About Advanced Lithium Ion Batteries
Advanced lithium-ion batteries are a type of rechargeable battery that is commonly used in many electronic devices such as smartphones, laptops, and electric vehicles. They are considered to be advanced because they offer higher energy density, longer cycle life, and improved safety compared to traditional lithium-ion batteries. One of the key factors that make advanced lithium-ion batteries superior is the use of advanced cathode materials such as nickel manganese cobalt oxide (NMC), nickel cobalt aluminum oxide (NCA), and lithium iron phosphate (LFP). These cathode materials offer higher energy density, longer cycle life, and improved safety compared to traditional cathode materials. Another important factor that makes advanced lithium-ion batteries better is the use of advanced electrolytes such as solid-state electrolytes, which offer improved safety and stability over traditional liquid electrolytes. Solid-state electrolytes are also more efficient at conducting lithium ions, which means they can improve the energy density of the battery.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for advanced lithium Ion batteries. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Advanced Lithium Ion Batteries 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.
Broadbit Batteries (Finland), LG Chem Ltd. (South Korea), Envision Group (Shanghai), Nano Nouvelle (Australia), Voltaiq (United States), PARC (United States), BYD Company Ltd. (China), Contemporary Amperex Technology Co. Limited (CATL) (China), GS Yuasa Corporation (Japan), Toshiba Corporation (Japan) and Saft Groupe SA (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Johnson Controls International plc (Ireland), Hitachi Chemical Co., Ltd. (Japan), A123 Systems LLC (United States), Kokam Co., Ltd. (South Korea) and Envision Group (Shanghai).
Segmentation Overview
AMA Research has segmented the market of Global Advanced Lithium Ion Batteries market by Type (Lithium Cobalt Oxide (LCO), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Iron Phosphate (LFP), Lithium Manganese Oxide (LMO) and Others), Application (Consumer Electronics, Automotive Battery, Energy Storage Systems and Industrial Battery) and Region.
On the basis of geography, the market of Advanced Lithium Ion Batteries 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 Component, the sub-segment i.e. Current Collectors will boost the Advanced Lithium Ion Batteries market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for lithium is rising exponentially due to the growing adoption of electric vehicles (EVs)
Market Growth Drivers:
Growing demand for battery storage
Challenges:
Increasing competition from other materials such as cobalt and nickel
Restraints:
Lithium-ion batteries may explode when overheated or overcharged.
Opportunities:
Development of new lithium-ion battery technologies
Market Leaders and their expansionary development strategies
In November 2020, Tesla acquired the Canadian battery manufacturing company, Hibar Systems Ltd., for an undisclosed amount. Hibar Systems specializes in high-speed battery manufacturing and has developed equipment that can produce batteries at a rate of up to 8,000 per hour.
In November 2023, DESTEN Inc., an advanced lithium-ion battery technology company, launched of the latest cell technology advancement, an Ultra-Fast Charging, 6C LFP (Lithium Iron Phosphate) cell.
Key Target Audience
Advanced Lithium Ion Batteries Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
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.