Global Rechargeable Lithium Battery Market Overview:
Rechargeable Lithium Batteries (Li-ion) are having high-energy density and are majorly used in portable equipment. These batteries are expected to witness significant growth by owing to an increase in use in smartphones, tablets and digital cameras. Furthermore, the raise for Li-ion batteries in the automobile industry is projected to increase with the demand for electric vehicles. These batteries have enlarged their popularity by offering alternative solutions to nickel-metal batteries that are used in electric vehicles. Rising application of electronic goods in different sector of industries is driving the market these batteries.
As per latest study released by AMA Research, the Global Rechargeable Lithium Battery market is expected to see growth rate of 20.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (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 |
Influencing Trend:
Rising Trend of Using Electronic Vehicle’s Instead for Petroleum Vehicles and Adoption Of Bring Your Own Device (BYOD) In Companies
Market Growth Drivers:
Increasing Demand of These Vehicles Which Consists of Batteries and Changing Consumer Preferences and Consumers' Growing Inclination towards These Batteries Are Expanding the Demand for Rechargeable Lithium-Ion (Li-Ion) Batteries
Challenges:
Protection Required For These Batteries from Being over Charged and Discharged Too Far and Concern Related To the Ageing of Lithium-Ion Batteries
Restraints:
Availability of Different Substitutes Present in Market and High Cost of Consumer Goods Which Contain These Batteries
Opportunities:
Growing In Popularity for Military and Aerospace Applications and Increasing High Disposable Incomes of Consumers to Afford the Product Made by These Batteries
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Panasonic (Sanyo) (United Kingdom), Sony (Japan), Nikon (Japan), Fujifilm (Japan), Samsung SDI Co. Ltd. (South Korea), Toshiba Corporation (Japan), Hitachi Chemical Co., Ltd. (Japan), Olympus (Japan), Motorola (United States) and Shenzhen Honcell Energy Co., Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Kodak (United States), Maxell (Japan) and YOK Energy (United Kingdom). Analyst at AMA Research see Global Players to retain maximum share of Global Rechargeable Lithium Battery market by 2030. Considering Market by Component Type, the sub-segment i.e. Cathode will boost the Rechargeable Lithium Battery market.
Latest Market Insights:
In April 2023, BYD unveiled its Blade Battery, a new generation of lithium iron phosphate (LFP) battery with improved safety and range. This launch aimed to offer a more affordable and safer alternative to traditional lithium-ion batteries.
What Can be Explored with the Rechargeable Lithium Battery Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Rechargeable Lithium Battery Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Rechargeable Lithium Battery
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Rechargeable Lithium Battery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Rechargeable Lithium Battery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Potential Investors, Up and Down Stream Vendors, Suppliers and Distributors, Automobiles and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.