Home » Lithium-Ion Battery Market Share to Hit $71.04 Billion, by 2025

Lithium-Ion Battery Market Share to Hit $71.04 Billion, by 2025

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Insight Partners

The global lithium-ion battery market size is estimated to grow at a CAGR of 14.9% from 2019 to 2025, and is projected to reach USD 71.04 billion in 2025 from USD 26.9 billion in 2018. .

NEW YORK, Nov. 24, 2022 (GLOBE NEWSWIRE) — According to new research from The Insight Partners, “Lithium-ion battery market Size, Share and Growth Forecast to 2025 – Global Analysis and Forecast Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt Oxide, Lithium Manganese Oxide, Lithium Titanate Oxide), By Power Capacity ( 0 – 3000mAh, 3000 – 10000mAh, 10000mAh – 60000mAh, and >60000mAh), By Application (Home Appliances, Automotive, Industrial, Energy Storage Systems, Aerospace & Defense, Medical Devices, Others), Global Lithium Ion Battery Market Growth continues to invest in the development of the growing need and demand for electric vehicles, the worldwide proliferation of consumer electronics, and improved efficiency of lithium-ion batteries. The Asia-Pacific lithium-ion battery market is projected to grow at an attractive CAGR growth rate of 14.6% from 2018 to 2025.

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Global Lithium Ion Battery Market – Report Scope:

market size value

US$26.9 billion in 2018

By market size value

USD 71.04 billion by 2025

growth rate

14.9% CAGR from 2019 to 2025

Forecast period

2019-2025

base year

2019

page number

151

number of tables

17

Number of figures and figures

75

Historical data available

yes

Target segment

Type, power capacity, application

Area range

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

country range

USA, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, United Arab Emirates, Saudi Arabia, South Africa, Brazil, Argentina

Report coverage

Earnings forecasts, company rankings, competitive landscape, growth factors, trends

Global Lithium Ion Battery Market: Competitive Landscape and Key Developments

Tesla Motors Inc., Panasonic Corporation, Toshiba Corporation, Samsung SDI Co. Ltd., Automotive Energy Supply Corporation, Hitachi Chemical Co., Ltd., LG Chem Ltd., GS Yuasa Corporation, A123 Systems LLC, Johnson Controls International Inc. Lithium Ion It is one of the key companies profiled in the battery market report. In order to get a complete picture of the market and its ecosystem, we have analyzed several other significant market players. The report provides detailed market insights to help key players strategize their growth. Some developments in the Lithium Ion Battery market are listed below.

  • In 2018, Toshiba Infrastructure Systems & Solutions Corporation and Companhia Brasileira de Metalurgia e Mineração signed a joint research and development agreement on the development of anode materials for lithium-ion batteries using niobium titanium oxide (NTO).

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  • In 2017, Samsung SDI completed construction of an EV battery factory in Hungary. This factory is involved in the production of high-power, high-efficiency batteries designed using state-of-the-art technology.

Growth Drivers of Lithium Ion Battery Market:

Emergence of new technologies to upgrade the existing materials of lithium-ion batteries to offer lucrative opportunities for the growth of the lithium-ion battery market from 2019 to 2025.

Lithium-ion batteries, used for energy storage and power supply to various industrial sectors, are currently very popular, especially in the automotive and consumer electronics industries. Benefits such as higher energy efficiency and extended battery life provided by these batteries are driving wider adoption. In the current scenario, almost all computer electronics, smartphones, tablets, and other consumer electronics are powered by lithium-ion batteries. The development of advanced energy storage technologies is a key component of the successful decarbonization of modern economies. Over the last few years they have played a major role in the growth and evolution of the energy, automotive and electronics sectors. Multiple technologies exist including pump water, compressed air, flywheels and batteries. Lithium-ion technology has provided the energy and power requirements to meet the technological demands of these three areas.

The amount of consumer electronic devices surges worldwide

Lithium-ion batteries are a type of rechargeable battery that are stable, safe, and have a large energy capacity compared to other commercially available batteries. The surge in demand from electric vehicles, consumer electronics, and energy storage systems is driving the production of lithium-ion batteries. Widely used in various electronic devices such as mobile phones, laptops, iPods, PDAs, etc. Lithium-ion battery applications also consist of radio-controlled hobby vehicles, notebooks, portable vaporizers, drones, and UAVs. There is now a growing demand for connected and smart consumer products compared to simple electronics or purely mechanical devices. However, in such smart devices, the battery is an important power capacity considered during product design. As a result, lithium-ion batteries have become a popular choice for consumer electronics due to their design flexibility, charging capability, and ease of adaptation to custom sizes. Lithium-ion batteries are therefore poised to offer many lucrative business opportunities for market players in the coming years.

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The growth of the North American lithium-ion battery market is primarily driven by increasing developments in adoption of modern technology, living standards, infrastructure, and many other aspects. Across North America, technological advancements are creating a highly competitive market. With increasing customer demand for quality services and products, companies are constantly innovating to serve their customers in the best possible way. A technologically advanced country, coupled with high personal disposable income, has led to a flourishing consumer electronics industry in the region. The density of consumer electronics in this region is very high. Smartphones, tablets, personal computers, music players, DVD players, televisions, washing machines and other consumer electronics are gaining a broader audience in North America. Lithium-ion batteries extend battery life and increase energy efficiency in these consumer electronics. Therefore, more device manufacturers in the North American region are integrating lithium-ion batteries. General Electric, Alpine Electronics, Apple, Inc., BBK Electronics, Harman International, and HP Inc. are the major consumer electronics manufacturers in North America.

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Lithium Ion Battery Market: Industry Overview

The lithium-ion battery market is segmented based on type, power capacity, application, and geography. Based on type, the lithium ion battery market is segmented into lithium cobalt oxide batteries, lithium iron phosphate batteries, nickel manganese lithium cobalt oxide batteries, lithium manganese batteries, lithium titanate oxide batteries and others. In terms of power capacity, the lithium-ion battery market is segmented into 0-3000mAh, 3000mAh-10000mAh, 10000-60000mAh, and >60000mAh. Based on application, the lithium-ion battery market is segmented into consumer electronics, automotive, industrial, energy storage systems, aerospace and defense, medical and healthcare, and others. Based on region, the lithium ion battery market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

See other research published by The Insight Partners.

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Battery test equipment market Forecast to 2028 – Impact of COVID-19 and Product Types (Portable and Fixed), Applications (Module Test, Cell Test and Pack Test), and End Users (Automotive, Electronics and Semiconductors, Telecom, Healthcare, Global Analysis by Energy & Utilities),) Others

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Industrial battery market To 2027 – Global Analysis and Forecast by Type (Lead-Acid Batteries, Lithium-Based Batteries, Nickel-Based Batteries, Others); ships, etc.)

about us:
Insight Partners is your one-stop industry research provider for actionable intelligence. We help clients obtain solutions to their research requirements through syndication and consulting research services. We specialize in industries such as Semiconductor & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare IT, Manufacturing & Construction, Medical Devices, Technology, Media & Telecommunications, Chemicals & Materials.

inquiry:
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contact person: Samir Joshi
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phone: +1-646-491-9876
press release: https://www.theinsightpartners.com/pr/lithium-ion-battery-market

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