PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334653
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334653
Global Lithium Ion Energy Accumulator Market is anticipated to grow with a healthy growth rate of more than 12.25% over the forecast period 2023-2030. A lithium-ion energy accumulator battery, often referred to as a lithium-ion battery, is a rechargeable energy storage device that utilizes lithium ions to store and release electrical energy. These batteries are widely used in various applications, including electric vehicles, consumer electronics, renewable energy storage systems, and grid stabilization. Lithium-ion batteries offer high energy density, long cycle life, and relatively low self-discharge rates, making them a popular choice for portable and stationary power needs. They play a vital role in facilitating the transition to clean energy and powering the devices and systems of our modern, interconnected world. The driving factors boosting the market growth are growing demand for electric vehicles (EV) and increasing consumer electronics market.
According to Statista, in 2022, electric vehicles accounted for approximately 14 percent of global passenger car sales, showing a year-over-year increase of about 5.3 percentage points. The sales of electric vehicles have been experiencing rapid growth, surpassing the one percent market share in 2017 and significantly accelerating since 2020. The COVID-19 pandemic played a role in driving this expansion as consumers, driven by heightened environmental awareness, sought more sustainable transportation options. This trend has contributed to the global expansion of the electric vehicle market. Moreover, rapid growth of electric vehicle (EV) market and growing demand for portable electronics and consumer devices in which lithium-ion batteries are used is expected to create lucrative opportunities to the market growth. However, the high cost of Lithium Ion batteries and limited availability of raw materials such as lithium, cobalt and nickel stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Lithium Ion Energy Accumulator Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the strong manufacturing capacity of lithium ion batteries, growing adoption of EVs, and strong research institutions and universities that actively engage in battery research and development. However, Middle East and Africa is expected to become the fastest growing region during the forecast period, owing to factors such as abundant renewable resources, increasing energy demand, and international collaborations and investments in the sector.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable