Lithium-Ion Battery Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Lithium-Ion Battery Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
The lithium-ion battery market is forecasted to value over USD 93 Billion by 2026
end and register a CAGR of over 36% from 2019 to 2026.
Lithium-ion (Li-ion) are high-energy density rechargeable batteries. They are of light
weight and are of small size and are vastly used in portable equipment.
On basis of type, the market is segmented into Lithium Nickel Manganese Cobalt (LINMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate
Oxide (LTO), Lithium Nickel Cobalt Aluminium Oxide (NCA), and Lithium Manganese
Oxide (LMO). LI-NMC is expected to stimulate the growth of the market in the
coming years. LI-NMC offer good stability and has good discharge and charge cycle.
Their energy density is high because of the utilization of a high ratio of cobalt and
nickel-manganese.
It's vastly used in laptops, electrical storage systems, tablets, mobile phones and
automotive. LI-NMC are expected to replace LCO and NCA and because of its
lightweight, it's expected to be in excess demand of consumer electronics and
automotive industries.
Based on the power capacity, the market is segmented into 0 to 3000 mAh, 3000
mAh to 10,000 mAh, and 10000 mAh to 60000 mAh. 3000 mAH to 10,000 mAH
power capacity Li-ion batteries are expected to drive the growth of the market in the
coming years. The rapid increase in consumer electronics alongside the rise in
electric vehicles is expected to complement the growth of the market.
The industry segment of the lithium-ion battery market is divided into consumer
electronics, automotive, medical, marine, commercial aircraft, aerospace, and
defense. Advancements in the automotive industry in the form of electric vehicles
alongside increasing demand for smartphones in consumer electronics are fuelling
the growth of the market. Consumer electronics is expected to dominate the market
in the forecast period. Government policies are complementing the demand for Liion battery and driving the growth of the market as well. Since they are lightweight
and efficient, it’s vastly used in medical and defense industries as well.
Government’s favorable incentives like net metering have resulted in more
deployment of rooftop solar PV systems which has fueled the growth of the market.
Huge investment in Li-ion batteries is reducing the cost and developments in the
form of better designing is stimulating the growth of the market.
In terms of region, North America controls a vast share of the market. The expansion
of the automotive industry is the key reason behind the growth of the market in the
region. Asia-Pacific region is expected to dominate the market in the coming years.
Emerging economies like India and China are witnessing surge increase in the
consumer electronics and automotive industry. China is witnessing a rapid increase
in demand for electric vehicles. It’s a global automotive manufacturing hub and is
witnessed to see immense growth of the market in the coming years.
Some of the established players of the market are Lithium Werks, Sila
Nanotechnologies, VARTA Storage, Toshiba, BAK Group, Panasonic, Hitachi, Saft
Group, and Samsung.
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Lithium-Ion Battery Market Segmentation:
By Type
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NCA
LMO
LTO
Li-NMC
LFP
By Power Capacity
 0-3000 mAh
 3000-10000 mAh
 10000-60000 mAh
By Industry
 Automotive
 Consumer
 Electronics
 Industrial
 Medical
By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on lithium-ion battery market based on
the type, power capacity, end users and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
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The lithium-ion battery market is forecasted to value over USD 93 Billion by 2026 end and register a CAGR of over 36% from 2019 to 2026. Lithium-ion (Li-ion) are high-energy density rechargeable batteries. They are of light weight and are of small size and are vastly used in portable equipment.