Lithium-ion Battery Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Apr 2020 | No. of Pages : 200 Pages | Category :

The global lithium-ion battery market size was valued $36.7 billion in 2019, and is projected to hit $129.3 billion by 2027, at a CAGR of 18.0% from 2020 to 2027. A lithium-ion (Li-ion) battery is a rechargeable battery, which utilizes lithium ions as the essential components of its electrochemistry. Lithium-ion battery find its major application in laptops, PDAs, cell phones, and iPods.

The lithium-ion battery market growth is driven by surge in need for smartphones and other electronics devices and increase in electric vehicles are some of the key factors that significantly drive the growth of the global lithium-ion battery market. Implementation of stringent government regulations to control increasing pollution levels is further expected to augment the market growth. However, high price of lithium-ion batteries is anticipated to restrain the market growth. On the contrary, higher energy efficiency requirements in technologically updated consumer gadgets are expected to provide expanding lithium-ion batteries market opportunity to the key players.

Various components such as cathode, anode, electrolytic solution, and others (foils, binders, and separators) are covered within the scope of the report.The cathode segment was the highest contributor to the market. This is attributed to the fact that cathode is widely used in the manufacturing of lithium-ion batteries. In addition, it is used to build positive electrodes for battery cells. Cathode materials, such as lithium cobalt oxide, lithium iron phosphate, lithium ion manganese oxide battery,and lithium nickel manganese cobalt oxide (are used in manufacturing of lithium-ion batteries.

Depending on type of cathode material used, the type of lithium-ion batteries can vary. In addition, the demand for cathode materials is expected to increase significantly, owing to surge in demand for lithium-ion batteries across different industry verticals.The global lithium-ion battery market is segmented into various end-use industries, including electrical & electronics, automotive, and industrial, and others. Other segment includes medical, military, and textile industries. The electrical & electronics segment registered the highest contributor growth in the market. Lithium-ion batteries in electronics are primarily used in smartphones & tablets/PCs, UPS, and few other types of devices, owing to longer service life and high energy density of these batteries.

The electrical & electronics end-use industry is further segmented into smartphones, tablet/PC, UPS, and others. Among all electronic devices, the smartphones & tablets/PCs segment dominated the market in 2019, accounting for around 54% of the overall revenue.The automotive end-use segment is subsegmented into cars, buses, & trucks;scooters & bikes, and trains & aircraft. Cranes & forklift, mining equipment, and smart grid & renewable energy storage are considered under industrial end-use segment.

Region wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The North America lithium-ion battery market share is predicted to grow during the projected period, owing to increase in product use in the manufacturing of electric and hybrid vehicles.Moreover, rise in sales of electronic products in the North America region is anticipated to boost the growth of the regional market during the forecast period.

Asia-Pacific grows at a significant rate in the lithium-ion battery market anlaysis. This is attributed to the fact that China is expected to lead in the adoption of lithium-ion batteries to control increasing pollution in its cities. The Chinese Government further focuses on hybrid vehicles with pure electric drives. Furthermore, electrification of delivery vehicles and pickups is expected to raise the demand for these batteries. Major automakers in the commercial vehicle segment focus on hybrid drive systems across different model ranges. Therefore, the growth of the electric vehicles/plug-in hybrid vehicles is anticipated to eventually drive the market for lithium-ion batteries.

The global lithium-ion battery market is highly fragmented with the presence of large number of domestic players that occupy around 60% market share. Among the different market players present, Panasonic Corporation dominated in 2017. However, the market share of Panasonic Corporation is expected to decrease in the coming years, due to the intensifying competition among prominent players to acquire major portion of the market.

Some of the key players operating in the global lithium-ion battery industry include 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.

Segmentation

By Component

  • Cathode
  • Anode
  • Electrolytic Solution
  • Others

By End-use Industry

  • Electrical & Electronics
    • Smartphones &Tablet/PC
    • UPS
    • Others
  • Automotive
    • Cars, Buses, &Trucks
    • Scooters & Bikes
    • Trains & Aircraft
  • Industrial
    • Cranes & Forklift
    • Mining Equipment
    • Smart Grid & Renewable Energy Storage

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

The Lithium-ion Battery market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Lithium-ion Battery market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Lithium-ion Battery market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Lithium-ion Battery market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Lithium-ion Battery market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Lithium-ion Battery capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Lithium-ion Battery by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Lithium-ion Battery market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Lithium-ion Battery market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Lithium-ion Battery market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Lithium-ion Battery industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Lithium-ion Battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Lithium-ion Battery market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Lithium-ion Battery market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Lithium-ion Battery market. These factors have benefited the growth of the global market for Lithium-ion Battery. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Lithium-ion Battery. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Lithium-ion Battery are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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