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Li-ion Battery - Market Analysis, Trends, and Forecasts

  • ID: 4805605
  • Report
  • November 2019
  • Region: Global
  • 622 pages
  • Global Industry Analysts, Inc
1 of 3

FEATURED COMPANIES

  • A123 Systems, Llc
  • Cummins, Inc.
  • Exide Industries Ltd.
  • Koninklijke Philips Nv
  • Panasonic Corporation
  • SK Innovation Co., Ltd.
  • MORE
Li-ion Battery market worldwide is projected to grow by US$57.7 Billion, driven by a compounded growth of 15.2%. Lithium Nickel Manganese Cobalt (NMC), one of the segments analyzed and sized in this study, displays the potential to grow at over 17.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$45.1 Billion by the year 2025, Lithium Nickel Manganese Cobalt (NMC) will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 14.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$5.6 Billion to the region's size and clout in the next 5 to 6 years. Over US$4.7 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Lithium Nickel Manganese Cobalt (NMC) will reach a market size of US$1.7 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 16.2% over the next couple of years and add approximately US$10.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include among others:
  • 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
2 of 3

FEATURED COMPANIES

  • A123 Systems, Llc
  • Cummins, Inc.
  • Exide Industries Ltd.
  • Koninklijke Philips Nv
  • Panasonic Corporation
  • SK Innovation Co., Ltd.
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
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
Global Li-ion Battery Manufacturing Capacity (in GWh) for the Years 2019, 2022 and 2025
Global Li-ion Battery Market: Production Capacity Share Breakdown by Country for 2019
Global Li-ion Battery Market: Projected Production Capacity Share Breakdown by Country for 2023
Global Li-ion Battery Production Capacity Pipeline in GWh for 2019, 2023 and 2028
Leading Li-ion Battery Mega Factories Worldwide: Ranked by Storage Capacity in GWh Per Annum
Top 10 Lithium-ion Battery Plant Projects
Global Competitor Market Shares
Li-ion Battery Competitor Market Share Scenario Worldwide (in %): 2018

2. FOCUS ON SELECT PLAYERS
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)
Tesla, Inc. (USA)
Toshiba Corporation (Japan)

3. MARKET TRENDS & DRIVERS
Growing Sales of Electric Vehicles: A Significant Opportunity for Li-ion Batteries Market
Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
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
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
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
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
Global Smartphone Shipments in Million Units for the Years 2011 through 2018
Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
With Smartphones Evolving Rapidly, Li-ion Batteries Struggle to Address the Demanding Needs of Devices
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
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
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
Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
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
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
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
Li-ion Battery Pack Price in $/kWh for the Years 2010 through 2018
Lithium-ion Battery Prices: Breakdown of Price in $/kWh for Pack and Cell for the Years 2014 through 2018
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
Cost Structure of Consumer-Grade Li-ion Battery (in $/kWh) by Cost Component
Lithium Reserves and Production: Vital for Li-ion Battery Market
Global Lithium Reserves in Thousand Metric Tons by Select Countries
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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
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
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
Market Analytics
CANADA
JAPAN
CHINA
China Leads the Global Lithium-Ion Battery Industry
Robust Growth of EV Sales: Positive Outlook for Li-ion Battery Market
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
Market Analytics
EUROPE
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
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
Li-ion Battery Market in India: An Overview
Market Analytics
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
AFRICA

IV COMPETITION
A123 SYSTEMS, LLC
AMPEREX TECHNOLOGY LTD.
ARADEX AG
AUTOMOTIVE ELECTRONICS POWER PVT., LTD. - TDSG
BIOENNO TECH LLC (BIOENNO POWER)
BMZ GROUP
BRADY CORPORATION
BYD CO., LTD.
CANBAT TECHNOLOGIES INC.
CBAK ENERGY TECHNOLOGY INC.
CELL-CON, INC.
CLARIOS INC.
CNEBIKES CO., LTD.
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
COSLIGHT INDIA TELECOM PVT.
CREUP TECHNOLOGIES LTD.
CUMMINS, INC.
DELTA ELECTRONICS, INC.
DNK POWER CO., LTD.
EAGLEPICHER TECHNOLOGIES LLC
EAS BATTERIES GMBH
EEMB BATTERY
ELECTROVAYA INC.
ENERDEL, INC.
ENEVATE CORPORATION
ENVISION AESC
E-ONE MOLI ENERGY CORPORATION
EPSILOR INDUSTRIES LTD.
EVE ENERGY CO., LTD.
EXICOM TELE-SYSTEMS LIMITED
EXIDE INDUSTRIES LTD.
FULL POWER ELECTRONICS CO., LTD.
FUTURE HI-TECH BATTERIES LTD.
GBP BATTERY CO., LTD.
GRST ENERGY LIMITED
GS YUASA CORPORATION
GS YUASA LITHIUM POWER
HARDING ENERGY, INC.
HIGHPOWER INTERNATIONAL
HITACHI CHEMICAL CO., LTD.
HITACHI AUTOMOTIVE SYSTEMS AMERICAS, INC.
HYB BATTERY CO., LTD.
IDX SYSTEM TECHNOLOGY, INC.
INVENTUS POWER
JAUCH QUARTZ GMBH
JEWO BATTERIETECHNIK GMBH
KONINKLIJKE PHILIPS NV
PHILIPS NORTH AMERICA CORPORATION
LG CHEM LTD.
LIAN INNOVATIVE
LINGHAO BATTERY (HK) CO., LTD. (SURGEZELLE)
LITHIUM WERKS
MAXELL HOLDINGS LTD.
MICROPOWER GROUP
MINAMOTO BATTERY (HK) LTD.
MURATA MANUFACTURING CO., LTD.
NEC ENERGY SOLUTIONS
NEXCELL BATTERY CO., LTD.
NIKON, INC.
NISSAN MOTOR CO., LTD.
NORTHVOLT AB
OPTIMUMNANO ENERGY CO., LTD.
PANASONIC CORPORATION
PANASONIC INDUSTRIAL DEVICES & SOLUTIONS CO., LTD.
POWER-SONIC CORPORATION
POWERTECH SYSTEMS
PRIMEARTH EV ENERGY CO., LTD.
PROFOTO AB
RELION BATTERY LLC
RENATA SA
RENOGY
REXPOWER INDUSTRIAL DEVELOPMENT CO., LTD.
SAFT GROUPE SA
SAMSUNG SDI CO., LTD.
SCHNEIDER ELECTRIC SE
SEMICONDUCTOR ENERGY LABORATORY CO., LTD.
SEMYUNG EVER ENERGY CO., LTD.
SHENZHEN BAK TECHNOLOGY CO., LTD.
SHENZHEN MOTTCELL NEW ENERGY TECHNOLOGY CO., LTD.
SIMPLIPHI POWER, INC.
SK INNOVATION CO., LTD.
SONY CORPORATION
SUNWODA ELECTRIC VEHICLE BATTERY CO., LTD.
SUNWODA ELECTRONIC CO., LTD.
SUPER B LITHIUM POWER BV
TADIRAN BATTERIES GMBH
TELEDYNE ICM
TESLA INC.
TIANJIN LISHEN BATTERY JOINT-STOCK CO., LTD.
TOSHIBA CORPORATION
ULTRALIFE CORPORATION
VARTA AG
VARTA MICROBATTERY GMBH
VARTA STORAGE GMBH
VOLKSWAGEN AG
WANXIANG IMPORT & EXPORT CO., LTD.
XALT ENERGY
ZEUS BATTERY PRODUCTS

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  • A123 Systems, Llc
  • Amperex Technology Ltd.
  • Aradex Ag
  • Automotive Electronics Power Pvt., Ltd. - Tdsg
  • Bioenno Tech Llc (Bioenno Power)
  • BMZ Group
  • Brady Corporation
  • BYD Co., Ltd.
  • Canbat Technologies Inc.
  • CBAK Energy Technology Inc.
  • Cell-Con, Inc.
  • Clarios Inc.
  • Cnebikes Co., Ltd.
  • Contemporary Amperex Technology Co., Limited
  • Coslight India Telecom Pvt.
  • Creup Technologies Ltd.
  • Cummins, Inc.
  • Delta Electronics, Inc.
  • DNK Power Co., Ltd.
  • Eaglepicher Technologies Llc
  • EAS Batteries Gmbh
  • Eemb Battery
  • Electrovaya Inc.
  • Enerdel, Inc.
  • Enevate Corporation
  • Envision Aesc
  • E-One Moli Energy Corporation
  • Epsilor Industries Ltd.
  • Eve Energy Co., Ltd.
  • Exicom Tele-Systems Limited
  • Exide Industries Ltd.
  • Full Power Electronics Co., Ltd.
  • Future Hi-Tech Batteries Ltd.
  • GBP Battery Co., Ltd.
  • Grst Energy Limited
  • GS Yuasa Corporation
  • GS Yuasa Lithium Power
  • Harding Energy, Inc.
  • Highpower International
  • Hitachi Automotive Systems Americas, Inc.
  • Hitachi Chemical Co., Ltd.
  • HYB Battery Co., Ltd.
  • IDX System Technology, Inc.
  • Inventus Power
  • Jauch Quartz Gmbh
  • Jewo Batterietechnik Gmbh
  • Koninklijke Philips Nv
  • LG Chem Ltd.
  • Lian Innovative
  • Linghao Battery (Hk) Co., Ltd. (Surgezelle)
  • Lithium Werks
  • Maxell Holdings Ltd.
  • Micropower Group
  • Minamoto Battery (Hk) Ltd.
  • Murata Manufacturing Co., Ltd.
  • Nec Energy Solutions
  • Nexcell Battery Co., Ltd.
  • Nikon, Inc.
  • Nissan Motor Co., Ltd.
  • Northvolt Ab
  • Optimumnano Energy Co., Ltd.
  • Panasonic Corporation
  • Panasonic Industrial Devices & Solutions Co., Ltd.
  • Philips North America Corporation
  • Power-Sonic Corporation
  • Powertech Systems
  • Primearth Ev Energy Co., Ltd.
  • Profoto Ab
  • Relion Battery Llc
  • Renata Sa
  • Renogy
  • Rexpower Industrial Development Co., Ltd.
  • Saft Groupe Sa
  • Samsung Sdi Co., Ltd.
  • Schneider Electric Se
  • Semiconductor Energy Laboratory Co., Ltd.
  • Semyung Ever Energy Co., Ltd.
  • Shenzhen Bak Technology Co., Ltd.
  • Shenzhen Mottcell New Energy Technology Co., Ltd.
  • Simpliphi Power, Inc.
  • SK Innovation Co., Ltd.
  • Sony Corporation
  • Sunwoda Electric Vehicle Battery Co., Ltd.
  • Sunwoda Electronic Co., Ltd.
  • Super B Lithium Power Bv
  • Tadiran Batteries Gmbh
  • Teledyne Icm
  • Tesla Inc.
  • Tianjin Lishen Battery Joint-Stock Co., Ltd.
  • Toshiba Corporation
  • Ultralife Corporation
  • Varta Ag
  • Varta Microbattery Gmbh
  • Varta Storage Gmbh
  • Volkswagen Ag
  • Wanxiang Import & Export Co., Ltd.
  • Xalt Energy
  • Zeus Battery Products
Note: Product cover images may vary from those shown
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