PUBLISHER: The Business Research Company | PRODUCT CODE: 1668538
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668538
The rechargeable poly lithium-ion battery is a type of rechargeable battery utilizing lithium as one of its electrodes and a solid polymer as its electrolyte, akin to traditional lithium-ion batteries. Distinguished by a larger energy density, these batteries can undergo multiple charge and discharge cycles before experiencing a decline in their ability to retain a charge. Widely employed in mobile devices, power banks, laptops, small media players, and various wireless gadgets, rechargeable poly lithium-ion batteries have become integral to the portable electronics market.
There are two main types of rechargeable poly lithium-ion batteries cylindrical and prismatic. The cylindrical variant takes the form of a lithium-ion battery with a cylindrical shape, encased in a metal container. This type finds applications in diverse fields such as laptops, power tools, portable electronics, and electric vehicles. The key components of these batteries include the cathode, anode, electrolytic solution, and other elements. They are extensively utilized in electric vehicles, consumer electronics, power systems, industrial applications, and various other sectors.
The rechargeable poly lithium-ion battery market research report is one of a series of new reports from The Business Research Company that provides rechargeable poly lithium-ion battery market statistics, including rechargeable poly lithium-ion battery industry global market size, regional shares, competitors with a rechargeable poly lithium-ion battery market share, detailed rechargeable poly lithium-ion battery market segments, market trends and opportunities, and any further data you may need to thrive in the rechargeable poly lithium-ion battery industry. This rechargeable poly lithium-ion battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The rechargeable poly lithium-ion battery market size has grown strongly in recent years. It will grow from$151.33 billion in 2024 to $160.43 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to the emergence of portable electronics, advancements in electric vehicles (EVs), increasing renewable energy integration, consumer electronics boom, government initiatives, and incentives
The rechargeable poly lithium-ion battery market size is expected to see strong growth in the next few years. It will grow to $208.26 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rapid growth in the electric vehicle market, energy transition and storage, industry 40 and IoT integration, continued innovation, and energy storage for grid applications. Major trends in the forecast period include technological advancements, electric vehicle adoption, portable electronics growth, government policies and incentives, and supply chain challenges.
The significant increase in electric vehicle sales is playing a substantial role in driving the growth of the rechargeable poly lithium-ion battery market. Electric vehicles (EVs), which are powered by electric motors and utilize rechargeable poly lithium-ion batteries as a fuel source, have witnessed a surge in popularity due to the batteries' higher energy density, lightweight nature, and enhanced safety features stemming from their non-use of liquid electrolytes. As an illustration, a report by the International Energy Agency in July 2023 highlighted the global growth of the electric car market, with sales exceeding 10 million in 2022. The share of electric cars in the overall automotive market increased from 9% in 2021 to 14% in 2022, underscoring the rising prominence of electric vehicles. Consequently, the upward trend in electric vehicle sales is anticipated to propel the rechargeable poly lithium-ion battery market.
The increasing production of electronics is anticipated to drive the growth of the rechargeable poly lithium-ion battery market in the future. Electronics, which encompasses the study and application of devices and systems that utilize the flow of electrons to process and transmit information, plays a crucial role in this sector. Rechargeable poly lithium-ion batteries are essential for a wide array of electronic devices, offering a portable and efficient energy storage solution. For example, in October 2023, the Samena Telecommunications Council FZ LLC, a UAE-based telecommunications service provider, reported that mobile phone production reached 1.09 billion units in the past three quarters, reflecting a year-on-year growth of 0.8 percent. Notably, mobile phone output in September saw an increase of 11.8 percent compared to the same month the previous year. Thus, the rise in electronics production is significantly driving the rechargeable poly lithium-ion battery market.
Product innovation is emerging as a prominent trend in the rechargeable poly lithium-ion battery market, with major companies dedicating efforts to developing new and improved polymer materials to enhance the function of polymer electrolytes in batteries. A noteworthy example is the initiative by Nuvvon, a U.S.-based nanotechnology research company, in October 2022. Nuvvon successfully developed solid polymer electrolytes designed to enhance ionic conductivity in batteries at room temperature. These polymer electrolytes feature dry compositions without ceramic nanoparticles, allowing them to withstand high temperatures (>100°C) without mechanical degradation. Moreover, they exhibit robust ionic conductivity across a wide temperature range (2.2*10^-4 S/cm at 0°C, 4.6*10^-3 S/cm at 25°C, and 6.6*10^-3 S/cm at 80°C). The innovation enables entirely solid-state pouch cells to function seamlessly across a broad temperature spectrum without requiring external cooling, heating, or pressure systems.
Major players in the rechargeable poly lithium-ion battery market are also concentrating on developing lithium-ion battery systems with electrical and physical double isolation as a safety measure to drive energy reform. Electrical and physical double isolation involves creating an effective space without diffusion to reduce the scope of faults, coupled with port zero voltage to eliminate the risk of short circuit shocks. For example, in January 2022, Kehua, a China-based power solution provider, launched the S3 Lithium-ion battery system, embodying the principles of safety, smart functionality, and simplicity. This system incorporates electrical and physical double isolation for enhanced safety, intelligent current and voltage equalization for efficiency, and a modular design for simplicity.
In April 2024, Advik Hi-Tech Private Limited, an India-based automotive component manufacturer, acquired Aceleron Energy for an undisclosed amount. The purpose of Advik's acquisition is to strengthen its capabilities in the electric vehicle (EV) and energy storage system (ESS) markets by integrating advanced lithium-ion battery technology. This strategic move aims to expand Advik's product portfolio and customer base while supporting sustainable energy solutions. Aceleron Energy is a UK-based developer of advanced lithium batteries.
Major companies operating in the rechargeable poly lithium-ion battery market include Samsung Electronics Co. Ltd., 3M Company, Koninklijke Philips N.V., Motorola Solutions Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Olympus Corporation, Nikon Corporation, Sony Corporation, Shenzhen Honcell Energy Co. Ltd., Panasonic Holdings Corporation, Amara Raja Batteries Limited, Exide Industries Ltd., Tata Chemicals Limited, Maxell Holdings Ltd., Eastman Kodak Company, YOK Energy Co. Ltd., China manufacturer LiPol Battery Co. Ltd., Engionix Inc., LG Chem Ltd., Hitachi Maxell Ltd., Energizer Holdings Inc., BYD Company Limited, A123 Systems LLC, E-One Moli Energy Corp., GS Yuasa Corporation, Saft Groupe S.A., Valence Technology Inc.
Asia-Pacific was the largest region in the rechargeable poly lithium-ion battery market in 2024. The regions covered in the rechargeable poly lithium-ion battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the rechargeable poly lithium-ion battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The rechargeable poly lithium-ion battery market consists of sales of rechargeable poly lithium-ion batteries that are assembled, packaged, flat, pouch-like shape, and cylindrical shaped. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Rechargeable Poly Lithium-Ion Battery Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on rechargeable poly lithium-ion battery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for rechargeable poly lithium-ion battery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rechargeable poly lithium-ion battery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.