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Lithium-ion Battery Market Size, Share & Trends Analysis Report by Product (LCO, LFP, NCA, LMO, LTO, NMC), by Application (Consumer Electronics, Energy Storage Systems, Industrial), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 150 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 4396452
The global lithium-ion battery market size is expected to reach USD 182.53 billion by 2030. It is expected to expand at a CAGR of 18.1% from 2022 to 2030. The market is expected to witness significant growth over the forecast period on account of the increasing consumption of rechargeable batteries in consumer electronics and a rise in the adoption of electric vehicles. The rising sales of electric vehicles, along with the expanding renewable energy sector, are expected to drive the market. The emergence of integrated charging stations, green power-generation capability, eMobility providers, battery manufacturers, and energy suppliers is anticipated to stimulate market growth in the coming years.



Increasing sales of electric vehicles in the U.S. owing to supportive federal policies, coupled with the presence of market players in the country, are expected to drive the demand for lithium-ion batteries in the U.S. over the forecast period. Favorable government policies for infrastructural developments at the domestic level through the National Infrastructural Plan (NIP) of the U.S. are expected to promote the growth of the market in the U.S. over the forecast period. Development of the automotive industry in Indonesia, Vietnam, Mexico, Thailand, and India is expected to drive the industry. The growing inclination toward pollution-free HEVs and EVs, along with technological developments, is expected to drive the lithium-ion battery demand over the forecast period. China is expected to witness high gains in light of energy storage technologies and favorable government support to promote investments in the manufacturing sector.

The growing number of portable consumer electronics that rely on batteries has led to the increased consumption of rechargeable batteries. Portable devices including smartphones, digital cameras, MP3 players, and laptops require rechargeable batteries to provide efficient and effective power. Battery technology is evolving continuously to meet the high performance and power density requirements of devices. High demand for LCO batteries in mobile phones, tablets, laptops, and cameras on account of their high energy density and high safety level is expected to augment the market growth over the forecast period. However, the relatively short life span of LCO batteries, coupled with low thermal stability and limited load capabilities (specific power), is likely to act as a market restraint.

Electric and hybrid electric vehicles are projected to be the key consumers of lithium-ion batteries in the coming years. Growing awareness among the masses regarding the benefits offered by battery-operated vehicles and increasing fossil fuel prices, particularly in Asia Pacific, Europe, and North America, are projected to contribute to the growth of the automotive application segment over the forecast period. COVID-19 has been a major restraint to the market owing to several factors including reducing operational costs by end-users, coupled with disruption in the availability of spare parts due to sluggish manufacturing activities and logistics issues.

Lithium-ion Battery Market Report Highlights

  • In 2021, the consumer electronics application segment held the largest revenue share of over 40.0%. Portable batteries are incorporated in portable devices and consumer electronic products. The applications of portable batteries include mobile phones, laptops, computers, tablets, and other wearable devices.
  • In 2021, the LCO product segment accounted for the largest revenue share of over 30.0%. High demand for LCO batteries in mobile phones, tablets, laptops, and cameras on account of their high energy density and high safety level is expected to augment the market growth over the forecast period.
  • The U.S. emerged as the largest market in North America in 2021. Increasing electric vehicle sales in the country owing to supportive federal policies, coupled with the presence of several players in the U.S. market, are expected to drive the demand for lithium-ion batteries.
  • In CSA, lithium-ion batteries are frequently used battery types for Electrical Energy Storage (EES) owing to applications including stand-alone systems with PV, emergency power supply systems, and battery systems for the mitigation of output fluctuations from wind and solar power.
  • In Brazil, the government is taking various initiatives to support the electric vehicle market by exempting annual car ownership tax and import tax on electric vehicles. This is expected to fuel the demand for lithium-ion batteries over the coming years.

Table of Contents

Chapter 1 Methodology & Scope
1.1 Lithium-Ion Battery Market Segmentation
1.2 Lithium-Ion Battery Market Definitions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.3.6 List of Key Leaders by Designation
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
Chapter 2 Executive Summary
Chapter 3 Lithium-ion Battery Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Battery Industry Outlook
3.2 Market Size and Growth Prospects
3.3 Penetration & Growth Prospect Mapping
3.4 Industry Value Chain Analysis
3.4.1 Back Integration Scope for Manufacturers
3.5 Key Raw Material Analysis
3.5.1 Seasonality Information for Raw Materials
3.5.1.1 Lithium
3.5.1.2 Nickel and High Nickel Alloys
3.5.1.3 Graphite
3.5.1.4 Conductive Additive (Carbon Black)
3.6 List of Patents
3.7 Technology Outlook
3.7.1 Lithium-ion Battery Technologies, by Product (Chemistry) Types
3.7.2 List of Technology Licensors
3.7.3 Economical Comparison of Lithium Ion Battery Manufacturing Technologies (by Product Chemistry)
3.8 Comparative Analysis by Country (Ease of doing business)
3.9 Regulatory Framework
3.9.1 Government Regulations and Policy Framework by Key Countries
3.9.1.1 Policies on EV
3.9.2 Approvals required
3.9.2.1 For Manufacturing
3.9.3 For Distribution
3.9.4 For End Use
3.10 Ideal Location for Manufacturing of Lithium-ion Battery in India
3.10.1 Availability of Raw Materials
3.11 Cost Analysis by Product (Chemistry) Types
3.11.1 Pricing Analysis by Grade, Product (Chemistry), and End Use
3.12 Market Dynamics
3.12.1 Market Driver Analysis
3.12.1.1 Rising Adoption Of Electric Vehicles
3.12.1.2 Growing Consumption Of Rechargeable Batteries In Consumer Electronics
3.12.1.3 Increasing Government Funding In Grid Installations
3.12.2 Market Restraint Analysis
3.12.2.1 Rising Demand For Substitutes
3.12.3 Industry Challenges
3.12.4 Opportunity Analysis
3.13 Business Environment Analysis: Lithium-ion Battery Market
3.13.1 Industry Analysis - Porter’s
3.13.2 PESTEL Analysis
3.14 Impact of COVID-19 on the Lithium-ion Battery Market
Chapter 4 Lithium-ion Battery Market: Product Estimates & Trend Analysis
4.1 Lithium-ion Battery market share by Product, 2021 & 2030
4.1.1 Lithium Cobalt Oxide (LCO)
4.1.1.1 Lithium-ion Battery estimates and forecasts, by Lithium Cobalt Oxide (LCO), 2019-2030(GWh) (USD Billion)
4.1.2 Lithium Iron Phosphate (LFP)
4.1.2.1 Lithium-ion Battery estimates and forecasts, by Lithium Iron Phosphate (LFP), 2019-2030(GWh) (USD Billion)
4.1.3 Lithium Nickel Cobalt Aluminum Oxide (NCA)
4.1.3.1 Lithium-ion Battery estimates and forecasts, by Lithium Nickel Cobalt Aluminum Oxide (NCA), 2019-2030(GWh) (USD Billion)
4.1.4 Lithium Manganese Oxide (LMO)
4.1.4.1 Lithium-ion Battery estimates and forecasts, by Lithium Manganese Oxide (LMO) Product 2019-2030(GWh) (USD Billion)
4.1.5 Lithium Titanate (LTO)
4.1.5.1 Lithium-ion Battery estimates and forecasts, by Lithium Titanate (LTO), 2019-2030(GWh) (USD Billion)
4.1.6 Lithium Nickel Manganese Cobalt (NMC)
4.1.6.1 Lithium-ion Battery estimates and forecasts, by Lithium Nickel Manganese Cobalt (NMC), 2019-2030(GWh) (USD Billion)
Chapter 5 Lithium-ion Battery Market: Application Estimates & Trend Analysis
5.1 Lithium-ion Battery market share, by Application, 2021 & 2030
5.1.1 Automobile
5.1.1.1 Lithium-ion Battery estimates and forecasts, by Automobile Application, 2019-2030(GWh) (USD Billion)
5.1.2 Consumer Electronics
5.1.2.1 Lithium-ion Battery estimates and forecasts, by Consumer Electronics Application, 2019-2030(GWh) (USD Billion)
5.1.3 Energy Storage
5.1.3.1 Lithium-ion Battery estimates and forecasts, by Energy Storage Application, 2019-2030(GWh) (USD Billion)
5.1.4 Industrial
5.1.4.1 Lithium-ion Battery estimates and forecasts, by Industrial Application, 2019-2030(GWh) (USD Billion)
5.1.5 Medical Devices
5.1.5.1 Lithium-ion Battery estimates and forecasts, by Medical Devices Application, 2019-2030(GWh) (USD Billion)
Chapter 6 Lithium-ion Battery Market: Regional Estimates & Trend Analysis
6.1 Regional Movement Analysis & Market Share, 2021 & 2030
6.2 North America
6.3 North America Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.4 North America Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.4.1 U.S.
6.4.1.1 U.S. Lithium-ion Battery Market Estimates and Forecasts, by Product, 2019-2030 (USD Billion) (GWh)
6.4.1.2 U.S. Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.4.1.1 Northeast
6.4.1.1.1 Northeast Lithium-ion Battery Market Estimates and Forecasts, by Product, 2019-2030 (USD Billion) (GWh)
6.4.1.1.2 Northeast Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.4.1.2 Midwest
6.4.1.2.1 Midwest Lithium-ion Battery Market Estimates and Forecasts, by Product, 2019-2030 (USD Billion) (GWh)
6.4.1.2.2 Midwest Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.4.1.3 South
6.4.1.3.1 South Lithium-ion Battery Market Estimates and Forecasts, by Product, 2019-2030 (USD Billion) (GWh)
6.4.1.3.2 South Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.4.1.4 West
6.4.1.4.1 West Lithium-ion Battery Market Estimates and Forecasts, by Product, 2019-2030 (USD Billion) (GWh)
6.4.1.4.2 West Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.4.2 Canada
6.4.2.1 Canada Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.4.2.2 Canada Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.4.3 Mexico
6.4.3.1 Mexico Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.4.3.2 Mexico Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.5 Europe
6.5.1 Europe Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.5.2 Europe Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.5.3 Germany
6.5.3.1 Germany Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.5.3.2 Germany Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.5.4 U.K.
6.5.4.1 U.K. Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.5.4.2 U.K. Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.5.5 France
6.5.5.1 France Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.5.5.2 France Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.5.6 Russia
6.5.6.1 Russia Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.5.6.2 Russia Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.5.7 Spain
6.5.7.1 Spain Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.5.7.2 Spain Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.5.8 Italy
6.5.8.1 Italy Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.5.8.2 Italy Lithium-ion Battery market estimates and forecasts by Application, 2019-2030 (USD Billion) (GWh)
6.6 Asia Pacific
6.6.1 Asia Pacific Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.6.2 Asia Pacific Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.6.3 China
6.6.3.1 China Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.6.3.2 China Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.6.4 Japan
6.6.4.1 Japan Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.6.4.2 Japan Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.6.5 South Korea
6.6.5.1 South Korea Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.6.5.2 South Korea Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.6.6 India
6.6.6.1 India Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.6.6.2 India Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.6.7 Australia
6.6.7.1 Australia Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.6.7.2 Australia Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.7 Central & South America
6.7.1 Central & South America Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.7.2 Central & South America Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.7.3 Brazil
6.7.3.1 Brazil Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.7.3.2 Brazil Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.7.4 Colombia
6.7.4.1 Colombia Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.7.4.2 Colombia Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.7.5 Paraguay
6.7.5.1 Paraguay Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.7.5.2 Paraguay Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.8 Middle East & Africa
6.8.1 Middle East & Africa Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.8.2 Middle East & Africa Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.8.3 Saudi Arabia
6.8.3.1 Saudi Arabia Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.8.3.2 Saudi Arabia Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.8.4 UAE
6.8.4.1 UAE Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.8.4.2 UAE Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.8.5 Egypt
6.8.5.1 Egypt Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.8.5.2 Egypt Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
6.8.6 South Africa
6.8.6.1 South Africa Lithium-ion Battery Market Estimates and Forecast, by Product, 2019-2030 (USD Billion) (GWh)
6.8.6.2 South Africa Lithium-ion Battery market estimates and forecast by Application, 2019-2030 (USD Billion) (GWh)
Chapter 7 Competitive Analysis
7.1 Vendor Landscape
7.1.1 List of Key Distributors & Channel Partners
7.1.2 Key Company Market Position Analysis, 2021
7.1.3 List of Potential Customers
7.1.4 Battery Energy Management Systems Vendors
7.2 Vendor Selection Criterion for Lithium-Ion Battery Selection by End-user
7.3 List of Potential Investors (Funding Companies/Venture Capitalists/Banks)
7.4 List of Top Scientists
7.5 List of Trade Shows/Expos in 2021
7.6 List of Magazines for Lithium-Ion Battery
7.7 List of Universities
7.8 List of Industry Forums
Chapter 8 Company Profiles
8.1 GS Yuasa Corporation Ltd.
8.1.1 Company overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 byD Company Ltd.
8.2.1 Company overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 A123 Systems, LLC
8.3.1 Company overview
8.3.2 Product Benchmarking
8.3.3 Strategic initiatives
8.4 Johnson Controls
8.4.1 Company overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 NEC Corporation
8.5.1 Company overview
8.5.2 Product Benchmarking
8.6 Panasonic Corporation
8.6.1 Company overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 Duracell Inc.
8.7.1 Company overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.7.4 Strategic initiatives
8.8 Electrochem
8.8.1 Company overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9 SK Innovation Co., Ltd.
8.9.1 Company overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Energizer
8.10.1 Company overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
8.11 CBAK Energy Technology, Inc.
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
8.11.4 Strategic Initiatives
8.12 Tesla
8.12.1 Company Overview
8.12.2 Product Benchmarking
8.12.3 Strategic Initiatives
8.13 Renault Group
8.13.1 Company Overview
8.13.2 Product Benchmarking
8.14 Samsung SDI Co., Ltd.
8.14.1 Company Overview
8.14.2 Product Benchmarking
8.14.3 Strategic Initiatives
8.15 Toshiba Corporation
8.15.1 Company Overview
8.15.2 Product Benchmarking
8.15.3 Strategic Initiatives
8.16 LG Chem
8.16.1 Company Overview
8.16.2 Product Benchmarking
8.16.3 Strategic Initiatives
8.17 Saft
8.17.1 Company Overview
8.17.2 Product Benchmarking
8.17.3 Strategic Initiatives
8.18 Contemporary Amperex Technology Co., Limited
8.18.1 Company Overview
8.18.2 Product Benchmarking
8.18.3 Strategic Initiatives

Companies Mentioned

  • Gs Yuasa Corporation Ltd.
  • Byd Company Ltd.
  • A123 Systems, LLC
  • Johnson Controls
  • Nec Corporation
  • Panasonic Corporation
  • Duracell Inc.
  • Electrochem
  • Sk Innovation Co. Ltd.
  • Energizer
  • Cbak Energy Technology, Inc.
  • Tesla
  • Renault Group
  • Samsung Sdi Co. Ltd.
  • Toshiba Corporation
  • Lg Chem
  • Saft
  • Contemporary Amperex Technology Co. Limited

Methodology

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