About Li-ion Power Battery
A Li-ion battery or lithium-ion battery, a type of rechargeable battery that is commonly used for portable electronics and electric vehicles as well as gaining huge popularity in military and aerospace applications. Growing adoption of smart devices such as smartphones, tablets/PCs, digital cameras, and power tools are boosting the demand for Li-ion power battery globally. Due to its high energy density, it is highly used in electronic devices for powering longer duration. This is one of the major factors which has been proliferating in the growth of the very market globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.3% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Japanese Manufacturers will contribute the maximum growth to Global Li-ion Power Battery 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.
Samsung SDI (South Korea) , BYD Company (China), Panasonic (Japan), Sony (Japan), LG Chem (South Korea) , GS Yuasa Corp (Japan), Johnson Controls (Ireland), Saft Group (France), Hitachi (Japan), Maxell (Japan) and CALB (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sila Nanotechnologies (California), Lithium Werks (Netherlands), BAK Group (China) and EnerDel (United States).
Segmentation Overview
AMA Research has segmented the market of Global Li-ion Power Battery market by Type (Lithium Nickel Cobalt Aluminum Oxide, Lithium Cobalt Oxide (LCO), Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Manganese Oxide (LMO), Lithium Iron Phosphate (LFP) and Lithium Titanate Oxide (LTO)), Application (Mobile phones, Tablets and laptops, Cameras , Electric Powertrains and Medical Device) and Region.
On the basis of geography, the market of Li-ion Power 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, Russia, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Consumer Electronics will boost the Li-ion Power Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Usage of Li-ion Battery in Solar Home Systems
Market Growth Drivers:
Increasing Demand for Electric Vehicles in both Developed and Under Developed Countries and Growing Number of Smart Devices such as Smartphones, Tablets in Emerging Countries
Challenges:
Development of New Technologies in Market such as Compressed Energy Storage and High-Cost associated with Li-ion Battery which is Used in Industrial Vehicle
Restraints:
Safety Issues Related to Protection and Transportation of Batteries
Opportunities:
Increasing Demand LI-NMC Batteries, Due to Increase in Sale of Laptops, Mobile Phones, Tablets, and Electrical Storage Systems, High Requirement of Lithium-Ion Batteries for Various Industrial Applications and Due to High Energy Density, Rising Demand of Li-ion Power Battery in Aerospace and Defense Sector
Market Leaders and their expansionary development strategies
In April 2023, Indian Oil Corporation Ltd. (IOCL) has collaborated with Panasonic Energy to establish a joint venture aimed at producing lithium-ion cells in India. This strategic partnership comes in response to the anticipated surge in demand for electric vehicles (EVs) and energy storage solutions within the country.
In March 2024, 24M Technologies (24M) unveiled 'Liforever' a direct material recycling process for semi-solid lithium-ion batteries for electric vehicles and energy storage system batteries. The latest innovation is unique to the 24M semi-solid battery manufacturing platform and is said to reduce the environmental impact of lithium-ion batteries by enabling efficient and cost-effective recovery and reuse of battery materials
Key Target Audience
Li-ion Power Battery Manufacturer, Li-ion Power Battery Supplier/Distributors, Raw Material Suppliers, Electronic Industry, Automotive Industry and Research and Development Organisation
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.