Lithium metal is the third lightest element with low molecular weight, and it can effectively produce batteries with high capacity. In lithium ion batteries, lithium ions move from negative to positive electrodes during discharge and back when charging. Lithium ion batteries are used an intercalated lithium compound as one electrode material but in non-rechargeable lithium battery metallic lithium is used. Lithium ion batteries are the powerhouse for the digital electronic revolution because of high energy density, tiny memory effect and low self-discharge.

Growing adoption of lithium-ion batteries in various end user applications such as military, battery electric vehicle, and aerospace is major factor driving growth of the global lithium ion battery market. Increasing demand for energy storage across the globe is another factor expected to propel growth of the market during the forecast period.

In addition, increasing government support for the adoption of electric vehicles integrated with lithium ion batteries is also supporting growth of the global lithium ion battery market over the forecast period. However, heat-related problems associated with those batteries along with issue of these batteries that battery gets ruined when discharged completely are expected to restrain global lithium ion battery market in the future.

The global lithium ion battery market has been segmented on the basis of material type, power capacity, industry, and region.

On the basis of material type the target market has been segmented into cathode, anode, binders, foils, electrolytic solution, and separators. On the basis of power capacity the target market has been segmented into 0 to 3000mAh, 3000mAh to 10000mAh, and 10000mAh to 60000mAh. On the basis of industry the target market has been segmented into consumer electronics, automotive, medical, and industrial.

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to account major market share in terms of revenue as compared to that of other regions.

Key players operating in the global lithium ion battery market includes Automotive Energy Supply Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Power (LGCPI), LITEC Co., Ltd., A123 Systems, LLC., Toshiba Corporation, Hitachi Chemical Co., Ltd., China BAK Battery Co. Ltd., and GS Yuasa International Ltd.