Global Lithium Ion Battery Market is expected to grow with the CAGR of 15.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global lithium ion battery market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global lithium ion battery market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in March 2018, SAMSUNG SDI CO.,LTD. had launched a new product called ESS Battery at the event in Europe. This ESS is made of 111Ah cell which is used to increase the energy storage of the battery while the size of the battery remains smaller.
LG Chem is the dominating player in global lithium ion battery market. The other key players existing in the lithium ion battery market includes Saft (a subsidiary of Total), SAMSUNG SDI CO.,LTD., Lithium Energy Japan (a subsidiary of GS Yuasa International Ltd.), Tianjin Lishen Battery Co., Ltd., Shenzhen A&S Power Technology Co., Ltd., LITHIUMWERKS, GlobTek, Inc., BYD Company Ltd, Panasonic Corporation, VARTA Microbattery GmbH (a subsidiary of VARTA AG), Dalian CBAK Power Battery Co., Ltd, TOSHIBA CORPORATION, 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 among others.
LG CHEM is headquartered in Seoul, South Korea and was established in 1947. The leading chemical company has its product ranging from top-notch batteries to durable cosmetic product lids of unprecedented quality. The company operates in various business segments such as petrochemicals, energy solutions and advanced materials out of which energy solutions is the market focused segment. The company offers various products under categories such as petrochemicals, advanced materials, life sciences and energy solutions among which energy solutions is the market focused category.
The company has wide global presence across Americas, Europe, Asia and Oceania with its various subsidiaries such as LG Chemical America, Inc. (U.S.), LG Chem China Investment Co., Ltd. (China), LG Chem Japan Co., Ltd. (Japan), LG India Holdings Inc (India), LG Polymers India Pvt Ltd. (India) among others.
SAMSUNG SDI CO.,LTD.:
SAMSUNG SDI CO.,LTD. is headquartered in Yongin, South Korea and was founded in 1970. The company is engaged in manufacturing of rechargeable batteries for energy storage systems (ESS), automobiles and IT industry. The company offers various products under categories such as small-sized li-ion battery, automotive battery, ESS and electronic materials among which small-sized li-ion battery and automotive battery are the market focused categories.
The company has wide global presence across North America, Asia and Europe and generates revenue from subsidiaries such as Novaled GmbH (Germany), Samsung Chemical (Thailand) CO., Ltd. (Thailand), Samsung SDI America, Inc. (U.S.), Samsung SDI Germany GmbH (Germany), Samsung SDI (Malaysia) Sdn. Bhd. among others
Contemporary Amperex Technology Co., Limited:
Contemporary Amperex Technology Co., Limited is headquartered in Fujian, China and was established in 2011. The company is engaged in the manufacturing and research and development of full industry chains for energy storage battery field. The company offers various products and applications under categories such as green vehicle and energy storage out of which energy storage is the market focused category.
The company has presence across the globe in North America, Asia and Europe. In addition, it also generates revenue from its subsidiaries such as Contemporary Amperex Technology Canada Limited (Canada), Contemporary Amperex Technology GmbH (Germany), Contemporary Amperex Technology (Hong Kong) Limited among others.
Global Lithium Ion Battery Market – Industry Trends and Forecast to 2027
Asia-Pacific Lithium Ion Battery Market – Industry Trends and Forecast to 2027
Europe Lithium Ion Battery Market – Industry Trends and Forecast to 2027
Middle East and Africa Lithium Ion Battery Market – Industry Trends and Forecast to 2027
North America Lithium Ion Battery Market – Industry Trends and Forecast to 2027