Lithium-ion Battery Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031

The global lithium-ion battery market is anticipated to grow at a considerable CAGR of around 14.6% during the forecast period (2024-2031). The factor contributing to the growth of the market include growing partnerships among major market players to further expand the production of lithium-ion batteries.

Get Free Sample link @ https://www.omrglobal.com/request-sample/lithium-ion-battery-market

For instance, in July 2020, Contemporary Amp Technology Co., Limited (CATL), which provides advanced battery solutions for new energy applications, has signed an agreement with Honda Motor Co. to form a strategic alliance to promote the popularization of e-mobility. Through this partnership, both companies have conducted joint development on new electric vehicles to promote electric mobility. By this partnership, both companies had focused on the supply of batteries, development for new technology, and the reuse and recycling of batteries for new electric vehicles.

Moreover, in April 2019, Envision AESC had completed the acquisition of Automotive Energy Supply Corporation, which was previously acquired by Nissan Motor Co., Ltd. The acquisition had powered the stakes of all the power battery production bases operated in Japan, UK, and the US. With these three manufacturing bases, Envision AESC has successfully provided batteries for more than 430,000 electric vehicles with zero instances of critical malfunction in these countries.

Full report of Lithium-ion Battery Market available @ https://www.omrglobal.com/industry-reports/lithium-ion-battery-market

Besides, the company also provides batteries to China through its fourth production and R&D base Wuxi, located in eastern China's Jiangsu Province. The Wuxi plant is anticipated to produce lithium-ion batteries (NCM811) with a significant annual production capacity of 20GWh in upcoming years. Apart from this, it also provides power batteries every year for about 400,000 new energy vehicles across the globe. Therefore, business expansion of major players by partnership collaboration among them has a positive impact on the market.

Market Coverage

Segment Covered-
o By End-User

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape-
Key Questions Addressed by the Report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Lithium-Ion Battery Market Segment

By End-User

Automotive Application
Consumer Application
Industrial Application

Company Profiles

BYD Company Ltd.
ENVISION AESC GROUP LTD (Envision Group)
BASF SE
Contemporary Amp Technology Co., Ltd.
CALB Inc.
Energus Power Solutions, Ltd
Farasis Energy(GanZhou)Co.,Ltd.
GS Yuasa International Ltd.
Showa Denko Materials Co., Ltd. (Hitachi Chemical Co., Ltd)
Johnson Controls, Inc.
LG Chem.
LITHIUMWERKS
MaxPower, Inc.
Navitas System, LLC
Panasonic Corp.
ProLogium Technology Co., Ltd.

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/lithium-ion-battery-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.