The objective of the report is to provide a detailed analysis of the
lithium ion battery on the basis of type, power capacity, industry, and
geography. The report provides detailed information regarding the major
factors influencing the growth of the market. The report also provides a
detailed overview of the value chain in the market and analyzes the
market trends with Porter’s five forces.
The increasing demand of energy-efficient, safe, and low-cost batteries is the key factor driving the growth of the lithium ion battery market. The market was valued at USD 23.51 Billion in 2015 and is expected to grow at a CAGR of 16.6% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022.
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The research methodology used to estimate and forecast the market begins with capturing data on revenue of the key vendors through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the lithium ion battery market from the revenue of key players.
After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.
The increasing demand of energy-efficient, safe, and low-cost batteries is the key factor driving the growth of the lithium ion battery market. The market was valued at USD 23.51 Billion in 2015 and is expected to grow at a CAGR of 16.6% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022.
Downlaod PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=49714593
The research methodology used to estimate and forecast the market begins with capturing data on revenue of the key vendors through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the lithium ion battery market from the revenue of key players.
After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.
“Lithium ion battery market for lithium
nickel manganese cobalt battery type expected to grow at the highest
rate between 2016 and 2022”
Lithium nickel manganese cobalt (Li-NMC) type
batteries are used in application areas like e-bikes, power tools,
medical equipment, and other electric powertrains. Use of cobalt in
1:1:1 ratio with a combination of nickel and manganese gives the optimum
result while keeping the cost low, in spite of cobalt being expensive,
owing to a low proportion of cobalt in the combination. The energy
density of Li-NMC batteries is its primary strength.
“The market for 3000mAh to 10000mAh power capacity batteries expected to grow at the highest rate during the forecast period”
The heavy power capacity of the batteries, ranging
from 3000mAh to 10000mAh, makes them suitable for the use in EVs and
industrial applications. The increasing market of consumer electronics
and smartphones has increased the need of batteries with higher power
capacity which can keep the device running for longer hours and at the
same time giving an optimum experience of the device due to large screen
and power backup service. All these factors would lead to the higher
adoption of lithium ion battery systems having 3000mAh to 10000mAh power
capacity.
“Consumer electronics industry expected to hold the largest share of the lithium ion battery market”
The consumer electronics industry is expected to hold
the largest share of the overall lithium ion battery market. Lithium
ion batteries are a preferred choice for consumer electronics products
as a portable power source because of the features such as high energy
density and less recharge time. These are low on maintenance and light
in weight compared to other rechargeable batteries; therefore, these are
widely adopted in consumer electronics products such as mobile phones,
tablets, and laptops.
“Europe expected to hold the second-largest share of the lithium ion battery market during the forecast period”
The automobile industry in Europe is strategic
industry with the leanest production processes and optimized use of
energy for manufacturing. Increasing market share of EV in Europe is
prominently supporting the adoption of lithium ion batteries. Increasing
funding from the government is supporting the adoption of lithium ion
batteries in electric cars. GREENLION is a project funded by EU for
manufacturing cheaper and dependable lithium ion batteries for electric
cars. These are some of the factors contributing to the growth of the
lithium ion battery market in Europe.
The major players involved in the lithium ion battery
market are LG Chem Ltd. (South Korea), Panasonic Corporation (Japan),
Samsung SDI Co., Ltd. (South Korea), BYD Co. Ltd. (China), BAK Group
(China), A123 Systems, LLC. (U.S.), GS Yuasa Corporation (Japan),
Hitachi, Ltd. (Japan), Johnson Controls Inc. (U.S.), Saft Groupe S.A.
(France), Toshiba Corporation (Japan), and Valence Technology Inc.
(U.S.).
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Email: sales@marketsandmarkets.com
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