Lithium Ion Battery Market

The lithium-ion battery refers to a family of batteries that includes the lithium polymer, lithium metal ion, lithium iron phosphate, lithium cobalt oxide, lithium selenide, lithium zinc battery, lithium metal hydride, lithium iron sulfate, lithium carbonate, lithium polymer, and lithium metal trioxide. A lithium-ion battery utilizes electrically bonded lithium atoms to form a series of lithium metal ions. A lithium ion is one of three different types of lithium metal that are used in many different types of electronic devices. These batteries have the ability to store large amounts of energy, have high voltages, and can be discharged quickly, which makes them very useful for use in numerous applications. These include everything from laptop and notebook batteries to automobile and golf cart batteries.

Market Dynamics:

Increasing penetration of electric vehicle is a prime factor driving growth of the lithium-ion battery market. According to the International Energy Agency, sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 – already a record year – to boost the stock to 7.2 million electric cars. Also, growing demand for consumer electronic product is again fostering growth of the market.

However, high cost of the battery is expected to hinder growth of the market.

Key features of the study:

• This report provides in-depth analysis of the lithium-ion battery market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global lithium-ion battery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Sony, LLC, Automotive Energy Supply Corporation (AESC), China BAK Battery, Inc, GS Yuasa Corporation, Hitachi Chemical Co. Ltd., Johnson Controls, Inc., LG Chem Power, Inc., Panasonic Corporation, Samsung SDI Co. Ltd., and Toshiba Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global lithium-ion battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lithium-ion battery market

Detailed Segmentation:

• Global Lithium-Ion Battery Market, By Type:
  • Cathode
  • Anode
  • Electrolytic solution
  • Others (Separator, binder, etc.)
• Global Lithium-Ion Battery Market, By Application:
  • Automotive
  • Industrial
  • Consumer electronics and products
  • Others (Energy, Medical and Military)
• Global Lithium-Ion Battery Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
• • Sony, LLC*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Automotive Energy Supply Corporation (AESC)
  • China BAK Battery, Inc
  • GS Yuasa Corporation
  • Hitachi Chemical Co. Ltd.
  • Johnson Controls, Inc.
  • LG Chem Power, Inc.
  • Panasonic Corporation
  • Samsung SDI Co. Ltd.
  • Toshiba Corporation

*Browse all the market data tables and figures on “Global Lithium-Ion Battery Market- Forecast to 2028”