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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529954
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529954
Lithium Ion Battery Market, By Type, By Application, By Geography
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PAGES: 170 Pages
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The lithium ion battery market is estimated to be valued at USD 63.70 Bn in 2024 and is expected to reach USD 192.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 17.1% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 63.70 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 17.10% | 2031 Value Projection: | US$ 192.33 Bn |
Figure. Lithium Ion Battery Market Share (%), By Region 2024
The lithium ion battery market has seen tremendous growth over the past decade driven by the increasing demand from consumer electronics and electric vehicles. Lithium-ion technology has many advantages over previous battery technologies such as higher energy density, no memory effect, and low self-discharge. This has made lithium-ion batteries the technology of choice for most portable consumer devices such as smartphones, laptops, power tools, and more recently electric vehicles. Advancements in lithium-ion chemistry and manufacturing technologies have significantly increased lithium-ion batteries' power-to-weight ratio and lifetime. With nearly every major tech and automotive company investing heavily in further lithium-ion battery research, the market is expected to grow multifold in the coming years to support the growing penetration of EVs and renewable energy integration.
Market Dynamics:
The lithium ion battery market is driven by several factors such as the increasing demand for EVs, demand for automation and portable devices in the consumer electronics industry. However, high manufacturing costs and supply chain constraints of raw materials pose challenges to the growth of this market. The market sees lucrative opportunities with increasing investments in lithium-ion battery R&D by major automotive OEMs and battery manufacturers. Technologies surrounding solid state and lithium-metal batteries could unleash the true transformative potential of EVs.
Key Features of the Study:
- This report provides in-depth analysis of the global lithium ion battery market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global lithium ion battery market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Sony, LLC, Automotive Energy Supply Corporation (AESC), China BAK Battery, Inc, GS Yuasa Corporation, Hitachi Chemical Co. Ltd., Johnson Controls, Inc., LG Chem Power, Inc., Panasonic. Corporation, Samsung SDI Co. Ltd., Toshiba Corporation, BYD Co., Ltd., A123 Systems LLC, GS Yuasa International Ltd., Karacus Energy , Hioki, Battrixx , Exide Industries, Amara Raja Batteries, Bharat Power Solutions., and Amptek Batteries.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global lithium ion battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lithium ion battery market.
Detailed Segmentation-
- By Type:
- Lithium Cobalt Oxide (LCO)
- Lithium Iron Phosphate (LFP)
- Lithium Nickel Cobalt Aluminum Oxide (NCA)
- Lithium Manganese Oxide (LMO)
- Lithium Titanate
- Others
- By Application:
- Automotive
- Industrial
- Consumer electronics and products
- Others (Energy, Medical and Military)
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Sony, LLC
- Automotive Energy Supply Corporation (AESC)
- China BAK Battery, Inc
- GS Yuasa Corporation
- Hitachi Chemical Co. Ltd.
- Johnson Controls, Inc.
- LG Chem Power, Inc.
- Panasonic Corporation
- Samsung SDI Co. Ltd.
- Toshiba Corporation
- BYD Co., Ltd.
- A123 Systems LLC
- GS Yuasa International Ltd.
- Karacus Energy
- Hioki
- Battrixx
- Exide Industries
- Amara Raja Batteries
- Bharat Power Solutions.
- Amptek Batteries
Product Code: CMI284
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Lithium Ion Battery Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Lithium Ion Battery Market
- Impact Analysis
5. Global Lithium Ion Battery Market, By Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Lithium Cobalt Oxide (LCO)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Lithium Iron Phosphate (LFP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Lithium Nickel Cobalt Aluminum Oxide (NCA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Lithium Manganese Oxide (LMO)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Lithium Titanate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
6. Global Lithium Ion Battery Market, By Application, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Consumer electronics and products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Others (Energy, Medical and Military)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
7. Global Lithium Ion Battery Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Sony, LLC
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Automotive Energy Supply Corporation (AESC)
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- China BAK Battery, Inc
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- GS Yuasa Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Hitachi Chemical Co. Ltd.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Johnson Controls, Inc.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- LG Chem Power, Inc.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Panasonic Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Samsung SDI Co. Ltd.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Toshiba Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- BYD Co., Ltd.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- A123 Systems LLC
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- GS Yuasa International Ltd.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Karacus Energy
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Hioki
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Battrixx
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Exide Industries
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Amara Raja Batteries
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Bharat Power Solutions.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Amptek Batteries
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Sony, LLC
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Lithium Ion Battery Market" - Global forecast to 2031.
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