About Lithium-Ion Battery
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.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 19.1% |
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. Analyst at AMA Research estimates that Asia Pacific Manufacturers will contribute the maximum growth to Global Lithium-Ion 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.
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) 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. (United States), Saft Batteries (France) and LITEC Co., Ltd. (Korea).
Segmentation Overview
AMA Research has segmented the market of Global Lithium-Ion Battery market by Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminium Oxide, Lithium Nickel Manganese Cobalt and Lithium Titanate Oxide), Application (Electrical & Electronics, Automotive, Industrial and Others) and Region.
On the basis of geography, the market of Lithium-Ion 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, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Cathode will boost the Lithium-Ion Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Capacity, the sub-segment i.e. 0 To 3000mah will boost the Lithium-Ion Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
Market Leaders and their expansionary development strategies
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.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Lithium Ion Battery Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and 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.