USD 41.9 billion
Report ID:
SQMIG20D2153 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
100 |
Figures:
74
Lithium-Ion Battery Market size was valued at USD 41.9 billion in 2021 and is poised to grow from USD 49.36 billion in 2022 to USD 188.5 billion by 2030, at a CAGR of 18.18% during the forecast period (2023-2030)
Lithium-Ion batteries are becoming popular since It has many advantages such as high energy density, low self discharge, low maintenance cell voltage, loads of characteristic, no requirement for priming, variety of types.
One issue with all the other rechargeable batteries, the self discharge rate.Lithium ion cell’s Self discharge is much lower than the other rechargeable sale such as NI cadmium and NI MH forms. Along with low rate of self discharge, another major advantage of lithium and batteries that they do not require maintenance to ensure their performance.The voltage provided by lithium ion cell is higher than that of the standard nickel, cadmium, nickel metal hydride and even standard than alkaline cells that helps in power management. However,lesser protection, battery management system, egging transportation cost and developing technologies are the major issues for the lithium ion battery market.
US Lithium-Ion Battery Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 41.9 billion
Largest Segment
Lithium cobalt oxide (LCO)
Fastest Growth
Lithium cobalt oxide (LCO)
Growth Rate
18.18% CAGR
To get more reports on the above market click here to Buy The Report
Global Lithium-Ion Battery market is segmented on the basis of application, Type, Capacity and region. By application, the market is segmented into Consumer Electronics, Energy Storage Systems, Industrial. By type the market is segmented into LCO, LFP, NCA, LMO, LTO, NMC. By capacity, the market is segmented into 0–3,000 mAh, 3,001–10,000 mAh, 10,001–60,000 mAh, More than 60,000 mAh. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Lithium-Ion Battery Market Analysis by Application
By application, the global market is divided into many segments such as Consumer Electronics, Energy Storage Systems, Industrial. Consumer Electronics segment held largest global Lithium-Ion Battery market share due to the wide range of benefits provided by Lithium-Ion Battery in it . Devices, such as easy digital approach to switching network carriers with no need of replacing a battery physically, enhanced security, reliability, modern look, completely wireless and many more. Furthermore, these provide very smooth, efficient operation of electronic modules. OEMs across the world are continuously focusing on the development and integrity of Lithium-Ion Battery in various types of applications.
To get detailed analysis on other segments, Request For Free Sample Report
Globally, Asia Pacific is estimated to hold the highest global Lithium-Ion Battery market share. Main factors during this growth period are the presence of top market players, Rising environmental concerns which related to banning of conventional fossil fuel powered scooters to reduce emissions and others.
It is Alsoexpected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Lithium-Ion Battery technology in various devices in the region of Asia Pacific and mainly in China and Japan. Penetration of mobile internet in Asia Pacific has doubled in the last few years. In addition, mobile network operators are investing heavily in order to provide Battery services at an affordable price to the consumers, which is likely to boost the demand for Lithium-Ion Battery in the region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Lithium-Ion Battery Market Drivers
Increasing popularity and usage Of electric vehicle is boosting the Lithium-Ion Battery market
Lithium-Ion Battery Market Restraints
Alternate battery options and demand slow down and hinder the market growth
Request Free Customization of this report to help us to meet your business objectives.
Competition in the global Lithium-Ion Battery market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with Lithium-Ion Battery will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Lithium-Ion Battery Market Top Player’s Company Profiles
Lithium-Ion Battery Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Lithium-Ion Battery market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as high energy density, low self discharge, low maintenance cell voltage, loads of characteristic, no requirement for priming, variety of types. Lithium-Ion batteries will enable devices to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 41.9 billion |
Market size value in 2031 | USD 188.5 billion |
Growth Rate | 18.18% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Lithium-Ion Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Lithium-Ion Battery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Lithium-Ion Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Lithium-Ion Battery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG20D2153