Global Lithium-Ion Battery Market

Global Lithium-Ion Battery Market Size, Share, Growth Analysis, By Application(Consumer Electronics, Energy Storage Systems), By Type(LCO, LFP), By Capacity(0–3, 000 mAh) - Industry Forecast 2024-2031

Report ID: SQMIG20D2153 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 100 | Figures: 74

Global Lithium-Ion Battery Market Competitive Landscape

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

  • A123 Systems LLC
  • Johnson Controls
  • NEC Corporation
  • Panasonic Corporation
  • Duracell Inc.
  • Electrochemist
  • SK Innovation Co., Ltd
  • Energizer
  • CBAK Energy Technology
  • Tesla
  • Renault Group
  • Samsung SDI Co., Ltd.
  • Toshiba Corporation LG Chem
  • Saft
  • Contemporary Ampere Technology Co., Limited

Lithium-Ion Battery Market

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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)

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. 'GS Yuasa International Ltd.', ' BYD Company Ltd.', 'A123 Systems LLC', ' Hitachi, Ltd.', 'Johnson Controls', 'NEC Corporation', 'Panasonic Corporation', 'Duracell Inc.', 'Electrochemist', 'SK Innovation Co., Ltd', 'Energizer', 'CBAK Energy Technology', 'Tesla', 'Renault Group', 'Samsung SDI Co., Ltd.', 'Toshiba Corporation LG Chem', 'Saft', 'Contemporary Ampere Technology Co., Limited'

Compared to internal combustion engine, electric vehicle have reduced the harmful impacts on the climate .Government all across the globe is proposing to the consumers to purchase electric vehicle because of the various initiatives of greener and population free mobility.Theses several initiatives and awareness among the consumers regarding the environment will drive the Lithium ion battery market.

The growth in the projects of renewable energy such as photovoltaic installation, nuclear power plants, wind energy projects for the interest towards maintaining the clean and green environment has led to the growth of lithium ion batteries.Hey. The major trend of using the lithium ion battery equipment in the medical sector is also supporting the growth of the market.

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.

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