Lithium-Ion Batteries: Worldwide Market Opportunity Forecast 2019 to 2024, Spurred by the Booming Market for Electrical Vehicles
Dublin: The “Global Lithium-Ion Battery Market By Type, By Shape, By Capacity, By Application, By Region, Competition, Forecast & Opportunities, 2024” report has been added to ResearchAndMarkets.com’s offering.
The 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.
Booming market for electrical vehicles, rapid technological advancements, and increasing demand for smart devices are some of the factors fueling growth in the 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 the 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, the 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 the 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
The 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 the 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 the global Lithium-Ion battery market.
- To forecast the global lithium-ion battery market based on type, shape, battery capacity, application and regional distribution.
- To identify drivers and challenges for the global lithium-ion battery market.
- To identify and analyze the profile of leading players operating in the global lithium-ion battery market.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Analyst View
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Satisfaction Level
4.3. Factors Considered for Purchasing
5. Global Lithium-ion Battery Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Lithium Cobalt Oxide, Lithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide & Others)
5.2.2. By Shape (Pouch Cell, Prismatic cell, Cylindrical Cell & Button Cell)
5.2.3. By Capacity (Upto 4000 mAh, 4001-15000 mAh, 15001-50000 mAh & Above 50000 mAh)
5.2.4. By Application (Consumer Electronics, Automotive & Traction, Utilities & ESS, Telecom Towers, Medical Devices, Manufacturing & Others)
5.2.5. By Region (North America, Asia-Pacific, Middle East & Africa, Europe & South America)
5.2.6. By Company
5.3. Product Mapping
5.3.1. By Country
5.3.2. By Type
6. Asia-Pacific Lithium-ion Battery Market Outlook7. North America Lithium-ion Battery Market Outlook8. Europe Lithium-ion Battery Market Outlook9. South America Lithium-ion Battery Market Outlook10. Middle East & Africa Lithium-ion Battery Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Company Profiles
13.1.1. Samsung SDI Co. Ltd.
13.1.2. LG Chem Ltd.
13.1.3. Johnson Controls International PLC
13.1.4. Tesla Inc.
13.1.5. Panasonic Corporation
13.1.6. Hitachi Ltd.
13.1.7. BYD Corporation
13.1.8. SAFT S.A.
13.1.9. GS Yuasa Corporation
13.1.10. A123 Systems LLC
14. Strategic Recommendations
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Source: marketwatch
