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)
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.
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.
Insights are provided for each region and major countries within the regions
Report Feature |
Descriptions |
---|---|
Growth Rate |
CAGR of 11.3% during the forecasting period, 2022-2028 |
Historical Data |
2019-2020 |
Forecast Years |
2022-2028 |
Base Year |
2021 |
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. |
Lithium-Ion Battery Marketis segmented into type, capacity, voltage, industry and region.