Description
A recent market intelligence report that is published by Data Insights Partner on Lithium-Ion Battery Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Lithium-Ion Battery Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Lithium-Ion Battery Market is offered.
Market Insights:
In accordance with the report, the Lithium-Ion Battery Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Lithium-Ion Battery Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. The explosion in demand for smartphones and other electronics devices, as well as the rise in electric cars, are some of the primary reasons driving the global lithium-ion battery market. The implementation of strict government measures to reduce rising pollution levels is projected to boost market growth even further. During the forecast period, the growing global focus on reducing carbon emissions from fossil fuel-powered vehicles, as well as policy efforts to encourage the adoption of electric vehicles, would positively contribute to the growth of the lithium ion battery market. Expansion of off-grid installations in the United States, India, China, and Germany, as well as increased acceptance of Li-ion batteries in medical equipment, are likely to boost the lithium-ion battery market over the forecast period. The increasing demand and growing awareness about the aids of battery-operated vehicles and increasing fossil fuel prices, particularly in the emerging Asia Pacific, Europe, and North American regions, are projected to favor the growth of the application segment. In addition, governments in several countries in the area have been stepping up their efforts to create a secure, cheap, and long-term future for electric vehicles, including initiatives to encourage investment in manufacturing plants and supporting infrastructure. This in turn is expected to boost the market demand during the forecast period. Demand for various types of batteries in energy storage, consumer electronics, and electric cars, such as lithium-air, flow batteries, sodium nickel chloride, and lead-acid batteries, is expected to restrain the market throughout the forecast period. The global lithium-ion battery market is likely to be dominated by the Asia-Pacific region. Lithium-ion batteries are predicted to increase significantly in the region due to the increasing use of electric vehicles in countries such as China, India, and Japan, as well as the demand for high-quality rechargeable battery technologies as a result of urbanisation and rising power purchase parity. In order to improve India’s manufacturing capacity and increase exports, the government of India announced the Production-Linked Incentive (PLI) Scheme in the automobile and auto component sectors in 2020. The programme assists enterprises in starting local lithium-ion cell manufacturing within the next few years. Ola Electric announced plans to build a cell production unit to power its lithium-ion (Li-ion) battery in March 2021. The battery manufacturing plant will be built in a new integrated complex near Bengaluru, India, which will also produce the e-scooter. Despite the lack of a big number of competitors, the industry is fiercely competitive, considering the performance requirements demanded by clients.
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Research Methodology:
To compile the detailed study of the global Lithium-Ion Battery Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Lithium-Ion Battery Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Lithium-Ion Battery Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Lithium-Ion Battery Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segment Covered:
Lithium-Ion Battery Market report has been segmented by battery type, voltage, product type, operation and end use industry also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Key Segments:
Lithium-Ion Battery Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Lithium-Ion Battery Market, By Battery Type, 2022-2031 (USD Million & Mn Units)
Lithium cobalt oxide (LCO)
Lithium iron phosphate (LFP)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Manganese Oxide (LMO)
Lithium Titanate
Lithium Nickel Manganese Cobalt
Lithium-Ion Battery Market, By Product Type, 2022-2031 (USD Million & Mn Units)
Single Cell
Battery Pack/Module
Lithium-Ion Battery Market, By Voltage, 2022-2031 (USD Million & Mn Units)
Less than 4.5V
4.6V to 12V
13V to 18V
19V to 24V
25V to 36V
37V to 48V
Above 48V
Lithium-Ion Battery Market, By Operation, 2022-2031 (USD Million & Mn Units)
Rechargeable
Non-rechargeable
Lithium-Ion Battery Market, By Industry, 2022-2031 (USD Million & Mn Units)
Electric Vehicles
E-Bikes
Electric Scooters
Energy Storage Systems
Aerospace & Aviation Systems
Railway Systems
Marine Systems
Industrial Vehicles & Equipment
Consumer Electronics
Battery-operated Power Tools
Others
Report Highlights:
The prime objective of the Lithium-Ion Battery Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Lithium-Ion Battery Market, By Region, 2022-2031 (USD Million)
North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)
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Companies Profiled:
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Lithium-Ion Battery Market:
ASPILSAN Energy
BAK Group
Bestgo Power Co., Ltd.
BYD Company Ltd
CATL
Clayton Power
Enerdel, Inc.
Enersys
excell
Future Hi-Tech Batteries
KAYO Battery (Shenzhen) Company Limited
Kokam
LG Chem
Nexeon Limited
padre
Panasonic Corporation
Saft Groupe S.A.
SAMSUNG SDI CO.LTD.
Triathlon Batteries Solutions, Inc.
TWS
Ultralife Corporation
Others
Lithium-Ion Battery Market Report Highlights:
Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.
Recent advancements and technological trends in the industry
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