openPR Logo
Press release

Lithium-ion Battery Market Is Projected To Hit Usd129.3 Billion By 2027 At A Cagr Of 18.0% - Valuates Reports

05-04-2021 11:03 AM CET | Energy & Environment

Press release from: Valuates Reports

Lithium-ion Battery Market Is Projected To Hit Usd129.3 Billion

The Lithium-Ion Battery Market is segmented by Component (Cathode, Anode, Electrolytic Solution, and Others), End-use Industry [Electrical & Electronics (Smartphones &Tablet/PC, UPS, and Others) and Automotive (Cars, Buses, &Trucks; Scooters & Bikes;and Trains & Aircraft), and Industrial (Cranes & Forklift, Mining Equipment, and Smart Grid & Renewable Energy Storage). It also covers Global Opportunity Analysis and Industry Forecast to 2027. This report is published on Valuates Reports in the Chemical Industries Category.

The global lithium-ion battery market was valued at USD 36.7 billion in 2019 and is projected to hit USD 129.3 billion by 2027, at a CAGR of 18% from 2020 to 2027.

Major factors driving the growth of lithium-ion battery market size are growing R&D initiatives, increasing consumer electronics adoption, increasing demand for plug-in vehicles, rising need for automation, and battery-operated material-handling equipment in industries.

Advocacy for public and private investment in hybrid cars and electric vehicles has resulted in an increase in research and development (R&D) aimed at producing more efficient and cost-effective lithium-ion batteries. This high level of interest has also led to a rapid expansion of the battery production capacity and has resulted in overcapacity and fragmentation in the Lithium-ion battery market.

Inquire For Sample: https://reports.valuates.com/request/sample/ALLI-Manu-1G27/Lithium_ion_Battery_Market

TRENDS INFLUENCING THE LITHIUM-ION BATTERY MARKET SIZE

The recycling initiative that has been started is expected to increase the lithium-ion battery market size. Recycled Li-ion batteries are expected to protect the supply of raw materials, such as lithium and cobalt, and to reduce the dependency on mining and processing materials from natural resources. The recycling of lithium-ion batteries currently used in electric vehicles offers an excellent opportunity for companies to use the refined constituent materials to manufacture lithium-ion batteries to be used in energy storage systems (ESS).

Li-ion batteries can be recharged hundreds of times and are more stable. They seem to have a higher energy density, voltage power and lower self-discharge rates than other rechargeable batteries. This increases power efficiency as a single cell has more charge retention than other forms of batteries. These features are, in turn, expected to fuel the growth of the Li-ion battery market size.

Electrical Vehicles, Large-scale energy storage and stationary standby applications such as UPS and switchgear & control are expected to drive Lithium-ion battery market size.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-1G27/lithium-ion-battery

LITHIUM-ION BATTERY MARKET SHARE ANALYSIS

Asia-Pacific region is expected to hold the largest Lithium-ion battery market share. This dominance of the Asia Pacific region is an attribute to the growing technological changes and increasing government emphasis on reducing greenhouse gas emissions. The area also has a well-established infrastructure that allows for faster adoption of advanced technologies. In addition, the increasing number of manufacturers supplying lithium-ion batteries at relatively lower prices is another major driver of the growth of the lithium-ion battery market in the region.

North America is expected to see considerable growth over the projected period due to increasing consumer electronics and automobile sales across countries such as the United States and Mexico. The rising demand for lithium-ion batteries in cell phones due to improved performance and extended battery life is expected to drive the Lithium-ion market size in the North American region. Europe and North America are major consumer segments due to a high degree of recognition of the need for energy-efficient batteries.

Inquire For Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-1G27/Lithium_ion_Battery_Market

KEY SEGMENTATION

By Component

Cathode
Anode
Electrolytic Solution
Others
By End-use Industry

Electrical & Electronics
Smartphones &Tablet/PC
UPS
Others
Automotive
Cars, Buses, & Trucks
Scooters & Bikes
Trains & Aircraft
Industrial
Cranes & Forklift
Mining Equipment
Smart Grid & Renewable Energy Storage
By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Buy Now for Single User + COVID-19 Impacts: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-1G27&lic=single-user

Buy Now for Enterprise User + COVID-19 Impacts: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-1G27&lic=enterprise-license

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

CONTACT US:

Valuates Reports
sales@valuates.com
Bangalore, India
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lithium-ion Battery Market Is Projected To Hit Usd129.3 Billion By 2027 At A Cagr Of 18.0% - Valuates Reports here

News-ID: 2279419 • Views: 162

More Releases from Valuates Reports

Electric Scooter Market Size Worth $7384.9 Million By 2026 | Industry Analysis, …
The global Electric Scooter market is valued at US$ 5444.7 million in 2020 is expected to reach US$ 7384.9 million by the end of 2026, growing at a CAGR of 4.4% during 2021-2026. This report focuses on Electric Scooter volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Electric Scooter market size by analysing historical data and future prospect.
Healthcare IT Consulting Market Size, Share, Industry Analysis, Growth, Market R …
This report focuses on the global Healthcare IT Consulting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Healthcare IT Consulting development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America. Request a Sample Copy of the Research Report: https://reports.valuates.com/request/sample/QYRE-Auto-34U958/Global_Healthcare_IT_Consulting_Market The key players covered in this study o IBM Corporation o General Electric (GE) Company o Siemens Healthineers o Cerner Corporation o Mckesson
1,4-Butanediol Market Size, Share, Growth | Industry Analysis, Market Report 202 …
The global 1, 4 Butanediol market size is projected to reach US$ 9559.7 million by 2027, from US$ 5523.2 million in 2020, at a CAGR of 7.7% during 2021-2027. 1,4-Butanediol is used industrially as a solvent and in the manufacture of some types of plastics, elastic fibers and polyurethanes. 2,3-Butanediol is a chemical compound with the molecular formula C4H10O2. It has three stereoisomers, all of which are colorless, viscous liquids.
Advanced Semiconductor Packaging Market Size, Share, Industry Analysis, Market R …
The global Advanced Semiconductor Packaging market size is projected to reach US$ 24180 million by 2027, from US$ 15670 million in 2020, at a CAGR of 7.5% during 2022-2027. Advanced packaging is a general grouping of a variety of distinct techniques, including 2.5D, 3D-IC, fan-out wafer-level packaging and system-in-package, etc. Top 5 manufacturers accounted for 43.06% market share in 2019. Request a Sample Copy of the Research Report: https://reports.valuates.com/request/sample/QYRE-Othe-1J456/Advanced_Semiconductor_Packaging_Market Advanced Semiconductor Packaging Market: Drivers

All 5 Releases


More Releases for Battery

Global Aircraft Battery Market
Global Aircraft Battery Market – Industry Analysis and Forecast (2018-2026) – by Type, Application, Aircraft Type, and Region. Global Aircraft Battery Market was valued at US$ 478.21Mn in 2017 and is expected to reach US$ 900.32Mn by 2026, at a CAGR of 8.23% during a forecast period. A battery is a device containing one or more cells that convert chemical energy directly into electrical energy. Major driving factors of the Aircraft Battery
Global Battery Electrolyte Market
Global Battery Electrolyte Market: Industry Analysis and Forecast (2018-2026) –By Electrolyte Type, Battery Type, End-Users and Region. Global battery electrolyte market size was valued at US$ 3.7 Bn in 2017 and is expected to reach US$ 7.0 Bn by 2026 to exhibit a CAGR of 8.3 % during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data,
Battery Testing Equipment Market
2019-2025 Battery Testing Equipment Market Report with Depth Analysis Technological advancements such as lead-acid batteries with increased life cycle and better efficiency have increased the demand for rechargeable batteries. More than ever before, these rechargeable batteries have increased the demand for portable products such as powered tools, et cetera. Request For Free report Sample -https://www.reportsmonitor.com/request_sample/292961 Scope of the Report: Furthermore, Battery Testing Equipment Market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks
Lithium Polymer Battery Market
Lithium polymer (LiPo) battery or more accurately known as lithium ion polymer battery is a rechargeable battery found in a pouch format. LiPo battery uses polymer electrolyte instead of commonly used liquid electrolyte. This battery primarily works on the principle of de-intercalation and intercalation of lithium ions from positive electrode materials to negative electrode materials. For the purpose of providing detailed analysis, global lithium polymer battery market can be segmented
Solid State Battery Market -
Solid state batteries are the batteries which are particularly lightweight and long-lasting, owing to their being designed with electrode and electrolyte materials. The bulky, flammable, liquid-core rechargeable lithium-ion (Li-Ion) batteries of today will be made obsolete by solid-state batteries. Solid Batteries are becoming increasingly relevant with the adoption of electric vehicles (EVs) and the unending growth in usage of portable electronic devices. The key reasons driving the growth of the All-Solid-State
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017 A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery