Lithium Ion Battery Market size to exceed $73bn by 2025

Global Lithium Ion Battery Market size will surpass USD 73 billion by 2025, as reported in the latest study by Global Market Insights, Inc.
 

Growing concerns toward environmental emissions coupled with increasing demand for EV’s will stimulate lithium ion battery market. In addition, shifting trends toward the application of renewable energy sources for power generation integrated with ESS will further enhance industry landscape. For instance, in June 2019, U.S. based Duke Energy, announced 22 MW Li-ion storage projects to balance the demand/supply gap, improve energy security and manage costs associated with T & D infrastructure. The project will aid company in meeting its target of installing 50 MW of battery energy storage systems by 2022.

 

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Lithium Cobalt Oxide battery market will expand over 2% by 2025. High specific energy and long run time are some significant features that will favor the deployment of these batteries across consumer electronics including tablets, mobile phones, laptops and camera. The growing demand of high-performance consumer electronic batteries offering longevity and rapid charging will further enhance the industry growth.


Global Lithium Ion Battery Market

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Europe lithium ion battery market size is anticipated to witness growth over 11% by 2025. Supportive government policies coupled with growing automotive industry will stimulate the demand for these units. For instance, as per the International Energy Agency, in 2018, the total number of EV’s on road across Europe were over 1 million units.
 

Lithium manganese oxide (LMO) battery market will witness gains on account of strong thermal stability and high power. Enhanced safety and current handling will favor the distribution of these batteries across transportation sector including electric cars, buses two-wheelers.
 

Browse key industry insights spread across 470 pages with 690 market data tables & 45 figures & charts from the report, “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, 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 (U.S., Canada, Germany, UK, France, Russia, Italy, Spain, Austria, Netherlands, Sweden, China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Philippines, Saudi Arabia, UAE, Iran, Egypt, Turkey, Morocco, South Africa, Nigeria, Algeria, Brazil, Argentina, Mexico, Chile, Colombia) , Competitive Market Analysis & Forecast, 2019 – 2025in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lithium-ion-battery-market
 

High adoption rate of activity trackers and smart watches owing to rising concerns toward health and fitness will drive the lithium ion battery market growth. Stringent waste disposal norms along with increasing demand for electronic devices will boost product penetration. In addition, low rate of self-discharge along with high charge density are some of the prominent features favoring the installation of these batteries across consumer electronics segment.
 

China lithium ion battery market will witness growth on account of rising concerns toward. high emissions levels associated with the transportation sector coupled with rising demand for consumer electronics. In addition, increasing integration of ESS with renewable energy sources will further augment the business growth.

 

The U.S. lithium ion battery market in 2018, was valued over USD 8 billion and is set to witness strong growth over the forecast timeframe. Increasing investments toward the development of EV charging infrastructure along with declining costs of electric vehicles will enhance the industry outlook. Growing focus toward environmental emissions coupled with tax incentives associated with adoption of renewable energy technologies will further boost the product penetration.
 

Significant industry participants operating across the lithium ion battery market include Hitachi Chemical, GS Yuasa, Samsung, LG Chem, Philips, A123 Systems, Sanyo, Toshiba, EnerDel, ProLogium, Saft, Roofer, Valence, Duracell, Energus Power, Tesla and Johnson Controls amongst others.
 

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Global Lithium Ion battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD from 2014 to 2025, for the following segments:

Global Lithium Ion battery market, By Chemistry

  • Lithium Iron Phosphate (LFP)
  • Lithium Cobalt Oxide (LCO)
  • Lithium Titanate (LTO)
  • Nickle Manganese Cobalt Oxide (NMC)
  • Nickel Cobalt Aluminum Oxide (NCA)
  • Lithium Manganese Oxide (LMO)

Global Lithium Ion battery market, By Components

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

Global Lithium Ion battery market, By Application

  • Industrial
  • Military
  • Industrial Equipment
  • Medical
  • Marine
  • 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 is provided on a country basis for the following:

  • 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
    • Columbia

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