Lithium-Ion Battery Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Type, Application, and Region.

Lithium-Ion Battery Market was valued at US $ 46.8 Bn. in 2020. Global Lithium-Ion Battery Market size is estimated to grow at a CAGR of 13.1% during the forecast period.

Lithium-Ion Battery Market Overview:

A lithium-ion (Li-ion) battery is a high-performance battery, which uses lithium ions as a key component of its electrochemistry. Lithium-ion batteries have a very high voltage and charge storage per unit mass and volume as compared to other batteries like SLI batteries. Low self-discharge, high energy density, and improved charging speed all contribute to the durability of lithium-ion batteries. It is widely used in electronic consumer goods including computers, PDAs, iPods, cell phones, as well as the automotive, military, and aerospace industries. Lithium-ion is a type of rechargeable battery that can be found in a variety of electrical gadgets. The smartphone and tablets/PCs group is predicted to dominate the market among all electronic devices. Li-ion batteries provide a variety of advantages over other high-quality rechargeable battery technologies. They offer one of the highest energy densities (100-265 Wh/kg or 250-670 Wh/L) of any battery technology available today. Li-ion battery cells can deliver up to 3.6 Volts, which is three times higher than Ni-Cd or Ni-MH technology. In addition, Li-ion batteries have a low self-discharge rate of 1.5-2% each month. Lithium-Ion Battery Market To know about the Research Methodology :- Request Free Sample Report

Lithium-Ion Battery Market Dynamics:

Growing Adoption of Electric Vehicles across the globe: Electric vehicles use lithium-ion batteries as a source of power. The growing adoption of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) has increased lithium-ion battery adoption, which is expected to continue to grow during the forecast period. The number of electric vehicles is steadily increasing, owing to benefits such as reduced vehicle engine maintenance, reduced usage of hazardous oil waste, and reduced pollution caused by fuel combustion engines, along with the advancement of battery technology. In 2020, global EV sales climbed by 39% year over year to 3.1 million units. According to the report, the number is expected to rise during the forecast period, with 28 million electric vehicles sold by 2027. Electric vehicles are seen as the future of the automobile industry and transportation networks, and as their use grows, the demand for lithium-ion batteries is expected to grow significantly during the forecast period. Growing demand of Cathode Material across the globe: In recent years, the lithium-ion battery market has seen significant advancements in terms of component quality. Lithium-ion battery components include electrolytes, aluminum foil, copper foil, anode, and cathode. The global demand for cathode material has increased significantly, thanks to the lower raw material costs and increased demand for NCA, LFP, and LMO batteries. These lithium-ion battery modules have a wide range of applications in consumer electronics items that are in high demand. The need for cathode materials is expected to boost demand for Lithium-ion batteries during the forecast period. Lithium-Ion Battery Market Growing Lithium-Ion Battery applications: Electronic equipment such as smartphones, power tools, and digital cameras all use lithium-ion batteries for power storage and power backup. The growing demand for lithium-ion batteries in the railway and manufacturing industries, along with the solar power sector, is also driving the product demand across the globe. In addition, the Characteristics like long life spans, lower battery prices, and high density are expected to increase the necessity of lithium-ion batteries, which in turn, is expected to fuel the lithium-ion battery market growth across the globe. However, demand for various types of batteries in energy storage, consumer electronics, and electric cars, such as lithium-air, flow batteries, sodium nickel chloride, and lead-acid batteries, is expected to restrain the market growth during the forecast period. Growing concerns about favorable government subsidies, climate change, lowering battery costs, and the falling price of solar photovoltaic cells all contributed to the shift toward renewable energy as a source of power.

Lithium-Ion Battery Market Segment Analysis:

Based on the Type, the Lithium-Ion Battery Market is segmented into Li-NMC, LFP, LCO, and LTO. The LCO (Lithium Cobalt Oxide) segment held the largest market share, accounting for 33.1% in 2020. The growing adoption of LCO batteries in electric bikes, power tools, and other electric powering trains is driving the product demand for this segment. In addition, their lower cost, longer cycle life, and higher energy density are also expected to increase their demand during the forecast period. The LFP (Lithium-ion Phosphate) segment is expected to witness a significant growth rate at a CAGR of 11.46% during the forecast period. These batteries have a long life span and provide extraordinary product safety. The growing demand for LFP batteries in stationary and portable devices, which require high load currents and durability, is expected to boost the lithium-ion battery market growth during the forecast period. Based on the Application, the Lithium-Ion Battery Market is segmented into Automotive, Marine, Aerospace and Defense, Industrial, Consumer Electronics, and Others. The Automotive segment held the largest market share, accounting for 34.7% in 2020. The segment growth is attributed to rising awareness of the benefits of battery-powered vehicles along with rising fossil fuel prices, particularly in Asia Pacific, Europe, and North America. The growing environmental concerns about carbon emissions in the automotive industry as a result of the usage of fossil fuels have prompted an increase in electric vehicle usages across the globe. In addition, government incentives and subsidies to encourage the usage of electric vehicles have significantly reduced their cost. The availability of publicly accessible charging stations, notably in Europe and North America, has boosted the popularity of Electric vehicles, which in turn rising the usage of lithium-ion batteries. Lithium-Ion Battery Market Segment

Lithium-Ion Battery Market Regional Insights:

Asia Pacific region held the largest market share accounted for 47.1% in 2020. The region’s growth is attributed to the growing demand for tablets and smartphones in countries such as India, Japan, Thailand, and China is increasing the production of lithium-ion batteries in the region. Increasing lithium-ion battery production capacity in China, led by companies like Panasonic, Contemporary Amperex Technology Co., and LG Chem, along with growing government subsidies for electric vehicles, are expected to boost the product demand during the forecast period. North America region is expected to witness significant growth at a CAGR of 13.61% during the forecast period. The region's growth is attributed to rising consumer electronics and automobile sales in nations like the United States and Canada. The adoption of lithium-ion batteries has been increased by rising demand for high energy density batteries, as well as increasing penetration of consumer devices. The e-commerce industry's continued rise has encouraged the global demand for consumer electronics, complementing the regional market expansion of lithium-ion battery units. The objective of the report is to present a comprehensive analysis of the global Lithium-Ion Battery Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Lithium-Ion Battery Market dynamic, structure by analyzing the market segments and projecting the Lithium-Ion Battery Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Lithium-Ion Battery Market make the report investor’s guide.

Global Lithium-Ion Battery Market Scope: Inquiry Before Buying

Lithium-Ion Battery Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 46.8 Bn.
Forecast Period 2021 to 2027 CAGR: 13.1% Market Size in 2027: US $ 110.79 Bn.
Segments Covered: by Type • Li-NMC • LFP • LCO • LTO
by Application • Automotive • Marine • Aerospace and Defense • Industrial • Consumer Electronics • Others

Lithium-Ion Battery Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Lithium-Ion Battery Market Key Players

BYD COMPANY • LG CHEM • PANASONIC CORPORATION • SAMSUNG SDI • BAK GROUP • GS YUASA CORPORATION • HITACHI • JOHNSON CONTROLS • TOSHIBA CORPORATION • LITHIUM WERKS • CATL • A123 Systems LLC • Hitachi Chemical Co., Ltd. • NEC Corporation, • Saft • Sony Corporation • Tesla Inc. • Narada Power Source Co., Ltd. • Contemporary Amperex Technology Co. Frequently Asked Questions: 1] What segments are covered in the Lithium-Ion Battery Market report? Ans. The segments covered in the Lithium-Ion Battery Market report are based on Type and Application. 2] Which region is expected to hold the highest share in the Lithium-Ion Battery Market? Ans. The Asia Pacific region is expected to hold the highest share in the Lithium-Ion Battery Market. 3] What is the market size of the Lithium-Ion Battery Market by 2027? Ans. The market size of the Lithium-Ion Battery Market by 2027 is US$ 110.79 Bn. 4] What is the forecast period for the Lithium-Ion Battery Market? Ans. The forecast period for the Lithium-Ion Battery Market is 2020-2027. 5] What was the market size of the Lithium-Ion Battery Market in 2020? Ans. The market size of the Lithium-Ion Battery Market in 2020 was US$ 46.8 Bn.
1. Global Lithium-Ion Battery Market Size: Research Methodology 2. Global Lithium-Ion Battery Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Lithium-Ion Battery Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Lithium-Ion Battery Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Lithium-Ion Battery Market Size Segmentation 4.1. Global Lithium-Ion Battery Market Size, by Type (2020-2027) • Li-NMC • LFP • LCO • LTO 4.2. Global Lithium-Ion Battery Market Size, by Application (2020-2027) • Automotive • Marine • Aerospace and Defense • Industrial • Consumer Electronics • Others 5. North America Lithium-Ion Battery Market (2020-2027) 5.1. Global Lithium-Ion Battery Market Size, by Type (2020-2027) • Li-NMC • LFP • LCO • LTO 5.2. Global Lithium-Ion Battery Market Size, by Application (2020-2027) • Automotive • Marine • Aerospace and Defense • Industrial • Consumer Electronics • Others 5.3. North America Lithium-Ion Battery Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Lithium-Ion Battery Market (2020-2027) 6.1. European Lithium-Ion Battery Market, by Type (2020-2027) 6.2. European Lithium-Ion Battery Market, by Application (2020-2027) 6.3. European Lithium-Ion Battery Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Lithium-Ion Battery Market (2020-2027) 7.1. Asia Pacific Lithium-Ion Battery Market, by Type (2020-2027) 7.2. Asia Pacific Lithium-Ion Battery Market, by Application (2020-2027) 7.3. Asia Pacific Lithium-Ion Battery Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Lithium-Ion Battery Market (2020-2027) 8.1. The Middle East and Africa Lithium-Ion Battery Market, by Type (2020-2027) 8.2. The Middle East and Africa Lithium-Ion Battery Market, by Application (2020-2027) 8.3. The Middle East and Africa Lithium-Ion Battery Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Lithium-Ion Battery Market (2020-2027) 9.1. Latin America Lithium-Ion Battery Market, by Type (2020-2027) 9.2. Latin America Lithium-Ion Battery Market, by Application (2020-2027) 9.3. Latin America Lithium-Ion Battery Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. BYD COMPANY 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. LG CHEM 10.3. PANASONIC CORPORATION 10.4. SAMSUNG SDI 10.5. BAK GROUP 10.6. GS YUASA CORPORATION 10.7. HITACHI 10.8. JOHNSON CONTROLS 10.9. TOSHIBA CORPORATION 10.10. LITHIUM WERKS 10.11. CATL 10.12. A123 Systems LLC 10.13. Hitachi Chemical Co., Ltd. 10.14. NEC Corporation, 10.15. Saft 10.16. Sony Corporation 10.17. Tesla Inc. 10.18. Narada Power Source Co., Ltd. 10.19. Contemporary Amperex Technology Co.

About This Report

Report ID 18858
Category Energy & Power
Published Date Aug 2019
Updated Date Dec 2021
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