Press release
Lithium Ion Battery Market Key industry players including Panasonic, Tesla, Samsung, GS Yuasa, Hitachi Chemical, A123 Systems, Philips, LG Chem, Sanyo, Toshiba, EnerDel, Valence
Lithium Ion Battery
Japan lithium ion battery market is set to witness growth over 8% by 2024. Positive outlook towards automotive sector along with growing adoption of smart devices will stimulate the product demand. In 2016, Japan accounted for over 13 GWh of automotive lithium ion cell manufacturing capacity representing 237% increase from 2014 level. Government focus to limit emissions along with shifting trend towards renewable energy utilization will further augment the industry growth.
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Industrial lithium ion battery market is to surpass USD 9 billion by 2024. These products find wide ranging applications across defense and healthcare sector where capacity, energy density and safety are of paramount importance. Ability to provide higher current makes its adoption preferable across heavy industries including mining, oil & gas and construction.
The U.S. in 2016, accounted for over 80% of North America lithium ion battery market share. Ongoing digitization of healthcare industry along with shifting trend toward IoTs has resulted increased demand for smart devices in the country. Government initiatives toward adoption of non-conventional fuel vehicles will further enhance the business outlook.
Ongoing investments toward distributed generation coupled with growing demand for off-grid generation technologies will stimulate the product penetration across the energy storage applications. Rapid expansion of micro-grid networks will further provide impetus to industry growth. Nickel manganese cobalt oxide, lithium iron phosphate, and nickel cobalt aluminum oxide are prominent secondary batteries deployed for these applications.
Lithium cobalt oxide (LCO) market is projected to witness gains over 6% on account of rising demand for portable electronic devices. These products are predominantly deployed across mobile phones, smart watches, activity tracker, digital cameras, and laptops owing to its ability to offer high specific energy. LCO consist of carbon graphite carbon anode and a lithium cobalt oxide cathode. However, low thermal stability, short life span and limited load capabilities of lithium cobalt oxide batteries may hamper the business growth.
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Key players in lithium ion battery market include Tesla, Panasonic, Samsung, Hitachi Chemical, GS Yuasa, Philips, A123 Systems, Sanyo, LG Chem, EnerDel, Toshiba, Prologium, Valence, Exide, Saft Batteries, Energies Power, Roofer, Padre Electronics, Ding Tai, Johnson Controls and Duracell.
Global lithium ion battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD from 2014 to 2024, for the following segments:
Lithium Ion Battery Market, By Components
• Cathode
• Anode
• Separators
• Electrolytes
• Aluminum Foil
• Copper Foil
• Others
Lithium Ion Battery Market, By Application
• Industrial
o Defense
o Heavy Industrial Equipment
o Healthcare
o Marine
o Others
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
Chapter 2. Executive Summary
2.1. Lithium ion battery industry 3600 synopsis, 2014 – 2024
2.1.1. Business trends
2.1.2. Components trends
2.1.3. Application trends
2.1.4. Product trends
Chapter 3. Lithium Ion Battery Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
About Global Market Insights
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