Lithium-ion batteries are rechargeable batteries, commonly used as a source of power supply in portable devices. Various organizations across diverse industry verticals such as electronics, automotive, and industrial prefer lithium-ion batteries over conventional energy storage solution owing to their enhanced energy density, lightweight and eco-friendly nature. Further, the development of portable and sleeker digital devices, would foster the demand for lithium-ion batteries. Presently, electronics segment is the biggest contributor, due to increasing adoption of lithium-ion batteries in smartphones, tablets and PCs.
Snapshot Lithium-ion batteries are rechargeable batteries that have high energy density and are used extensively in portable equipment. The global lithium ion battery market is driven by the growing penetration of smartphones, tablets, PCs, power tools, and digital cameras.
The demand for Li-ion batteries is also witnessing an increase from the flourishing automobile industry. The demand for electric vehicles is increasing and with it, the demand for lithium ion batteries. The popularity of these batteries is increasing among automobile manufacturers as they are small in size and light in weight as compared to nickel metal batteries.
The market for lithium-ion batteries is greatly fragmented with a large number of domestic players. These domestic players are accounting for a high share in the market.
There are small, medium, and large scale players in the industry and this is the reason behind the extreme competitive environment within the global lithium-ion battery market. The introduction of innovative and new technologies will help with the growth of the market.
Many players are also investing in research and development and this will trigger increased competition among existing players.
Product launches are a key strategy adopted by players in the industry. The players are also adopting the strategy of mergers and acquisitions so as to gain competitive edge and increase their customer base.
Global Lithium Ion Battery Market: Overview Lithium-ion batteries are rechargeable batteries, in which lithium ions move from positive electrode to negative electrode during charging and back when discharging.
These batteries are commonly used in consumer electronics. Besides that, their popularity is growing rapidly across sectors such as military, automotive, aerospace, and industrial. Key Trends The various advantages offered by lithium ion batteries such as lightweight, rechargeable, environment-friendliness, high energy density, and no memory effect are boosting their adoption in smartphones, tablets, and automobiles.
Hence, the proliferation of smartphones and tablets is providing a fillip to the global lithium ion battery market. Moreover, the escalating need for efficient and green solutions for power supply and energy storage is augmenting the market.
Traditional batteries such as nickel-metal-hybrid, lead-acid, and sodium-sulfur have hazardous effects on the environment. In addition, the rising production of hybrid electric vehicles and electrical vehicles is creating a staggering volume of demand for these batteries in the automotive sector.
On the flip side, the higher cost of lithium ion batteries as compared to traditional batteries is limiting their widespread adoption. Furthermore, the risk of overheating and a subsequent fire associated with these batteries can pose a major threat to cars and other electronic devices, which in turn is restricting the market from realizing its utmost potential.
Market Potential Several players in the global lithium-ion battery market are aiming at expanding their lithium ion battery facilities to enhance their visibility in the market.
Such steps taken by players are likely to scale up energy storage capacity and drive the market over the coming years. Asia Pacific is expected to represent a sizeable share in the market throughout the review period. The domicile of a large number of key manufacturers is providing an edge to the region over other regions.
The growth of the market in these countries can be attributed to the increasing regulations to reduce the carbon footprint and lead pollution. North America will be a prominent market for lithium ion battery during the same period. The increasing sales of electric vehicles along with the burgeoning demand for high-quality consumer electronics products are contributing to the growth of the region.
Competitive Landscape The global lithium ion battery market is highly consolidated in nature.Regarding value, 5– 25 Wh lithium-ion battery, which is principally utilized in cell phones, is assessed to be the key fragment of the lithium-ion battery market during forecast period, representing an share of over 30% back in Location: State Tower, 90 State Street, Suite , Albany, Lithium Ion Battery Cathodes: Market Shares, Strategies, and Forecasts, Worldwide, to Size and trends Published in Battery Technology on Available for $ Worldwide markets are poised to achieve continuing growth as the advantages brought by using new materials are.
The lithium ion battery market is highly fragmented with the presence of large number of domestic players that occupy around 60% market share of the overall figure. Among the different players, Panasonic Corporation dominated the market in Lithium-Ion Battery Market Shares, Strategies, and Forecasts, Worldwide, to EXECUTIVE SUMMARY Lithium-Ion Battery Market Driving Forces Comparison Of Battery Performances Lithium-Ion Batteries Lithium Ion Battery Market Shares Lithium Ion Battery Market Forecasts Lithium-Ion Battery Market Description and Market 1.
The research report on the Global Lithium-Ion Battery Sales Market delivers extensive analysis of market trends and shares.
The report analyzes the current market size, recent market trends, key segments and future prospects of the global Lithium-Ion Battery Sales market (). Home / Battery Technology / Lithium-Ion Battery Market Shares, Strategies, and Forecasts, Worldwide, to Lithium-Ion Battery Market Shares, Strategies, and Forecasts, Worldwide, to