The new report by Expert Market Research titled, ‘Global Lithium-Ion Battery Market Size, Price, Trends, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global lithium-ion battery market, assessing the market based on its segments like product types, power capacity, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2015-2025)
The increasing Internet penetration, as well as the purchasing power of consumers, in particular in emerging markets, has led to increased sales of mobile electronic devices like handheld devices and laptops. Consumers’ increasing understanding of reduced greenhouse gas emissions combined with the use of electric vehicles is encouraging them to switch from conventional to electric cars, which is positively influencing the lithium-ion battery market. Furthermore, the rising variations in electricity demand and supply have further increased lithium-ion battery demand in energy storage systems. Strict government requirements for an atmosphere that is pollution-free will also have a beneficial impact on the market growth of lithium-ion batteries.
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Industry Definition and Major Segments
Lithium-ion battery (LIB) refers to a high-energy rechargeable battery. A lithium-ion battery includes three components: anode, cathode, and electrolyte. These batteries are comparably lightweight, require low maintainability, and a lower rate of self-discharge than nickel-cadmium batteries as compared to other rechargeable variants of the same size.
Based on product types, the global lithium-ion battery market can be divided into:
The market can be broadly segmented by its power capacity into:
On the basis of applications, the market is divided into:
By regions, the market is segmented into:
The penetration of lithium-ion batteries is rising due to the expansion of industrial infrastructure, improved economic efficiency of deployment of energy storage, and the need to increase grid reliability for power supplies. While the overall installed capacity is dominated by hydro-pumped storage, battery-based electricity storage systems develop quickly, reduce costs, and improve performance. Governments have encouraged the installation of rooftop solar PV systems. The use of solar home systems, solar-powered solar lamps, recharge products, as well as mini solar photovoltaic networks based on lithium-ion batteries has increased in Asia-Pacific and Africa. Huge investments, mainly in lithium-ion packs, while project developers are continually improving the design and construction of custom storage systems, are projected to support the battery-based storage systems. These factors are expected to positively influence the global lithium-ion market in the coming years.
Key Market Players
The major players in the market are A123 Systems LLC, LG Chem (KRX: 051910), Panasonic Corporation (TYO: 6752), Toshiba Corporation (TYO: 6502), Blue Energy (ASX: BLU), GS Yuasa International Ltd. (TYO: 6674), Dalian CBAK Power Battery Co., Ltd, and Hitachi Chemical Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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