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Global Lithium-ion Battery Market By Type (Li-NMC, LCO, Others), By Voltage (Below 12 V, 12-36 V, Others), By Power Capacity (0-3000 mAH, 3000-10,000 mAH, Others), By End-Users, By Region, Forecast & Opportunities to 2026

The global lithium-ion battery market accounted for a value of USD 38.9 billion in 2019 and is projected to register growth at a CAGR of 12.5% during forecast period.

COVID-19 has impacted lithium-ion battery significantly. All the production and assembly activities were halted due to lockdown in many countries. The supply of raw material and finished products was immensely affected due to travel restriction and border closers. The sales of lithium-ion battery are immensely hit by the corona virus outbreak. The lithium-ion battery will foresee growth from the beginning of 2021.

Definition:

Lithium-ion battery is a type of rechargeable battery and it is used in electric vehicles and portable electronics. In this battery, lithium ion moves from negative electrode to positive electrode via an electrolyte and it moves back when charging. It has high energy density and lower self discharge.

Market Dynamics (Drivers/Opportunities):

The automotive industry is developing rapidly around the world. The adoption of EVs is increasing as it does not affect environment. The EVs sales are increasing in many countries around the world and this increase market for lithium ion batteries. Governments in many countries are adopting several policies to promote sales of electric vehicle. The increase in nuclear power plants, wind farms and photovoltaic installation also increase the market for lithium ion battery. All these factors drive growth in lithium ion market during forecast period.

The adoption of lithium ion batteries is increasing in electronic devices such as digital cameras and smartphones etc. The railway industries are also using Li-ion battery along with manufacturing sectors. The increase in adoption and demand for such battery drives growth in this market during forecast period.

 

Market Insights, by Type

On the basis of type, the lithium-ion battery market is segmented into lithium nickel manganese cobalt, lithium iron phosphate, lithium cobalt oxide, lithium titante oxide, lithium manganese oxide and lithium nickel cobalt aluminum oxide. The lithium nickel manganese cobalt (NMC) segment is estimated to register growth at highest CAGR during forecast period. The NMC batteries have excellent stability and good discharge and charge cycle. It is suitable for industrial application and it is adopted in automotive industry.  NMC batteries have wide application in laptops, mobile phones, power tools and electrical storage system. It is very lightweight and suitable for slim tablets and smartphones. This drives growth in NMC battery segment during forecast period.

Market Insights, by Voltage

On the basis of voltage, the lithium-ion battery market is segmented into low (below 12 V), medium (12 V- 36 V), high (above 36 V). The high voltage (above 36 V) segment is estimated to hold largest market share during forecast period. The manufacturers prefer high voltage batteries. The above 36 V batteries power high current applications and these batteries have long life span. These batteries are used in telecom, military, electric vehicles, marine etc. They have in-built battery management system. The demand and adoption for such batteries is increasing and this drives growth in above 36 V segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the lithium-ion battery market is segmented into automotive, medical, marine, aerospace & defense, consumer electronics, power, telecom and industrial. The automotive segment is estimated to hold largest market share during forecast period. The adoption of Lithium ion battery is increasing in automotive industry due to increase in electric vehicle sales. The awareness about environment is increasing among people and they are adopting EVs and government is also implementing many policies and regulations which support EV’s market. The increasing adoption of lithium ion battery by automotive industry drives growth in this segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to dominate the market during forecast period. China and India are major growth contributors in this region. These countries have wide opportunities for lithium ion batteries. China is a hub for automotive manufacturing industry and it provides major growth opportunities for lithium-ion battery market. The Indian market is emerging rapidly which leads to rapid increase in Li-ion battery market. The production electric vehicle is increasing in this region which increases the adoption of Li-ion battery. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in lithium ion battery market are BYD Company, LG Chem, Panasonic, Samsung, BAK, GS Yuasa Corporation, Hitachi, Johnson Controls, Toshiba Corporation, Lithium Werks, Calb, Saft Groupe, Varta Storage, Farasis Energy, Sila Nanotechnologies, Lithium Energy Japan and Tesla.

Segments Covered in the Report

This report forecasts The Global Lithium-ion Battery Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global lithium-ion battery market report on the basis of type, voltage, power capacity and end-users.

Lithium-ion Battery Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Voltages
    • Quantitative Research
      • Primary & Secondary Voltages
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Lithium-ion Battery Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Lithium Nickel Manganese Cobalt
  • Lithium Iron Phosphate
  • Lithium Cobalt Oxide
  • Lithium Titante Oxide
  • Lithium Manganese Oxide
  • Lithium Nickel Cobalt Aluminum Oxide.
  1. Lithium-ion Battery Market, By Voltage, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Low (Below 12 V)
  • Medium (12 V- 36 V)
  • High (Above 36 V)
  1. Lithium-ion Battery Market, By Power Capacity, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • 0-3000 mAH
  • 3000-10,000 mAH
  • 10,000-60,000 mAH
  • More Than 60,000 mAH
  1. Lithium-ion Battery Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Automotive
  • Medical
  • Marine
  • Aerospace & Defense
  • Consumer Electronics
  • Power
  • Telecom
  1. Lithium-ion Battery Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Voltage
    • By Power Capacity
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Voltage
      • By Power Capacity
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Voltage
        • By Power Capacity
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Voltage
          • By Power Capacity
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Voltage
            • By Power Capacity
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Tesla
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • BYD Company
    • LG Chem
    • Panasonic
    • Samsung
    • BAK
    • GS Yuasa Corporation
    • Hitachi
    • Johnson Controls
    • Toshiba Corporation
    • Lithium Werks
    • Calb
    • Saft Groupe
    • Varta Storage
    • Farasis Energy
    • Sila Nanotechnologies
    • Lithium Energy Japan
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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