Press release
Lithium-ion Battery Market Expanding interest in technical advancements with whooping CAGR of 16.71%; key industry players; Johnson Controls, NEC, Saft Groupe S.A, LG Chem, Panasonic, Hitachi, BYD Company, A123 Systems and Toshiba.
Lithium-ion Battery Market
Regional Outlook and Trend Analysis
Asia Pacific is anticipated to indicate high income gains over the forecast period. Expanding interest for mobiles and tablets in different nations including India, China, Japan and Thailand is foreseen to increase industry development over the figure period. North America is anticipated to witness a huge development over the gauge time frame inferable from the developing electric vehicle and consumer electronics sales in nations including U.S. and Mexico.
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Competitive Insights
The leading players in the market are Johnson Controls, NEC, Saft Groupe S.A, LG Chem, Panasonic, Hitachi, BYD Company, A123 Systems and Toshiba. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Industry Trend Outlook -
The Lithium-Ion Battery Market was worth USD 22.02 billion in 2014 and is expected to reach approximately USD 88.47 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 16.71% during the forecast period. Expanding enrolment of electric vehicles (EVs) alongside diminishing lithium-ion battery cost is expected to enlarge industry measure over the gauge time frame. The rising number of PV installations and nuclear power plants alongside the initiation of New Wind Energy Projects are expected to augment the market development over the conjecture time frame. The pattern of renewable energy generation was driven by expanding worries about environmental change, ideal government incentives, diminishing cost of solar photovoltaic cells, and declining expense of batteries.
Market Segmentation
By Product:
Lithium iron phosphate (LFP)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Titanate (LTO)
Lithium Nickel Manganese Cobalt (NMC)
Lithium Manganese Oxide (LMO)
Lithium cobalt oxide (LCO)
By Application:
Automotive
Energy storage systems
Consumer electronics
Industrial
Product Outlook and Trend Analysis
Lithium Nickel Manganese Cobalt battery was the leading fragment and represented 26% of the worldwide share in 2016. Expanding adoption of NMC in power tools, e-bikes and other electric powertrains by virtue of its higher energy density, low cost, and longer cycle life will fuel its request over the gauge time frame. NMC provides general execution and exceeds expectations on particular vitality and have high limit and high power. Lithium press phosphate (LFP) batteries are anticipated to develop at a significant CAGR over the forecast period. The LFP batteries offer amazing security and long-life traverse to the product.
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Lithium-ion Battery Market, By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Application Outlook and Trend Analysis
Consumer electronics application was esteemed at USD 11.92 billion out of 2016 by virtue of high strength and dependability of these batteries in consumer appliances, for example, smartphones and laptops. Developing electronics industry in different nations is anticipated to build industry extension over the estimate period. Energy stockpiling frameworks is anticipated to expand indicate significant demand ascend at a significant CAGR over the estimate time frame because of expanding off-grid installations.
Lithium-ion Battery Market Report Offers:
1) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) An extensive research study on the Global Lithium-ion Battery Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the
Lithium-ion Battery Market
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Major Table of Contents:
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
5. Lithium-Ion Battery Market, By Product
6. Lithium-Ion Battery Market, By Application
7. Lithium-Ion Battery Market, By Region
8. Company Profiles
9. Global Lithium-Ion Battery Market Competition, by Manufacturer
10. Lithium-Ion Battery Market Forecast (2018-2023)
....CONTINUED FOR TOC
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