Lithium-ion Battery Market

Lithium-ion Battery Market by Type (Lithium Nickel Manganese Cobalt Oxide (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO)), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Aerospace) – Global Forecast to 2031

Report Code: SE 4967 Sep, 2022, by marketsandmarkets.com

The global lithium-ion battery market size is estimated to be USD 44.5 billion in 2022 and projected to reach USD 135.1 billion by 2031, at a CAGR of 13.1%.

The higher adoption of lithium-ion battery in renewable energy sector and plug-in vehicles is driving the growth of the lithium-ion battery market. Moreover, advancement in lithium-ion battery which has increased the focus on R & D and rising adoption of lithium-ion batteries in various new applications due to decline in the prices is also expected to drive the growth of the market in the near future.

Lithium-ion Battery Market

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Lithium-ion Battery Market Segment Overview

Lithium cobalt oxide were the most extensively used lithium-ion battery in the market in 2021

The lithium cobalt oxide segment holds the largest share of the lithium-ion battery market in 2021 and is expected to hold significant share during the forecast period.

These batteries are highly utilised in portable electronic devices, personal computers, digital cameras, and various other electronics product in consumer electronics industry which is major adopter of lithium-ion battery. These batteries are also utilized for various other applications such as automobiles and stationary application such telecom tower and home inverter where uninterrupted power supply is needed, which in turn, is driving its adoption and thus fueling the growth of the market.

3,000 – 10,000 mAh segment to hold highest growth rate during the forecast period

The 3,000–10,000 mAh segment is expected to grow at the highest CAGR during the forecast period as these batteries are utilized across a majority of industries such as consumer electronics, electric vehicles, power tools, and aerospace.

 These batteries are often grouped together to form modules, and these modules are used in applications requiring heavy loads. A battery energy storage system with a high capacity and a low power rating delivers a low amount of electricity for a long time and is sufficient to run a few crucial appliances.

Medium (12V – 36V) segment to hold second-largest share of lithium-ion battery market in 2021

The medium (12V–36V) segment hold second-largest share in 2021 and is expected to grow at the significant CAGR from 2022 to 2031. These batteries are preferred over other variants as they provide the highest energy density with the lightest weight possible. They are installed in electric vehicles and solar energy systems and marine, military, telecom, trolling motors, and deep-cycle applications.

Power industry is expected to hold the largest CAGR of lithium-ion battery market during the forecast period

The power industry of the market is expected to grow at the highest CAGR from 2022 to 2031. The need to fulfil requirements for peak electricity demand is the major factor contributing to the growth of the segment.

The flexibility offered by these batteries to the grid in terms of energy storage helps deal with fluctuations associated with renewable energy sources such as solar and wind, which is increasing the adoption of lithium-ion battery energy storage systems. They provide frequency and voltage control in case of sudden fluctuations in energy supply.

Europe hold the second-largest share of lithium-ion battery market in 2021

Germany dominated the lithium-ion battery market in Europe in 2021. It is among the top automobile-manufacturing countries in Europe, which is another factor fueling the growth of the lithium-ion battery market in the region.

Over the past few years, the governments of different countries in the European region have been intensively supporting and investing in research & development (R&D) activities in the power segment. The demand for lithium-ion batteries in the European region is growing rapidly due to the increasing automobile manufacturing, growing need for energy storage solutions, rising use of electric vehicles due to environmental concerns, and massive investments in lithium-ion battery research projects.

Lithium-ion Battery Market by Region

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Top 5 Key Market Players in Lithium-ion Battery Market 

  • LG Chem (South Korea),
  • SAMSUNG SDI CO. LTD. (South Korea),
  • Contemporary Amperex Technology Co., Limited. (China),
  • BYD Company Ltd. (China),
  • Panasonic Holding Corporation (Japan).

Lithium-ion Battery Market Scope

Report Metric

Details

Market Size Available for Years

2018–2031

Base Year

2021

Forecast Period

2022–2031

Units

Value (USD Million/Billion)

Segments Covered

Material, Product Type, Type, Capacity, Voltage, and Industry

Geographic Regions Covered

North America, Europe, Asia Pacific, and Rest of the World

Companies Covered

Major Players: LG Chem (South Korea), SAMSUNG SDI CO. LTD. (South Korea), Contemporary Amperex Technology Co., Limited. (China), BYD Company Ltd. (China), Panasonic Holdings Corporation (Japan), BAK Power Battery Co., Ltd. (China), Hitachi Ltd. (Japan), among others - total 25 players have been covered

Lithium-ion Battery Market Dynamics

DRIVERS: Growing adoption in plug-in vehicles

Lithium-ion batteries are a source of power for electric vehicles. The widespread use of electric vehicles and plug-in hybrid electric vehicles has boosted the adoption of lithium-ion batteries, which is expected to increase further in future.

The rising adoption of electric vehicles among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles. The number of automobile companies involved in the development of new and improved electric vehicles has also increased. For instance, Tesla Motors, Inc. (US) is one of the leading manufacturers of high-power electric vehicles 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) are also involved in the production of electric vehicles.

RESTRAINT: Increasing concern in transportation and storage of spent batteries

Spent batteries contain hazardous chemicals including acids and heavy metals such as mercury and lead. According to the Environmental Protection Agency Report published in July 2021, there have been 254 fire incidents at 64 waste facilities due to lithium metal or lithium-ion batteries. 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.

OPPORTUNITIES: Increasing R&D for advancements

Research & development is undertaken by various manufacturers to develop durable and safer lithium-ion batteries. As the world is moving toward adopting clean energy, there has been a significant increase in the R&D initiatives undertaken by battery manufacturers for developing different battery chemistries.

For instance, major players such as Amprius Inc. (US) and Nexeon Corporation (UK) are undertaking the development of silicon anode batteries with enhanced features. These advanced silicon anode batteries are expected to be adopted diversely in the coming years. Tesla (US) and Panasonic Corporation (Japan) are undertaking research & development activities in silicon anode and lithium-air batteries to power electric vehicles.

CHALLENGES: Excessive heating of batteries

Lithium-ion batteries are used in consumer electronics, automobiles, electrical systems, commercial aviation, automated guided vehicle, forklifts, pallet trucks, and material-handling equipment.

While lithium-ion batteries can store relatively large amounts of energy in small spaces, they tend to heat up quickly and may catch fire in case of any malfunction. Overheating of lithium-ion batteries take places due to high-rate discharge or abnormal rate of discharge such as short circuit. For instance, in September 2021, the Moss Landing Energy storage facility in California knocked offline after the overheating of lithium-ion batteries.

Lithium-ion Battery Market Categorization

This research report segments the lithium-ion battery market based on material, product type, type, capacity, voltage, industry, and region.

By Material

  • Cathode Material
    • Cathode Material for Lithium-Ion Batteries
      • Lithium iron phosphate
      • Lithium iron cobalt oxide
      • Lithium nickel manganese cobalt
      • Lithium nickel cobalt aluminum
      • Lithium manganese oxide
  • Anode Materials
    • Anode Material for Lithium-Ion Batteries
      • Natural graphite
      • Artificial graphite
      • Another anode material
  • Electrolyte Material
  • Separator Material
  • Current collector Materials
  • Other Materials

By Product Type

  • Components of Lithium-ion Battery
    • Cells
    • Battery Packs
  • Portability
    • Stationary
    • Portable

By Type

  • Lithium Nickel Manganese Cobalt oxide
  • Lithium Iron Phosphate
  • Lithium Cobalt Oxide
  • Lithium Titanate Oxide
  • Lithium Manganese Oxide
  • Lithium Nickel Cobalt Aluminum Oxide

By Capacity

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

By Voltage

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

By Industry

  • Consumer Electronics
    • Smartphones
    • UPS
    • Laptops
    • Others
  • Automotive
    • Plug-in Hybrid Vehicles
  • Aerospace
    • Commercial Aircraft
  • Marine
    • Commercial
    • Tourism
  • Medical
  • Industrial
    • Mining Equipment
    • Construction Equipment
    • Forklifts, automated guided vehicles (AGV), and automated mobile robots (AMR)
  • Power
  • Telecommunications

By Region

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

Recent Developments

  • In February 2022, Panasonic Holdings Corporation is going to establish a production facility in Wakayama Factory in western Japan to manufacture new "4680" lithium-ion batteries for electric vehicles to expand its business globally. Productivity verification and mass production are likely to begin from the end of the fiscal year 2024.
  • In October 2021, LG Energy Solution, a subsidiary operated by LG Chem, entered a memorandum of understanding with Stellantis N.V. to form a joint venture to produce battery cells and modules for North America. This joint venture will help Stellantis N.V. goal to achieve a 40% market share in the US comprising electrified vehicles by 2030. The batteries produced in this plant will be supplied to assembly plants of Stellantis N.V. in the US, Canada, and Mexico for installation in next-generation electric vehicles.
  • In January 2021, BYD Company Ltd. has a partnership with Chinese lithium-ion recycling start-up Pandpower Co., Ltd., and Japanese trading house Itochu for transformation of old batteries into energy storage systems. Old battery packs from buses, taxis, and other vehicles are collected from BYD Company Ltd. dealerships across China, and these are converted into a ship-container-sized power units for renewable energy and factories.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET 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 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 UNITS CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 38)
    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 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY-SIDE): REVENUE GENERATED THROUGH SALES OF PRODUCTS/SOLUTIONS/ SERVICES PERTAINING TO LITHIUM-ION BATTERIES
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size using bottom-up analysis
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.2 Approach for capturing market sizing using top-down analysis
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 LITHIUM-ION BATTERY MARKET: DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 7 LITHIUM COBALT OXIDE SEGMENT TO LEAD IN 2022
    FIGURE 8 3,000-10,000 MAH SEGMENT TO GROW AT HIGHEST CAGR
    FIGURE 9 HIGH (ABOVE 36 V) VOLTAGE SEGMENT TO DOMINATE
    FIGURE 10 POWER SEGMENT TO GROW AT HIGHEST CAGR
    FIGURE 11 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES IN LITHIUM-ION BATTERY MARKET
           FIGURE 12 ADOPTION OF ELECTRIC VEHICLES TO FUEL GROWTH IN ASIA PACIFIC
    4.2 LITHIUM-ION BATTERY MARKET, BY TYPE
           FIGURE 13 LITHIUM NICKEL MANGANESE COBALT OXIDE SEGMENT TO GROW AT HIGHEST CAGR
    4.3 LITHIUM-ION BATTERY MARKET, BY CAPACITY
           FIGURE 14 10,000-60,000 MAH SEGMENT TO LEAD MARKET
    4.4 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
           FIGURE 15 HIGH VOLTAGE (ABOVE 36) TO ACCOUNT FOR LARGEST SHARE
    4.5 LITHIUM-ION BATTERY MARKET, BY INDUSTRY
           FIGURE 16 POWER SEGMENT TO GROW AT HIGHEST CAGR
    4.6 LITHIUM-ION BATTERY MARKET, BY REGION
           FIGURE 17 ASIA PACIFIC TO LEAD MARKET

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 GLOBAL LITHIUM-ION BATTERY MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing adoption in plug-in vehicles
                               FIGURE 19 GLOBAL ELECTRIC CAR STOCK, 2010–2021
                    5.2.1.2 Requirement of battery-operated material-handling equipment
                    5.2.1.3 Advancements in smart electronic devices
                    5.2.1.4 Adoption in renewable energy sector
                               FIGURE 20 IMPACT OF DRIVERS ON LITHIUM-ION BATTERY MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing concerns in transportation and storage of spent batteries
                               FIGURE 21 IMPACT OF RESTRAINTS ON LITHIUM-ION BATTERY MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption in new applications due to decreasing prices
                    5.2.3.2 Increasing R&D for advancements
                               FIGURE 22 IMPACT OF OPPORTUNITIES ON LITHIUM-ION BATTERY MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Excessive heating of batteries
                    5.2.4.2 Increasing cost of battery-operated industrial vehicles
                    5.2.4.3 Aging lithium-ion batteries
                               FIGURE 23 IMPACT OF CHALLENGES ON LITHIUM-ION BATTERY MARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 24 VALUE CHAIN ANALYSIS: LITHIUM-ION BATTERY MARKET
    5.4 ECOSYSTEM ANALYSIS
           FIGURE 25 ECOSYSTEM: LITHIUM-ION BATTERY MARKET
           TABLE 1 ECOSYSTEM: LITHIUM-ION BATTERY
    5.5 PRICING ANALYSIS
           FIGURE 26 AVERAGE BATTERY PACK PRICE (USD/KWH) 2013–2021
           FIGURE 27 LITHIUM-ION BATTERY: COST BREAKDOWN
           5.5.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY TYPE
                    FIGURE 28 AVERAGE SELLING PRICES OF KEY PLAYERS, BY TYPE
                    TABLE 2 AVERAGE SELLING PRICES OF KEY PLAYERS BY TYPE (USD)
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           FIGURE 29 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 LITHIUM METAL BATTERIES
           5.7.2 LITHIUM-SULFUR BATTERIES
           5.7.3 SODIUM-SULFUR BATTERIES
           5.7.4 COBALT-FREE BATTERIES
           5.7.5 METAL-AIR BATTERIES
           5.7.6 LIQUID-METAL BATTERIES
           5.7.7 POTASSIUM METAL BATTERIES
           5.7.8 ZINC-MANGANESE BATTERIES
           5.7.9 VANADIUM-FLOW BATTERIES
           5.7.10 GOLD NANOWIRE GEL ELECTROLYTE BATTERIES
    5.8 PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 PORTER’S FIVE FORCE ANALYSIS WITH THEIR IMPACT (2021)
           5.8.1 BARGAINING POWER OF SUPPLIERS
           5.8.2 BARGAINING POWER OF BUYERS
           5.8.3 THREAT OF NEW ENTRANTS
           5.8.4 THREAT OF SUBSTITUTES
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE END USERS
                    TABLE 5 KEY BUYING CRITERIA FOR TOP THREE END USERS
    5.10 CASE STUDY ANALYSIS
           5.10.1 TESLA PROVIDED 150 MW / 300 MWH LITHIUM-ION BATTERY STORAGE FACILITY FOR ENERGY GRID IN AUSTRALIA
           5.10.2 OFF-GRID LIGHTING SOLUTION IN A SCHOOL IN ANGOLA
           5.10.3 COLLABORATION BETWEEN NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) TO LAUNCH GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM
           5.10.4 BUILDING 3D-PRINTED BATTERY SYSTEMS IN SPACE
    5.11 TRADE ANALYSIS
           FIGURE 32 IMPORT DATA FOR HS CODE 850650, BY KEY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 33 EXPORT DATA FOR HS CODE 850650, BY KEY COUNTRY, 2017–2021 (USD MILLION)
    5.12 PATENT ANALYSIS
           FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS DURING LAST 10 YEARS
           FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2020
           TABLE 6 TOP 20 PATENT OWNERS DURING LAST 10 YEARS
           TABLE 7 TOP 20 PATENT OWNERS DURING LAST 10 YEARS
    5.13 KEY CONFERENCES & EVENTS IN 2022–2023
           TABLE 8 LITHIUM-ION BATTERY MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.14 TARIFF AND REGULATORY LANDSCAPE
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 MARKET REGULATIONS AND STANDARDS
                     TABLE 13 REGULATIONS AND STANDARDS FOR LITHIUM-ION BATTERY

6 LITHIUM-ION BATTERY MARKET, BY MATERIAL (Page No. - 93)
    6.1 INTRODUCTION
           TABLE 14 LITHIUM-ION BATTERY: BATTERY MATERIALS
    6.2 CATHODE MATERIAL
           FIGURE 36 CHEMISTRIES OF CATHODES
           6.2.1 CATHODE MATERIAL FOR LITHIUM-ION BATTERIES
                    6.2.1.1 Lithium Iron Phosphate
                    6.2.1.2 Lithium Cobalt Oxide
                    6.2.1.3 Lithium Nickel Manganese Cobalt
                    6.2.1.4 Lithium Nickel Cobalt Aluminum
                    6.2.1.5 Lithium Manganese Oxide
    6.3 ANODE MATERIAL
           6.3.1 ANODE MATERIAL FOR LITHIUM-ION BATTERIES
                    6.3.1.1 Natural graphite
                    6.3.1.2 Artificial graphite
                    6.3.1.3 Other anode materials
    6.4 ELECTROLYTE MATERIAL
    6.5 SEPARATOR MATERIAL
    6.6 CURRENT COLLECTOR MATERIAL
    6.7 OTHER MATERIALS

7 LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE (Page No. - 98)
    7.1 INTRODUCTION
    7.2 COMPONENTS OF LITHIUM-ION BATTERIES
           FIGURE 37 LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE
           7.2.1 CELLS
                    7.2.1.1 Low weight and easy installation
           7.2.2 BATTERY PACKS
                    7.2.2.1 Applications requiring high energy density
    7.3 PORTABILITY
           7.3.1 STATIONARY
                    7.3.1.1 High use in renewable energy storage systems
           7.3.2 PORTABLE
                    7.3.2.1 Wide utilization in portable electronic devices

8 LITHIUM-ION BATTERY MARKET, BY TYPE (Page No. - 101)
    8.1 INTRODUCTION
           FIGURE 38 LITHIUM-ION BATTERY MARKET, BY TYPE
           FIGURE 39 LITHIUM NICKEL MANGANESE COBALT OXIDE SEGMENT TO GROW AT HIGHEST CAGR
           TABLE 15 LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 16 LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)
    8.2 LITHIUM NICKEL MANGANESE COBALT
           8.2.1 HIGH ENERGY DENSITY OR HIGH-POWER BOOSTS DEMAND
                    TABLE 17 LITHIUM NICKEL MANGANESE COBALT BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 18 LITHIUM NICKEL MANGANESE COBALT BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
    8.3 LITHIUM IRON PHOSPHATE
           8.3.1 ADOPTION FOR EQUIPMENT AND HIGH-POWER DEVICES
           FIGURE 40 PERFORMANCE PARAMETERS: LFP BATTERIES
                    TABLE 19 LITHIUM IRON PHOSPHATE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 20 LITHIUM IRON PHOSPHATE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
    8.4 LITHIUM COBALT OXIDE
           8.4.1 RISING ADOPTION IN CONSUMER ELECTRONICS
                    TABLE 21 LITHIUM COBALT OXIDE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 22 LITHIUM COBALT OXIDE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
    8.5 LITHIUM TITANATE OXIDE
           8.5.1 HIGHLY SUITABLE FOR ELECTRIC VEHICLES
                    TABLE 23 LITHIUM TITANATE OXIDE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 24 LITHIUM TITANATE OXIDE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
    8.6 LITHIUM MANGANESE OXIDE
           8.6.1 HIGHER TEMPERATURE STABILITY FUELS DEMAND
                    TABLE 25 LITHIUM MANGANESE OXIDE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 26 LITHIUM MANGANESE OXIDE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
    8.7 LITHIUM NICKEL COBALT ALUMINUM OXIDE
           8.7.1 ADOPTION IN HIGH ENERGY DENSITY APPLICATIONS
                    TABLE 27 LITHIUM NICKEL COBALT ALUMINUM OXIDE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 28 LITHIUM NICKEL COBALT ALUMINUM OXIDE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)

9 LITHIUM-ION BATTERY MARKET, BY CAPACITY (Page No. - 114)
    9.1 INTRODUCTION
           FIGURE 41 LITHIUM-ION BATTERY MARKET, BY CAPACITY
           FIGURE 42 3,000-10,000 MAH SEGMENT TO GROW AT HIGHEST CAGR
           TABLE 29 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)
           TABLE 30 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2022–2031 (USD MILLION)
    9.2 0 – 3,000 MAH
           9.2.1 INCREASING ADOPTION IN MINIATURE PORTABLE ELECTRONICS
                    TABLE 31 0-3,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 32 0-3,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
    9.3 3,000 – 10,000 MAH
           9.3.1 DEMAND IN AUTOMOTIVE AND CONSUMER ELECTRONICS
                    TABLE 33 3,000-10,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 34 3,000-10,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
    9.4 10,000-60,000 MAH
           9.4.1 IDEAL FOR E-VEHICLES
                    TABLE 35 10,000-60,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 36 10,000-60,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
    9.5 60,000 MAH AND ABOVE
           9.5.1 UTILIZED FOR POWERING HEAVY ELECTRIC VEHICLES
                    TABLE 37 60,000 MAH AND ABOVE LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 38 60,000 MAH AND ABOVE LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)

10 LITHIUM-ION BATTERY MARKET, BY VOLTAGE (Page No. - 123)
     10.1 INTRODUCTION
             FIGURE 43 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
             FIGURE 44 HIGH (ABOVE 36 V) SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2022
             TABLE 39 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)
             TABLE 40 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2022–2031 (USD MILLION)
     10.2 LOW (BELOW 12 V)
             10.2.1 INCREASE IN ADOPTION FOR SMALL APPLICATIONS
     10.3 MEDIUM (12 V – 36 V)
             10.3.1 HIGH ADOPTION FOR MARINE APPLICATIONS
     10.4 HIGH (ABOVE 36 V)
             10.4.1 DEMAND FOR HIGH POWER APPLICATIONS

11 LITHIUM-ION BATTERY MARKET, BY INDUSTRY (Page No. - 127)
     11.1 INTRODUCTION
             FIGURE 45 LITHIUM-ION BATTERY MARKET, BY INDUSTRY
             FIGURE 46 POWER SEGMENT TO GROW AT HIGHEST CAGR
             TABLE 41 LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018-2021 (USD MILLION)
             TABLE 42 LITHIUM-ION BATTERY, BY INDUSTRY, 2022–2031 (USD MILLION)
     11.2 CONSUMER ELECTRONICS
             11.2.1 RISING DEMAND IN VARIOUS APPLICATIONS
             11.2.2 SMARTPHONES
                        11.2.2.1 Demand for lightweight and high-density batteries
             11.2.3 UPS
                        11.2.3.1 Adoption due to longer runtime and faster recharge time
             11.2.4 LAPTOPS
                        11.2.4.1 Low maintenance, scheduled cycling, and display of no memory effect
             11.2.5 OTHERS (GAMES, GARDENING TOOLS, AND DRILLING)
                        TABLE 43 LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 44 LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2022–2031 (USD MILLION)
                        TABLE 45 LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY VOLTAGE, 2018–2021 (USD MILLION)
                        TABLE 46 LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY VOLTAGE, 2022–2031 (USD MILLION)
                        TABLE 47 LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY CAPACITY, 2018–2021 (USD MILLION)
                        TABLE 48 LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY CAPACITY, 2022–2031 (USD MILLION)
                        TABLE 49 LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 50 LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2022–2031 (USD MILLION)
     11.3 AUTOMOTIVE
             11.3.1 DEMAND FOR ELECTRIC VEHICLES
                        TABLE 51 LITHIUM-ION BATTERY CONFIGURATIONS ACROSS AUTO APPLICATIONS
             11.3.2 PLUG-IN HYBRID ELECTRIC VEHICLES
                        11.3.2.1 Adoption of LTO, LFP, and NMC variants in hybrid electric vehicles
                                     TABLE 52 LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 53 LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY TYPE, 2022–2031 (USD MILLION)
                                     TABLE 54 LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 55 LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY VOLTAGE, 2022–2031 (USD MILLION)
                                     TABLE 56 LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY CAPACITY, 2018–2021 (USD MILLION)
                                     TABLE 57 LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY CAPACITY, 2022–2031 (USD MILLION)
                                     TABLE 58 LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 59 LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY REGION, 2022–2031 (USD MILLION)
     11.4 AEROSPACE
             11.4.1 DEMAND FOR BACKUP POWER SUPPLIES, EMERGENCY LIGHTING, AUXILIARY POWER EQUIPMENT
             11.4.2 COMMERCIAL AIRCRAFT
                        11.4.2.1 Adoption due to lightweight
                                     TABLE 60 LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 61 LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY TYPE, 2022–2031 (USD MILLION)
                                     TABLE 62 LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 63 LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY VOLTAGE, 2022–2031 (USD MILLION)
                                     TABLE 64 LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY CAPACITY, 2018–2021 (USD MILLION)
                                     TABLE 65 LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY CAPACITY, 2022–2031 (USD MILLION)
                                     TABLE 66 LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 67 LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY REGION, 2022–2031 (USD MILLION)
     11.5 MARINE
             11.5.1 ADOPTION IN WORKBOATS, FERRIES, OFFSHORE SUPPORT, CRUISE, AND CARGO SHIPS
             11.5.2 COMMERCIAL
                        11.5.2.1 Power supply for longer duration for commercial ships
             11.5.3 TOURISM
                        11.5.3.1 High demand for boats
                                     TABLE 68 LITHIUM-ION BATTERY MARKET FOR MARINE, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 69 LITHIUM-ION BATTERY MARKET FOR MARINE, BY TYPE, 2022–2031 (USD MILLION)
                                     TABLE 70 LITHIUM-ION BATTERY MARKET FOR MARINE, BY VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 71 LITHIUM-ION BATTERY MARKET FOR MARINE, BY VOLTAGE, 2022–2031 (USD MILLION)
                                     TABLE 72 LITHIUM-ION BATTERY MARKET FOR MARINE, BY CAPACITY, 2018–2021 (USD MILLION)
                                     TABLE 73 LITHIUM-ION BATTERY MARKET FOR MARINE, BY CAPACITY, 2022–2031 (USD MILLION)
                                     TABLE 74 LITHIUM-ION BATTERY MARKET FOR MARINE, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 75 LITHIUM-ION BATTERY MARKET FOR MARINE, BY REGION, 2022–2031 (USD MILLION)
     11.6 MEDICAL
             11.6.1 ADOPTION IN HEARING AIDS, PACEMAKERS, AND SURGICAL TOOLS
                        TABLE 76 LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 77 LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY TYPE, 2022–2031 (USD MILLION)
                        TABLE 78 LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY VOLTAGE, 2018–2021 (USD MILLION)
                        TABLE 79 LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY VOLTAGE, 2022–2031 (USD MILLION)
                        TABLE 80 LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY CAPACITY, 2018–2021 (USD MILLION)
                        TABLE 81 LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY CAPACITY, 2022–2031 (USD MILLION)
                        TABLE 82 LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 83 LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY REGION, 2022–2031 (USD MILLION)
     11.7 INDUSTRIAL
             11.7.1 DEMAND FOR VARIOUS INDUSTRIAL APPLICATIONS
             11.7.2 MINING EQUIPMENT
                        11.7.2.1 Demand for mining equipment and vehicles
             11.7.3 CONSTRUCTION EQUIPMENT
                        11.7.3.1 Performance and efficiency of construction equipment
             11.7.4 FORKLIFTS, AUTOMATED GUIDED VEHICLES (AGV), AND AUTOMATED MOBILE ROBOTS (AMR)
                        11.7.4.1 Demand for automated guided vehicles (AGV) and automated mobile robots (AMR)
                                     TABLE 84 LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 85 LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY TYPE, 2022–2031 (USD MILLION)
                                     TABLE 86 LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 87 LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY VOLTAGE, 2022–2031 (USD MILLION)
                                     TABLE 88 LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY CAPACITY, 2018–2021 (USD MILLION)
                                     TABLE 89 LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY CAPACITY, 2022–2031 (USD MILLION)
                                     TABLE 90 LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 91 LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY REGION, 2022–2031 (USD MILLION)
     11.8 POWER
             11.8.1 SMART GRIDS TO DRIVE MARKET
                        TABLE 92 LITHIUM-ION BATTERY MARKET FOR POWER, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 93 LITHIUM-ION BATTERY MARKET FOR POWER, BY TYPE, 2022–2031 (USD MILLION)
                        TABLE 94 LITHIUM-ION BATTERY MARKET FOR POWER, BY VOLTAGE, 2018–2021 (USD MILLION)
                        TABLE 95 LITHIUM-ION BATTERY MARKET FOR POWER, BY VOLTAGE, 2022–2031 (USD MILLION)
                        TABLE 96 LITHIUM-ION BATTERY MARKET FOR POWER, BY CAPACITY, 2018–2021 (USD MILLION)
                        TABLE 97 LITHIUM-ION BATTERY MARKET FOR POWER, BY CAPACITY, 2022–2031 (USD MILLION)
                        TABLE 98 LITHIUM-ION BATTERY MARKET FOR POWER, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 99 LITHIUM-ION BATTERY MARKET FOR POWER, BY REGION, 2022–2031 (USD MILLION)
     11.9 TELECOMMUNICATIONS
             11.9.1 OUTSTANDING CYCLIC LIFE, EXCELLENT CHARGE ACCEPTANCE, AND HIGH RELIABILITY
                        TABLE 100 LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 101 LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2022–2031 (USD MILLION)
                        TABLE 102 LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY VOLTAGE, 2018–2021 (USD MILLION)
                        TABLE 103 LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY VOLTAGE, 2022–2031 (USD MILLION)
                        TABLE 104 LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY CAPACITY, 2018–2021 (USD MILLION)
                        TABLE 105 LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY CAPACITY, 2022–2031 (USD MILLION)
                        TABLE 106 LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 107 LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY REGION, 2022–2031 (USD MILLION)

12 LITHIUM-ION BATTERY MARKET, BY REGION (Page No. - 161)
     12.1 INTRODUCTION
             FIGURE 47 AUSTRALIA TO EXHIBIT HIGHEST CAGR IN GLOBAL LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD
             TABLE 108 LITHIUM-ION BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 109 LITHIUM-ION BATTERY MARKET, BY REGION, 2022–2031 (USD MILLION)
     12.2 NORTH AMERICA
             FIGURE 48 NORTH AMERICA: LITHIUM-ION BATTERY MARKET SNAPSHOT
             FIGURE 49 US DOMINATES NORTH AMERICAN LITHIUM-ION BATTERY MARKET
             TABLE 110 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 111 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2022–2031 (USD MILLION)
             TABLE 112 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 113 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)
             TABLE 114 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 115 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
             12.2.1 US
                        12.2.1.1 Power and automotive industries to substantiate lithium-ion battery market growth
             12.2.2 CANADA
                        12.2.2.1 Canada expected to record highest CAGR in region
             12.2.3 MEXICO
                        12.2.3.1 Growing demand for lithium-ion batteries from manufacturing sector
     12.3 EUROPE
             FIGURE 50 EUROPE: LITHIUM-ION BATTERY MARKET SNAPSHOT
             FIGURE 51 FRANCE TO DRIVE GROWTH OF LITHIUM-ION MARKET
             TABLE 116 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 117 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2022–2031 (USD MILLION)
             TABLE 118 EUROPE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 119 EUROPE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)
             TABLE 120 EUROPE: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 121 EUROPE: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
             12.3.1 GERMANY
                        12.3.1.1 Large presence of electric vehicle and battery manufacturers
             12.3.2 UK
                        12.3.2.1 Rising government initiatives for growth of electric vehicles industry
             12.3.3 FRANCE
                        12.3.3.1 Growing need to store electricity driving market growth
             12.3.4 REST OF EUROPE
     12.4 ASIA PACIFIC
             FIGURE 52 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET SNAPSHOT
             FIGURE 53 CHINA HAS LARGEST SHARE OF LITHIUM-ION BATTERY MARKET
             TABLE 122 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 123 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2022–2031 (USD MILLION)
             TABLE 124 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 125 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)
             TABLE 126 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 127 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 China had largest market share
             12.4.2 JAPAN
                        12.4.2.1 Expansion of R&D resources by battery giants supports market growth
             12.4.3 INDIA
                        12.4.3.1 Rising adoption of electric transport
             12.4.4 AUSTRALIA
                        12.4.4.1 Growing adoption of clean energy to drive lithium-ion battery market
             12.4.5 INDONESIA
                        12.4.5.1 Easy availability of raw materials
             12.4.6 THAILAND
                        12.4.6.1 Rising focus on production of electric vehicles
             12.4.7 REST OF ASIA PACIFIC
     12.5 REST OF THE WORLD
             FIGURE 54 SOUTH AMERICA TO DOMINATE LITHIUM-ION BATTERY MARKET IN REST OF THE WORLD
             TABLE 128 REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 129 REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY REGION, 2022–2031 (USD MILLION)
             TABLE 130 REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 131 REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)
             TABLE 132 REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 133 REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)
             12.5.1 MIDDLE EAST & AFRICA
                        12.5.1.1 Increasing investments in advanced technologies for producing renewable and green energy
             12.5.2 SOUTH AMERICA
                        12.5.2.1 Rising investments in lithium reserves and mining sector

13 COMPETITIVE LANDSCAPE (Page No. - 189)
     13.1 INTRODUCTION
             TABLE 134 KEY DEVELOPMENTS IN LITHIUM-ION BATTERY MARKET (2019–2022)
     13.2 REVENUE ANALYSIS OF TOP COMPANIES
             FIGURE 55 LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS (2021)
     13.3 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021
             TABLE 135 LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION
     13.4 COMPANY EVALUATION QUADRANT, 2021
             13.4.1 STARS
             13.4.2 EMERGING LEADERS
             13.4.3 PERVASIVE PLAYERS
             13.4.4 PARTICIPANTS
                        FIGURE 56 LITHIUM-ION BATTERY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     13.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
             13.5.1 PROGRESSIVE COMPANIES
             13.5.2 RESPONSIVE COMPANIES
             13.5.3 DYNAMIC COMPANIES
             13.5.4 STARTING BLOCKS
                        FIGURE 57 LITHIUM-ION BATTERY MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
     13.6 LITHIUM-ION BATTERY MARKET: COMPANY FOOTPRINT
             TABLE 136 COMPANY PRODUCT FOOTPRINT
             TABLE 137 COMPANY INDUSTRY FOOTPRINT
             TABLE 138 COMPANY REGION FOOTPRINT
             TABLE 139 COMPANY FOOTPRINT
     13.7 COMPETITIVE BENCHMARKING
             TABLE 140 LITHIUM-ION BATTERY MARKET: DETAILED LIST OF KEY STARTUP/SMES
             TABLE 141 LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.8 COMPETITIVE SCENARIO AND TRENDS
             13.8.1 PRODUCT LAUNCHES
                        TABLE 142 LITHIUM-ION BATTERY MARKET: PRODUCT LAUNCHES, SEPTEMBER 2019 TO MARCH 2022
             13.8.2 DEALS
                        TABLE 143 LITHIUM-ION BATTERY MARKET: DEALS, MAY 2019–SEPTEMBER 2021
             13.8.3 OTHERS
                        TABLE 144 LITHIUM-ION BATTERY MARKET: DEALS, SEPTEMBER 2020–FEBRUARY 2022

14 COMPANY PROFILES (Page No. - 212)
     14.1 KEY PLAYERS
     (Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)* 
             14.1.1 BAK POWER BATTERY CO., LTD.
                        TABLE 145 BAK POWER BATTERY CO., LTD.: BUSINESS OVERVIEW
                        TABLE 146 BAK POWER BATTERY CO., LTD.: PRODUCT OFFERING
             14.1.2 BYD COMPANY LTD.
                        TABLE 147 BYD COMPANY LTD.: BUSINESS OVERVIEW
                        FIGURE 58 BYD COMPANY LTD.: COMPANY SNAPSHOT
                        TABLE 148 BYD COMPANY LTD.: PRODUCT OFFERING
             14.1.3 CLARIOS
                        TABLE 149 CLARIOS: BUSINESS OVERVIEW
                        TABLE 150 CLARIOS: PRODUCT OFFERING
             14.1.4 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.
                        TABLE 151 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: BUSINESS OVERVIEW
                        FIGURE 59 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: COMPANY SNAPSHOT
                        TABLE 152 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: PRODUCT OFFERING
             14.1.5 GS YUASA INTERNATIONAL LTD.
                        TABLE 153 GS YUASA INTERNATIONAL LTD.: BUSINESS OVERVIEW
                        FIGURE 60 GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT
                        TABLE 154 GS YUASA INTERNATIONAL LTD.: PRODUCT OFFERING
             14.1.6 HITACHI LTD.
                        TABLE 155 HITACHI LTD.: BUSINESS OVERVIEW
                        FIGURE 61 HITACHI LTD.: COMPANY SNAPSHOT
                        TABLE 156 HITACHI LTD.: PRODUCT OFFERING
             14.1.7 LG CHEM
                        TABLE 157 LG CHEM: BUSINESS OVERVIEW
                        FIGURE 62 LG CHEM: COMPANY SNAPSHOT
                        TABLE 158 LG CHEM: PRODUCT OFFERING
             14.1.8 PANASONIC HOLDINGS CORPORATION
                        TABLE 159 PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW
                        FIGURE 63 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
                        TABLE 160 PANASONIC HOLDINGS CORPORATION: PRODUCT OFFERING
             14.1.9 SAMSUNG SDI CO. LTD
                        TABLE 161 SAMSUNG SDI CO. LTD.: BUSINESS OVERVIEW
                        FIGURE 64 SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT
                        TABLE 162 SAMSUNG SDI CO. LTD.: PRODUCT OFFERING
             14.1.10 TOSHIBA CORPORATION
                        TABLE 163 TOSHIBA CORPORATION: BUSINESS OVERVIEW
                        FIGURE 65 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                        TABLE 164 TOSHIBA CORPORATION: PRODUCT OFFERING
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies. 
     14.2 OTHER PLAYERS
             14.2.1 CALB
             14.2.2 TESLA, INC.
             14.2.3 LITHIUMWERKS
             14.2.4 SAFT
             14.2.5 VARTA AG
             14.2.6 FARASIS ENERGY (GANZHOU)CO., LTD.
             14.2.7 SILA NANOTECHNOLOGIES INC.
             14.2.8 AMPEREX TECHNOLOGY LIMITED
             14.2.9 ENVISION AESC GROUP LTD
             14.2.10 GUOXUAN HIGH TECH CO., LTD.
             14.2.11 LITHIUM ENERGY JAPAN
             14.2.12 ENERDEL, INC.
             14.2.13 KOKAM
             14.2.14 IPOWER BATTERIES PVT LTD
             14.2.15 NEXTERA ENERGY, INC.

15 ADJACENT AND RELATED MARKETS (Page No. - 258)
     15.1 INTRODUCTION
     15.2 LIMITATIONS
     15.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
             15.3.1 INTRODUCTION
                        TABLE 165 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
                        TABLE 166 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
             15.3.2 BELOW 100 MWH
                        15.3.2.1 Growing demand in residential applications
                                     TABLE 167 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 168 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 169 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
                                     TABLE 170 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
                                     TABLE 171 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 172 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY APPLICATION, 2022–2027 (USD MILLION)
             15.3.3 BETWEEN 100 AND 500 MWH
                        15.3.3.1 Batteries between 100 and 500 MWH have necessitated frequency control services
                                     TABLE 173 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 174 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 175 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
                                     TABLE 176 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
                                     TABLE 177 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 178 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY APPLICATION, 2022–2027 (USD MILLION)
             15.3.4 ABOVE 500 MWH
                        15.3.4.1 Large-scale battery storage systems help continuity of power distribution in large grids
                                     TABLE 179 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 180 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 181 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
                                     TABLE 182 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
                                     TABLE 183 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 184 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY APPLICATION, 2022–2027 (USD MILLION)

16 APPENDIX (Page No. - 268)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 CUSTOMIZATION OPTIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the lithium-ion battery market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing 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 methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred for identifying and collecting information important for the lithium-ion battery market study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, and certified publications; articles from recognized authors; directories; and databases.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts, such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the lithium-ion battery market. Following is the breakdown of primary respondents:

Lithium-ion Battery Market Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the size of the overall lithium-ion battery market based on segments. The research methodology used to estimate the market size has been given below:

  • Key players operating in the lithium-ion battery market 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 by using secondary sources and verified through primary sources.

Global lithium-ion battery market Size: Bottom-Up Approach

Lithium-ion Battery Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall lithium-ion battery market size-using the estimation processes explained above-the market has been split into several segments. 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 has been triangulated by studying various factors and trends in both the demand and supply sides of the lithium-ion battery market.

Report Objectives:

  • To describe and forecast the lithium-ion battery market, in terms of value, based on type, capacity, voltage, and industry.
  • To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a comprehensive overview of the value chain of the lithium-ion battery ecosystem
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market.
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2 and provide a detailed competitive landscape of the market.
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the lithium-ion battery.
  • To analyze competitive strategies, such as acquisition, collaboration, partnership, joint venture, agreement, contract, and new product launches, adopted by key market players in the lithium-ion battery market.

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Lithium-ion Battery Market Size,  Share & Growth Report
Report Code
SE 4967
Published ON
Sep, 2022
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