LiCoO2 Battery Market Scope
LiCoO2 is a type of lithium-ion battery, it consists of a cobalt oxide cathode and a graphite carbon anode. The cathode has a layered structure and during discharge, lithium ions move from the anode to the cathode. The flow reverses on the charge. Furthermore, these batteries are used extensively in portable electronics, this chemistry has good performance and relatively safe. Its high specific energy makes Li-cobalt the popular choice for mobile phones, laptops, and digital cameras.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Panasonic (Sanyo) (Japan), Samsung SDI (South Korea), LG Chem (South Korea), Sony (Japan), Wanxiang Group (A123) (China), Hitachi (Japan), Tianjin Lishen (China), Hefei Guoxuan (China), OptimumNano (China) and DLG Electronics (United Kingdom) |
CAGR | 21.7% |
Research Analyst at AMA estimates that Chinese and Japanese Manufacturers will contribute to the maximum growth of Global LiCoO2 Battery market throughout the predicted period.
Panasonic (Sanyo) (Japan), Samsung SDI (South Korea), LG Chem (South Korea), Sony (Japan), Wanxiang Group (A123) (China), Hitachi (Japan), Tianjin Lishen (China), Hefei Guoxuan (China), OptimumNano (China) and DLG Electronics (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Zhuoneng New Energy (China), CHAM BATTERY (China) and Padre Electronic (China).
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.
Segmentation Overview
The study have segmented the market of Global LiCoO2 Battery market by Type , by Application (Power Banks, Laptop Battery Packs, Electric Vehicles, Flashlights, Cordless Power Tools and Others) and Region with country level break-up.
On the basis of geography, the market of LiCoO2 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2022,Panasonic announced in October that it would build a new battery factory in De Soto, Kansas. Construction started in November, and the company plans to reach mass production by March 2025.
In September . 2018, Panasonic Corporation succeeded in regionally fixed quantitative visualization of the two-dimensional distribution of the lithium ions (hereafter "Li-ions") in the LiCoO2 cathode for the first time in the world by charging and discharging the all-solid-state lithium-ion battery in the scanning transmission electron microscope (STEM) (*1) and by using the electron energy-loss spectroscopy (EELS) (*2) and the advanced image analysis techniques (multivariate analysis techniques) in collaboration with Japan Fine Ceramics Center and Nagoya University.
Influencing Trend:
Mostly Using For Consumer Electronics
Market Growth Drivers:
The Growing Need for Energy Storage and The Increasing e-bikes, Electrification of Tools, and Other Battery Applications
Challenges:
Limited Application for xEVs
Restraints:
Rising Commodity Prices on Battery Production Costs
Opportunities:
Supportive Government Regulations Owing to Easy Recycling of LiCoO2 and Technological Advancements in LiCoO2 Batteries
Key Target Audience
LiCoO2 Battery Manufacturers, LiCoO2 Battery Traders/Distributors, LiCoO2 Battery Importer/Exporter, Regulatory & Government Bodies, Industry Associations, Downstream Vendors, End Users and Others