HOME Top Market Reports Lithium Ion Battery Market by Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt), Power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry, and Geography - Global Forecast to 2022

Lithium Ion Battery Market by Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt), Power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: SE 4967

 

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The increasing demand of energy-efficient, safe, and low-cost batteries is the key factor driving the growth of the lithium ion battery market. The market was valued at USD 23.51 Billion in 2015 and is expected to grow at a CAGR of 16.6% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. The objective of the report is to provide a detailed analysis of the lithium ion battery on the basis of type, power capacity, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the market. The report also provides a detailed overview of the value chain in the market and analyzes the market trends with Porter’s five forces.

The research methodology used to estimate and forecast the market begins with capturing data on revenue of the key vendors through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the lithium ion battery market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure.

Lithium Ion Battery Market

To know about the assumptions considered for the study, download the pdf brochure

The lithium ion battery ecosystem comprises manufacturing of component, manufacturing and assembly of cell, module and pack manufacturing, system designing, and distribution. The players involved in the development of lithium ion battery systems include BYD Co. Ltd. (China), LG Chem Ltd. (South Korea), Panasonic Corporation (Japan), Samsung SDI Co., Ltd. (South Korea), and BAK Group (China), among others, as well as associations such as the International Battery Association and Energy Storage Association.

Key Target Audience

  • Automotive consultants
  • Consumer electronics manufacturers
  • Lithium ion battery distributors and providers
  • Lithium ion battery manufacturing companies
  • Research organizations and consulting companies
  • Smart grid integrators
  • Technology investors
  • Technology standard organizations, forums, alliances, and associations

 “This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

This research report categorizes the lithium ion battery market on the basis of type, power capacity, industry, and geography.

Lithium Ion Battery Market, by Type:

  • Lithium Nickel Manganese Cobalt (LI-NMC)
  • Lithium Iron Phosphate (LFP)
  • Lithium Cobalt Oxide (LCO)
  • Lithium Titanate Oxide (LTO)
  • Lithium Manganese Oxide (LMO)
  • Lithium Nickel Cobalt Aluminium Oxide (NCA)

Lithium Ion Battery Market, by Power Capacity:

  • 0 to 3000mAh
  • 3000mAh to 10000mAh
  • 10000mAh to 60000mAh
  • More than 60000mAh

Lithium Ion Battery Market, by Industry:

  • Aerospace and Defense
  • Automotive
  • Consumer Electronics
  • Industrial
  • Marine
  • Medical
  • Power

Lithium Ion Battery Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
           2.1.2 Secondary Data
                    2.1.2.1 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Primary Interviews With Experts
                    2.1.3.2 Breakdown of Primaries
                    2.1.3.3 Key Data From Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Growth Opportunities for the Lithium Ion Battery Market
    4.2 Lithium Ion Battery, By Type (2016–2022)
    4.3 Lithium Ion Battery, By Industry and Geography (2016)
    4.4 Lithium Ion Battery, By Power Capacity
    4.5 Lithium Ion Battery, By Geography (2016)

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Material Type
           5.2.2 By Type
           5.2.3 By Resources
           5.2.4 By Power Capacity
           5.2.5 By Industry
           5.2.6 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Demand for Electric Vehicle
                    5.3.1.2 Strict Government Mandates on Fuel Economy
                    5.3.1.3 Growing Demand for Smart Devices and Other Consumer Electronics
                    5.3.1.4 Developments Towards Enhancement of Lithium Ion Batteries
           5.3.2 Restraints
                    5.3.2.1 Overheating of Lithium Ion Batteries Poses Security Concerns
                    5.3.2.2 Inadequate Charging Infrastructure
           5.3.3 Opportunities
                    5.3.3.1 Increasing Use of New Technologies in Lithium Ion Batteries
                    5.3.3.2 Declining Prices of Lithium Ion Batteries Increases Its Adoption in New Application Base
           5.3.4 Challenges
                    5.3.4.1 Development of Lithium-Air, Lithium-Sulphur and Sodium Ion Batteries to Act as Substitute for Lithium Ion Batteries

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants

7 Lithium Ion Battery Market, By Material Type (Page No. - 54)
    7.1 Introduction
           7.1.1 Relation Between Material Type for Performance
    7.2 Cathode
    7.3 Anode
    7.4 Electrolytic Solution
    7.5 Others (Foil, Binder, Separators)

8 Lithium Ion Battery Market, By Type (Page No. - 58)
    8.1 Introduction
    8.2 Lithium Nickel Manganese Cobalt (LI-NMC)
    8.3 Lithium Iron Phosphate (LFP)
    8.4 Lithium Cobalt Oxide (LCO)
           8.4.1 Shortcomings of LCO Batteries
    8.5 Lithium Titanate Oxide (LTO)
    8.6 Lithium Manganese Oxide (LMO)
    8.7 Lithium Nickel Cobalt Aluminum Oxide (NCA)

9 Lithium Ion Battery Market, By Resources (Page No. - 74)
    9.1 Introduction
    9.2 Proven Reserves
           9.2.1 Argentina
           9.2.2 Bolivia
           9.2.3 Chile
           9.2.4 Australia
           9.2.5 China
           9.2.6 Others
    9.3 Export & Import of Lithium Ion Batteries
    9.4 Pricing Trend
    9.5 Companies Exploring Lithium

10 Lithium Ion Battery Market, By Power Capacity (Page No. - 79)
     10.1 Introduction
     10.2 0 to 3000mAh
     10.3 3000mAh to 10000mAh
     10.4 10000mAh to 60000mAh
     10.5 More Than 60000mAh

11 Lithium Ion Battery Market, By Industry (Page No. - 87)
     11.1 Introduction
     11.2 Consumer Electronics
             11.2.1 Smartphones
                        11.2.1.1 New Innovations in Lithium Ion Batteries
             11.2.2 UPS
                        11.2.2.1 Low Maintenance Cost and High Thermal Handling Capability of Lithium Ion Battery for UPS
             11.2.3 Laptops
                        11.2.3.1 New R&D in Lithium Ion Batteries for Laptops
             11.2.4 Others (Games , Gardening Tools and Drilling)
     11.3 Automotive
             11.3.1 Battery Electric Vehicles
             11.3.2 Plug-In Hybrid Electric Vehicles
     11.4 Aerospace and Defense
             11.4.1 Commercial Aircrafts
             11.4.2 Defense
     11.5 Marine
             11.5.1 Commercial
             11.5.2 Tourism
             11.5.3 Defense
     11.6 Medical
             11.6.1 Use of Lithium in Small Medical Devices
             11.6.2 Implementation of Lithium Ion Batteries in New Technological Medical Devices
     11.7 Industrial
             11.7.1 Construction Equipment
             11.7.2 Mining Equipment
     11.8 Power

12 Geographic Analysis (Page No. - 116)
     12.1 Introduction
     12.2 North America
             12.2.1 Increasing Events and Conferences Support the Adoption of Lithium Ion Batteries in the North America
             12.2.2 U.S.
                        12.2.2.1 Government Initiatives and Private Sector Developments
             12.2.3 Canada
                        12.2.3.1 Climate Change Initiative in Canada
             12.2.4 Mexico
                        12.2.4.1 Development By Leading Players of Li-Ion Batteries Market in Mexico
     12.3 Europe
             12.3.1 U.K.
                        12.3.1.1 Energy Storage Issues Tackled By Government Using Li-Ion Batteries
             12.3.2 Germany
                        12.3.2.1 Research and Development By Private Sector and Research Institutes in Germany Driving the Li-Ion Battery Market
             12.3.3 The Netherlands
                        12.3.3.1 Stringent Decisions Taken By the Dutch Government Helping the Li-Ion Battery Market
             12.3.4 Norway
             12.3.5 Rest of Europe
     12.4 APAC
             12.4.1 Increasing Events and Exhibition Boosts the Adoption of Lithium Ion Batteries in Various Applications
             12.4.2 China
                        12.4.2.1 Growth of Electric Vehicle Market to Drive the Market
             12.4.3 Japan
                        12.4.3.1 Exhibitions in Japan Supporting the Growth of Lithium Ion Batteries
                        12.4.3.2 Japan Booming Market of Electric Vehicles Drives the Li-Ion Market
             12.4.4 India
                        12.4.4.1 The National Electric Mobility Mission Plan 2020 Initiative of Department of Heavy Industry
             12.4.5 Rest of APAC
                        12.4.5.1 Plans By South Korean Government to Drive Li-Ion Battery Market
     12.5 Rest of the World
             12.5.1 Middle East
                        12.5.1.1 Promoting the Growth of Saudi Arabia’s Home of Innovation Facility
             12.5.2 Africa
             12.5.3 South America

13 Competitive Landscape (Page No. - 147)
     13.1 Overview
     13.2 Market Ranking Analysis
     13.3 Competitive Situation and Trends
             13.3.1 Partnerships, Agreements, Collaborations, and Contracts
             13.3.2 New Product Launches and Developments
             13.3.3 Acquisitions and Expansions

14 Company Profiles (Page No. - 153)
     14.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     14.2 BAK Group
     14.3 BYD Company Ltd.
     14.4 LG Chem, Ltd.
     14.5 Panasonic Corporation
     14.6 Samsung SDI Co., Ltd.
     14.7 GS Yuasa Corporation
     14.8 Hitachi Ltd.
     14.9 Johnson Controls Inc.
     14.10 Saft Groupe SA
     14.11 Toshiba Corporation
     14.12 A123 Systems, LLC.
     14.13 Valence Technology, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 182)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details


List of Tables (78 Tables)

Table 1 List of Major Secondary Sources
Table 2 Assumptions for the Research Study
Table 3 Lithium Ion Battery, By Material Type
Table 4 Lithium Ion Battery, By Type
Table 5 Lithium Ion Battery, By Resources
Table 6 Lithium Ion Battery, By Power Capacity
Table 7 Lithium Ion Battery, By Industry
Table 8 BEV and PHEV Market, 2010–2015 (Thousand Units)
Table 9 Lithium Ion Battery Market, By Type, 2013–2022 (USD Billion)
Table 10 Lithium Ion Market of Lithium Nickel Manganese Cobalt (Li-NMC), By Region, 2013–2022 (USD Billion)
Table 11 Lithium Ion Market of Lithium Nickel Manganese Cobalt (Li-NMC), By Industry, 2013–2022 (USD Billion)
Table 12 Lithium Ion Market of Lithium Iron Phosphate, By Region, 2013–2022 (USD Billion)
Table 13 Lithium Ion Market of Lithium Iron Phosphate, By Industry, 2013–2022 (USD Billion)
Table 14 Lithium Ion Battery of Lithium Cobalt Oxide, By Region, 2013–2022 (USD Billion)
Table 15 Lithium Ion Battery of Lithium Cobalt Oxide, By Industry, 2013–2022 (USD Billion)
Table 16 Lithium Ion Battery of Lithium Titanate Oxide, By Region, 2013–2022 (USD Billion)
Table 17 Lithium Ion Battery of Lithium Titanate Oxide, By Industry, 2013–2022 (USD Billion)
Table 18 Lithium Ion Battery of Lithium Manganese Oxide, By Region, 2013–2022 (USD Billion)
Table 19 Lithium Ion Battery of Lithium Manganese Oxide, By Industry, 2013–2022 (USD Billion)
Table 20 Lithium Ion Battery of Lithium Nickel Cobalt Aluminum Oxide, By Region, 2013–2022 (USD Billion)
Table 21 Lithium Ion Battery of Lithium Nickel Cobalt Aluminum Oxide, By Industry, 2013–2022 (USD Billion)
Table 22 Lithium Ion Battery Market, By Power Capacity, 2013–2022 (USD Billion)
Table 23 Lithium Ion Battery in 0 to 3000mAh Power Capacity , By Industry, 2013–2022 (USD Billion)
Table 24 Lithium Ion Battery in 3000mAh to 10000mAh Power Capacity, By Industry, 2013–2022 (USD Billion)
Table 25 Lithium Ion Battery in 10000mAh to 60000mAh Power Capacity, By Industry, 2013–2022 (USD Billion)
Table 26 Lithium Ion Battery in More Than 60000mAh Power Capacity, By Industry, 2013–2022 (USD Billion)
Table 27 Lithium Ion Battery Market, By Industry, 2013-2022 (USD Billion)
Table 28 Market of Consumer Electronics, By Type, 2013-2022 (USD Billion)
Table 29 Market of Consumer Electronics, By Region, 2013-2022 (USD Billion)
Table 30 Market of Consumer Electronics, By Power Capacity, 2013-2022 (USD Billion)
Table 31 Battery Market for Automotive Industry, 2013-2022
Table 32 Lithium Ion Battery of Automotive, By Type, 2013-2022 (USD Billion)
Table 33 Lithium Ion Battery of Automotive, By Region, 2013-2022 (USD Billion)
Table 34 Lithium Ion Battery of Automotive, By Power Capacity, 2013-2022 (USD Billion)
Table 35 Lithium Ion Battery of Aerospace and Defense, By Type, 2013-2022 (USD Million)
Table 36 Lithium Ion Battery Market of Aerospace and Defense, By Region, 2013-2022 (USD Billion)
Table 37 Lithium Ion Battery of Aerospace and Defense, By Power Capacity, 2013-2022 (USD Billion)
Table 38 Lithium Ion Battery Market of Marine, By Type, 2013-2022 (USD Million)
Table 39 Lithium Ion Battery of Marine, By Region, 2013-2022 (USD Million)
Table 40 Lithium Ion Battery of Marine, By Power Capacity, 2013-2022 (USD Million)
Table 41 Lithium Ion Battery Market of Medical, By Type, 2013-2022 (USD Million)
Table 42 Lithium Ion Battery of Medical, By Region, 2013-2022 (USD Million)
Table 43 Lithium Ion Battery of Medical, By Power Capacity, 2013-2022 (USD Billion)
Table 44 Lithium Ion Battery Market of Industrial, By Type, 2013-2022 (USD Million)
Table 45 Lithium Ion Battery of Industrial, By Region, 2013-2022 (USD Billion)
Table 46 Lithium Ion Battery of Industrial, By Power Capacity, 2013-2022 (USD Billion)
Table 47 Lithium Ion Battery Market of Power, By Type, 2013-2022 (USD Million)
Table 48 Lithium Ion Battery of Power, By Region, 2013-2022 (USD Billion)
Table 49 Lithium Ion Battery of Power Industry, By Power Capacity, 2013-2022 (USD Billion)
Table 50 Lithium Ion Battery Market, By Region, 2013–2022 (USD Billion)
Table 51 Market in North America, By Country, 2013–2022 (USD Billion)
Table 52 Market in North America, By Industry, 2013–2022 (USD Million)
Table 53 Market in North America, By Type, 2013–2022 (USD Billion)
Table 54 Market in U.S., By Industry, 2013–2022 (USD Million)
Table 55 Market in Canada, By Industry, 2013–2022 (USD Million)
Table 56 Market in Mexico, By Industry, 2013–2022 (USD Million)
Table 57 Market in Europe, By Country, 2013–2022 (USD Billion)
Table 58 Market in Europe, By Industry, 2013–2022 (USD Billion)
Table 59 Market in Europe, By Type, 2013–2022 (USD Billion)
Table 60 Market in U.K., By Industry, 2013–2022 (USD Million)
Table 61 Market in Germany, By Industry, 2013–2022 (USD Million)
Table 62 Market in the Netherlands, By Industry, 2013–2022 (USD Million)
Table 63 Market in Norway, By Industry, 2013–2022 (USD Million)
Table 64 Market in Rest of Europe, By Industry, 2013–2022 (USD Million)
Table 65 Lithium Ion Battery Market in APAC, By Country, 2013–2022 (USD Billion)
Table 66 Market in APAC, By Type, 2013–2022 (USD Billion)
Table 67 Market in APAC, By Industry, 2013–2022 (USD Billion)
Table 68 Market in China, By Industry, 2013–2022 (USD Million)
Table 69 Market in Japan, By Industry, 2013–2022 (USD Million)
Table 70 Market in India, By Industry, 2013–2022 (USD Million)
Table 71 Market in Rest of APAC, By Industry, 2013–2022 (USD Million)
Table 72 Market in RoW, By Region, 2013–2022 (USD Billion)
Table 73 Market in RoW, By Type, 2013–2022 (USD Million)
Table 74 Market in RoW, By Industry, 2013–2022 (USD Million)
Table 75 Ranking of the Key Players in the Lithium Ion Battery Market, 2015
Table 76 Partnerships, Agreements, Collaborations, and Contracts, 2015–2016
Table 77 New Product Launches and Developments, 2015–2016
Table 78 Acquisitions and Expansions, 2015–2016


List of Figures (95 Figures)

Figure 1 Lithium Ion Battery Market Segmentation
Figure 2 Lithium Ion Battery Market: Research Design
Figure 3 Lithium Ion Battery Market: Bottom-Up Approach
Figure 4 Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market Segmentation
Figure 7 Market, 2013–2022
Figure 8 Lithium Nickel Manganese Cobalt is Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Battery Market, By Industry (2016 vs 2020): Automotive Industry is Expected to Account for the Largest Share During the Forecast Period
Figure 10 Market, By Geography, 2015
Figure 11 Battery Market Expected to Have Huge Growth Opportunities in APAC
Figure 12 Market for Lithium Nickel Manganese Cobalt is Expected to Grow at the Highest CAGR
Figure 13 Consumer Electronics Industry Expected to Hold the Largest Share of the Market in 2016
Figure 14 10000 mAh-60000 mAh Power Capacity Batteries are Expected to Account for the Largest Share of the Market During the Forecast Period
Figure 15 China Expected to Hold the Largest Share of the Market in 2016
Figure 16 Lithium Ion Battery Market, By Geography
Figure 17 Increase in Demand for Electric Vehicles Expected to Drive the Market
Figure 18 Lithium Ion Batteries is Majorly Used in Different Types of Industries
Figure 19 Value Chain Analysis: Maximum Value Added During the Manufacturing and Assembly Stage
Figure 20 Market: Porter’s Five Forces Analysis, 2016
Figure 21 Bargaining Power of Buyers Expected to Have A High Impact
Figure 22 Impact of Intensity of Competitive Rivalry on the Battery Market in 2016
Figure 23 Impact of Threat of Substitutes on the Battery Market
Figure 24 Impact of Bargaining Power of Buyers on the Battery Market
Figure 25 Impact of Bargaining Power of Suppliers on the Market
Figure 26 Impact of Threat of New Entrants on the Market
Figure 27 Materials of A Cell
Figure 28 Material Cost Breakdown of an Average Model Battery Type
Figure 29 Types of Lithium Ion Batteries Based on Materials Used
Figure 30 Lithium Cobalt Oxide Type Battery Holds the Highest Market Share of the Lithium Ion Battery Market
Figure 31 NMC Batteries Have A High Energy Density
Figure 32 APAC Region to Hold the Largest Market for Lithium Iron Phosphate Batteries By 2022
Figure 33 High Power Density and Stability Boosts the Adoption of LFP Batteries
Figure 34 High Energy Density Increases the Demand of LCO Batteries
Figure 35 Lithium Titanate Oxide Type Market is Expected to Grow at A Highest CAGR in APAC Region
Figure 36 High Stability, Energy and Power Density Expected to Create Demand for LTO Batteries
Figure 37 Cost Factor Boosts the Growth of the LMO Batteries
Figure 38 High Energy Density of NCA Batteries Increases Its Demand in Automotive Industry
Figure 39 Global End-User Market for Lithium in 2015
Figure 40 Major Lithium Reserves in the World
Figure 41 Export Values of Top 5 Countries in USD Billions (2011-2015)
Figure 42 Export Trend of China USD Billions (2011-2015)
Figure 43 Lithium Price in USD Per Metric Ton (2010-2016)
Figure 44 Top Players in Lithium Suppliers Market in 2015
Figure 45 10000mAh To60000mAh Power Capacity to Exhibit High Growth in the Market for Lithium Ion Battery Market During the Forecast Period
Figure 46 Consumer Electronics Industry to Hold the Largest Market Size in 0 to 3000mAh Power Capacity Market By 2022
Figure 47 Market of 3000mAh to 10000mAh Power Capacity in Consumer Electronics Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 48 Market for Automotive in 10000mAh to 60000mAh Power Capacity Expected to Grow at the Highest Rate During the Forecast Period
Figure 49 Automotive Industry Expected to Hold the Largest Market Size for More Than 60000mAh Power Capacity By 2022
Figure 50 Market Segmentation, By Industry
Figure 51 Automotive Industry is Expected to Have the Highest CAGR During the Forecast Period
Figure 52 Comparison of Batteries With Respect to Characteristic
Figure 53 APAC Region Holds A Major Share of Consumer Electronics in Lithium Ion Battery Market By 2016
Figure 54 3000mAh to 10000mAh Power Capacity is Expected to Have the Highest CAGR Between 2016 and 2022
Figure 55 Sales of BEV and PHEV in U.S.
Figure 56 APAC is Expected to Exhibit High Growth in Automotive Industry By 2022
Figure 57 Lithium Ion Battery Configurations Across Auto Applications
Figure 58 Lithium Nickel Manganese Cobalt to Hold A Major Market Share By 2022
Figure 59 10000mAh to 60000mAh Power Capacity Battery is Expected to Exhibit High Growth in Aerospace and Defense Industry, By 2022
Figure 60 Lithium Iron Phosphate to Hold A Major Market Share in Marine Industry By 2022
Figure 61 More Than 60000mAh Power Capacity Likely to Drive the Market in Marine Industry By 2022
Figure 62 APAC Expected to Hold A Major Share of Lithium Ion Battery for the Medical Industry in 2016
Figure 63 Lithium Nickel Manganese Cobalt to Exhibit the Highest Growth Rate for Industrial Applications By 2022
Figure 64 Lithium Nickel Manganese Cobalt Battery Type for Power Industry is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 65 More Than 60000 mAh Power Capacity Battery Expected to Lead the Market for Power Industry, By 2022
Figure 66 Market, By Geography
Figure 67 Geographic Snapshot: Global Lithium Ion Battery
Figure 68 APAC to Hold the Largest Market Size of Market By 2022
Figure 69 Snapshot: Market in North America
Figure 70 Automotive Industry to Hold the Largest Market Size in North America By 2022
Figure 71 Market for Lithium Nickel Manganese Cobalt in North America Expected to Hold Largest Share During the Forecast Period
Figure 72 Lithium Ion Battery in U.K. Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 73 Lithium Nickel Manganese Cobalt Type to Hold the Largest Size of the Lithium Ion Battery Market During the Forecast Period
Figure 74 Europe's Top Selling Electric Cars in 2015
Figure 75 Snapshot: Lithium Ion Battery Market in APAC
Figure 76 Consumer Electronics Industry in APAC Expected to Lead the Market By 2022
Figure 77 Middle East & Africa Expected to Hold the Largest Market Size of the Lithium Ion Battery Market in RoW By 2022
Figure 78 Key Developments Witnessed in the Lithium Ion Battery Market, 2015–2016
Figure 79 Battle for Market Share: Partnerships, Agreements, Collaborations, and Contracts Were the Key Strategies Adopted By Market Players Between 2015 and 2016
Figure 80 Market Evolution Framework: Agreements, Partnerships, Collaborations, and Contracts Fuelled the Growth of the Lithium Ion Battery Market
Figure 81 Geographic Revenue Mix of the Top 4 Market Players (2015)
Figure 82 BAK Group: SWOT Analysis
Figure 83 BYD Company Ltd: Company Snapshot
Figure 84 BYD Company Ltd.: SWOT Analysis
Figure 85 LG Chem, Ltd.: Company Snapshot
Figure 86 LG Chem, Ltd.: SWOT Analysis
Figure 87 Panasonic Corporation: Company Snapshot
Figure 88 Panasonic Corporation: SWOT Analysis
Figure 89 Samsung SDI Co., Ltd.: Company Snapshot
Figure 90 Samsung SDI Co., Ltd.: SWOT Analysis
Figure 91 GS Yuasa Corporation: Company Snapshot
Figure 92 Hitachi Ltd.: Company Snapshot
Figure 93 Johnson Controls Inc.: Company Snapshot
Figure 94 Saft Groupe SA: Company Snapshot
Figure 95 Toshiba Corporation: Company Snapshot

The lithium ion battery market is expected to be valued at USD 68.97 Billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022. The growth of this market is propelled by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries.

Lithium cobalt oxide (LCO) battery type is expected to hold the largest share of the overall lithium ion battery market in 2016. The energy density of any LCO battery is very high, and the cost of manufacturing these batteries is fairly reasonable owing to the use of graphite carbon and cobalt. The market for lithium nickel manganese cobalt battery type is expected to grow at the highest rate between 2016 and 2022. The combination of nickel and manganese gives the required accuracy and effectiveness. Separately, both of them are not very effective as nickel has high energy density but poor stability and manganese forms a spinel structure achieving low internal resistance but has a low energy density.

The 0 to 3000mAh power capacity batteries accounted for the largest share of the lithium ion battery market segmented on the basis of power capacity. There is huge range of applications that are powered by batteries within the capacity of 3,000mAh. These include DVD players, portable CD players, digital cameras, smartphones, camcorders, wearable devices, power tools, power banks, toys, bluetooth, GPS, blackbox, tablet, and various other consumer electronics. These batteries can also be assembled together in a module format for applications requiring higher capacity. The market for 10000mAh to 60000mAh power capacity batteries is expected to grow at the highest rate during the forecast period. The lithium ion batteries having capacity between 10000mAh to 60000mAh are used in industries where high power capacity is required. These applications include electric vehicles, material handling equipment, marine industry applications, robots, industrial applications, telecommunication systems, energy storage system (ESS) platforms, military applications, and GEO, LEO, and MEO satellites.

The consumer electronics industry is expected to dominate the market during the forecast period. For better performance and higher reliability, the consumer electronics products are highly dependent on portable power source. Lithium ion batteries are a preferred choice for consumer electronics products as a portable power source because of the features of high energy density and less recharge time. The market for the automotive industry is expected to grow at the highest rate. The implementation of lithium ion batteries in automotive sector for plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV) helps to improve the efficiency and reduce the maintenance cost of the vehicle. There is increasing competition among the battery models installed in electric vehicles owing to the need for operational excellence.

Lithium Ion Battery Market

APAC held the largest share of the overall lithium ion battery market and the market for the same is expected to grow at the highest rate during the forecast period. Continuous development in consumer and automotive sector has led to increased application of lithium ion batteries in APAC. The products of these industries require high power capacity with safety and low rate of pollution. Lithium ion batteries are capable to fulfill these requirements of consumer and automotive industries. This makes them one of the highly adopted batteries in recent products.

One of the key restraining factors for the lithium ion battery market are overheating of lithium ion batteries which poses security concerns and inadequate charging infrastructure. The key market players such as LG Chem Ltd. (South Korea) and Panasonic Corporation (Japan) are focusing on the strategies such as contracts, agreements, and partnerships to enhance their geographical presence and expand their business.

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