openPR Logo
Press release

2017 Lithium-ion Battery Market Trends Prediction

02-15-2017 11:23 AM CET | IT, New Media & Software

Press release from: TMR

The global lithium-ion batteries market is consolidated in nature, with the top three players accounting for a share of over 57% in 2025. Panasonic Corporation, Samsung SDI Co. Ltd., and LG Chem Power Inc. offer stiff competition to new entrants owing to the competitive advantage they possess in terms of the easy access to raw materials. Transparency Market Research predicts that the degree of rivalry in the lithium-ion battery market will remain high throughout the forecast period.

Competitive pricing, offering dedicated services, and developing innovative application-specific performance materials are some of the key strategies adopted by leading companies. Recognizing the potential lithium-ion batteries present in the automotive sector, Panasonic Corporation collaborated with Tesla Motors in 2014 to set up a new lithium-ion battery manufacturing company in North America.

Get More information :

The opportunity in the global lithium-ion battery market is poised to rise from US$29.68 bn in 2015 to US$77.42 bn in 2024, registering a strong CAGR of 11.6% therein.

Application of Lithium-ion Batteries in Automotive Segment to Gain Momentum by 2024

By power capacity, the low power lithium-ion battery (5-25 Wh) segment held the lead in the global market, accounting for a 35% share in 2015. On the other hand, the 18-28 KWh segment is projected to witness significant growth in the coming years, registering a 16.7% CAGR by value from 2016 to 2024. Based on application, the consumer electronics segment accounted for the leading share in the lithium-ion battery market in terms of revenue. However, TMR predicts that market saturation in several countries will enable the automotive segment to gain much momentum, exhibiting the fastest growth during the forecast period.

Geographically, Asia Pacific presently leads the global market for lithium-ion batteries, enjoying a share of over 48% in 2015. This region is also projected to expand at a significant pace in terms of demand and sales during the course of the forecast period. By value, the APAC lithium-ion battery market will register a 12.5% CAGR from 2016 to 2024.

Need for Alternative Fuels Drives Demand for Lithium-ion Batteries

A growing shift toward sustainable clean fuels in the automotive sector is a key factor driving the lithium-ion battery market. TMR finds that the demand for high power capacity batteries for automobiles has gained precedence in recent years with the rising usage of these batteries in EVs, HEVs, and BEVs.

“The increasing level of awareness among consumers and automobile manufacturers alike regarding the benefits of clean fuel, the declining availability of natural resources, and the soaring prices of fossil fuels have warranted the need for alternate solutions and this has significantly driven the global lithium-ion battery market,” the author of the report states.

The market is also fueled by the rising demand for smartphones and other consumer electronics, TMR finds. A rise in the global population and a surge in consumer disposable income can be attributed to the growing demand for lithium-ion batteries.

In contrast, the high prices of these batteries, safety concerns associated with the use of lithium-ion batteries, and the lack of appropriate charging infrastructure threaten the growth of the global market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 2017 Lithium-ion Battery Market Trends Prediction here

News-ID: 438223 • Views: 454

More Releases from TMR

Wood Activated Carbon Market Outlook 2029: Trends, Segmentation, Growth and Comp …
Wood Activated Carbon Market – Snapshot Coal is a key non-renewable raw material that has been used for the production of activated carbon over the last few years. Coal is extensively consumed in other core industrial applications, such as power generation. Therefore, alternate sources of raw materials, such as wood, are likely to gain momentum in the near future. Activated carbon produced from wood has significant carbon content and lesser inorganic
2 Ethylhexanoic Acid Market Future Developments, Business Insights, End Users, A …
2-Ethylhexanoic Acid Market – Snapshot 2-Ethylhexanoic acid, a member of the medium-chain fatty acids family, occurs as a light-yellow-colored liquid with mild odor. It is commonly used in the preparation of metal derivatives that are soluble in non-polar organic solvents. Metal derivatives thus produced are used as catalysts in polymerization reactions. 2-Ethylhexanoic acid is generally used in esters for polyvinylbutyral film plasticizers and synthetic lubricants, in metal salts for paint dryers,
Plant Growth Regulators Market by Top Manufacturers, Types and Applications 2018 …
Manufacturers of Plant Growth Regulators Continue to Uptake Growing Investments in Agriculture Sector Plant growth regulators have been gaining a marked popularity, in agriculture-driven economies, as bio-stimulants or bio-inhibitors that modify the physiological processes of plants. As agriculture becomes more mechanized and scientific development ensures the possibilities of using novel inputs to improve production, demand for plant growth regulators continue to increase, with sales of approximately US$ 5,600 million in 2018.
Latest Research Report to uncover key Factors of Global Aviation Lubricants Mark …
Lightweight Construction Materials: Introduction • Lightweight construction materials have lower density than water; however, their strength-to-weight ratio is higher than that of aluminum or steel • Modern materials including composite materials used for lightweight construction are employed across all industrial sectors in order to reduce production costs, improve product quality and functionality, and increase resilience. Additionally, the use of lightweight construction materials helps optimize production processes and the use of materials in order to

All 5 Releases

More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020