Market Overview:
Li-ion batteries have been deployed in a wide range of energy-storage applications, ranging from energy-type batteries of a few kilowatt-hours in residential systems with rooftop photovoltaic arrays to multi-megawatt containerized batteries for the provision of grid ancillary services. Lithium ion (Li-ion) batteries have accounted for an increasing percentage of stationary energy storage deployments in recent years. Increased Demand for High-quality Industrial in the Energy and Power is driving the Growth. Surge of Interest in Energy Storage has Propelled Lithium-ion Batteries (LiBs) to a Prominent Place in the Transformation. Due to a combination of low cost, energy density, efficiency, and safety, the technology has emerged as the go-to choice for most stationary energy storage system developers
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SAFT (France), LG Chem (South Korea), Samsung SDI (South Korea), Toshiba (Japan), Sony (Japan), Panasonic (Japan), Lishen (China), BYD (China), Kokam (South Korea) and Hitachi (Japan) |
CAGR | % |
Influencing Trend:
Increasing Demand from Grid Storage Applications, and Actual Growth Rates of Portable Electronics and Increased Focus on the Development of High Efficiency Li-Ion Grid Storage
Market Growth Drivers:
Increased Demand for High-quality Industrial in the Energy and Power is Driving the Growth and Surge of Interest in Energy Storage has Propelled Lithium-ion Batteries to a Prominent Place in the Transformation
Challenges:
Challenge to the Power Network During Energy Generation, Transmission, and Distribution
The key Manufacturers profiled in the report are SAFT (France), LG Chem (South Korea), Samsung SDI (South Korea), Toshiba (Japan), Sony (Japan), Panasonic (Japan), Lishen (China), BYD (China), Kokam (South Korea) and Hitachi (Japan).
Market Development Activities
On 14th July 2021, Hitachi, Ltd. announced that it has completed the acquisition of GlobalLogic Inc. Hitachi Global Digital Holdings LLC (“HGDH”), a U.S. subsidiary of Hitachi, has acquired 100% of the outstanding shares of GlobalLogic Worldwide Holdings, Inc. the parent company of GlobalLogic, and GlobalLogic Worldwide Holdings and GlobalLogic have become wholly owned subsidiaries of HGDH.
On 10th Dec 2020, Saft is launching the Saft Urja brand as the new name for its products manufactured and sold from its subsidiary in India. Adding to its existing product portfolio, Saft India is further gearing up to introduce new products for maintenance-free industrial applications and off-grid solar applications, showing its commitment to sustainability through innovative approaches and reliable renewable energy
Key Target Audience
Li-Ion Grid Storage Manufacturers, Li-Ion Grid Storage Raw Material Suppliers, Regulatory & Government Bodies and Government