Li Ion Pouch Battery Market Scope
The majority of the manufacturers like higher than 36V lithium-ion batteries as they support and power high-current applications, and have an extended life. Lithium-ion batteries with this voltage vary are the foremost demanded and used as they're equipped with high capability and unmatched capabilities. These batteries are used in electrical vehicles, marine, power, military, telecom, etc. These batteries supply higher power, longer life, and strong safety compared to lead-acid batteries, which boosts their demand within the market. These batteries feature an integral automatic battery management system (BMS), that keeps the battery running at peak performance while preventing overcharging, overheating, and increasing cell cycle life.
According to AMA, the Global Li Ion Pouch Battery market is expected to see growth rate of 14.0%The market for the batteries is increasing due to the increasing adoption of the batteries over the standard batteries. Extensive investments in the R&D of battery production and well-established automotive sector in Germany, high adoption of electric vehicles in developed countries, and investments by governments for increasing the battery production are the key factors driving the lithium-ion battery market in this region. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Li Ion Pouch Battery market throughout the predicted period.
BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa Corporation (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (United States) and Sila Nanotechnologies (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Li Ion Pouch Battery market by Type (Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO) and Others), by Application (Consumer Electronics, Automotive, Marine, Aerospace and Defense, Medical, Industrial, Power and Telecom) and Region with country level break-up.
On the basis of geography, the market of Li Ion Pouch Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Adoption Over the Standard Batteries
Market Growth Drivers:
The Increasing Market of Consumer Electronics and Smartphones Are Driving the Need for Batteries with High Power Capacity
Challenges:
Lack Of Availability in The Developing Region
Restraints:
Expensive Price of The Battery
Opportunities:
Increase Research and Development, Initiatives By the Government to Use the Batteries and Regulations Supporting the Adoption of Ev’s
Market Leaders and their Expansionary Development Strategies
In August 2022, LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (NYSE:HMC) today announced an agreement to establish a joint venture (JV) company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North American market.
In November 2023, DESTEN has introduced the Ultra-Fast Charging, 6C LFP (Lithium Iron Phosphate) cell. The latest pouch form-factor cell from DESTEN is capable of charging from 20% to 80% SOC in 6 minutes. Owing to its LFP-based chemistry, this cell features an impressive chemical and temperature stability profile, making for the safest battery technology available to date, alongside market-leading cost efficiency.
Key Target Audience
Manufacturers of Li Ion Pouch Battery, Suppliers and distributors of Li Ion Pouch Battery, Governmental and Regulatory bodies and End-Users
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.