Lithium-Ion Battery Market Introduction

Lithium-ion battery offers high productivity and longer battery life. They are expected to grow in the forecast period due to the rapid increase in the use of laptops, PCs, and smartphones. They also offer alternative battery option among automobile industries and are widely used as batteries of electric vehicles.
Lithium-Ion Battery Market Overview
On basis of type, the market is segmented into Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Nickel Cobalt Aluminium Oxide (NCA), and Lithium Manganese Oxide (LMO). LI-NMC, expected to stimulate the growth of the market in the coming years. LI-NMC is used as batteries in electrical storage systems, laptops, and cameras. Since it's it's also used in slimmer smartphones and laptops. LI-NMC offer higher safety and because of this feature, it's vastly used in PHEV, HEV, and EV. Such properties of LI-NMC have led to an increase in, size of the market in the coming years.
Based on the power capacity, the market is segmented into 0 to 3000 mAh, 3000 mAh to 10,000 mAh, and 10000 mAh to 60000 mAh. 3000 mAH to 10,000 mAH power capacity Li-ion batteries are expected to drive the growth of the market in the coming years. A gradual increase in production of hybrid vehicles alongside immense consumption of consumer electronics has been the key factor behind the growth of the market.
The industry segment of the lithium-ion battery market is divided into consumer electronics, automotive, medical, marine, commercial aircraft, aerospace, and defense. Advancements in the automotive industry in the form of electric vehicles alongside increasing demand for smartphones in consumer electronics are fuelling the growth of the market. Consumer electronics is expected to dominate the market in the forecast period.
The growing need for battery-operated equipment in the medical and automotive industries is accelerating the growth of the market. Rising need for smart devices and high-performance batteries for industrial use is also fueling the growth of the market.
In terms of region, North America controls a vast share of the market. The expansion of the automotive industry is the key reason behind the growth of the market in the region. Asia-Pacific region is expected to dominate the market in the coming years. Emerging economies like India and China are witnessing surge increase in the consumer electronics and automotive industry. China is the biggest producer of the electric vehicle battery market. Increasing demand from the automotive industry and massive investments by key players in developing countries like India and China are the factors behind the growth of the market in the region.
Some of the established players of the market are Lithium Werks, Sila Nanotechnologies, VARTA Storage, Toshiba, BAK Group, Panasonic, Hitachi, Saft Groupe, and Samsung.
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Lithium-Ion Battery Market Segmentation:
By Type:
• NCA
• LMO
• LTO
• Li-NMC
• LFP
By Power Capacity:
• 0-3000 mAh
• 3000-10000 mAh
• 10000-60000 mAh
By Industry:
• Automotive
• Consumer
• Electronics
• Industrial
• Medical
By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on lithium-ion battery market based on the type, power capacity, end users and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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