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PUBLISHER: DataM Intelligence | PRODUCT CODE: 1325364

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PUBLISHER: DataM Intelligence | PRODUCT CODE: 1325364

Global Lithium-ion Batteries Market - 2023-2030

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Market Overview

Global Lithium-ion Batteries Market reached US$ 52.1 billion in 2022 and is expected to reach US$ 144.0 billion by 2030 growing with a CAGR of 13.6% during the forecast period 2023-2030.

The demand for lithium-ion batteries in the automotive sector, particularly for EVs and hybrid vehicles, has been a primary driver of the market. The transition from traditional internal combustion engines to electric powertrains has fueled the demand for high-performance, long-lasting batteries with fast-charging capabilities.

Consumer electronics is expected to hold more than 1/3rd share in the global lithium-ion batteries market in the forecast period, covering nearly half of the share in countries India, China and Japan where the electronics sector has a greater dominance. Furthermore, the proliferation of smartphones, laptops, tablets, wearables and other portable electronic devices has boosted the demand for lithium-ion batteries. These batteries offer high energy density, longer lifespan and lighter weight compared to other battery technologies, making them ideal for powering portable devices.

Market Dynamics

Rise in Demand for Electric Vehicles

Lithium-ion batteries are the primary energy storage solution used in EVs. They offer high energy density, longer lifespan and fast-charging capabilities, making them well-suited for powering electric vehicles. The increasing adoption of lithium-ion batteries in EVs has directly driven the growth of the lithium-ion batteries market. Considering the growing demand for EV government across the globe is also investing in boosting the market share of the product.

For instance, on 1st January 2023, To improve the domestic supply chain for the cutting-edge batteries that power electric vehicles (EVs), U.S. Department of Energy (DOE) announced funding of US$ 42 million for 12 projects. In order to increase domestic EV adoption, projects chosen for the Electric Vehicles for American Low-Carbon Living (EVs4ALL) program focus on developing batteries that last longer, charge more quickly, function well in subfreezing temperatures and have better overall range retention.

Increasing Usage and Demand for Smart Devices

The proliferation of smart devices in the consumer's daily lives has led to a surge in their usage. Smartphones, in particular, have become essential tools for communication, internet browsing, multimedia consumption and a wide range of applications. The increased reliance on smart devices has significantly driven the demand for reliable and long-lasting battery solutions.

Furthermore, emerging trends in the smart device market, such as the Internet of Things (IoT), augmented reality (AR), virtual reality (VR) and wearable devices, are expected to further drive the demand for lithium-ion batteries. These technologies require efficient and reliable energy storage solutions to power their functionalities.

Alternative Battery Technologies

Alternative battery technologies, such as solid-state batteries, lithium-sulfur batteries and various post-lithium-ion technologies, offer the potential for improved performance and features compared to traditional lithium-ion batteries. These alternative technologies may offer higher energy densities, faster charging capabilities, longer cycle life and better safety profiles.

Furthermore, excessive battery heating issues can drive interest and investments in alternative battery technologies that offer improved thermal stability. For instance, solid-state batteries are being researched and developed as a potential alternative to conventional lithium-ion batteries due to their enhanced safety features, including resistance to overheating and thermal runaway.

COVID-19 Impact Analysis

The pandemic resulted in disruptions to global supply chains, including raw materials, components and manufacturing facilities. Restrictions on transportation, lockdown measures and reduced workforce availability led to delays and shortages in the supply of lithium-ion batteries and related materials. This disruption affected the production and availability of batteries, impacting the market.

Furthermore, the automotive industry, including the electric vehicle (EV) sector, experienced a slowdown due to lockdowns, economic uncertainties and reduced consumer spending during the pandemic. The reduced demand for EVs had a direct impact on the lithium-ion batteries market since EVs are a major application segment for these batteries.

Segment Analysis

The global lithium-ion batteries market is segmented based on type, material, capacity, voltage, end-user and region.

Lithium Cobalt Oxide (Licoo2) has Excellent Cycling Stability, High Energy Density and Specific Capacity

Lithium Cobalt Oxide (LiCoO2) holds a major share in the market and is expected to cover up to 1/3rd share in the forecast period. The demand for LiCoO2 has been significant due to the widespread adoption of portable electronics globally. However, there is increasing interest in developing alternative cathode materials with better safety, lower cost and higher energy density.

This is driven by the need for improved battery performance, longer cycle life and enhanced thermal stability. As a result, the market share of LiCoO2 is gradually diversifying to include other cathode materials like Lithium Nickel Manganese Cobalt Oxide (NMC) and Lithium Iron Phosphate (LFP). Furthermore, ongoing research and development efforts are focused on enhancing the performance and safety of LiCoO2 cathodes is expected to create future opportunities for the segmental growth of the product.

Geographical Analysis

Asia-Pacific Increasing Adoption of Electric Vehicles (EVs)

Asia-Pacific holds a significant share of the global lithium-ion batteries market and countries like India, China and Japan hold a major share in it. India is among the developing economy making it cover 1/3rd of the market. Furthermore, according to official data, China's lithium-ion battery market continued to grow rapidly in the first 10 months of 2022.

According to data from the Ministry of Industry and Information Technology, the overall output of lithium-ion batteries exceeded 580 gigawatt-hours (GWh) between January and October. Particularly, the output of consumer-grade lithium-ion batteries exceeded 84 GWh. In the first 10 months, power batteries for new energy vehicles (NEVs) were built to a capacity of around 224 GWh. Furthermore, according to the ministry, exports of lithium-ion battery products increased 87 percent year over year.

Competitive Landscape

The major global players include LG Chem Ltd, Panasonic Corporation, Samsung SDI Co Ltd, BYD Co Ltd, BAK Group, A123 Systems, GS Yuasa Corporation, Hitachi Ltd, Johnsons Controls Inc. and Saft Groupe S.A.

Why Purchase the Report?

  • To visualize the global lithium-ion batteries market segmentation based on type, material, capacity, voltage, end-user and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of lithium-ion batteries market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global lithium-ion batteries market report would provide approximately 78 tables, 89 figures and 220 Pages.

Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
Product Code: EP1951

Table of Contents

1. Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

  • 3.1. Snippet by Type
  • 3.2. Snippet by Material
  • 3.3. Snippet by Capacity
  • 3.4. Snippet by Voltage
  • 3.5. Snippet by End-User
  • 3.6. Snippet by Region

4. Dynamics

  • 4.1. Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rise in Demand for Electric Vehicles
      • 4.1.1.2. Increasing Usage and Demand for Smart Devices
    • 4.1.2. Restraints
      • 4.1.2.1. Excessive Battery Heating
      • 4.1.2.2. Alternative Battery Technologies
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Industry Analysis

  • 5.1. Porter's Five Force Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. COVID-19 Analysis

  • 6.1. Analysis of COVID-19
    • 6.1.1. Scenario Before COVID
    • 6.1.2. Scenario During COVID
    • 6.1.3. Scenario Post COVID
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. By Type

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 7.1.2. Market Attractiveness Index, By Type
  • 7.2. Lithium Cobalt Oxide (LiCoO2)*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Lithium Iron Phosphate (LiFePO4)
  • 7.4. Lithium Nickel Cobalt Aluminum Oxide (LiNiCoAlO2 or NCA)
  • 7.5. Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2 or NMC)
  • 7.6. Lithium Titanate (Li4Ti5O12 or LTO)
  • 7.7. Lithium Manganese Oxide

8. By Material

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
    • 8.1.2. Market Attractiveness Index, By Material
  • 8.2. Cathode Material*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Anode Material
  • 8.4. Electrolyte Material
  • 8.5. Separator Material
  • 8.6. Current Collector Material
  • 8.7. Others

9. By Capacity

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
    • 9.1.2. Market Attractiveness Index, By Capacity
  • 9.2. 0 to 3,000 mAh*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. 3,000 t0 10,000 mAh
  • 9.4. 10,000 to 60,000 mAh
  • 9.5. 60,000 mAh and Above

10. By Voltage

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage
    • 10.1.2. Market Attractiveness Index, By Voltage
  • 10.2. Low (Below 12 V*
    • 10.2.1. Introduction
    • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 10.3. Medium (12-36V)
  • 10.4. High (Above 36V)

11. By End-User

  • 11.1. Introduction
    • 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 11.1.2. Market Attractiveness Index, By End-User
  • 11.2. Automotive*
    • 11.2.1. Introduction
    • 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 11.3. Consumer Electronics
  • 11.4. Aerospace and Defense
  • 11.5. Marine
  • 11.6. Industrial
  • 11.7. Healthcare
  • 11.8. Industrial and Manufacturing
  • 11.9. Others

12. By Region

  • 12.1. Introduction
    • 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 12.1.2. Market Attractiveness Index, By Region
  • 12.2. North America
    • 12.2.1. Introduction
    • 12.2.2. Key Region-Specific Dynamics
    • 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
    • 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
    • 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage
    • 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 12.2.8.1. U.S.
      • 12.2.8.2. Canada
      • 12.2.8.3. Mexico
  • 12.3. Europe
    • 12.3.1. Introduction
    • 12.3.2. Key Region-Specific Dynamics
    • 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
    • 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
    • 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage
    • 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 12.3.8.1. Germany
      • 12.3.8.2. UK
      • 12.3.8.3. France
      • 12.3.8.4. Italy
      • 12.3.8.5. Russia
      • 12.3.8.6. Rest of Europe
  • 12.4. South America
    • 12.4.1. Introduction
    • 12.4.2. Key Region-Specific Dynamics
    • 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
    • 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
    • 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage
    • 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 12.4.8.1. Brazil
      • 12.4.8.2. Argentina
      • 12.4.8.3. Rest of South America
  • 12.5. Asia-Pacific
    • 12.5.1. Introduction
    • 12.5.2. Key Region-Specific Dynamics
    • 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
    • 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
    • 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage
    • 12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 12.5.8.1. China
      • 12.5.8.2. India
      • 12.5.8.3. Japan
      • 12.5.8.4. Australia
      • 12.5.8.5. Rest of Asia-Pacific
  • 12.6. Middle East and Africa
    • 12.6.1. Introduction
    • 12.6.2. Key Region-Specific Dynamics
    • 12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
    • 12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment Model
    • 12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

13. Competitive Landscape

  • 13.1. Competitive Scenario
  • 13.2. Market Positioning/Share Analysis
  • 13.3. Mergers and Acquisitions Analysis

14. Company Profiles

  • 14.1. LG Chem Ltd *
    • 14.1.1. Company Overview
    • 14.1.2. Product Portfolio and Description
    • 14.1.3. Financial Overview
    • 14.1.4. Key Developments
  • 14.2. Panasonic Corporation
  • 14.3. Samsung SDI Co Ltd
  • 14.4. BYD Co Ltd
  • 14.5. BAK Group
  • 14.6. A123 Systems
  • 14.7. GS Yuasa Corporation
  • 14.8. Hitachi Ltd
  • 14.9. Johnsons Controls Inc.
  • 14.10. Saft Groupe S.A.

LIST NOT EXHAUSTIVE

15. Appendix

  • 15.1. About Us and Services
  • 15.2. Contact Us
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