Delvens has released a new research study titled "12V Lithium-Ion Battery Market" analysis with Industry size, share, growth, segmentation, manufacturers and innovations, major trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, prospective road maps, and yearly forecast till 2030′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. The report also looks at SWOT and Porter's Five Forces Analysis, as well as crucial statistics like expenditure, costs, revenue, and end-Users.
The Global 12V Lithium-Ion Battery Market size was estimated at USD 17.6 billion in 2023 and is projected to reach USD 40.3 billion in 2030 at a CAGR of 12.6% during the forecast period 2024-2030.
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These lithium-ion batteries are the power source of choice for electric vehicle manufacturers, including industry leaders like Tesla. The shift towards electric mobility is particularly noticeable in Europe, where stringent pollution standards and restrictions have been enacted. In addition, significant public transit projects focusing on electric mobility have been launched, further solidifying the continent's commitment to a greener future.
Top Key Competitors of 12V Lithium-Ion Battery Market:
Panasonic Sanyo
Automotive Energy Supply Corporation (AESC)
LG Chem.
SAMSUNG SDI Co.
Li-Tec Battery GmbH
Toshiba
A123 Systems
GS Yuasa
Sony Corporation
Beijing Pride Power
BAK Group
Toshiba Corporation
Valence Technology
Hitachi Chemical Co. Ltd.
Johnson Controls
TDK Corporation
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12V Lithium-Ion Battery Market Segmentations:
By Type:
Lithium Nickel Manganese Cobalt
Lithium Iron Phosphate
Lithium Cobalt Oxide
Lithium Titanate Oxide
Lithium Manganese Oxide
Lithium Nickel Cobalt Aluminum Oxide
By Application:
Consumer Electronics
Automotive
Aerospace
Marine
Medical
Industrial
Power
Telecommunications
By Material:
Cathode Material
Anode Material
Electrolyte material
and More
Regional Analysis:
The Lithium-Ion Battery market in the Asia-Pacific region has been identified as holding the largest market share, a testament to its robust presence in the industry.
Furthermore, it is projected to display a substantial Compound Annual Growth Rate (CAGR) throughout the duration of the study period. This anticipated growth can be largely attributed to escalating environmental concerns, which are increasingly influencing market trends and consumer behavior.
Recent Developments:
In July 2023, Japanese researchers have developed lithium-ion batteries that don't rely on cobalt, a costly and resource-constrained material commonly found in commercial lithium-ion batteries. Their innovative approach uses a combination of elements in the electrodes, including lithium, nickel, manganese, silicon, and oxygen, resulting in batteries that are 60% more energy-dense and more powerful, with a voltage of 4.4 volts.
In Oct 2023 Photoionisation detection (PID) sensors play a crucial role in identifying potential issues in the production and use of lithium-ion (Li-ion) batteries, which power various devices like electric vehicles, e-bikes, mobile phones, and laptops.
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