Global Lithium-Ion Battery Market, by Battery Type (Li-NMC, LTO, LCO, LFP, NCA, LMO), by Battery Co

Published Date: | Report Code : EQ195007

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The Lithium-Ion Battery Market is expected to promise high growth owing to the increasing demand for electronic products in recent years. Increasing demand from end-use industries including industry automotive, consumer electronics, industrial, medical and others are expected to drive the growth of the market. This market has witnessed a number of key developments by major companies including  VATRA Storage, BAK Group, Hitachi, GS Yuasa, LG Chem, Samsung SDI, Johnson Controls with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Segment Analysis:

Lithium-Ion Batteries are the batteries mostly used in portable equipment and are of the rechargeable nature. In this type of battery, lithium Ion moves from a negative electrode to the positive electrode when power is being utilized or when discharging and vice-versa when charging. They are generally smaller in size and compact in nature and thus suitable for portable use in various applications. The beneficial property of Lithium-Ion Batteries has gained much popularity across major industries and is used in fields of automotive, electronics, and industrial as well as in the medical field.

The growing use of electronics such as smartphones, cameras, and power tools is the key factor for the growth of the global lithium-Ion batteries market. The growing demand for lithium-Ion batteries in major industries and the increasing number of electric vehicles has also contributed to the growth of the market. Government policies for environment-friendly batteries and growing awareness have also boosted the market growth.

Some of the key Impact Factors:

  • The increasing demand for electronic products
  • The increasing interest of vitality effective, safe and minimal effort batteries
  • Government policies and regulations for eco-friendly batteries

Regional Analysis:

Major regions for the lithium-ion battery market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for the lithium-ion battery owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be industry automotive, consumer electronics, industrial, medical and others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the lithium-ion battery market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, industry automotive, consumer electronics, industrial, medical and others are estimated to register a high demand for the lithium-ion battery market during the forecast period.

Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the lithium-ion battery market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the lithium-ion battery market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.      

Companies Covered: VATRA  Storage (Germany), BAK Group (China), Hitachi (Japan), GS Yuasa (Japan), LG Chem (South Korea), Samsung SDI (South Korea), Johnson Controls (Ireland), Saft Groupe,Farasis Energy (California), Toshiba (Japan),CALB (China),Lithium Werks (The Netherlands),Sila Nanotechnologies (California)

Market Segmentation:

By Battery Type:

  • Li-NMC (Lithium Nickel Manganese Cobalt)
  • LTO (Lithium Titanate Oxide)
  • LCO (Lithium Cobalt Oxide)
  • LFP (Lithium Iron Phosphate)
  • NCA (Lithium Nickel Cobalt Aluminum Oxide)
  • LMO (Lithium Manganese Oxide)

By Battery Components:

  • Electrolytic Solution
  • Cathode
  • Anode
  • Others

By End-Use Industry:

  • Automotive
  • Consumer Electronics
  • Industrial
  • Medical
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Battery Type
    • By Battery Component
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Battery Type
    • By Battery Component
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Battery Type
    • By Battery Component
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Battery Type
    • By Battery Component
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Battery Type
    • By Battery Component
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Battery Type
    • By Battery Component
    • By End-Use Industry

Reasons to buy this report:

  • Market size estimation of the global lithium-Ion battery market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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