A Strategic Outlook for the Global Lithium-ion Batteries Market to 2028

  • ID: 4617506
  • Report
  • Region: Global
  • 130 Pages
  • Commodity Inside
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This Report Anticipates That The Lithium-ion Batteries Market is set to Increase from $25 Billion in 2017 to $78 Billion in 2028, at a Compound Annual Growth Rate (CAGR) of 10.7% From 2017 to 2028.

Electric vehicles have not just been revolutionising the automotive sector, but it is also reshaping the energy and materials sectors. One of the key components of the smooth running of electric vehicles is the rechargeable battery. So far, lithium-ion battery has emerged the main beneficiary from this new trend. Li-ion batteries have been in use for decades in numerous applications such as consumer electronics, aerospace, defence healthcare, and industrial applications. However, its growth has been stepping up since the adoption of electric vehicles and other major disruptors such green energy and the upcoming autonomous vehicle technology.

There is a huge potential for demand growth for lithium-ion batteries in the coming years on the back of disruptive technologies and renewed growth in the existing sectors. This report anticipates that the lithium-ion batteries market is set to increase from $25 billion in 2017 to $78 billion in 2028, at a compound annual growth rate (CAGR) of 10.7% from 2017 to 2028.

However, the market can also to be hindered by volatility in battery raw material prices. Lithium prices remained elevated recently followed by a price hike in transition metal- cobalt. This report understands that R&D and innovations will indeed help the Li-ion batteries to become more safe and efficient for end users. However, there is also a threat of emergence of alternative battery chemistry which can cannibalise the market.

Some highlights from the research:

  • Lithium-ion batteries market is set to increase from $25 billion in 2017 to $78 billion in 2028.
  • Lithium-ion battery market is on the rise and will see massive growth in major markets, particularly in Asia on both demand and supply sides.
  • The market will be underpinned by disruptive technologies such as electric vehicles, smart grid storage, data centres etc
  • Raw materials and government support will play a key role in determining the future growth of lithium-ion batteries.
  • Lithium-ion battery market is consolidated, but some companies need to optimise their business or will face the exit. The supply chain will be further tightened, while research and innovations to be synergised between battery producers and end users.
  • The average cost of a lithium-ion battery pack is to decline from $185/kWh in 2017 to around $80/kWh in 2028.

The scope of the report

The report, ‘A Strategic Outlook for the Global Lithium-ion Batteries Market to 2028’, provides the reader with a detailed analysis of the Lithium-ion battery industry, about battery market size, regional analysis, Lithium-ion batteries in key end users and projection in the changing application paradigm. It also provides insight on major trends and developments with impact assessment. It profiles key players with analysis of their strengths and strategies.

The report covers the following:

  • Analysis of lithium-ion batteries and materials markets
  • Critical dissection of major market trends and developments in the next ten years
  • Threats and growth opportunities the market will present
  • Market assessment and ten years projections for lithium-ion batteries in value and energy terms
  • Market assessment and projection by lithium battery types
  • Market size and forecasts key end-use sectors: automotive, grid storage, industrial applications and others
  • Market assessment and forecasts of raw materials for Lithium-ion batteries: cathodes, anodes, electrolytes and separators
  • Market structure and profiles of major players in the industry
  • Market analysis by regions and countries

Key questions the report answered:

  • How is the lithium-ion battery market evolving by segment and region?
  • What will the market size be in 2018, and at what rate will it grow in the next ten years?
  • What trends, challenges and barriers are influencing the market growth?
  • What opportunities will the market face going forward?
  • How will the market shape for various end-use sectors?
  • How big is the opportunity in the electric vehicles market?
  • How will the raw materials market impact the battery market?
  • Who are the key producers in the market, what are their rankings and what are their strategies?
  • What strategies should lithium-ion batteries producers adapt to remain competitive?
  • Which end-user sector will perform better and how will the change evolve their market share going forward?

Forecast segmentation

  • Prices
  • Costs
  • Battery types
  • Battery materials
  • Regions and countries
  • End users
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Chapter - 1 Executive Summary

Chapter - 2 Introduction and methodology

Chapter - 3 Geographical analysis

Chapter - 4 End users

Chapter - 5 Materials and technology market

Chapter - 6 Industry structure and competitive landscape

Chapter - 7 Growth assessment- drivers and restraints

Chapter - 8 Conclusions and recommendations

Appendix: A Lithium battery trade statistics by country 2010-2017 (units and value)
Appendix: B Macroeconomic forecasts 2016-2028

List of Tables

Table 1.1: Global lithium-ion batteries demand by region 2017-2028 (GWh)
Table 1.2: Global lithium-ion batteries demand by region 2017-2028 ($ billions)
Table 1.3: Global lithium-ion batteries demand by battery types 2017-2028 ($ billions)
Table 1.4: Global lithium-ion batteries demand by end-use sectors 2017-2028 ($ billions)
Table 1.5: Global lithium-ion batteries price forecast per pack 2017-2028 ($)
Table 1.6: Global lithium-ion batteries demand segmentation by raw materials 2017-2028 ($billions)
Table 2.1: Types of lithium-ion batteries and applications
Table 3.1: Asian lithium-ion batteries demand 2017-2028 ($ billion, % change)
Table 3.2: European lithium-ion batteries demand 2017-2028 ($ billion, % change)
Table 3.3: North American lithium-ion batteries demand 2017-2028 ($ billion, % change)
Table 3.4: Central and South American lithium-ion batteries demand 2017-2028 ($ billion, % change)
Table 3.5: The Middle Eastern, African and Oceanian lithium-ion batteries demand 2017-2028 ($ billion, % change)
Table 4.1: Global lithium-ion batteries demand in the automotive sector 2017-2028 ($ billions)
Table 4.2: Global electric vehicles sales by region 2017-2028 (units)
Table 4.3: Lithium-ion battery market in the automotive sector 2017, 2020 and 2028 (GWh)
Table 4.4: Global lithium-ion batteries demand in the consumer electronics sector 2017-2028 ($ billions)
Table 4.5: Lithium-ion battery market in consumer electronics by shipments (billion units)
Table 4.6: Global lithium-ion batteries demand in the grid-scale energy storage sector 2017-2028 ($ billions)
Table 4.7: Global power generation by type of energy 2017-2028 (GW)
Table 4.8: Global power capacity by type of energy 2017-2028 (GW)
Table 4.9: Global lithium-ion batteries demand in the industrial sector 2017-2028 ($ billions)
Table 4.10: Global lithium-ion batteries demand in others 2017-2028 ($ billions)
Table 5.1: The value chain structure of the lithium-ion battery market
Table 5.2: Global lithium-ion battery pack prices 2017-2028 ($)
Table 5.3: Metals and minerals demand in the lithium-ion battery market (‘000 tonnes)
Table 6.1: A123 Systems- Strengths and opportunities
Table 6.2: Johnson Controls- Strengths and opportunities
Table 6.3: LG Chem- Strengths and opportunities
Table 6.4: Panasonic Corporation- Strengths and opportunities
Table 6.5: Samsung SDI- Strengths and opportunities
Table 6.6: Tesla- Strengths and opportunities
Table 6.7: Capacity of major Lithium-ion batteries producers
Table 7.1- Lithium-ion batteries exports 2010-2017 (units and value)
Table 7.2- Lithium-ion batteries imports 2010-2017 (units and value)

List of Figures

Figure 1.1: Global lithium-ion batteries demand by region 2017-2028 ($ billions)
Figure 1.2: Global lithium-ion batteries demand by battery type 2017-2028 (% share)
Figure 1.3: Global lithium-ion batteries demand by end-use sectors 2017-2028 (% share)
Figure 1.4: Global lithium-ion batteries price forecast per pack 2017-2028 ($/t)
Figure 1.5: Global lithium-ion batteries demand segmentation by raw materials 2017-2028 (% share)
Figure 2.1: Li-ion battery charging and discharging mechanism
Figure 3.1: Asian Lithium-ion batteries demand 2017-2028 ($ billions)
Figure 3.2: European Lithium-ion batteries demand 2017-2028 ($ billions)
Figure 3.3: North American Lithium-ion batteries demand 2017-2028 ($ billions)
Figure 3.4: Central and South American Lithium-ion batteries demand 2017-2028 ($ billions)
Figure 3.5: The Middle Eastern, African and Oceanian Lithium-ion batteries demand 2017-2028 ($ billions)
Figure 4.1: Global lithium-ion batteries demand in the automotive sector 2017-2028 ($ billions)
Figure 4.2: Global lithium-ion batteries demand in the consumer electronics sector 2017-2028 ($ billions)
Figure 4.3: Global lithium-ion batteries demand in the grid-scale energy storage sector 2017-2028 ($ billions)
Figure 4.4: Global lithium-ion batteries demand in the industrial sector 2017-2028 ($ billions)
Figure 4.5: Global lithium-ion batteries demand in others 2017-2028 ($ billions)
Figure 5.1: Cost structure by components and materials of lithium-ion batteries 2017 (% share)
Figure 5.2: Cathode market structure by company share 2017 (% share)
Figure 5.3: Anode market structure by company share 2017 (% share)
Figure 5.4: Electrolytic solution market structure by company share 2017 (% share)
Figure 6.1: Lithium-ion battery market structure by company market share 2017 (% share)
Figure 6.2: Cylindrical lithium-ion battery market structure by company market share 2017 (% share)
Figure 6.3: Prismatic lithium-ion battery market structure by company market share 2017 (% share)
Figure 6.4: Laminated lithium-ion battery market structure by company market share 2017 (% share)

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