Industry Background:
The lithium-ion battery is an advanced battery technology, which uses lithium-ion as a key component. Lithium-ion batteries can use several different materials as an electrode. These batteries meet the needs of a wide range of devices. It has a strong opportunity due to an increase in electric vehicles (EV), backup base stations for mobile telephones, electricity storage systems with solar power generation, and various other industrial uses. The market has increased rapidly. The most significant increase is found in the automotive industry where the advances in battery technology have propelled the rapid adoption of electric cars and buses. In 2018 the cumulative number of electric cars in the world has already exceeded 4 million2 and many estimates point at a global market share of 20 percent for the electric car in 2025.
According to AMA Research, the market for Lithium-Ion Battery is expected to register a CAGR of 19.1% during the forecast period to 2030. This growth is primarily driven by Increase in Carbon Emissions
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | Million Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Energy & Resources sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Automotive Energy Supply Corporation (Asia Pacific), Panasonic Corporation (Japan), Eaton (Ireland), Samsung SDI Co. Ltd. (South Korea), LG Chem Power (LGCPI) (Korea), BYD Company Ltd. (China), A123 Systems, LLC. (United States), Toshiba Corporation (Japan), Hitachi Chemical Co., Ltd. (Japan), China BAK Battery Co. Ltd. (China), GS Yuasa International Ltd (Japan) and Tesla (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2024, Indian Oil Corporation and Panasonic India have entered into a Memorandum of Understanding (MoU) to explore the potential establishment of a joint venture dedicated to advanced cell manufacturing for Lithium-ion batteries.
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.The Global Lithium Ion Battery Market Is Highly Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Client Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability.
Influencing Trend:
High Nickelization of Cathode Materials and Solid-State Batteries
Market Growth Drivers:
Increase in Carbon Emissions, Automobile Industry Shifted To Electric Vehicles and Encouraging Government Regulations to Utilize Batteries In Order To Reduce Pollution
Challenges:
Requires Protection Circuit to Maintain Voltage and Current within Safe Limits, Transportation Restrictions - Shipment Of Larger Quantities May Be Subject To Regulatory Control. This Restriction Does Not Apply To Personal Carry-On Batteries and Expensive To Manufacture - About 40 Percent Higher In Cost than Nickel-Cadmium
Opportunities:
It Has Strong Opportunity Due To Its Capabilities Such As Flexible Form Factors, Lightweight, Improved Safety
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Lithium-Ion Battery Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Lithium-Ion Battery Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Lithium-Ion Battery players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Lithium-Ion Battery Study Sheds Light on
The Lithium-Ion Battery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lithium-Ion Battery industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lithium-Ion Battery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.