Press release
Lithium-Ion Battery Market Powers Ahead: Surging Demand for EVs and Energy Storage Fuels Explosive Growth 2025 | To Key Players - Samsung SDI Co Ltd, BYD Co Ltd, BAK Group.
The 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.The Lithium Ion Battery Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Lithium-ion Battery Market refers to the global industry focused on the production, distribution, and innovation of rechargeable lithium-ion batteries used in consumer electronics, electric vehicles, and energy storage systems. Known for high energy density, lightweight design, and long cycle life, these batteries play a crucial role in supporting the shift toward sustainable energy and electric mobility solutions.
Prominent Industry players in the Lithium Ion Battery Market
The prominent players in Lithium Ion Battery market research report are: LG Chem Ltd, Panasonic Corporation, Samsung SDI Co Ltd, BYD Co Ltd, BAK Group, A123 Systems, GS Yuasa Corporation, Hitachi Ltd, Johnsons Controls Inc. and Saft Groupe S.A.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Industry News
June 2023 - Toyota Motor: Toyota announced plans to manufacture a new electric vehicle (EV) featuring a lithium-ion battery with an impressive range of 1,000 kilometers, aiming to set a new benchmark for EV performance.
January 2022 - Nexeon Limited: Nexeon licensed its NSP-1 silicon anode technology to SKC Co. Ltd., ensuring global access to advanced lithium-ion battery materials and supporting the next generation of high-performance EV batteries.
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Market Segments
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.
The Lithium Ion Battery industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Lithium Ion Battery Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Lithium Ion Battery Market?
✒ Who are the prominent players in the Lithium Ion Battery Market?
✒ How is the regulatory landscape affecting the Lithium Ion Battery Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Lithium Ion Battery Market?
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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