BOSTON, July 13, 2022 /PRNewswire/ -- A new research document is added in Data Bridge Market Research database, titled as "Global Lithium Ion Battery Market". All the data and information covered here helps businesses in refining their strategic decision making. Remarkable industry insights and know-how of the greatest market opportunities into the significant markets required for successful business growth can be gained with this best market research report. Furthermore, the statistical and numerical data such as facts and figures are signified very properly in the report by using charts, tables or graphs. Businesses can achieve current as well as upcoming technical and financial details of the industry with this market research report. Being an extensive global market research report, it also identifies, analyses, and estimates the emerging trends along with major drivers, challenges and opportunities in this industry along with the analysis of retailers, geographical regions, types, and applications.
Global Lithium Ion Battery Market was valued at USD 6.70 billion in 2021 and is expected to reach USD 26.28 billion by 2029, registering a CAGR of 18.62% during the forecast period of 2022-2029. Consumer electronics accounts for the largest vertical segment in the respective market owing to the high usage of batteries in electronic gadgets. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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The investment made in the study would provide you access to information such as:
- Lithium Ion Battery Market [Global - Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends - Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter's Five Forces, etc.
- Market Size)
- Market Size by application/industry verticals
- Market Projections/Forecast
List of prominent Players that are operating in the Lithium Ion Battery Market are:
- Saft (France)
- SAMSUNG SDI CO.,LTD. (South Korea)
- Lithium Energy Japan (Japan)
- Tianjin Lishen Battery Co., Ltd. (China)
- Shenzhen A&S Power Technology Co., Ltd. (China)
- LITHIUMWERKS (Europe)
- GlobTek, Inc. (US)
- BYD Company Ltd (Chiana)
- Panasonic Corporation (Japan)
- LG Chem (South Korea)
- VARTA Microbattery GmbH (Germany)
- Dalian CBAK Power Battery Co., Ltd (China)
- TOSHIBA CORPORATION (Japan)
- CALB USA Inc. (US)
- Shenzhen BAK Technology Co., Ltd. (China)
- Contemporary Amperex Technology Co., Limited (China)
- A123 Systems LLC (US)
- Amperex Technology Limited (China)
- XALT Energy (Switzerland)
- Leclanche (Switzerland)
Recent Developments
- CATL and Daimler Truck AG announced the intensification of their existing partnership in May'2021. These are based on their shared vision of CO2-neutral electrified trucking. CATL will act as a supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck. These trucks will be ready for series production in 2024.
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Scope Market Size of Lithium Ion Battery Market Report:
Type
- Lithium Cobalt Oxide (LCO)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
- Lithium Iron Phosphate (LFP)
- Lithium Nickel Cobalt Aluminum Oxide (NCA)
- Lithium Titanate Oxide (LTO)
Component
- Anode
- Cathode
- Separator
- Electrolytic
Power Capacity
- Below 3000 mAh
- 3000 mAh to 10000 mAh
- 10000 mAh to 60000 mAh
- Above 60000 mAh
Vertical
- Automotive
- Consumer Electronics
- Aerospace and Defense
- Industrial
- Construction
- Power
- Telecom
- Marine
- Others
Lithium Ion Battery Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand for Consumer Electronics
The rise in demand for consumer electronics across the globe acts as one of the major factors driving the growth of lithium ion battery market. The penetration of portable variants, such as laptops, gaming consoles, smartphones, torches, and digital cameras, along with high-speed internet connectivity has a positive impact on the market.
- Demand for High-Quality Rechargeable Batteries
The increase in the demand for high-quality rechargeable batteries accelerate the market growth. Also, the usage of these electronics and use of lithium ion battery as an indispensable component of electric vehicles (EVs) drives the market.
- Sustainable Development
The rise in focus on sustainable development along with increase in awareness regarding the adverse effects of using traditional automobiles further influence the market. Various governments of numerous countries are implementing favorable initiatives to promote the sales of EVs.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the lithium ion battery market.
Opportunities
Furthermore, use of LIB as a crucial component in grid energy storage extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, increase in number of research and development initiatives by manufacturers for improvements in Li-ion batteries will further expand the market.
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Regional Analysis/Insights:-
The lithium ion battery market is analysed and market size insights and trends are provided by country, component, load carrying capacity, type, number of wheels, and verticals as referenced above.
The countries covered in the lithium ion battery market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific (APAC) dominates the Lithium Ion Battery market due to the increased penetration of consumer electronics, increased demand for electric vehicles and rising purchasing power parity.
North America and Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increasing investment by the government for the development of the products in these regions.
Strategic Points Covered in Table of Content of Lithium Ion Battery Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Lithium Ion Battery market
Chapter 2: Exclusive Summary - the basic information of the Lithium Ion Battery Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Lithium Ion Battery
Chapter 4: Presenting the Lithium Ion Battery Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region
Chapter 6: Evaluating the leading manufacturers of the Lithium Ion Battery market which consists of its Competitive Landscape & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Click to View the Full Table of Contents, Visit @ https://www.databridgemarketresearch.com/toc/?dbmr=global-lithium-ion-battery-market
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