Worldwide Lithium-ion Battery Industry to 2027 – Featuring A123 Systems, LG Chem and Toshiba Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Lithium-ion Battery Market to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global lithium-ion battery market reached a value of US$ 39.41 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 83.62 Billion by 2027, exhibiting a CAGR of 13.62% during 2022-2027.
Companies Mentioned
- A123 Systems LLC
- AESC SDI CO.,LTD.
- LG Chem Ltd.
- Panasonic Corporation
- SAMSUNG SDI CO.,LTD.
- Toshiba Corporation
- Amperex Technology Limited
- BAK Group
- Blue Energy Limited
- BYD Company Ltd.
- CBAK Energy Technology Inc.
- Tianjin Lishen Battery Joint-Stock CO.,LTD.
- Valence Technology Inc.
- SK innovation Co. Ltd
- Hitachi Ltd.
Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor
A lithium-ion battery (LIB) is a rechargeable battery that utilizes an intercalated lithium compound as its electrode. Consisting of the anode, cathode and electrolyte, it is an electrochemical storage device that does not require complete discharge prior to recharging. It is characterized by higher energy density, minimal maintenance and lower self-discharge rates when compared with its counterparts, such as nickel-cadmium batteries. It also offers a good energy-to-weight ratio and high open-circuit voltage. Additionally, it does not require scheduled cycling to improve its service life. As a result, LIB finds extensive application across numerous industry verticals, such as consumer electronics and automotive
A significant increase in the uptake of consumer electronics on the global level represents the primary factor driving the growth of the market. In line with this, the increasing penetration of portable variants, such as smartphones, laptops, digital cameras, gaming consoles and torches, along with high-speed internet connectivity, is significantly contributing to the market growth. The increasing usage of these electronics has created an incessant demand for high-quality rechargeable batteries, which is expected to provide a thrust to the market growth.
Along with this, LIB forms an indispensable component of electric vehicles (EVs). Enhanced focus on sustainable development and the growing awareness regarding the adverse effects of using traditional automobiles have provided an impetus to the market growth. Additionally, governments of numerous countries are offering subsidies and implementing favorable initiatives to promote the sales of EVs, which is anticipated to create a positive outlook for the market. Furthermore, LIBs are widely employed as a crucial component in grid energy storage, such as solar grids. The rising demand for an uninterrupted supply of electricity is acting as another major growth-inducing factor
Key Questions Answered in This Report:
- How has the global lithium-ion battery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global lithium-ion battery market?
- What are the key regional markets?
- What is the breakup of the market on the basis of the product type?
- What is the breakup of the market on the basis of the power capacity?
- What is the breakup of the market on the basis of the application?
- What are the price trends of lithium-ion batteries?
- What are the various stages in the value chain of the industry?
- How are lithium-ion batteries manufactured?
- What are the key driving factors and challenges in the market?
- What is the structure of the global lithium-ion battery market and who are the key players?
- What is the degree of competition in the market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Lithium-ion Battery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Power Capacity
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.11 Porters Five Forces Analysis
5.12 Price Analysis
6 Market Breakup by Product Type
7 Market Breakup by Power Capacity
8 Market Breakup by Application
9 Market Breakup by Region
10 Lithium-ion Battery Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/27vwb9
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
