Lithium-Ion Battery Market – Trends Forecast Till 2028

Lithium-Ion Battery Market with COVID-19 Impact Analysis, by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Power, Industrial), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-SE-LIBM-1123


Number of Pages: 333

Domain: Semiconductors & Electronics

Lithium-Ion Battery Market– Trends Forecast Till 2028

The Lithium-Ion Battery Market size is projected to reach a CAGR of 11.3% from 2022 to 2028.

Lithium-ion batteries provide electrical power for everything, from smartphones to power tools, and electric vehicles to aerospace components. Lithium-ion batteries (LIB) are a family of batteries having high energy density, and unlike disposable lithium primary batteries, they use intercalated lithium compound instead of metallic lithium as the electrode.

Surging requirement for continuous power supply from critical infrastructures, increasing demand for plug-in vehicles, growing need for battery-operated material-handling equipment in industries due to automation, continued development of smart devices, and growing adoption of lithium-ion batteries in renewable energy sector are some of the factors that have supported long-term expansion for Lithium Cobalt Batteries Market.

The lithium-ion battery market was moderately impacted by the COVID-19 pandemic. In the prevailing COVID-19 situation, the expected growth of the market is expected to decline as the pandemic is restricting the supply of batteries and other components due to severe disruptions in businesses and the global economy.

Lithium-Ion Battery Market Research Report

Asia-Pacific is likely to witness the highest growth in the market during the forecast, China and Japan are the world’s second-and third-largest markets, respectively, for electric vehicles. Continuous developments in the consumer electronics and automotive verticals have led to an increase in the application of lithium-ion batteries as they offer various advantages, such as high-power capacity, increased safety, and reduced pollution.

Lithium-Ion Battery Marketis segmented into type, capacity, voltage, industry and region.

On the basis of Type

  • Lithium Nickel Manganese Cobalt (LI-NMC)
  • Lithium Iron Phosphate (LFP)
  • Lithium Cobalt Oxide (LCO)
  • Lithium Titanate Oxide (LTO)
  • Lithium Manganese Oxide (LMO)
  • Lithium Nickel Cobalt Aluminum Oxide (NCA)

On the basis of Capacity

  • 0–3,000 mAh
  • 3,000–10,000 mAh
  • 10,000–60,000 mAh
  • 60,000 mAh and Above

On the basis of Industry

  • Low (Below 12V)
  • Medium (12V – 36V)
  • High (Above 36V)

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Lithium-Ion Battery Market Primary Respondent


Key Players

  • Panasonic Corporation
  • BYD Company Ltd
  • LG Chem
  • CATL
  • BAK Group
  • ASPILSAN Energy
  • Ultralife Corporation
  • Triathlon Batteries Solutions, Inc.
  • Nexeon Limited
  • Future Hi-Tech Batteries
  • TWS
  • Kokam

Recent Developments

  • In May 2021, CATL and Daimler Truck AG announced the intensification of their existing partnership based on their shared vision of CO2-neutral electrified trucking. CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024.
  • In December 2020, GS Yuasa Corporation announced the launch of its LIM30HL series of industrial lithium-ion battery modules. The battery modules in the LIM30HL series, while retaining the same dimensions as those of the existing LIM25H series, are upwardly compatible and feature a higher rated capacity and lower internal resistance.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Lithium-Ion Battery Marketso as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Growth Rate

CAGR of 11.3% during the forecasting period, 2022-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

type, capacity, voltage, industry and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

SAMSUNG SDI CO.LTD., Panasonic Corporation, BYD Company Ltd, LG Chem, CATL, BAK Group, ASPILSAN Energy, Ultralife Corporation, Triathlon Batteries Solutions, Inc., Nexeon Limited, Future Hi-Tech Batteries,TWS and Kokam.

Available Customization

In addition to the market data for Lithium Cobalt Batteries Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Choose License Type
Global: 50+ Countries

Note: Report data and information will be by Country.

Regional Report

Note: Report data and information will be by Country.

Country Specific Report

Bundle Reports

50% Discount on all additional reports  

Special Pricing

Avail customised purchase options to meet your specific research requirements.

Custom Tailored Services

Delvens. offers transformed research reports where syndicated reports are not sufficient to provide solutions to your business.

Subscription Model

Get latest and trending updates throughout the year on the reports you buy.