Press release
Excessive Growth Opportunities Estimated To Be Experienced By Li-Ion Battery Pack Market During 2021-2031
The global Li-Ion battery pack market was valued at US$ 57.4 billion in 2020 and is expected to add value worth US$ 3.3 billion during the forecast period. The market is anticipated to expand at a CAGR of 2.7%. However, amid the COVID-19 pandemic, the market is poised to stagnate for the next couple of financial quarters. This is attributed to a significant drop in the demand for Li-ion battery packs globally. The adoption is expected to remain low as stringent lockdowns amid COVID-19 has created exceptional dormancy in end use industries such as consumer electronics, and automotive industry.To Get In-depth Information View Full Report – https://www.factmr.com/report/3120/lithiumion-battery-pack-market
In addition, impact of COVID-19 on the mining industry has lowered the production of lithium. Consequently, companies in East Asia which have resumed operations post-lockdown are experiencing insufficient raw material supply, compelling companies to work at a significantly lower capacity. This in turn, is poised to disturb the business eco – system in the global li-ion battery pack market. However, the market is projected to create significant opportunity in the second half of the forecast period, when impact of COVID-19 pandemic will be brought under control globally.
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Key Takeaways of Li Ion Battery Pack Market
Global Li-ion battery pack market is expected to grow at a volume CAGR of 2.6%, expanding 1.3X in terms of value from 2020 through 2030.
Lithium cobalt oxide battery type will hold the maximum share in terms of value, at US$ 64.4 billion by the end of forecast period (2020 – 2030).
Pouch cells are set to grow at a value CAGR of 4.7% and are expected to gain 271 BPS on their market share by the end of forecast period.
Nominal voltage less than 12V is expected to account for majority share in terms of value. It is projected to create absolute $ opportunity of more than US$ 8.9 billion during the forecast period.
Batteries with capacity less than 20KWhr & 30-60KWhr are projected to grow at a value CAGR of 3.2% & 2.4% respectively and will collectively create absolute $ opportunity of more than US$ 14.6 billion by the end of the forecast period.
Automotive end use sector is anticipated to hold more than 89% share, creating an absolute $ opportunity of more than US$ 15.2 billion during forecast period.
APEJ is prophesied to hold maximum share in terms of value and will expand at CAGR of 3% by the end of the forecast period.
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Key Segments Covered
Product Type
Lithium Cobalt Oxide Battery Pack
Lithium Magnesium Oxide Battery Pack
Lithium Iron Phosphate Battery Pack
Lithium Nickle Manganese Cobalt Oxide Battery Pack
Lithium Nickle Cobalt Aluminium Oxide Battery Pack
Lithium Titanate Battery Pack
Cell Type
Cylindrical Li-Ion Battery Pack
Prismatic Li-Ion Battery Pack
Pouch Li-Ion Battery Pack
Nominal Voltage
Less than 12V Li-Ion Battery Pack
12V Li-Ion Battery Pack
24V Li-Ion Battery Pack
More than 24V Li-Ion Battery Pack
Battery Capacity
>20 kWh Li-Ion Battery Pack
30-60 kWh Li-Ion Battery Pack
60-80 kWh Li-Ion Battery Pack
More than 80 kWh Li-Ion Battery Pack
End Use
Automotive Li-Ion Battery Pack
BEV
PHEV
HEV
Consumer Electronics Li-Ion Battery Pack
Laptops
Digital Camera
AIDC
Others
Medical Devices Li-Ion Battery Pack
Industrial & Grid Energy Li-Ion Battery Pack
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4693
Crucial insights in the Li-Ion Battery Pack Market research:
Underlying macro- and microeconomic factors impacting the growth of the Li-Ion Battery Pack Market Basic overview of the Li-Ion Battery Pack Market including market definition, classification, and applications.
Scrutinization of each Li-Ion Battery Pack Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Li-Ion Battery Pack Market across various industries.
Important regions and countries offering lucrative opportunities to Li-Ion Battery Pack Market stakeholders.
For More Insights- https://www.einpresswire.com/article/556952826/why-is-the-japan-an-opportunistic-cellulose-automotive-air-filter-landscape-report-fact-mr
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US Sales Office:
11140 Rockville Pike,
Suite 400, Rockville,
MD 20852,
United States,
Tel: +1 (628) 251-1583,
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
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