Press Releases

The global Lithium Ion Battery market is anticipated to grow at a 12.8% CAGR during the forecast period. The increased demand for lithium ion batteries in renewable energy storage systems and surge in demand for electric vehicles and hybrid vehicles will propel the growth of the lithium ion battery market. Furthermore, strong development in the consumer electronic sector in developing countries, mounting market demand for automation and battery-operated material handling equipment in industries, and implementation of strict government regulations to control pollution levels will escalate the growth of the lithium ion battery market. Based on their power ratings, lithium ion batteries provide power to a wide range of commercial, residential, and industrial applications. To diversify their revenue streams, manufacturers are boosting the output capacity of battery packs and energy storage devices.

It is frequently utilised in the automobile industry to build electric vehicles, as well as in the consumer electronics market to produce smartphones and other smart devices, in part due to its small size. Because of its high power capacity, it's ideal for industrial applications like power tools. Due to the emergence of the COVID-19 outbreak, many enterprises are shifting to cloud computing, which will enhance the implementation of SDN solutions among cloud service providers, which is beneficial for the industry.

In February 2022, Panasonic Corporation announced that its Energy Company will establish a manufacturing facility at its Wakayama Factory in western Japan to produce new "4680" lithium-ion batteries for electric vehicles (EVs) in order to expand its business globally.

The COVID-19 outbreak had just a modest influence on the lithium-ion battery industry. The majority of battery components are made in Asia Pacific. The COVID-19 scenario has revealed the region's overdependence on critical raw supplies, particularly from China. The shutdown of operations in China and other Asia Pacific countries has had a significant impact on battery makers in the United States, Germany, and Australia. The amount of government assistance, as well as the amount of corporate debt and how businesses and markets manage with lower demand, all have a role in the recovery. Following a period of recovery, the market is expected to rise at a modest pace during the forecast period.

Lithium-ion battery manufacturers are catering to on-demand delivery of products and services to satisfy unique client requirements during COVID-19 crisis.

Browse 55 market data Tables and 35 Figures spread through 200 Pages and in-depth TOC on " Lithium Ion Battery Market by Type (Lithium Nickel Manganese Cobalt, Lithium Titanate Oxide, Lithium Manganese Oxide, Lithium Cobalt Oxide, Lithium Iron Phosphate, and Lithium Nickel Cobalt Aluminum Oxide), by Power Capacity (0 to 3,000 mAh, 3,000 mAh to 10,000 mAh, 10,000 mAh to 60,000 mAh and More than 60,000 mAh ), by End User (Consumer Electronics, Automotive, Industrial, Power, Medical, Aerospace And Defense, And Marine), and Region - Global Forecast to 2028"

By end-user, the consumer electronics is anticipated to have significant growth during the forecast period in Lithium Ion Battery Market.

Lithium-ion batteries currently have a significant market share in consumer electronics' owing to its portability and long operational life. The encapsulation of a significant amount of energy into a small space and weight of a wearable's tiny pocket will rely on a lithium-ion battery in the near future. Consumer electronics is expected to have a robust uptake of lithium-ion batteries in the search of new inventions.

Global Lithium Ion Battery Market Segmentation Analysis

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“Asia-Pacific is anticipated to have the largest market share in the Lithium Ion Battery market during the forecast period.”

Asia-Pacific is anticipated to contribute the largest market share during the forecast period as China might lead in the adoption of lithium ion batteries to control pollution. Moreover, China is emphasizing in adopting hybrid vehicles with pure electric drives, thereby propelling the market demand for lithium ion batteries.

Some of the major players in the global Lithium Ion Battery industry include BAK Group, Panasonic Corporation, BYD Company Ltd., Saft Groupe SA, GS Yuasa Corporation, LG Chem, Ltd., Johnson Controls Inc., Samsung SDI Co., Ltd., Lithium Werks, Hitachi Ltd., Toshiba Corporation and Valence Technology, Inc.

Scope of the Report

Global Lithium Ion Battery Market Coverage

Type Insight and Forecast 2016-2028

• Lithium Nickel Manganese Cobalt (Li-NMC)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO),
• Lithium Cobalt Oxide (LCO)
• Lithium Iron Phosphate (LFP)
• Lithium Nickel Cobalt Aluminum Oxide (NCA)

Power Capacity Insight and Forecast 2016-2028

• 0 to 3,000 mAh
• 3,000 mAh to 10,000 mAh
• 10,000 mAh to 60,000 mAh
• More than 60,000 mAh

End-User Insight and Forecast 2016-2028

• Consumer Electronics
  • Smartphones
  • Laptops
  • UPS
  • Others
• Automotive
  • Battery Electric Vehicles
  • Plug-In Hybrid Electric Vehicles
• Industrial
  • Construction Equipment
  • Mining Equipment
• Power
• Medical
• Aerospace and Defense
• Marine

Geographical Segmentation

Lithium Ion Battery Market by Region

North America

• By Type
• By Power Capacity
• By End User
• By Country – U.S., Canada, and Mexico

Europe

• By Type
• By Power Capacity
• By End User
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Type
• By Power Capacity
• By End User
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Type
• By Power Capacity
• By End User
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries