(MENAFN- EIN Presswire) [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Lithium-Ion Battery Market size & share revenue was valued at approximately USD 42.5 Billion in 2021 and is expected to reach USD 48.80 billion in 2022 and is expected to reach around USD 184.15 Billion by 2030, at a CAGR of 18.5% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are BYD Company Ltd., LG Chem, Hitachi Ltd., Duracell Inc., Johnson Controls, Panasonic Corporation, Samsung SDI Co. Ltd., Renault Group, Tesla, TOSHIBA CORPORATION, and others. /ein news / -- Sandy, Utah, USA, Dec. 04, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Lithium-Ion Battery Market Size, Trends and Insights By Product (Lithium cobalt oxide (LCO), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium iron phosphate (LFP), Lithium Manganese Oxide (LMO), Lithium Nickel Manganese Cobalt (LMC), Lithium Titanate (LTO)), By Application (Automobile, Industrial, Consumer Electronics, Energy Storage Systems, Medical Devices), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global lithium-ion battery market size & share was valued at approximately USD 42.5 Billion in 2021 and is expected to reach USD 48.80 Billion in 2022 and is expected to reach a value of around USD 184.15 Billion by 2030, at a compound annual growth rate (CAGR) of about 18.5% during the forecast period 2022 to 2030.”
Our research report offers a 360-degree view of the Lithium-Ion Battery market's drivers and restraints and their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Lithium-Ion Battery market.
Lithium-Ion Battery Market: Overview
The demand for electric vehicles, such as electric automobiles and motorcycles, has increased the need for lithium-ion batteries. Additionally, consumer electronics products, such as laptops and mobile phones, which employ lithium-ion cells, have caused a significant increase in the demand for lithium-ion batteries. Lithium-ion batteries are also now recognized as the industry standard for any product requiring a portable rechargeable battery due to their capacity to be recharged. Due to regional governments' initiatives to promote the usage of electric vehicles, the Asia Pacific lithium-ion battery market is anticipated to develop at the most significant rate during the forecast period.
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Growth Factors
Because electric car use is expanding, the automotive industry is predicted to develop significantly. Over the projected period, it is expected that there will be a significant increase in the number of electric vehicle registrations worldwide. With a revenue share of more than 75.0% in 2021, the U.S. overtook other markets to become North America's largest. In addition, the demand for lithium-ion batteries in the U.S. is anticipated to increase throughout the forecast period due to rising sales of electric vehicles in the country, favorable federal legislation, and the presence of market participants there.
Additionally, the EPA's restrictions on lead contamination and the ensuing environmental dangers, along with the regulations on lead-acid battery storage, disposal, and recycling, have reduced the market for lead-acid batteries and increased the need for lithium-ion batteries in automobiles. Since firms worldwide are looking to invest in Mexico, it has been the main focus of the global automobile industry. After South Korea, Japan, and Germany are the automobile industry's fourth-largest exporters. The need for lithium-ion batteries in the nation is predicted to increase with rising automotive production.
(A free sample of the Lithium-Ion Battery report is available upon request; please contact us for more information.)
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Segmental Overview
The market for lithium-ion battery market is segmented into products and applications. Based on the end-use industries, the automotive segment held a market share of more than 40% in the global battery separators market and registered a respectable CAGR of over 15% through 2030. The automotive industry's growing need for lithium-ion batteries and the widespread use of electronic vehicles are expected to lead to significant growth in the global market for battery separators.
Lithium-ion batteries now weigh significantly less due to recent technological advancements, making them more appealing for electric vehicle applications. The other market sector, which in 2022 had a market share of more than 2%, is expected to grow at a CAGR of more than 10.1%. Consumer electronics, telecommunication, and other industries are included in the other segment.
Key questions answered in this report:
What is the size of the Lithium-Ion Battery market and what is its expected growth rate? What are the primary driving factors that push the Lithium-Ion Battery market forward? What are the Lithium-Ion Battery Industry's top companies? What are the different categories that the Lithium-Ion Battery Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Lithium-Ion Battery market sample report and company profiles?
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Regional Overview
In 2021, the consumer electronics sector had the highest revenue share—more than 40.0%. Consumer electronics items and portable devices both need portable batteries. Mobile phones, laptops, desktops, tablets, torches or lanterns, LED lighting, digital cameras, vacuum cleaners, wristwatches, hearing aids, calculators, and other wearable gadgets are just a few things that can use portable batteries. Over the projection period, the market for electric and hybrid vehicles is expected to grow profitably. The expansion is anticipated to be aided by rising fossil fuel prices and increased consumer knowledge of the advantages of battery-powered cars, notably in North America, Europe, and Asia-Pacific.
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2030 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 42.5 Billion |
| Projected Market Size in 2030 | USD 184.15 Billion |
| Market Size in 2022 | USD 48.80 Billion |
| CAGR Growth Rate | 18.5% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | BYD Company Ltd., LG Chem, Hitachi Ltd., Duracell Inc., Johnson Controls, Panasonic Corporation, Samsung SDI Co. Ltd., Renault Group, Tesla, TOSHIBA CORPORATION, and Others |
| Key Segment | By Product, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. buy now |
Key Players Insights
The competitive landscape for the lithium-ion battery market includes information from competitors. The company's financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, global presence, production capacities, product launch, company strengths and weaknesses, product width and breadth, and application dominance are among the details that are included.
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Key Insights:
As per the analysis shared by our research analyst, the Lithium-Ion Battery market is estimated to grow annually at a CAGR of around 18.5% over the forecast period (2022-2030). In terms of revenue, the Lithium-Ion Battery market size was valued at around USD 42.5 billion in 2021 and is projected to reach USD 57 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate. Based on product segmentation, the LCO segment was predicted to show maximum market share in 2021. The consumer electronics segment was the top revenue-generating category based on application segmentation in 2021. Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.
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Recent Development
September 2021: Toshiba Corporation and Sojitz Corporation signed a joint development agreement for commercializing next-generation lithium-ion batteries employing niobium titanium oxide (NTO) as the anode material. May 2021: Based on their shared vision of CO2-neutral electric transportation, Daimler Truck AG and CATL, a manufacturer of lithium-ion batteries, widened their current partnership. For Mercedes-Actros Benz's Longhaul battery electric vehicle, which will enter series production in 2024, CATL will provide li-ion battery packs.
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Prominent Players
BYD Company Ltd. LG Chem Hitachi Ltd. Duracell Inc. Johnson Controls Panasonic Corporation Samsung SDI Co. Ltd. Renault Group Tesla TOSHIBA CORPORATION
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The global Lithium-Ion Battery market is segmented as follows:
By Product
Lithium cobalt oxide (LCO) Lithium Nickel Cobalt Aluminum Oxide (NCA) Lithium iron phosphate (LFP) Lithium Manganese Oxide (LMO) Lithium Nickel Manganese Cobalt (LMC) Lithium Titanate (LTO)
By Application
Automobile Industrial Consumer Electronics Energy Storage Systems Medical Devices
On the basis of Geography
North America
Europe
France The UK Spain Germany Italy Rest of Europe
Asia Pacific
China Japan India Australia South Korea Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa
Latin America
Brazil Argentina Rest of Latin America
This Lithium-Ion Battery Market Research/Analysis Report Contains Answers to the following Questions.
Which Manufacturing Technology is used for Lithium-Ion Battery? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments? Who Are the Global Key Players in This Lithium-Ion Battery Market? What are Their Company Profile, Their Product Information, and Contact Information? What Was the Global Market Status of the Lithium-Ion Battery Market? What Was the Capacity, Production Value, Cost and PROFIT of the Lithium-Ion Battery Market? What Is the Current Market Status of the Lithium-Ion Battery Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Lithium-Ion Battery Market by Considering Applications and Types? What Are Projections of the Global Lithium-Ion Battery Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Lithium-Ion Battery Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is Economic Impact on Lithium-Ion Battery Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are the Market Dynamics of the Lithium-Ion Battery Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Lithium-Ion Battery Industry?
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Reasons to Purchase Lithium-Ion Battery Market Report
Lithium-Ion Battery Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors. Lithium-Ion Battery Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Lithium-Ion Battery Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Lithium-Ion Battery Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
The study provides a thorough overview of the global Lithium-Ion Battery market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Lithium-Ion Battery market analysis.
The competitive environment of current and potential participants in the Lithium-Ion Battery market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Lithium-Ion Battery market should find this report useful. The research will be useful to all market participants in the Lithium-Ion Battery Industry.
Managers in the Lithium-Ion Battery sector are interested in publishing up-to-date and projected data about the worldwide Lithium-Ion Battery market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Lithium-Ion Battery products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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