Lithium-ion Battery Market by Type (NMC, LFP, LCO, LTO, LMO, NCA), Capacity (Below 3,000 mAh, 3,001 mAh–10,000 mAh, 10,001 mAh–60,000 mAh, Above 60,000 mAh), Voltage (Below 12V, 12V–36V, Above 36V), Application and Region - Global Forecast to 2032
The global lithium-ion battery market size is expected to grow from USD 56.8 billion in 2023 to USD 187.1 billion by 2032, at a CAGR of 14.2% from 2023 to 2032. The growing need for high power and energy density has created a demand for reliable and safe batteries across industries. This stimulates the demand for different lithium-ion batteries made of a combination of lithium and other materials such as nickel, manganese, and cobalt. Lithium-ion batteries are used in automotive, consumer electronics, and industrial applications.
“Lithium Iron Phosphate (LFP) battery segment is projected to grow at significant CAGR during the forecast period”
LFP batteries are used in high-power devices and equipment. The nano-scale phosphate cathode material in LFP batteries offers excellent electrochemical performance and low resistance. LFP batteries have long life cycles, high current ratings, good thermal stability, and enhanced safety due to better tolerance. High charge and discharge rates improve performance and competence, making LFP batteries suitable for use in high-power applications such as hybrid electric vehicles and power tools.
'10,000 mAh to 60,000 mAh capacity segment is projected to grow at an impressive CAGR during the forecast period”
Lithium-ion batteries with more than 10,000 mAh capacities are used for applications requiring high power, such as hybrid electric vehicles, material handling equipment, telecommunication systems, hybrid trucks, buses, smart grids, aviation industry, automated guided vehicles, etc. Lithium Iron Phosphate (LFP), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), and Lithium Nickel Manganese Cobalt Oxide (NMC) are various types of lithium-ion batteries available in this range; they are available in module, polymer, prismatic, and battery pack formats.
' Low voltage segment is projected to gain a substantial market share during the forecast period”
Lithium-ion batteries with voltage below 12V are lightweight and smaller than batteries above this voltage range. These batteries provide high amounts of energy for short time spans. These batteries are mainly used in consumer electronics such as laptops, desktops, media players, apart from drones, and marine applications.
'Consumer electronics application is expected to hold a significant market share during the forecast period'
Manufacturers of consumer electronic products such as cameras, tablets, laptops, wearable devices, and mobile phones are dealing with rapid technological changes. Smartphones have become an integral part of everyday life owing to the number of functionalities offered by these devices. As these devices become more powerful and feature-rich, they require more energy-dense batteries. Lithium-ion batteries are the best option for meeting this demand, as they can provide the power and performance that these devices need without being too bulky or heavy. Lithium-ion batteries are in high demand for use in electronics because they offer a number of advantages over other types of batteries, including a long lifespan, high energy density, low self-discharge rate, and the ability to withstand high and low temperatures. Hence, the growing popularity of electronic devices such as smartphones, laptops, tablets, and wearables is driving the increasing demand for lithium-ion batteries.
'The market in Europe is expected to grow at a significant CAGR during the forecast period'
The lithium-ion battery market in Europe has been studied for the UK, Germany, France, and the Rest of Europe. The region is home to some of the key battery manufacturers, such as Saft Groupe SAS (France), Northvolt AB (Sweden), and Varta AG (Germany). Batteries have significant applications as clean, sustainable, and compact power sources in the automotive and consumer electronics sectors. The European region is one of the largest adopters of clean energy vehicles such as hybrid and plug-in hybrid electric vehicles. The consumer electronics market for wearable devices is also witnessing a growth curve in Europe. Hence, the automotive and consumer electronics sectors are expected to drive the lithium-ion battery market in Europe.
Breakdown of the profiles of primary participants:
Research Coverage
The lithium-ion battery market has been classified by material, product type, type, capacity, voltage, application, and region. The market by material has been classified into cathode material, anode material, electrolyte material, separator material, current collector materials, and other materials. By product type, the market has been segmented into components of lithium-ion batteries which include cells and battery packs; and portability which is further divided into stationary and portability. By type, the market has been segmented into Lithium Nickel Manganese Cobalt (NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), and Lithium Nickel Cobalt Aluminum Oxide (NCA). The capacity segment market is divided into below 3,000 mAh, 3,001 – 10,000 mAh, 10,001 – 60,000 mAh, and above 60,000 mAh. The market has been divided into low (below 12V), medium (12V-36V), and high (above 36V) by voltage segment. Furthermore, the application segment includes consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunications. The study also forecasts the market size in four key regions—North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
Market Development: Comprehensive information about lucrative markets – the report analyses the lithium-ion battery market across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the lithium-ion battery market
Competitive Assessment: In-depth assessment of market position, growth strategies, and product offerings of leading players like LG Energy Solution (South Korea), Samsung SDI Co. Ltd. (South Korea), SK Innovation Co., Ltd. (South Korea), Panasonic Holdings Corporation (Japan), among others in the lithium-ion battery market
Strategies: The report also helps stakeholders understand the pulse of the lithium-ion battery market and provides information on key market drivers, restraints, challenges, and opportunities.
“Lithium Iron Phosphate (LFP) battery segment is projected to grow at significant CAGR during the forecast period”
LFP batteries are used in high-power devices and equipment. The nano-scale phosphate cathode material in LFP batteries offers excellent electrochemical performance and low resistance. LFP batteries have long life cycles, high current ratings, good thermal stability, and enhanced safety due to better tolerance. High charge and discharge rates improve performance and competence, making LFP batteries suitable for use in high-power applications such as hybrid electric vehicles and power tools.
'10,000 mAh to 60,000 mAh capacity segment is projected to grow at an impressive CAGR during the forecast period”
Lithium-ion batteries with more than 10,000 mAh capacities are used for applications requiring high power, such as hybrid electric vehicles, material handling equipment, telecommunication systems, hybrid trucks, buses, smart grids, aviation industry, automated guided vehicles, etc. Lithium Iron Phosphate (LFP), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), and Lithium Nickel Manganese Cobalt Oxide (NMC) are various types of lithium-ion batteries available in this range; they are available in module, polymer, prismatic, and battery pack formats.
' Low voltage segment is projected to gain a substantial market share during the forecast period”
Lithium-ion batteries with voltage below 12V are lightweight and smaller than batteries above this voltage range. These batteries provide high amounts of energy for short time spans. These batteries are mainly used in consumer electronics such as laptops, desktops, media players, apart from drones, and marine applications.
'Consumer electronics application is expected to hold a significant market share during the forecast period'
Manufacturers of consumer electronic products such as cameras, tablets, laptops, wearable devices, and mobile phones are dealing with rapid technological changes. Smartphones have become an integral part of everyday life owing to the number of functionalities offered by these devices. As these devices become more powerful and feature-rich, they require more energy-dense batteries. Lithium-ion batteries are the best option for meeting this demand, as they can provide the power and performance that these devices need without being too bulky or heavy. Lithium-ion batteries are in high demand for use in electronics because they offer a number of advantages over other types of batteries, including a long lifespan, high energy density, low self-discharge rate, and the ability to withstand high and low temperatures. Hence, the growing popularity of electronic devices such as smartphones, laptops, tablets, and wearables is driving the increasing demand for lithium-ion batteries.
'The market in Europe is expected to grow at a significant CAGR during the forecast period'
The lithium-ion battery market in Europe has been studied for the UK, Germany, France, and the Rest of Europe. The region is home to some of the key battery manufacturers, such as Saft Groupe SAS (France), Northvolt AB (Sweden), and Varta AG (Germany). Batteries have significant applications as clean, sustainable, and compact power sources in the automotive and consumer electronics sectors. The European region is one of the largest adopters of clean energy vehicles such as hybrid and plug-in hybrid electric vehicles. The consumer electronics market for wearable devices is also witnessing a growth curve in Europe. Hence, the automotive and consumer electronics sectors are expected to drive the lithium-ion battery market in Europe.
Breakdown of the profiles of primary participants:
- By Company Type: Tier 1 - 52%, Tier 2 - 17%, and Tier 3 - 31%
- By Designation: C-level Executives - 47%, Directors - 31%, and Others - 22%
- By Region: North America - 35%, Europe - 21%, Asia Pacific - 37%, and RoW – 7%
Research Coverage
The lithium-ion battery market has been classified by material, product type, type, capacity, voltage, application, and region. The market by material has been classified into cathode material, anode material, electrolyte material, separator material, current collector materials, and other materials. By product type, the market has been segmented into components of lithium-ion batteries which include cells and battery packs; and portability which is further divided into stationary and portability. By type, the market has been segmented into Lithium Nickel Manganese Cobalt (NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), and Lithium Nickel Cobalt Aluminum Oxide (NCA). The capacity segment market is divided into below 3,000 mAh, 3,001 – 10,000 mAh, 10,001 – 60,000 mAh, and above 60,000 mAh. The market has been divided into low (below 12V), medium (12V-36V), and high (above 36V) by voltage segment. Furthermore, the application segment includes consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunications. The study also forecasts the market size in four key regions—North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
- Analysis of key drivers (Growing hybrid electric vehicles adoption globally, Growing adoption of battery-operated material-handling equipment, Rapidly evolving consumer electronics sector, Renewable energy sector growth), restraints (Increasing concerns in handling of used batteries), opportunities (Renewable energy integration in grids globally, Rising R&D activities to develop advance lithium-ion batteries, Cost reduction of lithium-ion batteries), and challenges (Excessive heating of batteries, High manufacturing and installations costs of battery-operated industrial vehicles) influencing the growth of the lithium-ion battery market
Market Development: Comprehensive information about lucrative markets – the report analyses the lithium-ion battery market across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the lithium-ion battery market
Competitive Assessment: In-depth assessment of market position, growth strategies, and product offerings of leading players like LG Energy Solution (South Korea), Samsung SDI Co. Ltd. (South Korea), SK Innovation Co., Ltd. (South Korea), Panasonic Holdings Corporation (Japan), among others in the lithium-ion battery market
Strategies: The report also helps stakeholders understand the pulse of the lithium-ion battery market and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
FIGURE 1 LITHIUM-ION BATTERY MARKET SEGMENTATION
1.4.1 REGIONAL SCOPE
FIGURE 2 LITHIUM-ION BATTERY MARKET: REGIONAL SCOPE
1.4.2 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 LITHIUM-ION BATTERY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 LITHIUM-ION BATTERY MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN APPROACH
2.2.1.1 Estimation of market size using top-down approach
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.2.2 BOTTOM-UP APPROACH
2.2.2.1 Estimation of market size using bottom-up approach
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR LITHIUM-ION BATTERY MARKET: SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 9 ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON LITHIUM-ION BATTERY MARKET
2.6 RISK ASSESSMENT
TABLE 1 RISK ANALYSIS
3 EXECUTIVE SUMMARY
FIGURE 10 LITHIUM-ION BATTERY MARKET, 2019–2032 (USD BILLION)
FIGURE 11 LFP BATTERY TYPE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 12 3,001–10,000 MAH SEGMENT TO DISPLAY MAXIMUM CAGR DURING FORECAST PERIOD
FIGURE 13 AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 14 ASIA PACIFIC TO LEAD GLOBAL LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY MARKET
FIGURE 15 GROWING DEMAND FOR LITHIUM-ION BATTERIES IN CONSUMER ELECTRONICS AND AUTOMOTIVE SECTORS TO DRIVE MARKET
4.2 LITHIUM-ION BATTERY MARKET, BY TYPE
FIGURE 16 LFP SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.3 LITHIUM-ION BATTERY MARKET, BY APPLICATION
FIGURE 17 AUTOMOTIVE SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
4.4 LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
FIGURE 18 AUTOMOTIVE AND US TO HOLD LARGEST MARKET SHARE IN 2032
4.5 LITHIUM-ION BATTERY MARKET, BY COUNTRY
FIGURE 19 CHINA TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 GLOBAL LITHIUM-ION BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 High demand for PHEVs
FIGURE 21 GLOBAL PHEV SALES, 2018–2022
5.2.1.2 Growing adoption of battery-operated material-handling equipment
5.2.1.3 Technological advancements in wearable electronics
FIGURE 22 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Concerns regarding transportation and storage of spent batteries
FIGURE 23 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Integration of renewable energy into grids
5.2.3.2 Increase in R&D efforts toward creating more advanced lithium-ion batteries
5.2.3.3 Decline in cost of lithium-ion batteries
FIGURE 24 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 High installation and maintenance costs
5.2.4.2 Aging and performance degradation in lithium-ion batteries
FIGURE 25 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 26 LITHIUM-ION BATTERY SUPPLY CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 27 KEY PLAYERS IN LITHIUM-ION BATTERY ECOSYSTEM
TABLE 2 LITHIUM-ION BATTERY ECOSYSTEM ANALYSIS
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS AND CELLS
FIGURE 28 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS AND CELLS, 2013–2022
5.5.2 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS OFFERED BY KEY PLAYERS
FIGURE 29 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS, BY KEY PLAYERS
TABLE 3 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS OFFERED BY KEY PLAYERS
5.5.3 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS, BY REGION
TABLE 4 AVERAGE SELLING PRICES OF LITHIUM-ION BATTERY PACKS, BY REGION
5.6 KEY INSIGHTS RELATED TO LITHIUM-ION BATTERY MARKET
5.6.1 TOP LITHIUM-PRODUCING COUNTRIES
TABLE 5 LITHIUM PRODUCTION, BY COUNTRY, 2021
5.6.2 LITHIUM-ION CELL MANUFACTURING CAPACITY, BY COUNTRY
FIGURE 30 LITHIUM-ION CELL MANUFACTURING CAPACITY, BY COUNTRY, 2020 & 2025
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 31 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN LITHIUM-ION BATTERY MARKET
5.8 TECHNOLOGY ANALYSIS
5.8.1 LITHIUM-SULFUR BATTERIES
5.8.2 LITHIUM-SILICON BATTERIES
5.8.3 ZINC-MANGANESE BATTERIES
5.8.4 SODIUM-SULFUR BATTERIES
5.8.5 SOLID-STATE BATTERIES
5.8.6 METAL-AIR BATTERIES
5.8.7 LIQUID-METAL BATTERIES
5.8.8 POTASSIUM METAL BATTERIES
5.8.9 VANADIUM FLOW BATTERIES
5.9 PORTER’S FIVE FORCES ANALYSIS
TABLE 6 LITHIUM-ION BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 32 LITHIUM-ION BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
5.9.1 BARGAINING POWER OF SUPPLIERS
5.9.2 BARGAINING POWER OF BUYERS
5.9.3 THREAT OF NEW ENTRANTS
5.9.4 THREAT OF SUBSTITUTES
5.9.5 INTENSITY OF COMPETITIVE RIVALRY
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION
5.10.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.11 CASE STUDY ANALYSIS
5.11.1 TESLA ESTABLISHES HORNSDALE WIND FARM, AUSTRALIA, WITH LITHIUM-ION BATTERY STORAGE CAPACITY OF 100 MW?/OR 129 MWH TO ENSURE GRID STABILITY
5.11.2 ALLCELL TECHNOLOGIES SUPPLIES 1,300 WH LITHIUM-ION BATTERIES TO PROVIDE ELECTRICAL CONNECTIONS TO SCHOOL IN ANGOLA, CENTRAL AFRICA
5.11.3 EDIXE INDUSTRIES, LECLANCHE, AND TPDDL JOIN HANDS TO LAUNCH GRID-CONNECTED LI-ION BATTERY-POWERED COMMUNITY ENERGY STORAGE SYSTEM
5.11.4 MARSHALL SPACE FLIGHT CENTER, NASA, AWARDS CONTRACT TO KULR TECHNOLOGY GROUP TO BUILD 3D-PRINTED BATTERY SYSTEMS FOR SPACE APPLICATIONS
5.11.5 DA WAN QU PARTNERS WITH CATL TO BUILD DIESEL- AND LI-ION BATTERY-POWERED HYBRID POWER SYSTEMS ON CRUISE SHIP
5.12 TRADE ANALYSIS
5.12.1 IMPORT SCENARIO
FIGURE 35 IMPORT DATA OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.2 EXPORT SCENARIO
FIGURE 36 EXPORT DATA OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)
5.13 PATENT ANALYSIS
FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 9 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS, 2013-2022
FIGURE 38 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
TABLE 10 LITHIUM-ION BATTERY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2021–2023
5.14 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 11 LITHIUM-ION BATTERY MARKET: LIST OF CONFERENCES AND EVENTS
5.15 STANDARDS AND REGULATORY LANDSCAPE
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15.2 STANDARDS AND REGULATIONS
TABLE 16 STANDARDS AND REGULATIONS
6 MATERIALS USED IN LITHIUM-ION BATTERIES
6.1 INTRODUCTION
TABLE 17 KEY MATERIALS USED IN LITHIUM-ION BATTERIES
6.2 CATHODE
6.2.1 CATHODE MATERIALS FOR LITHIUM-ION BATTERIES
6.2.1.1 Lithium iron phosphate
6.2.1.2 Lithium cobalt oxide
6.2.1.3 Lithium nickel manganese cobalt
6.2.1.4 Lithium nickel cobalt aluminum oxide
6.2.1.5 Lithium manganese oxide
6.3 ANODE
6.3.1 ANODE MATERIALS FOR LITHIUM-ION BATTERIES
6.3.1.1 Natural graphite
6.3.1.2 Artificial graphite
6.3.1.3 Other anode materials
6.4 ELECTROLYTE
6.5 SEPARATOR
6.6 CURRENT COLLECTOR
6.7 OTHER MATERIALS
7 LITHIUM-ION BATTERY COMPONENTS AND PRODUCT TYPES
7.1 INTRODUCTION
7.2 COMPONENTS OF LITHIUM-ION BATTERIES
7.2.1 CELLS
7.2.1.1 Easy installation of cell-type lithium-ion batteries in consumer electronics to support market growth
7.2.2 BATTERY PACKS
7.2.2.1 Increased use of lithium-ion batteries in high-power applications to support segmental growth
7.3 PRODUCT TYPE
7.3.1 STATIONARY
7.3.1.1 Growing demand for renewable energy storage systems to boost segmental growth
7.3.2 PORTABLE
7.3.2.1 Rising demand for consumer devices to support market growth
8 LITHIUM-ION BATTERY MARKET, BY TYPE
8.1 INTRODUCTION
FIGURE 39 LITHIUM-ION BATTERY MARKET, BY TYPE
TABLE 18 COMPARISON OF LITHIUM-ION BATTERY TYPES BASED ON DIFFERENT PARAMETERS
FIGURE 40 NMC SEGMENT TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
TABLE 19 LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD BILLION)
TABLE 20 LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD BILLION)
8.2 LITHIUM NICKEL MANGANESE COBALT (NMC)
8.2.1 LOW SELF-HEATING RATE TO DRIVE ADOPTION
FIGURE 41 PERFORMANCE PARAMETERS OF NMC BATTERIES
TABLE 21 NMC: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 22 NMC: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.3 LITHIUM IRON PHOSPHATE (LFP)
8.3.1 GROWING DEPLOYMENT IN HEVS AND PHEVS TO BOOST DEMAND
FIGURE 42 PERFORMANCE PARAMETERS OF LFP BATTERIES
TABLE 23 LFP: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 24 LFP: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.4 LITHIUM COBALT OXIDE (LCO)
8.4.1 INCREASING DEPLOYMENT AS POWER SOURCE IN CONSUMER ELECTRONICS TO DRIVE MARKET
FIGURE 43 PERFORMANCE PARAMETERS OF LCO BATTERIES
TABLE 25 LCO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 26 LCO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.5 LITHIUM TITANATE OXIDE (LTO)
8.5.1 HIGH SECURITY AND STABILITY DUE TO LOW OPERATING VOLTAGE TO BOOST DEMAND
FIGURE 44 PERFORMANCE PARAMETERS OF LTO BATTERIES
TABLE 27 LTO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 28 LTO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.6 LITHIUM MANGANESE OXIDE (LMO)
8.6.1 LOW INTERNAL RESISTANCE AND HIGH THERMAL STABILITY TO DRIVE SEGMENTAL GROWTH
FIGURE 45 PERFORMANCE PARAMETERS OF LMO BATTERIES
TABLE 29 LMO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 30 LMO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.7 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA)
8.7.1 POWER AND AUTOMOTIVE INDUSTRIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
FIGURE 46 PERFORMANCE PARAMETERS OF NCA BATTERIES
TABLE 31 NCA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 32 NCA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
9 LITHIUM-ION BATTERY MARKET, BY CAPACITY
9.1 INTRODUCTION
FIGURE 47 LITHIUM-ION BATTERY MARKET, BY CAPACITY
FIGURE 48 3,001–10,000 MAH SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 33 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD BILLION)
TABLE 34 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD BILLION)
9.2 BELOW 3,000 MAH
9.2.1 INTEGRATION INTO POWER COMPACT ELECTRONIC DEVICES TO FOSTER SEGMENTAL GROWTH
TABLE 35 BELOW 3,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 36 BELOW 3,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
9.3 3,001–10,000 MAH
9.3.1 BOOMING SMARTPHONE MARKET TO DRIVE DEMAND
TABLE 37 3,001–10,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 38 3,001–10,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
9.4 10,001–60,000 MAH
9.4.1 GROWING DEPLOYMENT OF LI-ION BATTERIES WITH MORE THAN 10,000 MAH CAPACITY IN MILITARY EQUIPMENT TO BOOST SEGMENTAL GROWTH
TABLE 39 10,001–60,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 40 10,001–60,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
9.5 ABOVE 60,000 MAH
9.5.1 INCREASING USE OF HIGH-CAPACITY LI-ION BATTERIES TO POWER INDUSTRIAL MACHINES TO FUEL MARKET GROWTH
TABLE 41 ABOVE 60,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 42 ABOVE 60,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
10 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
10.1 INTRODUCTION
FIGURE 49 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
FIGURE 50 HIGH VOLTAGE SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 43 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD BILLION)
TABLE 44 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD BILLION)
10.2 LOW
10.2.1 BUILT-IN BATTERY MANAGEMENT TO DRIVE DEMAND AMONG CONSUMER ELECTRONICS
10.3 MEDIUM
10.3.1 RISING ADOPTION IN SOLAR ENERGY SYSTEMS TO DRIVE MARKET
10.4 HIGH
10.4.1 ENHANCED SAFETY FEATURES TO BOOST DEMAND FROM MARINE AND MILITARY SECTORS
11 LITHIUM-ION BATTERY MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 51 LITHIUM-ION BATTERY MARKET, BY APPLICATION
FIGURE 52 AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 45 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
TABLE 46 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD BILLION)
11.2 CONSUMER ELECTRONICS
11.2.1 GROWING POPULARITY OF ELECTRONIC DEVICES TO BOOST SEGMENTAL GROWTH
11.2.2 SMARTPHONES
11.2.2.1 Rising power demands of modern-day smartphones to drive market
11.2.3 LAPTOPS
11.2.3.1 Increasing demand for slim and small-sized laptops equipped with li-ion batteries to drive market
11.2.4 OTHERS
TABLE 47 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 48 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 49 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 50 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 51 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 52 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 53 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.3 AUTOMOTIVE
11.3.1 GROWING ADOPTION OF HEVS AND PHEVS TO DRIVE DEMAND FOR LI-ION BATTERIES
11.3.2 PLUG-IN HYBRID ELECTRIC VEHICLES
11.3.2.1 Stringent government guidelines pertaining to carbon emissions to drive market
TABLE 55 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 56 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 57 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 58 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 59 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 60 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 61 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 62 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.4 AEROSPACE
11.4.1 NEED FOR SAFE AND COST-EFFECTIVE POWER SOURCES IN AEROSPACE APPLICATIONS TO DRIVE DEMAND
11.4.2 COMMERCIAL AIRCRAFT
11.4.2.1 Enhanced performance and safety in aircraft systems with li-ion batteries to boost segmental growth
TABLE 63 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 64 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 65 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 66 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 67 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 68 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 69 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 70 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.5 MARINE
11.5.1 INCREASING PREFERENCE FOR LFP BATTERIES IN MARINE APPLICATIONS TO SUPPORT GROWTH
11.5.2 COMMERCIAL
11.5.2.1 Need to reduce carbon emissions in commercial shipping to boost demand
11.5.3 TOURISM
11.5.3.1 Sustainable tourism through electric boats to drive demand
TABLE 71 MARINE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 72 MARINE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 73 MARINE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 74 MARINE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 75 MARINE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 76 MARINE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 77 MARINE: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 78 MARINE: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.6 MEDICAL
11.6.1 NEED FOR RELIABLE POWER IN BATTERY-BASED MEDICAL DEVICES TO DRIVE MARKET
TABLE 79 MEDICAL: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 80 MEDICAL: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 81 MEDICAL: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 82 MEDICAL: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 83 MEDICAL: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 84 MEDICAL: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 85 MEDICAL: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 86 MEDICAL: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.7 INDUSTRIAL
11.7.1 INCREASING EMPHASIS ON ENVIRONMENT SAFETY AND ENHANCING DURABILITY OF MINING AND CONSTRUCTION EQUIPMENT TO DRIVE MARKET
11.7.2 MINING EQUIPMENT
11.7.2.1 Need to reduce carbon footprint in mining industry to boost demand
11.7.3 CONSTRUCTION EQUIPMENT
11.7.3.1 Implementation of lithium-ion battery-powered machinery in construction operations to foster segmental growth
11.7.4 FORKLIFTS, AUTOMATED GUIDED VEHICLES, AND AUTOMATED MOBILE ROBOTS
11.7.4.1 Focus on reducing labor costs and increasing productivity through multi-shift applications to fuel demand
TABLE 87 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 88 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 89 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 90 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 91 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 92 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 93 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 94 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.8 POWER
11.8.1 ADVANTAGES OF LITHIUM-ION BATTERIES IN GRID APPLICATIONS TO BOOST MARKET
TABLE 95 POWER: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 96 POWER: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 97 POWER: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 98 POWER: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 99 POWER: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 100 POWER: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 101 POWER: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 102 POWER: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.9 TELECOMMUNICATIONS
11.9.1 ENHANCED COMMUNICATION BASE STATION STABILITY WITH LITHIUM-ION BATTERIES TO STRENGTHEN MARKET
TABLE 103 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 104 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 105 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 106 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 107 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 108 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 109 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 110 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
12 LITHIUM-ION BATTERY MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 53 LITHIUM-ION BATTERY MARKET, BY REGION
FIGURE 54 CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 111 LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD BILLION)
TABLE 112 LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD BILLION)
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 55 NORTH AMERICA: LITHIUM-ION BATTERY MARKET SNAPSHOT
FIGURE 56 US TO ACCOUNT FOR LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
TABLE 113 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 114 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2023–2032 (USD BILLION)
TABLE 115 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 116 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 117 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 118 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
12.2.2 US
12.2.2.1 Public-private alliance to strengthen domestic manufacturing base for clean energy future to drive market
12.2.3 CANADA
12.2.3.1 Abundance of cobalt, lithium, and nickel materials to create lucrative opportunities for battery providers
12.2.4 MEXICO
12.2.4.1 Increasing investments in lithium-ion battery manufacturing to drive market
12.3 EUROPE
12.3.1 EUROPE: RECESSION IMPACT
FIGURE 57 EUROPE: LITHIUM-ION BATTERY MARKET SNAPSHOT
FIGURE 58 GERMANY TO RECORD HIGHEST CAGR IN EUROPEAN LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD
TABLE 119 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 120 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2023–2032 (USD BILLION)
TABLE 121 EUROPE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 122 EUROPE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 123 EUROPE: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 124 EUROPE: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
12.3.2 GERMANY
12.3.2.1 High focus on strengthening renewable energy sector to drive market
12.3.3 UK
12.3.3.1 Adoption of new electrification approaches to fuel market
12.3.4 FRANCE
12.3.4.1 Strategic focus on developing lithium industry to meet rising demand for EV batteries to foster market growth
12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 59 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET SNAPSHOT
FIGURE 60 CHINA TO GAIN LARGEST MARKET SHARE OF ASIA PACIFIC THROUGHOUT FORECAST PERIOD
TABLE 125 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 126 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2023–2032 (USD BILLION)
TABLE 127 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 128 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 129 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 130 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
12.4.2 CHINA
12.4.2.1 Dominance in supply chain of battery ecosystem to bolster market
12.4.3 JAPAN
12.4.3.1 Strong presence of key lithium-ion battery manufacturers to drive market
12.4.4 INDIA
12.4.4.1 Recent lithium discoveries to open up new market opportunities for market players
12.4.5 AUSTRALIA
12.4.5.1 Growing demand for lithium batteries from automotive sector to bolster market growth
12.4.6 INDONESIA
12.4.6.1 Attractive destination for lithium -ion battery manufacturers to drive market
12.4.7 THAILAND
12.4.7.1 Increasing number of new test centers and manufacturing plants to fuel market growth
12.4.8 REST OF ASIA PACIFIC
12.5 ROW
12.5.1 ROW: RECESSION IMPACT
FIGURE 61 SOUTH AMERICA TO DOMINATE ROW MARKET FROM 2023 TO 2028
TABLE 131 ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD BILLION)
TABLE 132 ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD BILLION)
TABLE 133 ROW: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 134 ROW: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 135 ROW: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 136 ROW: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
12.5.2 MIDDLE EAST & AFRICA
12.5.2.1 Surging investments in advanced technologies for generating green and renewable energy to drive market
12.5.3 SOUTH AMERICA
12.5.3.1 Power infrastructure modernization and renewable energy targets to boost demand
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 137 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
13.3 REVENUE ANALYSIS OF TOP FIVE COMPANIES, 2018–2022
FIGURE 62 LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022
13.4 MARKET SHARE ANALYSIS, 2022
TABLE 138 LITHIUM-ION BATTERY MARKET SHARE ANALYSIS (2022)
FIGURE 63 SHARE OF KEY PLAYERS IN LITHIUM-ION BATTERY MARKET, 2022
13.5 EVALUATION MATRIX FOR KEY COMPANIES, 2022
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 64 LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION MATRIX, 2022
13.5.5 COMPANY FOOTPRINT
TABLE 139 LITHIUM-ION BATTERY MARKET: COMPANY FOOTPRINT
TABLE 140 APPLICATION: COMPANY FOOTPRINT
TABLE 141 REGIONAL: COMPANY FOOTPRINT
13.6 EVALUATION MATRIX FOR STARTUPS/SMES, 2022
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 65 LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2022
13.6.5 COMPETITIVE BENCHMARKING
TABLE 142 LITHIUM-ION BATTERY MARKET: LIST OF KEY STARTUPS/SMES
TABLE 143 LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
13.7 COMPETITIVE SCENARIO AND TRENDS
13.7.1 LITHIUM-ION BATTERY MARKET: PRODUCT LAUNCHES, 2019–2023
13.7.2 LITHIUM-ION BATTERY MARKET: DEALS, 2019–2023
14 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
14.1 KEY PLAYERS
14.1.1 LG ENERGY SOLUTION
TABLE 144 LG ENERGY SOLUTION: COMPANY OVERVIEW
FIGURE 66 LG ENERGY SOLUTION: COMPANY SNAPSHOT
TABLE 145 LG ENERGY SOLUTION: PRODUCTS OFFERED
TABLE 146 LG ENERGY SOLUTION: PRODUCT LAUNCHES
TABLE 147 LG ENERGY SOLUTION: DEALS
TABLE 148 LG ENERGY SOLUTION: OTHERS
14.1.2 SAMSUNG SDI CO., LTD.
TABLE 149 SAMSUNG SDI CO., LTD.: COMPANY OVERVIEW
FIGURE 67 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT
TABLE 150 SAMSUNG SDI CO., LTD.: PRODUCTS OFFERED
TABLE 151 SAMSUNG SDI CO., LTD.: OTHERS
14.1.3 PANASONIC HOLDINGS CORPORATION
TABLE 152 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW
FIGURE 68 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 153 PANASONIC HOLDINGS CORPORATION: PRODUCTS OFFERED
TABLE 154 PANASONIC HOLDINGS CORPORATION: DEALS
TABLE 155 PANASONIC HOLDINGS CORPORATION: OTHERS
14.1.4 BYD COMPANY LIMITED
TABLE 156 BYD COMPANY LIMITED.: COMPANY OVERVIEW
FIGURE 69 BYD COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 157 BYD COMPANY LIMITED: PRODUCTS OFFERED
TABLE 158 BYD COMPANY LIMITED: DEALS
14.1.5 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
TABLE 159 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW
FIGURE 70 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT
TABLE 160 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED
TABLE 161 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES
TABLE 162 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS
14.1.6 CALB
TABLE 163 CALB: COMPANY OVERVIEW
TABLE 164 CALB: PRODUCTS OFFERED
TABLE 165 CALB: PRODUCT LAUNCHES
14.1.7 CLARIOS
TABLE 166 CLARIOS.: COMPANY OVERVIEW
TABLE 167 CLARIOS: PRODUCTS OFFERED
14.1.8 EVE ENERGY CO., LTD.
TABLE 168 EVE ENERGY CO., LTD.: COMPANY OVERVIEW
FIGURE 71 EVE ENERGY CO., LTD.: COMPANY SNAPSHOT
TABLE 169 EVE ENERGY CO., LTD.: PRODUCTS OFFERED
TABLE 170 EVE ENERGY CO., LTD.: PRODUCT LAUNCHES
TABLE 171 EVE ENERGY CO., LTD.: DEALS
14.1.9 GS YUASA CORPORATION
TABLE 172 GS YUASA CORPORATION: COMPANY OVERVIEW
FIGURE 72 GS YUASA CORPORATION: COMPANY SNAPSHOT
TABLE 173 GS YUASA CORPORATION: PRODUCTS OFFERED
TABLE 174 GS YUASA CORPORATION: DEALS
14.1.10 HITACHI, LTD.
TABLE 175 HITACHI, LTD.: COMPANY OVERVIEW
FIGURE 73 HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 176 HITACHI, LTD.: PRODUCTS OFFERED
TABLE 177 HITACHI, LTD.: PRODUCT LAUNCHES
TABLE 178 HITACHI, LTD.: DEALS
14.1.11 SHENZHEN BAK BATTERY CO., LTD.
TABLE 179 SHENZHEN BAK BATTERY CO., LTD.: COMPANY OVERVIEW
TABLE 180 SHENZHEN BAK BATTERY CO., LTD.: PRODUCTS OFFERED
TABLE 181 SHENZHEN BAK BATTERY CO., LTD.: PRODUCT LAUNCHES
TABLE 182 SHENZHEN BAK BATTERY CO., LTD.: DEALS
TABLE 183 SHENZHEN BAK BATTERY CO., LTD.: OTHERS
14.1.12 SK INNOVATION CO., LTD.
TABLE 184 SK INNOVATION CO., LTD.: COMPANY OVERVIEW
FIGURE 74 SK INNOVATION CO., LTD.: COMPANY SNAPSHOT
TABLE 185 SK INNOVATION CO., LTD.: PRODUCTS OFFERED
TABLE 186 SK INNOVATION CO., LTD.: DEALS
14.1.13 TESLA, INC.
TABLE 187 TESLA, INC.: COMPANY OVERVIEW
FIGURE 75 TESLA, INC.: COMPANY SNAPSHOT
TABLE 188 TESLA, INC.: PRODUCTS OFFERED
TABLE 189 TESLA, INC.: OTHERS
14.1.14 TOSHIBA CORPORATION
TABLE 190 TOSHIBA CORPORATION: COMPANY OVERVIEW
FIGURE 76 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 191 TOSHIBA CORPORATION: PRODUCTS OFFERED
TABLE 192 TOSHIBA CORPORATION: PRODUCT LAUNCHES
TABLE 193 TOSHIBA CORPORATION: DEALS
14.2 OTHER PLAYERS
14.2.1 AESC
14.2.2 AMPEREX TECHNOLOGY LIMITED
14.2.3 FARASIS ENERGY (GANZHOU) CO., LTD.
14.2.4 GUOXUAN HIGH-TECH CO., LTD.
14.2.5 IPOWER BATTERIES PVT LTD.
14.2.6 LITHIUM WERKS
14.2.7 NEXTERA ENERGY, INC.
14.2.8 NORTHVOLT AB
14.2.9 SAFT GROUPE SAS
14.2.10 SILA NANOTECHNOLOGIES INC.
14.2.11 SOLAREDGE TECHNOLOGIES INC.
14.2.12 VARTA AG
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
15 ADJACENT AND RELATED MARKETS
15.1 INTRODUCTION
15.2 MICRO BATTERY MARKET: BY REGION
15.2.1 INTRODUCTION
TABLE 194 MICRO BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 195 MICRO BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
15.2.2 NORTH AMERICA
TABLE 196 NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 197 NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
15.2.2.1 US
15.2.2.1.1 Growing demand for smart packaging to increase adoption of micro batteries
15.2.2.2 Canada
15.2.2.2.1 Increased adoption of IoT technology in medical sector to fuel market growth
15.2.2.3 Mexico
15.2.2.3.1 Growing demand for consumer electronics to drive market
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
FIGURE 1 LITHIUM-ION BATTERY MARKET SEGMENTATION
1.4.1 REGIONAL SCOPE
FIGURE 2 LITHIUM-ION BATTERY MARKET: REGIONAL SCOPE
1.4.2 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 LITHIUM-ION BATTERY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 LITHIUM-ION BATTERY MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN APPROACH
2.2.1.1 Estimation of market size using top-down approach
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.2.2 BOTTOM-UP APPROACH
2.2.2.1 Estimation of market size using bottom-up approach
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR LITHIUM-ION BATTERY MARKET: SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 9 ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON LITHIUM-ION BATTERY MARKET
2.6 RISK ASSESSMENT
TABLE 1 RISK ANALYSIS
3 EXECUTIVE SUMMARY
FIGURE 10 LITHIUM-ION BATTERY MARKET, 2019–2032 (USD BILLION)
FIGURE 11 LFP BATTERY TYPE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 12 3,001–10,000 MAH SEGMENT TO DISPLAY MAXIMUM CAGR DURING FORECAST PERIOD
FIGURE 13 AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 14 ASIA PACIFIC TO LEAD GLOBAL LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY MARKET
FIGURE 15 GROWING DEMAND FOR LITHIUM-ION BATTERIES IN CONSUMER ELECTRONICS AND AUTOMOTIVE SECTORS TO DRIVE MARKET
4.2 LITHIUM-ION BATTERY MARKET, BY TYPE
FIGURE 16 LFP SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.3 LITHIUM-ION BATTERY MARKET, BY APPLICATION
FIGURE 17 AUTOMOTIVE SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
4.4 LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
FIGURE 18 AUTOMOTIVE AND US TO HOLD LARGEST MARKET SHARE IN 2032
4.5 LITHIUM-ION BATTERY MARKET, BY COUNTRY
FIGURE 19 CHINA TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 GLOBAL LITHIUM-ION BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 High demand for PHEVs
FIGURE 21 GLOBAL PHEV SALES, 2018–2022
5.2.1.2 Growing adoption of battery-operated material-handling equipment
5.2.1.3 Technological advancements in wearable electronics
FIGURE 22 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Concerns regarding transportation and storage of spent batteries
FIGURE 23 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Integration of renewable energy into grids
5.2.3.2 Increase in R&D efforts toward creating more advanced lithium-ion batteries
5.2.3.3 Decline in cost of lithium-ion batteries
FIGURE 24 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 High installation and maintenance costs
5.2.4.2 Aging and performance degradation in lithium-ion batteries
FIGURE 25 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 26 LITHIUM-ION BATTERY SUPPLY CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 27 KEY PLAYERS IN LITHIUM-ION BATTERY ECOSYSTEM
TABLE 2 LITHIUM-ION BATTERY ECOSYSTEM ANALYSIS
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS AND CELLS
FIGURE 28 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS AND CELLS, 2013–2022
5.5.2 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS OFFERED BY KEY PLAYERS
FIGURE 29 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS, BY KEY PLAYERS
TABLE 3 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS OFFERED BY KEY PLAYERS
5.5.3 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS, BY REGION
TABLE 4 AVERAGE SELLING PRICES OF LITHIUM-ION BATTERY PACKS, BY REGION
5.6 KEY INSIGHTS RELATED TO LITHIUM-ION BATTERY MARKET
5.6.1 TOP LITHIUM-PRODUCING COUNTRIES
TABLE 5 LITHIUM PRODUCTION, BY COUNTRY, 2021
5.6.2 LITHIUM-ION CELL MANUFACTURING CAPACITY, BY COUNTRY
FIGURE 30 LITHIUM-ION CELL MANUFACTURING CAPACITY, BY COUNTRY, 2020 & 2025
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 31 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN LITHIUM-ION BATTERY MARKET
5.8 TECHNOLOGY ANALYSIS
5.8.1 LITHIUM-SULFUR BATTERIES
5.8.2 LITHIUM-SILICON BATTERIES
5.8.3 ZINC-MANGANESE BATTERIES
5.8.4 SODIUM-SULFUR BATTERIES
5.8.5 SOLID-STATE BATTERIES
5.8.6 METAL-AIR BATTERIES
5.8.7 LIQUID-METAL BATTERIES
5.8.8 POTASSIUM METAL BATTERIES
5.8.9 VANADIUM FLOW BATTERIES
5.9 PORTER’S FIVE FORCES ANALYSIS
TABLE 6 LITHIUM-ION BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 32 LITHIUM-ION BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
5.9.1 BARGAINING POWER OF SUPPLIERS
5.9.2 BARGAINING POWER OF BUYERS
5.9.3 THREAT OF NEW ENTRANTS
5.9.4 THREAT OF SUBSTITUTES
5.9.5 INTENSITY OF COMPETITIVE RIVALRY
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION
5.10.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.11 CASE STUDY ANALYSIS
5.11.1 TESLA ESTABLISHES HORNSDALE WIND FARM, AUSTRALIA, WITH LITHIUM-ION BATTERY STORAGE CAPACITY OF 100 MW?/OR 129 MWH TO ENSURE GRID STABILITY
5.11.2 ALLCELL TECHNOLOGIES SUPPLIES 1,300 WH LITHIUM-ION BATTERIES TO PROVIDE ELECTRICAL CONNECTIONS TO SCHOOL IN ANGOLA, CENTRAL AFRICA
5.11.3 EDIXE INDUSTRIES, LECLANCHE, AND TPDDL JOIN HANDS TO LAUNCH GRID-CONNECTED LI-ION BATTERY-POWERED COMMUNITY ENERGY STORAGE SYSTEM
5.11.4 MARSHALL SPACE FLIGHT CENTER, NASA, AWARDS CONTRACT TO KULR TECHNOLOGY GROUP TO BUILD 3D-PRINTED BATTERY SYSTEMS FOR SPACE APPLICATIONS
5.11.5 DA WAN QU PARTNERS WITH CATL TO BUILD DIESEL- AND LI-ION BATTERY-POWERED HYBRID POWER SYSTEMS ON CRUISE SHIP
5.12 TRADE ANALYSIS
5.12.1 IMPORT SCENARIO
FIGURE 35 IMPORT DATA OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)
5.12.2 EXPORT SCENARIO
FIGURE 36 EXPORT DATA OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)
5.13 PATENT ANALYSIS
FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 9 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS, 2013-2022
FIGURE 38 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
TABLE 10 LITHIUM-ION BATTERY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2021–2023
5.14 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 11 LITHIUM-ION BATTERY MARKET: LIST OF CONFERENCES AND EVENTS
5.15 STANDARDS AND REGULATORY LANDSCAPE
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15.2 STANDARDS AND REGULATIONS
TABLE 16 STANDARDS AND REGULATIONS
6 MATERIALS USED IN LITHIUM-ION BATTERIES
6.1 INTRODUCTION
TABLE 17 KEY MATERIALS USED IN LITHIUM-ION BATTERIES
6.2 CATHODE
6.2.1 CATHODE MATERIALS FOR LITHIUM-ION BATTERIES
6.2.1.1 Lithium iron phosphate
6.2.1.2 Lithium cobalt oxide
6.2.1.3 Lithium nickel manganese cobalt
6.2.1.4 Lithium nickel cobalt aluminum oxide
6.2.1.5 Lithium manganese oxide
6.3 ANODE
6.3.1 ANODE MATERIALS FOR LITHIUM-ION BATTERIES
6.3.1.1 Natural graphite
6.3.1.2 Artificial graphite
6.3.1.3 Other anode materials
6.4 ELECTROLYTE
6.5 SEPARATOR
6.6 CURRENT COLLECTOR
6.7 OTHER MATERIALS
7 LITHIUM-ION BATTERY COMPONENTS AND PRODUCT TYPES
7.1 INTRODUCTION
7.2 COMPONENTS OF LITHIUM-ION BATTERIES
7.2.1 CELLS
7.2.1.1 Easy installation of cell-type lithium-ion batteries in consumer electronics to support market growth
7.2.2 BATTERY PACKS
7.2.2.1 Increased use of lithium-ion batteries in high-power applications to support segmental growth
7.3 PRODUCT TYPE
7.3.1 STATIONARY
7.3.1.1 Growing demand for renewable energy storage systems to boost segmental growth
7.3.2 PORTABLE
7.3.2.1 Rising demand for consumer devices to support market growth
8 LITHIUM-ION BATTERY MARKET, BY TYPE
8.1 INTRODUCTION
FIGURE 39 LITHIUM-ION BATTERY MARKET, BY TYPE
TABLE 18 COMPARISON OF LITHIUM-ION BATTERY TYPES BASED ON DIFFERENT PARAMETERS
FIGURE 40 NMC SEGMENT TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
TABLE 19 LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD BILLION)
TABLE 20 LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD BILLION)
8.2 LITHIUM NICKEL MANGANESE COBALT (NMC)
8.2.1 LOW SELF-HEATING RATE TO DRIVE ADOPTION
FIGURE 41 PERFORMANCE PARAMETERS OF NMC BATTERIES
TABLE 21 NMC: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 22 NMC: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.3 LITHIUM IRON PHOSPHATE (LFP)
8.3.1 GROWING DEPLOYMENT IN HEVS AND PHEVS TO BOOST DEMAND
FIGURE 42 PERFORMANCE PARAMETERS OF LFP BATTERIES
TABLE 23 LFP: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 24 LFP: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.4 LITHIUM COBALT OXIDE (LCO)
8.4.1 INCREASING DEPLOYMENT AS POWER SOURCE IN CONSUMER ELECTRONICS TO DRIVE MARKET
FIGURE 43 PERFORMANCE PARAMETERS OF LCO BATTERIES
TABLE 25 LCO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 26 LCO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.5 LITHIUM TITANATE OXIDE (LTO)
8.5.1 HIGH SECURITY AND STABILITY DUE TO LOW OPERATING VOLTAGE TO BOOST DEMAND
FIGURE 44 PERFORMANCE PARAMETERS OF LTO BATTERIES
TABLE 27 LTO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 28 LTO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.6 LITHIUM MANGANESE OXIDE (LMO)
8.6.1 LOW INTERNAL RESISTANCE AND HIGH THERMAL STABILITY TO DRIVE SEGMENTAL GROWTH
FIGURE 45 PERFORMANCE PARAMETERS OF LMO BATTERIES
TABLE 29 LMO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 30 LMO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
8.7 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA)
8.7.1 POWER AND AUTOMOTIVE INDUSTRIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
FIGURE 46 PERFORMANCE PARAMETERS OF NCA BATTERIES
TABLE 31 NCA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 32 NCA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
9 LITHIUM-ION BATTERY MARKET, BY CAPACITY
9.1 INTRODUCTION
FIGURE 47 LITHIUM-ION BATTERY MARKET, BY CAPACITY
FIGURE 48 3,001–10,000 MAH SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 33 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD BILLION)
TABLE 34 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD BILLION)
9.2 BELOW 3,000 MAH
9.2.1 INTEGRATION INTO POWER COMPACT ELECTRONIC DEVICES TO FOSTER SEGMENTAL GROWTH
TABLE 35 BELOW 3,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 36 BELOW 3,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
9.3 3,001–10,000 MAH
9.3.1 BOOMING SMARTPHONE MARKET TO DRIVE DEMAND
TABLE 37 3,001–10,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 38 3,001–10,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
9.4 10,001–60,000 MAH
9.4.1 GROWING DEPLOYMENT OF LI-ION BATTERIES WITH MORE THAN 10,000 MAH CAPACITY IN MILITARY EQUIPMENT TO BOOST SEGMENTAL GROWTH
TABLE 39 10,001–60,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 40 10,001–60,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
9.5 ABOVE 60,000 MAH
9.5.1 INCREASING USE OF HIGH-CAPACITY LI-ION BATTERIES TO POWER INDUSTRIAL MACHINES TO FUEL MARKET GROWTH
TABLE 41 ABOVE 60,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 42 ABOVE 60,000 MAH: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
10 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
10.1 INTRODUCTION
FIGURE 49 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
FIGURE 50 HIGH VOLTAGE SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 43 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD BILLION)
TABLE 44 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD BILLION)
10.2 LOW
10.2.1 BUILT-IN BATTERY MANAGEMENT TO DRIVE DEMAND AMONG CONSUMER ELECTRONICS
10.3 MEDIUM
10.3.1 RISING ADOPTION IN SOLAR ENERGY SYSTEMS TO DRIVE MARKET
10.4 HIGH
10.4.1 ENHANCED SAFETY FEATURES TO BOOST DEMAND FROM MARINE AND MILITARY SECTORS
11 LITHIUM-ION BATTERY MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 51 LITHIUM-ION BATTERY MARKET, BY APPLICATION
FIGURE 52 AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 45 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
TABLE 46 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD BILLION)
11.2 CONSUMER ELECTRONICS
11.2.1 GROWING POPULARITY OF ELECTRONIC DEVICES TO BOOST SEGMENTAL GROWTH
11.2.2 SMARTPHONES
11.2.2.1 Rising power demands of modern-day smartphones to drive market
11.2.3 LAPTOPS
11.2.3.1 Increasing demand for slim and small-sized laptops equipped with li-ion batteries to drive market
11.2.4 OTHERS
TABLE 47 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 48 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 49 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 50 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 51 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 52 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 53 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.3 AUTOMOTIVE
11.3.1 GROWING ADOPTION OF HEVS AND PHEVS TO DRIVE DEMAND FOR LI-ION BATTERIES
11.3.2 PLUG-IN HYBRID ELECTRIC VEHICLES
11.3.2.1 Stringent government guidelines pertaining to carbon emissions to drive market
TABLE 55 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 56 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 57 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 58 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 59 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 60 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 61 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 62 AUTOMOTIVE: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.4 AEROSPACE
11.4.1 NEED FOR SAFE AND COST-EFFECTIVE POWER SOURCES IN AEROSPACE APPLICATIONS TO DRIVE DEMAND
11.4.2 COMMERCIAL AIRCRAFT
11.4.2.1 Enhanced performance and safety in aircraft systems with li-ion batteries to boost segmental growth
TABLE 63 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 64 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 65 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 66 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 67 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 68 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 69 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 70 AEROSPACE: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.5 MARINE
11.5.1 INCREASING PREFERENCE FOR LFP BATTERIES IN MARINE APPLICATIONS TO SUPPORT GROWTH
11.5.2 COMMERCIAL
11.5.2.1 Need to reduce carbon emissions in commercial shipping to boost demand
11.5.3 TOURISM
11.5.3.1 Sustainable tourism through electric boats to drive demand
TABLE 71 MARINE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 72 MARINE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 73 MARINE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 74 MARINE: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 75 MARINE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 76 MARINE: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 77 MARINE: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 78 MARINE: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.6 MEDICAL
11.6.1 NEED FOR RELIABLE POWER IN BATTERY-BASED MEDICAL DEVICES TO DRIVE MARKET
TABLE 79 MEDICAL: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 80 MEDICAL: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 81 MEDICAL: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 82 MEDICAL: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 83 MEDICAL: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 84 MEDICAL: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 85 MEDICAL: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 86 MEDICAL: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.7 INDUSTRIAL
11.7.1 INCREASING EMPHASIS ON ENVIRONMENT SAFETY AND ENHANCING DURABILITY OF MINING AND CONSTRUCTION EQUIPMENT TO DRIVE MARKET
11.7.2 MINING EQUIPMENT
11.7.2.1 Need to reduce carbon footprint in mining industry to boost demand
11.7.3 CONSTRUCTION EQUIPMENT
11.7.3.1 Implementation of lithium-ion battery-powered machinery in construction operations to foster segmental growth
11.7.4 FORKLIFTS, AUTOMATED GUIDED VEHICLES, AND AUTOMATED MOBILE ROBOTS
11.7.4.1 Focus on reducing labor costs and increasing productivity through multi-shift applications to fuel demand
TABLE 87 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 88 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 89 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 90 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 91 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 92 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 93 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 94 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.8 POWER
11.8.1 ADVANTAGES OF LITHIUM-ION BATTERIES IN GRID APPLICATIONS TO BOOST MARKET
TABLE 95 POWER: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 96 POWER: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 97 POWER: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 98 POWER: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 99 POWER: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 100 POWER: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 101 POWER: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 102 POWER: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
11.9 TELECOMMUNICATIONS
11.9.1 ENHANCED COMMUNICATION BASE STATION STABILITY WITH LITHIUM-ION BATTERIES TO STRENGTHEN MARKET
TABLE 103 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 104 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 105 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
TABLE 106 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2023–2032 (USD MILLION)
TABLE 107 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
TABLE 108 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD MILLION)
TABLE 109 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 110 TELECOMMUNICATIONS: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD MILLION)
12 LITHIUM-ION BATTERY MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 53 LITHIUM-ION BATTERY MARKET, BY REGION
FIGURE 54 CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 111 LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD BILLION)
TABLE 112 LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD BILLION)
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 55 NORTH AMERICA: LITHIUM-ION BATTERY MARKET SNAPSHOT
FIGURE 56 US TO ACCOUNT FOR LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
TABLE 113 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 114 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2023–2032 (USD BILLION)
TABLE 115 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 116 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 117 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 118 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
12.2.2 US
12.2.2.1 Public-private alliance to strengthen domestic manufacturing base for clean energy future to drive market
12.2.3 CANADA
12.2.3.1 Abundance of cobalt, lithium, and nickel materials to create lucrative opportunities for battery providers
12.2.4 MEXICO
12.2.4.1 Increasing investments in lithium-ion battery manufacturing to drive market
12.3 EUROPE
12.3.1 EUROPE: RECESSION IMPACT
FIGURE 57 EUROPE: LITHIUM-ION BATTERY MARKET SNAPSHOT
FIGURE 58 GERMANY TO RECORD HIGHEST CAGR IN EUROPEAN LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD
TABLE 119 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 120 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2023–2032 (USD BILLION)
TABLE 121 EUROPE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 122 EUROPE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 123 EUROPE: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 124 EUROPE: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
12.3.2 GERMANY
12.3.2.1 High focus on strengthening renewable energy sector to drive market
12.3.3 UK
12.3.3.1 Adoption of new electrification approaches to fuel market
12.3.4 FRANCE
12.3.4.1 Strategic focus on developing lithium industry to meet rising demand for EV batteries to foster market growth
12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 59 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET SNAPSHOT
FIGURE 60 CHINA TO GAIN LARGEST MARKET SHARE OF ASIA PACIFIC THROUGHOUT FORECAST PERIOD
TABLE 125 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
TABLE 126 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2023–2032 (USD BILLION)
TABLE 127 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 128 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 129 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 130 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
12.4.2 CHINA
12.4.2.1 Dominance in supply chain of battery ecosystem to bolster market
12.4.3 JAPAN
12.4.3.1 Strong presence of key lithium-ion battery manufacturers to drive market
12.4.4 INDIA
12.4.4.1 Recent lithium discoveries to open up new market opportunities for market players
12.4.5 AUSTRALIA
12.4.5.1 Growing demand for lithium batteries from automotive sector to bolster market growth
12.4.6 INDONESIA
12.4.6.1 Attractive destination for lithium -ion battery manufacturers to drive market
12.4.7 THAILAND
12.4.7.1 Increasing number of new test centers and manufacturing plants to fuel market growth
12.4.8 REST OF ASIA PACIFIC
12.5 ROW
12.5.1 ROW: RECESSION IMPACT
FIGURE 61 SOUTH AMERICA TO DOMINATE ROW MARKET FROM 2023 TO 2028
TABLE 131 ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD BILLION)
TABLE 132 ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2032 (USD BILLION)
TABLE 133 ROW: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 134 ROW: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)
TABLE 135 ROW: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 136 ROW: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
12.5.2 MIDDLE EAST & AFRICA
12.5.2.1 Surging investments in advanced technologies for generating green and renewable energy to drive market
12.5.3 SOUTH AMERICA
12.5.3.1 Power infrastructure modernization and renewable energy targets to boost demand
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 137 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
13.3 REVENUE ANALYSIS OF TOP FIVE COMPANIES, 2018–2022
FIGURE 62 LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022
13.4 MARKET SHARE ANALYSIS, 2022
TABLE 138 LITHIUM-ION BATTERY MARKET SHARE ANALYSIS (2022)
FIGURE 63 SHARE OF KEY PLAYERS IN LITHIUM-ION BATTERY MARKET, 2022
13.5 EVALUATION MATRIX FOR KEY COMPANIES, 2022
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 64 LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION MATRIX, 2022
13.5.5 COMPANY FOOTPRINT
TABLE 139 LITHIUM-ION BATTERY MARKET: COMPANY FOOTPRINT
TABLE 140 APPLICATION: COMPANY FOOTPRINT
TABLE 141 REGIONAL: COMPANY FOOTPRINT
13.6 EVALUATION MATRIX FOR STARTUPS/SMES, 2022
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 65 LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2022
13.6.5 COMPETITIVE BENCHMARKING
TABLE 142 LITHIUM-ION BATTERY MARKET: LIST OF KEY STARTUPS/SMES
TABLE 143 LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
13.7 COMPETITIVE SCENARIO AND TRENDS
13.7.1 LITHIUM-ION BATTERY MARKET: PRODUCT LAUNCHES, 2019–2023
13.7.2 LITHIUM-ION BATTERY MARKET: DEALS, 2019–2023
14 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
14.1 KEY PLAYERS
14.1.1 LG ENERGY SOLUTION
TABLE 144 LG ENERGY SOLUTION: COMPANY OVERVIEW
FIGURE 66 LG ENERGY SOLUTION: COMPANY SNAPSHOT
TABLE 145 LG ENERGY SOLUTION: PRODUCTS OFFERED
TABLE 146 LG ENERGY SOLUTION: PRODUCT LAUNCHES
TABLE 147 LG ENERGY SOLUTION: DEALS
TABLE 148 LG ENERGY SOLUTION: OTHERS
14.1.2 SAMSUNG SDI CO., LTD.
TABLE 149 SAMSUNG SDI CO., LTD.: COMPANY OVERVIEW
FIGURE 67 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT
TABLE 150 SAMSUNG SDI CO., LTD.: PRODUCTS OFFERED
TABLE 151 SAMSUNG SDI CO., LTD.: OTHERS
14.1.3 PANASONIC HOLDINGS CORPORATION
TABLE 152 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW
FIGURE 68 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 153 PANASONIC HOLDINGS CORPORATION: PRODUCTS OFFERED
TABLE 154 PANASONIC HOLDINGS CORPORATION: DEALS
TABLE 155 PANASONIC HOLDINGS CORPORATION: OTHERS
14.1.4 BYD COMPANY LIMITED
TABLE 156 BYD COMPANY LIMITED.: COMPANY OVERVIEW
FIGURE 69 BYD COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 157 BYD COMPANY LIMITED: PRODUCTS OFFERED
TABLE 158 BYD COMPANY LIMITED: DEALS
14.1.5 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
TABLE 159 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW
FIGURE 70 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT
TABLE 160 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED
TABLE 161 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES
TABLE 162 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS
14.1.6 CALB
TABLE 163 CALB: COMPANY OVERVIEW
TABLE 164 CALB: PRODUCTS OFFERED
TABLE 165 CALB: PRODUCT LAUNCHES
14.1.7 CLARIOS
TABLE 166 CLARIOS.: COMPANY OVERVIEW
TABLE 167 CLARIOS: PRODUCTS OFFERED
14.1.8 EVE ENERGY CO., LTD.
TABLE 168 EVE ENERGY CO., LTD.: COMPANY OVERVIEW
FIGURE 71 EVE ENERGY CO., LTD.: COMPANY SNAPSHOT
TABLE 169 EVE ENERGY CO., LTD.: PRODUCTS OFFERED
TABLE 170 EVE ENERGY CO., LTD.: PRODUCT LAUNCHES
TABLE 171 EVE ENERGY CO., LTD.: DEALS
14.1.9 GS YUASA CORPORATION
TABLE 172 GS YUASA CORPORATION: COMPANY OVERVIEW
FIGURE 72 GS YUASA CORPORATION: COMPANY SNAPSHOT
TABLE 173 GS YUASA CORPORATION: PRODUCTS OFFERED
TABLE 174 GS YUASA CORPORATION: DEALS
14.1.10 HITACHI, LTD.
TABLE 175 HITACHI, LTD.: COMPANY OVERVIEW
FIGURE 73 HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 176 HITACHI, LTD.: PRODUCTS OFFERED
TABLE 177 HITACHI, LTD.: PRODUCT LAUNCHES
TABLE 178 HITACHI, LTD.: DEALS
14.1.11 SHENZHEN BAK BATTERY CO., LTD.
TABLE 179 SHENZHEN BAK BATTERY CO., LTD.: COMPANY OVERVIEW
TABLE 180 SHENZHEN BAK BATTERY CO., LTD.: PRODUCTS OFFERED
TABLE 181 SHENZHEN BAK BATTERY CO., LTD.: PRODUCT LAUNCHES
TABLE 182 SHENZHEN BAK BATTERY CO., LTD.: DEALS
TABLE 183 SHENZHEN BAK BATTERY CO., LTD.: OTHERS
14.1.12 SK INNOVATION CO., LTD.
TABLE 184 SK INNOVATION CO., LTD.: COMPANY OVERVIEW
FIGURE 74 SK INNOVATION CO., LTD.: COMPANY SNAPSHOT
TABLE 185 SK INNOVATION CO., LTD.: PRODUCTS OFFERED
TABLE 186 SK INNOVATION CO., LTD.: DEALS
14.1.13 TESLA, INC.
TABLE 187 TESLA, INC.: COMPANY OVERVIEW
FIGURE 75 TESLA, INC.: COMPANY SNAPSHOT
TABLE 188 TESLA, INC.: PRODUCTS OFFERED
TABLE 189 TESLA, INC.: OTHERS
14.1.14 TOSHIBA CORPORATION
TABLE 190 TOSHIBA CORPORATION: COMPANY OVERVIEW
FIGURE 76 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 191 TOSHIBA CORPORATION: PRODUCTS OFFERED
TABLE 192 TOSHIBA CORPORATION: PRODUCT LAUNCHES
TABLE 193 TOSHIBA CORPORATION: DEALS
14.2 OTHER PLAYERS
14.2.1 AESC
14.2.2 AMPEREX TECHNOLOGY LIMITED
14.2.3 FARASIS ENERGY (GANZHOU) CO., LTD.
14.2.4 GUOXUAN HIGH-TECH CO., LTD.
14.2.5 IPOWER BATTERIES PVT LTD.
14.2.6 LITHIUM WERKS
14.2.7 NEXTERA ENERGY, INC.
14.2.8 NORTHVOLT AB
14.2.9 SAFT GROUPE SAS
14.2.10 SILA NANOTECHNOLOGIES INC.
14.2.11 SOLAREDGE TECHNOLOGIES INC.
14.2.12 VARTA AG
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
15 ADJACENT AND RELATED MARKETS
15.1 INTRODUCTION
15.2 MICRO BATTERY MARKET: BY REGION
15.2.1 INTRODUCTION
TABLE 194 MICRO BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 195 MICRO BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
15.2.2 NORTH AMERICA
TABLE 196 NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 197 NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
15.2.2.1 US
15.2.2.1.1 Growing demand for smart packaging to increase adoption of micro batteries
15.2.2.2 Canada
15.2.2.2.1 Increased adoption of IoT technology in medical sector to fuel market growth
15.2.2.3 Mexico
15.2.2.3.1 Growing demand for consumer electronics to drive market
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
