Key Takeaways from the Latest Study On the Global “Li-ion Battery” Market
The global market for Li-ion Battery is projected to reach US$91.8 billion by 2025 driven by their use in a wide range of energy storage applications. Among the applications, standing out as a major driver of growth is electric vehicles (EVs).
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Li-ion Battery market. Report segmentation includes Chemistry [Lithium Nickel Manganese Cobalt (NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Nickel Cobalt Aluminum Oxide (NCA), and Other Chemistries]; and End-Use (Consumer Electronics, Automotive, Aerospace & Defense, Marine, Healthcare, Other End-Uses) ).
10 June 9:05 A.M., California/Marketwire/ - According to the new market research report, the global market for Li-ion Battery is projected to reach US$91.8 billion by 2025 driven by their use in a wide range of energy storage applications. Among the applications, standing out as a major driver of growth is electric vehicles (EVs). Li-ion battery technology has a number of important and distinct advantages over competing technologies such as high energy density; lower rate of self-discharge as compared to Ni-Cad and NiMH; maintenance free unlike Ni-Cad cells which need to be periodically discharged to ensure elimination of memory effect; lightweight when compared to other battery types; higher temperature tolerance; fast and safe charging; longer life and durability; higher cycle life over 4000 to 5000 cycles; overthrows issues such as "Peukert's losses" and "voltage sag" typically seen in lead acid batteries, among others. High energy density is an important benefit for mobile electronic applications such as smartphones, tablets and PDAs, since it means ability to operate the device operate longer between charges. All of these benefits help ensure the technology's use ranging from powering small electronics to large equipment, and vehicles such as electric cars.
In the field of EVs, li-ion batteries are poised to dominate as it represents the best performing technology available to date. with the highest coulombic efficiency (CE) ratings in rechargeable batteries at more than 99%; lowest rate of self-discharge; highest multiple number of recharge cycles; lightweight when compared to other battery technologies; and longer life & longevity, this technology is versatile enough to meet current engineering needs of EV designers. The race to develop newer and better batteries is still ongoing and with other technology contenders still far behind, its li-ion's day in the sun as the technology comes of age and nears its full potential until disrupted by other competing alternatives. As numerous new li-ion battery plants mushroom and as new innovative start-ups push the boundaries of li-ion efficiency, prices will continue to drop while performance will continue to improve, opening up new markets and strengthening demand in existing markets.
Key Competitors Covered in the Report
A123 Systems LLC
Automotive Energy Supply Corporation (AESC)
Blue Energy Canada, Inc.
BYD Co., Ltd.
CNEBIKES Co., Ltd.
Coslight India Telecom Pvt. Ltd.
GS Yuasa Corporation
Highpower International, Inc.
Hitachi Chemical Co., Ltd.
HYB Battery Co., Ltd.
Johnson Controls, Inc.
Kokam Co., Ltd.
Li-Tec Battery GmbH
MINAMOTO Battery (HK) Ltd.
Samsung SDI Co., Ltd
SK Innovation Co., Ltd.
Sunwoda Electronic Co., Ltd.
Tianjin Lishen Battery Joint-Stock Co., Ltd.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 6171. Among this pool, 987 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 183 unique participations, a total of 82 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.