Introduction of Lithium Ion Battery Market Report

Lithium-ion batteries comprise of LiCoO2 and graphite and are considered as a power source for smartphones, computers, laptops, and other electronic devices. These batteries have excellent performance and storage capacity and long charge-discharge life. These advanced batteries use lithium ions as a key component of its electrochemistry.

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The significant factors that are responsible for the growth of the lithium-ion battery market over the forecast period including the increasing adoption of consumer electronics, expanding number of R&D activities by various organizations and battery manufacturers, and the exceptional benefits offered by li-ion batteries. Moreover, the accelerating demand for plug-in vehicles, along with the rising need to bring automation and battery-operated material-handling equipment in industries is further surging the growth of the market. With the rapid globalization and digitalization, the consumers are now actively looking for smart devices to bring automation in their lives. This factor, followed by the rising demand for industrial goods, is creating numerous growth opportunities in the market.

The increasing number of PV installations and nuclear power plants and the launch of various wind energy projects, such as the New Wind Energy Project, is further paving the way for the growth of the global lithium-ion battery market. In addition to this, the growing off-grid installations, especially in China, the U.S., Germany, and Global, are accelerating the demand for lithium-ion batteries. These batteries are widely used in electronic devices such as smartphones, digital cameras, and power tools.

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Based on the type, the Lithium Nickel Manganese Cobalt segment is expected to grow at a faster CAGR over the forecast period. This is due to the rising application of these batteries in several industries due to its remarkable properties such as a high level of strength, excellent stability, has a good charge, and discharge cycle. Additionally, the increasing adoption of nickel manganese cobalt in batteries of smartphones, laptops, tablets, automotive, power tools, and electrical storage systems will further boost the growth of the segment.

On the basis of the Industry, the automotive segment is predicted to dominate the market in the next six years attributed to the increasing adoption and awareness of electric vehicles and the growing number of government initiatives and regulations to support the adoption of EVs. Furthermore, the market for these vehicles is anticipated to witness an upsurge due to the increasing adoption of numerous environmental norms and emission regulations.

On the basis of voltage, the high (above 36V) segment is expected to experience a faster CAGR over the coming years. This is due to the longer lifespan of these batteries and the ability to support high-current applications. These batteries are mostly used in military, power, electric vehicles, telecom, and marine sector. The high voltage batteries provide better safety as compared to the lead-acid batteries and have a higher power, which in turn, is further contributing to the growth of the segment.

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On the basis of the region, the North American region is projected to lead the market over the forecast period. China is the global hub for automotive manufacturing and is experiencing an upsurge in demand for lithium-ion batteries. Moreover, the increasing production of electric vehicles and lithium-ion batteries in vehicles is further driving the growth of the lithium-ion battery market size over the coming years.

Various notable players operating in the market include LG Chem Ltd., Panasonic Corporation, Hitachi Ltd., Johnson Controls, Samsung SDI Co. Ltd., BAK Group, BYD Company Ltd., GS Yuasa Corporation, Toshiba Corporation, and Valence Technology, Inc., among others.

 Key Developments: 

• • In 2020, BYD Company Ltd., introduced its new Blade Battery for increasing fire safety in electric vehicles. The surface temperature of the battery remains at 30-60 degrees Celsius and is more efficient as compared to the other conventional batteries.

The global Lithium-Ion Battery market segmented into type, products, power capacity, voltage, industry, and region. Based on the type, the market has been segmented into Lithium Nickel Manganese Cobalt Oxide (Li-Nmc), Lithium Iron Phosphate (Lfp), Lithium Cobalt Oxide (Lco), Lithium Titanate Oxide (Lto), Lithium Manganese Oxide (Lmo), and Lithium Nickel Cobalt Aluminum Oxide (Nca). Based on the products, the market has been segmented into cell and battery pack. Based on the power capacity, the market has been segmented into Less than 3,000 MAH, 3,000 TO 10,000 MAH, 10,000 TO 60,000 MAH, and above 60,000 MAH. Based on the voltage, the market has been segmented into low, medium, and high. Based on the industry, the market has been segmented into consumer electronics, automotive, aerospace & defense, marine, medical, industrial, power, and telecommunication.

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Key questions answered in this research report:

• • At what pace is global Lithium-Ion Battery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Lithium-Ion Battery market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Lithium-Ion Battery market?
  • Which battery generated maximum revenues in 2019 and identify the most promising battery during the forecast period?
  • What are the various industries of global Lithium-Ion Battery market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	ByType, By Product, By Power Capacity, By Voltage, By Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	LG Chem Ltd., Panasonic Corporation, Hitachi Ltd., Johnson Controls, Samsung SDI Co. Ltd., BAK Group, BYD Company Ltd., GS Yuasa Corporation, Toshiba Corporation, and Valence Technology, Inc, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Lithium-Ion Battery Market by Type  

• • Lithium Nickel Manganese Cobalt (Li-NMC)
  • Lithium Iron Phosphate (LFP)
  • Lithium Cobalt Oxide (LCO)
  • Lithium Titanate Oxide (LTO)
  • Lithium Manganese Oxide (LMO)
  • Lithium Nickel Cobalt Aluminum Oxide (NCA)

Global Lithium-Ion Battery Market by Products

• • Cell
  • Battery Pack

Global Lithium-Ion Battery Market by Power Capacity

• • Less Than 3,000 mAH
  • 3,000 TO 10,000 mAH
  • 10,000 TO 60,000 mAH
  • More Than 60,000 mAH

Global Lithium-Ion Battery Market by Voltage

• • Low (Below 12 V)
  • Medium (12 V – 36 V)
  • High (Above 36 V)

Global Lithium-Ion Battery Market by Industry

• • Consumer Electronics
    • Smartphones
    • UPS
    • Laptops
    • Others(Games, Gardening Tools, and Drilling)
  • Automotive
    • Battery Electric Vehicles
    • Plug-In Hybrid Electric Vehicles
  • Aerospace & Defense
    • Commercial Aircrafts
    • Defense
  • Marine
    • Commercial
    • Tourism
    • Defense
  • Medical
  • Industrial
    • Mining equipment
    • construction equipment
    • Forklifts, automated guided vehicles (AGV), and automated mobile robots (AMR).
  • Power
  • Telecommunication

Global Lithium-Ion Battery Market by Region

• • North America Lithium-Ion Battery Market(Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Product
    • North America Market by Power Capacity
    • North America Market by Voltage
    • North America Market by Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Lithium-Ion Battery Market(Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Product
    • Europe Market by Power Capacity
    • Europe Market by Voltage
    • Europe Market by Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Lithium-Ion Battery Market(Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by Power Capacity
    • Asia-Pacific Market by Voltage
    • Asia-Pacific Market by Industry
    • China Market All-Up
    • Global Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Lithium-Ion Battery Market(Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Product
    • RoW Market by Power Capacity
    • RoW Market by Voltage
    • RoW Market by Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Lithium-Ion Battery(Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • LG Chem Ltd.
  • Panasonic Corporation
  • Hitachi Ltd.
  • Johnson Controls
  • Samsung SDI Co. Ltd.
  • BAK Group
  • BYD Company Ltd.
  • GS Yuasa Corporation
  • Toshiba Corporation
  • Valence Technology, Inc.