According to study, “World Lithium Ion Battery Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world lithium ion battery market are BYD Company, Panasonic Sanyo, LG Chem, Samsung SDICo. Ltd., GS Yuasa, A123 Systems,Guoxuan High-tech,Beijing Pride Power (BPP), Lishen, SUNWODA, Amita Technologies, BAK Group, China Aviation Lithium Battery, Li-Tec Battery GmbH, Hitachi, Fenghua LIB, Fengfan New Energy, SK Energy, Sila Nanotechnologies, TDK Corp., Toshiba Corp.,Automotive Energy Supply Corporation (AESC),Maxell, AESC, PEVE, Coslight, Moli, Johnson Controls Inc., DESAY, Changhong Batteries, Valence Technology, Inc.,Lion-tech Corp., DKT, EnterDel, Lithium Werks, SYNergy ScienTech, Sony Corp., Saft Groupe SA, CALB, ATL, VARTA Storage, BK Battery, Boston-Power, Farasis Energy.
A lithium-ion or Li-ion battery (abbreviated as LIB) is a category of rechargeable battery. In these batteries, lithium ions move from anode to the cathode during discharge & back when charging. Li-ion batteries use an interpolated lithium compound as an electrode material. Some essential features are included high discharge power, high energy density and low impact of time.
Based on type, global lithium ion battery market is segmented into lithium nickel manganese cobalt (Li-NMC), lithium cobalt oxide (LCO), lithium iron phosphate (LFP), lithium titanate oxide (LTO), lithium nickel cobalt aluminum oxide(NCA) and lithium manganese oxide (LMO).Based on product type, market is segmented into cylindrical lithium ion battery, prismatic lithium ion battery and others. Based on component, market is segmented into anode (negative electrode), cathode (positive electrode), electrolytic solution and others(binders, foils, and separators). Based on power capacity, market is segmented into 0-3000mAh, 3000-10000mAh, 10000-60000mAh and more than 60000mAh.Based on shape, market is segmented into flat or pouch, large cylindrical (solid body with large threaded terminals) and small cylindrical (solid body without terminals). In addition, based on end-use industry, market is segmented into automotive (scooters & bikes, cars, buses or trucks and trains & aircrafts), electrical & electronics (UPS and smart-phones or tablet/PC), industrial (mining equipment, cranes & forklift and smart grid & renewable energy storage) and others.
The lithium ion battery market is driven by increase in demand for electrical or hybrid electric vehicles/plug-in hybrid vehicles (EV/HEV/PHV), followed by rise in demand for tablets, smart phones, and other electronic devices, strict government regulations to control increase in pollution and rise in need for automation & battery-operated material-handling equipment. However, high price of lithium-ion batteries and safety issues related to storage & transportation of spent batteries may impact the market. Moreover, a higher energy efficiency requirement in technologically updated customer gadgets is a key opportunity for market.
Based on geography, the Asian-Pacific region holds major share in lithium ion battery market owing to increase in focus of government towards reducing greenhouse gas emission, rising technological enhancements, increase in number of manufacturers and rise in number of power outages in the region. North-American and European regions are expected to witness higher growth rate due to increase in use in the production of electric & hybrid vehicles over the forecast period. It is anticipated that the market will be reached at fast pace on account of increase in penetration into large applications and rise in demand for high power & high capacity cells over the forecast period.
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications