Lithium-Ion Battery Market was valued at US $ 59.86 Bn. in 2022. Global Lithium-Ion Battery Market size is estimated to grow at a CAGR of 13.1% during the forecast period.
Maximize Market Research’s new report, Lithium-Ion Battery Market 2023-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Lithium-Ion Battery market.
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Dynamics :
Increasing Use of Electric Vehicles Worldwide:
Lithium-ion batteries are the power source for electric cars. The use of lithium-ion batteries has increased due to the rising popularity of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), and this trend is anticipated to continue throughout the forecast period. Due to advantages like less frequent engine maintenance, less need for hazardous oil waste, and less pollution from internal combustion engines, along with advancements in battery technology, the number of electric vehicles is steadily rising. In 2022, global EV sales climbed by 39% year over year to 3.1 million units. According to the report, the number is expected to rise during the forecast period, with 28 million electric vehicles sold by 2029.
Growing demand of Cathode Material across the globe:
In recent years, the lithium-ion battery market has seen significant advancements in terms of component quality. Lithium-ion battery components include electrolytes, aluminum foil, copper foil, anode, and cathode. The global demand for cathode material has increased significantly, thanks to the lower raw material costs and increased demand for NCA, LFP, and LMO batteries. These lithium-ion battery modules have a wide range of applications in consumer electronics items that are in high demand. The need for cathode materials is expected to boost demand for Lithium-ion batteries during the forecast period.
Segmentation:
by Type
Li-NMC
LFP
LCO
LTO
by Application
Automotive
Marine
Aerospace and Defense
Industrial
Consumer Electronics
Others
by Material
Cathode Material
Anode Materials
by Capacity
0 to 3,000 mAh
3,000 to 10,000 mAh
10,000 to 60,000 mAh
60,000 mAh and Above
by Voltage
Low (Below 12 V)
Medium (12 V-36 V)
High (Above 36 V)
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Lithium-Ion Battery Market Key players:
It then discusses the top competitors in the worldwide Lithium-Ion Battery market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. BYD COMPANY 2. LG CHEM 3. PANASONIC CORPORATION 4. SAMSUNG SDI 5. BAK GROUP 6. GS YUASA CORPORATION 7. HITACHI 8. JOHNSON CONTROLS 9. TOSHIBA CORPORATION 10. LITHIUM WERKS 11. CATL 12. A123 Systems LLC 13. Hitachi Chemical Co., Ltd. 14. NEC Corporation, 15. Saft 16. Sony Corporation 17. Tesla Inc 18. Narada Power Source Co., Ltd. 19. Contemporary Amperex Technology Co.
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Table of Content: Lithium-Ion Battery Market
Part 01: Executive Summary
Part 02: Scope of the Lithium-Ion Battery Market Report
Part 03: Global Lithium-Ion Battery Market Landscape
Part 04: Global Lithium-Ion Battery Market Sizing
Part 05: Global Lithium-Ion Battery Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Regional Analysis:
The report has analyzed the Lithium-Ion Battery market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Lithium-Ion Battery market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Lithium-Ion Battery Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Lithium-Ion Battery Market Report are:
- Which are the major companies in the Lithium-Ion Battery market?
- Which is the potential market for Lithium-Ion Battery in terms of the region?
- Which application area of Lithium-Ion Battery is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Lithium-Ion Battery market size by 2029?
- What are the growth prospects for the Lithium-Ion Battery market?
- What is the base year considered in the Lithium-Ion Battery market report?
- Which region holds the largest market share in the Lithium-Ion Battery market?
- What factors are anticipated to drive the Lithium-Ion Battery market?
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