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.