Global Lithium Ion Battery Market By Product(Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate, Lithium Nickel Manganese Cobalt (LMC)), By Application(Automotive, Consumer Electronics, Industrial, Energy Storage Systems, Medical Devices), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2024-2033
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This report was compiled by Vishwa Gaul Vishwa is an experienced market research and consulting professional with over 8 years of expertise in the ICT industry, contributing to over 700 reports across telecommunications, software, hardware, and digital solutions. Correspondence Team Lead- ICT Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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The Lithium-Ion Battery Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Lithium-Ion Battery Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global lithium-ion battery market report has been segmented on the basis of product type, application, and region.
This Lithium-Ion Battery Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Lithium-Ion Battery Market Overview:
The lithium-Ion Battery Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Lithium-ion batteries are rechargeable batteries having a high energy density. It is mostly used in consumer electronics.
Lithium-ion batteries mainly consist of four components which include anode, cathode, electrolyte, and separator.
Lithium-ion batteries are used in various industrial applications, as it reduces greenhouse gas emissions.
The high energy efficiency of these batteries allows its use in various electric grid applications, which includes – improving the quality of energy harvested from wind, solar, geothermal, and other renewable sources, thus contributing to their more widespread use and building an energy-sustainable economy.
Increasing government funding in grid installations is in turn expected to create demand for lithium-ion batteries thereby, supporting the growth of the global lithium-ion battery market over the forecast period.
In addition, rising demand for smart devices and other electronic products across the globe is expected to drive the growth of the global lithium-ion battery market over the forecast period.
Various advantages of lithium-ion batteries over conventional batteries which include reduced weight and ease of handling are other factors expected to support the growth of the target market.
The market in the Asia Pacific dominates the global lithium-ion battery market in terms of revenue contribution as compared to that of markets in other regions.
Growing demand for lithium-ion batteries in various applications such as automotive, and consumer electronics especially in China, India, and Japan is expected to be a major factor supporting the growth of the market in the region over the forecast period.
Rising demand for electric vehicles due to favorable government policies in North America is expected to propel the growth of the target market in the region over the forecast period.
The target audience for the global lithium-ion battery market includes lithium-ion battery market manufacturers, the electronics industry, research institutes, government organizations, etc.
Global Lithium-Ion Battery Market Segmentation:
By Product
- Lithium Cobalt Oxide (LCO)
- Lithium Iron Phosphate (LFP)
- Lithium Nickel Cobalt Aluminum Oxide (NCA)
- Lithium Manganese Oxide (LMO)
- Lithium Titanate
- Lithium Nickel Manganese Cobalt (LMC)
By Application
- Automotive
- Consumer Electronics
- Industrial
- Energy Storage Systems
- Medical Devices
Global lithium-ion battery market segmentation, by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- BAK Group
- BYD Company Ltd.
- LG Chem, Ltd.
- Panasonic Corporation
- Samsung SDI Co., Ltd.
- GS Yuasa Corporation
- Hitachi Ltd.
- Johnson Controls Inc.
- Saft Groupe SA
- Toshiba Corporation
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