Lithium Ion Battery Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Panasonic, Toshiba, Samsung SDI, CATL, ATL, LG Chem

The global Lithium-Ion Battery market size is projected to grow from USD 41.1 billion in 2021 to USD 129.3 billion by 2027, registering a phenomenal CAGR of 23.3% during the review period (2022 to 2027).

Lithium Ion Battery Market Overview

A lithium-ion (Li-ion) battery is a rechargeable battery, which utilizes lithium ions as the essential component of its electrochemistry. Lithium-ion batteries find their major application in laptops, PDAs, cell phones, hybrid & electric cars and iPods.The lithium-ion battery market progress is driven by surgein need for smartphones and other electronics devices and increase in electric vehicles are some of the key factors that significantly drive the growth of the global lithium-ion battery market. Implementation of stringent government regulations to control growing pollution levels is further expected to augment the market growth. Still, high price of lithium-ion batteries is anticipated to restrain the market growth.Lithium-ion batteries are a source of power for electric vehicles. The widespread use of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) has inevitably boosted the adoption of lithium-ion batteries, which is projected to increase further in the future. The rising adoption of EVs among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles. the demand for cathode materials is expected to increase significantly, owing to surge in demand for lithium-ion batteries across different industry verticals. 

Recent Development

Luminous Unveilings New Age Li-ON Series Integrated Inverter with a Lithium-ion Battery - Luminous power technologies, the innovation leader in the power solution business, is eager to broadcast the launch of a new inverter series “Li-ON”, an integrated Inverter with Lithium-ion batteries.

Toshiba Launches 20Ah-HP SCiB™ Rechargeable Lithium-ion Battery Cell that Delivers Both High Energy and High Power

January 12, 2022-Toshiba Corporation a company dedicated to advancing carbon neutrality through its technologies, products and services, today expanded its SCiB™ product offering with the launch of an innovative 20Ah-HP rechargeable lithium-ion battery cell that delivers high energy and high power at the same time.

What are the major Applications, Types and Regions for Lithium Ion Battery Market?

By Type, it is segmented into

• Lithium-Cobalt Oxide Battery


• Lithium-Titanate Battery


• Lithium-Iron Phosphate Battery


• Lithium-Nickel Manganese Cobalt Oxide Battery


• Lithium-Manganese Oxide Battery

By Applications, it is segmented into

• Automotive


• Consumer Electronics


• Industrial


• Others

Lithium Ion Battery Market Regional Analysis

In the lithium-ion battery market analysis, Asia-Pacific is growing at a large rate. This is due to China's predicted leadership in the deployment of lithium-ion batteries to combat rising pollution levels in its cities. The Chinese government is also concentrating on hybrid vehicles with all-electric motors. Additionally, the electrification of delivery trucks and pickup trucks is likely to increase demand for these batteries. Hybrid drive systems are a priority for major commercial vehicle manufacturers across model lines. As a result, the market for lithium-ion batteries is expected to rise in tandem with the growth of electric and plug-in hybrid vehicles. The global lithium-ion battery market is extremely fragmented, with a significant number of local competitors accounting for roughly 60% of the market. Panasonic Corporation dominated among the various market players in 2020. Panasonic Corporation's market share, on the other hand, is likely to decline in the next years as the battle among key companies for a large piece of the market heats up.

• North America
  
  
  
  
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  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
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  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Lithium Ion Battery Market report scope?

Key Takeaways from this Lithium Ion Battery Report

• Evaluate Lithium Ion Battery market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Lithium Ion Battery market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

Who are the key players in Lithium Ion Battery Market?

Panasonic, Toshiba, Samsung SDI, CATL, ATL, LG Chem, Tianjin Lishen Battery, Murata, BAK Power, BYD, AESC, Coslight, A123 Systems (Wanxiang), GS Yuasa, SAFT

What regions does this Lithium Ion Battery Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Lithium Ion Battery Market?

Lithium-Cobalt Oxide Battery, Lithium-Titanate Battery, Lithium-Iron Phosphate Battery, Lithium-Nickel Manganese Cobalt Oxide Battery, Lithium-Manganese Oxide Battery, Others

What are the major end-use applications of the Lithium Ion Battery Market?

Automotive, Consumer Electronics, Industrial, Others

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