Lithium-Ion (Li-Ion) Market 2021 Size, Share, Trends, Growth and Outlook with Company Analysis and Forecast to 2025

The Global Lithium-Ion (Li-Ion) Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Lithium-Ion (Li-Ion) market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global lithium-ion (li-ion) market is expected to grow from $33.99 billion in 2020 to $39.04 billion in 2021 at a compound annual growth rate (CAGR) of 14.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $73.66 billion in 2025 at a CAGR of 17%.

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Top Companies in the Global Lithium-Ion (Li-Ion) Market: A123 Systems; Automotive Energy Supply Corp; LG Chem; Panasonic; Samsung SDI; Toshiba; BYD; Automotive Energy Supply Corp; Contemporary Johnson Controls; BAK Group; Blue Energy; Aviation Industry Corporation

Industry Updates:

In February 2019, Royal Dutch Shell, a British-Dutch oil and gas company acquired Sonnen, a German home energy-storage startup for an undisclosed amount. The acquisition improves Sonnens ability to compete with Tesla, Samsung and LG in Europe, US, Australia and all markets where rooftop solar installations are increasingly popular. Sonnen has installed over 40,000 battery packs in homes around the world. It uses lithium-iron-phosphate batteries, which are known to be cheaper and longer lasting than the nickel-cobalt-manganese batteries that Tesla uses for both electric cars and home energy-storage systems.

Market Overview:

The growth of the lithium-ion batteries market is mainly driven due to the presence of high energy density features in lithium-ion batteries. High energy density helps the lithium-ion battery to run for a longer period. Most of the lithium-ion batteries used in portable devices are cobalt-based which offers the highest energy density. The energy density of the lithium-ion batteries is 100-265 Wh/kg or 250-670 Wh/L, which is one of the highest energy densities of any battery technology. High energy density in a lithium-ion battery made it the most preferred battery to be used in mobile phones, laptops, cameras and automobiles. Therefore, positively impacting the lithium-ion battery markets growth.

Safety concerns towards lithium-ion batteries is the major challenge faced by the lithium-ion batteries market. Lithium-ion batteries generate large amounts of energy, associated with the risk of explosion or fire. The temperature in lithium-ion batteries should never rise above 130C which may lead to thermal runaway. Major causes of failure in lithium-ion batteries can be a puncture, overcharge, overheating, short circuit, internal cell failure, and deficiencies in the manufacturing process. For example, Several Tesla Model S sedans caught fire after battery shield getting damaged by road debris. Therefore, inadequate safety in lithium-ion batteries hindering the lithium-ion batteries markets growth.

The lithium-ion (Li-ion) batteries market is segmented by power capacity into 0 to 3000 mAh, 3000 to 10000 mAh, 10000 to 60000 mAh, above 60000 mAh. It is also segmented by application into consumer electronics, automotive, marine, and aerospace & defense, medical, industrial, power, others.

Segmentation:
1) By Power Capacity: 0 to 3000 Mah; 3000 to 10000mAH; 10000 to 60000 Mah; Above 60000mAH. 2) By Application: Consumer Electronics; Automotive; Marine; Aerospace & Defense; Medical; Industrial; Power; Others 3) By Component: Cathode; Anode; Separators; Electrolytes; Aluminium foil; Copper foil; Others 4) By Type: Lithium Nickel Manganese Cobalt (LI-NMC); Lithium Iron Phosphate (LFP); Lithium Cobalt Oxide (LCO); Lithium Titanate Oxide (LTO); Lithium Manganese Oxide (LMO); Lithium Nickel Cobalt Aluminum Oxide (NCA) 5) By Chemistry: LFP; LCO; LTO; NMC; NCA; LMO

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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