Lithium-Ion Battery Market by Type, Power Capacity (0 to 3000mAH, 10000mAh to 60000mAH, 3000mAH to 10000mAH), Application

Description

List of Tables

[183 Pages Report] The Lithium-Ion Battery Market size was estimated at USD 98.84 billion in 2023 and expected to reach USD 110.80 billion in 2024, at a CAGR 12.19% to reach USD 221.16 billion by 2030.

A lithium-ion battery comprises the global sale, production, and utilization of rechargeable energy storage devices primarily relying on lithium ions for their electrochemical performance. These batteries have become a crucial component in various industries due to their high energy density, low self-discharge rate, and extended lifespan compared to traditional battery technologies. Increasing global demand for clean and efficient energy sources, spurred by rising awareness about environmental concerns, has led to higher adoption rates for electric vehicles and renewable energy storage solutions that require efficient battery systems like lithium-ion batteries. Supportive government initiatives towards green-energy transition and investments in R&D projects promote growth within this sector. However, the high cost of manufacturing these batteries limits mass adoption, and concerns over material availability, such as lithium and cobalt, may affect production capabilities with increasing demand. As countries move towards stringent emission norms, the need for electric vehicles is set to rise exponentially, resulting in higher demand for lithium-ion batteries. Furthermore, the rising adopting of renewable energy sources calls for efficient grid storage solutions that benefit from these battery technologies and are expected to create a lucrative market opportunity in the forecasted period.

KEY MARKET STATISTICS
Base Year [2023]	USD 98.84 billion
Estimated Year [2024]	USD 110.80 billion
Forecast Year [2030]	USD 221.16 billion
CAGR (%)	12.19%

Type: Rising adoption of lithium cobalt oxide batteries owing to its high energy density for portable devices

Lithium cobalt oxide batteries are vitally used in consumer electronics as they have high energy density. They can store much energy in a small space, making them ideal for portable devices. Lithium iron phosphate batteries offer excellent thermal stability and safety characteristics due to their stable phosphate chemistry. As a result, they are commonly used for energy storage systems, electric vehicles (EVs), power tools, and medical devices where safety is critical. Lithium manganese oxide batteries have high-temperature stability and power output capabilities, which make them suitable for power tools, electric bikes, and automotive applications. Lithium nickel cobalt aluminum oxide batteries deliver long cycle life and higher energy density, making them ideal for electric vehicles and grid storage systems. With a balanced combination of high energy density, cycle life, and safety characteristics, Lithium nickel manganese cobalt oxide batteries are popular in various applications such as electric vehicles, e-bikes, power tools, and grid storage systems. Lithium titanate batteries provide rapid charging capabilities while maintaining excellent cycle life and low-temperature performance. Their applications include electric buses, grid storage systems, and emergency backup power supplies.

Power Capacity: Emerging use of 3000mAh to 10000mAh power capacity batteries for heavy-duty applications

The 0 to 3000mAh segment of lithium-ion batteries caters to low-power devices, such as smartphones, portable chargers, wireless headphones, and IoT sensors. It offers a compact size and lightweight design that reduces the bulkiness of devices. The high power capacity segment (10000mAh-60000mAh) serves devices that demand longer usage times and higher energy output, such as laptops, electric vehicles (EVs), and solar power systems. These batteries provide greater energy storage capabilities for applications requiring extended runtimes or higher discharge rates. Mid-range power capacity batteries ranging from 3000mAh to 10000mAh serve diverse applications like tablets, drones, and power tools. They offer a balanced mix of energy storage and size, catering to the increasing need for efficient yet portable devices.

Application: Proliferating adoption of lithium-ion batteries in automotive applications as they provide high energy density in vehicles

Lithium-ion batteries in automotive applications have become the preferred choice for hybrid and electric vehicles owing to their higher long cycle life, energy density, and low self-discharge rate. Lithium-ion batteries are vitally utilized in consumer electronics such as smartphones, laptops, tablets, smartwatches, and digital cameras due to their lightweight design and high-energy storage capability. Lithium-ion batteries are critical in energy storage systems (ESS) for grid stabilization, renewable energy integration, and backup power. In industrial applications, lithium-ion batteries are used for a wide range of purposes, including material handling equipment (e.g., forklifts), industrial robotics, and backup power for critical systems. They offer advantages such as longer cycle life, higher energy density, and reduced maintenance compared to traditional lead-acid batteries.

Regional Insights

The Americas have significant landscape in the lithium-ion batteries market due to growing demand for electric vehicles (EVs) and renewable energy storage systems. The presence of critical market players in the region investing heavily in R&D and production of lithium-ion batteries. In the European Union (EU), strict emission regulations are propelling growth in EV adoption and subsequently driving demand for lithium-ion batteries. In addition to automotive applications, Europe is also witnessing increased use of these batteries in various industrial sectors such as aerospace and defense. The Middle Eastern countries have identified renewable energy deployment as a key strategy for diversifying their economies away from oil dependency. This has increased the need for efficient energy storage solutions such as lithium-ion batteries. The APAC region has observed a developing landscape in the lithium-ion batteries market due to its well-established manufacturing capabilities, strong government support, and high demand for EVs. The rapidly growing economy and increasing demand for clean energy technologies also drive the demand for lithium-ion batteries in the APAC region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Lithium-Ion Battery Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Lithium-Ion Battery Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Lithium-Ion Battery Market, highlighting leading vendors and their innovative profiles. These include A123 Systems LLC, BYD Co. Ltd., Contemporary Amperex Technology Co. Limited, Dragonfly Energy Corp., Electrovaya Inc., Enertron by Dyna Energy, EVE Energy Co., Ltd., GS Yuasa Corporation, Hitachi High-Tech Corporation, Karacus Energy Pvt. Ltd., LG Chem, Lithium Werks by Reliance New Energy Limited, Microvast Inc., Padre Electronics Co.,Limited, Panasonic Corporation, Primearth EV Energy Co., Ltd., Renault Group, Samsung SDI Co., Ltd., Sanyo Chemical Industries, Ltd., Shanghai Electric Gotion New Energy Technology Co., Ltd., SK Innovation Co., Ltd., Tadiran Batteries GmbH by Saft Groupe S.A., Tesla, Inc., Tianjin Lishen Battery Joint-Stock Co.,Ltd., Tianneng Power International Ltd., and Toshiba Corporation.

Market Segmentation & Coverage

This research report categorizes the Lithium-Ion Battery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Nickel Manganese Cobalt Oxide
- Lithium Titanate

Power Capacity
- 0 to 3000mAH
- 10000mAh to 60000mAH
- 3000mAH to 10000mAH

Application
- Automotive
- Consumer Electronics
- Energy Storage
- Industrial

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Lithium-Ion Battery Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Lithium-Ion Battery Market?

3. What are the technology trends and regulatory frameworks in the Lithium-Ion Battery Market?

4. What is the market share of the leading vendors in the Lithium-Ion Battery Market?

5. Which modes and strategic moves are suitable for entering the Lithium-Ion Battery Market?

Product Code: MRR-437A5D08AE24

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand of plug-in vehicles
  - 5.1.1.2. Need for battery operated material handling equipment by the industry
  - 5.1.1.3. Growing demand for smart industrial product
- 5.1.2. Restraints
  - 5.1.2.1. Issues associated with the storage, overheating, and transportation of spent batteries
- 5.1.3. Opportunities
  - 5.1.3.1. Rapid and adoption of lithium ion batteries due to declining prices
  - 5.1.3.2. Development in the energy sector
- 5.1.4. Challenges
  - 5.1.4.1. Potential threat from chemical energy storage, compressed energy storage, and pumped hydro technology
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising adoption of lithium cobalt oxide batteries owing to its high energy density for portable devices
- 5.2.2. Power Capacity: Emerging use of 3000mAh to 10000mAh power capacity batteries for heavy-duty applications
- 5.2.3. Application: Proliferating adoption of lithium-ion batteries in automotive applications as they provide high energy density in vehicles
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Lithium-Ion Battery Market, by Type

6.1. Introduction
6.2. Lithium Cobalt Oxide
6.3. Lithium Iron Phosphate
6.4. Lithium Manganese Oxide
6.5. Lithium Nickel Cobalt Aluminum Oxide
6.6. Lithium Nickel Manganese Cobalt Oxide
6.7. Lithium Titanate

7. Lithium-Ion Battery Market, by Power Capacity

7.1. Introduction
7.2. 0 to 3000mAH
7.3. 10000mAh to 60000mAH
7.4. 3000mAH to 10000mAH

8. Lithium-Ion Battery Market, by Application

8.1. Introduction
8.2. Automotive
8.3. Consumer Electronics
8.4. Energy Storage
8.5. Industrial

9. Americas Lithium-Ion Battery Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Lithium-Ion Battery Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Lithium-Ion Battery Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. US firm IBC To Invest RS 8,000 crore in Karnataka, Set Up Lithium-Ion Battery Plant
- 12.3.2. Winnebago Industries to Acquire Premier Lithium-ion Battery Solutions Provider Lithionics Battery
- 12.3.3. Amara Raja to set up Rs 9,500 Crore Lithium-Ion Battery Facilities In Telangana
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio