The newly published report by Value Market Research the Global Lithium-Ion Battery Market is anticipated to reach USD 101.8 BN by 2025.The market was valued USD 35.0 BN (by revenue) in 2018. The study expects a high 16.5%CAGR from 2019 till 2025 for this market. The research report unveils all the information associated with the market based on the historical and current market size and the future potential of the market.
Lithium-ion (Li-ion) batteries are those rechargeable batteries which have high-energy density and are mainly used in the portable devices. These batteries are majorly used in devices like smartphones, tablets/PCs, digital cameras, and other power tools. Lithium-Ion batteries have gained popularity among automobile manufacturers as they provide an excellent alternative to nickel metal batteries used which are used in electric vehicles, owing to their small size and lightweight.
The report titled "Global Lithium Ion Battery Market Report By Type (Lithium Nickel Magnesium Cobalt (Li-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO) And Lithium Nickel Cobalt Aluminum Oxide (NCA)) By Power Capacity (0 To 3000mah, 3000mah To 10000mah, 10000mah To 60000mah And More Than 60000mah), By Vertical (Consumer Electronics, Automotive, Aerospace And Defense, Marine, Medical, Industrial And Power) And By Regions - Industry Trends, Size, Share, Growth, Estimation, And Forecast, 2018-2025" - Provides comprehensive understanding of the market with the help of various market factors which include market outlook, opportunities, trends, challenges, size and growth, competitive analysis, and major competitors in the market.
The benefit provided by Li-ion batteries is expected to raise its demand in the automobile industry for electric vehicles. The growing popularity of lithium-ion batteries in energy storing devices, like solar grids in industrial and household unit applications, is also projected to give enormous growth to the market. The report identifies the Lithium Ion Battery market to gain benefit from the rising demand for these batteries in consumer electronic gadgets. These batteries will gain huge demand in the years owing to the growing concern over the environment, rising prices of fuel along with the rising adoption of renewable power generation and electric vehicle across various developing and developed nations. Additionally, rising adoption of solar power systems and e-bikes in developed countries will also stimulate industry expansion.
The report segments the market on the basis of type, power capacity, vertical, and region. By type the market has been split into Lithium Nickel Magnesium Cobalt (Li-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO) And Lithium Nickel Cobalt Aluminum Oxide (NCA). Lithium Nickel Magnesium Cobalt (Li-NMC) is gaining huge demand owing to its numerous benefits offered they have been widely used across power tool devices, electric vehicle, and energy storage devices. By power capacity the market has been fragmented into 0 To 3000mah, 3000mah To 10000mah, 10000mah To 60000mah and more than 60000mah. 0 To 3000mah is dominating the segment owing to the wide range of application which is powered by this range of batteries such as CD players, smartphones, digital cameras, camcorders, wearable devices, and others. By vertical, the market has been classified into consumer electronics, automotive, aerospace and defense, marine, medical, industrial and power. Among which, consumer electronics is leading the segment owing to its high durability and reliabilities these batteries are widely used across a wide range of consumer electronic gadgets like smartphones, laptops, and other smart devices.
Geographically, the market assessment has been done over these regions - North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Currently, Asia-Pacific is dominating the market owing to the rising demand for smartphones and other smart devices in the region like India and China. Also, rising production of lithium-ion battery especially in China by various major players is expected to add impetus growth to the market.
The Report Segments Global Lithium-Ion Battery Market -
By Power Capacity
Players Profiled In The Report:
A123 Systems, LLC., BAK Group, BYD Co. Ltd., GS Yuasa Corporation, Hitachi, Ltd., Johnson Controls Inc., LG Chem Ltd., Panasonic Corporation, Saft Groupe S.A, Samsung SDI Co., Ltd., Toshiba Corporation and Valence Technology Inc.
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