Global Lithium-Ion Battery Market, By Type (LI-NMC, LFP, LCO, LTO, LMO, NCA), By Application (Energy Storage, Others), By Form/Design (Pouch, Prismatic, Elliptical, Others), By Power Capacity (0-300 mAH, Others), Estimation & Forecast, 2017 – 2027, The ‘ Lithium-Ion Battery market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Lithium-Ion Battery market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Lithium-Ion Battery market size forecast, market data & Graphs and Statistics, Tables, Bar & Pie Charts, and many more for business intelligence.
Global Lithium-Ion Battery Market valued approximately USD XX million in 2019 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2025.In-depth information by Market Size, competitive landscape is provided i.e. Revenue (Million USD) by Players, Revenue Market Share (%) by Players and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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Key Segments Studied in the Global Lithium-Ion Battery Market:
Market Introduction
The global lithium-ion battery market held a market value of USD 48,658.4 Million in 2020 and is estimated to reach USD 67,818.9 Million by the year 2027. The market is anticipated to register a CAGR of 5.3% during the forecast period.
Lithium-ion batteries are a type of rechargeable battery. They are quite commonly used in electric vehicles and portable electronics. It also has numerous applications in the military and aerospace sectors. The market is witnessing mid-single-digit growth owing to the factors such as increasing penetration of electric vehicle sales and rising adoption of consumer electronics.
The market is expected to be negatively influenced by the heavy reliance on imports of lithium-ion batteries and the availability of limited technical information about them. Furthermore, safety concerns regarding the storage and transportation of spent batteries are also estimated to hinder market growth.
Cobalt, nickel, lithium, copper, and graphite are the primary metals used in manufacturing of lithium-ion batteries, constituting approximately 50 to 60% of the total cost of the batteries. Furthermore, the cost of lithium-ion batteries is dependent on various components, such as equity return, tax, depreciation, working capital, term loan, S&G, overheads, R&D, O&M, insurance, labor, energy, separator, Mn+Ni+Co, Graphite, and Lithium, among others. The material cost contributes to near about 66%. The cost of lithium-ion batteries in electric vehicles is also dependent on various components; include pack components, cell material, depreciation/financing, overheads, margin & warranty, and labor, among others. The pack components contribute to a major share of the cost.
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Growth Influencers:
Increasing penetration of electric vehicle sales
The main source of power for electric vehicles is lithium-ion batteries. The rising adoption of electric vehicles owing to the increasing awareness regarding the environmental impact of non-electric vehicles is expected to boost the market growth. The sales of electric vehicles are rapidly rising owing to their high popularity as they have very fewer maintenance costs as compared to their counterparts and they are also energy savings. Due to these factors, electric vehicles are considered the future of the automobile industry, hence also boosting the demand for lithium-ion batteries.
Increasing adoption of consumer electronics
Lithium-ion batteries are used in consumer electronics, such as smartphones, digital cameras, and power tools, among others. Since the demand for high battery power for the wireless device is continuously increasing; the demand for lithium-ion batteries is also rapidly increasing. Other examples of consumer electronics, using lithium-ion batteries include, wearable devices, laptops, tablets, computers, TVs, VR & AR devices, and gaming consoles, among others. Rising demand for all these devices is expected to fuel market growth.
Segments Overview:
The global lithium-ion battery market is segmented into type, power capacity, application, and form/design.
By Type,
Lithium Nickel Magnesium Cobalt (LI-NMC)
Lithium Ferro Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Titanate Oxide (LTO)
Lithium Manganese Oxide (LMO)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
The lithium nickel magnesium cobalt (LI-NMC) segment is anticipated to hold the largest market share and is also expected to grow at the fastest CAGR of 36% owing to its growing adoption in electric bikes, power tools, and other such electric tools. The lithium manganese oxide (LMO) is estimated to grow at a CAGR of 19.8%.
By Power Capacity,
0-300 mAH
3,000-10,000 mAH
10,000-60,000 mAH
More than 60,000 mAH
The 3,000-10,000 mAH segment is expected to grow at the fastest rate and is anticipated to surpass USD 60,500 million by 2024. The more than 60,000 mAH segment is estimated to grow at a CAGR of 18.7% during the forecast period.
By Application,
Consumer Electronics OEMs
o Smartphones
o Laptops
o UPS Systems
o Smart Cameras
o Smart Watches
o Smart Glasses
o Smart Textiles
o Others
Automotive OEMs
o Hybrid Electric Vehicles (HEVs)
o Battery Electric Vehicles (BEVs)
o Others (Service Stations/Dealers)
Energy Storage
o Commercial
o Industrial
o Residential
o Utilities
Industrial OEMs
o Military
o Industrial Equipment
o Medical
o Marine
o Telecommunication
o Mining
o Forklifts
o Others
Other OEMs
Aftermarket
The automotive OEMs segment is anticipated to grow at the largest share of about 60% owing to the rising applications of lithium-ion batteries in battery-driven vehicles. Amongst the automotive OEMs, the hybrid electric vehicles segment is expected to grow at a CAGR of 24.8%.
By Form/Design,
Pouch
Cylindrical
Elliptical
Prismatic
Custom Design
The cylindrical segment is anticipated to hold the largest market share owing to the high demand for cylindrical-shaped lithium-ion batteries. The prismatic segment is expected to grow at the fastest growth rate over the forecast period.
Regional Overview
By region, the global lithium-ion battery market is divided into Europe, North America, Asia Pacific, Middle East & Africa, and South America.
The Asia Pacific region is expected to hold the largest market share owing to the presence of nations, such as China and Japan. These are the second and third largest electric vehicles market globally. Furthermore, Asia Pacific is one of the largest smartphone manufacturers, globally, which is also expected to contribute to the market growth.
The European region is anticipated to grow at the fastest growing rate of 24.7% owing to the rising awareness regarding lithium-ion batteries. Furthermore, increasing demand for consumer electronics. The North American region is also anticipated to grow at a considerable rate.
Competitive Landscape
Key players operating in the global lithium-ion battery market include BYD Company, LG Chem, Panasonic Corporation, Samsung SDI, BAK Group, Hitachi Corporation, Johnson Controls, Toshiba Corporation, Raja Groups, Tata Chemicals, TDK Electronics AG, Sony Corporation, Murata Manufacturing Co., Ltd., Amperex Technology Limited, LITEC Co., Ltd, GS Yuasa International Ltd, and Automotive Energy Supply Corporation, among others.
Major 6 players in the market hold approximately 64% of the market share. These market players are investing in product launches, collaborations, mergers & acquisitions, and expansions to create a competitive edge in the market. For instance, in July 2021, BYD UK partnered with Alexander Dennis Limited to extend their electric vehicle partnership and sign an agreement with the National Transport Authority of Ireland for delivering 200 BYD ADL Enviro200EV zero-emission battery-operated electric busses. The delivery is expected to commence by 2022.
The global lithium-ion battery market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Lithium-ion battery market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Pricing Analysis: Pricing analysis of various metals and other components used in the manufacturing of lithium-ion batteries
Manufacturing Cost Analysis: Cost-share of various components in LiB, cost analysis of EV LiB, Cost Analysis of Consumer Grade LiB, Unit Cost Analysis of EV Battery Pack, Cell Component Cost Analysis – EV LiB Battery, Cell Component Cost Analysis – LiB Battery
The global Lithium-ion battery market report answers questions such as:
What is the market size and forecast of the Global Lithium-ion battery Market?
What are the inhibiting factors and impact of COVID-19 on the Global Lithium-ion battery Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Lithium-ion battery Market?
What is the competitive strategic window for opportunities in the Global Lithium-ion battery Market?
What are the technology trends and regulatory frameworks in the Global Lithium-ion battery Market?
What is the market share of the leading players in the Global Lithium-ion battery Market?
What modes and strategic moves are considered favorable for entering the Global Lithium-ion battery Market?
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
Impact of COVID-19 on the Global Market
The research report compiled by Report Ocean offers the study of market opportunities and market impact that are created due to the COVID-19 pandemic. The detailed research report is focused upon all direct and indirect impact of COVID-19 with new product launches, pipeline analysis, supply chain overview, government regulations, strategies adopted by related market players and upcoming vaccines and drug status. Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.(*If you have any special requirements, please let us know and we will offer you the report as you want.)
Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the: Existing market infrastructures, Market challenges and opportunities, Potential for growth in certain industries in the coming years, End-consumer target groups and their potential volumes of operation, Best regions and segments to target , Pros and cons of various promotion models, Touch points and an opportunity breakdown within the value chain, Market size and growth rate during forecast period., Key factors driving the Market., Key market trends cracking up the growth of the Market., Challenges to market growth., Key vendors of Market., Detailed SWOT analysis., Opportunities and threats faces by the existing vendors in Global Market., Trending factors influencing the market in the geographical regions., Strategic initiatives focusing the leading vendors., PEST analysis of the market in the five major regions.
The Global Lithium-Ion Battery Market report provides the meticulously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key Points Covered in Lithium-Ion Battery Market Report: Study Explore COVID 19 Outbreak Impact Analysis
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Lithium-Ion Battery market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Lithium-Ion Battery Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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