Press release
Automotive Lithium-Ion Battery Market Report 2024, Size, Share, Growth (CAGR of 17.39%), Industry Trends, and Forecast by 2032
IMARC Group, a leading market research company, has recently releases report titled "Automotive Lithium-Ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032." The study provides a detailed analysis of the industry, including the global automotive lithium-ion battery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.How Big is the Automotive Lithium-Ion Battery Market?
The global automotive lithium-ion battery market size reached US$ 48.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 203.2 Billion by 2032, exhibiting a growth rate (CAGR) of 17.39% during 2024-2032.
Request PDF Sample of the Report: https://www.imarcgroup.com/automotive-lithium-ion-battery-market/requestsample
What are Automotive Lithium-Ion Battery?
An automotive lithium-ion battery is a high-capacity rechargeable energy storage device designed specifically for use in electric and hybrid vehicles. It represents a pivotal component in the electrification of the automotive industry, offering a clean and efficient power source. Automotive lithium-ion batteries exhibit several key characteristics that make them suitable for use in the automotive sector. Firstly, they boast a high energy density, allowing them to store a significant amount of energy relative to their size and weight. Moreover, lithium-ion batteries have a relatively low self-discharge rate, which means they can hold their charge for extended periods, making them reliable for everyday vehicle use.
Their ability to deliver consistent power over time aligns with the demand for accuracy and reliability seen in various industries employing technology. The features of automotive lithium-ion batteries contribute significantly to their widespread adoption. One notable feature is their rechargeability, allowing electric and hybrid vehicles to be conveniently refueled at home or charging stations. Additionally, these batteries are known for their long lifespan. This durability and longevity make them a cost-effective choice for electric vehicle owners. Furthermore, lithium-ion batteries can discharge power rapidly, providing the instant acceleration and performance required in modern electric vehicles.
What are the growth prospects and trends in the automotive lithium-ion battery industry?
The shift towards electric vehicles (EVs) and hybrid vehicles represents a significant catalyst for the expansion of the automotive lithium-ion battery market. Moreover, governments and automotive manufacturers worldwide are making substantial investments in EV technology, promoting cleaner and more sustainable transportation alternatives. This transition is supported by initiatives to reduce carbon emissions and combat climate change, thereby fueling the market growth. In addition to this, the automotive lithium-ion battery market benefits from advancements in charging infrastructure.
The expansion of charging networks, like the development of roads and railways in infrastructure projects, enhances the practicality and appeal of electric vehicles. Coupled with this, government incentives and subsidies aimed at promoting EV adoption is acting as a major growth inducing factor. Along with this, comprehensive after-sales services play a pivotal role as it offers the consumers peace of mind and maintenance support which is creating a positive outlook for the market. The availability of spare parts, repair facilities, and technical assistance fosters consumer confidence in adopting electric vehicles, which is facilitating the growth of the market.
Furthermore, the automotive lithium-ion battery market benefits from technological advancements, including improved battery efficiency and energy density. In line with this, innovations enhance the range, performance, and longevity of electric vehicles, addressing key concerns of potential buyers which, in turn, is propelling the market growth. The global push for sustainable transportation solutions, coupled with the rapid urbanization and industrialization worldwide, is catalyzing the demand for automotive lithium-ion batteries. Furthermore, nations are striving to reduce their dependence on fossil fuels and transition towards cleaner energy sources which is bolstering the growth of the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
A123 Systems LLC (Wanxiang Group Corporation)
Envision AESC Group Ltd. (Envision Group)
GS Yuasa International Ltd.
Hitachi Astemo Americas Inc. (Hitachi America Ltd.)
Panasonic Holdings Corporation
Samsung SDI Co. Ltd.
Toshiba Corporation
What is included in market segmentation?
The report has segmented the market into the following categories:
Battery Type Insights:
Lithium Titanium Oxide (LTO)
Lithium Nickel Manganese Cobalt Oxide
Lithium Iron Phosphate
Others
Distribution Channel Insights:
OEM
Aftermarket
Vehicle Type Insights:
Two-Wheeler
Three-Wheeler
Four-Wheeler
Breakup by Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Ask Analyst for Customized Report: https://www.imarcgroup.com/request?type=report&id=8666&flag=C
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us:
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Lithium-Ion Battery Market Report 2024, Size, Share, Growth (CAGR of 17.39%), Industry Trends, and Forecast by 2032 here
News-ID: 3372708 • Views: …
More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview
Market Size in 2024: USD 266.2 Million
Market Size in 2033: USD 422.9 Million
Market Growth Rate 2025-2033: 5.3%
According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a…

GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview
Market Size in 2024: USD 73.31 Billion
Market Size in 2033: USD 147.77 Billion
Market Growth Rate 2025-2033: 7.50%
According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by…

GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview
Market Size in 2024: USD 588.2 Million
Market Size in 2033: USD 2,005.3 Million
Market Growth Rate 2025-2033: 13.3%
According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of…

Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview:
The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach…
More Releases for Lithium
Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly.
The Lithium Compounds Market research report assesses the ongoing as well as future…
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market.
Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445
Additionally, in this…
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.…
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds…