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Lithium-ion Battery Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Lithium-ion Battery Market- (By Type - Lithium Nickel Magnesium Cobalt (LI-NMC), Lithium Ferro Phosphate (LFP), Lithium Cobalt Oxide (LCO), and others; By Power Capacity - 0-300 mAH, 3,000-10,000 mAH, and others; By Application - Consumer Electronics OEMs, Automotive OEMs, Energy Storage, and others; By Form/Design – Pouch, Cylindrical, Elliptical and others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 24-Jan-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0122125
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Lithium-ion Battery Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 60,385.6 Mn
Expected Revenue in 2027US$ 1,85,040.3 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR20.5%
Segments coveredBy Type, Power Capacity, Application, Form/Design, and region
Key CompaniesBYD Lithium Battery Co. Ltd., LG Chem, Panasonic Corporation, Samsung SDI, Hitachi Corporation, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

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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