Press release
Rising Popularity Of Electric Vehicles Is Propelling The Demand For Lithium-Ion Battery Packs Market
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of U.S. Lithium-ion Battery Packs. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of U.S. Lithium-ion Battery Packs across various industries and regions.
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Lithium-ion batteries have several advantages over nickel-cadmium variants. Lithium-ion batteries provide significantly high energy density, which is used for powering electronic devices for a longer duration of time. This is one of the major advantages supporting the growth of the lithium-ion battery packs market. Low maintenance needs and a lesser rate of self-discharge allow lithium-ion batteries to have a competitive edge over other types of batteries.
Furthermore, the lithium-ion battery technology can be improved with the development of new variants to meet different market requirements, ranging from powering smartphones to plug-in hybrid vehicles. Low-cost, energy-efficient, and environment-friendly nature of lithium-ion batteries is supporting market demand.
Moreover, strict regulations implemented by governments across the world to curb pollution are further supplementing market growth.
Short Term (2022 Q2 to 2025): Escalating adoption of electric vehicles to support short-term demand growth of lithium-ion battery packs.
Medium Term (2025-2028): Medium-term market growth to be fueled by introduction of lithium-ion batteries with longer lifespan.
Long Term (2028-2032): Incorporation of technologically-advanced features in lithium-ion battery packs to propel long-term market growth.
The worldwide lithium-ion battery packs market witnessed 9.2% CAGR during the historic years of 2017-2021. ESOMAR-certified market research and intelligence provider, Fact.MR, analyses that the market is poised to register a higher 12.4% CAGR during the assessment period (2022-2032).
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Competitive Landscape
Market players in the lithium-ion battery packs market are forming partnerships with other industry players and are launching innovative solutions to capture a larger market share. They are emphasizing launching advanced lithium-ion battery packs as a measure of capacity expansion to garner a wider consumer base.
For instance:
Tesla Inc. confirmed the acquisition of SilLion Inc. in 2021. This company is a Colorado-based battery start-up and the acquisition is for a new patent for a silicone-based battery anode.
EnerSys launched highly-efficient NexSys iON batteries in 2021 as an addition to its portfolio of power solutions. These batteries are equipped with sustainable nickel manganese cobalt (NMC) format prismatic cell chemistry. They deliver high energy volume and have a smaller ecological footprint.
Fact.MR has provided detailed information about the price points of key manufacturers of lithium-ion battery packs positioned across the U.S., sales growth, production capacity, and speculative technological expansion, in the recently published report.
U.S. Lithium-ion Battery Pack Industry Research by Category
U.S. Lithium-ion Battery Pack Market by Product Type :
Lithium Cobalt Oxide
Lithium Magnesium Oxide
Lithium Iron Phosphate
Lithium Nickel Manganese Cobalt Oxide
Lithium Nickel Cobalt Aluminium Oxide
Lithium Titanate
U.S. Lithium-ion Battery Pack Market by Cell Type :
Cylindrical
Prismatic
Pouch
U.S. Lithium-ion Battery Pack Market by Nominal Voltage :
Less than 12V
12V
24V
More than 24V
U.S. Lithium-ion Battery Pack Market by Battery Capacity :
Less than 30 kWh
30-60 kWh
60-80 kWh
More than 80 kWh
U.S. Lithium-ion Battery Pack Market by End Use :
Automotive
BEVs
PHEVs
HEVs
Consumer Electronics
Laptops
Digital Cameras
AIDC
Others
Medical Devices
Industrial & Grid Energy
U.S. Lithium-ion Battery Pack Market by Region :
West U.S.
South-West U.S.
Mid-West U.S.
North-East U.S.
South-East U.S.
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Key Question answered in the survey of U.S. Lithium-ion Battery Packs report:
Sales and Demand of S. Lithium-ion Battery Packs
Growth of S. Lithium-ion Battery Packs Market
Market Analysis of S. Lithium-ion Battery Packs
Market Insights of S. Lithium-ion Battery Packs
Key Drivers Impacting the S. Lithium-ion Battery Packs market
Which are the Key drivers impacted by S. Lithium-ion Battery Packs market
S. Lithium-ion Battery Packs Market Growth
Market Survey of S. Lithium-ion Battery Packs
More Valuable Insights on U.S. Lithium-ion Battery Packs
Fact.MR, in its new report, offers an unbiased Market Analysis of U.S. Lithium-ion Battery Packs, Sales and Demand of U.S. Lithium-ion Battery Packs, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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