Global Lithium-Ion Battery Market is Forecasted to Value Over USD 93 Billion by 2026 End

  • 02 Jul 2019

The global lithium-ion battery market is forecasted to value over USD 93 Billion by 2026 end and register a CAGR of over 16% from 2019 to 2026.
Lithium-ion (Li-ion) are high-energy density rechargeable batteries. They are of light weight and are of small size and are vastly used in portable equipment.

On basis of type, the market is segmented into Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Nickel Cobalt Aluminium Oxide (NCA), and Lithium Manganese Oxide (LMO).  
LI-NMC is expected to stimulate the growth of the market in the coming years. LI-NMC offer good stability and has good discharge and charge cycle. Their energy density is high because of the utilization of a high ratio of cobalt and nickel-manganese. It's vastly used in laptops, electrical storage systems, tablets, mobile phones and automotive. LI-NMC are expected to replace LCO and NCA and because of its lightweight, it's expected to be in excess demand of consumer electronics and automotive industries.

Based on the power capacity, the market is segmented into 0 to 3000 mAh, 3000 mAh to 10,000 mAh, and 10000 mAh to 60000 mAh. 3000 mAH to 10,000 mAH power capacity Li-ion batteries are expected to drive the growth of the market in the coming years. The rapid increase in consumer electronics alongside the rise in electric vehicles is expected to complement the growth of the market. 

The industry segment of the lithium-ion battery market is classified into consumer electronics, automotive, medical, marine, commercial aircraft, aerospace, and defense. Advancements in the automotive industry in the form of electric vehicles alongside increasing demand for smartphones in consumer electronics are fuelling the growth of the market. Consumer electronics is expected to dominate the market in the forecast period. Government policies are complementing the demand for Li-ion battery and driving the growth of the market as well. Since they are lightweight and efficient, it’s vastly used in medical and defense industries as well. 

Government’s favourable incentives like net metering have resulted in more deployment of rooftop solar PV systems which has fueled the growth of the market. Enormous investment in Li-ion batteries is reducing the cost and developments in the form of better designing is stimulating the growth of the market.

In terms of region, North America controls a vast share of the market. The expansion of the automotive industry is the key reason behind the growth of the market in the region. Asia-Pacific region is expected to dominate the market in the coming years. Emerging economies like India and China are witnessing surge increase in the consumer electronics and automotive industry. China is witnessing a rapid increase in demand for electric vehicles. It’s a global automotive manufacturing hub and is witnessed to see immense growth of the market in the coming years. 

Some of the established players of the market are Lithium Werks, Sila Nanotechnologies, VARTA Storage, Toshiba, BAK Group, Panasonic, Hitachi, Saft Group, and Samsung.

Lithium-Ion Battery Market Segmentation:
By Type

•    NCA
•    LMO
•    LTO
•    Li-NMC
•    LFP

By Power Capacity
•    0-3000 mAh
•    3000-10000 mAh
•    10000-60000 mAh

By Industry
•    Automotive
•    Consumer
•    Electronics
•    Industrial 
•    Medical

By Region: 
•    Europe  
•    North America  
•    APAC  
•    Latin America 
•    Rest of World  

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants   

FutureWise Takeaways: 
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data points affecting market growth  

Objectives of the Study: 
•    To provide with an exhaustive analysis on lithium-ion battery market based on the type, power capacity, end users and region 
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and the overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies  


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