Global Lithium-Ion
Battery Market Overview
Global lithium-ion battery market
was valued at $ 24.5 billion and is projected to grow at a promising CAGR of 15%
to reach $ 56 by 2024 on account of increasing demand for energy-efficient,
safe and low-cost batteries. Lithium-ion battery or li-ion battery (abbreviated
as LIB) is a type of rechargeable battery in which lithium-ions move from the
negative electrode to the positive electrode during discharge and from
positive electrode to negative electrode while charging. Li-ion batteries use
an intercalated lithium compound as one electrode material, compared to the
metallic lithium used in
a non-rechargeable lithium battery.
Booming market for
electrical vehicles, rapid technological advancements, and increasing demand for
smart devices are some of the factors fueling growth in global lithium-ion
battery market. Additionally, encouraging government regulations to utilize
batteries in order to reduce pollution along with growing adoption in various
industries are further likely to propel demand for lithium-ion batteries.
However, safety concerns regarding overheating and lack of charging stations
are restricting the growth of the market.
Global Lithium-Ion Battery Market Segment Insights
In terms of type, global
lithium-ion battery market is categorized into lithium cobalt oxide, lithium
nickel manganese cobalt oxide, lithium manganese oxide, lithium iron phosphate
and others. Among these, lithium cobalt oxide accounts for the largest share in
the market, on the back of its superior properties over other lithium-ion battery
types, such as low rate of self-discharge, high energy density, high voltage, etc.
Global Lithium-Ion
Battery Market Regional Insights
Regionally, Asia-Pacific lithium-ion
battery market dominates global lithium-ion battery market, owing to the
booming consumer electronics industry and its instantaneous adoption of lithium-ion
batteries in the market. Moreover, increasing demand for lithium-ion from the
consumer electronics market in countries like Japan and China is bolstering the
growth of the lithium-ion battery market in the region. Moreover, the usage of lithium-ion
batteries in hybrid buses in China is further fueling growth in Asia-Pacific
lithium-ion battery market.
Global Lithium-Ion Battery Market Competitive Landscape
Global lithium-ion battery is
fragmented in nature with large number of domestic players accounting for
majority of the market share. Samsung SDI Co. Ltd. was a major player in the global
lithium-ion battery market in 2018, however its share is expected to decrease
in the next few years due to intensifying competition among the prominent
market players. Some of the other leading players operating in global
lithium-ion battery market are BYD Corporation Saft Groupe SA, Johnson Controls
International plc, Hitachi Ltd., etc.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of global
Lithium-Ion battery market.
- To forecast global lithium-ion battery market based on type, shape,
battery capacity, application and regional distribution.
- To identify drivers and challenges for global lithium-ion
battery market.
- To identify and analyze the profile of leading
players operating in the global lithium-ion battery market.
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Some of the leading players in the global lithium-ion battery
market are SAMSUNG SDI Co. Ltd., LG Chem Ltd., Johnson
Controls International Plc, Tesla Inc., Panasonic
Corporation, Hitachi Ltd., BYD
Corporation, SAFT S.A., GS Yuasa
Corporation, A123 Systems LLC,
etc.
TechSci Research performed
both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the service offerings,
distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of global lithium-ion
battery market using a top-down approach, wherein data for various application across various end-user segments
was recorded and forecast for the future years. TechSci Research sourced these values
from the industry experts and company representatives and externally validated
through analyzing historical data of these product types and applications for
getting an appropriate, overall market size. Various secondary sources such as
company websites, news articles, press releases, company annual reports,
investor presentations and financial reports were also studied by TechSci
Research.
Key Target
Audience:
- Consumer electronics manufacturers
- Lithium-ion battery
distributors and providers
- Lithium-ion battery
manufacturing companies
- Organizations, forums and
alliances related to Lithium-ion battery market
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturer and partners, end users etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global Lithium-ion
battery market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, By Type
- Lithium Cobalt Oxide
- Lithium Nickel Manganese Cobalt Oxide
- Lithium Manganese Oxide
- Lithium Iron Phosphate
- Others
- Market, By Shape
- Cylindrical Cell
- Pouch Cell
- Prismatic Cell
- Button Cell
- Market, By Capacity
- Upto 4000 mAh
- 4001 mAh to 15000 mAh
- 15001-50000 mAh
- Above 50000 mAh
- Market, By Application
- Consumer Electronics
- Medical Devices
- Utilities & ESS
- Telecom Towers
- Manufacturing
- Automotive & Traction
- Others
- Market, By Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Rest of Asia-Pacific
- Europe
- France
- Germany
- United Kingdom
- Italy
- Russia
- Rest of Europe
- North America
- United States
- Mexico
- Canada
- Rest of North America
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global lithium-ion battery market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect
sales channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com