Press release
2019 -2024 | What's Driving The Lithium Ion Battery Market Growth? Top Players: Tesla, Panasonic, Samsung, Hitachi Chemical, GS Yuasa, Philips, A123 Systems, Sanyo, LG Chem, EnerDel, Toshiba, Prologium, Valence, Exide
Key Market Players:
Some major companies operating in the global lithium ion battery market are LG Chem (South Korea), Panasonic (Japan), Samsung (South Korea), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan) and Sila Nanotechnologies (California).
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1. Pages: 550
2. Tables: 1932
3. Charts / Figures: 10
4. Companies covered: 24
5. Countries covered: 35
Lithium Ion Battery Market Overview:
In an era where clean energy is continually being propagated, lithium ion battery industry has been gaining exceptional prominence, given that the product is extensively used in phones, computers, cordless power tools, battery operated vehicles, and more.
The popularity of this business space has been validated through a recent instance, when LeydenJar Technologies, a spinoff of the Dutch energy innovation leader, ECN (Energy research Centre of the Netherlands), unveiled a lithium-ion pouch cell prototype that is capable of increasing the storage capacity of rechargeable batteries by almost 50%.
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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.
How the Indian government’s energy storage capacity expansion plan will propel lithium ion battery market share
Th Indian sub-continent, in recent times, has emerged as a profitable hub for lithium ion battery industry. The Indian government had scarcely framed a policy to add over 1 GWh of Li-ion battery storage capacity by the end of 2017.
With the implementation of this policy, India is looking forward to becoming one of the most profitable avenues for lithium ion battery industry and has already set up the framework for numerous Li-ion battery manufacturing plants. Currently, in India, more than 1 GWh energy has been distributed from lithium ion batteries mainly for ATM machines and telecom towers, however, this threshold has been achieved via imported battery packs.
Middle East and Africa lithium ion battery market in 2016, was valued over USD 1 billion and is projected to witness growth owing to ongoing investment towards renewable energy grid infrastructure development. Investment toward expansion of micro grid across remote areas will further stimulate the product demand.
Lithium Ion Battery Market, By Components
• Cathode
• Anode
• Separators
• Electrolytes
• Aluminum Foil
• Copper Foil
• Others
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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