What will be the factors driving Europe lithium ion battery market? Panasonic, Hitachi Chemical, Tesla, GS Yuasa, Samsung, Philips, LG Chem, Sanyo, A123 Systems, Toshiba, Valence, EnerDel, Saft, ProLogium, Roofer, Duracell, Energus Power, and Johnson Cont

Growing popularity of wearable electronic devices and activity trackers will augment revenue share of lithium ion battery market. Europe is anticipated to contribute significantly to the growth of the industry. Lithium ion battery market share is expected to exceed $73 billion by 2025.

Does rising popularity of electronic devices hold the potential to drive lithium ion battery market?

Remarkable adoption rate of smart watches and activity trackers owing to the rising concerns about health and fitness will propel the revenue growth of lithium ion battery market. Strict waste disposal regulations along with growing demand for electronic devices will increase lithium ion battery application. In addition, high charge density and low rate of self-discharge are few features backing the adoption of these batteries across the consumer electronics segment.

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How will Europe enhance lithium ion market size in the times to come?

Europe lithium ion battery market size is estimated to witness growth of 11% over 2019-25. Encouraging government schemes for reducing greenhouse gases levels coupled with expanding automotive sector will accelerate the demand for lithium ion batteries. For instance, according to the International Energy Agency, in 2018, the total number of EVs on road throughout Europe was more than 1 million.

What will augment the revenue growth of lithium cobalt oxide battery market?

Lithium cobalt oxide battery market is likely to expand by 2% over 2019-25. Long run time and high specific energy are some key features which will support the deployment of these batteries in consumer electronics including mobile phones, laptops, camera, and tablets. The rising demand of high-performance consumer electronic batteries offering rapid charging and longevity will further boost the industry growth.

How will U.S. fare in lithium ion battery market?

As per estimates, the U.S. lithium ion battery market size, in the year 2018, was worth USD 8 billion. The regional industry will depict considerable gains in the years ahead, given the rising investments toward the enhancement of EV charging infrastructure as well as the reducing costs of EVs. Not to mention, the rising focus toward environmental emissions and tax incentives pertaining to the deployment of renewable energy technologies will further impel the industry landscape.

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