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Motive Lithium-Ion Battery Market Soars from $19 Billion Value in 2016, Predicted to Surge at 6.2% CAGR during 2017-2027 due to Rising Demand for Electric Vehicles and Hybrid Powertrains

06-04-2024 03:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Dataintelo

/ PR Agency: Dataintelo


The Motive Lithium-Ion Battery Market, worth US$19 billion in 2016, is projected to attain a substantial value by the end of 2028, as per the recent report published by Dataintelo. The market is expected to grow at a CAGR (compound annual growth rate) of 6.2% between 2017 and 2027. The driving factors of this robust growth include an increase in demand for electric vehicles, a surge in the requirement for hybrid powertrains, and an escalating focus on electrification within various transportation systems, such as buses & trucks.

This report is the culmination of extensive research, detailed data collation, and insightful foresight by Dataintelo. It points to a strong growth trajectory for the Motive Lithium-Ion Battery industry, fuelled by skyrocketing demand for electric vehicles, improvement in powertrain technology, and widespread innovation in battery technology. The rapid adoption of electrification in various transportation systems is dynamically reforming the landscape of the global Motive Lithium-Ion Battery Market and contributes significantly to its striking growth rate.

The boom in the electric vehicle industry, married with the push for hybrid powertrains, is setting the stage for a surge in orders for lithium-ion batteries. Lithium-ion batteries, known for their high energy density, long lifespan, and inherent safety features, are considered an optimal choice for these applications. As technology continues to evolve and improve, lithium-ion batteries are expected to play a vital role in the future of transportation.

Dataintelo's report offers a comprehensive analysis of the market and presents a detailed insight into the Motive Lithium-Ion Battery Market's opportunities, challenges, and trends. It delves into the intricacies of the market dynamics, competitive landscape, regional spread, and segmentation. The report is backed by exhaustive primary and secondary research methodologies and is seen as a crucial guiding tool for stakeholders, business strategists, and market enthusiasts.

Investments in the Motive Lithium-Ion Battery Market are increasing, with industry players ramping up their production capacities and engaging in research and development activities to meet the soaring global demand. This market is on the cusp of a significant revolution, and this report from Dataintelo provides the necessary groundwork for understanding its implications

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @

๐“๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ง๐ ๐œ๐จ๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ:

The motive lithium-ion battery market has been segmented on the basis of๐“๐ฒ๐ฉ๐ž
โ— 5-25 Wh
โ— 48-95 Wh
โ— 18-28 KWh
โ— 100-250 KWh
โ— More than 300 KWh

โ— Cars
โ— Trains
โ— Aircraft
โ— Marine
โ— Electric Bikes
โ— Power Tools
โ— Others

โ— Cathode
โ— Anode
โ— Separator
โ— Electrolyte
โ— Others

๐’๐š๐ฅ๐ž๐ฌ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ
โ— OEM
โ— Aftermarket

๐‘๐ž๐ ๐ข๐จ๐ง
โ— Asia Pacific
โ— North America
โ— Latin America
โ— Europe
โ— Middle East & Africa

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ
โ— Samsung SDI
โ— Panasonic Corporation
โ— BYD Company Limited
โ— Automotive Energy Supply Corporation
โ— Tianneng Battery Group
โ— Wanxiang Group
โ— Tianjin Lishen Battery Joint-Stock
โ— SK Innovation
โ— Shenzhen Bak Battery (China Bak)
โ— LG Chem

The motive lithium-ion battery market has been parsed based on different segmentation criteria to understand the market's diverse aspects. One of the crucial divisions for this market is by type, allowing batteries to be differentiated based on their capacity. The types range from the relatively lower capacity of 5-25 Wh to the much larger capacity of more than 300 KWh. Such a categorization allows for more in-depth knowledge of which types are more prevalent in the market, thereby hinting at potential demands. Furthermore, the market is also segmented based on application, offering insights into different vehicles and tools that use these batteries. Cars, trains, aircraft, marine vehicles, electric bikes, and power tools are among the many applications of these batteries, evident in the broad versatility of lithium-ion technology.

In terms of regional analysis, the motive lithium-ion battery market has been divided into several key regions, encompassing Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. Each region has its specific characteristics, contributing to the variations we observe in the global market. The Asia Pacific, with its burgeoning automobile industry and rapidly increasing demand for efficient energy solutions, is expected to lead the market. North America and Europe aren't far behind, with their focus on sustainable living, resulting in electric vehicles' popularity and the need for powerful, efficient batteries. Analysis by region is crucial as it provides insights into local markets, helps understand regional trends, and develops region-specific strategies

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @

Market Drivers for Motive Lithium-Ion Battery Market:

1. Increased demand for electric vehicles: With governments worldwide offering subsidies to promote environmentally friendly vehicles, there has been a surge in the sales of electric vehicles, leading to the increasing demand for lithium-ion batteries.

2. High energy density: Lithium-ion batteries have a higher energy density than other rechargeable batteries, making them a more efficient solution for motive applications.

3. Longer lifespan: Lithium-ion batteries have a longer lifespan when compared to lead-acid and other types of batteries, reducing replacement cost in the long run.

4. Advancements in technology: The continuous research and development in the energy storage sector has led to significant improvements in lithium-ion technology.

Opportunities for Motive Lithium-Ion Battery Market:

1. Increasing renewable energy generation: With renewable energy generation on the rise, there is an increasing need for efficient and durable energy storage systems, providing ample opportunities for lithium-ion batteries.

2. Growing use in industrial applications: Forklifts, automatic guided vehicles (AGVs), and other industrial vehicles are increasingly being powered by lithium-ion batteries.

3. Infrastructural development: The development of charging infrastructure to support the growth of electric vehicles is likely to boost the usage of lithium-ion batteries.

4. Energy storage for grid applications: Motive lithium-ion batteries can be used to store surplus energy produced by renewable energy sources, thus balancing the demand and supply of power.

5. Electric bikes and scooters: The growing popularity of electric bikes and scooters in urban areas provides a significant opportunity for the lithium-ion battery market

๐˜๐จ๐ฎ ๐œ๐š๐ง ๐๐ข๐ซ๐ž๐œ๐ญ๐ฅ๐ฒ ๐›๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐ซ๐จ๐ฆ:

This report should be bought by business owners, CEOs, investors, consultants, market analysts and strategists, researchers, government organizations, academic institutions, and anyone else who is interested in comprehensive market insights, competitive analysis, and future predictions in particular industries or fields provided by Dataintelo.

As for the good things about Dataintelo:

1. Comprehensive Reports: Dataintelo provides comprehensive reports with an accurate and in-depth analysis of various markets in multiple industries.

2. Expert Analysis: The team of experts at Dataintelo uses various methodologies and models to analyze the data and provide valuable insights.

3. Customization: One of Dataintelo's standout features is the option to customize reports according to the specific needs of a client. This helps clients in getting information that is most relevant to their business.

4. Competitive Landscaping: Dataintelo offers strategic analysis of competitors, helping businesses understand the competitive landscape and formulate effective strategies.

5. Global and Regional Insights: They offer both global and regional market insights, which can be a stepping stone for companies trying to expand their businesses.

6. Forecasting: The reports from Dataintelo also provide future market trends and forecasts which support in strategic business planning.

7. Regular Updates: The reports are regularly updated to reflect the latest market trends and changes, keeping clients up-to-date with the most recent and relevant information.

8. Reliable Data: Dataintelo sources information from credible and trustworthy resources, ensuring accurate and reliable data for their clients.

9. Customer Support: They also provide excellent customer support to their clients, helping them understand the report and how to make the best use of the information provided.

10. Wide Coverage: Dataintelo covers a wide range of industries, providing insights into a variety of markets

Contact Us :
Name - Alex Mathews
Phone No.: +1 909 414 1393
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Address - 500 East E Street, Ontario, CA 91764, United States.

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐œ๐š๐ง ๐›๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐š๐ฌ ๐ฉ๐ž๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐ž๐ž๐.

๐„๐ฆ๐š๐ข๐ฅ ๐ฎ๐ฌ ๐จ๐ง - ๐ฌ๐š๐ฅ๐ž๐ฌ@๐๐š๐ญ๐š๐ข๐ง๐ญ๐ž๐ฅ๐จ.๐œ๐จ๐ฆ

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๐ƒ๐š๐ญ๐š๐ข๐ง๐ญ๐ž๐ฅ๐จ boasts extensive experience in creating tailored Market research reports across diverse industry verticals. With in-depth Market analysis, creative business strategies for new entrants, and insights into the current Market scenario, our reports undergo intensive primary and secondary research, interviews, and consumer surveys.

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