Lithium-ion Battery Market Surges Toward US$124.4 Billion by 2031: Leading Companies are LG Chem, BYD, and Hitachi .

Global Lithium-ion Battery Market reached US$ 43.5 billion in 2023 and is expected to reach US$ 124.4 billion by 2031 growing with a CAGR of 13.5% during the forecast period 2024-2031.

Lithium-Ion Battery Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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A lithium-ion battery is a rechargeable power source widely used in electronics, electric vehicles, and renewable energy storage. It operates by transferring lithium ions between electrodes during charging and discharging. Known for high energy density and long cycle life, it enables lighter, more efficient devices. Its popularity continues to rise with the demand for portable and sustainable technologies. Innovations aim to enhance safety and performance further.

List of the Key Players in the Lithium-Ion Battery Market:

✔ LG Chem Ltd

✔ Panasonic Corporation

✔ Samsung SDI Co Ltd

✔ BYD Co Ltd

✔ BAK Group

✔ A123 Systems

✔ GS Yuasa Corporation

✔ Hitachi Ltd

✔ Johnsons Controls Inc

✔ Saft Groupe S.A

Industry Development:

➠ In June 2023, Toyota Motor unveiled plans to develop a new electric vehicle equipped with a lithium-ion battery capable of delivering an impressive 1,000-kilometer range.

➠ Earlier, in January 2022, Nexeon Limited-a supplier of advanced silicon anode materials for next-generation lithium-ion batteries-licensed its NSP-1 technology to SKC Co. Ltd., a prominent advanced materials company, ensuring rapid and reliable global access to these vital resources.

➠ Then, in February 2022, Panasonic Corporation announced that its Energy Company would establish a manufacturing plant at the Wakayama Factory in western Japan to produce innovative 4680 cylindrical lithium-ion batteries (measuring 46 millimeters in width and 80 millimeters in height) for electric vehicles.

Assessing the Effects of U.S. Tariffs on the Market

The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.

Research Process:

Both primary and secondary data sources have been used in the global Lithium-Ion Battery Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Lithium-Ion Battery Market:

By Type: Lithium Cobalt Oxide (LiCoO2), Lithium Iron Phosphate (LiFePO4), Lithium Nickel Cobalt Aluminum Oxide (LiNiCoAlO2 or NCA), Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2 or NMC), Lithium Titanate (Li4Ti5O12 or LTO), Lithium Manganese Oxide.

By Material: Cathode Material, Anode Material, Electrolyte Material, Separator Material, Current Collector Material, Others.

By Capacity: 0 to 3,000 mAh, 3,000 t0 10,000 mAh, 10,000 to 60,000 mAh, 60,000 mAh and Above.

By Voltage: Low (Below 12 V, Medium (12-36V), High (Above 36V).

By End-User: Automotive, Consumer Electronics, Aerospace and Defense, Marine, Industrial, Healthcare, Industrial and Manufacturing, Others.

Regional Analysis for Lithium-Ion Battery Market:

The regional analysis of the Lithium-Ion Battery Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Lithium-Ion Battery market?

➠ Who are the leading manufacturers in the global Lithium-Ion Battery industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Lithium-Ion Battery industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Lithium-Ion Battery market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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