Lithium Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry (Consumer Electronics, Automotive, Medical, Industrial), and Region - Global Forecast to 2024
The overall lithium ion battery market is expected to grow from USD 37.4 billion in 2018 to USD 92.2 billion by 2024, at a CAGR of 16.2%. The growth of this market is being fueled by increase in demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for industrial applications.
“Market for Lithium Nickel Manganese Cobalt is expected to grow at a higher rate during the forecast period”
The energy density of NMC batteries is its primary strength. It achieves this energy density with good stability due to the use of an optimum ratio of nickel manganese and cobalt. It also has a good charge and discharge cycle. These features enable its application in industries such as automotive. NMC is used in batteries laptops, mobile phones, tablets, automotive, power tools, and electrical storage systems. It is expected to gradually replace LCO and NCA cathode materials in batteries of notebooks, mobile phones, and tablets. It is lightweight and can better serve slimmer and lighter tablets and smartphones. NMC is also used in HEV, EV, and PHEV as it offers higher safety, along with other desired properties. These advantageous properties of NMC are expected to increase its market share in next five years and ideally positioned it to be the best material available in this industry.
“Lithium ion battery market for power capacity range 3,000–10,000 mAH is expected to grow at the highest rate during the forecast period”
Lithium-ion battery’s heavy power capacity makes it useful in electrical vehicles and industrial uses. The increasing market of consumer electronics and smartphones has increased the need for batteries with high power capacity that can keep the device running for long hours and at the same time giving an optimum experience of the device due to large screen and power back up service.
“Lithium ion battery market for consumer electronics is expected to hold the largest market during the forecast period”
Continuous development in consumer electronics as well as support from government and association for the adoption of lithium ion batteries has boosted the growth of this market. The growing use of electronic devices such as cell phones, laptops, MP3 players, and GPS navigation systems is driving the growth of the consumer electronics industry for the lithium ion battery market.
“APAC is expected to account for the largest market share during the forecast period”
The market mainly comprises China and India, which have a huge potential for many application areas within the lithium ion battery market. China being a global automotive manufacturing hub holds immense potential for the growth of the market. Increase in the production of electric vehicles and lithium ion batteries used in vehicles is driving the market in China. Furthermore, China is also one of the world's leading producers of electronic devices. This is expected to drive the market across multiple applications in China. Also, the presence of a number of electronic manufacturers such as Panasonic (Japan), Sony Corp. (Japan), Samsung SDI (South Korea), and LG Electronics (South Korea) in the region is one of the key factors driving the market for lithium ion batteries in APAC.
Key Market Players
Some major companies operating in the global lithium ion battery market are BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California).
LG Chem has an energy solution division that works on developing differentiated materials for automotive and mobile batteries with integration of the latest technology. Under its energy solution segment, it provides mobile batteries, automotive batteries, and energy storage systems. Under its mobile batteries division, it delivers cylindrical, prismatic, polymer batteries for mobile devices, electric tools, electric bicycles, and smart watches. LG Chem plans to build a 41,300 m2 sized production base in Wroclaw, Poland, by investing USD 380 million in its Polish subsidiary, LG Chem Wroclaw Energy. After the completion of production base in 2018, it will have capacity to supply lithium-ion batteries for 100,000 electric vehicles every year resulting into the production capacity for 280,000 electronic vehicles by leveraging company’s production system (Korea, US, China, and Poland).
Panasonic Corporation undertakes various strategic investments, which sum up around 1 trillion Yen (~USD 9 billion), and has spent part of this total since FY 2016 to achieve sustainable growth in sales and profit. In FY 2018, the company’s lithium-ion battery plant commenced operation inside Tesla’s Gigafactory in the US. The company’s plant is in charge of producing the high performance cylindrical “2170 cell” used in Tesla’s new model 3 electric vehicles and energy storage system. The company is planning to continue investing capital in FY 2019 to achieve annual production capacity of 35 GWh.
Scope of the Report:
|
Report Metric |
Details |
|
Base year |
2017 |
|
Forecast period |
2018–2024 |
|
Units |
Value (USD) |
|
Segments covered |
Type, End User, Offerings, and Region |
|
Geographic regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California) |
Recent Developments
- In July 2018, BYD Company signed strategic cooperation agreement with Changan Automobile to jointly manufacture batteries for electric vehicles. The groundbreaking agreement will see both companies collaborate in the production and sale of these batteries through a new legal entity based in Chongqing, a mega city of 33 million people in central China.
- In March 2018, Samsung SDI launched its new ESS product, a high-capacity 111Ah (Ampere hour) ESS battery cell, in which the energy density is substantially increased
- In September 2017, Panasonic Corporation has decided to start the production of automotive lithium-ion batteries at a factory in Himeji, Hyogo Prefecture, and expanding domestic production amid increasing demand for such batteries.
Key questions addressed in the report
- Where will all the developments take the industry in the mid-to-long term?
- What are the upcoming products and technologies in the lithium ion battery market?
- Who are the key players and what are the strategies adopted by them?
- What are the fastest- or highest-growing areas in the market?
- What are major drivers, restraints, opportunities, and challenges pertaining to the lithium ion battery market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 17)
1.1 Study Objectives
1.2 Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at the Market Size By Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumption
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 35)
4.1 Lithium Ion Battery Market Opportunities
4.2 Market, By Type, 2018–2024
4.3 Market in APAC, By Type and Country, 2024
4.4 Market Size, By Industry, 2018–2024
4.5 Market, By Region, 2018–2024
5 Market Overview (Page No. - 39)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Demand for Plug-In Vehicles
5.2.1.2 Growing Need for Automation and Battery-Operated Material-Handling Equipment in Industries
5.2.1.3 Growing Demand for Smart Devices and Other Industrial Goods
5.2.1.4 High Requirement of Lithium-Ion Batteries for Various Industrial Applications
5.2.2 Restraints
5.2.2.1 Safety Issues Related to Storage and Transportation of Spent Batteries
5.2.3 Opportunities
5.2.3.1 Declining Prices of Lithium Ion Batteries Increase Adoption in New Applications
5.2.3.2 Developing Application Within Energy Sector
5.2.4 Challenges
5.2.4.1 Overheating of Lithium Ion Batteries
5.2.4.2 Upcoming Technologies Such as Chemical Energy Storage, Compressed Energy Storage, and Pumped Hydro Technology
5.2.4.3 High Cost of Battery-Operated Industrial Vehicles
6 Industry Trends (Page No. - 44)
6.1 Value Chain Analysis
6.2 Emerging Trends
6.2.1 Growth in E-Commerce Industry
6.2.2 Development of Battery-Operated Equipment for Mining Industry
6.2.3 Replacement of Conventional Batteries With Lithium-Ion-Based Batteries
6.3 Manufacturing Process of Lithium-Ion Battery
6.3.1 Electrode Coating
6.3.2 Cell Assembly
6.4 International Regulations for the Transportation of Lithium Ion Battery Packs
6.4.1 Responsibilities
6.4.2 Legislation
6.4.3 Exempt Products
6.4.4 Battery Tests
7 Materials Used in Lithium Ion Battery (Page No. - 51)
7.1 Introduction
7.2 Cathode Material
7.2.1 Cathode Material for Lithium Ion Battery
7.2.1.1 Lithium Iron Phosphate (LFP)
7.2.1.2 Lithium Cobalt Oxide (LCO)
7.2.1.3 Lithium Nickel Manganese Cobalt (NMC)
7.2.1.4 Lithium Nickel Cobalt Aluminum (NCA)
7.2.1.5 Lithium Manganese Oxide (LMO)
7.3 Anode Material
7.3.1 Anode Material for Lithium Ion Battery
7.3.1.1 Natural Graphite
7.3.1.2 Artificial Graphite
7.3.1.3 Other Anode Materials
7.4 Electrolyte Material
7.5 Separator Material
7.6 Other Materials
8 Resources Used for Lithium Ion Battery (Page No. - 55)
8.1 Introduction
8.2 Proven Reserves
8.2.1 Chile
8.2.2 China
8.2.3 Argentina
8.2.4 Australia
8.2.5 Others
8.3 Pricing Trend
8.4 Companies Exploring Lithium
8.4.1 Albemarle Corporation
8.4.2 Sqm
8.4.3 Jiangxi Ganfeng Lithium
8.4.4 Fmc
8.4.5 Tianqi Lithium
9 Lithium Ion Battery Market, By Type (Page No. - 60)
9.1 Introduction
9.2 Lithium Nickel Manganese Cobalt (LI-NMC)
9.2.1 High Energy Density Boost the Demand for NMC Battery
9.3 Lithium Iron Phosphate (LFP)
9.3.1 High Power Density and Stability Boosts the Adoption of LFP Batteries
9.4 Lithium Cobalt Oxide (LCO)
9.4.1 High Energy Density Increases the Demand of LCO Batteries
9.5 Lithium Titanate Oxide (LTO)
9.5.1 High Stability, Energy and Power Density Expected to Create Demand for LTO Batteries
9.6 Lithium Manganese Oxide (LMO)
9.6.1 Cost Factor Boosts the Growth of LMO Batteries
9.7 Lithium Nickel Cobalt Aluminum Oxide (NCA)
9.7.1 High Energy Density of NCA Batteries Increases Its Demand in Automotive Industry
10 Lithium Ion Battery Market, By Power Capacity (Page No. - 75)
10.1 Introduction
10.2 0 to 3,000 mAH
10.2.1 Holds the Largest Share of Lithium Ion Battery Market in 2017
10.3 3,000 to 10,000 mAH
10.3.1 Expected to Grow at the Highest CAGR Between 2018 and 2024
10.4 10,000 to 60,000 mAH
10.4.1 Market for Automotive Expected to Grow at the Highest Rate During the Forecast Period
10.5 More Than 60,000 mAH
10.5.1 Industrial Application Industry is Expected to Have the Highest CAGR During Forecast Period
11 Lithium Ion Battery Market, By Industry (Page No. - 82)
11.1 Introduction
11.2 Consumer Electronics
11.2.1 Smartphones
11.2.1.1 to Meet the Need for Power Supply to Complex Smart Phone Devices, Manufacturers Depend on High-Power Lithium Ion Batteries.
11.2.2 UPS
11.2.2.1 Growing Need for Continuous and High-Quality Power Supply in Both Commercial and Industrial Sectors
11.2.3 Laptops
11.2.3.1 Demand for Reduced Size and High Power Requirement is Boosting Up the Need of Lithium Ion Batteries
11.2.4 Others (Games, Gardening Tools, and Drilling)
11.2.4.1 Lithium Ion Batteries Enable the Use of Other Equipment in Remote Areas
11.3 Automotive
11.3.1 Battery Electric Vehicles
11.3.1.1 Lithium Ion Batteries Provide High Thermal Stability, and are Safe to Be Used in Electric Vehicle
11.3.2 Plug-In Hybrid Electric Vehicles
11.3.2.1 Low Self-Discharge Rate, High Output and High Energy Density are Driving the Adoption of Lithium Ion Batteries in Hybrid Electric Vehicles
11.4 Aerospace and Defense
11.4.1 Commercial Aircrafts
11.4.1.1 Factors Such as Higher Cranking Voltage, No Oxidization, and Less Toxicity, is Driving the Lithium Ion Batteries for Commercial Aircrafts
11.4.2 Defense
11.4.2.1 Lithium Ion Batteries are Used in Equipment Like Handheld Radios, Thermal Imaging and Tactical in the Defense Industry.
11.5 Marine
11.5.1 Commercial
11.5.1.1 Use of Lithium Ion Batteries has Increased in Commercial Ships in Countries Such as China, Us, Finland and Others
11.5.2 Tourism
11.5.2.1 Lithium Ion Batteries are Lighter in Weight and Provide Higher Output Voltage Which Acts as A Driving Factor in Electric Boats
11.5.3 Defense
11.5.3.1 Lithium Ion Battery Technology is Used in Weapons Deployed on Defense Ships
11.6 Medical
11.6.1 Market for LCO to Hold the Largest Share During Forecast Period
11.7 Industrial
11.7.1 Mining Equipment
11.7.1.1 Mining Equipment Industry is Adopting Lithium Ion Battery Technology Considering the Safety Concern Over Lead Acid Batteries
11.7.2 Construction Equipment
11.7.2.1 High Energy Density and Longer Battery Backup Over Congenital Batteries Make Lithium Ion Batteries More Popular in This Segment
11.8 Power
11.8.1 Market in APAC Holds the Largest Share During Forecast Period
12 Lithium Ion Battery Market, By Region (Page No. - 103)
12.1 Introduction
12.2 North America
12.2.1 US
12.2.1.1 Accounted for the Largest Share for Market in North America
12.2.2 Canada
12.2.2.1 Market in Canada is Expected to Grow at the Highest CAGR During Forecast Period
12.2.3 Mexico
12.2.3.1 Low Cost Labor and Necessary Infrastructure Boost the Growth of Lithium Ion Battery Market
12.3 Europe
12.3.1 Germany
12.3.1.1 Investment By Major Companies in the Production and R&D of Lithium Ion Battery Driving the LI-Ion Market
12.3.2 UK
12.3.2.1 Market in UK is Expected to Grow the Highest CAGR During the Forecast Period
12.3.3 The Netherlands
12.3.3.1 Stringent Government Decision By the Government Boost the Market
12.3.4 Norway
12.3.4.1 High Adoption of Ev in Comparison to Combustion Vehicle Boost the Demand for Lithium Ion Battery Market
12.3.5 Rest of Europe
12.3.5.1 Major Investment in the Region Contributing to the Growth of Lithium Ion Battery Market
12.4 APAC
12.4.1 China
12.4.1.1 Increasing Automotive Production Fueling the Market in China
12.4.2 Japan
12.4.2.1 Major Events and Exhibitions Supporting the Growth of Lithium Ion Batteries
12.4.3 India
12.4.3.1 Growing Adoption of Electrified Transport Boost the Demand for Lithium Ion Batteries
12.4.4 Rest of APAC
12.4.4.1 Government Support for the Adoption of Evs Increases the Demand for Lithium Ion Batteries
12.5 Rest of the World (RoW)
12.5.1 Middle East
12.5.1.1 Promoting the Growth of Saudi Arabia’s Home of Innovation Facility Help to Drive the Lithium Ion Batteries Market
12.5.2 Africa
12.5.2.1 Huge Reserves of Minerals Likely to Boost the Demand for Lithium Ion Batteries
12.5.3 South America
12.5.3.1 Huge Reserve of Lithium and Investment in the Mining Sector Contributing to the Growth of Lithium Ion Battery Market
13 Competitive Landscape (Page No. - 129)
13.1 Introduction
13.2 Market Ranking Analysis, 2017
13.3 Competitive Leadership Mapping
13.3.1 Visionary Leaders
13.3.2 Dynamic Differentiators
13.3.3 Innovators
13.3.4 Emerging Companies
13.4 Strength of Product Portfolio (25 Players)
13.5 Business Strategy Excellence (25 Players)
13.6 Competitive Situations and Trends
14 Company Profiles (Page No. - 136)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
14.1 Key Players
14.1.1 BYD Company
14.1.2 LG Chem
14.1.3 Panasonic Corporation
14.1.4 Samsung SDI
14.1.5 Bak Group
14.1.6 GS Yuasa Corporation
14.1.7 Hitachi
14.1.8 Johnson Control
14.1.9 Toshiba Corporation
14.1.10 Lithium Werks
14.2 Other Prominent Players
14.2.1 Calb
14.2.2 Saft Groupe
14.2.3 Varta Storage
14.2.4 Farasis Energy
14.2.5 Sila Nanotechnologies
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
15 Appendix (Page No. - 164)
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details
List of Tables (67 Tables)
Table 1 LI-Ion Battery: Battery Materials
Table 2 Lithium Ion Battery Market By Type, 2015–2024 (USD Million)
Table 3 Market for LI-NMC By Industry, 2015–2024 (USD Million)
Table 4 Market for LI-NMC, By Region, 2015–2024 (USD Million)
Table 5 Market for LFP, By Industry, 2015–2024 (USD Million)
Table 6 Market for LFP, By Region, 2015–2024 (USD Million)
Table 7 Market for LCO, By Industry, 2015–2024 (USD Million)
Table 8 Market for LCO, By Region, 2015–2024 (USD Million)
Table 9 Market for LTO, By Industry, 2015–2024 (USD Million)
Table 10 Market for LTO, By Region, 2015–2024 (USD Million)
Table 11 Market for LMO, By Industry, 2015–2024 (USD Million)
Table 12 Market for LMO, By Region, 2015–2024 (USD Million)
Table 13 Market for NCA, By Industry, 2015–2024 (USD Million)
Table 14 Market for NCA, By Region, 2015–2024 (USD Million)
Table 15 Market, By Power Capacity, 2015–2024 (USD Million)
Table 16 Market for 0–3,000 mAH, By Industry, 2015–2024 (USD Million)
Table 17 Market for 3,000–10,000 mAH, By Industry, 2015–2024 (USD Million)
Table 18 Market for 10,000–60,000 mAH, By Industry, 2015–2024 (USD Million)
Table 19 Market for More Than 60,000 mAH, By Industry, 2015–2024 (USD Million)
Table 20 Market, By Industry, 2015–2024 (USD Million)
Table 21 Market for Consumer Electronics, By Type, 2015–2024 (USD Million)
Table 22 Market for Consumer Electronics, By Power Capacity, 2015–2024 (USD Million)
Table 23 Market for Consumer Electronics, By Region, 2015–2024 (USD Million)
Table 24 Lithium Ion Battery Configurations Across Auto Applications
Table 25 Lithium Ion Battery Market for Automotive, By Type, 2015–2024 (USD Million)
Table 26 Market for Automotive, By Power Capacity, 2015–2024 (USD Million)
Table 27 Market for Automotive, By Region, 2015–2024 (USD Million)
Table 28 Market for Aerospace & Defense, By Type, 2015–2024 (USD Million)
Table 29 Market for Aerospace & Defense, By Power Capacity, 2015–2024 (USD Million)
Table 30 Market for Aerospace & Defense, By Region, 2015–2024 (USD Million)
Table 31 Market for Marine, By Type, 2015–2024 (USD Million)
Table 32 Market for Marine, By Power Capacity, 2015–2024 (USD Million)
Table 33 Market for Marine, By Region, 2015–2024 (USD Million)
Table 34 Market for Medical, By Type, 2015–2024 (USD Million)
Table 35 Market for Medical, By Power Capacity, 2015–2024 (USD Million)
Table 36 Market for Medical, By Region, 2015–2024 (USD Million)
Table 37 Market for Industrial, By Type, 2015–2024 (USD Million)
Table 38 Market for Industrial, By Power Capacity, 2015–2024 (USD Million)
Table 39 Market for Industrial, By Region, 2015–2024 (USD Million)
Table 40 Market for Power, By Type, 2015–2024 (USD Million)
Table 41 Market for Power, By Power Capacity, 2015–2024 (USD Million)
Table 42 Market for Power, By Region, 2015–2024 (USD Million)
Table 43 Market, By Region, 2015–2024 (USD Million)
Table 44 Lithium Ion Battery in North America, By Type, 2015–2024 (USD Million)
Table 45 Market in North America, By Industry, 2015–2024 (USD Million)
Table 46 Market in North America, By Country, 2015–2024 (USD Million)
Table 47 Market in the Us, By Industry, 2015–2024 (USD Million)
Table 48 Market in Canada, By Industry, 2015–2024 (USD Million)
Table 49 Market in Mexico, By Industry, 2015–2024 (USD Million)
Table 50 Lithium Ion Battery in Europe, By Type, 2015–2024 (USD Million)
Table 51 Market in Europe, By Industry, 2015–2024 (USD Million)
Table 52 Market in Europe, By Country, 2015–2024 (USD Million)
Table 53 Market in Germany, By Industry, 2015–2024 (USD Million)
Table 54 Market in Uk, By Industry, 2015–2024 (USD Million)
Table 55 Market in the Netherlands, By Industry, 2015–2024 (USD Million)
Table 56 Market in Norway, By Industry, 2015–2024 (USD Million)
Table 57 Market in Rest of Europe, By Industry, 2015–2024 (USD Million)
Table 58 Market in APAC, By Type, 2015–2024 (USD Million)
Table 59 Market in APAC, By Industry, 2015–2024 (USD Million)
Table 60 Market in APAC, By Country, 2015–2024 (USD Million)
Table 61 Market in China, By Industry, 2015–2024 (USD Million)
Table 62 Market in Japan, By Industry, 2015–2024 (USD Million)
Table 63 Market in India, By Industry, 2015–2024 (USD Million)
Table 64 Market in Rest of APAC, By Industry, 2015–2024 (USD Million)
Table 65 Lithium Ion Battery in RoW, By Type, 2015–2024 (USD Million)
Table 66 Market in RoW, By Industry, 2015–2024 (USD Million)
Table 67 Lithium Ion Battery Market in RoW, By Region (USD Million)
List of Figures (61 Figures)
Figure 1 Lithium Ion Battery Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Lithium Ion Battery Market, 2015–2024
Figure 7 Lithium Nickel Manganese Cobalt is Expected to Grow at the Highest Rate During the Forecast Period
Figure 8 Lithium Ion Battery Market for Power Capacity Range 3,000–10,000 Mah Expected to Grow at the Highest CAGR During Forecast Period
Figure 9 Automotive Industry is Expected to Grow at the Highest CAGR Between 2018 and 2024
Figure 10 Lithium Ion Battery Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 11 Attractive Opportunities in Market From 2018 to 2024
Figure 12 LI-NMC Market for Lithium Ion Battery is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 13 LI-Co Expected to Held the Largest Share of the Market in APAC By 2024
Figure 14 Lithium Ion Battery Market for Automotive Expected to Hold Largest Market Share in 2024
Figure 15 Market in China Expected to Grow at the Highest CAGR During 2018–2024
Figure 16 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Global Plug-In Vehicle
Figure 18 Value Chain Analysis: Lithium Ion Battery Market
Figure 19 Electrode Coating Process
Figure 20 Cell Assembly Process
Figure 21 Chemistry of Cathode
Figure 22 Global End User Market for Lithium
Figure 23 Reserve vs Production
Figure 24 Lithium Price in USD Per Metric Ton (2010-2018)
Figure 25 Top Players in Lithium Suppliers Market
Figure 26 Lithium Ion Battery Market, By Type
Figure 27 Performance Parameters: LI-NMC Batteries
Figure 28 Lithium Nickel Manganese Cobalt Type Market is Expected to Grow at A Highest CAGR in APAC Region
Figure 29 Performance Parameters: LFP Batteries
Figure 30 Performance Parameters: LCO Batteries
Figure 31 Performance Parameters: LTO Batteries
Figure 32 Power Hold the Largest Share in Market for LTO During Forecast Period
Figure 33 Performance Parameters: LMO Batteries
Figure 34 Performance Parameters: NCA Batteries
Figure 35 Lithium Nickel Cobalt Aluminum Oxide Type Market is Expected to Grow at the Highest CAGR in APAC Region
Figure 36 Lithium Ion Battery Market, By Power Capacity
Figure 37 Consumer Electronics to Dominate Market for 0–3,000 Mah During Forecast Period
Figure 38 Automotive to Hold Largest Share for More Than 60,000 Mah in Lithium Ion Battery Market During Forecast Period
Figure 39 Lithium Ion Battery Market, By Industry
Figure 40 Comparison of Batteries With Respect to Characteristic
Figure 41 Geographic Snapshot (2017): China to Witness Significant Growth During Forecast Period
Figure 42 North America: Snapshot of Market
Figure 43 US Accounted for the Largest Share of Market in North America During Forecast Period
Figure 44 Consumer Electronics to Hold the Largest Share of the Market in Mexico
Figure 45 Europe: Snapshot of Lithium Ion Battery Market
Figure 46 UK to Grow at the Highest CAGR in European Lithium Ion Battery Market Between 2018 and 2024
Figure 47 APAC: Snapshot of Market
Figure 48 Automotive to Grow at the Highest CAGR Between 2018 and 2024
Figure 49 Automotive to Hold the Largest Share of Lithium Ion Battery Market in RoW Between 2018 and 2024
Figure 50 Key Growth Strategy Adopted By the Companies Between 2015 and 2018
Figure 51 Ranking of Top 5 Market Players, 2017
Figure 52 Lithium Ion Battery Market (Global) Competitive Leadership Mapping, 2017
Figure 53 Battle for Market Share: Partnerships/Contracts/Agreements Were the Key Strategies
Figure 54 BYD Company: Company Snapshot
Figure 55 LG Chem: Company Snapshot
Figure 56 Panasonic Corporation: Company Snapshot
Figure 57 Samsung SDI: Company Snapshot
Figure 58 GS Yuasa Corporation: Company Snapshot
Figure 59 Hitachi: Company Snapshot
Figure 60 Johnson Control: Company Snapshot
Figure 61 Toshiba Corporation: Company Snapshot
The study has involved 4 major activities to estimate the current market for lithium ion batteries. Exhaustive secondary research has been conducted to collect information on the market, peer market, and parent market. Validation of these findings and assumptions with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the market size of each segment and subsegment.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The lithium ion battery market comprises several stakeholders such as automotive consultants, consumer electronics manufacturers, lithium-ion battery distributors and providers, lithium-ion battery manufacturing companies, research organizations and consulting companies, and technology investors. The demand side of this market is characterized by automotive, consumer electronics, industrial sector, healthcare, and marine. The supply side is characterized by component suppliers, system integrators, and end-to-end solution providers. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the lithium ion battery market. These methods have been also used extensively to estimate the size of various subsegments in the market. Following is the method to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the estimation processes as explained above the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To describe and forecast the lithium ion battery market, in terms of value, by type, power capacity, and industry
- To describe and forecast the lithium ion battery market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and RoW
- To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain of the lithium ion battery market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the lithium ion battery market
Scope of the Report
|
Report Metric |
Details | |
|
2015–2024 | |
|
Base year considered |
2017 | |
|
Forecast period |
2018–2024 | |
|
Forecast units |
Value (USD) | |
|
Segments covered |
Type, Power Capacity, Industry, and Region | |
|
Geographies covered |
North America, Europe, APAC, and RoW | |
|
Companies covered |
BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China). Total 15 major players covered |
This research report categorizes the lithium ion battery market based on type, power capacity, industry, and region.
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 Aluminum Oxide (NCA)
Lithium Ion Battery Market, by Power Capacity:
- 0 TO 3,000 mAH
- 3,000 TO 10,000 mAH
- 10,000 TO 60,000 mAH
- More Than 60,000 mAH
Lithium Ion Battery Market, by Industry:
- Consumer Electronics
- Automotive
- Marine
- Aerospace and Defense
- Medical
- Industrial
- Power
Lithium Ion Battery Market, by Region:
- North America
- Europe
- Asia Pacific
- 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:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Company Information
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Growth opportunities and latent adjacency in Lithium Ion Battery Market