The report is titled ‘Lithium Ion Battery Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the lithium ion battery market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The lithium ion battery market is expected to grow at a significant rate in the near future.
The lithium ion battery market size was valued at US$ 45.3 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.7% from 2020 to 2028.
Lithium Ion Battery Market Definition
A lithium-ion battery (LIB) can be perceived as a rechargeable battery-powered that makes use of an interspersed lithium compound as its electrode. A lithium ion battery, which is composed of the cathode, anode, and electrolyte, is a thermochemical storage instrument that does not necessitate an entire discharge in anticipation of recharging. It is distinguished by greater energy frequency, minimum maintenance and reduced self-discharge rates in comparison to its equivalents, for instance, nickel-cadmium batteries. In addition, it also provides an improved energy-to-weight proportion and huge open-circuit voltage.
Lithium Ion Battery Market Dynamics
The massive usage of consumer electronics across the world has majorly propelled the demand of lithium ion batteries across the global markets. Owing to which, the global lithium ion battery market is projected to grow significantly in the years to come. On top of that, the rapid surge in utilization of mobile phones, tablets, laptops, and other electronic devices have allowed lithium ion batteries to accelerate the growth in the demand of the lithium ion battery worldwide. Other than this, on account of the fresh advent of advanced wireless technology majority of the electronics products are electrically powered and henceforth, lithium ion batteries have long standing operations and are more cost effective. Attributing to which, the lithium ion battery market is expected to witness massive breakthroughs in the forthcoming years.
Lithium Ion Battery Market Segmentation
The global lithium ion battery market is segmented on the basis of type, power capacity, industry, voltage, and region.
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)
By Power Capacity
0 TO 3,000 mAH
3,000 TO 10,000 mAH
10,000 TO 60,000 mAH
More Than 60,000 mAH
By Industry
Consumer Electronics
Automotive
Marine
Aerospace and Defense
Medical
Industrial
Power
Telecom
By Voltage
Low (Below 12 V)
Medium (12 V – 36 V)
High (Above 36 V)
By Region
North America
Latin America
Europe
Africa
Middle East
Asia Pacific
Lithium Ion Battery Market Key Players
The key participating players of the global Lithium ion battery market include BYD Company, LG Chem, Panasonic, Samsung SDI, BAK Group, GS Yuasa Corporation, Hitachi, Johnson Controls, Toshiba, Lithium Werks, CALB, Saft Groupe, VARTA Storage, Farasis Energy, and Sila Nanotechnologies, among others.
MMC Overview on Lithium Ion Battery Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Lithium Ion Battery market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Lithium Ion Battery
Advantages of Lithium Ion Battery
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Lithium-Ion Battery Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Lithium-Ion Battery Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Lithium-Ion Battery Market Snapshot
2.4. Global Lithium-Ion Battery Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Lithium-Ion Battery Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Lithium-Ion Battery Assessment and Analysis
3.1. Lithium-Ion Battery Impact Analysis
3.2. Actions to encourage use of Lithium-Ion Battery
15.4. Africa Lithium-Ion Battery Market, By Power Capacity
15.4.1. 0 TO 3,000 mAH
15.4.2. 3,000 TO 10,000 mAH
15.4.3. 10,000 TO 60,000 mAH
15.4.4. More Than 60,000 mAH
15.5. Africa Lithium-Ion Battery Market, By Industry
15.5.1. Consumer Electronics
15.5.2. Automotive
15.5.3. Marine
15.5.4. Aerospace and Defence
15.5.5. Medical
15.5.6. Industrial
15.5.7. Power
15.5.8. Telecom
15.6. Africa Lithium-Ion Battery Market, By Voltage
15.6.1. Low (Below 12 V)
15.6.2. Medium (12 V – 36 V)
15.6.3. High (Above 36 V)
15.7. Africa Lithium-Ion Battery Market Attractiveness Index
15.7.1. By Country
15.7.2. By Type
15.7.3. By Power Capacity
15.7.4. By Industry
15.7.5. By Voltage
16. Competitive Landscape
16.1. Company Profiles
16.1.1. BYD Company
16.1.1.1. Company Overview
16.1.1.2. Financial Overview
16.1.1.3. Key Developments
16.1.1.4. Strategies
16.1.1.5. Product Analysis
16.1.2. LG Chem
16.1.3. Panasonic
16.1.4. Samsung SDI
16.1.5. BAK Group
16.1.6. GS Yuasa Corporation
16.1.7. Hitachi
16.1.8. Johnson Controls
16.1.9. Toshiba
16.1.10. Lithium Werks
16.1.11. CALB
16.1.12. Saft Groupe
16.1.13. VARTA Storage
16.1.14. Farasis Energy
16.1.15. Sila Nanotechnologies
17. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The lithium ion battery market size was valued at US$ 45.3 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.7% from 2020 to 2028
What are the key factors driving the growth of market?
The massive usage of consumer electronics across the world and rapid surge in utilization of mobile phones, tablets, laptops, and other electronic devices are the key factors driving the growth of market
What segments are covered in market report?
The global lithium ion battery market is segmented on the basis of type, power capacity, industry, voltage, and region
What are the key participating players in the market?
BYD Company, LG Chem, Panasonic, Samsung SDI, BAK Group, GS Yuasa Corporation, Hitachi, Johnson Controls, Toshiba, Lithium Werks, CALB, Saft Groupe, VARTA Storage, Farasis Energy, and Sila Nanotechnologies, among others are the key participating players in the market
We use cookies for a better user experience. Click here to know more about it.
