Lithium-ion Battery Market 2022 Outlook and Global Opportunity Analysis Stance Forecasted 2027 | LG Chem, BYD Company, Samsung SDI, Panasonic corporation, CATL

Astute Analytica published a new report on the Market. The global lithium-ion battery market report has extensive information about the market size, drivers, threats, opportunities, and growth factors. In addition, the research report contains COVID-19 impact, regional insight, competitors analysis, and segmentation.

The global Lithium-ion Battery Market was valued at US$ 60,385.6 Mn in 2021 and is projected to reach US$ 1,85,040.3 Mn by 2027. The market is expected to register a CAGR of 20.5% during the forecast period 2022-2027.

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According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures.

Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.

Impact Analysis of COVID-19

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Regional Insights

By Type Segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
Lithium Nickel Magnesium Cobalt (LI-NMC)
Lithium Ferro Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Titanate Oxide (LTO)
Lithium Manganese Oxide (LMO)
Lithium Nickel Cobalt Aluminum Oxide (NCA)

By Power Capacity Segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
0-300 mAH
3,000-10,000 mAH
10,000-60,000 mAH
More than 60,000 mAH

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By Application segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
Consumer Electronics OEMs
Smartphones
Laptops
UPS Systems
Smart Cameras
Smart Watches
Smart Glasses
Smart Textiles
Others
Automotive OEMs
Hybrid Electric Vehicles (HEVs)
Battery Electric Vehicles (BEVs)
Others (Service Stations/Dealers)
Energy Storage
Commercial
Industrial
Residential
Utilities
Industrial OEMs
Military
Industrial Equipment
Medical
Marine
Telecommunication
Mining
Forklifts
Others
Other OEMs
Aftermarket

By Form/Design Segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
Pouch
Cylindrical
Elliptical
Prismatic
Custom Design

By Region Segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia & New Zealand
Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America

Key Players Insights
Key players holding majority of the market share in the global lithium-ion battery marketplace are LG Chem, BYD Company, Samsung SDI, Panasonic corporation and CATL among others.

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