Lithium-ion Battery Market Report Covers Detailed Industry Scope, Future Market Size Scenario and Elaborates Outlook to 2027

The growth of the global lithium-ion battery market is driven by an increase in demand for energy conservation among automotive companies by using lithium-ion batteries.

According to the report by Allied Market Research, the global lithium-ion battery market contributed $36.7 billion in 2019 and is estimated to reach $129.3 billion by 2027, growing at a CAGR of 18.0% from 2020 to 2027.

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The report offers a detailed analysis of changing market trends, key investment pockets, value chain, major segments, business performance, and competitive landscape.

Covid-19 Scenario:
• There has been a decline in demand for lithium-ion batteries during the Covid-19 pandemic due to reduced demand for electric vehicles.
• Major players across the globe, especially from India and China, have announced disruptions in shipments, production, project development, and research and development activities.

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Based on region, Asia-Pacific contributed the highest share in 2019, accounting for nearly two-fifths of the global lithium-ion battery market, and is estimated to maintain its lead position by 2027. On the other hand, North America is estimated to witness the highest CAGR of 18.7% during the forecast period.

Based on the end-use industry, the electrical & electronics segment accounted for nearly half of the total revenue of the global lithium-ion battery market in 2019 and is expected to maintain its dominance during the forecast period.

However, the automotive segment would maintain the fastest CAGR of 19.1% during the forecast period. The research also discusses the industrial segment.

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Leading players of the global lithium-ion battery market analyzed in the research include Automotive Energy Supply Corporation, Samsung SDI Co. Ltd., Panasonic Corporation, LITEC Co., Ltd., LG Chem Power (LGCPI), Toshiba Corporation, A123 Systems, LLC, China BAK Battery Co. Ltd., Hitachi Chemical Co., Ltd., and GS Yuasa International Ltd.

Key Findings Of The Study
• North America lithium-ion battery market is projected to grow at a rapid CAGR of nearly 18.7% during the projected period.
• Asia-Pacific is anticipated to dominate the global lithium-ion battery market during the entire forecast period.
• Asia-Pacific and North America collectively accounted for around 72.8% lithium-ion battery market share in 2019, with the former constituting around 39.9% share.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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