About Lithium-ion Battery Manufacturing
Lithium-ion batteries are highly accepted batteries for various applications from consumer electronics to automotive and industrial. The batteries are made of layers of porous electrodes on aluminum and copper current collector foils and include raw materials like lithium, graphite, cobalt, and manganese. Lithium-ion batteries are becoming more popular for automotive applications as it offers high power density, easy maintenance, and lightweight, which helps to reduce the weight of EVs and increase speed. The evolution of EVs in India will create noteworthy growth as more and more automobile companies are proclaiming lithium-ion batteries as the future of automobile energy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 18.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Lithium-ion Battery Manufacturing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Panasonic (Japan), BYD (China), Eaton Corporation (Ireland), LG Corp (South Korea), Samsung SDI (South Korea), Hyundai Motor Company (South Korea), EXIDE INDUSTRIES LTD. (India), Siemens (Germany), Schneider Electric (France), Duracell Inc. (United States), A123 Systems (United States), Nissan (Japan), CATL (China), Saft (TotalEnergies) (France) and Toyota (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Lithium-ion Battery Manufacturing market by Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate (LFP), Lithium Nickel Manganese Cobalt Oxide (NMC), Lithium Nickel Cobalt Aluminum Oxide, Lithium Titanate and Lithium Iron Phosphate (LFP)) and Region.
On the basis of geography, the market of Lithium-ion Battery Manufacturing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Material, the sub-segment i.e. Anodes will boost the Lithium-ion Battery Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive will boost the Lithium-ion Battery Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus on the Innovation and Technological Advancements of Lithium Batteries and The Development of High-Performance Lithium-Ion Batteries by the Manufacturers to Meet the Increased Demand for Long-Range EVs
Market Growth Drivers:
Surging Demand of Lithium-Ion Battery in the Renewable Energy Plants, Growing Demand of EVs Across the Globe Due to Increasing Carbon Emission Across the Globe and Growing Popularity of Cathode and Anode Specific Lithium-Ion Batteries in the Automotive Sector
Challenges:
The Battery is Sensitive to High Temperature and Cannot be Recharged If Completely Discharged
Restraints:
High Manufacturing Cost of Lithium-Ion Batteries Compared to Others May Hamper the Growth
Opportunities:
Increasing Installation of Renewable Energy Plants in the Developing Economies like China and India and Government Initiatives towards the Adoption of Batteries in Order to Power Green Revolution
Market Leaders and their expansionary development strategies
In March 2022, Reliance acquired cobalt-free lithium battery technology company Lithium Werks as it builds technology and material for setting up end-to-end battery manufacturing. Lithium Werks is a leading cobalt-free lithium battery technology and manufacturing company that has its operation in the US, Europe, and China. Its battery is used for various applications including industrial, marine, energy storage, medical, commercial transportations, and others.
In February 2021, Barrel Energy, the U.S.-based li-ion battery producer, and Hyderabad-based Roshan Energy Technologies linked a memorandum of understanding to build and develop lithium-ion batteries in India and the North American region.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Lithium-Ion Battery Manufacturers, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.