[PDF] Lithium Ion Battery Industry 2021-2027 Market Company Business Overview, Sales, Revenue and Gross Margin | KP123

Lithium Ion Batteries were introduced in 1970, are voltage-limiting devices, tighter voltage tolerances and are generally lighter than other types of rechargeable batteries of the same size. A lot of energy can be stored in lithium ion batteries as lithium is a highly reactive element. They have a very high energy density with low maintenance and a lithium-ion battery has the capacity of storing 150 watt-hours of electricity in 1 kilogram of battery. Some of the lithium ion battery provide high current density and are the choice for the consumers of mobile electronic equipment, while others provide high current levels and are therefore suitable for power tools and electric vehicles. Lithium-ion batteries are used in smartphones, e-cigarettes, hoverboards and electric vehicles.

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Some of the major companies operating in the global lithium-ion batteries market are LG Chem Ltd., Valence Technology Inc., Saft Groupe S.A., Panasonic Corporation, BYD Co. Ltd., Samsung SDI Co., Ltd., BAK Group, GS Yuasa Corporation, Johnson Controls Inc., Hitachi, Ltd., Toshiba Corporation, and A123 Systems, LLC. .

Lithium Ion Battery Market Taxonomy

On the basis of material type, the global market is segmented into:

Cathode
Anode
Binders
Foils
Electrolytic solution
Separators
On the basis of power capacity, the global market is classified into:

5–25 Wh
18–28 KWh
48–95 Wh
100–250 KWh
More than 300 KWh
On the basis of application, the global market is classified into:

UPS
Cars
Games
Aircraft
Mining equipment
Smart Grid
Smartphones
Trucks
Gardening tools

Lithium Ion Battery Market Outlook – Increasing Demand for Automotive Applications to be the Major Market Driver
According to a report by Battery Power, “Global trends of energy storage systems that require lithium ion batteries are expected to triple from less than $2 billion in 2015 to roughly $6 billion by 2020.” Asia Pacific is expected to be the most potential market for lithium ion battery manufacturers. Rapidly increase in the automotive industry marks the increasing demand of lithium ion batteries for consumer and the commercial goods in countries such as India and China. According to Li3Energy, “The government of the Republic of South Korea, one of the world's leading lithium battery producing nations has mandated to invest US$12.5 billion over the next ten years in lithium resource projects and considered lithium a "strategic commodity".

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Key Developments

Increasing research and development related to lithium ion batteries is expected to boost the market growth. For instance, on September 06, 2019, researchers from Dalhousie University reported testing of a new lithium-ion cell battery with a probable lifespan of 20 years, or one million miles. The research was funded by Tesla, Inc.

Major automobile companies are focused on launching Li-ion battery-powered cars. For instance, on September 04, 2019, Porsche presented its first fully-electric sports car, Taycan to the public with a world premiere held simultaneously in simultaneous events in Germany, China, and Niagara Falls. The car is powered by 93-kilowatt-hour lithium-ion battery pack dual motors.

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