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Automotive Lithium-ion Battery Cell Market: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2032
Automotive Lithium-ion Battery Cell Market
Automotive Lithium-ion Battery Cell Market Size, Growth Rate, And Forecast
The global automotive lithium-ion battery cell market size is expected to grow from $63.10 billion in 2022 to $80.68 billion in 2023 at a compound annual growth rate (CAGR) of 27.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive lithium-ion battery cell market size is expected to reach $200.63 billion in 2027 at a CAGR of 25.6%.
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Automotive Lithium-ion Battery Cell Market Drivers
The rising electrification of vehicles across the globe is expected to propel the growth of the automotive lithium-ion battery cell market going forward. Vehicle electrification is the process of using electricity to power a vehicle, replacing components that use a conventional energy source with components that use electricity. Lithium-ion batteries are commonly used in vehicle electrification due to their high energy density and ability to provide high power output as they can store large amounts of energy in a relatively small and lightweight package, self-discharge at a lower rate than other battery types making them ideal for vehicle electrification.
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Automotive Lithium-ion Battery Cell Market Segments
1) By Type: Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), Lithium Nickel Manganese Cobalt Oxide (NMC)
2) By Cell Type: Cylindrical, Prismatic, Pouch Cells
3) By Application: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel-Cell Electric Vehicle
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Lithium-ion Battery Cell Market.
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Automotive Lithium-ion Battery Cell Market Key Players
Major competitors in the Automotive Lithium-ion Battery Cell Market include Samsung SDI Co. Ltd., Toshiba Corporation, Contemporary Ampere Technology Co. Ltd, LG Chem Ltd., GS Yuasa International Ltd., Johnson Controls International Plc., Panasonic Corporation, East Penn Manufacturing Co., BYD Company Ltd., Automotive Energy Supply Corp. (AESC), Crown Battery Manufacturing, Duracell International Inc, Enersys Inc., Exide Industries Limited, Narada Power Source Co. Ltd, A123 Systems LLC, and Exicom Power Solutions
The Business Research Company's "Global Automotive Lithium-ion Battery Cell Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Lithium-ion Battery Cell Market Include:
1. Executive Summary
2. Automotive Lithium-ion Battery Cell Market Characteristics
3. Automotive Lithium-ion Battery Cell Market Trends And Strategies
4. Automotive Lithium-ion Battery Cell Market - Macro Economic Scenario
5. Automotive Lithium-ion Battery Cell Market Size And Growth
.......
26. Africa Automotive Lithium-ion Battery Cell Market
27. Automotive Lithium-ion Battery Cell Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Lithium-ion Battery Cell Market
29. Automotive Lithium-ion Battery Cell Market Future Outlook and Potential Analysis
30. Appendix
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