Lithium-Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO), Power Capacity (0-3,000 mAh, 3,000 mAh-10,000 mAh, 10,000 mAh-60,000 mAh, above 60,000 mAh), Industry (Consumer Electronics, Automotive, Industrial), Voltage, Region Global Forecast to 2025
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Request For Special Pricing[180 Pages Report] The global lithium-ion battery market size is estimated to grow from USD 44.2 billion in 2020 to USD 94.4 billion by 2025; it is expected to grow at a CAGR of 16.4%. The growth of this market is likely to be driven by the excellent features of li-ion batteries, increasing adoption of consumer electronics, and growing R&D initiatives by different organizations & battery manufacturers. Moreover, an increase in demand for plug-in vehicles, rising need for automation and battery-operated material-handling equipment in industries, propelling demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for industrial applications are other key driving factors.
"Market for Lithium Nickel Manganese Cobalt is expected to grow at a higher rate during the forecast period."
The energy density of NMC batteries is its primary strength. It achieves this energy density with excellent stability due to the use of an optimum ratio of nickel manganese and cobalt. It also has a good charge and discharge cycle. These features enable its application in industries such as automotive.
NMC is used in batteries of laptops, mobile phones, tablets, automotive, power tools, and electrical storage systems. It is lightweight and can better serve slimmer and lighter tablets and smartphones. This property will lead to the gradual replacement of LCO and NCA cathode materials in batteries of notebooks, mobile phones, and tablets.
NMC is also used in HEV, EV, and PHEV as it offers higher safety, along with other desired properties. These advantageous properties of NMC are expected to increase its market share in the next five years and ideally positioned it to be the best material available in this industry.
Lithium-ion battery market for power capacity range 3,00010,000 mAH is expected to grow at the highest rate during the forecast period."
Lithium-ion batteries' heavy power capacity makes it useful in electric vehicles and industrial uses. The increasing market of consumer electronics and smartphones is driving the need for batteries with high power capacity that can keep the device running for long hours and, at the same time, giving an optimum experience of the device due to large screen and power back up service.
"Lithium-ion battery market for automotive is expected to hold the largest market during the forecast period."
Increasing adoption and awareness of EVs, government initiatives, and regulations supporting the adoption of EVs around the world are the factors that are driving the growth of the lithium-ion battery market. The market for these vehicles is expected to grow in the near future, partly driven by the adoption of various environmental norms and emission regulations. This has increased the demand for Li-ion batteries.
"Lithium-ion battery market for above 36 V segment is expected to hold the largest market during the forecast period."
The majority of the manufacturers prefer above 36V lithium-ion batteries as they support and power high-current applications, and have a long life span. Lithium-ion batteries with this voltage range are the most demanded and used as they are equipped with high capacity and unmatched capabilities. These batteries are used in electric vehicles, marine, power, military, telecom, etc. These batteries offer higher power, longer life, and robust safety compared to lead-acid batteries, which boosts its demand in the market. These batteries feature a built-in automatic battery management system (BMS), which keeps the battery running at peak performance while preventing overcharging, overheating, and maximizing cell cycle life.
APAC to dominate the lithium-ion battery industry during the forecast period
APAC dominated the global lithium-ion battery market in 2019. The market mainly comprises China and India, which have considerable potential for many application areas for lithium-ion batteries. China being a global automotive manufacturing hub, holds immense potential for the growth of the lithium-ion battery industry. An increase in the production of electric vehicles and lithium-ion batteries used in vehicles is driving the market in China.
Furthermore, China is also one of the world's leading producers of electronic devices. This is expected to drive the market across multiple applications in China. Also, the presence of several electronic manufacturers such as Panasonic (Japan), Sony Corp. (Japan), Samsung SDI (South Korea), and LG Electronics (South Korea) in the region is one of the key factors driving the market for lithium-ion batteries.
Europe accounted for the second-largest share of the global market in 2019. Presence and active association in Europe, such as the Association of European Automotive Industrial Battery Manufacturers and PRBA is supporting the use of lithium-ion battery in different applications in safe mode by their set standards and certification. Extensive investments in the R&D of battery production and well-established automotive sector in Germany, high adoption of electric vehicles in developed countries, and investments by governments for increasing the battery production are the key factors driving the lithium-ion battery market in this region.
Key Market Players
Some major companies operating in the global lithium-ion battery market are BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa Corporation (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California).
LG Chem has an energy solution division that works on developing differentiated materials for automotive and mobile batteries with the integration of the latest technology. Under its energy solution segment, it provides mobile batteries, automotive batteries, and energy storage systems. Under its mobile batteries division, it delivers cylindrical, prismatic, polymer batteries for mobile devices, electric tools, electric bicycles, and smartwatches. LG Chem built a 41,300 m2 sized production base in Wroclaw, Poland, by investing USD 380 million in its Polish subsidiary, LG Chem Wroclaw Energy. After the completion of the production base in 2018, it could supply lithium-ion batteries for 100,000 electric vehicles every year, resulting in the production capacity for 280,000 electric vehicles by leveraging the company's production system (Korea, US, China, and Poland).
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20172025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Capacity, Industry, Voltage, Type, and Region |
|
Geographies covered |
North America, Europe, APAC, and RoW |
|
Companies covered |
BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California)., among other players. A total of 20 major players covered. |
In this report, the global lithium-ion battery market has been segmented into the following categories:
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)
By Power Capacity:
- 0 TO 3,000 mAH
- 3,000 TO 10,000 mAH
- 10,000 TO 60,000 mAH
- More Than 60,000 mAH
By Industry:
- Consumer Electronics
- Automotive
- Marine
- Aerospace and Defense
- Medical
- Industrial
- Power
- Telecom
By Voltage:
- Low (Below 12 V)
- Medium ( 12 V 36 V)
- High (Above 36 V)
Geographic Analysis
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of APAC
- RoW
- South America
- Middle East & Africa
Critical questions would be:
- Where will all the developments take the industry in the mid-to-long term?
- What are the upcoming products and technologies in the market?
- Who are the key players, and what are the strategies adopted by them?
- What are the fastest- or highest-growing areas in the market?
- What are the major drivers, restraints, opportunities, and challenges pertaining to the lithium-ion battery market?
Frequently Asked Questions (FAQ):
What are the factors responsible for the growth of the market?
Which type of lithium-ion battery will be widely used in the coming years?
What are the emerging trends in the lithium-ion battery market?
Which region is expected to witness significant demand for lithium-ion batteries in the coming years?
Which voltage segment provides the most opportunity for growth?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 18)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 23)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.1.3.2 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at the market size by bottom-up analysis
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing the market size by top-down analysis
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTION
3 EXECUTIVE SUMMARY (Page No. - 31)
4 PREMIUM INSIGHTS (Page No. - 35)
4.1 LITHIUM-ION BATTERY MARKET OPPORTUNITIES
4.2 MARKET, BY TYPE, 20202025
4.3 MARKET IN APAC, BY TYPE AND COUNTRY, 2025
4.4 MARKET SIZE, BY INDUSTRY, 20202025
4.5 MARKET, BY COUNTRY, 20202025
5 MARKET OVERVIEW (Page No. - 39)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increase in demand for plug-in vehicles
5.2.1.2 Growing need for automation and battery-operated material-handling equipment in industries
5.2.1.3 Growing demand for smart devices and other industrial goods
5.2.1.4 High requirement for lithium-ion batteries for various industrial applications
5.2.1.5 Growing number of R&D initiatives by manufacturers for improvements in Li-ion batteries
5.2.2 RESTRAINTS
5.2.2.1 Safety issues related to storage and transportation of spent batteries
5.2.3 OPPORTUNITIES
5.2.3.1 Declining prices of lithium-ion batteries increase adoption in new applications
5.2.3.2 Developing applications in energy sector
5.2.4 CHALLENGES
5.2.4.1 Overheating of lithium-ion batteries
5.2.4.2 Upcoming technologies such as chemical energy storage, compressed energy storage, and pumped hydro technology
5.2.4.3 High cost of battery-operated industrial vehicles
5.2.4.4 Aging of lithium-ion batteries
5.3 IMPACT OF COVID-19 PANDEMIC ON LITHIUM-ION BATTERY MARKET
6 INDUSTRY TRENDS (Page No. - 46)
6.1 VALUE CHAIN ANALYSIS
6.2 EMERGING TRENDS
6.2.1 GROWTH IN E-COMMERCE INDUSTRY
6.2.2 DEVELOPMENT OF BATTERY-OPERATED EQUIPMENT FOR MINING INDUSTRY
6.2.3 REPLACEMENT OF CONVENTIONAL BATTERIES WITH LITHIUM-ION-BASED BATTERIES
6.2.4 SUBSTANTIAL DECLINE IN THE PRICE OF LITHIUM-ION BATTERIES
6.3 MANUFACTURING PROCESS OF LITHIUM-ION BATTERY
6.3.1 ELECTRODE COATING
6.3.2 CELL ASSEMBLY
6.4 INTERNATIONAL REGULATIONS FOR THE TRANSPORTATION OF LITHIUM-ION BATTERY PACKS
6.4.1 RESPONSIBILITIES
6.4.2 LEGISLATION
6.4.3 EXEMPT PRODUCTS
6.4.4 BATTERY TESTS
7 MATERIALS USED IN LITHIUM-ION BATTERIES (Page No. - 54)
7.1 INTRODUCTION
7.2 CATHODE MATERIAL
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 MATERIAL
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 MATERIAL
7.6 CURRENT COLLECTORS
7.7 OTHER MATERIALS
8 RESOURCES USED FOR LITHIUM-ION BATTERIES (Page No. - 58)
8.1 INTRODUCTION
8.2 PROVEN RESERVES
8.2.1 CHILE
8.2.2 CHINA
8.2.3 ARGENTINA
8.2.4 AUSTRALIA
8.2.5 OTHERS
8.3 PRICING TREND
8.4 COMPANIES EXPLORING LITHIUM
8.4.1 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. - 63)
9.1 INTRODUCTION
9.2 LITHIUM NICKEL MANGANESE COBALT OXIDE (LI-NMC)
9.2.1 HIGH ENERGY DENSITY BOOSTS THE DEMAND FOR NMC BATTERIES
9.3 LITHIUM IRON PHOSPHATE (LFP)
9.3.1 HIGH POWER DENSITY AND STABILITY BOOSTS THE ADOPTION OF LFP BATTERIES
9.4 LITHIUM COBALT OXIDE (LCO)
9.4.1 HIGH ENERGY DENSITY INCREASES THE DEMAND FOR LCO BATTERIES
9.5 LITHIUM TITANATE OXIDE (LTO)
9.5.1 HIGH STABILITY, ENERGY AND POWER DENSITY EXPECTED TO CREATE DEMAND FOR LTO BATTERIES
9.6 LITHIUM MANGANESE OXIDE (LMO)
9.6.1 COST FACTOR BOOSTS THE GROWTH OF LMO BATTERIES
9.7 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA)
9.7.1 HIGH ENERGY DENSITY OF NCA BATTERIES INCREASES DEMAND IN AUTOMOTIVE INDUSTRY
10 LITHIUM-ION BATTERY PRODUCTS (Page No. - 77)
10.1 INTRODUCTION
10.2 CELL
10.2.1 LOW WEIGHT AND EASY INSTALLATION CREATE DEMAND FOR CELL TYPE LITHIUM-ION BATTERIES IN CONSUMER ELECTRONICS INDUSTRY
10.3 BATTERY PACK
10.3.1 BATTERY PACKS ARE USED IN HIGH ENERGY DENSITY APPLICATIONS
11 LITHIUM-ION BATTERY MARKET, BY POWER CAPACITY (Page No. - 79)
11.1 INTRODUCTION
11.2 0 TO 3,000 MAH
11.2.1 MOST POPULAR BATTERY RANGE, WITH A HUGE MARKET SHARE
11.3 3,000 TO 10,000 MAH
11.3.1 USED IN APPLICATIONS REQUIRING HEAVY LOADS SUCH AS ELECTRIC VEHICLES, INDUSTRIAL APPLICATIONS, ROBOTS, MEDICAL APPLICATIONS, GEO AND LEO SATELLITES, HYBRID TRUCKS, TRAINS, AND POWER BACKUP
11.4 10,000 TO 60,000 MAH
11.4.1 INCLUDE LFP, LMO, LTO, AND NMC BATTERIES IN VARIOUS FORMATS
11.5 ABOVE 60,000 MAH
11.5.1 AUTOMOTIVE APPLICATION INDUSTRY HELD THE LARGEST MARKET SHARE IN 2019
12 LITHIUM-ION BATTERY MARKET, BY VOLTAGE (Page No. - 86)
12.1 INTRODUCTION
12.2 LOW (BELOW 12V)
12.2.1 CONSUMER ELECTRONICS SEGMENT AMONG THE BIGGEST ADOPTERS OF BELOW 12V LITHIUM-ION BATTERIES
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 OFFER HIGHER POWER, LONGER LIFE, AND MORE SAFETY THAN LEAD-ACID BATTERIES
13 LITHIUM-ION BATTERY MARKET, BY INDUSTRY (Page No. - 89)
13.1 INTRODUCTION
13.2 CONSUMER ELECTRONICS
13.2.1 SMARTPHONES
13.2.1.1 Lightweight and high-density lithium-ion batteries are the power source for complex smartphone devices, due to their light weight and high energy density
13.2.2 UPS
13.2.2.1 Lithium-ion batteries have longer runtime than their counterparts and faster recharge time that make lithium-ion-based UPS highly efficient
13.2.3 LAPTOPS
13.2.3.1 Li-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)
13.2.4.1 Lithium-ion batteries enable the use of other equipment in remote areas and during power failure
13.3 AUTOMOTIVE
13.3.1 BATTERY ELECTRIC VEHICLES
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 Increasing demand for Li-ion batteries for hybrid electric vehicles that decrease carbon emissions and minimize the global warming temperature
13.4 AEROSPACE & DEFENSE
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
13.4.2 DEFENSE
13.4.2.1 Lithium-ion batteries are an optimum choice for various military applications and all-terrain vehicles.
13.5 MARINE
13.5.1 COMMERCIAL
13.5.1.1 Lithium-ion batteries for commercial ships deliver power supply for longer durations and are environment-friendly
13.5.2 TOURISM
13.5.2.1 Lithium-ion batteries are becoming popular for electric boats as they have high energy density without any risk of fire or explosion
13.5.3 DEFENSE
13.5.3.1 Lithium-ion battery technology can provide greater energy with maximum charging rate improving the performance of submarines
13.6 MEDICAL
13.6.1 MARKET FOR LCO BATTERY TYPE TO HOLD THE LARGEST SHARE DURING FORECAST PERIOD
13.7 INDUSTRIAL
13.7.1 MINING EQUIPMENT
13.7.1.1 Safety concerns will increase the demand for Li-ion battery-based mining equipment
13.7.2 CONSTRUCTION EQUIPMENT
13.7.2.1 Advancements in lithium-ion battery technology are improving the performance and efficiency of construction equipment
13.7.3 FORKLIFTS, AUTOMATED GUIDED VEHICLES (AGV), AND AUTOMATED MOBILE ROBOTS (AMR)
13.7.3.1 Lithium-ion batteries provide inherent safety performance, better toxicity profile, and are more energy-efficient with significantly longer cycle life than lead-acid batteries
13.8 POWER
13.8.1 ABOVE 36V LITHIUM-ION BATTERIES SEGMENT HOLDS THE LARGEST SHARE DURING FORECAST PERIOD
13.9 TELECOMMUNICATION
13.9.1 LITHIUM-ION BATTERIES PROVIDE OUTSTANDING CYCLIC LIFE, EXCELLENT CHARGE ACCEPTANCE, AND REMOTE MONITORING
14 LITHIUM-ION BATTERY MARKET, BY REGION (Page No. - 111)
14.1 INTRODUCTION
14.2 NORTH AMERICA
14.2.1 US
14.2.1.1 Market driven by the automotive & transportation industry and renewable energy sector
14.2.2 CANADA
14.2.2.1 Market is expected to grow at the highest CAGR during forecast period
14.2.3 MEXICO
14.2.3.1 Availability of low-cost labor, electricity, and necessary infrastructure favorable for setting up battery manufacturing units
14.3 EUROPE
14.3.1 GERMANY
14.3.1.1 Presence of key battery and electric vehicle manufacturers and stringent government guidelines boosting the growth of the market
14.3.2 UK
14.3.2.1 Government initiatives for the growth of EVs will support the growth of lithium-ion battery market
14.3.3 THE NETHERLANDS
14.3.3.1 Second-largest share of lithium-ion battery market in Europe
14.3.4 NORWAY
14.3.4.1 Increasing sales of EVs create future growth opportunities for market
14.3.5 REST OF EUROPE
14.3.5.1 Major investment in the region contributing to growth of the market
14.4 APAC
14.4.1 CHINA
14.4.1.1 Largest share of the market in APAC
14.4.2 JAPAN
14.4.2.1 Expansion of R&D resources by battery giants supporting the growth of the market
14.4.3 INDIA
14.4.3.1 Growing adoption of electrified transport expected to drive the market in the automotive industry
14.4.4 REST OF APAC
14.4.4.1 Government support for EVs and growing use of consumer electronics creates demand for lithium-ion batteries
14.5 REST OF THE WORLD (ROW)
14.5.1 MIDDLE EAST & AFRICA
14.5.1.1 Growing investments in advanced technologies for generating green and renewable energy sources have improved the market in the Middle East
14.5.2 SOUTH AMERICA
14.5.2.1 Investment in the mining sector and huge lithium reserves contributing to growth of the market
15 COMPETITIVE LANDSCAPE (Page No. - 134)
15.1 INTRODUCTION
15.2 MARKET RANKING ANALYSIS
15.3 COMPETITIVE LEADERSHIP MAPPING
15.3.1 VISIONARY LEADERS
15.3.2 DYNAMIC DIFFERENTIATORS
15.3.3 INNOVATORS
15.3.4 EMERGING COMPANIES
15.4 STRENGTH OF PRODUCT PORTFOLIO(20 PLAYERS)
15.5 BUSINESS STRATEGY EXCELLENCE (20 PLAYERS)
15.6 COMPETITIVE SITUATIONS AND TRENDS
15.6.1 PRODUCT LAUNCHES AND DEVELOPMENTS
15.6.2 EXPANSIONS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
15.6.3 OTHERS
16 COMPANY PROFILES (Page No. - 143)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
16.1 KEY PLAYERS
16.1.1 BYD COMPANY
16.1.2 LG CHEM
16.1.3 PANASONIC CORPORATION
16.1.4 SAMSUNG SDI
16.1.5 BAK GROUP
16.1.6 GS YUASA CORPORATION
16.1.7 HITACHI
16.1.8 JOHNSON CONTROLS
16.1.9 TOSHIBA CORPORATION
16.1.10 LITHIUM WERKS
16.2 OTHER PROMINENT PLAYERS
16.2.1 CALB
16.2.2 SAFT GROUPE
16.2.3 VARTA STORAGE
16.2.4 FARASIS ENERGY
16.2.5 SILA NANOTECHNOLOGIES
16.2.6 CONTEMPORARY AMPEREX TECHNOLOGY
16.2.7 ENVISION AESC SDI CO. LTD.
16.2.8 GUOXUAN HIGH-TECH CO., LTD.
16.2.9 LITHIUM ENERGY JAPAN
16.2.10 TESLA
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
17 APPENDIX (Page No. - 172)
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
LIST OF TABLES (80 Tables)
TABLE 1 LI-ION BATTERY: BATTERY MATERIALS
TABLE 2 LITHIUM-ION BATTERY MARKET BY TYPE, 20172025 (USD MILLION)
TABLE 3 MARKET FOR LI-NMC BY INDUSTRY, 20172025 (USD MILLION)
TABLE 4 MARKET FOR LI-NMC, BY REGION, 20172025 (USD MILLION)
TABLE 5 MARKET FOR LFP, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 6 MARKET FOR LFP, BY REGION, 20172025 (USD MILLION)
TABLE 7 MARKET FOR LCO, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 8 MARKET FOR LCO, BY REGION, 20172025 (USD MILLION)
TABLE 9 MARKET FOR LTO, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 10 MARKET FOR LTO, BY REGION, 20172025 (USD MILLION)
TABLE 11 MARKET FOR LMO, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 12 MARKET FOR LMO, BY REGION, 20172025 (USD MILLION)
TABLE 13 MARKET FOR NCA, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 14 MARKET FOR NCA, BY REGION, 20172025 (USD MILLION)
TABLE 15 MARKET, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 16 MARKET FOR 03,000 MAH, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 17 MARKET FOR 3,00010,000 MAH, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 18 MARKET FOR 10,00060,000 MAH, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 19 MARKET FOR ABOVE 60,000 MAH, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 20 MARKET, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 21 MARKET, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 22 MARKET FOR CONSUMER ELECTRONICS, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 23 MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 20172025 (USD MILLION)
TABLE 24 MARKET FOR CONSUMER ELECTRONICS, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 25 MARKET FOR CONSUMER ELECTRONICS, BY REGION, 20172025 (USD MILLION)
TABLE 26 MARKET FOR AUTOMOTIVE, 20172025 (THOUSAND UNITS)
TABLE 27 LITHIUM-ION BATTERY CONFIGURATIONS ACROSS AUTO APPLICATIONS
TABLE 28 MARKET FOR AUTOMOTIVE, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 29 MARKET FOR AUTOMOTIVE, BY TYPE, 20172025 (USD MILLION)
TABLE 30 MARKET FOR AUTOMOTIVE, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 31 MARKET FOR AUTOMOTIVE, BY REGION, 20172025 (USD MILLION)
TABLE 32 MARKET FOR AEROSPACE & DEFENSE, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 33 MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 20172025 (USD MILLION)
TABLE 34 MARKET FOR AEROSPACE & DEFENSE, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 35 MARKET FOR AEROSPACE & DEFENSE, BY REGION, 20172025 (USD MILLION)
TABLE 36 MARKET FOR MARINE, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 37 MARKET FOR MARINE, BY TYPE, 20172025 (USD MILLION)
TABLE 38 MARKET FOR MARINE, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 39 MARKET FOR MARINE, BY REGION, 20172025 (USD MILLION)
TABLE 40 MARKET FOR MEDICAL, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 41 MARKET FOR MEDICAL, BY TYPE, 20172025 (USD MILLION)
TABLE 42 MARKET FOR MEDICAL, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 43 MARKET FOR MEDICAL, BY REGION, 20172025 (USD MILLION)
TABLE 44 MARKET FOR INDUSTRIAL, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 45 MARKET FOR INDUSTRIAL, BY TYPE, 20172025 (USD MILLION)
TABLE 46 MARKET FOR INDUSTRIAL, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 47 MARKET FOR INDUSTRIAL, BY REGION, 20172025 (USD MILLION)
TABLE 48 MARKET FOR POWER, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 49 MARKET FOR POWER, BY TYPE, 20172025 (USD MILLION)
TABLE 50 MARKET FOR POWER, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 51 MARKET FOR POWER, BY REGION, 20172025 (USD MILLION)
TABLE 52 MARKET FOR TELECOM, BY VOLTAGE, 20172025 (USD MILLION)
TABLE 53 MARKET FOR TELECOM, BY TYPE, 20172025 (USD MILLION)
TABLE 54 MARKET FOR TELECOM, BY POWER CAPACITY, 20172025 (USD MILLION)
TABLE 55 MARKET FOR TELECOM, BY REGION, 20172025 (USD MILLION)
TABLE 56 MARKET, BY REGION, 20172025 (USD MILLION)
TABLE 57 MARKET IN NORTH AMERICA, BY COUNTRY, 20172025 (USD MILLION)
TABLE 58 LITHIUM-ION BATTERY IN NORTH AMERICA, BY TYPE, 20172025 (USD MILLION)
TABLE 59 MARKET IN NORTH AMERICA, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 60 MARKET IN THE US, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 61 MARKET IN CANADA, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 62 MARKET IN MEXICO, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 63 MARKET IN EUROPE, BY COUNTRY, 20172025 (USD MILLION)
TABLE 64 LITHIUM-ION BATTERY IN EUROPE, BY TYPE, 20172025 (USD MILLION)
TABLE 65 MARKET IN EUROPE, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 66 MARKET IN GERMANY, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 67 MARKET IN UK, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 68 MARKET IN THE NETHERLANDS, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 69 MARKET IN NORWAY, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 70 MARKET IN REST OF EUROPE, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 71 MARKET IN APAC, BY COUNTRY, 20172025 (USD MILLION)
TABLE 72 MARKET IN APAC, BY TYPE, 20172025 (USD MILLION)
TABLE 73 MARKET IN APAC, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 74 MARKET IN CHINA, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 75 MARKET IN JAPAN, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 76 MARKET IN INDIA, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 77 MARKET IN REST OF APAC, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 78 MARKET IN ROW, BY REGION (USD MILLION)
TABLE 79 LITHIUM-ION BATTERY IN ROW, BY TYPE, 20172025 (USD MILLION)
TABLE 80 MARKET IN ROW, BY INDUSTRY, 20172025 (USD MILLION)
LIST OF FIGURES (58 Pages Figures)
FIGURE 1 LITHIUM-ION BATTERY MARKET: SEGMENTATION
FIGURE 2 MARKET: RESEARCH DESIGN
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 DATA TRIANGULATION
FIGURE 6 MARKET, 20172025
FIGURE 7 LITHIUM NICKEL MANGANESE COBALT IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
FIGURE 8 MARKET FOR POWER CAPACITY RANGE 3,00010,000 MAH EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 9 INDUSTRIAL SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2020 AND 2025
FIGURE 10 MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 ATTRACTIVE OPPORTUNITIES IN LITHIUM-ION BATTERY MARKET FROM 2020 TO 2025
FIGURE 12 LI-NMC MARKET EXPECTED TO GROW AT THE HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 13 LI-CO EXPECTED TO HOLD THE LARGEST SHARE OF THE LITHIUM-ION BATTERY MARKET IN APAC BY 2025
FIGURE 14 MARKET FOR INDUSTRIAL EXPECTED TO HOLD LARGEST MARKET SHARE IN 2025
FIGURE 15 MARKET IN CHINA EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025
FIGURE 16 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 17 GLOBAL PLUG-IN VEHICLES
FIGURE 18 VALUE CHAIN ANALYSIS: LITHIUM-ION BATTERY MARKET
FIGURE 19 ELECTRODE COATING PROCESS
FIGURE 20 CELL ASSEMBLY PROCESS
FIGURE 21 CHEMISTRY OF CATHODE
FIGURE 22 GLOBAL END USER MARKET FOR LITHIUM
FIGURE 23 RESERVE VS. PRODUCTION
FIGURE 24 LITHIUM PRICE IN USD PER METRIC TON (2010-2018)
FIGURE 25 TOP PLAYERS IN LITHIUM SUPPLIERS MARKET
FIGURE 26 MARKET, BY TYPE
FIGURE 27 PERFORMANCE PARAMETERS: LI-NMC BATTERIES
FIGURE 28 LITHIUM NICKEL MANGANESE COBALT TYPE IS EXPECTED TO EXPECTED TO HOLD LARGEST MARKET SHARE IN 2020
FIGURE 29 PERFORMANCE PARAMETERS: LFP BATTERIES
FIGURE 30 PERFORMANCE PARAMETERS: LCO BATTERIES
FIGURE 31 PERFORMANCE PARAMETERS: LTO BATTERIES
FIGURE 32 LITHIUM TITANATE OXIDE TYPE MARKET FOR AUTOMOTIVE INDUSTRY IS EXPECTED TO GROW AT THE HIGHEST CAGR
FIGURE 33 PERFORMANCE PARAMETERS: LMO BATTERIES
FIGURE 34 PERFORMANCE PARAMETERS: NCA BATTERIES
FIGURE 35 APAC EXPECTED TO HOLD THE LARGEST SHARE IN MARKET FOR NCA TYPE DURING FORECAST PERIOD
FIGURE 36 TYPES OF LITHIUM-ION BATTERY PRODUCTS
FIGURE 37 MARKET, BY POWER CAPACITY
FIGURE 38 INDUSTRIAL SEGMENT FOR 03,000 MAH BATTERY MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 39 AUTOMOTIVE HELD LARGEST SHARE OF ABOVE 60,000 MAH BATTERY MARKET IN 2019
FIGURE 40 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
FIGURE 41 MARKET, BY INDUSTRY
FIGURE 42 COMPARISON OF BATTERIES WITH RESPECT TO CHARACTERISTICS
FIGURE 43 GEOGRAPHIC SNAPSHOT (2019): CHINA TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
FIGURE 44 NORTH AMERICA: SNAPSHOT OF MARKET
FIGURE 45 EUROPE: SNAPSHOT OF MARKET
FIGURE 46 APAC: SNAPSHOT OF MARKET
FIGURE 47 RANKING OF TOP 5 MARKET PLAYERS, 2019
FIGURE 48 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 49 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
FIGURE 50 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
FIGURE 51 BYD COMPANY: COMPANY SNAPSHOT
FIGURE 52 LG CHEM: COMPANY SNAPSHOT
FIGURE 53 PANASONIC CORPORATION: COMPANY SNAPSHOT
FIGURE 54 SAMSUNG SDI: COMPANY SNAPSHOT
FIGURE 55 GS YUASA CORPORATION: COMPANY SNAPSHOT
FIGURE 56 HITACHI: COMPANY SNAPSHOT
FIGURE 57 JOHNSON CONTROLS: COMPANY SNAPSHOT
FIGURE 58 TOSHIBA CORPORATION: COMPANY SNAPSHOT
The study involved four major activities in estimating the size of the global lithium-ion battery market. Exhaustive secondary research has been conducted to collect information on the market, peer market, and parent market. The validation of these findings and assumptions with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the market size of each segment and subsegment.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. Secondary sources include government sources, corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data has been collected and analyzed to arrive at the overall market size, which has been validated further through primary research.
Primary Research
The lithium-ion battery market comprises several stakeholders such as automotive consultants, consumer electronics manufacturers, lithium-ion battery distributors and providers, lithium-ion battery manufacturing companies, research organizations and consulting companies, and technology investors. The demand side of this market is characterized by automotive, consumer electronics, industrial sector, healthcare, and marine. The supply side is characterized by component suppliers, system integrators, and end-to-end solution providers. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows. Several primary interviews have been conducted with market experts from both the demand- and supply-side vendors from across four regionsNorth America, Europe, APAC, and RoW. 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 through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the lithium-ion battery market. These methods have also been used extensively to estimate the size of various subsegments in the market. Following is the method to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Bottom-Up:
- The list of more than 25 companies offering lithium-ion batteries was identified. Their offerings were mapped based on the end-use industries.
- After understanding the different types of lithium-ion batteries offered by various manufacturers, based on the data gathered through primary and secondary sources, the market was categorized into different segments.
- To derive the global lithium-ion battery market, worldwide shipments of each industry application that were considered in the scope of the report were tracked.
- A suitable penetration rate was assigned to shipment for each industry application to derive the total shipment volume of lithium-ion batteries.
- Using the average selling price (ASP) of lithium-ion batteries, we derived the lithium-ion battery market based on each industry application. The ASP of lithium-ion battery was identified based on secondary sources and validated through primaries.
- For the projected market values for each industry application segment, the Y-o-Y was set to show a slow, growing, or steady growth in accordance with the actual growth rate of the industry market.
- For the CAGR, the market trend analysis was carried out by understanding the industry penetration rate, and the demand for and supply of lithium-ion batteries for different industry applications.
- We also tracked the lithium-ion battery market through the data sanity method. The revenues of more than 50 key providers were analyzed through annual reports and press releases, which summed up to the overall market.
- For each company, a percentage is assigned to their overall revenue, and in a few cases, segmental revenue was derived from the lithium-ion battery business. These percentages for each company were assigned based on the companys product portfolio and its range of lithium-ion battery offerings.
- The estimates at every level were verified and crosschecked by discussing with key opinion leaders, including36* CXOs, directors, and operation managers, and with domain experts in MarketsandMarkets.
- Various paid and unpaid information sources such as annual reports, press releases, white papers, and databases were studied.
Top-Down:
- The global market size of lithium-ion batteries was estimated through data sanity of 25 major companies.
- Types of lithium-ion batteries, their features and properties, and key industry applications served by all players in the lithium-ion battery market were studied to estimate and arrive at the percentage split of the segments.
- Different types of batteries and their penetration for end-use applications that use or are expected to implement lithium-ion batteries in the near future were identified.
- The market split for lithium-ion battery by capacity, type, voltage, and application, based on secondary research, was estimated.
- The demand generated by companies operating in different industry application segments of the industry application was analyzed.
- Ongoing and upcoming projects pertaining to the implementation of lithium-ion batteries by industry applications were tracked, and the market size was estimated based on these developments and other critical parameters.
- Multiple discussions with key opinion leaders across major companies involved in the development of lithium-ion batteries and related components were conducted to validate the market split of individual capacity, type, voltage, and industry application.
- Geographic splits were estimated using secondary sources based on factors such as the number of players in a specific country and region, and on the adoption and use cases of each battery type with regard to applications in the region.
Data Triangulation
After arriving at the overall market size through the process explained above, the total lithium-ion battery market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedure have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both demand- and supply-sides. Along with this, the market has been validated using both top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the global lithium-ion battery market, in terms of value, by capacity, voltage, type, and by industry
- To forecast the global lithium-ion battery market, in terms of volume
- To describe and forecast the lithium-ion battery market, in terms of value, by regionNorth America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their respective countries
- To provide detailed information regarding major factors influencing the growth of the lithium-ion battery market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the lithium-ion battery market
- To strategically profile key players and comprehensively analyze their market shares and core competencies, along with detailing the competitive landscape for the market leaders
- To analyze various competitive developments such as partnerships, acquisitions, product developments, expansions, and SWOT analysis in the lithium-ion battery market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of a company. The following customization options are available for the lithium-ion battery market report:
Company Information
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- Any level of Personalization
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Growth opportunities and latent adjacency in Lithium-Ion Battery Market