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Lithium-Ion Battery Market - Global Industry Analysis

Lithium-Ion Battery Market - by Power Capacity (5–25 WH, 48-95 WH, 18–28 KWH, 100–250 KWH, And More Than 300 KWH) and By Application(Automotive, Aerospace & Defense, Consumer Electronics, Industrial, And Others Application) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 31-Aug-2017 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-2165 Status : Published

Global Lithium-Ion Battery market, which was estimated at 50 (USD Billion) in 2019 and is predicted to accrue earnings worth 90 (USD Billion) by 2026, is set to record a CAGR of nearly 13.70% over 2020-2026.

Description

The global Lithium-Ion Battery market, which was estimated at 50 (USD Billion) in 2019 and is predicted to accrue earnings worth 90 (USD Billion) by 2026, is set to record a CAGR of nearly 13.70% over 2020-2026. The report offers valuation and analysis of Lithium-Ion Battery market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Lithium ion battery is a kind of rechargeable battery that is generally utilized in electric vehicles and portable electronics sectors. Escalating use of the product in military & defense and aerospace & aviation sectors will proliferate the demand for lithium ion batteries in the forthcoming years. Lithium iron phosphate, lithium manganese oxide, and lithium cobalt oxide batteries are some of the key lithium ion battery chemistries that are largely accepted across various industries.

Global Lithium Ion Battery Market

Market Growth Dynamics

Launching of supportive policies for promoting sale of electric vehicles along with surge in economies of scale will proliferate market demand over the estimated timeline. In addition to this, rise in the need for curtailing fuel emissions has resulted in increase in the electric vehicle sales, thereby culminating into high market expansion over the forecast timeframe. Furthermore, a prominent inflation in PV deployments and large-scale setting up of nuclear power units along with launching of wind power ventures will expedite the growth of the industry over the ensuing years.

Furthermore, rapidly expanding off-grid deployments in the countries like Germany, the U.S., China, and India will promulgate the growth of the lithium-ion battery industry over the estimated timeline. Large-scale utilization of the product in medical field will prompt the expansion of the lithium-ion-battery market in the years ahead. Escalating product penetration in railway, production, consumer electronic goods, and solar power sectors are predicted to embellish the business landscape over the projected timeline. High storage requirement and low solar PV costs coupled with lowered battery costs will translate into massive business growth over the assessment period.

Asia Pacific To Account Majorly Towards Overall Industry Revenue By 2026

The growth of the industry in Asia Pacific zone over the forecast timeline is owing to massive awareness about the benefits offered by the product along with its eco-friendly features. In addition to this, massive popularity of smartphones and tablets in countries like China, Japan, Singapore, India, Thailand, and Indonesia will prop up the growth of the market in the region over the estimated timeline. Apart from this, presence of key manufacturers like LG Chem Ltd., Panasonic Corporation, and Amperex Technology Co. will steer the business space over the estimated timespan.

Key participants profiled in the report include BYD Company Ltd., Samsung SDI Co. Ltd., GS Yuasa Corporation, A123 Systems, LLC., Johnson Controls, Inc., Automotive Energy Supply Corporation (AESC), Hitachi Chemical Co. Ltd., BAK Group, Toshiba Corporation, Panasonic Corporation, LG Chem Power, Inc., Saft Groupe SA, and Valence Technology, Inc.

The global lithium-ion battery market is segmented as follows:

By Power Capacity

  • 5–25 Wh 
  • 48-95 Wh
  • 18–28 KWh
  • 100–250 KWh 
  • More than 300 KWh.

By Application

  • Consumer electronics
  • Automotive
  • Aerospace and Defense
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global lithium-ion battery market, 2014 – 2022 (USD Million)
    • 2.2. Global lithium-ion battery market : Snapshot
  • Chapter 3. Lithium-Ion Battery – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global lithium-ion battery market drivers: Impact analysis
      • 3.2.2. Growing consumer electronics industry
    • 3.3. Market restraints
      • 3.3.1. Global lithium-ion battery market restraints: Impact analysis
    • 3.4. Opportunities
      • 3.4.1. Increasing use of new technologies in lithium ion batteries
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by power capacity segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Lithium-ion battery Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global lithium-ion battery market: company market share, 2016
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Power capacity Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Power capacity and Regional Expansion
  • Chapter 5. Global Lithium-Ion Battery Market – Power Capacity Segment Analysis
    • 5.1. Global lithium-ion battery market: power capacity overview
      • 5.1.1. Global lithium-ion battery market revenue share, by power capacity, 2016 and 2022
    • 5.2. 5–25 Wh
      • 5.2.1. Global lithium-ion battery market for 5–25 Wh, 2014 – 2022 (USD Million)
    • 5.3. 48-95 Wh
      • 5.3.1. Global lithium-ion battery market for 48-95 Wh, 2014 – 2022 (USD Million)
    • 5.4. 18–28 KWh
      • 5.4.1. Global lithium-ion battery market for 18–28 KWh, 2014 – 2022 (USD Million)
    • 5.5. 100–250 KWh
      • 5.5.1. Global lithium-ion battery market for 100–250 KWh, 2014 – 2022 (USD Million)
    • 5.6. More than 300 KWh
      • 5.6.1. Global lithium-ion battery market for More than 300 KWh, 2014 – 2022 (USD Million)
  • Chapter 6. Global Lithium-ion battery Market – Application Segment Analysis
    • 6.1. Global lithium-ion battery market: Application overview
      • 6.1.1. Global lithium-ion battery market revenue share, by application, 2016 and 2022
    • 6.2. Consumer electronics
      • 6.2.1. Global lithium-ion battery market for consumer electronics, 2014 – 2022 (USD Million)
    • 6.3. Automotive
      • 6.3.1. Global lithium-ion battery market for automotive, 2014 – 2022(USD Million)
    • 6.4. Aerospace and Defense
      • 6.4.1. Global lithium-ion battery market for aerospace and defense, 2014 – 2022(USD Million)
    • 6.5. Industrial
      • 6.5.1. Global lithium-ion battery market for industrial, 2014 – 2022(USD Million)
    • 6.6. Others
      • 6.6.1. Global lithium-ion battery market for others application, 2016 - 2022(USD Million)
  • Chapter 7. Global Lithium-ion battery Market – Regional Segment Analysis
    • 7.1. Global lithium-ion battery market: Regional overview
      • 7.1.1. Global lithium-ion battery market revenue share, by region, 2016 and 2022
    • 7.2. North America
      • 7.2.1. North America lithium-ion battery market revenue, by power capacity , 2014 – 2022 (USD Million)
      • 7.2.2. North America lithium-ion battery market revenue, by application, 2014 – 2022 (USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. lithium-ion battery market revenue, by power capacity , 2014 – 2022(USD Million)
        • 7.2.3.2. U.S. lithium-ion battery market revenue, by application, 2014 – 2022(USD Million)
    • 7.3. Europe
      • 7.3.1. Europe lithium-ion battery market revenue, by power capacity , 2014 – 2022 (USD Million)
      • 7.3.2. Europe lithium-ion battery market revenue, by application, 2014 – 2022 (USD Million)
      • 7.3.3. Germany
        • 7.3.3.1. Germany lithium-ion battery market revenue, by power capacity , 2014 – 2022 (USD Million)
        • 7.3.3.2. Germany lithium-ion battery market revenue, by application, 2014 – 2022 (USD Million)
      • 7.3.4. France
        • 7.3.4.1. France lithium-ion battery market revenue, by power capacity , 2014 – 2022 (USD Million)
        • 7.3.4.2. France lithium-ion battery market revenue, by application, 2014 – 2022 (USD Million)
      • 7.3.5. UK
        • 7.3.5.1. UK lithium-ion battery market revenue, by power capacity , 2014 – 2022(USD Million)
        • 7.3.5.2. UK lithium-ion battery market revenue, by application, 2014 – 2022(USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific lithium-ion battery market revenue, by power capacity , 2014 – 2022, (USD Million)
      • 7.4.2. Asia Pacific lithium-ion battery market revenue, by application, 2014 – 2022, (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China lithium-ion battery market revenue, by power capacity , 2014 – 2022(USD Million)
        • 7.4.3.2. China lithium-ion battery market revenue, by application, 2014 – 2022(USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan lithium-ion battery market revenue, by power capacity , 2014 – 2022(USD Million)
        • 7.4.4.2. Japan lithium-ion battery market revenue, by application, 2014 – 2022(USD Million)
      • 7.4.5. India
        • 7.4.5.1. India lithium-ion battery market revenue, by power capacity , 2014 – 2022(USD Million)
        • 7.4.5.2. India lithium-ion battery market revenue, by application, 2014 – 2022(USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America lithium-ion battery market revenue, by power capacity , 2014 – 2022(USD Million)
      • 7.5.2. Latin America lithium-ion battery market revenue, by application, 2014 – 2022(USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil lithium-ion battery market revenue, by power capacity, 2014 – 2022(USD Million)
        • 7.5.3.2. Brazil lithium-ion battery market revenue, by application, 2014 – 2022 (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa lithium-ion battery market revenue, by power capacity, 2014 – 2022 (USD Million)
      • 7.6.2. Middle East and Africa lithium-ion battery market revenue, by application, 2014 – 2022(USD Million)
  • Chapter 8. Company Profile
    • 8.1. Panasonic Corporation
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Power capacity portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Hitachi Chemical Co. Ltd.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Power capacity portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. BAK Group
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Power capacity portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Johnson Controls, Inc.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Power capacity portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Samsung SDI Co. Ltd.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Power capacity portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. LG Chem Power, Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Power capacity portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Toshiba Corporation.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Power capacity portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Saft Groupe SA
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Power capacity portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. GS Yuasa Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Power capacity portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Automotive Energy Supply Corporation (AESC)
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Power capacity portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. BYD Company Ltd.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Power capacity portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. Valence Technology, Inc.
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Power capacity portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Lithium-Ion Battery market. Zion Research has collected and analyzed key data belong to the global Lithium-Ion Battery market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Lithium-Ion Battery across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Lithium-Ion Battery industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Lithium-Ion Battery market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

A lithium-ion battery or Li-ion battery is a rechargeable battery wherein lithium ions move from the cathode to the anode during discharge and back when charging.  Li-ion batteries use an intercalated lithium compound as one electrode material, compared to the metallic lithium used in a non-rechargeable lithium battery. Lithium-ion batteries are mostly used for consumer or home electronics. They are one of the most popular types of rechargeable batteries for portable electronics, with a tiny memory effect, high energy density, and low self-discharge. LIBs are also growing in popularity for military, battery electric vehicle and aerospace applications. 

The increase in demand for electric vehicle and smart devices and other consumer electronics are anticipated to boost the lithium-ion battery market over the forecast period. Strict Government regulations to control increasing pollution are likely to trigger the market for a lithium-ion battery. However, fluctuating price of lithium-ion batteries may hamper the market.  Nonetheless, increasing use of new technologies in lithium ion batteries is likely to provide lucrative growth opportunities in the forecast period.

Global Lithium Ion Battery Market

On the basis of type, the lithium ion battery market segmented into lithium nickel manganese cobalt (LI-NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO) lithium manganese oxide (LMO), and lithium & nickel cobalt aluminum oxide (NCA). Lithium nickel manganese cobalt (LI-NMC) is one of leading segment of lithium-ion battery. This type of batteries is used in application areas like e-bikes, power tools, medical equipment, and other electric power trains. LFP battery is also called Lithium iron phosphate (LiFePO4) battery. Based on power capacity segment, lithium-ion battery market has been segmented into 5–25 Wh, 48-95 Wh, 18–28 KWh, 100–250 KWh and More than 300 KWh.  Low power lithium-ion battery (5-25 Wh) segment is one of the leading segments of lithium-ion battery market and accounted for over 32% of the total market in 2016. 18-28 KWh segment is another key outlet of the market and expected to exhibit significant growth within the forecast period.

Some of the key applications of the lithium-ion battery include automotive, aerospace and defense, consumer electronics, industrial and others. Consumer electronics application segment held the largest market share for the lithium-ion battery in 2016. This segment is expected to continue its dominance in the global market throughout the forecast period due to growing demand for low power capacity lithium-ion batteries to be used in smartphones and tablet. It is followed by automotive and industrial segments.

Geographically, Asia Pacific is expected to lead the market and emerge as a fastest growing region in the forecast period due to the rapid growth of the consumer electronics and automotive industry in China, Japan and India. North America is one of the largest markets for lithium-ion battery in 2016. Europe is expected to grow at a significant rate due to the surging demand for lithium-ion battery from the automotive industry.

Some of the key players for global lithium-ion battery include Panasonic Corporation, Hitachi Chemical Co. Ltd., BAK Group, Johnson Controls, Inc., Samsung SDI Co. Ltd., LG Chem Power, Inc., Toshiba Corporation, GS Yuasa Corporation, BYD Company Ltd., and Valence Technology, Inc. among others.


Frequently Asked Questions

Launching of supportive policies for promoting sale of electric vehicles along with surge in economies of scale will proliferate market demand over the estimated timeline. In addition to this, rise in the need for curtailing fuel emissions has resulted in increase in the electric vehicle sales, thereby culminating into high market expansion over the forecast timeframe. Furthermore, a prominent inflation in PV deployments and large-scale setting up of nuclear power units along with launching of wind power ventures will expedite the growth of the industry over the ensuing years. Furthermore, rapidly expanding off-grid deployments in the countries like Germany, the U.S., China, and India will promulgate the growth of the lithium-ion battery industry over the estimated timeline.

According to Zion market research report, the global Lithium-Ion Battery market, which was estimated at 50 (USD Billion) in 2019 and is predicted to accrue earnings worth 90 (USD Billion) by 2026, is set to record a CAGR of nearly 13.70% over 2020-2026.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue during the estimated timespan. The regional market growth over 2020-2026 can be credited to massive awareness about the benefits offered by the product along with its eco-friendly features. In addition to this, massive popularity of smartphones and tablets in countries like China, Japan, Singapore, India, Thailand, and Indonesia will prop up the growth of the market in the region over the estimated timeline. Apart from this, presence of key manufacturers like LG Chem Ltd., Panasonic Corporation, and Amperex Technology Co. will steer the business space over the estimated timespan.

The key players profiled in the report include BYD Company Ltd., Samsung SDI Co. Ltd., GS Yuasa Corporation, A123 Systems, LLC., Johnson Controls, Inc., Automotive Energy Supply Corporation (AESC), Hitachi Chemical Co. Ltd., BAK Group, Toshiba Corporation, Panasonic Corporation, LG Chem Power, Inc., Saft Groupe SA, and Valence Technology, Inc.

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