Global Lithium Ion Battery Market is Expected to Grow at 15.8% in the Forecast Period of 2020 to 2027

The lithium ion battery industry will relinquish an approximated estimate at a frequency of 15.8% for the projection space of 2020 to 2027 with factor such as increasing growth of gaming industry.

Lithium ion battery market has shown an exceptional penetration in countries such as China, U.S. and Germany. High internet penetration is boosting the growth in developed countries. In developing countries, the increasing number of professional gamers and gaming enthusiasts is creating opportunity for the global lithium ion battery market.

Lithium Ion Battery Market Scenario

According to Data Bridge Market Research, the market for lithium ion battery in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is LG Chem which accounts an estimated market share of approximately 15% to 20% in the Asia-Pacific region. The company has gained outstanding sales through their lithium ion battery products which include cell, module and pack.

  • In December 2019, LG Chem partnered with General Motors to produce electric vehicle batteries. Investment of about USD 2.30 billion helped in the starting of a new factory in Lordstown, Ohio for electric vehicle batteries manufacturing in mass volume. The new joint venture anticipated making of 30GWh worth of lithium-ion battery cells annually. The new venture helped the company in increasing the global presence.

Lithium Ion Battery MarketTrends Impacting the Lithium Ion Battery Market

Now the question is which other regions LG Chem, SAMSUNG SDI CO.,LTD. and Contemporary Amperex Technology Co., Limited are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific lithium ion battery market and the market leaders targeting China, Japan and South Korea to be their next revenue pockets for 2020.

The lithium ion battery market is becoming more competitive every year with companies such LG Chem, SAMSUNG SDI CO.,LTD and Contemporary Amperex Technology Co., Limited as they are the market leaders for lithium ion battery market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the lithium ion battery market.

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Lithium Ion Battery Market Development

  • In December 2019, XALT Energy launched XALT Battery Viewer (XBV) as a telematics system. The system is for battery-electric powertrains and can be used as a companion tool for the heavy-duty lithium-ion batteries. The new product increased the offerings of the company.

Scope of the Lithium Ion Battery Market

Global lithium ion battery market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and rest of Middle East and Africa.

  • All country based analysis of lithium ion battery market is further analyzed based on further segmentation. On the basis of type, the lithium ion battery market is segmented into lithium cobalt oxide (LCO), lithium manganese oxide (LMO), lithium nickel manganese cobalt oxide (LI-NMC), lithium iron phosphate (LFP), lithium nickel cobalt aluminum oxide (NCA) and lithium titanate oxide (LTO). On the basis of component, the lithium ion battery market is segmented into anode, cathode, separator and electrolytic. On the basis of power capacity, the lithium ion battery market is segmented into below 3000 mAh, 3000 mAh to 10000 mAh, 10000 mAh to 60000 mAh and above 60000 mAh. On the basis of product, the lithium ion battery market is segmented into cell, module, pack and energy storage system (ESS). On the basis of vertical, the lithium ion battery market is segmented into automotive, consumer electronics, aerospace and defense, industrial, construction, power, telecom, marine and others.

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Key Pointers Covered in Lithium Ion Battery Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Saft (a subsidiary of Total)
  • Lithium Energy Japan (a subsidiary of GS Yuasa International Ltd.)
  • Tianjin Lishen Battery Co., Ltd.
  • Shenzhen A&S Power Technology Co., Ltd.
  • GlobTek, Inc.
  • BYD Company Ltd
  • Panasonic Corporation
  • LG Chem
  • VARTA Microbattery GmbH (a subsidiary of VARTA AG)
  • Dalian CBAK Power Battery Co., Ltd
  • CALB USA Inc.
  • Shenzhen BAK Technology Co., Ltd.
  • Contemporary Amperex Technology Co., Limited
  • A123 Systems LLC
  • Amperex Technology Limited (a subsidiary of TDK Corporation)
  • XALT Energy
  • Leclanche

Above are the key players covered in the report, to know about more and exhaustive list of lithium ion battery companies’, contact us:

Research Methodology: Global Lithium Ion Battery Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Managers, Financial Institutions, Lithium Ion Battery Consultants
  • Supply Side: Service Providers, Product Managers, Product Designer, Marketing Managers, C-Level Executives, Market Intelligence and Regulatory Affairs Managers among others.

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