Lithium-Ion Battery Market Global Leaders: Panasonic Sanyo, AESC, LG Chem, SAMSUNG SDI, Toshiba, BYD, Sony, A123 Systems, Li-Tec Battery, GS Yuasa, SK Energy, BAK Group, Valence Technology, Hitachi Chemical, Johnson Controls, Saft Groupe, TDK

Market Scenario:
Lithium-Ion battery is a rechargeable battery used in various applications ranging from mobile phones to industries. The global lithium-ion battery market is anticipated to generate a CAGR growth of approximately 16.0 % by the end of the forecast period of 2023.

Drivers
Explosive growth of complimentary applications led by rapid adoption of mobile devices is the critical driver of the market. The attractive benefits associated with the batteries such as great life cycle, high energy density, lower rate of self-discharge as compared to Ni-Cad and NiMH batteries, low maintenance, no requirement for priming, design flexibility make them versatile in use. Increasing demand for high power and high capacity cells owing to growing energy density of applications, increasing penetration into large applications is another factors driving the growth of the global lithium-ion battery market.

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Restraints
Lithium ion batteries cost around 40% more than Nickel cadmium cells which is the critical restraint on the market. Lithium ion batteries also require protection circuitry to protect them from being over charged and discharged in addition to recharge current limitations and operating limits, which adds to the cost. Another major lithium ion batteries drawbacks is that ageing is time dependent as well as upon the number of charge discharge cycles. Lithium ion batteries needs to be stored under partially charged conditions of around 40% to 50% in a cool temperatures. Pricing pressures owing to greater fragmentation, issues with safety leading to battery explosions, are other cause of concern and so is the manufacturing and environmental restraints.

Dominant Players:
Some of the key players in the global lithium-ion battery market are SAMSUNG SDI Co., Ltd. (South Korea), Panasonic Sanyo (Japan), Beijing Pride Power (BPP) (China), Automotive Energy Supply Corporation (AESC) (Japan), Toshiba (Japan), Hitachi Chemical Co. Ltd.(Japan), LG Chem. (South Korea), Li-Tec Battery GmbH (Germany), A123 Systems (U.S.), GS Yuasa (Japan), SK Energy (South Korea), BYD (China), Sony Corporation (Japan), BAK Group (China), Toshiba Corporation (Japan), Valence Technology, Inc.(U.S.), Johnson Controls, Inc.(U.S.), Saft Groupe SA (France), TDK Corporation(Japan) and others.

Segments:
The global lithium-ion battery market is segmented by type, power capacity, vertical and regions so as to generate a bird’s view of the market.
Type - Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), Lithium Iron Phosphate (LFP), Lithium Titanate Oxide (LTO), and Lithium Nickel Cobalt Aluminum Oxide (NCA).
Power capacity - 0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh.
Vertical - automotive, aerospace and defense, consumer electronics, industrial, marine, medical and power. The consumer electronics sub segment is anticipated to account for the major share of the market. The automotive segment is generate the fastest CAGR growth during the forecast period owing to rapid adoption of lithium ion batteries in electric vehicles
Regions - Asia Pacific, North America, Europe, and Rest of the World.

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Regional Analysis:
Asia Pacific accounts for the largest share of the market owing to explosive adoption of mobile devices. The emergence of China, Taiwan and South Korea as low cost manufacturing bases is further expected to drive the market. The increased adoption of consumer electronic products is another factor driving the Asia Pacific market. Europe accounts for the second largest market led by Germany, France and the U.K., North America is led by the U.S. owing to its large economic size. However the market in the developed regions is stagnant.

Industry News:
April 2016 - BYD Company announces expansion plans to cut down the cost of battery owing to advantages of economies of scale.
April 2016 - SK Energy announced expansion plans for production of lithium-ion battery separator.
June 2015 - A123 Systems announced expanding the production capacity of 3.3 million cells to 4.3 million cells.

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