Lithium-ion Energy Accumulator Market

1. Lithium-ion Energy Accumulator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast The lithium-ion energy accumulator market size is anticipated to expand at a significant CAGR of 12.25% during the forecast period, 2021–2028. The growth of the market is attributed to the rising urbanization and increasing demand for consumer electronics items. A lithium ion energy accumulator is an electrical device that can charge and discharge lithium ion batteries. A positive and negative electrode are separated by a separator, and an electrolytic solution is added. The positive and negative electrode materials react chemically to charge and discharge the accumulator. The majority of lithium ion batteries are found in laptops, desktop computers, and mobile phones. Li-ion accumulators are more stable and may be refilled hundreds of times. Compared to conventional rechargeable batteries, they feature a better energy density, voltage capacity, and low self-discharge rate. The Covid-19 pandemic affected the demand and supply of lithium-ion energy accumulator market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period. Market Trends, Drivers, Restraints, and Opportunities  Increasing urbanization, has led to increased demand of consumer electronics items this is projected to fuelthe market during the forecast period.

2.  Rapid development of batteries with long run duration and better energy density are major factors propelling the market. Lithium's high reactivity and high implementation costs are estimated to hinder the market growth. Lack of charging infrastructure and increased use of non-renewable energy sources act as major factorsthat can hamper the market expansion in the coming years. The acquisition prices and completion of various energy projects are estimated to create lucrative opportunities for the market players.    Sample - https://growthmarketreports.com/request-sample/1665 Market Segment Insights The consumer electronics segment is projected to hold a large market share On the basis of the application, the lithium-ion energy accumulator market is divided into consumer electronics, transportation, and industrial. The consumer electronics segment is expected to represent a key share of the market during the forecast period. Rising usage of lithium-ion batteries in portable consumer electronics devices due to their high energy density and safety standards is estimated to boost the segment. On the other hand, the industrial sector is predicted to lead the lithium-ion battery industry, with a market value of USD 24.8 billion during forecast period. Due to the great dependability and endurance of lithium-ion batteries in appliances such as smartphones and laptops, the consumer electronics application category was valued at USD 8.6 billion in 2019. Over the forecast period, the increasing electronics industries in countries such as South Korea, Japan, China, and Taiwan are expected to boost the market for lithium-ion batteries. Industrial applications were worth more than USD 11.3 billion in 2019 and are predicted to grow at a CAGR of more than 10.3% from 2020 to 2027. Middle East & Africa is expected to dominate the market Based on regions, the lithium-ion energy accumulator market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Renewable energy resources are a newcomer in the Middle East and Africa. This region is endowed with a wealth of renewable resource possibilities. It benefits from a lot of sunshine and has a lot of wind energy potential. Furthermore, the MEA offers ample area for the construction of large-scale solar power projects. The percentage of renewable energy in total energy consumption in the Middle East area has been estimated to be less than 5% in various nations. Energy consumption in the MEA area has risen in recent decades, owing to fast economic expansion and urbanization. Electricity consumption in the region is expected to increase rapidly during the forecast period. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1665 Competitive Landscape

3. Key players competing in the lithium-ion energy accumulator market include Hitachi Ltd, Samsung SDI Co., Asahi Kasei Corp., Panasonic Corporation, and Toshiba Corporation. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. Samsung SDI launched new ESS devices at EES Europe in May 2019. It revealed E3, an ESS model with a 20% increase in energy density. Panasonic Corporation, located in Dalian, China, started mass manufacturing of prismatic-type car lithium-ion batteries in March 2018. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter