• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Lithium Ion Battery Market | Covid-19 Impact Analysis

    Lithium Ion Battery Market | Covid-19 Impact Analysis

    Lithium Ion Battery Market | Covid-19 Impact Analysis
    Report code - SRCG167 Delivery - 2 Weeks
    Lithium-Ion Battery Market Size, Share, Trend, Forecast, & Industry Analysis – 2 See more...
    Purchase Report
    notch

    Impact of COVID-19 on Lithium Ion Battery Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Lithium Ion Battery Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Lithium-Ion Battery Market Insights

    Lithium-ion battery market is likely to witness an impressive CAGR of 16.1% during the forecast period. The major demand for lithium-ion batteries is mainly driven by the increasing demand for consumer electronic products, which is bolstering the growth of the market.  

    Lithium-Ion Battery Market – Snapshot

    Growth

    16.1% for the next five years

    Major Material  Type

    Lithium Nickel Manganese Cobalt Oxide

    Dominant Voltage Type

    High (Above 36V)

    Key Power Capacity Type

    3,000 to 10,000 MAH

    Major Industry Type

    Automotive

    Region with the highest demand

    North America

    Key Players

    BYD Company, LG Chem, Panasonic Corporation, Samsung SDI, BAK Group, GS Yuasa Corporation, Hitachi, Johnson Controls, Toshiba Corporation, AND Lithium Werks.

     

    Market Share Analysis

    Lithium-Ion-Battery-Market-Dominant-Segments

    Wish to Get a Free Sample? Register Here

    Lithium-Ion Battery Market Share: By Material Type

    Based on the material type, the market is segmented as lithium nickel manganese cobalt oxide, lithium iron phosphate, lithium cobalt oxide, lithium titanate oxide, lithium manganese oxide, and lithium nickel cobalt aluminum oxide. The lithium nickel manganese cobalt oxide segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The higher share of the segment is attributed to the growing demand for lithium nickel manganese cobalt oxide used in batteries of mobile phones, laptops, automotive, tablets, power tools, and electrical storage systems.

    Lithium-Ion Battery Market Share: By Voltage Type

    Based on the voltage type, the market is segmented as low (below 12V); medium (12-36V); and high (above 36V). The high (above 36V) segment is estimated to remain the largest segment over the forecast period, owing to properties such as longer life and safety. Also, the largest contribution is attributed to the rising requirement for this voltage type in marine, electric vehicles, military, power, telecom, etc.

    Lithium-Ion Battery Market Share: By Power Capacity Type

    Based on the power capacity type, the market is segmented as 0 to 3,000 MAH; 3,000 to 10,000 MAH; 10,000 to 60,000 MAH; and above 60,000 MAH. The 3,000 to 10,000 MAH segment contributed for the highest share in 2019, owing to growing need for batteries with higher power capacity that can keep the device running for long hours. The segment is expected to maintain its dominance during the forecast period as well.

    Lithium-Ion Battery Market Share: By Industry Type

    Based on the industry type, the market is segmented as consumer electronics, automotive, aerospace & defense, marine, medical, industrial, power, and telecommunication. The automotive segment is likely to remain the largest segment during the forecast period driven by the growing adoption of electric vehicles.

    Lithium-Ion Battery Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest market for lithium-ion batteries during the forecast period. The Asia-Pacific’s market is expected to expand with a lucrative CAGR owing to the well-established consumer electronics market in the region, especially in China. Further, the demand from the automotive industry in the region will also augment the regional growth. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

    Lithium-Ion-Battery-Market-By-Region

    Know which region offers best growth opportunities. Register Here

    Some of the major players in the lithium-ion battery market are-

    • BYD Company
    • LG Chem
    • Panasonic Corporation
    • Samsung SDI
    • BAK Group
    • GS Yuasa Corporation
    • Hitachi
    • Johnson Controls
    • Toshiba Corporation
    • Lithium Werks

     

    Market Scope & Segmentation

    A lithium-ion battery is abbreviated as LIB. It is a type of rechargeable battery. Such batteries have utility in portable electronics and electric vehicles. They have a growing demand as they are used in plug-in devices.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market

    Lithium-Ion Battery Market Research Report – Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The lithium-ion battery market is segmented into the following categories. 

    Lithium-Ion Battery Market Size, Share, & Forecast, by Material Type:

    • Lithium Nickel Manganese Cobalt Oxide  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lithium Iron Phosphate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lithium Cobalt Oxide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lithium Titanate Oxide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lithium Manganese Oxide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lithium Nickel Cobalt Aluminum Oxide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Lithium-Ion Battery Market Size, Share, & Forecast, by Voltage Type:

    • Low (Below 12V) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium (12V – 36V) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • High (Above 36V) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Lithium-Ion Battery Market Size, Share, & Forecast, by Power Capacity Type:

    • 0 TO 3,000 MAH (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 3,000 TO 10,000 MAH (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 10,000 TO 60,000 MAH (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Above 60,000 MAH (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Lithium-Ion Battery Market Size, Share, & Forecast, by Product Type:

    • Cell (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Battery Pack (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Lithium-Ion Battery Market Size, Share, & Forecast, by Industry Type:

    • Consumer Electronics
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Industry Type Analysis: Smart Phones, Laptops, UPS, and Others)
    • Automotive
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Industry Type Analysis: Battery Electric Vehicles and Plug-in Hybrid Electric Vehicles)
    • Aerospace & Defense
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Industry Type Analysis: Commercial Aircraft and Defense)
    • Marine
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Industry Type Analysis: Commercial, Tourism, and Defense)
    • Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Industry Type Analysis: Mining Equipment, Construction Equipment, Forklifts, Automated Guided Vehicles (AGV), and Automated Mobile ROBOTS (AMR))
    • Power (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Telecommunication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Lithium-Ion Battery Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by voltage type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Lithium Ion Battery Market in the foreseeable future?

    The lithium ion battery market is expected to witness an impressive growth of 16.1% CAGR in the foreseeable future.

    Who are the key players in the Lithium Ion Battery Market?

    BYD Company, LG Chem, Panasonic Corporation, Samsung SDI, BAK Group, GS Yuasa Corporation, Hitachi, Johnson Controls, Toshiba Corporation, and Lithium Werks are among the key players in the Lithium Ion Battery Market.

    Which country/region is expected to be the largest Lithium Ion battery Market?

    Asia-Pacific is expected to be the largest lithium ion battery market during the next five years.

    Which material type is expected to remain dominant in the Lithium Ion Battery Market?

    The lithium nickel manganese cobalt oxide segment is expected to remain dominant material type in the Lithium Ion Battery Market.

    •   
    FREE SAMPLE