Press release
Lithium Ion Battery Market to Expand at Impressive 14% CAGR through 2030
Lithium Ion Battery Market 2021-2030
New Study Reports " Lithium Ion Battery Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2030" has been Added on PersistenceMarketResearch.
Report Details:
The global lithium ion battery market is estimated to expand at a CAGR of around 14% by value over the next decade, and reach a valuation of US4 127 Bn by 2030.
The rapidly growing fleet of electric vehicles (EVs) is one of the most important driving factors for the lithium ion battery market. The automotive industry has been witnessing a visible shift from using nickel metal batteries to lithium ion batteries in plug-in vehicles and EVs. The beneficial physical characteristics of lithium ion batteries such as small size and light weight have bolstered their demand across the automotive industry.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – Panasonic Corporation, LG Chem, Samsung SDI Co. Ltd., and Contemporary Amp Technology Co. Ltd. Manufacturers.and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Lithium Ion Battery.
Key Takeaways from Lithium Ion Battery Market Study
Increasing growth of the automotive industry in developing countries has led to a substantial rise in the demand for lithium ion battery packs in emerging economies in Asia Pacific, such as India and China. In addition, South Korea, which is one of the leading lithium battery producing countries in the world, is expected to emerge as a lucrative market for lithium ion battery pack manufacturers in the coming decade.
In recent years, lithium ion batteries have become highly prevalent in commonly used portable electronic equipment, such as smartphones, tablets/PCs, digital cameras, and power tools. Owing to their superior performance over other battery technologies, especially when space is a big concern, lithium ion batteries are witnessing sustained demand from consumer electronics manufacturers.
Currently, Asian manufacturers are investing in additional and new production capabilities close to major demand centers, i.e. in Asia, the U.S., and Europe. This is anticipated to further open new opportunities for serving clients in these regions.
The COVID-19 pandemic has affected all industries, including the lithium ion battery market in a big way. Plummeting auto sales and raw material procurement issues due to various restrictions will affect market growth in the near term.
“In the backdrop of a potential rise in sales, leading manufacturers in the lithium ion battery market are concentrating on reducing their prices to sustain the competition. In addition to this, incorporating innovative materials for the manufacturing of lithium ion batteries so as to slash production cost is emerging as a popular trend among manufacturers,” says a PMR analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Lithium Ion Battery Market Manufacturers
Lithium Ion Battery Market Distributors/Traders/Wholesalers
Lithium Ion Battery Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
Major Highlights of the Lithium Ion Battery Market Report:
The Lithium Ion Battery Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Lithium Ion Battery Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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