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

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    Report

  • 800 Pages
  • August 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805605
The global market for Lithium-Ion (Li-ion) Batteries is estimated at US$57.3 Billion in 2023 and is projected to reach US$144.1 Billion by 2030, growing at a CAGR of 14.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the lithium-ion batteries market is driven by several factors, including the surging demand for electric vehicles, the increasing reliance on renewable energy sources, and significant advancements in battery technology. The global shift towards electric mobility is a primary driver, as governments and automotive manufacturers invest heavily in EV infrastructure and production. The rising adoption of renewable energy systems, such as solar and wind power, necessitates efficient energy storage solutions to manage the intermittency of these sources, thereby boosting the demand for Li-ion batteries. Additionally, continuous improvements in battery performance, such as increased energy density, faster charging times, and enhanced safety features, have made Li-ion batteries more attractive for a broader range of applications. Consumer behavior trends, including the growing preference for portable and smart electronic devices, further propel market growth. Moreover, substantial investments in research and development by both private enterprises and public institutions aim to address existing limitations and discover new applications, solidifying the market’s expansion trajectory.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Consumer Electronics End-Use segment, which is expected to reach US$35.6 Billion by 2030 with a CAGR of a 11.5%. The Automotive End-Use segment is also set to grow at 16.2% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $8.6 Billion in 2023, and China, forecasted to grow at an impressive 17.5% 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.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Competitive Landscape
  • Lithium-Ion (Li-ion) Batteries - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (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