Lithium-Ion Battery Market

Lithium-Ion Battery Market with COVID-19 Impact Analysis, by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Power, Industrial), & Region (North America, Europe, APAC & RoW) - Global Forecast to 2030

Report Code: SE 4967 Jun, 2021, by marketsandmarkets.com

[249 Pages Report] The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030. The growth of the market is majorly driven by surging requirement for continuous power supply from critical infrastructures in wake of COVID-19, increasing demand for plug-in vehicles, growing need for battery-operated material-handling equipment in industries due to automation, continued development of smart devices, and growing adoption of lithium-ion batteries in renewable energy sector.

Lithium-Ion Battery Market

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COVID-19 impact on the lithium-ion battery market

The lithium-ion battery market was moderately impacted by the COVID-19 pandemic. In the prevailing COVID-19 situation, the expected growth of the market is expected to decline as the pandemic is restricting the supply of batteries and other components due to severe disruptions in businesses and the global economy. The current situation has impacted the supply chain of the battery industry. Key components for batteries are mainly manufactured in Asia Pacific. The COVID-19 situation has exposed the overdependency on the region for key raw materials, especially China. Battery manufacturers in the US, Germany, and Australia are highly impacted by the shutdown of operations in China and other Asia Pacific countries. It has also resulted in limited production leading to a serious decline in business inputs. The recovery depends on government assistance, as well as the level of corporate debt and how the companies and markets cope with the trimmed demand. After the recovery phase, the market is projected to grow at a moderate rate until 2030.

Market Dynamics

Driver: Increasing demand for plug-in vehicles

Lithium-ion batteries are a source of power for electric vehicles. The widespread use of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) has inevitably boosted the adoption of lithium-ion batteries, which is expected to increase further in the future. The growing adoption of EVs among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles. The number of electric vehicles is constantly increasing, owing to advantages aligned with them such as less need to maintain the vehicle engine, reduced use of hazardous oil waste, and reduction in pollution caused by fuel combustion engines, along with the development of improved battery technologies. Electric vehicles are perceived as the future of the automobile industry and transportation systems; their increased adoption will eventually increase the demand for lithium-ion batteries.

Restraint: Safety issues related to storage and transportation of spent batteries

Spent batteries contain hazardous chemicals, including acids and heavy metals, such as mercury and lead. In July 2007, a fire incident caused by lithium-based batteries resulted in more than 132,000 liters of chemicals being set ablaze, causing the closure of 2 major motorways in the UK. It is mandatory to keep spent batteries in watertight containers and store them away from other flammable and combustible materials. It is also important to keep a Class D extinguisher and sand nearby as a precautionary measure in the event of a fire. As spent batteries hold residual charge, there lies a risk of unplanned discharge, which may cause harm to properties and people. All batteries, unless properly labeled, should be treated as holding charge and stored with care. Due to the aforementioned risks, the storage and transportation of spent batteries are regulated by state or national governments.

Opportunity: Declining prices of lithium-ion batteries

The price of lithium-ion batteries has been a major factor hindering adoption since their introduction in the 1990s. A lithium-ion battery consists of many components. The primary component of any lithium-ion battery is the cell, which accounts for almost 50% of its cost; electronics, assembly, and packaging account for the rest. However, recent developments and claims made by lithium-ion battery manufacturing companies and automobile companies suggest that the price of these batteries is expected to decline substantially. According to General Motors Company (US), the cost of a cell is expected to drop to USD 100 per kWh by 2021. Developments such as manufacturing on a large scale, declining price of components, and adoption of advanced technologies to boost battery capacity are some of the factors leading to a decline in price. A reduction in the price would catalyze the adoption of these batteries across various new applications.

Challenge: Disruptions in supply chain of batteries and related components caused by COVID-19

The outbreak and the spread of the COVID-19 have impacted the energy industry supply chain, particularly renewable energy technologies and battery energy storage systems. The key components used in battery energy storage systems are mainly manufactured in APAC. The pandemic has exposed the overdependence of the world on the region, especially on China, for key raw materials. Manufacturers of energy storage systems in the US, Germany, and Australia are severely impacted by the shutdown of operations in China and other countries of APAC.

10,000–60,000 MAh Lithium-ion battery expected to contribute the largest share to the lithium-ion battery market during the forecast period

The 10,000–60,000 MAh segment accounted for the largest market share in 2020. Li-ion batteries with a capacity of more than 10,000 mAh are used for applications requiring high capacity, such as electric vehicles, plug-in hybrid electric vehicles, e-motorcycles, material handling equipment, marine, robots, industrial, telecommunication systems, electronic cash registers, standby power supplies, golf cart vehicles, hybrid trucks, buses, smart grid, aviation industry, automated guided vehicle, yachts, solar backup power, energy storage system (ESS) platforms, military applications, low earth orbit (LEO), medium earth orbit (MEO), and geostationary or geosynchronous orbit (GEO) satellites, and launch vehicles.

Automotive segment expected to lead the lithium-ion battery market in 2020

Automotive segment is expected to hold the largest share in the lithium-ion battery market during the forecast period. Battery-driven vehicles, such as electric vehicles, e-bikes, and automated guided vehicles, are major consumers of lithium-ion batteries. Depending on their source of power and application, EVs are classified into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Increasing adoption and awareness of EVs supports the growth of the market. Automobile original equipment manufacturers (OEM) and players within the mobility industry are among the worst hit by the COVID-19pandemic. Automobile OEMs increasingly rely on just-in-time manufacturing, which is presently affecting their production capabilities and overall exports owing to supply chain disruptions. Automobile manufacturing plants are producing and supplying a few automobiles owing to the global supply chain disruptions resulting from lockdowns. This can impact the growth of the lithium-ion battery market until COVID-19 cases stabilize globally.

Lithium-Ion Battery Market by Region

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Lithium-ion battery market in APAC contributed the largest share in 2020.

Lithium-ion battery market in APAC is expected to grow at the highest CAGR during 2021−2030. China and Japan are the world’s second-and third-largest markets, respectively, for electric vehicles. Continuous developments in the consumer electronics and automotive verticals have led to an increase in the application of lithium-ion batteries as they offer various advantages, such as high power capacity, increased safety, and reduced pollution. However, the outbreak of COVID-19 has impacted the manufacturing facilities of all verticals across the world, forcing them to shut down. However, production has resumed in a few facilities in China, thereby initiating the manufacturing of some essentials. Several countries in the APAC region are planning off-grid electrification, especially in remote areas. Investments in energy storage systems are expected to increase substantially in the region as governments in developing economies are formulating new policies to improve the reliability and quality of power distribution facilities for the residential customers.

Key Market Players

The lithium-ion battery players have implemented various types of organic as well as inorganic growth strategies, such as product launches, product developments, and acquisitions to strengthen their offerings in the market. BYD Company (China), LG Chem (South Korea), Contemporary Amperex Technology Co. Ltd. (CATL) (China), Samsung SDI (South Korea), Panasonic Corporation (Japan), BAK Group (China), GS Yuasa Corporation (GS Yuasa) (Japan), Hitachi (Japan), Clarios (Germany), and Toshiba Corporation (Japan), are some of the major players in lithium-ion battery market.

The study includes an in-depth competitive analysis of these key players in the lithium-ion battery market with their company profiles, recent developments, and key market strategies.

Report Scope:

Report Metric

Details

Years considered

2017–2030

Base year considered

2020

Forecast period

2021–2030

Forecast units

Value (USD million and USD billion), Volume (Million Units)

Segments covered

Type, Capacity, Voltage, Industry, and Region

Regions covered

North America, APAC, Europe, and RoW

Companies covered

BYD Company (China), LG Chem (South Korea), Contemporary Amperex Technology Co. Ltd. (CATL) (China), Samsung SDI (South Korea), and Panasonic Corporation (Japan)

In this report, the overall lithium-ion battery market has been segmented based on type, voltage, 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 Capacity

  • 0–3,000 mAh
  • 3,000–10,000 mAh
  • 10,000–60,000 mAh
  • 60,000 mAh and Above

Lithium-ion battery Market, By Voltage

  • Low (Below 12V)
  • Medium (12V – 36V)
  • High (Above 36V)

Lithium-ion battery Market, By Industry

  • Consumer Electronics
  • Automotive
  • Aerospace
  • Marine
  • Medical
  • Industrial
  • Power
  • Telecommunication

Geographic Analysis

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, Netherlands, Norway and Rest of Europe)
  • Asia Pacific (China, Japan, India, and Rest of APAC)
  • Rest of the World (South America, and Middle East & Africa)

Recent Developments

  • In May 2021, CATL and Daimler Truck AG announced the intensification of their existing partnership based on their shared vision of CO2-neutral electrified trucking. CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024.
  • In December 2020, GS Yuasa Corporation announced the launch of its LIM30HL series of industrial lithium-ion battery modules. The battery modules in the LIM30HL series, while retaining the same dimensions as those of the existing LIM25H series, are upwardly compatible and feature a higher rated capacity and lower internal resistance.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 LITHIUM-ION BATTERY MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 VOLUME UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
           FIGURE 2 LITHIUM-ION BATTERY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Key secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size using bottom-up analysis
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size using top-down analysis
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR LITHIUM-ION BATTERY MARKET USING SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTION
    2.5 RISK ASSESSMENTS
           TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 7 LITHIUM-ION BATTERY MARKET, 2017–2030
    FIGURE 8 EFFECT OF COVID-19 ON MARKET
    3.1 PRE-COVID-19 SCENARIO
           TABLE 2 PRE-COVID-19 SCENARIO: MARKET, 2021–2025 (USD MILLION)
           TABLE 3 PRE-COVID-19 SCENARIO: MARKET, 2026–2030 (USD MILLION)
    3.2 POST-COVID-19 SCENARIO
           TABLE 4 POST-COVID-19 SCENARIO: LITHIUM-ION BATTERY MARKET, 2021–2025 (USD MILLION)
           TABLE 5 POST-COVID-19 SCENARIO: MARKET, 2026–2030 (USD MILLION)
    3.3 OPTIMISTIC SCENARIO (POST-COVID-19)
           TABLE 6 OPTIMISTIC SCENARIO (POST-COVID-19): MARKET, 2021–2025 (USD MILLION)
           TABLE 7 OPTIMISTIC SCENARIO (POST-COVID-19): MARKET, 2026–2030 (USD MILLION)
    3.4 PESSIMISTIC SCENARIO (POST-COVID-19)
           TABLE 8 PESSIMISTIC SCENARIO (POST-COVID-19): MARKET, 2021–2026 (USD MILLION)
           TABLE 9 PESSIMISTIC SCENARIO (POST-COVID-19): MARKET, 2026–2030 (USD MILLION)
           FIGURE 9 LITHIUM NICKEL MANGANESE COBALT SEGMENT EXPECTED TO DOMINATE MARKET DURING FORECAST PERIOD
           FIGURE 10 POWER SEGMENT IS EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2030
           FIGURE 11 MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARKET
           FIGURE 12 HEIGHTENED ADOPTION OF ELECTRIC VEHICLES AND RENEWABLE ENERGY STORAGE SYSTEMS TO FUEL GROWTH OF MARKET FROM 2021 TO 2030
    4.2 MARKET, BY TYPE
           FIGURE 13 LI-NMC SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET BY 2030
    4.3 MARKET, BY CAPACITY
           FIGURE 14 3,000–10,000 MAH SEGMENT TO GROW AT HIGHEST CAGR FROM 2021 TO 2030
    4.4 MARKET IN APAC, BY INDUSTRY AND COUNTRY
           FIGURE 15 INDUSTRIAL SEGMENT AND CHINA TO HOLD LARGEST SHARES OF MARKET IN APAC IN 2030
    4.5 MARKET, BY INDUSTRY
           FIGURE 16 AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE OF MARKET IN 2030
    4.6 LITHIUM-ION BATTERY MARKET, BY COUNTRY
           FIGURE 17 MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2021 TO 2030

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Surging requirement for continuous power supply from critical infrastructures in wake of COVID-19
                    5.2.1.2 Increasing demand for plug-in vehicles
                               FIGURE 19 GLOBAL ELECTRIC PASSENGER CAR STOCK, 2010–2020
                    5.2.1.3 Growing need for battery-operated material-handling equipment in industries due to automation
                    5.2.1.4 Continued development of smart devices and other industrial goods
                    5.2.1.5 Growing adoption of lithium-ion batteries in renewable energy sector
                               FIGURE 20 IMPACT OF DRIVERS ON MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Safety issues related to storage and transportation of spent batteries
                               FIGURE 21 IMPACT OF RESTRAINTS ON MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Declining prices of lithium-ion batteries
                    5.2.3.2 Growing number of R&D initiatives by manufacturers for improvements in Li-ion batteries
                               FIGURE 22 IMPACT OF OPPORTUNITIES ON MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Disruptions in supply chain of batteries and related components caused by COVID-19
                    5.2.4.2 Overheating of lithium-ion batteries
                    5.2.4.3 High costs associated with battery-operated industrial vehicles
                    5.2.4.4 Aging of lithium-ion batteries
                               FIGURE 23 IMPACT OF CHALLENGES ON MARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 24 VALUE CHAIN ANALYSIS: MARKET
    5.4 ECOSYSTEM ANALYSIS
           FIGURE 25 BATTERY ECOSYSTEM
           TABLE 10 ECOSYSTEM: LITHIUM-ION BATTERY
    5.5 REVENUE SHIFT AND NEW REVENUE POCKETS FOR LITHIUM-ION BATTERY MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS
           TABLE 11 IMPACT OF EACH FORCE ON MARKET (2020)
    5.7 CASE STUDY ANALYSIS
           TABLE 12 COLLABORATION BETWEEN NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) LAUNCHED GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM
           TABLE 13 MARKET ASSESSMENT OF MEDICAL DEVICES USING PRINTED BATTERY
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 LITHIUM METAL BATTERY
           5.8.2 LITHIUM-SULFUR BATTERIES
           5.8.3 SODIUM-SULFUR BATTERIES
           5.8.4 COBALT-FREE BATTERIES
           5.8.5 METAL-AIR BATTERIES
           5.8.6 LIQUID METAL BATTERIES
           5.8.7 POTASSIUM METAL BATTERIES
           5.8.8 ZINC MANGANESE BATTERIES
           5.8.9 VANADIUM FLOW BATTERIES
           5.8.10 GOLD NANOWIRE GEL ELECTROLYTE BATTERIES
    5.9 PRICING ANALYSIS
           FIGURE 26 LITHIUM-ION BATTERY PRICE TREND, 2011 TO 2020
           FIGURE 27 BATTERY ENERGY STORAGE SYSTEM: COST BREAKDOWN
    5.10 TRADE ANALYSIS
           FIGURE 28 IMPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)
           FIGURE 29 EXPORT DATA, 2016–2020 (USD MILLION)
    5.11 PATENT ANALYSIS
                    FIGURE 30 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
                    TABLE 14 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
                    FIGURE 31 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2020
    5.12 TARIFF AND REGULATORY LANDSCAPE
           5.12.1 TARIFF LANDSCAPE
                    TABLE 15 TARIFF IMPOSED BY CHINA ON EXPORT OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2020
                    TABLE 16 TARIFF IMPOSED BY US ON EXPORT OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2020
                    TABLE 17 TARIFF IMPOSED BY GERMANY ON EXPORT OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2020
           5.12.2 REGULATORY LANDSCAPE
                    TABLE 18 REGULATIONS AND STANDARDS FOR BATTERIES

6 SHIFT IN LITHIUM-ION BATTERY MARKET POST COVID-19 (Page No. - 86)
    6.1 DISRUPTIONS IN INDUSTRY
           FIGURE 32 SHARE OF LITHIUM-ION BATTERY COMPONENTS IN CHINA (2019)
           FIGURE 33 GLOBAL LITHIUM CONSUMPTION IN KEY GEOGRAPHIES, 2019
           FIGURE 34 SHARE OF MAJOR LITHIUM-PRODUCING COMPANIES IN GLOBAL MARKET, 2019
    6.2 SUPPLY CHAIN CONSTRAINTS AND STRATEGIES UNDERTAKEN TO OVERCOME THEM
    6.3 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES

7 MATERIALS USED IN LITHIUM-ION BATTERIES (Page No. - 88)
    7.1 INTRODUCTION
           TABLE 19 LI-ION BATTERY: BATTERY MATERIALS
    7.2 CATHODE MATERIAL
           FIGURE 35 CHEMISTRY OF CATHODES
           7.2.1 CATHODE MATERIAL FOR LITHIUM-ION BATTERIES
                    7.2.1.1 Lithium iron phosphate (LFP)
                    7.2.1.2 Lithium iron 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 MATERIALS
           7.3.1 ANODE MATERIAL FOR LITHIUM-ION BATTERIES
                    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 MATERIALS
    7.6 CURRENT COLLECTOR MATERIALS
    7.7 OTHER MATERIALS

8 RESOURCES USED FOR LITHIUM-ION BATTERIES (Page No. - 93)
    8.1 INTRODUCTION
           FIGURE 36 END-USE APPLICATIONS OF LITHIUM
    8.2 PROVEN RESERVES
           FIGURE 37 RESERVE VS. PRODUCTION
           8.2.1 CHILE
           8.2.2 CHINA
           8.2.3 ARGENTINA
           8.2.4 AUSTRALIA
           8.2.5 OTHERS
    8.3 PRICING TREND
           FIGURE 38 LITHIUM PRICE PER METRIC TON, 2010–2018 (USD)
    8.4 COMPANIES EXPLORING LITHIUM
           FIGURE 39 TOP LITHIUM SUPPLIERS
           8.4.1 JIANGXI GANFENG LITHIUM
           8.4.2 TIANQI LITHIUM
           8.4.3 ALBEMARLE
           8.4.4 SQM
           8.4.5 LIVENT

9 LITHIUM-ION BATTERY MARKET, BY TYPE (Page No. - 98)
    9.1 INTRODUCTION
           FIGURE 40 MARKET, BY TYPE
           TABLE 20 MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 21 MARKET, BY TYPE, 2021–2030 (USD MILLION)
    9.2 LITHIUM NICKEL MANGANESE COBALT OXIDE (LI-NMC)
           9.2.1 HIGH ENERGY DENSITY BOOSTS DEMAND FOR NMC BATTERIES
           FIGURE 41 PERFORMANCE PARAMETERS: LI-NMC BATTERIES
           TABLE 22 LITHIUM NICKEL MANGANESE COBALT (LI-NMC) BATTERY MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 23 LITHIUM NICKEL MANGANESE COBALT (LI-NMC) BATTERY MARKET, BY INDUSTRY, 2021–2030 (USD MILLION)
           FIGURE 42 EUROPE TO HOLD LARGEST SIZE OF LITHIUM NICKEL MANGANESE COBALT BATTERY MARKET IN 2021
           TABLE 24 LITHIUM NICKEL MANGANESE COBALT (LI-NMC) BATTERY MARKET, BY REGION, 2017–2020 (USD MILLION)
           TABLE 25 LITHIUM NICKEL MANGANESE COBALT (LI-NMC) BATTERY MARKET, BY REGION, 2021–2030 (USD MILLION)
    9.3 LITHIUM IRON PHOSPHATE (LFP)
           9.3.1 EXCELLENT ELECTROCHEMICAL PERFORMANCE AND LOW RESISTANCE ATTRIBUTES BOOST ADOPTION OF LFP BATTERIES
                    FIGURE 43 PERFORMANCE PARAMETERS: LFP BATTERIES
                    TABLE 26 LITHIUM IRON PHOSPHATE (LFP) BATTERY MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 27 LITHIUM IRON PHOSPHATE (LFP) BATTERY MARKET, BY INDUSTRY, 2021–2030 (USD MILLION)
                    TABLE 28 LITHIUM IRON PHOSPHATE (LFP) BATTERY MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 29 LITHIUM IRON PHOSPHATE (LFP) BATTERY MARKET, BY REGION, 2021–2030 (USD MILLION)
    9.4 LITHIUM COBALT OXIDE (LCO)
           9.4.1 LCO BATTERIES ARE MAINLY USED IN CONSUMER ELECTRONICS
                    FIGURE 44 PERFORMANCE PARAMETERS: LCO BATTERIES
                    TABLE 30 LITHIUM COBALT OXIDE (LCO) BATTERY MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 31 LITHIUM COBALT OXIDE (LCO) BATTERY MARKET, BY INDUSTRY, 2021–2030 (USD MILLION)
                    TABLE 32 LITHIUM COBALT OXIDE (LCO) BATTERY MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 33 LITHIUM COBALT OXIDE (LCO) BATTERY MARKET, BY REGION, 2021–2030 (USD MILLION)
    9.5 LITHIUM TITANATE OXIDE (LTO)
           9.5.1 LONGER LIFECYCLE THAN OTHER LI-ION BATTERY TYPES MAKES LTO BATTERIES SUITABLE FOR ELECTRIC VEHICLES
                    FIGURE 45 PERFORMANCE PARAMETERS: LTO BATTERIES
                    TABLE 34 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    FIGURE 46 AUTOMOTIVE SEGMENT IS EXPECTED TO GROW AT HIGHEST CAGR IN LITHIUM TITANATE OXIDE BATTERY MARKET
                    TABLE 35 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY INDUSTRY, 2021–2030 (USD MILLION)
                    TABLE 36 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 37 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2021–2030 (USD MILLION)
    9.6 LITHIUM MANGANESE OXIDE (LMO)
           9.6.1 HIGHER TEMPERATURE STABILITY FUEL DEMAND FOR LMO BATTERIES
                    FIGURE 47 PERFORMANCE PARAMETERS: LMO BATTERIES
                    TABLE 38 LITHIUM MANGANESE OXIDE (LMO) BATTERY MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 39 LITHIUM MANGANESE OXIDE (LMO) BATTERY MARKET, BY INDUSTRY, 2021–2030 (USD MILLION)
                    TABLE 40 LITHIUM MANGANESE OXIDE (LMO) BATTERY MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 41 LITHIUM MANGANESE OXIDE (LMO) BATTERY MARKET, BY REGION, 2021–2030 (USD MILLION)
    9.7 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA)
           9.7.1 HIGH ENERGY DENSITY OF NCA BATTERIES INCREASES DEMAND IN AUTOMOTIVE INDUSTRY
                    FIGURE 48 PERFORMANCE PARAMETERS: NCA BATTERIES
                    TABLE 42 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA) BATTERY MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 43 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA) BATTERY MARKET, BY INDUSTRY, 2021–2030 (USD MILLION)
                    FIGURE 49 APAC TO HOLD LARGEST SIZE OF NCA BATTERY MARKET DURING FORECAST PERIOD
                    TABLE 44 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA) BATTERY MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 45 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA) BATTERY MARKET, BY REGION, 2021–2030 (USD MILLION)

10 LITHIUM-ION BATTERY MARKET, BY PRODUCT (Page No. - 114)
     10.1 INTRODUCTION
               FIGURE 50 TYPES OF LITHIUM-ION BATTERY PRODUCTS
     10.2 CELLS
             10.2.1 LOW WEIGHT AND EASY INSTALLATION CREATE DEMAND FOR CELL TYPE LITHIUM-ION BATTERIES IN CONSUMER ELECTRONICS INDUSTRY
     10.3 BATTERY PACKS
             10.3.1 BATTERY PACKS ARE USED IN APPLICATIONS REQUIRING HIGH ENERGY DENSITY

11 LITHIUM-ION BATTERY MARKET, BY CAPACITY (Page No. - 116)
     11.1 INTRODUCTION
               FIGURE 51 MARKET, BY CAPACITY
               TABLE 46 MARKET, BY CAPACITY, 2017–2020 (USD MILLION)
               TABLE 47 MARKET, BY CAPACITY, 2021–2030 (USD MILLION)
     11.2 0 TO 3,000 MAH
             11.2.1 BATTERIES THAT PROVIDE CAPACITY OF UP TO 3,000 MAH ARE SUITABLE FOR A VARIETY OF APPLICATIONS
                       FIGURE 52 0–3,000 MAH BATTERY MARKET FOR POWER SEGMENT IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                       TABLE 48 0–3,000 MAH MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 49 0–3,000 MAH MARKET, BY INDUSTRY, 2021–2030 (USD MILLION)
     11.3 3,000 TO 10,000 MAH
             11.3.1 BATTERIES HAVING CAPACITY FROM 3,000 TO 10,000 MAH ARE MAJORLY USED IN APPLICATIONS WITH HEAVY POWER DENSITY REQUIREMENTS
                       TABLE 50 3,000–10,000 MAH LITHIUM-ION BATTERY, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 51 3,000–10,000 MAH LITHIUM-ION BATTERY, BY INDUSTRY, 2021–2030 (USD MILLION)
     11.4 10,000 TO 60,000 MAH
             11.4.1 BATTERIES HAVING CAPACITY ABOVE 10,000 MAH ARE IDEAL FOR HIGH-POWER APPLICATIONS
                       TABLE 52 10,000–60,000 MAH LITHIUM-ION BATTERY, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 53 10,000–60,000 MAH LITHIUM-ION BATTERY, BY INDUSTRY, 2021–2030 (USD MILLION)
     11.5 60,000 MAH AND ABOVE
             11.5.1 LITHIUM-ION BATTERIES HAVING CAPACITY ABOVE 60,000 MAH ARE USED FOR POWERING HEAVY ELECTRIC VEHICLES
                       FIGURE 53 POWER SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF ABOVE 60,000 MAH BATTERY MARKET DURING FORECAST PERIOD
                       TABLE 54 ABOVE 60,000 MAH LITHIUM-ION BATTERY, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 55 ABOVE 60,000 MAH LITHIUM-ION BATTERY, BY INDUSTRY, 2021–2030 (USD MILLION)

12 LITHIUM-ION BATTERY MARKET, BY VOLTAGE (Page No. - 126)
     12.1 INTRODUCTION
               FIGURE 54 MARKET, BY VOLTAGE
               TABLE 56 MARKET, BY VOLTAGE, 2017–2020 (USD MILLION)
               TABLE 57 MARKET, BY VOLTAGE, 2021–2030 (USD MILLION)
     12.2 LOW (BELOW 12V)
             12.2.1 CONSUMER ELECTRONICS INDUSTRY IS LARGEST ADOPTER OF LITHIUM-ION BATTERIES BELOW 12V
     12.3 MEDIUM (12V–36V)
             12.3.1 EXCELLENT OPTION FOR TROLLING MOTORS, OTHER MARINE APPLICATIONS, AND DEEP-CYCLE APPLICATIONS
     12.4 HIGH (ABOVE 36V)
             12.4.1 HIGH-VOLTAGE LITHIUM-ION BATTERIES OFFER HIGHER POWER, LONGER LIFE, AND MORE SAFETY THAN LEAD-ACID BATTERIES

13 LITHIUM-ION BATTERY MARKET, BY INDUSTRY (Page No. - 129)
     13.1 INTRODUCTION
               FIGURE 55 MARKET, BY INDUSTRY
               TABLE 58 MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 59 MARKET, BY INDUSTRY, 2021–2030 (USD MILLION)
     13.2 CONSUMER ELECTRONICS
               FIGURE 56 COMPARISON OF BATTERIES WITH RESPECT TO CHARACTERISTICS
             13.2.1 SMARTPHONES
                       13.2.1.1 Lightweight and high-density lithium-ion batteries are ideal power source for complex smartphone devices
             13.2.2 UPS
                       13.2.2.1 Longer runtime and faster recharge time make lithium-ion batteries suitable for UPS systems
             13.2.3 LAPTOPS
                       13.2.3.1 Lithium-ion batteries for laptops are low maintenance, do not require scheduled cycling, and display no memory effect
             13.2.4 OTHERS (GAMES, GARDENING TOOLS, AND DRILLING)
                       TABLE 60 MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 61 MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 62 MARKET FOR CONSUMER ELECTRONICS, BY VOLTAGE, 2017–2020 (USD MILLION)
                       TABLE 63 MARKET FOR CONSUMER ELECTRONICS, BY VOLTAGE, 2021–2030 (USD MILLION)
                       TABLE 64 MARKET FOR CONSUMER ELECTRONICS, BY CAPACITY, 2017–2020 (USD MILLION)
                       TABLE 65 MARKET FOR CONSUMER ELECTRONICS, BY CAPACITY, 2021–2030 (USD MILLION)
                       TABLE 66 MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 67 MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2021–2030 (USD MILLION)
     13.3 AUTOMOTIVE
               TABLE 68 LITHIUM-ION BATTERY CONFIGURATIONS ACROSS AUTO APPLICATIONS
             13.3.1 BATTERY ELECTRIC VEHICLES
         &nbnbsp;             13.3.1.1 Lithium-ion batteries provide high power density and high thermal stability to battery electric vehicle
             13.3.2 PLUG-IN HYBRID ELECTRIC VEHICLES
                       13.3.2.1 LTO, LFP, and NMC variants of lithium-ion batteries are mainly used in hybrid electric vehicles
                                   TABLE 69 MARKET FOR AUTOMOTIVE, IN TERMS OF VALUE AND VOLUME, 2017–2020
                                   TABLE 70 MARKET FOR AUTOMOTIVE, IN TERMS OF VALUE AND VOLUME, 2021–2030
                                   TABLE 71 MARKET FOR AUTOMOTIVE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 72 MARKET FOR AUTOMOTIVE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 73 MARKET FOR AUTOMOTIVE, BY VOLTAGE, 2017–2020 (USD MILLION)
                                   TABLE 74 MARKET FOR AUTOMOTIVE, BY VOLTAGE, 2021–2030 (USD MILLION)
                                   TABLE 75 MARKET FOR AUTOMOTIVE, BY CAPACITY, 2017–2020 (USD MILLION)
                                   TABLE 76 MARKET FOR AUTOMOTIVE, BY CAPACITY, 2021–2030 (USD MILLION)
                                   TABLE 77 MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 78 MARKET FOR AUTOMOTIVE, BY REGION, 2021–2030 (USD MILLION)
     13.4 AEROSPACE
             13.4.1 COMMERCIAL AIRCRAFT
                       13.4.1.1 Adoption by leading players such as Boeing and Airbus creates positive environment for lithium-ion batteries
                                   TABLE 79 MARKET FOR AEROSPACE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 80 MARKET FOR AEROSPACE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 81 MARKET FOR AEROSPACE, BY VOLTAGE, 2017–2020 (USD MILLION)
                                   TABLE 82 MARKET FOR AEROSPACE, BY VOLTAGE, 2021–2030 (USD MILLION)
                                   TABLE 83 MARKET FOR AEROSPACE, BY CAPACITY, 2017–2020 (USD MILLION)
                                   TABLE 84 MARKET FOR AEROSPACE, BY CAPACITY, 2021–2030 (USD MILLION)
                                   TABLE 85 MARKET FOR AEROSPACE, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 86 MARKET FOR AEROSPACE, BY REGION, 2021–2030 (USD MILLION)
     13.5 MARINE
             13.5.1 COMMERCIAL
                       13.5.1.1 Ability to deliver power supply for longer durations make lithium-ion batteries suitable for commercial ships
             13.5.2 TOURISM
                       13.5.2.1 High energy density and no risk of fire or explosion make lithium-ion batteries popular among electric boat manufacturers
                                   TABLE 87 MARKET FOR MARINE, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 88 MARKET FOR MARINE, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 89 MARKET FOR MARINE, BY VOLTAGE, 2017–2020 (USD MILLION)
                                   TABLE 90 MARKET FOR MARINE, BY VOLTAGE, 2021–2030 (USD MILLION)
                                   TABLE 91 MARKET FOR MARINE, BY CAPACITY, 2017–2020 (USD MILLION)
                                   TABLE 92 MARKET FOR MARINE, BY CAPACITY, 2021–2030 (USD MILLION)
                                   TABLE 93 MARKET FOR MARINE, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 94 MARKET FOR MARINE, BY REGION, 2021–2030 (USD MILLION)
     13.6 MEDICAL
             13.6.1 LOW SELF-DISCHARGE AND LIGHT WEIGHT MAKE LITHIUM-ION BATTERIES IDEAL FOR USE IN MEDICAL DEVICES
                       TABLE 95 MARKET FOR MEDICAL, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 96 MARKET FOR MEDICAL, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 97 MARKET FOR MEDICAL, BY VOLTAGE, 2017–2020 (USD MILLION)
                       TABLE 98 MARKET FOR MEDICAL, BY VOLTAGE, 2021–2030 (USD MILLION)
                       TABLE 99 MARKET FOR MEDICAL, BY CAPACITY, 2017–2020 (USD MILLION)
                       TABLE 100 MARKET FOR MEDICAL, BY CAPACITY, 2021–2030 (USD MILLION)
                       TABLE 101 FOR MEDICAL, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 102 MARKET FOR MEDICAL, BY REGION, 2021–2030 (USD MILLION)
     13.7 INDUSTRIAL
             13.7.1 MINING EQUIPMENT
                       13.7.1.1 Safety concerns will increase demand for lithium-ion battery-based mining equipment
             13.7.2 CONSTRUCTION EQUIPMENT
                       13.7.2.1 Advancements in lithium-ion battery technology are improving performance and efficiency of construction equipment
             13.7.3 FORKLIFTS, AUTOMATED GUIDED VEHICLES (AGV), AND AUTOMATED MOBILE ROBOTS (AMR)
                       13.7.3.1 High energy density makes lithium-ion batteries best choice for AGVs and AMRs
                                   TABLE 103 MARKET FOR INDUSTRIAL, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 104 MARKET FOR INDUSTRIAL, BY TYPE, 2021–2030 (USD MILLION)
                                   TABLE 105 MARKET FOR INDUSTRIAL, BY VOLTAGE, 2017–2020 (USD MILLION)
                                   TABLE 106 MARKET FOR INDUSTRIAL, BY VOLTAGE, 2021–2030 (USD MILLION)
                                   TABLE 107 MARKET FOR INDUSTRIAL, BY CAPACITY, 2017–2020 (USD MILLION)
                                   TABLE 108 MARKET FOR INDUSTRIAL, BY CAPACITY, 2021–2030 (USD MILLION)
                                   TABLE 109 MARKET FOR INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 110 MARKET FOR INDUSTRIAL, BY REGION, 2021–2030 (USD MILLION)
     13.8 POWER
             13.8.1 ADOPTION IN SMART GRIDS TO DRIVE LITHIUM-ION BATTERY MARKET GROWTH
                       TABLE 111 MARKET FOR POWER, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 112 MARKET FOR POWER, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 113 MARKET FOR POWER, BY VOLTAGE, 2017–2020 (USD MILLION)
                       TABLE 114 MARKET FOR POWER, BY VOLTAGE, 2021–2030 (USD MILLION)
                       TABLE 115 MARKET FOR POWER, BY CAPACITY, 2017–2020 (USD MILLION)
                       TABLE 116 MARKET FOR POWER, BY CAPACITY, 2021–2030 (USD MILLION)
                       TABLE 117 MARKET FOR POWER, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 118 MARKET FOR POWER, BY REGION, 2021–2030 (USD MILLION)
     13.9 TELECOMMUNICATIONS
             13.9.1 LITHIUM-ION BATTERIES PROVIDE OUTSTANDING CYCLIC LIFE, EXCELLENT CHARGE ACCEPTANCE, AND REMOTE MONITORING FOR TELECOM APPLICATIONS
                       TABLE 119 MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 120 MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2021–2030 (USD MILLION)
                       TABLE 121 MARKET FOR TELECOMMUNICATIONS, BY VOLTAGE, 2017–2020 (USD MILLION)
                       TABLE 122 MARKET FOR TELECOMMUNICATIONS, BY VOLTAGE, 2021–2030 (USD MILLION)
                       TABLE 123 MARKET FOR TELECOMMUNICATIONS, BY CAPACITY, 2017–2020 (USD MILLION)
                       TABLE 124 MARKET FOR TELECOMMUNICATIONS, BY CAPACITY, 2021–2030 (USD MILLION)
                       TABLE 125 MARKET FOR TELECOMMUNICATIONS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 126 MARKET FOR TELECOMMUNICATIONS, BY REGION, 2021–2030 (USD MILLION)

14 LITHIUM-ION BATTERY MARKET, BY REGION (Page No. - 162)
     14.1 INTRODUCTION
               FIGURE 57 GEOGRAPHIC SNAPSHOT: LITHIUM-ION BATTERY MARKET EXHIBITED HIGHEST GROWTH IN CHINA IN 2020
               TABLE 127 MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 128 MARKET, BY REGION, 2021–2030 (USD MILLION)
     14.2 NORTH AMERICA
               FIGURE 58 SNAPSHOT: MARKET IN NORTH AMERICA
               TABLE 129 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 130 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2030 (USD MILLION)
               TABLE 131 MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 132 MARKET IN NORTH AMERICA, BY TYPE, 2021–2030 (USD MILLION)
               TABLE 133 MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 134 MARKET IN NORTH AMERICA, BY INDUSTRY, 2021–2030 (USD MILLION)
             14.2.1 US
                       14.2.1.1 Automotive industry and power sector to substantiate lithium-ion battery market growth in US
             14.2.2 CANADA
                       14.2.2.1 Market in Canada expected to grow at highest CAGR during forecast period
             14.2.3 MEXICO
                       14.2.3.1 Demand from manufacturing industries to sustain lithium-ion battery market growth in Mexico
     14.3 EUROPE
               TABLE 135 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 136 MARKET IN EUROPE, BY COUNTRY, 2021–2030 (USD MILLION)
               TABLE 137 MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 138 MARKET IN EUROPE, BY TYPE, 2021–2030 (USD MILLION)
               TABLE 139 MARKET IN EUROPE, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 140 MARKET IN EUROPE, BY INDUSTRY, 2021–2030 (USD MILLION)
             14.3.1 GERMANY
                       14.3.1.1 Presence of key battery and electric vehicle manufacturers boost market growth in Germany
             14.3.2 UK
                       14.3.2.1 Government initiatives for growth of EV industry will support market growth
             14.3.3 NETHERLANDS
                       14.3.3.1 Flourishing EV industry will support growth of lithium-ion battery market in Netherlands
             14.3.4 NORWAY
                       14.3.4.1 Increasing sales of EVs create lucrative opportunities for market
             14.3.5 REST OF EUROPE
     14.4 ASIA PACIFIC
               FIGURE 59 SNAPSHOT: LITHIUM-ION BATTERY MARKET IN APAC
               TABLE 141 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 142 MARKET IN APAC, BY COUNTRY, 2021–2030 (USD MILLION)
               TABLE 143 MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 144 MARKET IN APAC, BY TYPE, 2021–2030 (USD MILLION)
               TABLE 145 MARKET IN APAC, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 146 MARKET IN APAC, BY INDUSTRY, 2021–2030 (USD MILLION)
             14.4.1 CHINA
                       14.4.1.1 China accounts for largest share of market in APAC
             14.4.2 JAPAN
                       14.4.2.1 Expansion of R&D resources by battery giants supporting growth of market
             14.4.3 INDIA
                       14.4.3.1 Growing adoption of electric transport expected to drive market
             14.4.4 REST OF APAC
     14.5 REST OF WORLD (ROW)
               TABLE 147 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
               TABLE 148 MARKET IN ROW, BY REGION, 2021–2030 (USD MILLION)
               TABLE 149 MARKET IN ROW, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 150 MARKET IN ROW, BY TYPE, 2021–2030 (USD MILLION)
               TABLE 151 MARKET IN ROW, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 152 MARKET IN ROW, BY INDUSTRY, 2021–2030 (USD MILLION)
             14.5.1 MIDDLE EAST & AFRICA
                       14.5.1.1 Growing investments in advanced technologies for generating green and renewable energy sources to strengthen market Middle East
             14.5.2 SOUTH AMERICA
                       14.5.2.1 Investment in mining sector and huge lithium reserves contributing to growth of the market

15 COMPETITIVE LANDSCAPE (Page No. - 184)
     15.1 OVERVIEW
     15.2 TOP 4 COMPANY REVENUE ANALYSIS
               FIGURE 60 LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS OF TOP 4 PLAYERS, 2016–2020
     15.3 MARKET SHARE ANALYSIS, 2020
               TABLE 153 MARKET: MARKET SHARE ANALYSIS (2020)
     15.4 COMPETITIVE LEADERSHIP MAPPING
             15.4.1 STAR
             15.4.2 EMERGING LEADER
             15.4.3 PERVASIVE
             15.4.4 PARTICIPANT
                       FIGURE 61 MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     15.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION MATRIX, 2020
             15.5.1 PROGRESSIVE COMPANY
             15.5.2 RESPONSIVE COMPANY
             15.5.3 DYNAMIC COMPANY
             15.5.4 STARTING BLOCK
                       FIGURE 62 MARKET (GLOBAL), SME EVALUATION MATRIX, 2020
     15.6 LITHIUM-ION BATTERY MARKET: PRODUCT FOOTPRINT
               TABLE 154 COMPANY FOOTPRINT
               FIGURE 63 INDUSTRY FOOTPRINT OF COMPANIES
               TABLE 155 REGIONAL FOOTPRINT OF COMPANIES
     15.7 COMPETITIVE SITUATIONS AND TRENDS
             15.7.1 MARKET: PRODUCT LAUNCHES, NOVEMBER 2019–DECEMBER 2020
             15.7.2 MARKET: DEALS, MAY 2019– JANUARY 2021

16 COMPANY PROFILES (Page No. - 195)
     16.1 INTRODUCTION
             16.1.1 IMPACT OF COVID-19 ON LITHIUM-ION BATTERY MARKET
     16.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
             16.2.1 BYD COMPANY
                       FIGURE 64 BYD COMPANY: COMPANY SNAPSHOT
             16.2.2 LG CHEM
                       FIGURE 65 LG CHEM: COMPANY SNAPSHOT
             16.2.3 SAMSUNG SDI
                       FIGURE 66 SAMSUNG SDI: COMPANY SNAPSHOT
             16.2.4 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. (CATL)
                       FIGURE 67 CATL: COMPANY SNAPSHOT
             16.2.5 PANASONIC CORPORATION
                       FIGURE 68 PANASONIC CORPORATION: COMPANY SNAPSHOT
             16.2.6 BAK POWER
             16.2.7 GS YUASA CORPORATION
                       FIGURE 69 GS YUASA CORPORATION: COMPANY SNAPSHOT
             16.2.8 HITACHI
                       FIGURE 70 HITACHI: COMPANY SNAPSHOT
             16.2.9 CLARIOS
             16.2.10 TOSHIBA
                       FIGURE 71 TOSHIBA: COMPANY SNAPSHOT
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     16.3 OTHER PROMINENT PLAYERS
             16.3.1 CALB
             16.3.2 TESLA
             16.3.3 LITHIUM WERKS
             16.3.4 SAFT GROUPE
             16.3.5 VARTA AG
             16.3.6 FARASIS ENERGY
             16.3.7 SILA NANOTECHNOLOGIES
             16.3.8 AMPEREX TECHNOLOGY LIMITED (ATL)
             16.3.9 ENVISION AESC SDI CO. LTD.
             16.3.10 GUOXUAN HIGH-TECH CO., LTD.
             16.3.11 LITHIUM ENERGY JAPAN
             16.3.12 ENERDEL
             16.3.13 CORVUS ENERGY
             16.3.14 IPOWER BATTERIES PVT. LTD.
             16.3.15 NEXTERA ENERGY

17 APPENDIX (Page No. - 240)
     17.1 INSIGHTS OF INDUSTRY EXPERTS
     17.2 DISCUSSION GUIDE
     17.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.4 AVAILABLE CUSTOMIZATIONS
     17.5 RELATED REPORTS
     17.6 AUTHOR DETAILS

The study involves four major activities for estimating the size of the lithium-ion battery market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the lithium-ion battery market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources referred to in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data has been collected and analyzed to arrive at the overall market size estimations, which have been further validated by primary research.

Primary Research

In the primary research process, a number of primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information pertaining to this report. Several primary interviews have been conducted with market experts from both demand and supply sides (Lithium-ion battery manufacturers and distributors). This primary data has been collected through questionnaires, emails, and telephonic interviews. Approximately 20% of the primary interviews have been conducted with the demand side and 80% with the supply side. This primary data has been collected mainly through telephonic interviews, which accounted for 80% of the total primary interviews. Additionally, questionnaires and emails were used to collect the data.

Lithium-Ion Battery Market  Size, and Share

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

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the lithium-ion battery market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value and volume, have been determined through primary and secondary research.
  • 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, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To define and forecast the size of the lithium-ion battery market, by type, capacity, voltage, and industry, in terms of value
  • To describe and forecast the size of the lithium-ion battery market in 4 key regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their respective country-level market sizes
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market size
  • To study the complete value chain of the lithium-ion battery market
  • To provide a detailed impact of the COVID-19 pandemic on the lithium-ion battery market
  • To analyze the impact of COVID-19 on the market segments and players operating in the lithium-ion battery market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the lithium-ion battery ecosystem
  • To strategically profile the key players and comprehensively analyze their market positions in terms of their rankings and core competencies, and provide a detailed overview of the competitive landscape
  • To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the lithium-ion battery market

Available Customizations:

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

  • Detailed analysis and profiling of additional market players (Up to 5)
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