Covina, United States: Global Lithium Ion Battery Market, By Material type (Cathode, Anode, Binders, Foils, Electrolytic solution, and Separators), By Power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, and 10000mAh to 60000mAh), By Industry (Consumer Electronics, Automotive, Medical, and Industrial), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast Till 2029
Lithium Ion battery Market Outlook
- Market Value 2020: US$ 32.1 Bn
- Market Value Estimation 2030: US$ 115.6 Bn
- CAGR: 12.5 %
Unlike non-rechargeable lithium batteries, which employ metallic lithium, Lithium ion batteries use an intercalated lithium compound as one of the electrode materials. Because of their great energy density, little memory effect, and minimal self-discharge, lithium ion batteries are the driving force behind the digital electronic revolution. Increasing demand for smartphones and other electronics products, as well as an increase in the number of electric vehicles, are some of the key factors boosting the growth of the global lithium-ion battery market. Additionally, it is projected that tough government regulations to lower rising pollution levels will boost market expansion. But market growth is anticipated to be constrained by lithium-ion batteries’ high price.
Top News relating to Industry, Innovation:
- In 2021- Indian Institute of Technology Hyderabad (IITH), has developed a 5V Dual Carbon Battery utilising self-standing carbon fibre mats for both electrodes i.e. cathode and anode.
- In 2021- A joint development agreement has been reached between Toshiba Corporation, Sojitz Corporation, and CBMM for the commercialization of next-generation lithium-ion batteries employing niobium titanium oxide (NTO) as the anode material.
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Key Segmentation of the Lithium Ion battery market:
The global lithium ion battery market accounted for US$ 32.1 billion in 2020 and is estimated to be US$ 115.6 billion by 2029 and is anticipated to register a CAGR of 12.5%. The global lithium ion battery market has been segmented on the basis of material type, power capacity, industry, and region.
- By material, the lithium ion battery Market is segmented into Cathode, Anode, Binders, Foils, Electrolytic solution, and Separators
- By Power Capacity, the market is segmented in (0 to 3000mAh, 3000mAh to 10000mAh, and 10000mAh to 60000mAh
- By Industry, the Global lithium ion battery Market is segmented into Consumer Electronics, Automotive, Medical, and Industrial
- By region, the Global lithium ion battery Market is segmented North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific is expected to account major market share in terms of revenue as compared to that of other regions.
The Lithium Ion battery Market Report mentions the following promising regions:
- North America – U.S., Canada
- Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America – Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
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Top-tier significant players:
The prominent player operating in the global Lithium Ion battery market includes Automotive Energy Supply Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Power (LGCPI), LITEC Co., Ltd., A123 Systems, LLC., Toshiba Corporation, Hitachi Chemical Co., Ltd., China BAK Battery Co. Ltd., and GS Yuasa International Ltd.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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