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Global Lithium-Ion Battery Market: by Type (Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Titanate Oxide, Lithium Manganese Oxide, and Lithium Nickel Cobalt Aluminum Oxide) Forecast till 2023

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Lithium-Ion Battery Market Segmentation, Application, Trends, Opportunity & Forecast 2017 to 2023


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lithium ion battery market research report

Lithium-Ion Battery Market Research Report: Forecast 2023

Lithium-Ion Battery

Market Research

Report: Forecast 2023

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Lithium-Ion Battery Market Research Report: Forecast 2023

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Lithium-Ion Battery Market Research Report: Forecast 2023

Summary

Lithium-Ion battery refers to a kind of rechargeable battery which is used in various industries for

various purposes. These batteries consists great life cycle with the high energy density. From the last

decade, lithium-ion battery market has seen tremendous growth due to the high demand from the

consumer electronics and automotive sectors. As new devices are coming in market and runs on

portable power source, lithium-ion battery has become a great option.

Technology giants such as BYD, SK Energy, Sony Corporation and A123 Systems are some of the

major players in the Lithium-Ion Battery market. In April 2016, BYD Company announces the plans

of obtaining the lithium supply to cut down the cost of battery. In April 2016, SK Energy announces

the expansion plans for production of lithium-ion battery separator. In December 2015, Sony

Corporation announces the plan of boosting the Lithium-ion battery performance up to 20% by

2020. In June 2015, A123 Systems announced the increase in the production capacity 3.3 million

cells to 4.3 million cells. Moreover, Daimler AG invested USD 586.7 million to install second lithium-

ion batteries facility in Germany for electric vehicles and hybrids under the Mercedes-Benz brand.

Whereas, Nissan invested USD 31.0 million to manufacture future-generation electric vehicle

batteries at its advanced lithium-ion battery plant in Sunderland

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Lithium-Ion Battery Market Research Report: Forecast 2023

Major Key Players:

Panasonic Sanyo (Japan),

Automotive Energy Supply Corporation (AESC) (Japan),

LG Chem. (South Korea),

SAMSUNG SDI Co.,

Ltd. (South Korea),

Li-Tec Battery GmbH (Germany),

Toshiba (Japan),

A123 Systems (U.S.),

GS Yuasa (Japan),

SK Energy (South Korea),

BYD (China),

Sony Corporation (Japan),

Beijing Pride Power (BPP) (China),

BAK Group (China),

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Lithium-Ion Battery Market Research Report: Forecast 2023

Segmentation:

The global lithium-ion battery market is segmented by type, power capacity and vertical. Based on the

type, the market is segmented into Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate

(LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO)

and Lithium Nickel Cobalt Aluminum Oxide (NCA). Based on power capacity, the market is segmented

into 0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh.

Whereas, based on vertical, the market is segmented into automotive, aerospace and defense, consumer

electronics, industrial, marine, medical and power.

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Lithium-Ion Battery Market Research Report: Forecast 2023

Regional Analysis:

The global lithium-ion battery market is studied for Asia Pacific, North America, Europe, and Rest of the

World. It has been observed that Asia Pacific is estimated to account for the largest share of the market,

whereas Europe is expected to rank second in terms of market share during the forecast period. The Asia

Pacific market growth is attributed to technological advancements and increased adoption of consumer

electronic products across various industry verticals. Europe stands as the second biggest market of

lithium-ion battery, followed by North America

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Lithium-Ion Battery Market Research Report: Forecast 2023

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