Lithium Titanate Oxide (LTO) Battery Market

Lithium Titanate Oxide (LTO) Battery Market by Capacity (Below 3,000 mAh, 3,00110,000 mAh, Above 10,000 mAh), Voltage, Application (Consumer Electronics, Automotive), Component (Electrodes, Electrolytes), Material and Region - Global Forecast to 2028

Report Code: SE 8800 Sep, 2023, by marketsandmarkets.com

[183 Pages Report] The global Lithium Titanate Oxide (LTO) Battery Market Size is expected to grow from USD 4.5 billion in 2023 to USD 7.3 billion by 2028, at a CAGR of 10.1% from 2023 to 2028.

Due to the increase in the trend of industrial automation, the demand for advanced material-handling equipment has also increased. Over the course of time, various technological advancements have taken place in the material handling equipment industry including electrification of industrial vehicles. Automated material handling and lifting equipment including automated guided vehicles (AGVs), autonomous mobile robots (AMRs), and industrial trucks have undergone various technological advancements and have started using batteries such as LTO for increased efficiency and reduced carbon emissions.

Lithium Titanate Oxide (LTO) Battery Market

Lithium Titanate Oxide (LTO) Battery Market

Lithium Titanate Oxide (LTO) Battery Market Forecast to 2028

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Lithium Titanate Oxide (LTO) Battery Market Dynamics

DRIVERS: Growing demand for hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs)

The rising adoption of hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) is fueling the adoption of lithium-ion chemistry-based batteries, such as LTO batteries. Several governments worldwide are actively promoting cleaner transportation alternatives to combat climate change, which has spurred the use of HEVs/PHEVs. Increasing environmental concerns, coupled with government subsidies, tax incentives, and strict emission regulations, are propelling the expansion of the global plug-in hybrid electric vehicle (PHEV) market. Public awareness campaigns such as the “GO Electric” Campaign by the Bureau of Energy Efficiency, India, and the EV30@30 campaign by a global forum called Clean Energy Ministerial (CEM) are being organized to educate individuals about the benefits of PHEVs compared with conventional vehicles. This trend will help to drive the adoption of LTO batteries.

RESTRAINTS: Higher cost compared with other lithium-ion battery chemistries

The higher cost of LTO batteries compared with other lithium-ion battery chemistries is predominantly attributed to the raw materials used in their production, particularly high-purity lithium and titanium. The manufacturing process for LTO batteries also involves the use of specialized materials and techniques, resulting in higher production costs. As a result, the higher cost of LTO batteries has hindered their widespread adoption in certain applications where cost competitiveness is crucial. Further, the cost factor challenges LTO batteries to achieve broad market acceptance, especially in price-sensitive markets such as consumer electronics and electric vehicles. The higher upfront cost of LTO batteries deters manufacturers and consumers from choosing them over alternative battery chemistries that offer similar performance at a lower cost.
OPPORTUNITIES: Increasing demand for LTO battery-based devices in medical sector

LTO batteries are known for their excellent safety features, including a lower risk of thermal runaway and reduced fire hazard compared to other lithium-ion chemistries. This is paramount in medical devices, where patient safety and reliable operation are critical. Metabolism trackers, smart anti-snoring muscle stimulators, pacemakers, medical defibrillators, oximeters, medical robots, infusion pumps, and ventilators are some of the medical devices that are potential applications of LTO batteries. The medical device industry has experienced significant growth worldwide in recent years. Several factors contribute to the growth of the medical device industry, including technological advancements, an aging population, increasing healthcare expenditure, and a rise in lifestyle-related diseases. The growing expenditure in the medical sector is expected to fuel the demand for LTO batteries and create growth opportunities for the market players.

CHALLENGES: Availability of alternative lithium-ion chemistries

LTO batteries face tough competition from other well-established lithium-ion chemistries such as lithium nickel manganese cobalt (NMC), lithium iron phosphate (LFP), and lithium cobalt oxide (LCO), as well as emerging battery technologies such as solid-state batteries, silicon anode batteries, and lithium-sulfur batteries. These alternative technologies offer higher energy density and are available at lower costs, posing a challenge to LTO batteries in terms of market competitiveness. Continual innovation, cost reduction efforts, and differentiation based on unique properties will be crucial for LTO batteries to remain competitive. Besides, the awareness regarding the benefits of LTO batteries is lower compared with other lithium-ion chemistries. Many industries and consumers are more familiar with other battery technologies, such as lithium iron phosphate (LFP) or lithium nickel manganese cobalt oxide (NMC). Hence, raising awareness about the benefits and potential applications of LTO batteries and educating potential customers and end-users about their unique characteristics is essential for market growth.

LTO Battery Market Ecosystem

Prominent companies in this market include well-established manufacturers such as Toshiba Corporation (Japan), Microvast Holdings, Inc. (US), and Nichicon Corporation (Japan). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Along with the well-established companies, there are a large number of small and medium scale companies operating in this market, such as LiTech Power Co.,Ltd. (Germany), OSN Power Energy Limited (China), GRINERGY (South Korea).

Lithium Titanate Oxide (LTO) Battery Market by Ecosystem

High voltage batteries segment is expected hold the largest market share during the forecast period.

High voltage batteries are used in marine, power, automotive, industrial, aerospace, and telecommunication applications. They are crucial in marine and aerospace applications, providing robust power for electric propulsion, energy storage, and equipment in submarines, ships, unmanned aerial vehicles (UAVs), and military vehicles. These batteries enhance efficiency, reduce emissions, and ensure reliability in demanding environments, aligning with the growing emphasis on advanced technology in these applications. Compared with traditional lead-acid and nickel-cadmium batteries, they offer higher power, longer lifespan, and enhanced safety features. With high power capacities and deep-cycle capabilities, these batteries deliver exceptional performance. Additionally, they are equipped with automatic battery management systems that ensure peak performance, prevent overcharging and overheating, and optimize cell cycle life.

The market for above 10,000 mAh capacity is projected to gain highest market share during the forecast period

Above 10,000 mAh LTO batteries are used in applications that require high battery power, such as electric buses, electric ferries, energy storage systems, hybrid electric buses/trucks, railways, cranes, and industrial vehicles such as electric forklifts, AGVs, and AMRs. These batteries are also being used in the aerospace and marine industries. The growing hybrid electric vehicle industry and the demand for renewable energy storage will drive the adoption of LTO batteries in the market.

Lithium Titanate Oxide (LTO) Battery Market by Region

Lithium Titanate Oxide (LTO) Battery Market by Region

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The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028.

The Asia Pacific market has been studied for China, Japan, India, South Korea, and the Rest of the Asia Pacific. The presence of several electronics manufacturers in the region, such as Panasonic Holdings Corporation (Japan), Sony Corporation (Japan), Samsung Electronics (South Korea), and LG Electronics Inc. (South Korea), is a crucial factor driving the regional market growth. The countries in Asia Pacific are moving toward green energy and, therefore, are focusing on developing an ecosystem to manufacture LTO batteries locally. The region has become an attractive automotive market, emerging as a hub for automobile production in recent years. The increasing purchasing power of the population has stimulated the demand for consumer electronics and automobiles, thereby generating demand for LTO batteries.

Key Market Players

Some of the key players in global LTO battery companies include Toshiba Corporation (Japan), Microvast Holdings, Inc. (US), Nichicon Corporation (Japan), Leclanché SA (Switzerland), Gree Altairnano New Energy Inc. (China), Clarios (US), AA Portable Power Corp. (US), GRINERGY (South Korea), Zenaji Pty Ltd. (Australia), Log9 Materials (India), LiTech Power Co., Ltd. (Germany) and others.

Lithium Titanate Oxide (LTO) Battery Market Report Scope

Report Metric

Details

Market Size Available for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Units

Value (USD Million/Billion)

Segments Covered

Capacity, Voltage, and Application

Geographic Regions Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

Major Players: Toshiba Corporation (Japan), Microvast Holdings, Inc. (US), Nichicon Corporation (Japan), Leclanché SA (Switzerland), Gree Altairnano New Energy Inc. (China), Clarios (US), AA Portable Power Corp. (US), GRINERGY (South Korea), Zenaji Pty Ltd. (Australia), Log9 Materials (India), LiTech Power Co., Ltd. (Germany) and Others- (Total 20 players have been covered)

Lithium Titanate Oxide (LTO) Battery Market Highlights

This research report categorizes the LTO battery market by component, material, capacity, voltage, application, and region.

Segment

Subsegment

By Component:

  • Electrodes
    • Cathode
    • Anode
  • Electrolytes

By Material:

  • Lithium Titanate
  • Graphite
  • Metal Oxides

By Capacity:

  • Below 3,000 mAh
  • 3,001–10,000 mAh
  • Above 10,000 mAh

By Voltage:

  • Low
  • Medium
  • High

By Application:

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

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • South America
    • Middle East & Africa

Recent Developments

  • In June 2023, Nichicon Corporation introduced evaluation boards to accelerate the design process for applications with small lithium-titanate rechargeable batteries. The evaluation board used to configure a power supply using environmental power generation by inserting the SLB series into the board and connecting it to a power generation device.
  • In January 2022, Toshiba Corporation launched a 20Ah-HP SCiB rechargeable lithium-ion battery cell that can deliver high energy and power.
  • In June 2021, Leclanché SA introduced an M3 power module with high energy and power density compared to the previous module. The company’s module offers a very-high cycle life of up to 20,000 cycles (LTO) or 8,000 cycles (G/NMC), significantly reducing total ownership cost, making it ideal for commercial applications.

Frequently Asked Questions (FAQs):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 20)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH APPROACH 
           FIGURE 2 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    FIGURE 3 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: RESEARCH APPROACH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of 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 primaries
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis
                               FIGURE 4 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down analysis
                               FIGURE 5 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: TOP-DOWN APPROACH
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           TABLE 1 ASSUMPTIONS
    2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET 
    2.6 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 37)
    FIGURE 8 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, 2019–2028 (USD MILLION)
    FIGURE 9 ABOVE 10,000 MAH SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
    FIGURE 10 HIGH VOLTAGE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
    FIGURE 11 INDUSTRIAL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2028
 
4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET 
           FIGURE 13 GROWING ADOPTION OF LTO BATTERIES IN AUTOMOTIVE AND POWER APPLICATIONS
    4.2 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY 
           FIGURE 14 ABOVE 10,000 MAH SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
    4.3 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION 
           FIGURE 15 POWER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.4 NORTH AMERICAN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY AND COUNTRY 
           FIGURE 16 ABOVE 10,000 MAH SEGMENT AND US TO HOLD LARGEST SHARES OF NORTH AMERICAN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET IN 2028
    4.5 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY 
           FIGURE 17 CHINA TO REGISTER HIGHEST CAGR IN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 44)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 18 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs)
                               FIGURE 19 GLOBAL PHEV SALES, 2018–2022 (THOUSAND UNITS)
                    5.2.1.2 Rising demand for renewable energy storage systems
                               FIGURE 20 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Higher cost compared with other lithium-ion battery chemistries
                               FIGURE 21 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising demand for battery-operated material-handling equipment
                    5.2.3.2 Increasing demand for LTO battery-based devices in medical sector
                               FIGURE 22 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Availability of alternative lithium-ion chemistries
                               FIGURE 23 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 24 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 25 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: ECOSYSTEM ANALYSIS
           TABLE 2 COMPANIES AND THEIR ROLE IN LITHIUM TITANATE OXIDE (LTO) BATTERY ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE (ASP) TREND OF LITHIUM-ION BATTERY PACKS AND CELLS
                    FIGURE 26 AVERAGE SELLING PRICE (ASP) TREND OF LITHIUM-ION BATTERY PACKS AND CELLS, 2013–2022
           5.5.2 AVERAGE SELLING PRICE (ASP) OF LTO BATTERIES OFFERED BY THREE KEY PLAYERS
                    FIGURE 27 AVERAGE SELLING PRICE (ASP) OF LTO BATTERIES OFFERED BY THREE KEY PLAYERS
                    TABLE 3 AVERAGE SELLING PRICE (ASP) OF LTO BATTERIES OFFERED BY THREE KEY PLAYERS
           5.5.3 AVERAGE SELLING PRICE (ASP) TREND, BY REGION
                    TABLE 4 AVERAGE SELLING PRICE (ASP) TREND, BY REGION
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 28 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 LITHIUM-SILICON BATTERY
           5.7.2 SOLID-STATE BATTERY
           5.7.3 ZINC-MANGANESE BATTERY
           5.7.4 LITHIUM-SULFUR BATTERY
           5.7.5 SODIUM-SULFUR BATTERY
           5.7.6 METAL-AIR BATTERY
           5.7.7 LIQUID-METAL BATTERY
           5.7.8 POTASSIUM METAL BATTERY
           5.7.9 VANADIUM FLOW BATTERY
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 5 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 29 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
           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 ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 7 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.10 CASE STUDY ANALYSIS 
           5.10.1 AGP CORPORATION DEVELOPED BATTERY-POWERED GPU USING LTO BATTERY
           5.10.2 MAEDA SEISAKUSHO USED SCIB LTO BATTERIES IN SPIDER CRANES AND MINI CRANES TO REDUCE NOISE LEVELS AND EXHAUST EMISSIONS
           5.10.3 NICHICON CORPORATION OFFERED SLB SERIES LTO BATTERIES FOR S PENS TO FACILITATE FAST CHARGING RATE AND HIGH STABILITY
    5.11 TRADE ANALYSIS 
           5.11.1 IMPORT SCENARIO
                    FIGURE 32 IMPORT DATA FOR LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)
           5.11.2 EXPORT SCENARIO
                    FIGURE 33 EXPORT DATA FOR LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)
    5.12 PATENT ANALYSIS 
           FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 8 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
           FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022
           TABLE 9 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: LIST OF PATENTS, 2021–2023
    5.13 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 10 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: LIST OF CONFERENCES AND EVENTS
    5.14 REGULATORY LANDSCAPE 
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.15 STANDARDS 
           TABLE 15 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: STANDARDS
 
6 COMPONENTS OF LITHIUM TITANATE OXIDE (LTO) BATTERIES (Page No. - 72)
    6.1 INTRODUCTION 
    6.2 ELECTRODES 
           6.2.1 FACILITATE ELECTROCHEMICAL REACTIONS IN LTO BATTERIES
                    6.2.1.1 Cathode
                    6.2.1.2 Anode
    6.3 ELECTROLYTES 
           6.3.1 MAINTAIN STABLE AND CONDUCTIVE ENVIRONMENT IN LTO BATTERIES
 
7 MATERIALS USED IN LITHIUM TITANATE OXIDE (LTO) BATTERIES (Page No. - 73)
    7.1 INTRODUCTION 
    7.2 LITHIUM TITANATE 
           7.2.1 OFFERS THERMAL STABILITY AND SAFETY DUE TO SPINEL STRUCTURE
    7.3 GRAPHITE 
           7.3.1 USED AS PRIMARY ANODE MATERIAL IN CONVENTIONAL LI-ION BATTERIES
    7.4 METAL OXIDES 
           7.4.1 OFFERS HIGH ENERGY DENSITY AND EXCELLENT PERFORMANCE
 
8 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY (Page No. - 74)
    8.1 INTRODUCTION 
           FIGURE 36 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY
           FIGURE 37 ABOVE 10,000 MAH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 16 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
           TABLE 17 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
    8.2 BELOW 3,000 MAH 
           8.2.1 EXPANDING CONSUMER ELECTRONICS INDUSTRY
                    TABLE 18 BELOW 3,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 19 BELOW 3,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 20 BELOW 3,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 21 BELOW 3,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 3,001–10,000 MAH 
           8.3.1 RISING DEMAND FOR HYBRID ELECTRIC VEHICLES (HEVS)
                    TABLE 22 3,001–10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 23 3,001–10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 24 3,001–10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 25 3,001–10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 ABOVE 10,000 MAH 
           8.4.1 GROWING REQUIREMENT FOR HIGH-CAPACITY BATTERIES IN HIGH-POWER APPLICATIONS
                    TABLE 26 ABOVE 10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 27 ABOVE 10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 28 ABOVE 10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 29 ABOVE 10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE (Page No. - 82)
    9.1 INTRODUCTION 
           FIGURE 38 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE
           FIGURE 39 HIGH VOLTAGE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
           TABLE 30 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
           TABLE 31 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)
    9.2 LOW 
           9.2.1 GROWING ADOPTION OF LTO BATTERIES IN CONSUMER ELECTRONICS INDUSTRY
                    TABLE 32 LOW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 33 LOW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 MEDIUM 
           9.3.1 RISING USE OF LTO BATTERIES IN VARIOUS APPLICATIONS ATTRIBUTED TO LONG OPERATIONAL LIFE
                    TABLE 34 MEDIUM: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 35 MEDIUM: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 HIGH 
           9.4.1 SUPERIOR PERFORMANCE OVER TRADITIONAL BATTERIES
                    TABLE 36 HIGH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 37 HIGH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION (Page No. - 88)
     10.1 INTRODUCTION 
             FIGURE 40 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION
             FIGURE 41 POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
             TABLE 38 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 39 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.2 CONSUMER ELECTRONICS 
             10.2.1 GROWING DEMAND FOR LTO BATTERIES OWING TO HIGH ENERGY DENSITY AND LONG LIFE
                        TABLE 40 CONSUMER ELECTRONICS: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 41 CONSUMER ELECTRONICS: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 42 CONSUMER ELECTRONICS: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 43 CONSUMER ELECTRONICS: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 AUTOMOTIVE 
             10.3.1 INCREASING GLOBAL ADOPTION OF HYBRID ELECTRIC VEHICLES (HEVS) AND PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)
                        10.3.1.1 Hybrid electric vehicles (HEVs)
                        10.3.1.2 Plug-in hybrid electric vehicles (PHEVs)
                                     TABLE 44 AUTOMOTIVE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                                     TABLE 45 AUTOMOTIVE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                                     TABLE 46 AUTOMOTIVE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                                     TABLE 47 AUTOMOTIVE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.4 AEROSPACE 
             10.4.1 GROWING NEED FOR HIGH-POWER AND SAFE BATTERIES
                        TABLE 48 AEROSPACE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 49 AEROSPACE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 50 AEROSPACE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 51 AEROSPACE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.5 MARINE 
             10.5.1 RISING DEMAND ATTRIBUTED TO FAST CHARGING AND DURABILITY FEATURES
                        TABLE 52 MARINE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 53 MARINE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 54 MARINE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 55 MARINE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.6 MEDICAL 
             10.6.1 GROWING NEED FOR RELIABLE AND SAFE BATTERIES IN MEDICAL DEVICES
                        TABLE 56 MEDICAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 57 MEDICAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 58 MEDICAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 59 MEDICAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.7 INDUSTRIAL 
             10.7.1 INCREASING USE OF ELECTRIC MATERIAL HANDLING EQUIPMENT
                        TABLE 60 INDUSTRIAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 61 INDUSTRIAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 62 INDUSTRIAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 63 INDUSTRIAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.8 POWER 
             10.8.1 GROWING DEPLOYMENT OF RENEWABLE ENERGY STORAGE SYSTEMS
                        TABLE 64 POWER: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 65 POWER: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 66 POWER: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 67 POWER: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.9 TELECOMMUNICATION 
             10.9.1 LONG LIFE, FAST CHARGING, AND REDUCED CARBON EMISSIONS
                        TABLE 68 TELECOMMUNICATION: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 69 TELECOMMUNICATION: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 70 TELECOMMUNICATION: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 71 TELECOMMUNICATION: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION (Page No. - 105)
     11.1 INTRODUCTION 
             FIGURE 42 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION
             FIGURE 43 CHINA TO BE FASTEST-GROWING LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET DURING FORECAST PERIOD
             TABLE 72 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 73 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: RECESSION IMPACT
                        FIGURE 44 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SNAPSHOT
                        FIGURE 45 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET IN 2028
                        TABLE 74 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 75 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 76 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 77 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 78 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                        TABLE 79 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)
                        TABLE 80 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 81 NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.2 US
                        11.2.2.1 Presence of favorable policies and rising government-led investments in battery industry
             11.2.3 CANADA
                        11.2.3.1 Growing adoption of low and zero-emission vehicles
             11.2.4 MEXICO
                        11.2.4.1 Rising investments in lithium-ion battery manufacturing
     11.3 EUROPE 
             11.3.1 EUROPE LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT OF RECESSION
                        FIGURE 46 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SNAPSHOT
                        FIGURE 47 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET DURING FORECAST PERIOD
                        TABLE 82 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 83 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 84 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 85 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 86 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                        TABLE 87 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)
                        TABLE 88 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 89 EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.2 GERMANY
                        11.3.2.1 Booming healthcare and automotive sectors
             11.3.3 UK
                        11.3.3.1 Increasing use of HEVs and PHEVs
             11.3.4 FRANCE
                        11.3.4.1 Rising investments in battery manufacturing
             11.3.5 REST OF EUROPE
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT OF RECESSION
                        FIGURE 48 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SNAPSHOT
                        FIGURE 49 CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET IN 2028
                        TABLE 90 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 91 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 92 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 93 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 94 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                        TABLE 95 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)
                        TABLE 96 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 97 ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.2 CHINA
                        11.4.2.1 Presence of abundant titanium reserves
             11.4.3 JAPAN
                        11.4.3.1 Healthy growth of automotive sector
             11.4.4 INDIA
                        11.4.4.1 Discovery of lithium reserves
             11.4.5 SOUTH KOREA
                        11.4.5.1 Government-led support to promote green initiatives
             11.4.6 REST OF ASIA PACIFIC
     11.5 ROW 
             11.5.1 ROW LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT OF RECESSION
                        FIGURE 50 MIDDLE EAST & AFRICA TO REGISTER HIGHER CAGR IN ROW LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET DURING FORECAST PERIOD
                        TABLE 98 ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 99 ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 100 ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                        TABLE 101 ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                        TABLE 102 ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)
                        TABLE 103 ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)
                        TABLE 104 ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 105 ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.5.2 MIDDLE EAST & AFRICA
                        11.5.2.1 Increasing government-led focus on reducing carbon emissions
             11.5.3 SOUTH AMERICA
                        11.5.3.1 Growing demand for consumer electronics and medical devices
 
12 COMPETITIVE LANDSCAPE (Page No. - 130)
     12.1 OVERVIEW 
     12.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 
             TABLE 106 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     12.3 REVENUE ANALYSIS, 2018–2022 
             FIGURE 51 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: REVENUE ANALYSIS OF FOUR KEY PLAYERS, 2018–2022
     12.4 MARKET SHARE ANALYSIS, 2022 
             TABLE 107 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SHARE ANALYSIS, 2022
             FIGURE 52 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
     12.5 EVALUATION MATRIX OF KEY COMPANIES, 2022 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                        FIGURE 53 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022
             12.5.5 COMPANY FOOTPRINT
                        TABLE 108 COMPANY FOOTPRINT
                        TABLE 109 APPLICATION: COMPANY FOOTPRINT
                        TABLE 110 REGION: COMPANY FOOTPRINT
     12.6 EVALUATION MATRIX OF STARTUPS/ SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                        FIGURE 54 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: EVALUATION MATRIX OF STARTUPS/SMES, 2022
             12.6.5 COMPETITIVE BENCHMARKING OF STARTUPS/SMES
                        TABLE 111 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: LIST OF KEY STARTUPS/SMES
                        TABLE 112 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.7 COMPETITIVE SCENARIOS AND TRENDS 
             12.7.1 PRODUCT LAUNCHES
                        TABLE 113 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: PRODUCT LAUNCHES, 2020–2023
             12.7.2 DEALS
                         TABLE 114 LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: DEALS, 2020–2023
 
13 COMPANY PROFILES (Page No. - 145)
     13.1 KEY PLAYERS 
(Business Overview, Products offered, Recent Developments, MnM View)*  
             13.1.1 TOSHIBA CORPORATION
                        TABLE 115 TOSHIBA CORPORATION: COMPANY OVERVIEW
                        FIGURE 55 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                        TABLE 116 TOSHIBA CORPORATION: PRODUCTS OFFERED
                        TABLE 117 TOSHIBA CORPORATION: PRODUCT LAUNCHES
             13.1.2 MICROVAST HOLDINGS, INC.
                        TABLE 118 MICROVAST HOLDINGS, INC.: COMPANY OVERVIEW
                        FIGURE 56 MICROVAST HOLDINGS, INC.: COMPANY SNAPSHOT
                        TABLE 119 MICROVAST HOLDINGS, INC.: PRODUCTS OFFERED
                        TABLE 120 MICROVAST HOLDINGS, INC.: DEALS
             13.1.3 NICHICON CORPORATION
                        TABLE 121 NICHICON CORPORATION: COMPANY OVERVIEW
                        FIGURE 57 NICHICON CORPORATION: COMPANY SNAPSHOT
                        TABLE 122 NICHICON CORPORATION: PRODUCTS OFFERED
                        TABLE 123 NICHICON CORPORATION: PRODUCT LAUNCHES
             13.1.4 LECLANCHÉ SA
                        TABLE 124 LECLANCHÉ SA: COMPANY OVERVIEW
                        FIGURE 58 LECLANCHÉ SA: COMPANY SNAPSHOT
                        TABLE 125 LECLANCHÉ SA: PRODUCTS OFFERED
                        TABLE 126 LECLANCHÉ SA: PRODUCT LAUNCHES
             13.1.5 CLARIOS
                        TABLE 127 CLARIOS: COMPANY OVERVIEW
                        FIGURE 59 CLARIOS: COMPANY SNAPSHOT
                        TABLE 128 CLARIOS: PRODUCTS OFFERED
                        TABLE 129 CLARIOS: DEALS
             13.1.6 GREE ALTAIRNANO NEW ENERGY INC.
                        TABLE 130 GREE ALTAIRNANO NEW ENERGY INC.: COMPANY OVERVIEW
                        TABLE 131 GREE ALTAIRNANO NEW ENERGY INC.: PRODUCTS OFFERED
                        TABLE 132 GREE ALTAIRNANO NEW ENERGY INC.: DEALS
             13.1.7 HUNAN HUAHUI NEW ENERGY CO., LTD.
                        TABLE 133 HUNAN HUAHUI NEW ENERGY CO., LTD.: COMPANY OVERVIEW
                        TABLE 134 HUNAN HUAHUI NEW ENERGY CO., LTD.: PRODUCTS OFFERED
             13.1.8 PADRE ELECTRONICS CO., LIMITED
                        TABLE 135 PADRE ELECTRONICS CO., LIMITED: COMPANY OVERVIEW
                        TABLE 136 PADRE ELECTRONICS CO., LIMITED: PRODUCTS OFFERED
*Details on Business Overview, Products offered, Recent Developments, MnM View might not be captured in case of unlisted companies.  
     13.2 OTHER PLAYERS 
             13.2.1 AA PORTABLE POWER CORP.
             13.2.2 AOT BATTERY TECHNOLOGY CO., LTD.
             13.2.3 ELB ENERGY GROUP
             13.2.4 GRINERGY
             13.2.5 LITECH POWER CO., LTD.
             13.2.6 LOG9 MATERIALS
             13.2.7 LTO BATTERY CO., LTD.
             13.2.8 NEI CORPORATION
             13.2.9 OSN POWER ENERGY LIMITED
             13.2.10 SHENZHEN SIQI NEW ENERGY COMPANY LIMITED
             13.2.11 TARGRAY TECHNOLOGY INTERNATIONAL INC.
             13.2.12 ZENAJI PTY LTD.
 
14 ADJACENT AND RELATED MARKETS (Page No. - 172)
     14.1 INTRODUCTION 
     14.2 MICRO BATTERY MARKET, BY REGION 
             14.2.1 INTRODUCTION
                        TABLE 137 MICRO BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 138 MICRO BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
             14.2.2 NORTH AMERICA
                        TABLE 139 NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 140 NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        14.2.2.1 US
                                     14.2.2.1.1 Rising demand for smart packaging
                        14.2.2.2 Canada
                                     14.2.2.2.1 Growing adoption of IoT technology in medical sector
                        14.2.2.3 Mexico
                                     14.2.2.3.1 Expanding consumer electronics market
 
15 APPENDIX (Page No. - 176)
     15.1 INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the lithium titanate oxide (LTO) battery market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next step has been to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the LTO battery market.

Secondary Research

Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Primary sources mainly consist of several experts from the core and related industries, along with preferred LTO battery providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from LTO battery providers, such as Toshiba Corporation (Japan), Microvast Holdings, Inc. (US), Leclanché SA (Switzerland), and Nichicon Corporation (Japan); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.

Lithium Titanate Oxide (LTO) Battery Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the LTO battery market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Top-down Approach

In the top-down approach, the overall market size has been used to estimate the size of the individual market segments (mentioned in market segmentation) through percentage splits from secondary and primary research. For specific market segments, the size of the most appropriate immediate parent market has been used to implement the top-down approach. The bottom-up approach has also been implemented for data obtained from secondary research to validate the market size of various segments.

LTO Battery Market: Top-down Approach

Lithium Titanate Oxide (LTO) Battery Market Size, and Top-down Approach

Bottom-Up Approach

The bottom-up approach has been used to arrive at the overall size of the LTO battery market from the revenues of the key players and their market shares. Calculations based on revenues of key companies identified in the market led to the estimation of their overall market size.

LTO Battery Market: Bottom-up Approach

Lithium Titanate Oxide (LTO) Battery Market Size, and Bottom-up Approach

Market Definition

Lithium titanate oxide (LTO) battery is a type of lithium-ion battery known for its unique characteristics and diverse applications. A LTO battery uses a titanate-based anode, allowing for a faster flow of lithium ions. This battery has gained prominence in various industries as an advanced energy storage solution due to its exceptional safety features, fast charging capabilities, and long life. Its composition, which includes a titanate-based anode, sets it apart from conventional lithium-ion batteries and provides distinct advantages in specific use cases. LTO batteries have found applications in automotive, grid-scale energy storage, and consumer electronics. As battery technology continues to evolve, LTO batteries remain a promising option for addressing the demands of modern energy storage and power management needs.

Key Stakeholders

  • Government bodies, such as regulatory authorities and policymakers
  • Organizations, forums, alliances, and associations
  • Market research and consulting firms
  • Raw material suppliers and distributors
  • Research institutes and organizations
  • Battery cell and battery pack manufacturers
  • Testing, inspection, and certification providers
  • Distributors and resellers
  • End-users

Report Objectives

  • To define and forecast the LTO battery market regarding voltage, capacity, and application.
  • To describe and forecast the LTO battery market and its value segments for four regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries.
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micro-markets concerning individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the LTO battery market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To strategically profile key players and comprehensively analyze their market position regarding ranking and core competencies, along with a detailed market competitive landscape.
  • To analyze strategic approaches such as agreements, collaborations, and partnerships in the LTO battery market
  • To provide an analysis of the recession impact on the growth of the market and its segments

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)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 8800
Published ON
Sep, 2023
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