Report Code: CMI20091

Published Date: October 2022

Pages: 220+

Category: Energy And Power

Report Snapshot

CAGR: 18.5%
42.5B
2021
48.80B
2022
184.15B
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • BYD Company Ltd.
  • LG Chem
  • Hitachi Ltd.
  • Duracell Inc.
  • Others

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Reports Description

Rising demand for Consumer Electronics is Boosting the Demand for Lithium-Ion Battery Market.

According to Custom Market Insights (CMI), The Global Lithium-Ion Battery Market size was estimated at USD 42.5 billion in 2021 and is expected to reach USD 48.80 billion in 2022 and is anticipated to reach around USD 184.15 billion by 2030, growing at a CAGR of roughly 18.5% between 2022 and 2030. 

Our research report offers a 360-degree view of the Lithium-Ion Battery market’s drivers and restraints and their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Lithium-Ion Battery market.

Lithium-Ion Battery Market: Overview

The lithium-ion (Li-ion) battery is a modern technology that relies heavily on lithium ions in its electrochemistry. Lithium-ion batteries are utilized in various everyday electronic gadgets, from earbuds to computers and cell phones. In addition to being employed in consumer devices, these batteries are also extensively used in electric vehicles.

Lithium-Ion Battery Market: COVID–19 Impact Analysis

Due to several variables, including end-user operating cost reductions and disruptions in the availability of spare parts due to sluggish manufacturing activity and logistical challenges, COVID-19 has been a significant inhibitor to market growth. Battery suppliers have taken further measures to guarantee their services to customers who have entered into long-term agreements with them. Vendors are choosing digital tools and adhering to the recommended preventative measures, which include social distance standards and the usage of protective kits in case on-site inspection and repair services are occasionally required by end users.

Lithium-Ion Battery Market: Growth Drivers

Battery usage in the power grid and energy storage systems will increase, driving the market. 

Lithium-ion batteries are required by industry because of strict government regulations imposed to monitor rising pollution levels. In addition, the power sector aspires to produce renewable energy and store it for the future. Lithium-ion batteries are also used in smart grid and energy storage systems for various reasons, including low prices, low self-discharge rates, and minimal installation area requirements. Furthermore, since the product is more heat-resistant, it is ideal for use in remote locations and thermal control applications.

Increasing demand for EVs

The increased demand for electric vehicles is anticipated to increase the demand for lithium-ion batteries significantly. Thanks to their high energy density/unit mass compared to other electrical energy storage technologies, lithium-ion batteries are becoming increasingly in order as the global market for electric vehicles expands. They also work well at high temperatures, have an excellent power-to-weight ratio, are energy efficient, and self-discharge is negligible.

Surging demand for consumer electronics

Since lithium batteries are widely employed in consumer electronic items like mobile phones and laptops, demand for these products has been rising. Due to their ability to be recharged, lithium-ion batteries are frequently employed in consumer gadgets. Lithium-ion battery packs offer high power and superior energy density compared to other battery types. The demand for lithium-ion batteries in consumer electronics goods is rising due to these factors.

Global Lithium-Ion Battery Market 2023–2032 (By Application Analysis)

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Lithium-Ion Battery Market: Segmentation Analysis

The Lithium-Ion Battery market is segmented into products and applications in our research scope. In 2021, the LCO segment’s revenue share was over 30%, which was the highest. Because LCO batteries have a high energy density and high level of safety, there is likely to be considerable demand for them in mobile phones, tablets, laptops, and cameras over the forecast period. Excellent safety and a long product lifespan are features of LFP batteries. It is anticipated that lithium iron phosphate batteries will gain popularity in portable and stationary applications that require high load currents and endurance.

Over the anticipated period, increasing demand for NCA due to its high specific energy, power rating, and extended lifespan is anticipated. Medical equipment, industrial uses, and EVs all employ NCA. Over the future years, segment expansion is projected to be fueled by rising lithium titanate use in numerous applications, such as electric powertrains, streetlights, UPS, and solar-powered street lighting. Safety, low-temperature performance, and a long lifespan are just a few of the features that LTO offers, and these features are anticipated to drive the segment’s growth during the projection period.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 42.5 Billion
Projected Market Size in 2030 USD 184.15 Billion
Market Size in 2022 USD 48.80 Billion
CAGR Growth Rate 18.5% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players BYD Company Ltd., LG Chem, Hitachi Ltd., Duracell Inc., Johnson Controls, Panasonic Corporation, Samsung SDI Co. Ltd., Renault Group, Tesla, TOSHIBA CORPORATION, and Others
Key Segment By Product, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights: 

  • As per the analysis shared by our research analyst, the Lithium-Ion Battery market is estimated to grow annually at a CAGR of around 18.5% over the forecast period (2022-2030).
  • In terms of revenue, the Lithium-Ion Battery market size was valued at around USD 42.5 billion in 2021 and is projected to reach USD 184.15 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on product segmentation, the LCO segment was predicted to show maximum market share in 2021.
  • The consumer electronics segment was the top revenue-generating category based on application segmentation in 2021.
  • Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Global Lithium-Ion Battery Market 2023–2032 (By Billion)

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Recent Development

  • September 2021: Toshiba Corporation and Sojitz Corporation signed a joint development agreement for commercializing next-generation lithium-ion batteries employing niobium titanium oxide (NTO) as the anode material.
  • May 2021: Based on their shared vision of CO2-neutral electric transportation, Daimler Truck AG and CATL, a manufacturer of lithium-ion batteries, widened their current partnership. For Mercedes-Actros Benz’s Longhaul battery electric vehicle, which will enter series production in 2024, CATL will provide li-ion battery packs. 

Regional Landscape

With a market share of more than 40% in sales in 2021, the Asia Pacific region held the top spot. China has banned traditional fossil fuel-powered scooters from all of its major cities to cut emissions due to the growth in environmental concerns, which has increased the sales of e-scooters in the nation. Tools that are powered by lithium-ion batteries are being used more frequently as a result of Asia Pacific’s ascent to prominence as a global industrial powerhouse. Additionally, this region boasts the world’s most significant population. As a result, consumer gadgets in the Asia Pacific region that run on lithium-ion batteries see substantial sales. Examples include mobile phones and laptops.

Competitive Landscape

The leading manufacturers implement a variety of strategies, including acquisitions and mergers. The top players also employ new product launches and focus on ongoing technological breakthroughs in their process. By investing in R&D, the businesses are also attempting to hold the market share.

Our report offers quantitative and qualitative insights into the Lithium-Ion Battery market and significant development initiatives adopted by the key players. Further, it provides competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.

Global Lithium-Ion Battery Market 2023–2032 (By Component Analysis)

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Prominent Players:

  • Tesla
  • General Electric
  • Exide Technologies
  • BYD Company Ltd.
  • Energon
  • Toshiba Corporation
  • Samsung SDI Co. Ltd.
  • Panasonic Corporation
  • LG Chem
  • Duracell Inc.
  • A123 Systems LLC
  • Hitachi Energy Ltd.
  • Clarios
  • Koninklijke Philips N.V.
  • Akku Tronics New Energy Technology Co.
  • Ding Tai Battery Company Ltd.
  • EaglePicher Technologies LLC
  • Padre Electronics Co. Ltd.
  • Lithium Werks
  • Saft
  • ProLogium Technology CO. Ltd.
  • Energus Power Solutions Ltd.
  • Maxell Ltd.
  • EnerDel
  • Others

The global Lithium-Ion Battery market is segmented as follows:

By Product Analysis 

➢ Lithium Cobalt Oxide (LCO)

➢ Lithium Nickel Cobalt Aluminum Oxide (NCA)

➢ Lithium Iron Phosphate (LFP)

➢ Lithium Manganese Oxide (LMO)

➢ Lithium Nickel Manganese Cobalt (LMC)

➢ Lithium Titanate (LTO)

By Application Analysis 

➢ Automobile

➢ Industrial

➢ Consumer Electronics

➢ Energy Storage Systems

➢ Medical Devices

By Component Analysis 

➢ Cathode

➢ Anode

➢ Separator

➢ Electrolyte

➢ Aluminum Foil

➢ Copper Foil

➢ Others

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Lithium-Ion Battery Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Lithium-Ion Battery Market : snapshot
  • Chapter 3. Global Lithium-Ion Battery Market – Industry Analysis
    • 3.1 Lithium-Ion Battery Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing demand for EVs
      • 3.2.3 Battery usage in the power grid and energy storage systems
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Lithium-Ion Battery Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Lithium-Ion Battery Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Lithium-Ion Battery Market – Product Analysis
    • 5.1 Global Lithium-Ion Battery Market overview: By Product
      • 5.1.1 Global Lithium-Ion Battery Market share, By Product, 2021 and 2030
    • 5.2 Lithium cobalt oxide (LCO)
      • 5.2.1 Global Lithium-Ion Battery Market by Lithium cobalt oxide (LCO), 2022 – 2030 (USD Billion)
    • 5.3 Lithium Nickel Cobalt Aluminum Oxide (NCA)
      • 5.3.1 Global Lithium-Ion Battery Market by Lithium Nickel Cobalt Aluminum Oxide (NCA), 2022 – 2030 (USD Billion)
    • 5.4 Lithium iron phosphate (LFP)
      • 5.4.1 Global Lithium-Ion Battery Market by Lithium iron phosphate (LFP), 2022 – 2030 (USD Billion)
    • 5.5 Lithium Manganese Oxide (LMO)
      • 5.5.1 Global Lithium-Ion Battery Market by Lithium Manganese Oxide (LMO), 2022 – 2030 (USD Billion)
    • 5.6 Lithium Nickel Manganese Cobalt (LMC)
      • 5.6.1 Global Lithium-Ion Battery Market by Lithium Nickel Manganese Cobalt (LMC), 2022 – 2030 (USD Billion)
    • 5.7 Lithium Titanate (LTO)
      • 5.7.1 Global Lithium-Ion Battery Market by Lithium Titanate (LTO), 2022 – 2030 (USD Billion)
  • Chapter 6. Global Lithium-Ion Battery Market – Application Analysis
    • 6.1 Global Lithium-Ion Battery Market overview: By Application
      • 6.1.1 Global Lithium-Ion Battery Market share, By Application, 2021 and 2030
    • 6.2 Automobile
      • 6.2.1 Global Lithium-Ion Battery Market by Automobile, 2022 – 2030 (USD Billion)
    • 6.3 Industrial
      • 6.3.1 Global Lithium-Ion Battery Market by Industrial, 2022 – 2030 (USD Billion)
    • 6.4 Consumer Electronics
      • 6.4.1 Global Lithium-Ion Battery Market by Consumer Electronics, 2022 – 2030 (USD Billion)
    • 6.5 Energy Storage Systems
      • 6.5.1 Global Lithium-Ion Battery Market by Energy Storage Systems, 2022 – 2030 (USD Billion)
    • 6.6 Medical Devices
      • 6.6.1 Global Lithium-Ion Battery Market by Medical Devices, 2022 – 2030 (USD Billion)
  • Chapter 7. Lithium-Ion Battery Market – Regional Analysis
    • 7.1 Global Lithium-Ion Battery Market Regional Overview
    • 7.2 Global Lithium-Ion Battery Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Lithium-Ion Battery Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Lithium-Ion Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Lithium-Ion Battery Market, by Product, 2022 – 2030
      • 7.4.1 North America Lithium-Ion Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.5 North America Lithium-Ion Battery Market, by Application, 2022 – 2030
      • 7.5.1 North America Lithium-Ion Battery Market, by Application, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Lithium-Ion Battery Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Lithium-Ion Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Lithium-Ion Battery Market, by Product, 2022 – 2030
      • 7.7.1 Europe Lithium-Ion Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.8 Europe Lithium-Ion Battery Market, by Application, 2022 – 2030
      • 7.8.1 Europe Lithium-Ion Battery Market, by Application, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Lithium-Ion Battery Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Lithium-Ion Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Lithium-Ion Battery Market, by Product, 2022 – 2030
      • 7.10.1 Asia Pacific Lithium-Ion Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Lithium-Ion Battery Market, by Application, 2022 – 2030
      • 7.11.1 Asia Pacific Lithium-Ion Battery Market, by Application, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Lithium-Ion Battery Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Lithium-Ion Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Lithium-Ion Battery Market, by Product, 2022 – 2030
      • 7.13.1 Latin America Lithium-Ion Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Lithium-Ion Battery Market, by Application, 2022 – 2030
      • 7.14.1 Latin America Lithium-Ion Battery Market, by Application, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Lithium-Ion Battery Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Lithium-Ion Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Lithium-Ion Battery Market, by Product, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Lithium-Ion Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Lithium-Ion Battery Market, by Application, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Lithium-Ion Battery Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 BYD Company Ltd.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 LG Chem
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Hitachi Ltd.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Duracell Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Johnson Controls
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Panasonic Corporation
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Samsung SDI Co. Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Renault Group
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Tesla
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 TOSHIBA CORPORATION
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • Tesla
  • General Electric
  • Exide Technologies
  • BYD Company Ltd.
  • Energon
  • Toshiba Corporation
  • Samsung SDI Co. Ltd.
  • Panasonic Corporation
  • LG Chem
  • Duracell Inc.
  • A123 Systems LLC
  • Hitachi Energy Ltd.
  • Clarios
  • Koninklijke Philips N.V.
  • Akku Tronics New Energy Technology Co.
  • Ding Tai Battery Company Ltd.
  • EaglePicher Technologies LLC
  • Padre Electronics Co. Ltd.
  • Lithium Werks
  • Saft
  • ProLogium Technology CO. Ltd.
  • Energus Power Solutions Ltd.
  • Maxell Ltd.
  • EnerDel
  • Others

FAQs

“North America” region will lead the global Lithium-Ion Battery market during the forecast period 2022 to 2030.

The key factors driving the market are increasing demand for EVs and increase battery usage in the power grid and energy storage systems.

The key players operating in the Lithium-Ion Battery market are BYD Company Ltd., LG Chem, Hitachi Ltd., Duracell Inc., Johnson Controls, Panasonic Corporation, Samsung SDI Co. Ltd., Renault Group, Tesla, TOSHIBA CORPORATION.

The global Lithium-Ion Battery market is expanding growth with a CAGR of approximately 18.5% during the forecast period (2022 to 2030).

The global Lithium-Ion Battery market size was valued at USD 42.5 Billion in 2021 and it is projected to reach around USD 184.15 Billion by 2030.

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