Global Lithium-Ion Battery Market : Industry Analysis and forecast 2027

 Global Lithium-Ion Battery Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 14.23 % through 2020 to 2027, reaching US$ XX Bn. The report has covered Country Market trends with competitive landscape.

The report covers an in-depth analysis of COVID 19 pandemic impact on Global Lithium-Ion Battery Marketby region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.

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Global Lithium-Ion Battery Market Overview:

The development of the market is attributed to the rising demand for the lithium-ion battery in Evs & grid storage as it compromises high-energy density solutions & lightweight. The subsequent rise in the registration of Electric vehicles & a decrease in the cost of the lithium-ion battery is expected to increase the market size during the forecast period. Also, a rise in sales of electric vehicles& change in user choices is likely to push the market growth towards north.

The increasing number of photovoltaic installations & nuclear power plants, along with the beginning of the wind energy plans, is expected to push market development during the forecast period. Increasing off-grid installations in the United States, India, China, & Germany, along with the rising acceptance of Li-ion batteries in equipment used in the medical segment, is anticipated to inspire the market for lithium-ion battery during the forecast period.

The lithium-ion battery is used in electronic devices like smartphones, power tools, & digital cameras. Therefore, the demand for the battery in the railway industries, manufacturing segments, & solar power is likely to surge the increasing need for storage & power backup. Long life span, reduction in battery costs, & high density will push the market for lithium-ion batteries during the forecast period. Growing demand for other types of batteries like lithium-air, flow battery, sodium nickel chloride, & lead-acid batteries in energy storage, consumer electronics, & electric vehicles is expected to restrain the market during the expected period. Also, inclination towards renewable energy for producing power was driven by rising apprehensions related to favourable government incentives, temperature change, decreasing batteries price, & the falling cost of solar photovoltaic cells.

Increasing sales of EVs in China is anticipated to push the market for lithium-ion batteries during the forecast period due to government supports& purchase shares on non-electric vehicles in big cities. In addition, the presence of main EV companies, like Nissan, BMW, Tesla, Chevrolet, Ford, Toyota, & Fiat mostly in the US, UK, Germany, & China is expected to push market development. EV & HEVs will endure to observe development on account of the shift from fuels to electric batteries. Also, the government's strict rules on emission standards to keep the environment & decrease the degradation-based potentials are likely to play a serious role in influencing the market for lithium-ion batteries.
Segment Overview:

The consumer electronics sector held the largest market share of 28.24percent in the year 2019. The development of the segment is attributed to the growing use of lithium-ion batteries in portable consumer electronics devices owing to high energy density & safety levels. The automotive segment accounted for 18.74 percent of the global revenue in the year 2019. The industrial segment is anticipated to rule the lithium-ion battery market & is likely to value USD 24.8 Bn by 2027. The consumer electronics application segment was valued at USD 8.6 billion in 2019 owing to the high reliability & durability of the lithium-ion battery in appliances like smartphones & laptops. The rising electronics industry in countries such as South Korea, Japan, China, & Taiwan is likely to push the market for lithium-ion batteries during the expected period. Industrial application valued over USD 11.3 Bn in 2019 & is anticipated to witness aprojected CAGR of over 11.12 percent from 2020 to 2027.
Competitive Landscape

The MMR reports cover key developments in the Lithium-Ion Battery Marketas organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product approvals product launches, and others. Inorganic growth strategies activities witnessed in the Lithium-Ion Battery Marketwere merges & acquisitions and collaborations & partnership.

The objective of the report is to present a comprehensive analysis of the Global Lithium-Ion Battery Marketincluding all the stakeholders of the industry.The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Lithium-Ion Battery Marketdynamics, structure by analyzing the market segments and projects the Global Lithium-Ion Battery Marketsize. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Lithium-Ion Battery Market make the report investor’s guide.
Global Lithium-Ion Battery, Key Highlights:

• Global Lithium-Ion Battery analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Lithium-Ion Battery

• Global Lithium-Ion Battery segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Lithium-Ion Battery strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Lithium-Ion Battery analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Lithium-Ion Battery are also profiled.

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Scope of the Global Lithium-Ion Battery Market: Inquire before buying

Global Lithium-Ion Battery Market, By Region

• North America:
o US
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Colombia
o Rest of South America
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Sweden
o CIS countries
o Rest of Europe
• APAC
o China
o India
o South Korea
o Japan
o Australia
o Rest of APAC
o ASEAN
 Indonesia
 Malaysia
 Singapore
 Philippines
 Thailand
 Vietnam
• Middle East & Africa
o GCC Countries
o South Africa
o Nigeria
o Egypt
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Rest of Latin America
Global Lithium-Ion Battery Market Key players :

• BYD COMPANY
• LG CHEM
• PANASONIC CORPORATION
• SAMSUNG SDI
• BAK GROUP
• GS YUASA CORPORATION
• HITACHI
• JOHNSON CONTROLS
• TOSHIBA CORPORATION
• LITHIUM WERKS
• BYD Company Ltd.
• A123 Systems LLC
• Hitachi Chemical Co., Ltd.
• Shenzhen Huayu New Energy Technology Co., Ltd.
• NEC Corporation,
• Saft
• Sony Corporation
• Tesla Inc.
• Narada Power Source Co., Ltd.
• Contemporary Amperex Technology Co.

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