The global prismatic cells market is expected to witness high growth due to the increasing demand for smart electronic devices. These cells are used in energy storage systems and electric powertrain. Market players are emphasizing on technological development to improve the capacity and life cycle of the prismatic cells. Moreover, rising demand for consumer electronics from the developing economies also results in the significant growth of this market.This growth is primarily driven by Growing Demand for Smart Electronic Devices and Lightweight and Flexibility of Prismatic Cell.
Globally, a noticeable market trend is evident Increasing Applications in Mobile Phones. Major Players, such as Panasonic (Japan), Samsung SDI (South Korea), LG Chem (South Korea), Sony Corporation (Japan), Wanxiang Group (China), Hitachi (Japan), Tianjin Lishen (China), Optimum Nano Energy Co., Ltd. (China) and K2 Energy Solutions (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
30th October 2019, K2 Energy Solutions launched new compact prismatic cells to expand their product portfolio in the energy storage field to meet changing industry demands.
- Growing Demand for Smart Electronic Devices
- Lightweight and Flexibility of Prismatic Cell
- Increasing Applications in Mobile Phones
- High Cost of Design and Manufacturing of Prismatic Cells
- Limited Number of Standardized Sizes Available in Prismatic Cells
Increasing Demand for the Consumer Electronics and Growing Demand from the Developing Economies
Thermal Management in Prismatic Cells is Less Effective and Prismatic Cells are Sensitive to Deformation in High-Pressure Situations
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase