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Lithium-Ion Battery Market worth $221.16 billion by 2030, growing at a CAGR of 12.19% - Exclusive Report by 360iResearch
Lithium-Ion Battery Market | 360iResearch
The Global Lithium-Ion Battery Market to grow from USD 98.84 billion in 2023 to USD 221.16 billion by 2030, at a CAGR of 12.19%.
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A lithium-ion battery comprises the global sale, production, and utilization of rechargeable energy storage devices primarily relying on lithium ions for their electrochemical performance. These batteries have become a crucial component in various industries due to their high energy density, low self-discharge rate, and extended lifespan compared to traditional battery technologies. Increasing global demand for clean and efficient energy sources, spurred by rising awareness about environmental concerns, has led to higher adoption rates for electric vehicles and renewable energy storage solutions that require efficient battery systems like lithium-ion batteries. Supportive government initiatives towards green-energy transition and investments in R&D projects promote growth within this sector. However, the high cost of manufacturing these batteries limits mass adoption, and concerns over material availability, such as lithium and cobalt, may affect production capabilities with increasing demand. As countries move towards stringent emission norms, the need for electric vehicles is set to rise exponentially, resulting in higher demand for lithium-ion batteries. Furthermore, the rising adopting of renewable energy sources calls for efficient grid storage solutions that benefit from these battery technologies and are expected to create a lucrative market opportunity in the forecasted period.
The Americas have significant landscape in the lithium-ion batteries market due to growing demand for electric vehicles (EVs) and renewable energy storage systems. The presence of critical market players in the region investing heavily in R&D and production of lithium-ion batteries. In the European Union (EU), strict emission regulations are propelling growth in EV adoption and subsequently driving demand for lithium-ion batteries. In addition to automotive applications, Europe is also witnessing increased use of these batteries in various industrial sectors such as aerospace and defense. The Middle Eastern countries have identified renewable energy deployment as a key strategy for diversifying their economies away from oil dependency. This has increased the need for efficient energy storage solutions such as lithium-ion batteries. The APAC region has observed a developing landscape in the lithium-ion batteries market due to its well-established manufacturing capabilities, strong government support, and high demand for EVs. The rapidly growing economy and increasing demand for clean energy technologies also drive the demand for lithium-ion batteries in the APAC region.
Market Segmentation & Coverage:
This research report categorizes the Lithium-Ion Battery Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide, Lithium Nickel Manganese Cobalt Oxide, and Lithium Titanate. The Lithium Iron Phosphate is projected to witness significant market share during forecast period.
Based on Power Capacity, market is studied across 0 to 3000mAH, 10000mAh to 60000mAH, and 3000mAH to 10000mAH. The 10000mAh to 60000mAH is projected to witness significant market share during forecast period.
Based on Application, market is studied across Automotive, Consumer Electronics, Energy Storage, and Industrial. The Energy Storage is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Lithium-Ion Battery Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Lithium-Ion Battery Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Lithium-Ion Battery Market, highlighting leading vendors and their innovative profiles. These include A123 Systems LLC, BYD Co. Ltd., Dragonfly Energy Corp., Electrovaya Inc., Enertron by Dyna Energy, EVE Energy Co., Ltd., GS Yuasa Corporation, Hitachi High-Tech Corporation, Karacus Energy Pvt. Ltd., LG Chem, Lithium Werks by Reliance New Energy Limited, Microvast Inc., Padre Electronics Co.,Limited, Panasonic Corporation, Primearth EV Energy Co., Ltd., Renault Group, Samsung SDI Co., Ltd., Sanyo Chemical Industries, Ltd., Shanghai Electric Gotion New Energy Technology Co., Ltd., SK Innovation Co., Ltd., Tadiran Batteries GmbH by Saft Groupe S.A., Tesla, Inc., Tianjin Lishen Battery Joint-Stock Co.,Ltd., Tianneng Power International Ltd., and Toshiba Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Lithium-Ion Battery Market, by Type
7. Lithium-Ion Battery Market, by Power Capacity
8. Lithium-Ion Battery Market, by Application
9. Americas Lithium-Ion Battery Market
10. Asia-Pacific Lithium-Ion Battery Market
11. Europe, Middle East & Africa Lithium-Ion Battery Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Lithium-Ion Battery Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Lithium-Ion Battery Market?
3. What is the competitive strategic window for opportunities in the Lithium-Ion Battery Market?
4. What are the technology trends and regulatory frameworks in the Lithium-Ion Battery Market?
5. What is the market share of the leading vendors in the Lithium-Ion Battery Market?
6. What modes and strategic moves are considered suitable for entering the Lithium-Ion Battery Market?
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