Lithium-Ion Batteries Market Report 2020 New Opportunities for Sustained Growth and Expansion 2023

The Global Lithium-Ion Batteries Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2023. Lithium-Ion Batteries Market report is a valuable source of data for business strategists. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). The report explores the current outlook in global and key regions from the perspective of players, countries, product types, and end industries. This Lithium-Ion Batteries Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The global lithium-ion batteries market was worth $31.36 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 18.16% and reach $61.14 billion by 2023.

The lithium-ion (Li-ion) batteries market consists of sales of lithium-ion batteries and related services that are used in electric vehicles, mobiles, laptops, power backups and other electronic devices. The lithium-ion battery is a type of rechargeable battery having high energy density that uses lithium ions as primary component of its electrolyte. Lithium-ion batteries are commonly used in consumer electronic devices.

Top Companies: A123 Systems, Automotive Energy Supply Corp, LG Chem, Panasonic, Samsung SDI, Toshiba, BYD, Automotive Energy Supply Corp, Contemporary Amperex Technology, and Johnson Controls.

Click the link For Sample Copy of the Report at:

https://www.marketinsightsreports.com/reports/05072013845/lithium-ion-batteries-global-market-report-2020-markets-covered-1-by-power-capacity-0-to-3000-mah-3000-to-10000mah-10000-to-60000-mah-above-60000mah-2-by-application-consumer-electronics-automotive-marine-aerospace-defense-medical-industrial-power-others-companies-mentioned-a123-systems-automotive-energy-supply-corp-lg-chem-panasonic-samsung-sdi/inquiry?mode=31&MW

Market Overview:

Safety concerns towards lithium-ion batteries is the major challenge faced by the lithium-ion batteries market. Lithium-ion batteries generate large amounts of energy, associated with the risk of explosion or fire. The temperature in lithium-ion batteries should never rise above 130C which may lead to thermal runaway. Major causes of failure in lithium-ion batteries can be a puncture, overcharge, overheating, short circuit, internal cell failure, and deficiencies in the manufacturing process. For example, the United States Federal Aviation Administration (FAA) reported around 206 airport Li-ion battery explosion incidents between March 1991 and January 2018. Several Tesla Model S sedans caught fire after battery shield getting damaged by road debris in 2013. Therefore, inadequate safety in lithium-ion batteries hindering the lithium-ion batteries markets growth.

Segmentation Analysis:

The lithium-ion (Li-ion) batteries market is segmented by power capacity into 0 to 3000 mAh, 3000 to 10000 mAh, 10000 to 60000 mAh, above 60000 mAh. It is also segmented by application into consumer electronics, automotive, marine, and aerospace & defense, medical, industrial, power, others.

Declining lithium-ion battery prices boosts the sales of lithium-ion batteries. Change in materials technology, manufacturing processes, overhead costs, and huge investments in lithium-ion battery industry contributed to the reduction in lithium-ion battery prices. Lithium-ion battery prices with combined cost for cell and pack have dropped down by 73% from US$650 in 2013 to US$176 per KWh in 2018, and according to Navigant Consulting Research report, it is estimated to reach US$76 per kWh by 2030.

Competitve Analysis

In February 2019, Royal Dutch Shell, a British-Dutch oil and gas company acquired Sonnen, a German home energy-storage startup for an undisclosed amount. The acquisition improves Sonnens ability to compete with Tesla, Samsung and LG in Europe, US, Australia and all markets where rooftop solar installations are increasingly popular. Sonnen has installed over 40,000 battery packs in homes around the world. It uses lithium-iron-phosphate batteries, which are known to be cheaper and longer lasting than the nickel-cobalt-manganese batteries that Tesla uses for both electric cars and home energy-storage systems.

Explore Full Report With Detailed TOC Here:

https://www.marketinsightsreports.com/reports/05072013845/lithium-ion-batteries-global-market-report-2020-markets-covered-1-by-power-capacity-0-to-3000-mah-3000-to-10000mah-10000-to-60000-mah-above-60000mah-2-by-application-consumer-electronics-automotive-marine-aerospace-defense-medical-industrial-power-others-companies-mentioned-a123-systems-automotive-energy-supply-corp-lg-chem-panasonic-samsung-sdi?mode=31&MW

Regional Analysis: For comprehensive understanding of market dynamics, the global Lithium-Ion Batteries analyzed across key geographies namely: United States, China, Europe, Japan, Middle East & Africa, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Significant Features that are under Offering and Key Highlights of the Reports:

-Detailed overview of Lithium-Ion Batteries Market
-Changing Lithium-Ion Batteries market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Lithium-Ion Batteries market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Lithium-Ion Batteries Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com|irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.