Lithium-ion Battery Market:
The growing adoption of lithium-ion batteries in energy storage systems such as solar grids in household and industrial applications is anticipated to provide considerable growth opportunities to the market. However, the lack of awareness regarding the benefits of these batteries and the high cost compared to traditional lead acid batteries may hamper the growth of this market.
The global lithium-ion battery market was valued at US$29.68 bn in 2015 and is projected to reach US$77.42 bn by 2024, expanding at a CAGR of 11.6% therein.
Obtain Report Details @
In terms of application, the lithium-ion battery market can be segmented into consumer electronics, automotive, and grid energy and industrial. Consumer electronics is projected to be the leading segment of the global lithium-ion battery market during the forecast period. This segment is anticipated to account for nearly half the market by 2024, driven mainly by the rising demand for low power capacity lithium-ion batteries to be used in smartphones.
However, owing to market saturation in several regions, the demand for high power capacity batteries for automobiles has gained precedence. TMR predicts that the automotive segment will gain a significant share in the lithium-ion battery market by the end of 2024. The rising usage of these batteries in EVs, HEVs, and BEVs has primarily boosted this segment and this surge can be attributed to the increasing level of awareness among consumers and automobile manufacturers alike regarding the benefits of clean fuel.
Based on power capacity, the lithium-ion battery market can be segmented into 5–25 Wh, 48–95 Wh, 18–28 KWh, 100–250 KWh, and more than 300 KWh. In terms of value, 5–25 Wh lithium-ion battery, which is primarily used in smartphones, is estimated to be the leading segment of the lithium-ion battery market during the forecast period, accounting for a share of more than 30% in 2015. The 18–28 KWh power capacity segment is projected to be a rapidly growing segment through 2024, owing to the high demand for electrical vehicles in the automotive sector.
Fill the form to Gain Deeper Insights on this Market @
The lithium-ion battery market in Asia Pacific is expected to expand significantly during the forecast period due to the increased demand for these batteries in portable consumer electronic devices. China is anticipated to be the leading market for lithium-ion batteries in Asia Pacific as well as across the globe owing to the ever-rising population and high economic growth in the country. Major global leaders of lithium-ion batteries are concentrated in China, Japan, and South Korea.
North America holds a significant share in the lithium-ion battery market in terms of capacity. Increasing awareness about the benefits of lithium-ion batteries in the region has augmented the usage of these batteries as an alternate fuel in transportation. Major global players focus on the mass production of lithium-ion batteries in order to achieve lower costs and increase their market penetration.
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. We have an experienced team of Analysts, Researchers, and Consultants, who us e 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.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
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 Lithium-ion Battery Market: here
News-ID: 518056 • Views: 551
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment
More Releases for KWh
Top 10 solar pv module suppliers in 2018 and area to kwh to eur calculator
JinkoSolar is leading global module supplier during 2018 and was barely in doubt during the year. JA Solar established itself as Jinko’s closest rival globally. Trina Solar saw its ranking fall in 2018. LONGi was another winner in 2018. A key information, when it comes to plan your Photovoltaic Project is how much Energy and Money you get from the space you have. So we put the area efficiency of most PV Modules, into
Calculate the possible Water Storage - Online heat to kwh
Water is often used to store electricity. Consider also your shower temperature is not 60 degrees, you mix cold water. All you have to do is to define the Storage in Liter, the Temperatur of the storage and the temperature in the pipe. The online Heat to kWh Calculator immediately diplays the possible used/stored electricity in kWh. http://www.pv4.eu/kwh-to-heat_717.html en español: Calculadora de kWh a calor: solar o fotovoltaica a kWh a calor de agua http://www.pv4.eu/es/calculadora-de-kwh-a-calor-solar-o-fotovoltaica-a-kwh-a-calor-de-agua_486.html Photovoltaic
Automotive Lithium-Ion Battery Market Analysis By Power Capacity (5-25 Wh, 48-95 …
Lithium ion (Li-ion) batteries are commonly used type of rechargeable batteries with twice the energy density of Nickel-Cadmium batteries and greater stability and safety. Lithium (Li) is the lightest of all metals, has the greatest electrochemical potential, and provides the largest energy density for weight. Automotive Li-ion batteries use an intercalated lithium compound as one electrode material, compared to the metallic lithium used in a non-rechargeable lithium battery. The electrolyte,
Containerized Solar Generator Market 2018 to 2025 Storage Capacity (10-40 KWH, 4 …
Containerized solar generator is the transformation of energy from sunlight into electricity, either directly using photovoltaic (PV) or using a concentrated solar power, or a combination of both. These solar systems use lenses or mirrors and a tracking systems to focus a large area of sunlight into a small beam. Uninterrupted power supply and the ease to be incorporated into the grid are the major drivers which help in surging the
SCR Catalysts Market Research 2018 – Topsoe, KWH, BASF, Argillon, Cornetech, H …
Qyresearchreports include new market research report “Global SCR Catalysts Market Professional Survey Report 2018” to its huge collection of research reports. The intensive report here gathers the numerous points of view to be considered with regard to the global SCR Catalysts market which verbalizes the present-day information and future predictions with reference to the dynamic forces at play. The prime purpose behind the study is to offer the reader with a
Global Heating Pipes Sales Market Report 2017- Borealis Group, KWH Group, Aquath …
Qyresearchreports include new market research report “Global Heating Pipes Sales Market Report 2017” to its huge collection of research reports. This report on global Heating Pipes market is a quantitative and qualitative publication that takes account of the historical data, presents the current scenario, and figuratively predicts the future. The forecast period of the report is 2017 to 2022. Curated via extensive primary and secondary research, and is aimed at armoring