Lithium Ion battery is an energy storage device capable of charging and
discharging. In comparison to traditional battery technologies, they are
capable of providing significantly high performance. Consequently, lithium Ion
battery is being increasingly used as a power supply source for consumer
electronics as well as for hybrid and electric vehicles. Reviving global
economic conditions, rising disposable income, growing levels of pollution and
surging demand for quality & uninterrupted power are few of the major
factors anticipated to boost demand for lithium Ion battery during 2016 - 2021.
Moreover, increasing portable and stationary energy storage demand and
escalating number of solar & wind projects are some other factors expected
to impart growth in lithium Ion battery market over the next five years.
Globally, demand for energy registered a y-o-y growth of 2.3% in 2014.
Moreover, the energy demand is expected to increase from 12928.4 Million Ton
Oil Equivalent (MTOE) in 2014 to 17,000 MTOE by 2020. Consequently, adoption of
lithium Ion battery is expected to witness robust growth due to its various
advantages such as cost efficiency, high energy density, high response time,
better safety and long life cycle.
According to “Global Lithium Ion
Battery Market By Type, By End User, By Region, Competition Forecast and Opportunities,
2011 – 2021”, the global lithium Ion battery market is projected to grow at a CAGR
of over 17% during 2016 - 2021. On the basis of material used as the cathode,
global lithium Ion battery market has been segmented into five categories,
Lithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate, Lithium Cobalt
Oxide, Lithium Titanate Oxide and Others. Among these categories, Lithium
Nickel Manganese Cobalt (Li-NMC) dominated the global lithium Ion battery
market in 2015. The segment is anticipated to maintain its dominance over the
next five years as well owing to surging demand for Li-NMC batteries in
automobile industry. In 2015, Asia-Pacific dominated the global lithium Ion
battery market, followed by North America, Europe, Middle East & Africa and
South America. “Global Lithium Ion Battery Market By Type, By End User, By Region,
Competition Forecast and Opportunities, 2011 – 2021” discusses the following aspects of the global lithium Ion
battery market:
·
Global Lithium Ion Battery Market Size, Share & Forecast
·
Segmental
Analysis – By Type (Lithium
Nickel Manganese Cobalt (Li-NMC), Lithium Iron Phosphate (Li-IP), Lithium
Cobalt Oxide (Li-CO), Lithium Titanate Oxide (Li-TO) and Others), and By End
User (Consumer Electronics, Transportation, Power Backup and Others)
·
Regional Analysis - North America, Europe, Asia-Pacific, Middle East
& Africa and South America
·
Changing
Market Trends & Emerging Opportunities
·
Competitive
Landscape & Strategic Recommendations
Why You Should Buy This Report?
·
To gain an in-depth understanding of global lithium Ion
battery market
·
To identify the on-going trends and anticipated growth in the next five
years
·
To help industry consultants, lithium Ion battery manufacturers
and other stakeholders align their market-centric strategies
·
To obtain research based business decisions and add weight to
presentations and marketing material
·
To gain competitive knowledge of leading market players
·
To avail 10% customization in the report without any extra charges and
get research data or trends added in the report as per the buyer’s specific
needs
Report Methodology
The information contained in this report is based
upon both primary and secondary research. Primary research included interaction
with lithium Ion battery manufacturers, distributors and industry
experts. Secondary research included an exhaustive search
of relevant publications like company annual reports, financial reports and
proprietary databases.