Global Lithium Ion Battery Market Business Scope, Industry Share, Trends And Forecast to 2027
Global Lithium-Ion Battery Market was valued at US $ 46.8 Bn. in 2020. Global Lithium-Ion Battery Market size is estimated to grow at a CAGR of 13.1% during the forecast period.
Lithium-Ion Battery Market Overview:
For the global industry's Lithium-Ion Battery market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.
The worldwide Lithium-Ion Battery market's growth reasons, as well as the market's many users, are discussed. Data is provided by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis should be presented in the form of statistics, infographics, and presentations.
Market Scope:
Our crew gathers market information and data from a variety of sources in order to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic data.
The competitive landscape for the Lithium-Ion Battery market gives information by a competitor. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points shown above are only linked to the firms' concentration on the window sensors industry.
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Drivers:
Lithium-ion batteries are the power source for electric cars. The use of lithium-ion batteries has increased due to the rising popularity of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), and this trend is anticipated to continue throughout the projection period. Due to advantages including less frequent engine maintenance, less need for hazardous oil waste, and less pollution from internal combustion engines, together with advancements in battery technology, the number of electric vehicles is constantly rising. Global EV sales increased to 3.1 million units in 2020, up 39% from the previous year. The paper states that more sales of electric vehicles are anticipated during the projected period, reaching 28 million by 2027.
Segmentation:
The Lithium-Ion Battery Market is divided into Li-NMC, LFP, LCO, and LTO segments based on type. In 2020, the LCO (Lithium Cobalt Oxide) market segment accounted for 33.1% of the total market. The demand for products in this market is being driven by the increasing use of LCO batteries in electric trains, power tools, and other electric-powered vehicles. Additionally, it is anticipated that their increased energy density, longer cycle life, and cheaper cost will enhance demand for them during the projection period.
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Key Players: The key players are
• BYD COMPANY
• LG CHEM
• PANASONIC CORPORATION
• SAMSUNG SDI
• BAK GROUP
• GS YUASA CORPORATION
• HITACHI
• JOHNSON CONTROLS
• TOSHIBA CORPORATION
• LITHIUM WERKS
• CATL
• A123 Systems LLC
• Hitachi Chemical Co., Ltd.
• NEC Corporation,
• Saft
• Sony Corporation
• Tesla Inc.
• Narada Power Source Co., Ltd.
• Contemporary Amperex Technology Co.
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Regional Analysis:
A country-level study of the Lithium-Ion Battery Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Lithium-Ion Battery Market study.
COVID-19 Impact Analysis on Lithium-Ion Battery Market: The report covers COVID-19 impact on Lithium-Ion Battery market.
Key Questions Answered in the Lithium-Ion Battery Market Report are:
- What will be the CAGR of the Lithium-Ion Battery market during the forecast period?
- Which segment emerged as the leading segment in the Lithium-Ion Battery market?
- Which are the prominent players in the Lithium-Ion Battery market?
- What will be the Lithium-Ion Battery market size by 2027?
- Which company held the largest share in the Lithium-Ion Battery market?
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