+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Li-ion Battery - Global Market Trajectory & Analytics

  • ID: 4805605
  • Report
  • May 2021
  • Region: Global
  • 622 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • A123 Systems LLC
  • Cell-Con, Inc.
  • EnerDel, Inc.
  • Johnson Controls, Inc.
  • Li-Tec Battery GmbH
  • SK Innovation Co., Ltd.
  • MORE

Global Li-ion Battery Market to Reach US$127.8 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Li-ion Battery estimated at US$46.6 Billion in the year 2020, is projected to reach a revised size of US$127.8 Billion by 2027, growing at a CAGR of 15.5% over the analysis period 2020-2027.Lithium Nickel Manganese Cobalt (NMC), one of the segments analyzed in the report, is projected to grow at a 17.1% CAGR to reach US$52 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium Iron Phosphate (LFP) segment is readjusted to a revised 14% CAGR for the next 7-year period. This segment currently accounts for a 26.5% share of the global Li-ion Battery market.

The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 20% CAGR for the Period of 2020-2027


The Li-ion Battery market in the U.S. is estimated at US$12.6 Billion in the year 2020. The country currently accounts for a 26.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$29.8 Billion in the year 2027 trailing a CAGR of 20.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR while Rest of European market (as defined in the study) will reach US$29.8 Billion by the year 2027.

Lithium Cobalt Oxide (LCO) Segment Corners a 16.8% Share in 2020


In the global Lithium Cobalt Oxide (LCO) segment, USA, Canada, Japan, China and Europe will drive the 13.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.9 Billion in the year 2020 will reach a projected size of US$14.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$19.5 Billion by the year 2027, while Latin America will expand at a 16.1% CAGR through the analysis period.

Select Competitors (Total 98 Featured) -

  • Coslight India Telecom Pvt. Ltd.
  • Electrovaya, Inc.
  • EnerDel, Inc.
  • GS Yuasa Corporation
  • Highpower International, Inc.
  • Hitachi Chemical Co., Ltd.
  • HYB Battery Co., Ltd.
  • Johnson Controls, Inc.
  • Kokam Co., Ltd.
  • LG Chem
  • Li-Tec Battery GmbH
  • MINAMOTO Battery (HK) Ltd.
  • Panasonic Corporation
  • Samsung SDI Co., Ltd
  • SK Innovation Co., Ltd.
  • Sony Corporation
  • Sunwoda Electronic Co., Ltd.
  • Tianjin Lishen Battery Joint-Stock Co., Ltd.
  • Toshiba Corporation
  • A123 Systems LLC
  • Automotive Energy Supply Corporation (AESC)
  • Blue Energy Canada, Inc.
  • BYD Co., Ltd.
  • Cell-Con, Inc.
  • CNEBIKES Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A123 Systems LLC
  • Cell-Con, Inc.
  • EnerDel, Inc.
  • Johnson Controls, Inc.
  • Li-Tec Battery GmbH
  • SK Innovation Co., Ltd.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Lithium-ion Battery: An Introduction
  • Construction and Package Types of Li-ion Battery
  • Advantages and Disadvantages of Li-ion Batteries
  • Applications of Li-Ion Batteries
  • Li-ion Battery: Battery Technology with Expanding Applications in Consumer Electronics, Electric Vehicles and Energy Storage Sectors
  • NMC: The Largest Segment by Chemistry Type
  • Asian Countries Spearhead Growth in the Li-ion Battery Market
  • China Dominates Li-ion Battery Production
  • Exhibit 1: Global Li-ion Battery Manufacturing Capacity (in GWh) for the Years 2019, 2022 and 2025
  • Exhibit 2: Global Li-ion Battery Market: Production Capacity Share Breakdown by Country for 2019
  • Exhibit 3: Global Li-ion Battery Market: Projected Production Capacity Share Breakdown by Country for 2023
  • Exhibit 4: Global Li-ion Battery Production Capacity Pipeline in GWh for 2019, 2023 and 2028
  • Exhibit 5: Leading Li-ion Battery Mega Factories Worldwide: Ranked by Storage Capacity in GWh Per Annum
  • Exhibit 6: Top 10 Lithium-ion Battery Plant Projects
  • Impact of Covid-19 and a Looming Global Recession
  • BYD Company Ltd. (China)
  • CALB USA, Inc. (USA)
  • Clarios, Inc. (USA)
  • Contemporary Amperex Technology Co. Limited (China)
  • GS Yuasa Corporation (Japan)
  • Hitachi Chemical Company, Ltd. (Japan)
  • LG Chem Ltd. (South Korea)
  • Lithium Werks BV (The Netherlands)
  • Panasonic Corporation (Japan)
  • Saft Groupe SA (France)
  • Samsung SDI Co., Ltd. (South Korea)
  • Shenzhen BAK Battery Co., Ltd. (China)
  • Toshiba Corporation (Japan)
  • Tesla, Inc. (USA)
  • Growing Sales of Electric Vehicles: A Significant Opportunity for Li-ion Batteries Market
  • Exhibit 7: Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
  • Exhibit 8: Light Vehicles Market in North America - Breakdown of Sales in Thousands by Power Type for the Years 2019 and 2025
  • Falling Battery Costs to Drive Down Cost of EVs
  • Global Automakers Focus on Securing Raw Materials for EVs
  • Exhibit 9: Projected Demand for Metals and Minerals from Li-ion Battery Packs Used in Passenger EVs by Type for the Years 2025 and 2030 (In Thousand Metric Tons)
  • Rising Interest in Lithium for Use in EV Li-ion Batteries
  • While China Focuses on Building Future Batteries, Tesla Remains the Only US Company in Race
  • LiFePO4 Battery Gaining Prominence in Automotive Applications
  • Manufacture of Lithium-Ion Batteries for EVs: Challenges Continue to Persist
  • Li-ion Battery Recycling Market: Rising Environmental Concerns and Strict Government Policies Foster Growth
  • Exhibit 10: Global Li-ion Battery Recycling Market: Market Share Breakdown by Region/Country for 2019
  • Rising Sales of Electric Buses Bolsters Demand for Li-ion Batteries
  • Exhibit 11: Global Li-ion Batteries Market for Electric Buses: Percentage Breakdown of Sales Volume by Li-ion Variant for 2019 and 2025
  • Li-ion Batteries: The Preferred Rechargeable Battery Chemistry for Consumer Electronics Devices
  • Widespread Use of Li-ion Batteries in Smartphones
  • Exhibit 12: Global Smartphone Shipments in Million Units for the Years 2011 through 2018
  • Exhibit 13: Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • With Smartphones Evolving Rapidly, Li-ion Batteries Struggle to Address the Demanding Needs of Devices
  • Exhibit 14: Average Battery Life of Select Latest Smartphone Models
  • Lithium-Ion Batteries with Graphene: A Substitute to Conventional Li-ion Batteries Used in Mobile Phones
  • Sustained Use of Li-ion Batteries in Laptops and Notebooks
  • Exhibit 15: Worldwide Shipments of Laptops and Tablet PCs (in Million Units) for the Years 2019, 2021 and 2023
  • Li-ion Batteries Gain Momentum in Wearable Devices
  • Exhibit 16: Global Wearable Device Shipments in Million Units for the Years 2017, 2019 and 2021
  • Rechargeable Li-ion Batteries Find Application in Smart Homes
  • Li-ion Batteries Emerge as the Dominant Technology for Grid-Scale Energy Storage
  • Rapid Growth of Renewable Energy Market: Opportunity for Li-ion Batteries
  • Exhibit 17: Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
  • Exhibit 18: Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
  • Falling Cost of Clean Energy and Li-ion Batteries Favors Adoption in Renewable Energy Systems
  • Exhibit 19: Levelized Cost of Electricity (LCOE) of Battery Storage, Offshore Wind, Onshore Wind and Offshore in $/MWh for the Years 2013, 2015 and 2019
  • Peak Shifting Application Promises High Demand Scenario for Li-ion Batteries
  • Lithium-ion Solar Batteries Hold an Edge over Lead Acid Batteries for Residential Solar Customers
  • High Cost and Limited Battery Life Impede Adoption of Li-ion Batteries in Renewable Systems
  • Increasing Penetration of Li-ion Battery in Data Centers Augurs Well for the Market Growth
  • Exhibit 20: Increasing Adoption of Li-ion Batteries in Data Centers: Battery-based Backup (in GWh) for Li-ion Batteries in North American and European Data Centers for the Years 2019, 2021, 2023 and 2025
  • Li-ion Batteries Offer Support for Industrial Applications
  • Use of Li-ion Batteries Gaining Momentum in Material Handling Industry
  • As the Wonder Material, Graphene Holds the Potential to Enhance Attributes of Li-ion Batteries
  • Li-ion Battery Pricing Trends: Significant Impact on Adoption in Automotive Industry
  • Exhibit 21: Li-ion Battery Pack Price in $/kWh for the Years 2010 through 2018
  • Exhibit 22: Lithium-ion Battery Prices: Breakdown of Price in $/kWh for Pack and Cell for the Years 2014 through 2018
  • Exhibit 23: Li-ion Battery Price Outlook: Prices in $/kWh for the Years 2020, 2025, and 2030
  • Battery Startups Invest in Next Generation Li-ion Batteries
  • Raw Material Availability and Pricing: Factors with Significant Implications for Li-ion Batteries Market
  • Raw Material Cost: The Largest Proportion of Overall Cost of Li-ion Battery
  • Exhibit 24: Cost Structure of Consumer-Grade Li-ion Battery (in $/kWh) by Cost Component
  • Lithium Reserves and Production: Vital for Li-ion Battery Market
  • Exhibit 25: Global Lithium Reserves in Thousand Metric Tons by Select Countries
  • Exhibit 26: Global Lithium Mine Production in Metric Tons by Country for 2017 and 2018
  • High Cobalt Prices: Reason for Slower Decline in Production Cost of Li-ion Battery
  • Major Players with Growing Clout in LIB Raw Materials Marketplace
  • Innovations in Material Science and Capacity Critical to Creating the Next-Gen Li-ion Battery
  • Safety Concerns and Other Disadvantages of Li-ion Batteries: A Review
  • Competing Disruptive Battery Technologies: A Major Challenge for Li-ion Battery Market
  • Despite Emergence of Alternatives, Li-ion Remains the Most Promising Battery Tech for Various Applications
  • Changes in Li-ion Battery Composition and Component Use
  • Innovations, Advancements & Research Studies
  • Solid State Lithium-ion Battery: Faster Charging and Longer Lasting Option
  • Innolith Develops Non-Flammable Lithium-Ion Battery
  • Researchers Advance Technology to Enable Production of Non-Flammable Li-ion Batteries
  • German Researchers Find Singlet Oxygen as the Factor Causing Breakdown of Li-ion Battery
  • Nano One Wins Chinese Patent for Li-ion Battery Applications
  • Size-Tunable Natural Mineral-Molybdenite Increase Storage Capacity and Accelerate Ions Transfer in Li-ion Batteries
  • Developments Underway to Mass Produce CSIR Lab's Indigenous Lithium Ion Battery Technology
  • US Department of Energy Initiates Research to Develop Next-Gen Li-ion Batteries
  • 24M Developing Simple Li-ion Batteries Capable of Reducing EVs Costs
  • University of Alberta Chemists Developing Silicon-Based LIBs with 10 Fold Increase in Charge Capacity
III. MARKET ANALYSIS
  • Active Players in United States
  • EVs and Renewable Energy Projects: Applications Fostering Demand for Li-ion Batteries in the US
  • Utilities Invest in Large Batteries Rather than Build New Capacity: Potential for LIB Market
  • Exhibit 27: Utility-scale Battery Storage in the US: Li-ion Battery as % of Total Battery Storage Capacity for the Years 2013 through 2018
  • US Bans Li-ion Battery Cargo Shipments Aboard Passenger Planes
  • SWANA Supports Legislation for Li-ion Batteries Recycling Program in California amidst Rising Fire Incidents
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • China Leads the Global Lithium-Ion Battery Industry
  • Robust Growth of EV Sales: Positive Outlook for Li-ion Battery Market
  • Exhibit 28: EV Production in China: Production and New Production Capacity (in Units) for the Years 2019, 2021, 2023 and 2025
  • Chinese Government Intends to Encourage Li-ion Battery Manufacturing Industry
  • Amidst Plans to Strengthen LIB Production, China Looks to Secure Supplies of Vital Raw Materials
  • China Looks to Tap Opportunities Emerging in EV Battery Recycling Space
  • Repurposing of Li-ion Batteries: A New Life for Old Batteries with Useful Capacity
  • China’s New Energy Vehicle (NEV) Subsidies to Favor Li-ion Battery Making Market
  • Emphasis on NEV Infrastructure Augurs Well for the Market
  • Ministry of Industry and Information Technology Revises Regulations for Lithium-ion Battery Industry
  • Leading Lithium-ion Battery Manufacturers in China
  • European Li-ion Battery Market: Renewable Energy and EVs Sectors to Fuel Growth
  • EU Plans Huge Investments in Li-ion Battery Manufacturing Space
  • New Li-ion Battery Factories Planned: Europe's Long-term Strategy to Deal with Asian Challenge
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Spain
  • Active Players in Russia
  • Active Players in Rest of Europe
  • Active Players in Australia
  • Active Players in India
  • Li-ion Battery Market in India: An Overview
  • Active Players in South Korea
  • Active Players in Rest of Asia-Pacific
  • Active Players in Argentina
  • Active Players in Brazil
  • Active Players in Mexico
  • Active Players in Rest of Latin America
  • Active Players in Iran
  • Active Players in Israel
  • Active Players in Saudi Arabia
  • Active Players in United Arab Emirates
  • Active Players in Rest of Middle East
  • Active Players in Africa
IV. COMPETITION
  • Total Companies Profiled: 98
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Coslight India Telecom Pvt. Ltd.
  • Electrovaya, Inc.
  • EnerDel, Inc.
  • GS Yuasa Corporation
  • Highpower International, Inc.
  • Hitachi Chemical Co., Ltd.
  • HYB Battery Co., Ltd.
  • Johnson Controls, Inc.
  • Kokam Co., Ltd.
  • LG Chem
  • Li-Tec Battery GmbH
  • MINAMOTO Battery (HK) Ltd.
  • Panasonic Corporation
  • Samsung SDI Co., Ltd
  • SK Innovation Co., Ltd.
  • Sony Corporation
  • Sunwoda Electronic Co., Ltd.
  • Tianjin Lishen Battery Joint-Stock Co., Ltd.
  • Toshiba Corporation
  • A123 Systems LLC
  • Automotive Energy Supply Corporation (AESC)
  • Blue Energy Canada, Inc.
  • BYD Co., Ltd.
  • Cell-Con, Inc.
  • CNEBIKES Co., Ltd.
Note: Product cover images may vary from those shown
Adroll
adroll