Automotive Li-Ion Battery Market Share 2021: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027 - Panasonic, Samsung SDI, LG Chem, CATL

The Automotive Li-Ion Battery Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Automotive Li-Ion Battery Market Size is Projected to Reach at a CAGR of 12% during 2021-2027.

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Market Overview:

The market for lithium-ion batteries is anticipated to observe the fastest growth during the forecast period. A lithium-ion battery is equipped for applications, which demand high-energy density solutions such as hybrid and electric automobiles. Additionally, in an effort to increase vehicle economies, manufacturers are continuously focusing on reducing the price of the battery, propelling the market growth, globally. Compared to the traditional battery technology, lithium-ion batteries charge faster, last longer, and they have a higher power density for more battery life in a lighter package. The automotive lithium-ion battery has emerged as an eco-friendly, rechargeable power source compared to conventional batteries such as lead-acid and nickel-metal hydride batteries. With the implementation of stringent fuel efficiency norms in countries such as the United States, India, Germany, and Japan, manufacturers are trying to reduce the cost of lithium-ion batteries, in turn increasing the demand for electric vehicles. For instance, in September 2019, Maruti Suzuki partnered with Toshiba and Denso to set up the world’s largest automotive lithium-ion battery manufacturing unit in Gujrat (India).

Top Leading Companies:

Panasonic, Samsung SDI, LG Chem, CATL, ATL, Murata, BYD, Tianjin Lishen Battery, BAK Power, Toshiba, AESC, Saft

Recent Developments

In November 2020, Delhi-based battery maker Inverted Energy announced the opening of its lithium battery manufacturing facility in New Delhi, India. The commissioning of the plant, which currently has a production capacity of 100 MWh (megawatt hour) annually, is aimed at reducing the dependence on China.
In December 2020, LG Chem Ltd announced its plans to more than double the production capacity of battery cells it makes in China for Tesla Inc. electric vehicles (EV) in 2021 to keep up with its US client's growth in the biggest car market. The firm, a supplier for Tesla's Shanghai-built Model 3, would also ship its increased output from China and Korea to Tesla's factories in Germany and the United States.

Panasonic has acquired 19 companies, including 10 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 7 assets. Panasonic’s largest acquisition to date was in 2021 when it acquired Blue Yonder for $8.5B. Its largest disclosed sale occurred in 2013 when it sold PHC Holdings to KKR for $1.7B. Panasonic has acquired in 9 different US states, and 8 countries. The Company’s most targeted sectors include software (28%) and electronics (17%). Panasonic Corporation is a manufacturer of electronics. It manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe. Panasonic was founded in 1918 and is based in Kadoma, Japan.

Automotive Li-Ion Battery Market Segmentation by Type:

5-47 Wh
48-99 Wh
100-250 KWh
More than 250 KWh

Automotive Li-Ion Battery Market Segmentation by Application:

BEV
HEV

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The Asia-Pacific Region to Dominate the Automotive Battery Market

The Asia-Pacific region is expected to have the fastest growth in the automotive battery market value, owing to the increasing demand for such vehicles and high sales of passenger cars, commercial cars, and motorcycles. However, North America dominates the automotive battery market outlook as all the string lead-acid battery manufacturers are in the region, leading to the increasing demand for electric vehicles. The area also has strict norms toward using eco-friendly products, ensuring the automotive battery market share's sharp rise. Growing product demand in automotive applications in various countries, including South Korea, India, Malaysia, and Indonesia, is likely to influence the region's growth during the forecast period positively. Furthermore, ongoing product developments by various companies to manufacture cost-efficient and high-performance vehicles are projected to contribute to the regional market's growth. In addition, government initiatives to provide subsidies based on the price difference between EVs and Internal Combustion Engine (ICE)-enabled vehicles, with a maximum limit of CNY 85,000, are also providing a fillip to the market in the Asia-Pacific region.

Regional Automotive Li-Ion Battery Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Automotive Li-Ion Battery Market Report:

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

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Automotive Li-Ion Battery Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Li-Ion Battery industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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