Lithium-Ion (Li-ion) Batteries - Global Strategic Business Report

Report
800 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 4805605

The global market for Lithium-Ion (Li-ion) Batteries is estimated at US$55.6 Billion in 2023 and is projected to reach US$140 Billion by 2030, growing at a CAGR of 12.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Lithium Nickel Manganese Cobalt (NMC) segment, which is expected to reach US$74.9 Billion by 2030 with a CAGR of 14.5%. The Lithium Iron Phosphate (lfp) segment is also set to grow at 10.4% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $8.6 Billion in 2023, and China, forecasted to grow at an impressive 15.1% CAGR to reach $31.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Lithium-Ion (Li-ion) Batteries Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Lithium-Ion (Li-ion) Batteries Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Lithium-Ion (Li-ion) Batteries Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Amperex Technology Ltd., A123 Systems LLC, Accutronics Ltd., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 245 Featured):

Amperex Technology Ltd.
A123 Systems LLC
Accutronics Ltd.
Ansmann AG
Alexander Technologies Europe Limited
Amit Industries Ltd. (Amicell)
AceOn Battery Solar Technology Ltd. (AceOn Group)
Anhui Uplus Energy Technology Co. Ltd.
Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
Aerolithium Batteries
Amionx
aentron GmbH
AMTE Power plc
4R Energy Corporation
49er Communications, Inc.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Economic Update
Competitive Landscape
Lithium-Ion (Li-ion) Batteries - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Batteries: Indispensable Power Source for Modern-Day Consumer & Industrial Applications
An Introduction to Li-ion Battery
Construction and Package Types of Li-ion Battery
Advantages and Disadvantages of Li-ion Batteries
Applications of Li-Ion Batteries
Global Market Prospects & Outlook
NMC: The Largest Segment by Chemistry Type
Automotive Sector to Drive Future Market Gains
Asia-Pacific at Vanguard of Global Lithium Ion Battery Market
Lithium-ion Production Scenario
Global Li-ion Battery Manufacturing Capacity (in GWh) for the Years 2019, 2023 and 2028
Leading Li-ion Battery Mega Factories Worldwide: Ranked by Storage Capacity in GWh Per Annum
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Robust Outlook for EVs Opens New Avenues of Growth for Li-ion Batteries Market
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)
LiFePO4 Battery Gaining Prominence in Automotive Applications
Rising Sales of Electric Buses Bolsters Demand for Li-ion Batteries
Shortfall of Raw Materials to Augment Cost of EV Batteries
Major Players Operating in the EV Battery Space
Rising Production of Electric Cars Set to Increase Focus on Recycling
Growing Environmental Footprint of Lithium-Ion Battery Brings Recycling Into the Spotlight
Li-Ion Batteries: Solution for De-Carbonization at the Cost of Environmental Damage
Here’s How Li-Ion Battery Boom Impacts the Environment
Why Recycling is Emerging Into the Spotlight?
Stringent Government Guidelines Concerning Battery Waste Disposal to Encourage Global Li-ion Battery Recycling Initiatives
Regulations Push Investments in Li-ion Battery Recycling Plants
Li-ion Batteries Emerge as the Dominant Technology for Grid-Scale Energy Storage
Rapid Growth of Renewable Energy Market Drives Market Opportunities
Global Cumulative PV Capacity Additions in GW: 2018, 2020, 2022, 2024, and 2026
Increase in Offshore Wind Installations Presents New Opportunities: Global Offshore Wind Energy Market: New Installations in GW for the Years 2020, 2022, 2024, 2026 & 2028
Lithium-ion Solar Batteries Hold an Edge over Lead Acid Batteries for Residential Solar Customers
Falling Cost of Clean Energy and Li-ion Batteries Favors Adoption in Renewable Energy Systems
Peak Shifting Application Promises High Demand Scenario for Li-ion Batteries
High Cost and Limited Battery Life Impede Adoption of Li-ion Batteries in Renewable Systems
Li-ion Batteries: The Preferred Rechargeable Battery Chemistry for Consumer Electronics Devices
Growing Demand for Mobile Computing Devices To Spur Demand
Widespread Use of Li-ion Batteries in Smartphones
Li-ion Batteries Gain Momentum in Wearable Devices
Global Electronic Wearables Shipments (In Million Units) for Years 2020, 2022, 2024 & 2026
Rapid Proliferation of Smart Homes Bodes Well for Li-ion Battery Uptake
Driven by Focus on Convenience, Comfort and Energy Savings, the Rising Proliferation of Smart Homes Presents Steady Growth Opportunities for Batteries Market: Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
New Battery Chemistry and Modularity at the Forefront of Innovations in UPS Systems
Graphene Holds the Potential to Enhance Attributes of Li-ion Batteries
Smart UPS Systems Built on Li-ion Batteries Present Exciting Opportunities for Data Centers to Leverage Stored, Unused Energy
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
Demand for PorTable Batteries Set to Rise in Tandem with Expansion of PorTable Applications
Increased Preference for Li-ion Batteries by Motorcycle Manufacturers Due to High Resistivity to Drive the Market Growth
Rise of Drones Spurs Demand for Drone Batteries
Advanced Batteries for UAV Drones
Global Number of Commercial Drones (In Units) for Years 2020, 2022, 2024 & 2026
Use of Li-ion Batteries Gaining Momentum in Material Handling Industry
Growing Significance of Solid-State Batteries Over Traditional Lithium-ion Battery Systems to Drive the Market Growth
Focus on Innovations in Battery Materials to Increase Charging Rates
Emphasis on Lithium-Ion Battery Life Cycle Management
Current Regulatory Framework for Lithium-Ion Batteries and Future Outlook
Li-ion Battery Pricing Trends: Significant Impact on Adoption in Automotive Industry
Raw Material Availability and Pricing: Factors with Significant Implications for Li-ion Batteries Market
Cost Structure of Li-ion Battery (in %) by Component
Lithium Reserves and Production: Vital for Li-ion Battery Market
Global Lithium Reserves in Thousand Metric Tons by Select Countries
High Cobalt Prices Affect Production Cost of Li-ion Battery
Solid Battery Technology Set to Leapfrog with Tweaks in Design and Material Options
Shift from Liquid Electrolyte towards Solid-State Battery
Solid-State (Solid Lithium) Design: Intriguing Option for New Applications
No End of Road for Lithium-Ion Batteries as More is Poised to Come with New Options
Innovations in Vehicle Battery to Have Spillover Gains for Stationary Storage Applications
Innovations, Advancements & Research Studies Fuel Market Prospects
Safety Concerns and Other Disadvantages of Li-ion Batteries: A Review
Fire Risk with Lithium-ion Batteries
Competing Disruptive Battery Technologies: A Major Challenge for Li-ion Battery Market

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Lithium Nickel Manganese Cobalt (NMC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 2: World Historic Review for Lithium Nickel Manganese Cobalt (NMC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 3: World 16-Year Perspective for Lithium Nickel Manganese Cobalt (NMC) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 4: World Recent Past, Current & Future Analysis for Lithium Iron Phosphate (LFP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 5: World Historic Review for Lithium Iron Phosphate (LFP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 6: World 16-Year Perspective for Lithium Iron Phosphate (LFP) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for Lithium Cobalt Oxide (LCO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 8: World Historic Review for Lithium Cobalt Oxide (LCO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 9: World 16-Year Perspective for Lithium Cobalt Oxide (LCO) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 10: World Recent Past, Current & Future Analysis for Lithium Nickel Cobalt Aluminum Oxide (NCA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 11: World Historic Review for Lithium Nickel Cobalt Aluminum Oxide (NCA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 12: World 16-Year Perspective for Lithium Nickel Cobalt Aluminum Oxide (NCA) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 13: World Recent Past, Current & Future Analysis for Other Chemistries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 14: World Historic Review for Other Chemistries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 15: World 16-Year Perspective for Other Chemistries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 16: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 17: World Historic Review for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 18: World 16-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 19: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 20: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 21: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 22: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 23: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 24: World 16-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 25: World Recent Past, Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 26: World Historic Review for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 27: World 16-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 28: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 29: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 30: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 31: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 32: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 33: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 34: World Lithium-Ion (Li-ion) Batteries Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
Table 35: World Recent Past, Current & Future Analysis for Lithium-Ion (Li-ion) Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 36: World Historic Review for Lithium-Ion (Li-ion) Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 37: World 16-Year Perspective for Lithium-Ion (Li-ion) Batteries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Lithium-Ion (Li-ion) Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)

CANADA

JAPAN

Lithium-Ion (Li-ion) Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)

CHINA

Lithium-Ion (Li-ion) Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Market Overview

EUROPE

Lithium-Ion (Li-ion) Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Market Overview

FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Lithium-Ion (Li-ion) Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

AUSTRALIA

INDIA

Market Overview

SOUTH KOREA

Active Players in South Korea

REST OF ASIA-PACIFIC

LATIN AMERICA

Lithium-Ion (Li-ion) Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)

ARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Amperex Technology Ltd.
A123 Systems LLC
Accutronics Ltd.
Ansmann AG
Alexander Technologies Europe Limited
Amit Industries Ltd. (Amicell)
AceOn Battery Solar Technology Ltd. (AceOn Group)
Anhui Uplus Energy Technology Co. Ltd.
Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
Aerolithium Batteries
Amionx
aentron GmbH
AMTE Power plc
4R Energy Corporation
49er Communications, Inc.

Table Information

Report Attribute	Details
No. of Pages	800
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 55.6 Billion
Forecasted Market Value ( USD ) by 2030	$ 140 Billion
Compound Annual Growth Rate	12.2%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 245 Featured):

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Table of Contents

Companies Mentioned (Partial List)

Table Information

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