Lithium-Ion Battery Market By Chemistry (LFP, LCO, LTO, NMC, NCA, LMO), By Component (Cathode, Anode, Separators, Electrolytes, Aluminum Foil, Copper Foil, Others), By Application (Industrial {Military, Industrial Equipment, Medical, Marine, Telecommunication, Forklifts, Mining, Others}, Automotive {Hybrid Electric Vehicles, Battery Electric Vehicles}, Consumer Electronics {Smartphones, Laptops, UPS Systems, Smart Cameras, Smart Watches, Smart Glasses, Smart Textiles, Activity Trackers, Others}, Energy Storage), Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Competitive Market Analysis & Forecast, 2020 – 2026

Published Date: May 2020  |  Report ID: GMI1135  |  Authors: Ankit Gupta, Nikhil Paranjape

Report Format: PDF   |   Pages: 510   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Lithium-Ion Battery Market size is anticipated to grow at over 15% CAGR through 2026. Surging demand for electric vehicles owing to the ongoing concerns toward increasing pollution levels will positively influence lithium-ion battery industry landscape.

Lithium iron phosphate, lithium cobalt oxide, and manganese oxide batteries are few of the prominent lithium-ion battery chemistries that have witnessed significant adoption rates across a wide range of applications. Introduction of favorable policies to promote electric vehicles and overcapacity in component manufacturing has significantly brought down the per kWh cost of batteries which will augment the lithium-ion battery market statistics.

Lithium Ion Battery Market

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Currently, the lithium-ion battery deployment is anticipated to witness subdued growth on account of ongoing COVID-19 pandemic. Governments across the globe have implemented social distancing measures of varying degrees to control the spread of disease. Large scale lockdown of manufacturing units, and shortage of manpower are few of the factors that will decrement the installation of lithium-ion battery units.

However, numerous pharmaceutical companies have introduced vaccines for the COVID-19, and it is anticipated that the demand of lithium-ion battery industry will rebound back to its normalcy by first half of FY 2021.

Global lithium-ion battery market report covers the detailed analysis of industry trends segmented on a regional & country basis across types of chemistries, component, and application. Moreover, the market forecasts & estimates are in line with the data represented by state and federal authorities including the International Energy Agency, European Commission, The United Nations Conference on Trade and Development, The Asian Development Bank, International Monitory Fund, Battery Council International, Portable Rechargeable Battery Association, regulatory bodies, and company annual reports

Ability of NMC battery chemistries to offer high energy density will drive the overall market forecasts

Global Lithium Ion Battery Market By Chemistry

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Lithium-ion battery market from NMC chemistry is poised register over 18% CAGR through 2026. Increasing penetration of EV’s and rising adoption of light electric vehicles will stimulate the demand for nickel manganese cobalt oxide (NMC) batteries. Nickel manganese cobalt is one of the most successful cathode combinations in Li-ion systems. Nickel and manganese are combined to enhance each other’s strengths which can be custom-made to work as power and energy cells.

NMC batteries have slowly occupied the position of LFP on account of their high energy density, complemented by economical price structure. These batteries have wide range of applications which include power tool, powertrains for electric vehicles due to low self-heating rate which will further augment the market expansion.

Growing demand for electronic products to surge the cathode-based component segment across lithium-ion battery business

Global Lithium Ion Battery Market By Component

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Lithium-ion battery market has undergone substantial improvement in terms of components over the recent past. Electrolytes, Aluminum foil, copper foil, anode, and cathode are some of the key lithium-ion battery components. Global demand for cathode materials has experienced significant upsurge owing to decreasing raw material costs and increasing demand for NCA, LFP and LMO batteries.

These lithium-ion battery units have high penetration across consumer electronics products which are witnessing significant demand. Substantial production capacity along with strong demand for batteries are few of the vital factors which will boost the demand for cathode materials.

Positive outlook towards electric vehicles to augment the market demand of lithium-ion batteries from automotive sector

Lithium-ion battery market from automotive sector is set to witness strong growth on account of rising focus toward zero emission vehicles along with growing focus toward increasing sustainability across transportation sector. Increasing demand for personal mobility coupled with ongoing technological advancements in lithium-ion battery life cycle will boost market share.

Ongoing expansion of e-commerce sector to boost the industry statistics across Asia Pacific region

North America, Europe, and Asia Pacific regions account for over 90% share of the global lithium-ion battery market in 2019. Rising demand for high energy density batteries along with growing penetration of consumer products have fueled the adoption of these units. The ongoing growth of the e-commerce industry have fueled the demand for consumer electronics on a global scale, thereby complementing the regional market expansion of lithium-ion battery units.

The market statistics of Asia Pacific region are witnessing an e-commerce revolution accounting for the largest share of world’s B2C e-commerce market. The e-commerce boom has enhanced the adoption of consumer electronics across the region thereby witnessing a cyclical demand for lithium-ion battery units.

Mergers & acquisitions and strategic partnerships acting as the focal point for market leaders

The eminent market players operating across the lithium-ion battery market are focusing on strategic alliances to achieve a competitive edge. The corporate strategy on partnerships is devised to significantly transform the market trends by enhancing manufacturing efficiency and drive down the overall battery costs to consolidate a leading market share. The key market players include Samsung SDI Co. Ltd., Panasonic Corporation, Tesla Inc., GS Yuasa Corporation, Hitachi Chemical Co. Ltd., and LG Chem Ltd. amongst others

Global lithium-ion battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD” from 2015 to 2026, for the following segments:

By Chemistry

  • LFP
  • LCO
  • LTO
  • NMC
  • NCA
  • LMO

By Component

  • Cathode
  • Anode
  • Separators
  • Electrolytes
  • Aluminum foil
  • Copper foil
  • Others

By Application

  • Industrial
    • Military
    • Industrial Equipment
    • Medical
    • Marine
    • Telecommunication
    • Forklifts
    • Mining
    • Others
  • Automotive
    • Hybrid Electric Vehicles
    • Battery Electric Vehicles
  • Consumer Electronics
    • Smartphones
    • Laptops
    • UPS Systems
    • Smart Cameras
    • Smart Watches
    • Smart Glasses
    • Smart Textiles
    • Activity Trackers
    • Others
  • Energy Storage

The above information has been provided for the following regions and states:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Spain
    • Austria
    • Netherlands
    • Sweden
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Malaysia
    • Thailand
    • Philippines
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Iran
    • Egypt
    • Turkey
    • Morocco
    • South Africa
    • Nigeria
    • Algeria
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Chile
    • Colombia


Frequently Asked Questions (FAQ) :

The global lithium-ion battery market is anticipated to grow to a valuation of more than USD 76 billion by 2026.
Rising demand for efficient energy storage systems along with the introduction of favorable policies toward the deployment of renewable energy technologies will be key driving factors for the global market growth.
One of the major challenges likely to impact the global market growth includes high production demand.
Samsung SDI Co. Ltd., Panasonic Corporation, Tesla Inc., GS Yuasa Corporation, Hitachi Chemical Co. Ltd. and LG Chem Ltd. are the major players in the global market.

Premium Report Details

  • Published Date: May 2020
  • Pages: 510
  • Tables: 702
  • Charts / Figures: 50
  • Companies covered: 25
  • Countries covered: 34

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