Lithium Ion Battery Market Size Boosting The Growth Worldwide | Johnson Controls International Plc., Saft Batteries, and BYD Company

The global lithium ion battery market was valued at $30,186.8 million in 2017, and is projected to reach $100,433.7 million by 2025, growing at a CAGR of 17.1% from 2018 to 2025. However, longer charging times of these batteries used in EV/PHV vehicles and their high price are the key factors, expected to restrict the market growth.

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Lithium ion (Li-ion) batteries are rechargeable batteries with high-energy density and are mainly used in portable equipment. The market for these batteries is expected to witness a significant growth owing to their increasing use in smartphones, tablets/PCs, digital cameras, and power tools. Moreover, the demand for Li-ion batteries in the automobile industry is expected to increase with the rise in demand for electric vehicles. These batteries have gained popularity among the automobile manufacturers as they offer an alternative to nickel?metal batteries used in electric vehicles, due to their small size and light weight. Thus, the increase in demand for electrical vehicle (EV), hybrid electric vehicle (HEV), and plug-in hybrid vehicle (PHV) is expected to foster the adoption of Li-ion batteries. Furthermore, the growth in demand for smartphones, tablet, and other compact portable electronic devices is expected to fuel the demand of these batteries.

Increase in energy requirements by consumer gadgets due to continuous increase in the number of features is anticipated to create numerous growth opportunities for the players operating in the market. With the help of technological advancements, the prominent market players are manufacturing various lithium-ion batteries with higher capacity to cater to the increasing demands of the battery users. For instance, in 2014, AES Corporation announced to launch the world's largest lithium-ion battery capable of providing 400 MW of power. This battery is expected to replace batteries of old gas plants, which were used for power generation. Moreover, in 2014, Tesla announced to build a battery plant known as "GigaFactory" in Nevada, U.S., which was expected to initiate the production of lithium-ion cell in 2017. This project is anticipated to reduce the price of Li-ion batteries owing to mass production.

The market is segmented based on component, end-use industry, and region. The component segment is divided into cathode, anode, electrolytic solution, and others (foils, binders, and separators). The end-use industry segment is categorized into electrical & electronics, automotive, industrial, and others (medical, military, and textile).

Based on region, the lithium-ion battery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Some of the key players operating in this market include Automotive Energy Supply Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Power (LGCPI), LITEC Co., Ltd., A123 Systems, LLC, Toshiba Corporation, Hitachi Chemical Co., Ltd., China BAK Battery Co. Ltd., and GS Yuasa International Ltd. The other players in the market (not included in the report) include Tesla, Johnson Controls International Plc., Saft Batteries, and BYD Company Ltd.

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Key Benefits for Lithium Ion Battery Market :

The report provides extensive qualitative and quantitative analyses of the current trends and future estimations of the global lithium ion battery market from 2017 to 2025 to determine the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
Profiles of leading players operating in the global lithium ion battery market has been provided, and this helps can be useful for understanding the competitive scenario globally.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

Lithium Ion Battery Key Market Segments :

By Component
Cathode
Anode
Electrolytic Solution
Others

By End-Use Industry
Electrical & Electronics
Smartphones & Tablet/PC
UPS
Others
Automotive
Car, Bus, & Truck
Scooter & Bike
Train & Aircraft
Industrial
Crane & Forklift
Mining Equipment
Smart Grid & Renewable Energy Storage

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By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

Reasons to Purchase this Report:
Analyzing the outlook of the market with the current tendencies and SWOT analysis.
Market dynamics scenario, alongside with increase possibilities of the market in the years to come.
Market segmentation evaluation which include qualitative and quantitative lookup incorporating the have an effect on of monetary and non-economic aspects.
Regional and use degree evaluation integrating the demand and grant forces that are influencing the boom of the market.
Market fee (USD Million) and extent (Units Million) facts for every phase and sub-segment
Competitive panorama involving the market share of principal players, alongside with the new initiatives and techniques adopted by means of gamers in the previous years.
Comprehensive organization profiles masking the product offerings, key economic information, latest developments, SWOT analysis, and techniques employed through the predominant market players.

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