Asia-Pacific Lithium-ion Battery Market, Forecast to 2025

Electric Vehicles, Energy Storage, and Industrial Applications Boost Demand

Increasing use of smartphones that offer the mobile Internet facility loaded with multiple applications has become a way of life around the world. The Asia-Pacific region includes countries with high populations, emerging economies, and increasing urbanization. All this paves the way for higher demand for smartphones and improved telecommunications and data center infrastructures, boosting the use of lithium-ion batteries directly or indirectly. Lithium-ion batteries have also become the norm for all consumer electronic equipment, including mobile phones, laptops, tablets, power banks, and wearable devices (e.g., smartwatches).

There is a growing penetration of lithium-ion batteries in industrial applications including cordless power drills, data center and backup power, energy storage, advanced medical devices, material handling equipment, and aerospace and defense. Although lithium-ion is yet to fully replace the existing battery chemistries, the number of equipment fitted with lithium-ion batteries each year is increasing significantly. This drives lithium-ion battery demand for the industrial applications segment.

Growing adoption of electric vehicles (EVs) is one of the key emerging trends in APAC, where each country has a supportive policy for the growth of EVs in place. This further drives the demand for lithium-ion batteries and creates growth opportunities for all major battery manufacturers in the region.

Research Highlights

The study tracks the demand for lithium-ion batteries emanating from the APAC region that includes Japan, South Korea, Taiwan, Southeast Asian countries (such as Thailand, Indonesia, Philippines, Singapore, and Malaysia), Australia, and New Zealand. Moreover, it throws light on lithium-ion battery market revenues generated from consumer, industrial, and automotive applications in the region. China, India, and South Asian countries are excluded from the scope of this study, and the revenue forecast is provided for the period of 2018 to 2025. The study tracks the role of key battery manufacturers such as Samsung SDI, LG Chem, SK Innovation, Panasonic Corporation, and Kokam. The transition of these manufacturers from consumer to industrial and then automotive applications are also highlighted.

Key Issues Addressed

• Is the market growing? If so, how long will it continue to grow and at what rate?
• Which are the key end-user applications using lithium-ion batteries extensively?
• Which are the key industries supporting growth? Is there a difference in demand patterns across countries?
• How will the structure of the market change with time? Is the market ripe for acquisitions?
• How does the demand pattern for lithium-ion batteries vary across each country according to end-user applications?
• Are the vendors in this space ready to operate alone, or do they need to leverage partnerships to take their businesses to the next level?