Global Lithium-ion Battery Market Trends 2020 | Segmentation, Outlook, Industry Report to 2026

The global market for lithium-ion battery is projected to have a considerable CAGR of around 14.6% during the forecast period. Lithium-ion batteries are rechargeable batteries in which lithium ions move from cathode to anode during discharge and back through an electrolytic solution when recharged. Lithium-ion batteries gained popularity due to their usage in major applications which include automotive, consumer, and industrial owing to their additional features such as high-open circuit voltage, low self-discharge, and low maintenance, and longer shelf life. Lithium-ion batteries are majorly used in consumer electronics such as laptops, smartphones, smartwatches, activity trackers, and many more. The increasing demand for these applications augmented the growth of the market.

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Moreover, the other application of these batteries gaining ground in recent years is their use in military, aerospace, and electric vehicles including BEVs, PHEVs, HEVs. The supportive government initiatives for the adoption of electric vehicles to curb the environmental pollution generated by ICE vehicles is the major factor that accelerates the growth of electric vehicles which, in turn, further increases the demand for lithium-ion batteries as its main component. However, the main concern associated with the production of lithium-ion batteries is its cost. The high cost of batteries is anticipated to restrain the market growth. The technology innovations to reduce the cost of these batteries with high power capacity can generate more opportunities in the lithium-ion battery market.

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Global Lithium-Ion Battery Market Segmentation

By End-User
• Automotive
• Consumer Electronics
• Industrial

Regional Analysis

North America
• United States
• Canada

Europe
• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific
• India
• China
• Japan
• Rest of APAC
Rest of The World

Company Profiles
• BYD Company Ltd.
• ENVISION AESC GROUP LTD (Envision Group)
• BASF SE
• Contemporary Amperex Technology Co., Ltd.
• CALB Inc.
• Energus Power Solutions, Ltd
• Farasis Energy(GanZhou)Co.,Ltd.
• GS Yuasa International Ltd.
• Showa Denko Materials Co., Ltd. (Hitachi Chemical Co., Ltd)
• Johnson Controls, Inc.
• LG Chem.
• LITHIUMWERKS
• MaxPower, Inc.
• Navitas System, LLC
• Panasonic Corp.
• ProLogium Technology Co., Ltd.
• Solvay SA
• SAMSUNG SDI CO.,LTD
• Toshiba Corp.
• VARTA AG
• Umicore N.V.

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