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Global Lithium Polymer Battery Market Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Lithium polymer (LiPo) battery or more accurately known as lithium ion polymer battery is a rechargeable battery found in a pouch format. LiPo battery uses polymer electrolyte instead of commonly used liquid electrolyte.
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This battery primarily works on the principle of de-intercalation and intercalation of lithium ions from positive electrode materials to negative electrode materials. For the purpose of providing detailed analysis, global lithium polymer battery market can be segmented on the basis of power capacity, application and geography. Based on power capacity, the market has been bifurcated into 5–25 Wh, 18–28 KWh, 48–95 Wh, 100–250 KWh and more than 300 KWh. On the other hand, Lithium polymer battery finds its application across various consumer electronic devices, automotive and energy grid system among others. In addition, cross sectional analysis of all the above mentioned segment is provided in this report across various regions including North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America.
Lithium polymer battery is expected to see adoption at a large scale in the hand-held electronic devices such as laptops, mobiles, and cameras among others. Any electronic devices that requires frequent burst of power for a long period of time can be powered with a lithium polymer battery. The features such as video calling, cameras, wireless communications, GPS (Global Positioning System) navigation and high-fidelity audio found in consumer electronic products today can be operated efficiently for a longer period of time with the help of lithium ion batteries. Similarly, the other industrial hand-held devices such as RFID (Radio-frequency identification) communications, bar code scanners, display refreshes, GPS chips and audio amplifiers can also be operated more efficiently with the help of Lithium polymer battery. In addition, lithium polymer battery offers competitive advantage over lithium ion battery in terms of durability, utility and flexibility. Lithium polymer battery can be shaped as per the various requirements of different end users. This in turn is also anticipated to boost the demand of lithium polymer battery from various application segments during the forecast period from 2016 to 2024.
However, high manufacturing cost is one of the primary factor predicted to deter the market growth of lithium polymer battery in the coming years. Increased manufacturing cost of battery increase the overall price of the end products, thereby affecting the demand negatively. This in turn is predict to limit the demand of lithium polymer battery from various application segments. Moreover, safety concern involved with the usage of lithium polymer batteries coupled with increasing demand of its substitute, lithium ion battery owing to high energy density and low self-discharge cycle is another important factor expected to restrain the demand of lithium polymer battery across various regions.
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On the basis of power capacity, low power lithium polymer battery held the largest market share in 2015 owing to its extensive application in portable consumer electronic devices such as smart phones, tablets and smart watches among others. On the other hand, by application, consumer electronic devices held the largest market share of the global lithium polymer battery market in 2015. Increasing demand of sleek consumer electronic devices having relatively long battery life is the primary factor responsible for the accelerating demand for lithium polymer battery. However, demand for lithium polymer battery from the automotive segment is anticipated to experience the fastest growth during the forecast period. Increasing consciousness among the consumers and automotive manufacturers regarding clean fuel coupled with declining availability of natural resources and frequently fluctuating fuel prices is the key factor predicted to drive the demand of lithium polymer battery in the coming years.
Geographically, lithium polymer battery market is majorly driven by the Asia Pacific region with highest predictive growth rate. Rapid expansion of manufacturing facility in this region owing to huge capital investment by the leading lithium polymer battery manufacturer’s results a fall in the average selling price of LiPo batteries. This reduction in price in line up with increasing demand of power efficient consumer electronic devices and electric vehicles (EVs) in this region is the primary factor anticipated to trigger the demand of lithium polymer battery in the coming years.
Some of the leading players operating in the lithium polymer battery market are, Panasonic (Japan), Celgard LLC (U.S.A), DuPont (U.S.A) and LG Chem (South Korea) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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