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Lithium Ion Battery Market to exceed 11% CAGR by 2025 | Profiled Players Toshiba, Panasonic USA, Tesla, LG Chem

03-05-2020 10:22 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
Lithium Ion Battery Market

Lithium Ion Battery Market

The Lithium Ion Battery Market analytical summative by Global Market Insights, Inc. is a thorough study on the latest market trends prevailing in the global business sphere. The report also offers important details pertaining to market share, market size, profit estimations, applications and statistics of this industry. The report further presents a detailed competitive analysis including growth strategies adopted by key players of the industry.

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Company Profiles:
o Tesla
o Samsung SDI
o Panasonic USA
o Hitachi Chemical Co. America, Ltd. LG Chem Ltd
o BYD Electronic (International) Company Limited
o Toshiba Corporation
o A123 Systems
o Envision AESC
o Hitachi Maxell Ltd.
o EnerDel
o Johnson Controls
o Energus Power Solutions
o Duracell Inc.
o AkkuTronics New Energy Technology Co., Ltd. EaglePicher Technologies LLC
o Padre Electronics Co.,Limited
o Lithium Werks

Browse key industry insights spread across 470 pages with 690 market data tables & 45 figures & charts from the report, "Lithium Ion Battery Market By Chemistry (LFP, LCO, LTO, NMC, NCA, LMO), By Component (Cathode, Anode, Separators, Electrolytes, Aluminum Foil, Copper Foil, Others), By Application (Industrial {Military, Industrial Equipment, Medical, Marine, Others}, Automotive {Hybrid Electric Vehicles, Battery Electric Vehicles}, Consumer Electronics {Smartphones, Laptops, UPS Systems, Smart Cameras, Smart Watches, Smart Glasses, Smart Textiles, Activity Trackers, Others}, Energy Storage), Analysis Report, Regional Outlook, Competitive Market Analysis & Forecast, 2019 - 2025" in detail along with the table of contents:

As per estimates, the U.S. was responsible for a surge of 11% in EV sales in 2015 from the sales in 2014. The U.S. government has also recently introduced a federal income tax credit for promoting the adoption of hybrid and electric vehicles. According to the federal initiative, on the purchase of hybrid and electric vehicles, buyers will be awarded with USD 7,500 tax credit, which will eventually encourage customers to purchase EV vehicles. With the rising EV production and sales, both of which are interdependent, Li-ion battery demand is certain to witness an upsurge, stimulating the regional lithium ion battery market outlook.

The U.S. lithium ion battery market has also gained traction on account of the presence of a large number of regional players that have been pulling all the stops to advance battery technology and extend their business beyond domestic borders. Tesla for instance, the renowned U.S. lithium ion battery industry contender, has had a long-standing collaboration with Panasonic, one of the leading players of Japan lithium ion battery market. Recently at the 2018 Consumer Electronics Show, Panasonic unveiled some information about its partnership with Tesla, claiming that its Li-ion battery factory within Tesla's Gigafactory is equipped to handle the production of 2170-size cylindrical battery cells for the latter's energy storage system. Tesla also revealed plans of establishing another Gigafactory and is likely to extend its collaboration with Panasonic for Li-ion battery production and supply.

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In the years to come, lithium ion battery market is likely to face a multitude of challenges, especially with regards to the cobalt content present in the product, that has become controversial due to numerous reasons, prime among them being the increasing costs of the rare mineral. Renowned industry contenders such as Panasonic, Samsung, and Apple plan to tackle this issue by reducing the amount of cobalt in Li-ion batteries, replacing it with other materials, while simultaneously striving to maintain the inherent characteristics of these batteries. Driven by the unending efforts of prominent contenders, lithium ion battery market is forecast to attain a valuation of USD 60 billion by 2024.

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights
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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