Semiconductors and Electronics

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Global Lithium Ion Battery Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global lithium ion battery market, By Chemistry (LFP, LCO, LTO, NMC, NCA, LMO), Component (Cathode, Anode, Separators, Electrolytes, Aluminum Foil, Copper Foil, Others), Application (Industrial, Automotive, Consumer Electronics, Energy Storage) – Industry Trends and Forecast to 2030.

Lithium Ion Battery Market

Lithium Ion Battery Market Analysis and Size

Lithium-ion batteries are a type of rechargeable battery that use lithium ions to store and release electrical energy. They have become the most widely used rechargeable battery technology in various applications due to their high energy density, lightweight nature, and longer lifespan compared to other battery types.                   

Data Bridge Market Research analyses that the Lithium ion battery market which was USD 54.32 billion in 2022, would rocket up to USD 183 billion by 2030, and is expected to undergo a CAGR of 18% during the forecast period. LFP is dominating because LFP batteries are known for their excellent safety profile, long cycle life, and thermal stability. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Lithium Ion Battery Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Chemistry (LFP, LCO, LTO, NMC, NCA, LMO), Component (Cathode, Anode, Separators, Electrolytes, Aluminum Foil, Copper Foil, Others), Application (Industrial, Automotive, Consumer Electronics, Energy Storage)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

BYD Co., Ltd.(China), A123 Systems LLC (U.S.), Hitachi, Ltd. (Japan), Johnson Controls (U.S.), LG Chem (South Korea), Panasonic Corp. (Japan), Saft (France), Samsung SDI Co., Ltd. (South Korea), Toshiba Corp. (Japan), GS Yuasa International Ltd. (Japan)

Market Opportunities

  • Growing demand for Electric Vehicles (EVs)
  • Increasing demand for renewable Energy Integration
  • Rising research and development opportunities

Market Definition

The lithium-ion battery market refers to the global industry involved in the production, distribution, and sale of lithium-ion batteries. A lithium-ion battery is a type of rechargeable battery that utilizes lithium ions as the primary charge carriers. These batteries are widely used in various applications, including portable electronics, electric vehicles (EVs), energy storage systems, and renewable energy integration. The market encompasses all the activities related to lithium-ion battery manufacturing, research and development, raw material sourcing, component production, assembly, distribution, and sales. It includes a wide range of stakeholders such as battery manufacturers, suppliers of raw materials and components, battery pack assemblers, battery management system providers, and end-users.

Lithium Ion Battery Market

Drivers

  • Consumer Electronics and Portable Devices

Lithium-ion batteries are widely used in consumer electronics, including smartphone, laptops, tablets, and wearable device. The demand for these devices continues to rise, driving the need for compact, high-performance batteries with longer lifespans.

  • Energy Storage Systems (ESS)

Large-scale energy storage systems are being deployed to support renewable energy integration, grid stabilization, and load balancing. Lithium-ion batteries are a preferred choice due to their high energy density, longer cycle life, and fast response times.

  • Increasing Focus on Energy Efficiency

The drive for energy efficiency across industries has led to the adoption of energy storage solutions to reduce energy consumption and optimize power usage. Lithium-ion batteries are a key component in energy management systems, enabling efficient energy storage and utilization.

Opportunity

  • Government’s policies and regulations

Governments around the world are implementing policies and regulations to promote the adoption of electric vehicles, renewable energy, and energy storage systems. These initiatives provide incentives, subsidies, and tax benefits, which further stimulate the demand for lithium-ion batteries. Ongoing research and development efforts in battery technology are leading to continuous improvements in lithium-ion batteries. Advancements include increased energy density, longer cycle life, faster charging capabilities, and enhanced safety features. These advancements are driving market growth by expanding the range of applications for lithium-ion batteries.

Restraint/Challenge

  • Lack of safety

Safety is a critical factor for lithium-ion batteries. In rare cases, lithium-ion batteries can experience thermal runaway or overheating, leading to fires or explosions. Ensuring battery safety and addressing concerns related to overheating, short circuits, and thermal management remains a challenge for the industry.

The supply chain for lithium-ion batteries relies on the availability of key raw materials such as lithium, cobalt, nickel, and graphite. Fluctuating prices, geopolitical issues, and limited availability of these materials can lead to supply chain constraints, affecting the production and cost of lithium-ion batteries.

Recent Developments

  • In March 2023, Samsung SDI is participating in InterBattery 2023 to showcase its differentiating battery technology, including all solid-state batteries and high-efficiency fast-charging, as well as exhibiting BMW i7 and Volvo FM Electric vehicles. The company aims to highlight its technological edge and commitment to a sustainable future in the battery industry. The booth will feature various battery applications and highlight Samsung SDI's solid-state battery pilot line under development
  • In According to the Ministry of Road Transport and Highways (India), India had over 1.8 million electric vehicles as of December 2022. More than half of India's EVs were three-wheelers, numbered in the thousands. The electric vehicle market in India is quickly evolving, and it is predicted that by 2035, the car market will be entirely electric

Global Lithium Ion Battery Market Scope

The Lithium ion battery market is segmented on the basis of  chemistry, component and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Chemistry

  • LFP
  • LCO
  • LTO
  • NMC
  • NCA
  • LMO

 Component

  • Cathode
  • Anode
  • Separators
  • Electrolytes
  • Aluminum Foil
  • Copper Foil
  • Others

Application

  • Industrial
  • Automotive
  • Consumer Electronics
  • Energy Storage

Lithium ion battery market Regional Analysis/Insights

The Lithium ion battery market is analysed and market size insights and trends are provided by country, chemistry, component and application as referenced above.

The countries covered in the Lithium ion battery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the Lithium ion battery market because of its advanced technological infrastructure and high adoption of smart city initiatives, strong presence of major players in the market and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to of rapid urbanization, increasing infrastructure development, and the adoption of advanced technologies in countries like China, Japan, and India. Additionally, the region's expanding automotive and consumer electronics industries contribute to the growing demand for Lithium ion battery solutions. Furthermore, favourable government initiatives and investments in smart city projects further drive the market growth in the Asia-Pacific region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Lithium ion battery Infrastructure growth Installed base and New Technology Penetration

The Lithium ion battery market also provides you with detailed market analysis for every country growth in technology expenditure for capital equipment, installed base of different kind of products for Lithium ion battery market, impact of technology using life line curves and changes in Lithium ion battery regulatory scenarios and their impact on the Lithium ion battery market. The data is available for historic period 2010-2020.

Competitive Landscape and Lithium ion battery market Share Analysis

The lithium ion battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the Lithium ion battery market are:

  • BYD Co., Ltd.(China)
  • A123 Systems LLC (U.S.)
  • Hitachi, Ltd. (Japan)
  • Johnson Controls (U.S.)
  • LG Chem (South Korea),
  • Panasonic Corp. (Japan)
  • Saft (France)
  • Samsung SDI Co., Ltd. (South Korea)
  • Toshiba Corp. (Japan)
  • GS Yuasa International Ltd. (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The lithium ion battery market size will be worth USD 183 billion by 2030.
The growth rate of the lithium ion battery market is 18% in the forecast period by 2030.
Consumer Electronics and Portable Devices, Large-scale energy storage systems are being deployed to support renewable energy integration and an Increasing Focus on Energy Efficiency are the growth drivers of the lithium ion battery market.
The chemistry, component, and application are the factors on which the lithium ion battery market research is based.
The Samsung SDI is participating in InterBattery 2023 to showcase its differentiating battery technology, including all solid-state batteries and high-efficiency fast-charging, as well as exhibiting BMW i7 and Volvo FM Electric vehicles According to the Ministry of Road Transport and Highways (India), India had over 1.8 million electric vehicles as of December 2022. More than half of India's EVs were three-wheelers, numbered in the thousands are the latest developments in the lithium ion battery market.
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