The global Lithium-ion Battery Market was valued at US$ 60,385.6 Mn in 2021 and is projected to reach US$ 1,85,040.3 Mn by 2027. The market is expected to register a CAGR of 20.5% during the forecast period 2022-2027. A lithium-ion battery is a rechargeable battery, which utilizes lithium ions as the essential component of its electrochemistry. Lithium-ion batteries have a wide range of applications right from heavy-duty vehicles to smartwatches and other daily used electronic gadgets.
The market is driven by factors such as increasing demand for electric vehicles and the rising adoption of consumer electronics. The global appliance and consumer electronics (ACE) market is expected to grow at a CAGR of 12-15% during 2017-2027. Rising disposable income coupled with the need for internet usage has further boosted the demand for smart consumer electronics. Apart from the consumer electronics stream, the lithium-ion battery has major applications in the integration of renewable energy with grid technology, telecommunication, and even in aerospace. The increasing adoption of lithium-ion batteries is observed due to their capacity to hold significant power in small size and lightweight bodies.
However, lithium batteries have a risk of being outcompeted by other advanced technologies such as zinc batteries, flow batteries, and high-temperature batteries among others.
Report Summary
The study of the Global Lithium-ion Battery Market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the lithium battery market for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Global Lithium-ion Battery Market across 15 Chapters and, 221 pages. The report includes data presentation across 45 tables and 111 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the threat of substitutes and bargaining power of buyers is high. Further, the report provides demand-supply gap analysis which includes consumer electronics sales, automotive sales, energy storage sales, and industry sales.
The subsequent section provides details of the market analysis based on different segments such as type, power capacity, application, form/ design, and region. The report includes a detailed study of manufacturing costs in the lithium-ion market. It includes a cost analysis of EV lithium-ion battery, cost analysis of consumer-grade lithium-ion battery, unit cost analysis of EV battery pack, and cell component cost analysis. The report also covers extensively the key competitors in the global lithium-ion battery market.
Key Takeaways from Global Lithium-ion Battery Market
Competitive Landscape
Segmentation Overview of the Global Lithium-ion Battery Market
Following are the different segments of the Global Lithium-ion Battery Market: -
By Type Segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
By Power Capacity Segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
By Application segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
By Form/Design Segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
By Region Segment of the Global Lithium-ion Battery Market is Sub-Segmented into:
| Report Attribute | Details |
|---|---|
| Market Size Value in 2021 | US$ 60,385.6 Mn |
| Expected Revenue in 2027 | US$ 1,85,040.3 Mn |
| Historic Data | 2017-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2027 |
| Unit | Value (USD Mn) |
| CAGR | 20.5% |
| Segments covered | By Type, Power Capacity, Application, Form/Design, and region |
| Key Companies | BYD Lithium Battery Co. Ltd., LG Chem, Panasonic Corporation, Samsung SDI, Hitachi Corporation, and other prominent players. |
| Customization Scope | Get your customized report as per your preference. Ask for customization |
The lithium-ion batteries have wide range of applications right from heavy duty vehicles to smart watches and other daily used electronic gadgets.
Global Lithium-ion Battery Market is projecting a CAGR of 21.4% during the forecast period 2022-2027.
Increasing demand for electric vehicle and rising adoption of consumer electronics are some major factors driving the growth of the lithium-ion batteries market.
Lithium batteries have a risk of being outcompeted by other advanced technologies such as zinc batteries, flow batteries, and high temperature batteries among others in near future.
Big players have adopted various competitive strategies such as product launch, mergers & acquisitions in order to have a grip in the Global Lithium-ion Battery Market.
To decrease the dependence on future imports of key raw metals and to escape health and environmental hazards recycling of lithium-ion batteries is essential.
Covid-19 has increased the pace of digitalization across the globe. From learning to shopping, everything is done using electronic gadgets, and this in turn is increasing the demand of consumer electronics, which is expected to give a push to lithium-ion battery market. Although disrupted supply chain scooped out the constant growth of the global marketplace.
Lithium Nickel Magnesium Cobalt (LI-NMC) batteries dominated the market in 2021.
Lithium Nickel Magnesium Cobalt (LI-NMC) batteries dominated the market in 2021.
By application, automotive OEM segment has the highest share of Global Lithium-ion Battery Market.
Asia Pacific holds the maximum market share of Global Lithium-ion Battery Market.
Key players holding majority of the market share in the global lithium-ion batterymarketplace are LG Chem, BYD Company, Samsung SDI, Panasonic corporation and CATL among others.
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| Report ID: AA0122125 
