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Lithium Ion Battery Market | Covid-19 Impact Analysis
The Lithium-Ion Battery Market is segmented by Material Type (Lithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Titanate Oxide, Lithium Manganese Oxide, and Lithium Nickel Cobalt Aluminum Oxide), by Product Type (Cell, Battery Pack), by Voltage Type (Low (Below 12V); Medium (12-36V); and High (Above 36V)), by Power Capacity Type (0 to 3,000 MAH; 3,000 to 10,000 MAH; 10,000 to 60,000 MAH; and Above 60,000 MAH), by Industry Type (Consumer Electronics, Automotive, Aerospace & Defense, Marine, Medical, Industrial, Power, and Telecommunication), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
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 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.
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Lithium-Ion Battery Market – Snapshot |
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Growth |
16.1% for the next five years |
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Major Material Type |
Lithium Nickel Manganese Cobalt Oxide |
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Dominant Voltage Type |
High (Above 36V) |
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Key Power Capacity Type |
3,000 to 10,000 MAH |
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Major Industry Type |
Automotive |
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Region with the highest demand |
North America |
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Key Players |
BYD Company, LG Chem, Panasonic Corporation, Samsung SDI, BAK Group, GS Yuasa Corporation, Hitachi, Johnson Controls, Toshiba Corporation, AND Lithium Werks. |
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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.
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.
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.
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.
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.
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Some of the major players in the lithium-ion battery market are-
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
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Lithium-Ion Battery Market Research Report – Features |
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Market Segmentation |
6 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The lithium-ion battery market is segmented into the following categories.
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
The lithium ion battery market is expected to witness an impressive growth of 16.1% CAGR in the foreseeable future.
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.
Asia-Pacific is expected to be the largest lithium ion battery market during the next five years.
The lithium nickel manganese cobalt oxide segment is expected to remain dominant material type in the Lithium Ion Battery Market.
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