Lithium-ion Battery Packs Market
Lithium-ion Battery Packs Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Lithium-ion Battery Packs Market Size and Growth
The Lithium-ion Battery Packs market is experiencing significant growth, driven by rising demand in electric vehicles and renewable energy storage. The market is expected to reach approximately $60 billion by 2025, reflecting an annual growth rate of around 15%. Key trends include technological advancements and increased investments in sustainable solutions.
Companies Covered
(Covid 19 Impact Covered)
◍ A123 Systems LLC
◍ ENVISION AESC GROUP LTD.
◍ LG Chem
◍ Panasonic Corporation
◍ BAK Power
◍ Toshiba Corporation
◍ BYD Company Ltd.
◍ Total Battery Solutions Ltd
◍ ROMEO POWER, INC
◍ SAMSUNG SDI CO.,LTD.
◍ Excell Battery Co.
◍ Amperex Technology Limited
◍ Corvus Energy
◍ VARTA AG
◍ Nikon
The Lithium-ion Battery Packs Market is competitive, featuring leaders like LG Chem, Panasonic, and BYD. A123 Systems and Samsung SDI innovate in technology; Toshiba and VARTA enhance energy storage solutions. Companies drive growth through advancements in EVs, consumer electronics, and renewable energy sectors.
Notable sales figures include:
- LG Chem: $25 billion (2022)
- Panasonic: $16 billion (2022)
- BYD: $26 billion (2021).
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Market Segmentation
By Application
Automotive
Consumer Electronic
Others
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By Product
Lithium Iron Phosphate
Lithium Cobalt Oxide
Lithium Nickel Manganese Cobalt
Others
Market Growth
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$ X Billion USD
