Lithium-Ion Battery Market:
As per the GMI Research's latest analysis, Global
Lithium-Ion Battery Market reveals that the market is slated to register a
significant CAGR over the forecast period. This is attributed to the strong
adoption of consumer electronics, the increasing number of research and
development activities by several companies and battery manufacturers, and the
remarkable benefits provided by Li-ion batteries.
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Lithium-Ion Battery Market’s leading
Manufacturers:
·
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.
Lithium-Ion Battery Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key
Drivers
The strong adoption of consumer electronics, the increasing
number of research and development activities by several companies and battery
manufacturers, and the remarkable benefits provided by li-ion batteries are the
key drivers contributing to the growth of the lithium-ion
battery market size. Furthermore, the strong demand for plug-in vehicles,
followed by the increasing requirement to bring automation and battery-operated
material-handling equipment in sectors, is further propelling the growth of the
lithium-ion battery market share in terms of revenue. With the increasing
digitalization and globalization, consumers are proactively searching for smart
devices to bring automation into their lives, which will support the growth of
the market. The high demand for industrial goods is expected to bring various
growth opportunities to the market.
According to the lithium-ion battery market report, the
growing number of PV installations and nuclear power plants and the
introduction of numerous wind energy projects, including New Wing Energy
Project, will further stimulate the growth of the global lithium-ion battery
market in the upcoming years. Additionally, the growing off-grid installations,
particularly in China, Germany, the US, and Global, are further augmenting the
demand of the market. These batteries are largely used in electronic devices
like digital cameras, smartphones, and power tools.
Type
Segment Drivers
Based on the type, the Lithium Nickel Manganese Cobalt is
projected to grow at a higher CAGR in the coming years due to the growing
application of these batteries in various sectors owing to its exceptional
features that include better stability, increasing level of strength, discharge
cycle, and has a good charge. In addition to this, the high adoption of nickel
manganese cobalt in batteries of tablets, smartphones, power tools, laptops,
electrical storage systems, and automotive will further augment the market
growth.
Lithium-Ion Battery Market Segmentation:
Segmentation
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)
Segmentation
by Products:
·
Cell
·
Battery Pack
Segmentation
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
Segmentation
by Voltage:
·
Low (Below 12 V)
·
Medium (12 V – 36 V)
·
High (Above 36 V)
Segmentation
by Industry:
·
Consumer Electronics
o
Smartphones
o
UPS
o
Laptops
o
Others
·
Automotive
o
Battery
Electric Vehicles
o
Plug-In
Hybrid Electric Vehicles
·
Aerospace & Defense
o
Commercial Aircrafts
o
Defense
·
Marine
o
Commercial
o
Tourism
o
Defense
·
Medical
·
Industrial
o
Mining
equipment
o
construction equipment
o
Forklifts, automated guided vehicles (AGV),
and automated mobile robots (AMR)
·
Power
·
Telecommunication
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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