Lithium-ion Battery Market to Reach US$ 93.3 Billion by 2028 | CAGR of 13.2%

IMARC Group's latest research report, titled "Lithium-ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," The global lithium-ion battery market size reached US$ 45.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 93.3 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.

Lithium-ion Battery Industry Outlook:

A lithium-ion battery (LIB) is a rechargeable battery that utilizes an intercalated lithium compound as its electrode. It comprises graphite anodes, lithium cobalt and manganese, and organic electrodes and works as an electrochemical storage device. In comparison to traditional counterparts, it exhibits a higher energy density, requires minimal maintenance, and has a lower self-discharge rate. Besides this, it also offers an excellent energy-to-weight ratio, high open circuit voltage, and does not require scheduled cycling. As a result, it is extensively adopted across numerous verticals, such as automotive, aerospace, military, and consumer electronics.

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Global Lithium-ion Battery Industry Demand:

The growing demand for consumer electronics among the masses is driving the global market. Coupled with the shifting preferences toward compact and portable devices has led to the escalating demand for efficient storage and power backup solutions, thereby catalyzing the demand for lithium-ion batteries. Along with this, the growing adoption of electric vehicles (EVs) due to increasing focus on sustainable development is providing a boost to the market.

Moreover, the widespread utilization of robotic solutions across multiple industries, along with the deployment of smart grids and renewable energy systems, are fostering the market favorably. Other factors, including rapid industrialization, and continuous product innovations, are also influencing the market.

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Key Market Segmentation:

Top Lithium ion Battery Manufacturers in World:

• A123 Systems LLC
• AESC SDI CO.,LTD
• LG Chem Ltd.
• Panasonic Corporation
• SAMSUNG SDI CO.,LTD.
• Toshiba Corporation
• BAK Group
• Blue Energy Limited
• BYD Company Ltd.
• CBAK Energy Technology, Inc.
• Tianjin Lishen Battery Joint-Stock CO.,LTD.
• Valence Technology, Inc.
• SK innovation Co., Ltd
• Hitachi, Ltd

Breakup by Application:

• Consumer Electronics
• Electric Vehicle
• Energy Storage
• Others

Breakup by Power Capacity:

• 0 to 3000mAh
• 3000mAh to 10000mAh
• 10000mAh to 60000mAh
• More than 60000mAh

Breakup by Product Type:

• Lithium Cobalt Oxide
• Lithium Iron Phosphate
• Lithium Nickel Manganese Cobalt
• Lithium Manganese Oxide
• Others (Li-ion Nickel Cobalt Aluminium Oxide and Li-ion Titanate Oxide)

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Lithium-ion Battery Market Research Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Lithium-ion Battery Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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