Lithium Ion Battery Market: Global Industry Trends, Growth, Share, Size Demand By Region & Forecast

Global Lithium-ion Battery Market Report and Forecast Till 2023

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Report Description and Highlights

Report Description

Lithium-ion Battery Market Report By Product Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt, and Others), Application (Consumer Electronics, Electric Vehicles, Energy Storage and Others), Power, Region In recent years, the global lithium-ion battery market has experienced a healthy growth. This can be accredited to the expanding applications of lithium-ion batteries in the production of electric vehicles and solar electric systems due to their lightweight, high energy density and negligible memory impact.

Market Overview: According to the latest report by IMARC Group, titled “Lithium-ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global lithium-ion battery market reached a value of more than US$ 25 Billion in 2017, growing at a CAGR of 12% during 20102017. A lithium-ion battery, also known as a Li-ion battery (LIB), is a type of rechargeable battery in which lithium ions move from the anode to the cathode. Unlike nickel-cadmium batteries, lithium-ion batteries are able to endure more charge/discharge cycles and do not need to be discharged prior to recharging. Some of the other advantages offered by these batteries include lightweight, low maintenance, high energy density and minimal memory impact. Owing to these factors, lithium-ion batteries can be used for a wide range of applications ranging from automobiles to mobile devices and personal computers.

Report Description and Highlights

Report Description Market Trends:

On account of a rise in environmental concerns across the globe, the governments of several countries have imposed strict policies on the consumption of non-renewable resources like oil, coal and natural gas. In line with this, the utilization of solar electric systems and electric vehicles (EVs) is proliferating.

The growing demand for lithium-ion batteries in these systems is providing a thrust to the market growth. Several governments are also offering tax incentives and subsidies to EV manufacturers to curb GHG emissions. For instance, the European Union recently funded the ‘GREENLION’ collaborative project for manufacturing affordable lithium-ion batteries for EVs. Apart from this, technological advancements are expected to assist in the introduction of low-cost batteries with higher power output, thereby creating a positive outlook for the market in the upcoming years. Due to these factors, the market value is projected to reach around US$ 49 Billion by 2023, expanding at a CAGR of more than 11% during 2018-2023.

Lithium-ion Battery Market Segmentation: Market Segmentation by Product Type o Lithium Cobalt Oxide For more information, click here: https://www.imarcgroup.com/lithium-ion-battery-market

Market Forecast

Sample Figure: Global: Lithium-ion Battery Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o o o o

Lithium Iron Phosphate Lithium Nickel Manganese Cobalt Lithium Manganese Oxide Others (Lithium Nickel Cobalt Aluminium Oxide and Lithium Titanate Oxide)

Based on type, the market has been segmented as lithium cobalt oxide, lithium iron phosphate, lithium nickel manganese cobalt, lithium manganese oxide and others. Currently, lithium cobalt oxide batteries dominate the market, holding the largest share. This can be attributed to their high energy density which assists in enhancing the battery-life of portable electronic devices like laptops, cameras, etc.

Market Segmentation by Power Capacity • • • •

0 to 3000mAh 3000mAh to 10000mAh 10000mAh to 60000mAh More than 60000mAh

On the basis of power capacity, batteries with a capacity of 0 to 3000mAh account for the majority of the total market share. Other segments include 3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh.

Market Segmentation

Report Description

Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1071&flag=B Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for around a half of the global market share. Increasing penetration of electric vehicles in the region is providing a boost to the market growth.

Market Segmentation by Application • • • •

Consumer Electronics Electric Vehicles Energy Storage Others

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description

On the basis of application, the market has been segregated into consumer electronics, electric vehicles and energy storage. Lithium-ion batteries are one of the most preferred choices for consumer electronic products, such as tablets, laptops and smartphones, on account of their various advantages.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • •

A123 Systems Automotive Energy Supply Corp.

LG Chem Panasonic SAMSUNG SDI Toshiba Amperex Technology (ATL) BAK Group Blue Energy BYD CBAK Battery

Market Segmentation

Report Description • • • •

Tianjin Lishen Battery Valence Technology SK innovation Hitachi Ltd.

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Report Description and Highlights

Report Description

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