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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1225172
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1225172
Lithium-ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global lithium-ion battery market size reached US$ 45.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 93.3 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.
The lithium-ion battery is an advanced rechargeable battery comprising lithium ions in its electrochemistry. It consists of organic electrolytes, graphite anodes, lithium cobalt oxide, and lithium manganese oxide cathodes. It has higher energy density and charge storage, lower self-discharge rates, and requires minimal maintenance compared to the traditionally used lithium batteries. Besides this, it does not require scheduled cycling to maintain battery life and delivers large amounts of current for high-power applications across automotive, military, and aerospace industries. Additionally, the lithium-ion battery is extensively used in portable consumer electronics, such as smartphones, laptops, tablets, iPods, ear pods, PDAs, digital cameras, music players, and power tools.
Lithium-ion Battery Market Trends:
- The growing global population is resulting in the rising sales of electrical appliances and gadgets with efficient storage and power backup solutions. This represents one of the key factors positively influencing the market. In addition, the escalating demand for passenger and commercial vehicles is impelling the growth of the market across the globe. In line with this, the growing awareness among individuals about the adverse impact of conventional automobiles is increasing the sales of electric vehicles with lithium-ion batteries. Furthermore, the utilization of these batteries in the renewable energy sector for various projects, including photovoltaic installation, nuclear power plants, and wind energy projects, is propelling market growth. Besides this, governments of various countries are implementing favorable policies to promote the industrial manufacturing and utilization of lithium-ion batteries for sustainable energy distribution, which is strengthening the market growth. Moreover, increasing investments by leading market players in research and development (R&D) activities to introduce more technologically advanced product variants are expected to drive the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global lithium-ion battery market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, power capacity and application.
Breakup by Product Type:
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Nickel Manganese Cobalt
- Lithium Manganese Oxide
- Others (Li-ion Nickel Cobalt Aluminium Oxide and Li-ion Titanate Oxide)
- Li-ion cobalt oxide currently holds the majority of the market share as it exhibits high specific energy, which makes it suitable for use in electrical appliances and consumer items.
Breakup by Power Capacity:
0 to 3000mAh
- 3000mAh to 10000mAh
- 10000mAh to 60000mAh
- More than 60000mAh
- Batteries with a power capacity of 3000mAh to 10000mAh exhibit a clear dominance in the market due to their increasing utilization in consumer electronics, electric vehicles, power tools, and aerospace.
Breakup by Application:
- Consumer Electronics
- Electric Vehicles
- Energy Storage
- Others
- Li-ion batteries are majorly used in consumer electronics to meet the escalating demand for safe and inexpensive batteries with a higher energy density.
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
- The Asia Pacific enjoys the leading position in the market as there are numerous leading battery original equipment manufacturers (OEMs) operating in the region.
Competitive Landscape:
- The competitive landscape of the industry has also been examined with some of the lithium ion battery manufacturers being A123 Systems LLC, AESC SDI CO.,LTD., LG Chem Ltd., Panasonic Corporation, SAMSUNG SDI CO.,LTD., Toshiba Corporation, Amperex Technology Limited, BAK Group, Blue Energy Limited, BYD Company Ltd., CBAK Energy Technology, Inc., Tianjin Lishen Battery Joint-Stock CO.,LTD., Valence Technology, Inc., SK innovation Co., Ltd, and Hitachi, Ltd.
- Key Questions Answered in This Report
- 1. What was the size of the global lithium-ion battery market in 2022?
- 2. What is the expected growth rate of the global lithium-ion battery market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global lithium-ion battery market?
- 4. What are the key factors driving the global lithium-ion battery market?
- 5. What is the breakup of the global lithium-ion battery market based on the product type?
- 6. What is the breakup of the global lithium-ion battery market based on the power capacity?
- 7. What is the breakup of the global lithium-ion battery market based on the application?
- 8. What are the key regions in the global lithium-ion battery market?
- 9. Who are the key players/companies in the global lithium-ion battery market?
Product Code: SR1423A13_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Lithium-ion Battery Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Power Capacity
- 5.6 Market Breakup by Application
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Overview
- 5.10.2 Research and Development
- 5.10.3 Raw Material Procurement
- 5.10.4 Manufacturing
- 5.10.5 Marketing
- 5.10.6 Distribution
- 5.10.7 End-Use
- 5.11 Porters Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
- 5.12 Price Analysis
- 5.12.1 Key Price Indicators
- 5.12.2 Price Structure
- 5.12.3 Price Trends
6 Market Breakup by Product Type
- 6.1 Lithium Cobalt Oxide
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Lithium Iron Phosphate
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Lithium Nickel Manganese Cobalt
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Lithium Manganese Oxide
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others (Lithium Nickel Cobalt Aluminium Oxide and Lithium Titanate Oxide)
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Power Capacity
- 7.1 0 to 3000mAh
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 3000mAh to 10000mAh
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 10000mAh to 60000mAh
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 More than 60000mAh
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Consumer Electronics
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Electric Vehicles
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Energy Storage
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 Asia Pacific
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 North America
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Lithium-ion Battery Manufacturing Process
- 10.1 Product Overview
- 10.2 Raw Material Requirements
- 10.3 Manufacturing Process
- 10.4 Key Success and Risk Factors
11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Key Players
- 11.3 Profiles of Key Players
- 11.3.1 A123 Systems LLC
- 11.3.2 AESC SDI CO.,LTD.
- 11.3.3 LG Chem Ltd.
- 11.3.4 Panasonic Corporation
- 11.3.5 SAMSUNG SDI CO.,LTD.
- 11.3.6 Toshiba Corporation
- 11.3.7 Amperex Technology Limited
- 11.3.8 BAK Group
- 11.3.9 Blue Energy Limited
- 11.3.10 BYD Company Ltd.
- 11.3.11 CBAK Energy Technology, Inc.
- 11.3.12 Tianjin Lishen Battery Joint-Stock CO.,LTD.
- 11.3.13 Valence Technology, Inc.
- 11.3.14 SK innovation Co., Ltd
- 11.3.15 Hitachi, Ltd
Product Code: SR1423A13_Report
List of Figures
- Figure 1: Global: Lithium-ion Battery Market: Major Drivers and Challenges
- Figure 2: Global: Lithium-ion Battery Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Lithium-ion Battery Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Lithium-ion Battery Market: Breakup by Power Capacity (in %), 2022
- Figure 5: Global: Lithium-ion Battery Market: Breakup by Application (in %), 2022
- Figure 6: Global: Lithium-ion Battery Market: Breakup by Region (in %), 2022
- Figure 7: Global: Lithium-ion Battery Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 8: Lithium-ion Battery Market: Price Structure
- Figure 9: Global: Lithium-ion Battery Market: Average Prices (in US$/Unit), 2017-2028
- Figure 10: Global: Lithium-ion Battery Industry: SWOT Analysis
- Figure 11: Global: Lithium-ion Battery Industry: Value Chain Analysis
- Figure 12: Global: Lithium-ion Battery Industry: Porter's Five Forces Analysis
- Figure 13: Lithium-ion Battery Manufacturing: Production Cost Breakup (in %)
- Figure 14: Global: Lithium-ion Battery (Lithium Cobalt Oxide) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Lithium-ion Battery (Lithium Cobalt Oxide) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Lithium-ion Battery (Lithium Iron Phosphate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Lithium-ion Battery (Lithium Iron Phosphate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Lithium-ion Battery (Lithium Nickel Manganese Cobalt) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Lithium-ion Battery (Lithium Nickel Manganese Cobalt) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Lithium-ion Battery (Lithium Manganese Oxide) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Lithium-ion Battery (Lithium Manganese Oxide) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Lithium-ion Battery (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Lithium-ion Battery (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Lithium-ion Battery (0 to 3000mAh) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Lithium-ion Battery (0 to 3000mAh) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Lithium-ion Battery (3000mAh to 10000mAh) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Lithium-ion Battery (3000mAh to 10000mAh) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Lithium-ion Battery (10000mAh to 60000mAh) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Lithium-ion Battery (10000mAh to 60000mAh) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Lithium-ion Battery (More than 60000mAh) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Lithium-ion Battery (More than 60000mAh) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Lithium-ion Battery (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Lithium-ion Battery (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Lithium-ion Battery (Electric Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Lithium-ion Battery (Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Lithium-ion Battery (Energy Storage) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Lithium-ion Battery (Energy Storage) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Lithium-ion Battery (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Lithium-ion Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia Pacific: Lithium-ion Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia Pacific: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: North America: Lithium-ion Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: North America: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Europe: Lithium-ion Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Europe: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Middle East and Africa: Lithium-ion Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Middle East and Africa: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Latin America: Lithium-ion Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Latin America: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Lithium-ion Battery Manufacturing: Detailed Process Flow
List of Tables
- Table 1: Global: Lithium-ion Battery Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Lithium-ion Battery Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Lithium-ion Battery Market Forecast: Breakup by Power Capacity (in Million US$), 2023-2028
- Table 4: Global: Lithium-ion Battery Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Lithium-ion Battery Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Lithium-ion Battery Manufacturing: Raw Material Requirements
- Table 7: Global: Lithium-ion Battery Market: Competitive Structure
- Table 8: Global: Lithium-ion Battery Market: Key Players
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