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

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 lithium ion battery 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 market on the basis of type, power capacity, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the lithium ion battery market. The report also provides a detailed overview of the value chain in the lithium ion battery market and analyzes the market trends with Porter’s five forces.

The objectives of the report are as follows:

• To define and segment the global lithium ion battery market
• To provide detailed information regarding the major factors influencing the growth of the global market of lithium ion battery (drivers, restraints, opportunities, and challenges)
• To analyze and forecast the market size of lithium ion battery, in terms of volume and value
• To analyze the market segmentation and project the market size, in terms of volume and value, and for key regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa
• To analyze the competitive developments such as new product launches, capacity expansions, mergers & acquisitions, and partnerships & agreements, in the global lithium ion battery market
• To strategically profile the key players in the global lithium ion battery market

Research Methodology

The research methodology used to estimate and forecast the lithium ion battery 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.

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:

Geographical Analysis:

Country-level analysis of the global lithium ion battery market

Company Information:

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

Growing demand for EVs and government mandates on fuel economy to drive the global lithium ion battery demand by 2022

The automobile vertical is actively shifting toward the use of sustainable clean fuels. There is huge dependence on oil as a fuel in the transportation system of which almost 70% is being used in transport vehicles. This dependency has led to the rising concern among both environmentalists and economists. Increasing awareness about environmental concerns among people has led to the adoption of EVs. The widespread use of BEVs and PHEVs has inevitably led to the rising adoption of Li-Ion batteries.

The number of automobile companies involved in developing new and improved EVs has increased. Benefits such as energy saving, reduction in pollution, and adoption among consumers boost the market for EVs. For example, Tesla Motors, Inc. (US), a leading manufacturer, is fully involved in the production of high-power EVs, such as Model X and Model 3. Companies such as General Motors Company (US), Toyota Motor Corporation (US), Ford Motor Company (US), Nissan Motor Company (Japan), and Jaguar Land Rover Limited (UK), among others, are also producing EVs.

The federal regulations of the US government prescribe the mandates on average fuel consumption for each automobile manufactured, which is to hit the mark of 18 kilometers per liter by 2020 and 23 kilometers per liter by 2025. Increasing pollution has affected major cities in the world. For example, the recent crisis faced by Delhi, India, due to the rising pollution has raised concerns, leading to various efforts being made by the government as well as NGOs. These efforts are driving the banning of combustion-driven cars by 2025.

Market Dynamics

• Market Dynamics
  • Increasing demand for EVs
  • Government mandates on fuel economy
  • Growing demand for smart devices and other consumer electronic products
  • Developments toward enhancement of lithium ion batteries
• Restraints
  • Security concerns due to overheating of lithium ion batteries
  • Inadequate charging infrastructure
• Opportunities
  • Increasing adoption of new technologies in lithium ion batteries
  • Declining prices leads to adoption of lithium ion batteries in new application areas
• Challenges
  • Development of lithium-air, lithium–sulfur, and sodium-ion batteries to act as substitutes for lithium ion batteries

Cricitcal Auestions

• The lithium ion battery industry is going through problem of overheating of batteries, when will this scenario ease out?
• Most of the suppliers have opted agreement, partnership and collaboration as the key strategies as could be seen from the recent developments. Where will it take the industry in the mid to long term?
• Which are the substitute products and how big is the threat from them?

Table of Contents

1 Introduction (Page No. - 18)
    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. - 21)
    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. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities for the Lithium Ion Battery Market
    4.2 Market, By Type (2016–2022)
    4.3 Market, By Vertical and Geography (2016)
    4.4 Market, By Power Capacity
    4.5 Market, By Geography (2016)

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for EVS
                    5.2.1.2 Government Mandates on Fuel Economy
                    5.2.1.3 Growing Demand for Smart Devices and Other Consumer Electronic Products
                    5.2.1.4 Developments Toward Enhancement of Lithium Ion Batteries
           5.2.2 Restraints
                    5.2.2.1 Security Concerns Due to Overheating of Lithium Ion Batteries
                    5.2.2.2 Inadequate Charging Infrastructure
           5.2.3 Opportunities
                    5.2.3.1 Increasing Adoption of New Technologies in Lithium Ion Batteries
                    5.2.3.2 Declining Prices Leads to Adoption of Lithium Ion Batteries in New Application Areas
           5.2.4 Challenges
                    5.2.4.1 Development of Lithium-Air, Lithium–Sulfur, and Sodium-Ion Batteries to Act as Substitutes for Lithium Ion Batteries

6 Industry Trends (Page No. - 44)
    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 Materials Used in Lithium-Ion Batteries (Page No. - 51)
    7.1 Introduction
           7.1.1 Relation Between Material Types for Performance
    7.2 Cathode
    7.3 Anode
    7.4 Electrolytic Solution
    7.5 Others (Foil, Binder, Separator)

8 Lithium Ion Battery Market, By Type (Page No. - 55)
    8.1 Introduction
    8.2 Lithium Nickel Manganese Cobalt (Li-NMC)
    8.3 Lithium Iron Phosphate (LFP)
    8.4 Lithium Cobalt Oxide (LCO)
    8.5 Lithium Titanate Oxide (LTO)
    8.6 Lithium Manganese Oxide (LMO)
    8.7 Lithium Nickel Cobalt Aluminum Oxide (NCA)

9 Sources of Lithium (Page No. - 70)
    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 and Import of Lithium Ion Batteries
    9.4 Pricing Trend
    9.5 Companies Exploring Lithium

10 Lithium Ion Battery Market, By Power Capacity (Page No. - 75)
     10.1 Introduction
     10.2 0 to 3,000 mAh
     10.3 3,000 mAh to 10,000 mAh
     10.4 10,000 mAh to 60,000 mAh
     10.5 More Than 60,000 mAh

11 Lithium Ion Battery Market, By Vertical (Page No. - 83)
     11.1 Introduction
     11.2 Consumer Electronics
             11.2.1 Smartphones
                        11.2.1.1 Innovations in Lithium Ion Batteries
             11.2.2 UPS
                        11.2.2.1 Low Maintenance Cost and High Thermal Handling Capability of Lithium Ion Batteries for UPS
             11.2.3 Laptops
                        11.2.3.1 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 Aircraft
             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 Li-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. - 110)
     12.1 Introduction
     12.2 North America
             12.2.1 Increasing Events and Conferences Support the Adoption of Lithium Ion Batteries in North America
             12.2.2 US
                        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 Companies of the Li-Ion Batteries Market in Mexico
     12.3 Europe
             12.3.1 UK
                        12.3.1.1 Energy Storage Issues Tackled By the Government Using Li-Ion Batteries
             12.3.2 Germany
                        12.3.2.1 R&D By Private Sector and Research Institutes in Germany Drive Li-Ion Battery Market Growth
             12.3.3 Netherlands
                        12.3.3.1 Stringent Decisions Taken By the Dutch Government Facilitate the Li-Ion Battery Market Growth
             12.3.4 Norway
             12.3.5 Rest of Europe
     12.4 APAC
             12.4.1 Increasing Events and Exhibitions Boost the Adoption of Lithium Ion Batteries in Various Applications
             12.4.2 China
                        12.4.2.1 Growth of Ev Market to Drive the Lithium Ion Battery Market
             12.4.3 Japan
                        12.4.3.1 Exhibitions in Japan Supporting the Growth of Lithium Ion Batteries
                        12.4.3.2 Japan’s Booming Market for EVS Drives the Lithium Ion Battery Market
             12.4.4 India
                        12.4.4.1 The National Electric Mobility Mission Plan 2020 Initiative of the Department of Heavy Industry
             12.4.5 Rest of APAC
                        12.4.5.1 Plans By South Korean Government to Drive the Lithium Ion Battery Market Growth
     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. - 143)
     13.1 Overview
     13.2 Ranking Analysis of Market Players
     13.3 Competitive Situations and Trends
             13.3.1 Partnerships, Agreements, Collaborations, and Contracts
             13.3.2 Product Launches and Developments
             13.3.3 Acquisitions and Expansions

14 Company Profiles (Page No. - 148)
     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. - 176)
     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 (73 Tables)

Table 1 List of Major Secondary Sources
Table 2 Assumptions for the Research Study
Table 3 Bev and Phev Market, 2010–2015 (Thousand Units)
Table 4 Lithium Ion Battery Market, By Type, 2013–2022 (USD Billion)
Table 5 Lithium Ion Market for Li-NMC, By Region, 2013–2022 (USD Billion)
Table 6 Lithium Ion Market for Li-NMC, By Vertical, 2013–2022 (USD Billion)
Table 7 Market for LFP, By Region, 2013–2022 (USD Billion)
Table 8 Market for LFP, By Vertical, 2013–2022 (USD Billion)
Table 9 Market for LCO, By Region, 2013–2022 (USD Billion)
Table 10 Market for LCO, By Vertical, 2013–2022 (USD Billion)
Table 11 Market for LTO, By Region, 2013–2022 (USD Billion)
Table 12 Market for LTO, By Vertical, 2013–2022 (USD Billion)
Table 13 Market for LMO, By Region, 2013–2022 (USD Billion)
Table 14 Market for LMO, By Vertical, 2013–2022 (USD Billion)
Table 15 Market for NCA, By Region, 2013–2022 (USD Billion)
Table 16 Market for NCA, By Vertical, 2013–2022 (USD Billion)
Table 17 Market, By Capacity, 2013–2022 (USD Billion)
Table 18 Market for 0 mAh to 3,000 mAh Power Capacity, By Vertical, 2013–2022 (USD Billion)
Table 19 Li-Ion Battery Market for 3,000 mAh to 10,000 mAh10,000 mAh Capacity Range, By Vertical, 2013–2022 (USD Billion)
Table 20 Lithium Ion Battery Market for 10,000 mAh10,000 mAh to 60,000 mAh Capacity Range, By Vertical, 2013–2022 (USD Billion)
Table 21 Market for More Than 60,000 mAh Capacity, By Vertical, 2013–2022 (USD Billion)
Table 22 Market, By Vertical, 2013–2022 (USD Billion)
Table 23 Market for Consumer Electronics, By Type, 2013–2022 (USD Billion)
Table 24 Market for Consumer Electronics, By Region, 2013–2022 (USD Billion)
Table 25 Market for Consumer Electronics, By Capacity, 2013–2022 (USD Billion)
Table 26 Market for Automotive in Terms of Value and Volume, 2013–2022
Table 27 Market for Automotive, By Type, 2013–2022 (USD Billion)
Table 28 Market for Automotive, By Region, 2013–2022 (USD Billion)
Table 29 Market for Automotive, By Capacity, 2013–2022 (USD Billion)
Table 30 Market for Aerospace and Defense, By Type, 2013–2022 (USD Million)
Table 31 Market for Aerospace and Defense, By Region, 2013–2022 (USD Billion)
Table 32 Market for Aerospace and Defense, By Capacity, 2013–2022 (USD Billion)
Table 33 Market for Marine, By Type, 2013–2022 (USD Million)
Table 34 Market for Marine, By Region, 2013–2022 (USD Million)
Table 35 Market for Marine, By Capacity, 2013–2022 (USD Million)
Table 36 Market for Medical, By Type, 2013–2022 (USD Million)
Table 37 Market for Medical, By Region, 2013–2022 (USD Million)
Table 38 Market for Medical , By Capacity, 2013–2022 (USD Billion)
Table 39 Market for Industrial, By Type, 2013–2022 (USD Million)
Table 40 Market for Industrial, By Region, 2013–2022 (USD Billion)
Table 41 Market for Industrial, By Capacity, 2013–2022 (USD Billion)
Table 42 Market for Power, By Type, 2013–2022 (USD Million)
Table 43 Market for Power, By Region, 2013–2022 (USD Billion)
Table 44 Market for Power, By Capacity, 2013–2022 (USD Billion)
Table 45 Market, By Region, 2013–2022 (USD Billion)
Table 46 Market in North America, By Country, 2013–2022 (USD Billion)
Table 47 Market in North America, By Vertical, 2013–2022 (USD Million)
Table 48 Market in North America, By Type, 2013–2022 (USD Billion)
Table 49 Market in US, By Vertical, 2013–2022 (USD Million)
Table 50 Market in Canada, By Vertical, 2013–2022 (USD Million)
Table 51 Market in Mexico, By Vertical, 2013–2022 (USD Million)
Table 52 Market in Europe, By Country, 2013–2022 (USD Billion)
Table 53 Market in Europe, By Vertical, 2013–2022 (USD Billion)
Table 54 Li-Ion Battery Market in Europe, By Type, 2013–2022 (USD Billion)
Table 55 Lithium Ion Battery Market in UK, By Vertical, 2013–2022 (USD Million)
Table 56 Market in Germany, By Vertical, 2013–2022 (USD Million)
Table 57 Market in Netherlands, By Vertical 2013–2022 (USD Million)
Table 58 Market in Norway, By Vertical, 2013–2022 (USD Million)
Table 59 Market in RoE, By Vertical, 2013–2022 (USD Million)
Table 60 Market in APAC, By Country, 2013–2022 (USD Billion)
Table 61 Market in APAC, By Type, 2013–2022 (USD Billion)
Table 62 Market in APAC, By Vertical, 2013–2022 (USD Billion)
Table 63 Market in China, By Vertical, 2013–2022 (USD Million)
Table 64 Market in Japan, By Vertical 2013–2022 (USD Million)
Table 65 Market in India, By Vertical, 2013–2022 (USD Million)
Table 66 Market in Rest of APAC, By Vertical, 2013–2022 (USD Million)
Table 67 Market in RoW, By Region, 2013–2022 (USD Billion)
Table 68 Market in RoW, By Type, 2013–2022 (USD Million)
Table 69 Market in RoW, By Vertical, 2013–2022 (USD Million)
Table 70 Ranking of Key Companies in the Market, 2015
Table 71 Partnerships, Agreements, Collaborations, and Contracts, 2015–2016
Table 72 Product Launches and Developments, 2015–2016
Table 73 Acquisitions and Expansions, 2015–2016

List of Figures (94 Figures)

Figure 1 Lithium Ion Battery Market Segmentation
Figure 2 Market: Research Design
Figure 3 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 Market for Li-NMC Batteries Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Market for Automotive Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 10 Market, By Geography, 2015
Figure 11 Market Expected to Have Lucrative Opportunities in APAC
Figure 12 Market for Li-NMC Batteries to Grow at the Highest CAGR During 2016–2022
Figure 13 Consumer Electronics Vertical to Account for the Largest Market Share in 2016
Figure 14 Batteries Having A Power Capacity of 10,000 mAh–60,000 mAh Expected to Account for the Largest Market Share During the Forecast Period
Figure 15 China is Estimated to Hold the Largest Market Share in 2016
Figure 16 Increasing Demand for Electric Vehicles Drives the Lithium Ion Battery Market Growth
Figure 17 Use of Lithium Ion Batteries in Different Industries Compared to Other Batteries
Figure 18 Manufacturing and Assembly Stage Adds Maximum Value
Figure 19 Lithium Ion Battery Market: Porter’s Five Forces Analysis, 2016
Figure 20 Bargaining Power of Buyers to Have A High Impact
Figure 21 Impact of Intensity of Competitive Rivalry on the Market in 2016
Figure 22 Impact of Threat of Substitutes on the Market in 2016
Figure 23 Impact of Bargaining Power of Buyers on the Market in 2016
Figure 24 Impact of Bargaining Power of Suppliers on the Market in 2016
Figure 25 Impact of Threat of New Entrants on the Market in 2016
Figure 26 Materials of A Cell
Figure 27 Material Cost Breakdown of an Average Model Battery Type
Figure 28 Types of Lithium Ion Batteries Based on Materials Used
Figure 29 LCO Type Battery to Hold the Highest Share of the Lithium Ion Battery Market During the Forecast Period
Figure 30 NMC Batteries Have High Energy Density
Figure 31 APAC Wold Lead the Market for LFP Batteries By 2022
Figure 32 High-Power Density and Stability Boost the Adoption of LFP Batteries
Figure 33 High-Energy Density Increases Demand for LCO Batteries
Figure 34 APAC to Dominate the LTO Market During the Forecast Period
Figure 35 Life Cycle, Performance, and Stability-Related Features Expected to Create Demand for LTO Batteries
Figure 36 Cost, Power, Energy Density, and Stability Factors Boost Demand for LMO Batteries
Figure 37 High Energy Density of NCA Batteries Increases Demand in Automotive Vertical
Figure 38 Market Share of Applications of Lithium in 2015
Figure 39 Major Lithium Reserves in the World
Figure 40 Export Shares of Top Five Countries, 2011–2015 (USD Billion)
Figure 41 Export Trend of Lithium in China, USD Billion (2011–2015)
Figure 42 Lithium Price in USD Per Mt (2010–2016)
Figure 43 Top Lithium Supplying Companies in 2015
Figure 44 Lithium Ion Batteries Having Power Capacity of 10,000 mAh to 60,000 mAh to Hold the Largest Market Size By 2022
Figure 45 Consumer Electronics to Hold the Largest Size of the Market for Batteries With 0 mAh to 3,000 mAh Capacity By 2022
Figure 46 Consumer Electronics to Hold the Largest Size of the Market for Lithium Ion Batteries With A Capacity Range of 3000–10,000 mAh10,000 mAh By 2022
Figure 47 Automotive to Dominate the 10,000 mAh10,000 mAh to 60,000 mAh Capacity Range Lithium Ion Battery Market During the Forecast Period
Figure 48 Automotive to Lead the Market for Lithium Ion Batteries With More Than 60,000 mAh Capacity By 2022
Figure 49 Market Segmentation, By Vertical
Figure 50 Automotive to Dominate the Lithium Ion Battery Market During the Forecast Period
Figure 51 Comparison of Batteries
Figure 52 APAC to Lead the Lithium Ion Battery Market for Consumer Electronics During 2016–2022
Figure 53 Lithium Ion Batteries With 3,000 mAh to 10,000 mAh10,000 mAh Capacity to Lead the Market Between 2016 and 2022
Figure 54 Number of Battery Electric Vehicles and Plug-In Hybrid Electric Vehicles Sold in US During 2012–2014
Figure 55 APAC to Lead the Lithium-Ion Battery Market for Automotive During 2016–2022
Figure 56 Lithium Ion Battery Configurations Across Automotive Applications
Figure 57 Li-NMC Batteries to Dominate the Market for A&D During 2016–2022
Figure 58 Lithium Ion Batteries Having Capacity Range of 10,000 mAh to 60,000 mAh to Hold the Largest Market Size for A&D By 2022
Figure 59 LFP Batteries to Lead the Market for Marine By 2022
Figure 60 Lithium Ion Batteries With More Than 60,000 mAh Capacity to Hold the Largest Market Size for Marine By 2022
Figure 61 APAC Dominated the Lithium Ion Battery Market for the Medical During 2016–2022
Figure 62 Li-NMC Batteries to Dominate the Industrial Vertical of Lithium Ion Battery Market During 2016–2022
Figure 63 Market for Li-NMC Batteries for Power to Grow at the Highest CAGR During the Forecast Period
Figure 64 Batteries With More Than 60,000 mAh Capacity to Hold the Largest Market Size for Power By 2022
Figure 65 Lithium Ion Battery Market, By Geography
Figure 66 Geographic Snapshot: Global Lithium Ion Battery Market
Figure 67 APAC to Lead the Lithium Ion Battery Market During 2016–2022
Figure 68 Snapshot: Lithium Ion Battery Market in North America
Figure 69 Automotive to Lead the Market in North America By 2022
Figure 70 Market for Li-NMC Batteries to Lead the North American Market During the Forecast Period
Figure 71 Lithium Ion Battery Market in UK to Grow at the Highest CAGR Between 2016 and 2022
Figure 72 Li-NMC Batteries to Hold the Largest Market Size By 2022
Figure 73 Top Selling Electric Cars in Europe in 2015
Figure 74 Snapshot: Lithium Ion Battery Market in APAC
Figure 75 Consumer Electronics to Lead the APAC Market By 2022
Figure 76 Middle East & Africa Expected to Hold A Larger Size of the Lithium Ion Battery Market in RoW By 2022
Figure 77 Key Developments in the Lithium Ion Battery Market, 2015–2016
Figure 78 Battle for Market Share: Partnerships, Agreements, Collaborations, and Contracts Were the Key Strategies Adopted By the Market Players Between 2015 and 2016
Figure 79 Market Evolution Framework: Agreements, Partnerships, Collaborations, and Contracts Fuelled the Growth of the Lithium-Ion Battery Market
Figure 80 Geographic Revenue Mix of the Top Companies 2015
Figure 81 BAK Group: SWOT Analysis
Figure 82 BYD Company Ltd: Company Snapshot
Figure 83 BYD Company Ltd.: SWOT Analysis
Figure 84 LG Chem, Ltd.: Company Snapshot
Figure 85 LG Chem, Ltd.: SWOT Analysis
Figure 86 Panasonic Corporation: Company Snapshot
Figure 87 Panasonic Corporation: SWOT Analysis
Figure 88 Samsung SDI Co., Ltd.: Company Snapshot
Figure 89 Samsung SDI Co., Ltd.: SWOT Analysis
Figure 90 GS Yuasa Corporation: Company Snapshot
Figure 91 Hitachi Ltd.: Company Snapshot
Figure 92 Johnson Controls Inc.: Company Snapshot
Figure 93 Saft Groupe SA: Company Snapshot
Figure 94 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.

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.

Leading lithium ion battery manufacturers are developing sustainable and innovative solutions for existing and new applications of batteries to drive the industry forward

Automotive

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.

Aerospace and Defense

There is an increase in demand for military applications such as handheld radios, thermal imagers, and military tactical vehicles. As Li-Ion batteries allow manufacturers to reduce the product size and increase its resistance in adverse environmental condition, it has created the need for Li-Ion battery-based A&D equipment. The need for low cost, high power, and safe devices has led to the increasing demand for Li-Ion batteries in the A&D vertical.

Marine

Ships used for logistics and transportation of goods, oil, or any other materials are classified as commercial ships. One of the driving factors for the shift of the marine vertical to battery technology instead of the oil and gas system is to avoid carbon emissions. Oil spills and industrial waste have caused enough pollution in the ocean bodies. The use of Li-Ion batteries as an environmentally friendly option curbs the pollution spread by this mode of transport. Commercial ships are using lithium ion batteries in power modules to deliver power supply for a longer period. This use of Li-Ion batteries in commercial ships is expected to provide a positive impetus to the Li-Ion battery market.

Medical

Latest medical technology devices such as implantable hearing assists manufactured by leading medical companies are in demand. Medical patches, and blood pressure monitors are being manufactured with a mobility feature for use in remote locations.  Major manufacturers of medical devices are investing huge amounts in R&D to make the medical device more accurate, compact, and lightweight. Since the medical vertical is one of the fastest-growing industries in most of the developed and developing countries, the growth of its related Li-Ion battery applications and the market is inevitable.

Industrial

Industries are adopting the lithium ion battery technology for material handling equipment, cutting machines, drillers and crane pulley systems. High energy density and longer battery backup over congenital batteries make lithium ion batteries more popular in this segment. Advancements in the Li-Ion battery technology can improve the performance and efficiency of construction equipment, which encourages investment in R&D and certainly creates more opportunities for lithium ion batteries in the construction equipment industry.

Critical questions would be;

• Will the suppliers continue to explore new avenues for lithium ion batteries?
• What are the adjacent market which companies can leverage or explore?
• Is there a threat from substitute products?

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