According to the new research report published by The Insight Partners, titled “Lithium-ion Battery - Global Analysis and Forecast to 2025”, The global lithium-ion battery market is expected to grow at a CAGR of 14.9% during the forecast period 2018 - 2025, to account to US$71.04 Bn by 2025.

In 2017, Asia Pacific accounted for the largest revenue share in the lithium-ion battery market. High market share is primarily due to presence of major PEV and PHEV vehicle and E-Bike manufacturers such as BYD, KANDI, Zotye, Phylion and others. The region also includes the presence of high volume (units) electronic device product manufactures such as Toshiba and Samsung. Further, banning of fuel powered motorcycles in China has also resulted the increase penetration of Li-Ion batteries from 6% to 17% in the country. Further, government initiatives to promote in-house manufacturing in developing countries across the region is driving the sales of electronic components in the region thereby the paving the way for growth of Li-ion battery market.

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The Lithium ion battery based on their power ratings provide power supply across significantly vast range of commercial, residential and industrial applications. Further, through the advancement in technology has facilitated in batteries with improved energy efficiencies and charging periods. Over the last few years, they have played a major role in the growth and evolution of the energy, automotive and electronic appliances sectors. While multiple technologies exist encompassing pump-hydro, compressed air, flywheels and batteries; Li-ion technologies have provided the energy and power requirements to meet the technical demands of these three sectors. The South America Lithium ion battery market region is expected to witness a CAGR growth rate of 15.7% in the coming years. Thus, the Lithium ion battery marketis expected to witness significant growth opportunities in the coming years.

In 2017, Asia Pacific accounted for the largest revenue share in the lithium-ion battery market. High market share is primarily due to presence of major PEV and PHEV vehicle and E-Bike manufacturers such as BYD, KANDI, Zotye, Phylion and others. The region also includes the presence of high volume (units) electronic device product manufactures such as Toshiba and Samsung. Further, banning of fuel powered motorcycles in China has also resulted the increase penetration of Li-Ion batteries from 6% to 17% in the country. Further, government initiatives to promote in-house manufacturing in developing countries across the region is driving the sales of electronic components in the region thereby the paving the way for growth of Li-ion battery market.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Lithium Ion Battery Market’ provides the analysis on impact on Covid-19 on                 business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Modern devices rely more on Li-ion batteries which are extensively used in different types of consumer electronics and hybrid & electric vehicles. Along with this, the demand for wearable devices is getting higher such as smart watches and healthcare bands etc. The customers are demanding more from these batteries in terms of energy storage, the speed of recharge, and working conditions. Currently, Li-cobalt oxide battery, Li-ion phosphate battery, Li-titanate battery, Li-manganese oxide, and Li-nickel manganese cobalt oxide battery are few of the highly used lithium-ion batteries. However, there are certain heat-related issues related to the use of Li-ion batteries. Thus, many of the several research institutes and organizations are experimenting with many alternative approaches to battery chemistry.

The top companies operating in the field of Lithium Ion Battery include Tesla Motors Inc., Panasonic Corporation, Toshiba Corporation, Samsung SDI Co. Ltd., Automotive Energy Supply Corporation, Hitachi Chemical Co. Ltd., LG Chem Power Inc., GS YUASA Corporation, A123 Systems LLC, and Johnson Controls, Inc. among others. Various other companies operating in the market and are coming up with new technologies and offerings which is helping the market for lithium ion battery to expand over the years.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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