Lithium-ion Battery Market Share, Trend, Segmentation and Forecast 2018

Lithium-ion Battery Market By Product And Application – Global Industry Analysis And Forecast To 2023: Industry Outlook and Trend Analysis

The Lithium-Ion Battery Market was worth USD 22.02 billion in 2014 and is expected to reach approximately USD 88.47 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 16.71% during the forecast period. Expanding enrolment of electric vehicles (EVs) alongside diminishing lithium-ion battery cost is expected to enlarge industry measure over the gauge time frame. The rising number of PV installations and nuclear power plants alongside the initiation of New Wind Energy Projects are expected to augment the market development over the conjecture time frame. The pattern of renewable energy generation was driven by expanding worries about environmental change, ideal government incentives, diminishing cost of solar photovoltaic cells, and declining expense of batteries.

Product Outlook and Trend Analysis

Lithium Nickel Manganese Cobalt battery was the leading fragment and represented 26% of the worldwide share in 2016. Expanding adoption of NMC in power tools, e-bikes and other electric powertrains by virtue of its higher energy density, low cost, and longer cycle life will fuel its request over the gauge time frame. NMC provides general execution and exceeds expectations on particular vitality and have high limit and high power.  Lithium press phosphate (LFP) batteries are anticipated to develop at a significant CAGR over the forecast period. The LFP batteries offer amazing security and long-life traverse to the product.

Application Outlook and Trend Analysis

Consumer electronics application was esteemed at USD 11.92 billion out of 2016 by virtue of high strength and dependability of these batteries in consumer appliances, for example, smartphones and laptops. Developing electronics industry in different nations is anticipated to build industry extension over the estimate period. Energy stockpiling frameworks is anticipated to expand indicate significant demand ascend at a significant CAGR over the estimate time frame because of expanding  off-grid installations.

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Regional Outlook and Trend Analysis

Asia Pacific is anticipated to indicate high income gains over the forecast period. Expanding interest for mobiles and tablets in different nations including India, China, Japan and Thailand is foreseen to increase industry development over the figure period. North America is anticipated to witness a huge development over the gauge time frame inferable from the developing electric vehicle and consumer electronics sales in nations including U.S. and Mexico.

Competitive Insights

The leading players in the market are Johnson Controls, NEC, Saft Groupe S.A, LG Chem, Panasonic, Hitachi, BYD Company, A123 Systems and Toshiba. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Lithium-Ion Battery Market is segmented as follows-

By Product:

  • Lithium iron phosphate (LFP)
  • Lithium Nickel Cobalt Aluminum Oxide (NCA)
  • Lithium Titanate (LTO)
  • Lithium Nickel Manganese Cobalt (NMC)
  • Lithium Manganese Oxide (LMO)
  • Lithium cobalt oxide (LCO)

By Application:

  • Automotive
  • Energy storage systems
  • Consumer electronics
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Columbia
    • South Africa
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of MEA

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Table of Contents

1. Introduction

1.1. Report Description

1.2. Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2. Executive Summary

2.1. Key Highlights

3. Market Overview

3.1. Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities Emerging Markets to Offer Lucrative Growth Opportunities

4. Market Analysis by Regions

4.1. North America (United States, Canada and Mexico)

4.1.1. United States Market States and Outlook (2014-2023)

4.1.2. Canada Market States and Outlook (2014-2023)

4.1.3. Mexico Market States and Outlook (2014-2023)

4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1. Germany Market States and Outlook (2014-2023)

4.2.2. France Market States and Outlook (2014-2023)

4.2.3. UK Market States and Outlook (2014-2023)

4.2.4. Russia Market States and Outlook (2014-2023)

4.2.5. Italy Market States and Outlook (2014-2023)

4.2.6. Rest of Europe Market States and Outlook (2014-2023)

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