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Lithium-ion Battery Market by Type (Lithium Nickel Manganese Cobalt Oxide (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO)), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Aerospace) - Global Forecast to 2031

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    Report

  • 269 Pages
  • September 2022
  • Region: Global
  • Markets and Markets
  • ID: 5359627

Growing Adoption of Plug-In Vehicles to Drive the Market

The lithium-ion battery market size is expected to grow from USD 44.5 billion in 2022 to USD 135.1 billion by 2031; it is expected to grow at a CAGR of 13.1% from 2022 to 2031. The key factors driving the growth of the lithium-ion battery market are the surging demand for lithium-ion batteries from plug-in vehicles and the renewable energy sector and advancements observed in smart electronic devices which deploy lithium-ion batteries; and thus provides various advantages to the industries.

Lithium Iron Phosphate is expected to grow at a significant rate, followed by Lithium Nickel Manganese Cobalt Oxide from 2022 to 2031.

The Lithium Iron Phosphate battery type is expected to register the second-highest growth rate during the forecast period. Due to its high-power density, this technology is utilized in medium-power traction applications (AGV, E-mobility) and heavy-duty applications (marine traction, industrial vehicles, etc.). The long service life of LFP batteries and the possibility of deep cycling makes them suitable for energy storage applications (stand-alone applications, off-grid systems) or stationary use in general.

0-3,000 mAh to hold the second-largest share of the market in 2021.

The 0-3,000 mAh capacity range is the most popular and highly demanded in the market. About 90% of consumer electronics applications deploy batteries with capacity in the range of 0-3000 mAh since low-capacity batteries are potentially longer-lasting power sources for consumer electronics and are light in weight and portable.O-3000 mAh is the most popular type of lithium-ion battery in the consumer electronics industry.

Adoption of low (12V) batteries in small size applications.

Batteries below 12 V are highly utilized in electric vehicles and solar energy systems and in marine, military, telecom, trolling motors, and deep-cycle applications due to their various advantages. These batteries are preferred over the other variants since they have the most energy density with the lightest weight possible.

The power industry is estimated to hold largest CAGR during the forecast period.

The power industry holds the largest CAGR of the lithium-ion battery market from 2022 - 2031. Power is one of the key necessities and is crucial for the economic growth and welfare of a nation. The conventional sources of power are coal, natural gas, crude oil, etc., and non-conventional are wind, solar, etc. Countries across the world are focusing on achieving net-zero carbon emissions, thus, they are focusing on non-conventional sources of energy. These energies need huge storage systems, and lithium-ion batteries provide the ideal solutions for storage. Lithium-ion battery energy storage systems enable grid operators to save electricity when there is a surplus of renewable energy.

The Asia Pacific is expected to capture the largest market growth rate during the forecast period.

The Asia Pacific region is expected to hold the largest market growth rate of the lithium-ion battery market during the forecast period. The region is the prime supplier of lithium-ion batteries to some of the fastest-growing economies in the world. The countries in Asia Pacific are moving toward green energy and therefore are focusing on developing an ecosystem to manufacture lithium-ion batteries in respective countries. The region has become an attractive automotive market, emerging as a hub for automobile production in recent years. Recent infrastructure developments and industrialization activities in emerging countries have opened new avenues and opportunities for OEMs. The increasing purchasing power of the population has stimulated the demand for consumer electronics and automobiles, thereby generating demand for lithium-ion batteries.

The break-up of the profiles of primary participants for the report has been given below:

  • By Company Type: Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17%
  • By Designation: C-Level Executives = 47%, Directors= 31%, and Others= 22%
  • By Region: North America = 17%, Europe = 31%, Asia Pacific = 43%, and RoW = 09%

Major players operating in the lithium-ion battery market include LG Chem (South Korea), SAMSUNG SDI CO. LTD. (South Korea), Contemporary Amperex Technology Co., Limited. (China), BYD Company Ltd. (China), and Panasonic Holdings Corporation (Japan), among others.

Research Coverage:

The research report on the global lithium-ion battery market covers the market based on material, product type, type, capacity, voltage, industry, and region. Based on material, the market has been segmented into cathode material, anode material, electrolyte material, separator material, current collector material, and others. Based on product type, the market has been segmented into components of lithium-ion battery and portability. Based on type, the market has been segmented into lithium nickel manganese cobalt oxide, lithium iron phosphate, lithium cobalt oxide, lithium titanate oxide, lithium manganese oxide, and lithium nickel cobalt aluminum oxide. Based on capacity, the market has been segmented into0 to 3,000 MAH, 3,000 to 10,000 MAH, 10,000 to 60,000 MAH, and 60,000 MAH and above. Based on voltage, the market has been segmented into low (Below 12V), medium (12V-36V), and high (above 36V). Based on industry, the market has been segmented into consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunications. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

Key Benefits of Buying the Report:

This report segments the lithium-ion battery market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different materials, product type, type, capacity, voltage, industry, and region.

The report helps stakeholders understand the pulse of the market, and expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.

Frequently Asked Questions about the Global Lithium-ion Battery Market

What is the estimated value of the Global Lithium-ion Battery Market?

The Global Lithium-ion Battery Market was estimated to be valued at $44.5 Billion in 2022.

What is the growth rate of the Global Lithium-ion Battery Market?

The growth rate of the Global Lithium-ion Battery Market is 13.1%, with an estimated value of $135.1 Billion by 2031.

What is the forecasted size of the Global Lithium-ion Battery Market?

The Global Lithium-ion Battery Market is estimated to be worth $135.1 Billion by 2031.

Who are the key companies in the Global Lithium-ion Battery Market?

Key companies in the Global Lithium-ion Battery Market include Amperex Technology Limited, BAK Power Battery Co., Ltd., BYD Company Ltd., Calb, Clarios, Contemporary Amperex Technology Co., Limited., Enerdel, Inc., Envision Aesc Group Ltd and GS Yuasa International Ltd..

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Lithium-Ion Battery Market: Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Lithium-Ion Battery Market: Research Design
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 Major Secondary Sources
2.1.2.2 Key Data from Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews with Experts
2.1.3.2 Key Data from Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown of Primary Interviews
2.2 Market Size Estimation
Figure 3 Market Size Estimation Methodology: Approach (Supply-Side): Revenue Generated Through Sales of Products/Solutions/ Services Pertaining to Lithium-Ion Batteries
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size Using Bottom-Up Analysis
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.2.1.2 Approach for Capturing Market Sizing Using Top-Down Analysis
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 6 Lithium-Ion Battery Market: Data Triangulation
2.4 Research Assumptions and Limitations

3 Executive Summary
Figure 7 Lithium Cobalt Oxide Segment to Lead in 2022
Figure 8 3,000-10,000 Mah Segment to Grow at Highest CAGR
Figure 9 High (Above 36 V) Voltage Segment to Dominate
Figure 10 Power Segment to Grow at Highest CAGR
Figure 11 Market in Asia-Pacific to Grow at Highest CAGR

4 Premium Insights
4.1 Attractive Opportunities in Lithium-Ion Battery Market
Figure 12 Adoption of Electric Vehicles to Fuel Growth in Asia-Pacific
4.2 Lithium-Ion Battery Market, by Type
Figure 13 Lithium Nickel Manganese Cobalt Oxide Segment to Grow at Highest CAGR
4.3 Lithium-Ion Battery Market, by Capacity
Figure 14 10,000-60,000 Mah Segment to Lead Market
4.4 Lithium-Ion Battery Market, by Voltage
Figure 15 High Voltage (Above 36) to Account for Largest Share
4.5 Lithium-Ion Battery Market, by Industry
Figure 16 Power Segment to Grow at Highest CAGR
4.6 Lithium-Ion Battery Market, by Region
Figure 17 Asia-Pacific to Lead Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 18 Global Lithium-Ion Battery Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption in Plug-In Vehicles
Figure 19 Global Electric Car Stock, 2010-2021
5.2.1.2 Requirement of Battery-Operated Material-Handling Equipment
5.2.1.3 Advancements in Smart Electronic Devices
5.2.1.4 Adoption in Renewable Energy Sector
Figure 20 Impact of Drivers on Lithium-Ion Battery Market
5.2.2 Restraints
5.2.2.1 Increasing Concerns in Transportation and Storage of Spent Batteries
Figure 21 Impact of Restraints on Lithium-Ion Battery Market
5.2.3 Opportunities
5.2.3.1 Adoption in New Applications due to Decreasing Prices
5.2.3.2 Increasing R&D for Advancements
Figure 22 Impact of Opportunities on Lithium-Ion Battery Market
5.2.4 Challenges
5.2.4.1 Excessive Heating of Batteries
5.2.4.2 Increasing Cost of Battery-Operated Industrial Vehicles
5.2.4.3 Aging Lithium-Ion Batteries
Figure 23 Impact of Challenges on Lithium-Ion Battery Market
5.3 Value Chain Analysis
Figure 24 Value Chain Analysis: Lithium-Ion Battery Market
5.4 Ecosystem Analysis
Figure 25 Ecosystem: Lithium-Ion Battery Market
Table 1 Ecosystem: Lithium-Ion Battery
5.5 Pricing Analysis
Figure 26 Average Battery Pack Price (Usd/Kwh) 2013-2021
Figure 27 Lithium-Ion Battery: Cost Breakdown
5.5.1 Average Selling Prices of Key Players, by Type
Figure 28 Average Selling Prices of Key Players, by Type
Table 2 Average Selling Prices of Key Players by Type (USD)
5.6 Trends/Disruptions Impacting Customer's Business
Figure 29 Trends/Disruptions Impacting Customer's Business
5.7 Technology Analysis
5.7.1 Lithium Metal Batteries
5.7.2 Lithium-Sulfur Batteries
5.7.3 Sodium-Sulfur Batteries
5.7.4 Cobalt-Free Batteries
5.7.5 Metal-Air Batteries
5.7.6 Liquid-Metal Batteries
5.7.7 Potassium Metal Batteries
5.7.8 Zinc-Manganese Batteries
5.7.9 Vanadium-Flow Batteries
5.7.10 Gold Nanowire Gel Electrolyte Batteries
5.8 Porter's Five Forces Analysis
Table 3 Porter's Five Force Analysis with Their Impact (2021)
5.8.1 Bargaining Power of Suppliers
5.8.2 Bargaining Power of Buyers
5.8.3 Threat of New Entrants
5.8.4 Threat of Substitutes
5.8.5 Intensity of Competitive Rivalry
5.9 Key Stakeholders and Buying Criteria
5.9.1 Key Stakeholders in Buying Process
Figure 30 Influence of Stakeholders in Buying Process for Top Three End-users
Table 4 Influence of Stakeholders in Buying Process for Top Three End-users (%)
5.9.2 Buying Criteria
Figure 31 Key Buying Criteria for Top Three End-users
Table 5 Key Buying Criteria for Top Three End-users
5.10 Case Study Analysis
5.10.1 Tesla Provided 150 Mw / 300 Mwh Lithium-Ion Battery Storage Facility for Energy Grid in Australia
5.10.2 Off-Grid Lighting Solution in a School in Angola
5.10.3 Collaboration Between Nexcharge and Tata Power Delhi Distribution (Tpddl) to Launch Grid-Connected Lithium-Ion Battery Energy Storage System
5.10.4 Building 3D-Printed Battery Systems in Space
5.11 Trade Analysis
Figure 32 Import Data for Hs Code 850650, by Key Country, 2017-2021 (USD Million)
Figure 33 Export Data for Hs Code 850650, by Key Country, 2017-2021 (USD Million)
5.12 Patent Analysis
Figure 34 Top 10 Companies with Highest Number of Patent Applications During Last 10 Years
Figure 35 Number of Patents Granted Per Year from 2011 to 2020
Table 6 Top 20 Patent Owners During Last 10 Years
Table 7 Top 20 Patent Owners During Last 10 Years
5.13 Key Conferences & Events in 2022-2023
Table 8 Lithium-Ion Battery Market: Detailed List of Conferences & Events
5.14 Tariff and Regulatory Landscape
5.14.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.14.2 Market Regulations and Standards
Table 13 Regulations and Standards for Lithium-Ion Battery

6 Lithium-Ion Battery Market, by Material
6.1 Introduction
Table 14 Lithium-Ion Battery: Battery Materials
6.2 Cathode Material
Figure 36 Chemistries of Cathodes
6.2.1 Cathode Material for Lithium-Ion Batteries
6.2.1.1 Lithium Iron Phosphate
6.2.1.2 Lithium Cobalt Oxide
6.2.1.3 Lithium Nickel Manganese Cobalt
6.2.1.4 Lithium Nickel Cobalt Aluminum
6.2.1.5 Lithium Manganese Oxide
6.3 Anode Material
6.3.1 Anode Material for Lithium-Ion Batteries
6.3.1.1 Natural Graphite
6.3.1.2 Artificial Graphite
6.3.1.3 Other Anode Materials
6.4 Electrolyte Material
6.5 Separator Material
6.6 Current Collector Material
6.7 Other Materials

7 Lithium-Ion Battery Market, by Product Type
7.1 Introduction
7.2 Components of Lithium-Ion Batteries
Figure 37 Lithium-Ion Battery Market, by Product Type
7.2.1 Cells
7.2.1.1 Low Weight and Easy Installation
7.2.2 Battery Packs
7.2.2.1 Applications Requiring High Energy Density
7.3 Portability
7.3.1 Stationary
7.3.1.1 High Use in Renewable Energy Storage Systems
7.3.2 Portable
7.3.2.1 Wide Utilization in Portable Electronic Devices

8 Lithium-Ion Battery Market, by Type
8.1 Introduction
Figure 38 Lithium-Ion Battery Market, by Type
Figure 39 Lithium Nickel Manganese Cobalt Oxide Segment to Grow at Highest CAGR
Table 15 Lithium-Ion Battery Market, by Type, 2018-2021 (USD Million)
Table 16 Lithium-Ion Battery Market, by Type, 2022-2031 (USD Million)
8.2 Lithium Nickel Manganese Cobalt
8.2.1 High Energy Density or High-Power Boosts Demand
Table 17 Lithium Nickel Manganese Cobalt Battery Market, by Industry, 2018-2021 (USD Million)
Table 18 Lithium Nickel Manganese Cobalt Battery Market, by Industry, 2022-2031 (USD Million)
8.3 Lithium Iron Phosphate
8.3.1 Adoption for Equipment and High-Power Devices
Figure 40 Performance Parameters: Lfp Batteries
Table 19 Lithium Iron Phosphate Battery Market, by Industry, 2018-2021 (USD Million)
Table 20 Lithium Iron Phosphate Battery Market, by Industry, 2022-2031 (USD Million)
8.4 Lithium Cobalt Oxide
8.4.1 Rising Adoption in Consumer Electronics
Table 21 Lithium Cobalt Oxide Battery Market, by Industry, 2018-2021 (USD Million)
Table 22 Lithium Cobalt Oxide Battery Market, by Industry, 2022-2031 (USD Million)
8.5 Lithium Titanate Oxide
8.5.1 Highly Suitable for Electric Vehicles
Table 23 Lithium Titanate Oxide Battery Market, by Industry, 2018-2021 (USD Million)
Table 24 Lithium Titanate Oxide Battery Market, by Industry, 2022-2031 (USD Million)
8.6 Lithium Manganese Oxide
8.6.1 Higher Temperature Stability Fuels Demand
Table 25 Lithium Manganese Oxide Battery Market, by Industry, 2018-2021 (USD Million)
Table 26 Lithium Manganese Oxide Battery Market, by Industry, 2022-2031 (USD Million)
8.7 Lithium Nickel Cobalt Aluminum Oxide
8.7.1 Adoption in High Energy Density Applications
Table 27 Lithium Nickel Cobalt Aluminum Oxide Battery Market, by Industry, 2018-2021 (USD Million)
Table 28 Lithium Nickel Cobalt Aluminum Oxide Battery Market, by Industry, 2022-2031 (USD Million)

9 Lithium-Ion Battery Market, by Capacity
9.1 Introduction
Figure 41 Lithium-Ion Battery Market, by Capacity
Figure 42 3,000-10,000 Mah Segment to Grow at Highest CAGR
Table 29 Lithium-Ion Battery Market, by Capacity, 2018-2021 (USD Million)
Table 30 Lithium-Ion Battery Market, by Capacity, 2022-2031 (USD Million)
9.2 0 - 3,000 Mah
9.2.1 Increasing Adoption in Miniature Portable Electronics
Table 31 0-3,000 Mah Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 32 0-3,000 Mah Lithium-Ion Battery Market, by Industry, 2022-2031 (USD Million)
9.3 3,000 - 10,000 Mah
9.3.1 Demand in Automotive and Consumer Electronics
Table 33 3,000-10,000 Mah Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 34 3,000-10,000 Mah Lithium-Ion Battery Market, by Industry, 2022-2031 (USD Million)
9.4 10,000-60,000 Mah
9.4.1 Ideal for E-Vehicles
Table 35 10,000-60,000 Mah Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 36 10,000-60,000 Mah Lithium-Ion Battery Market, by Industry, 2022-2031 (USD Million)
9.5 60,000 Mah and Above
9.5.1 Utilized for Powering Heavy Electric Vehicles
Table 37 60,000 Mah and Above Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 38 60,000 Mah and Above Lithium-Ion Battery Market, by Industry, 2022-2031 (USD Million)

10 Lithium-Ion Battery Market, by Voltage
10.1 Introduction
Figure 43 Lithium-Ion Battery Market, by Voltage
Figure 44 High (Above 36 V) Segment to Account for Largest Share in 2022
Table 39 Lithium-Ion Battery Market, by Voltage, 2018-2021 (USD Million)
Table 40 Lithium-Ion Battery Market, by Voltage, 2022-2031 (USD Million)
10.2 Low (Below 12 V)
10.2.1 Increase in Adoption for Small Applications
10.3 Medium (12 V - 36 V)
10.3.1 High Adoption for Marine Applications
10.4 High (Above 36 V)
10.4.1 Demand for High Power Applications

11 Lithium-Ion Battery Market, by Industry
11.1 Introduction
Figure 45 Lithium-Ion Battery Market, by Industry
Figure 46 Power Segment to Grow at Highest CAGR
Table 41 Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 42 Lithium-Ion Battery, by Industry, 2022-2031 (USD Million)
11.2 Consumer Electronics
11.2.1 Rising Demand in Various Applications
11.2.2 Smartphones
11.2.2.1 Demand for Lightweight and High-Density Batteries
11.2.3 UPS
11.2.3.1 Adoption due to Longer Runtime and Faster Recharge Time
11.2.4 Laptops
11.2.4.1 Low Maintenance, Scheduled Cycling, and Display of No Memory Effect
11.2.5 Others (Games, Gardening Tools, and Drilling)
Table 43 Lithium-Ion Battery Market for Consumer Electronics, by Type, 2018-2021 (USD Million)
Table 44 Lithium-Ion Battery Market for Consumer Electronics, by Type, 2022-2031 (USD Million)
Table 45 Lithium-Ion Battery Market for Consumer Electronics, by Voltage, 2018-2021 (USD Million)
Table 46 Lithium-Ion Battery Market for Consumer Electronics, by Voltage, 2022-2031 (USD Million)
Table 47 Lithium-Ion Battery Market for Consumer Electronics, by Capacity, 2018-2021 (USD Million)
Table 48 Lithium-Ion Battery Market for Consumer Electronics, by Capacity, 2022-2031 (USD Million)
Table 49 Lithium-Ion Battery Market for Consumer Electronics, by Region, 2018-2021 (USD Million)
Table 50 Lithium-Ion Battery Market for Consumer Electronics, by Region, 2022-2031 (USD Million)
11.3 Automotive
11.3.1 Demand for Electric Vehicles
Table 51 Lithium-Ion Battery Configurations Across Auto Applications
11.3.2 Plug-In Hybrid Electric Vehicles
11.3.2.1 Adoption of Lto, Lfp, and Nmc Variants in Hybrid Electric Vehicles
Table 52 Lithium-Ion Battery Market for Automotive, by Type, 2018-2021 (USD Million)
Table 53 Lithium-Ion Battery Market for Automotive, by Type, 2022-2031 (USD Million)
Table 54 Lithium-Ion Battery Market for Automotive, by Voltage, 2018-2021 (USD Million)
Table 55 Lithium-Ion Battery Market for Automotive, by Voltage, 2022-2031 (USD Million)
Table 56 Lithium-Ion Battery Market for Automotive, by Capacity, 2018-2021 (USD Million)
Table 57 Lithium-Ion Battery Market for Automotive, by Capacity, 2022-2031 (USD Million)
Table 58 Lithium-Ion Battery Market for Automotive, by Region, 2018-2021 (USD Million)
Table 59 Lithium-Ion Battery Market for Automotive, by Region, 2022-2031 (USD Million)
11.4 Aerospace
11.4.1 Demand for Backup Power Supplies, Emergency Lighting, Auxiliary Power Equipment
11.4.2 Commercial Aircraft
11.4.2.1 Adoption due to Lightweight
Table 60 Lithium-Ion Battery Market for Aerospace, by Type, 2018-2021 (USD Million)
Table 61 Lithium-Ion Battery Market for Aerospace, by Type, 2022-2031 (USD Million)
Table 62 Lithium-Ion Battery Market for Aerospace, by Voltage, 2018-2021 (USD Million)
Table 63 Lithium-Ion Battery Market for Aerospace, by Voltage, 2022-2031 (USD Million)
Table 64 Lithium-Ion Battery Market for Aerospace, by Capacity, 2018-2021 (USD Million)
Table 65 Lithium-Ion Battery Market for Aerospace, by Capacity, 2022-2031 (USD Million)
Table 66 Lithium-Ion Battery Market for Aerospace, by Region, 2018-2021 (USD Million)
Table 67 Lithium-Ion Battery Market for Aerospace, by Region, 2022-2031 (USD Million)
11.5 Marine
11.5.1 Adoption in Workboats, Ferries, Offshore Support, Cruise, and Cargo Ships
11.5.2 Commercial
11.5.2.1 Power Supply for Longer Duration for Commercial Ships
11.5.3 Tourism
11.5.3.1 High Demand for Boats
Table 68 Lithium-Ion Battery Market for Marine, by Type, 2018-2021 (USD Million)
Table 69 Lithium-Ion Battery Market for Marine, by Type, 2022-2031 (USD Million)
Table 70 Lithium-Ion Battery Market for Marine, by Voltage, 2018-2021 (USD Million)
Table 71 Lithium-Ion Battery Market for Marine, by Voltage, 2022-2031 (USD Million)
Table 72 Lithium-Ion Battery Market for Marine, by Capacity, 2018-2021 (USD Million)
Table 73 Lithium-Ion Battery Market for Marine, by Capacity, 2022-2031 (USD Million)
Table 74 Lithium-Ion Battery Market for Marine, by Region, 2018-2021 (USD Million)
Table 75 Lithium-Ion Battery Market for Marine, by Region, 2022-2031 (USD Million)
11.6 Medical
11.6.1 Adoption in Hearing Aids, Pacemakers, and Surgical Tools
Table 76 Lithium-Ion Battery Market for Medical, by Type, 2018-2021 (USD Million)
Table 77 Lithium-Ion Battery Market for Medical, by Type, 2022-2031 (USD Million)
Table 78 Lithium-Ion Battery Market for Medical, by Voltage, 2018-2021 (USD Million)
Table 79 Lithium-Ion Battery Market for Medical, by Voltage, 2022-2031 (USD Million)
Table 80 Lithium-Ion Battery Market for Medical, by Capacity, 2018-2021 (USD Million)
Table 81 Lithium-Ion Battery Market for Medical, by Capacity, 2022-2031 (USD Million)
Table 82 Lithium-Ion Battery Market for Medical, by Region, 2018-2021 (USD Million)
Table 83 Lithium-Ion Battery Market for Medical, by Region, 2022-2031 (USD Million)
11.7 Industrial
11.7.1 Demand for Various Industrial Applications
11.7.2 Mining Equipment
11.7.2.1 Demand for Mining Equipment and Vehicles
11.7.3 Construction Equipment
11.7.3.1 Performance and Efficiency of Construction Equipment
11.7.4 Forklifts, Automated Guided Vehicles (Agv), and Automated Mobile Robots (Amr)
11.7.4.1 Demand for Automated Guided Vehicles (Agv) and Automated Mobile Robots (Amr)
Table 84 Lithium-Ion Battery Market for Industrial, by Type, 2018-2021 (USD Million)
Table 85 Lithium-Ion Battery Market for Industrial, by Type, 2022-2031 (USD Million)
Table 86 Lithium-Ion Battery Market for Industrial, by Voltage, 2018-2021 (USD Million)
Table 87 Lithium-Ion Battery Market for Industrial, by Voltage, 2022-2031 (USD Million)
Table 88 Lithium-Ion Battery Market for Industrial, by Capacity, 2018-2021 (USD Million)
Table 89 Lithium-Ion Battery Market for Industrial, by Capacity, 2022-2031 (USD Million)
Table 90 Lithium-Ion Battery Market for Industrial, by Region, 2018-2021 (USD Million)
Table 91 Lithium-Ion Battery Market for Industrial, by Region, 2022-2031 (USD Million)
11.8 Power
11.8.1 Smart Grids to Drive Market
Table 92 Lithium-Ion Battery Market for Power, by Type, 2018-2021 (USD Million)
Table 93 Lithium-Ion Battery Market for Power, by Type, 2022-2031 (USD Million)
Table 94 Lithium-Ion Battery Market for Power, by Voltage, 2018-2021 (USD Million)
Table 95 Lithium-Ion Battery Market for Power, by Voltage, 2022-2031 (USD Million)
Table 96 Lithium-Ion Battery Market for Power, by Capacity, 2018-2021 (USD Million)
Table 97 Lithium-Ion Battery Market for Power, by Capacity, 2022-2031 (USD Million)
Table 98 Lithium-Ion Battery Market for Power, by Region, 2018-2021 (USD Million)
Table 99 Lithium-Ion Battery Market for Power, by Region, 2022-2031 (USD Million)
11.9 Telecommunications
11.9.1 Outstanding Cyclic Life, Excellent Charge Acceptance, and High Reliability
Table 100 Lithium-Ion Battery Market for Telecommunications, by Type, 2018-2021 (USD Million)
Table 101 Lithium-Ion Battery Market for Telecommunications, by Type, 2022-2031 (USD Million)
Table 102 Lithium-Ion Battery Market for Telecommunications, by Voltage, 2018-2021 (USD Million)
Table 103 Lithium-Ion Battery Market for Telecommunications, by Voltage, 2022-2031 (USD Million)
Table 104 Lithium-Ion Battery Market for Telecommunications, by Capacity, 2018-2021 (USD Million)
Table 105 Lithium-Ion Battery Market for Telecommunications, by Capacity, 2022-2031 (USD Million)
Table 106 Lithium-Ion Battery Market for Telecommunications, by Region, 2018-2021 (USD Million)
Table 107 Lithium-Ion Battery Market for Telecommunications, by Region, 2022-2031 (USD Million)

12 Lithium-Ion Battery Market, by Region
12.1 Introduction
Figure 47 Australia to Exhibit Highest CAGR in Global Lithium-Ion Battery Market During Forecast Period
Table 108 Lithium-Ion Battery Market, by Region, 2018-2021 (USD Million)
Table 109 Lithium-Ion Battery Market, by Region, 2022-2031 (USD Million)
12.2 North America
Figure 48 North America: Lithium-Ion Battery Market Snapshot
Figure 49 Us Dominates North American Lithium-Ion Battery Market
Table 110 North America: Lithium-Ion Battery Market, by Country, 2018-2021 (USD Million)
Table 111 North America: Lithium-Ion Battery Market, by Country, 2022-2031 (USD Million)
Table 112 North America: Lithium-Ion Battery Market, by Type, 2018-2021 (USD Million)
Table 113 North America: Lithium-Ion Battery Market, by Type, 2022-2031 (USD Million)
Table 114 North America: Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 115 North America: Lithium-Ion Battery Market, by Industry, 2022-2031 (USD Million)
12.2.1 US
12.2.1.1 Power and Automotive Industries to Substantiate Lithium-Ion Battery Market Growth
12.2.2 Canada
12.2.2.1 Canada Expected to Record Highest CAGR in Region
12.2.3 Mexico
12.2.3.1 Growing Demand for Lithium-Ion Batteries from Manufacturing Sector
12.3 Europe
Figure 50 Europe: Lithium-Ion Battery Market Snapshot
Figure 51 France to Drive Growth of Lithium-Ion Market
Table 116 Europe: Lithium-Ion Battery Market, by Country, 2018-2021 (USD Million)
Table 117 Europe: Lithium-Ion Battery Market, by Country, 2022-2031 (USD Million)
Table 118 Europe: Lithium-Ion Battery Market, by Type, 2018-2021 (USD Million)
Table 119 Europe: Lithium-Ion Battery Market, by Type, 2022-2031 (USD Million)
Table 120 Europe: Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 121 Europe: Lithium-Ion Battery Market, by Industry, 2022-2031 (USD Million)
12.3.1 Germany
12.3.1.1 Large Presence of Electric Vehicle and Battery Manufacturers
12.3.2 UK
12.3.2.1 Rising Government Initiatives for Growth of Electric Vehicles Industry
12.3.3 France
12.3.3.1 Growing Need to Store Electricity Driving Market Growth
12.3.4 Rest of Europe
12.4 Asia-Pacific
Figure 52 Asia-Pacific: Lithium-Ion Battery Market Snapshot
Figure 53 China Has Largest Share of Lithium-Ion Battery Market
Table 122 Asia-Pacific: Lithium-Ion Battery Market, by Country, 2018-2021 (USD Million)
Table 123 Asia-Pacific: Lithium-Ion Battery Market, by Country, 2022-2031 (USD Million)
Table 124 Asia-Pacific: Lithium-Ion Battery Market, by Type, 2018-2021 (USD Million)
Table 125 Asia-Pacific: Lithium-Ion Battery Market, by Type, 2022-2031 (USD Million)
Table 126 Asia-Pacific: Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 127 Asia-Pacific: Lithium-Ion Battery Market, by Industry, 2022-2031 (USD Million)
12.4.1 China
12.4.1.1 China Had Largest Market Share
12.4.2 Japan
12.4.2.1 Expansion of R&D Resources by Battery Giants Supports Market Growth
12.4.3 India
12.4.3.1 Rising Adoption of Electric Transport
12.4.4 Australia
12.4.4.1 Growing Adoption of Clean Energy to Drive Lithium-Ion Battery Market
12.4.5 Indonesia
12.4.5.1 Easy Availability of Raw Materials
12.4.6 Thailand
12.4.6.1 Rising Focus on Production of Electric Vehicles
12.4.7 Rest of Asia-Pacific
12.5 Rest of the World
Figure 54 South America to Dominate Lithium-Ion Battery Market in Rest of the World
Table 128 Rest of the World: Lithium-Ion Battery Market, by Region, 2018-2021 (USD Million)
Table 129 Rest of the World: Lithium-Ion Battery Market, by Region, 2022-2031 (USD Million)
Table 130 Rest of the World: Lithium-Ion Battery Market, by Type, 2018-2021 (USD Million)
Table 131 Rest of the World: Lithium-Ion Battery Market, by Type, 2022-2031 (USD Million)
Table 132 Rest of the World: Lithium-Ion Battery Market, by Industry, 2018-2021 (USD Million)
Table 133 Rest of the World: Lithium-Ion Battery Market, by Industry, 2022-2031 (USD Million)
12.5.1 Middle East & Africa
12.5.1.1 Increasing Investments in Advanced Technologies for Producing Renewable and Green Energy
12.5.2 South America
12.5.2.1 Rising Investments in Lithium Reserves and Mining Sector

13 Competitive Landscape
13.1 Introduction
Table 134 Key Developments in Lithium-Ion Battery Market (2019-2022)
13.2 Revenue Analysis of Top Companies
Figure 55 Lithium-Ion Battery Market: Revenue Analysis (2021)
13.3 Market Share Analysis of Top Players, 2021
Table 135 Lithium-Ion Battery Market: Degree of Competition
13.4 Company Evaluation Quadrant, 2021
13.4.1 Stars
13.4.2 Emerging Leaders
13.4.3 Pervasive Players
13.4.4 Participants
Figure 56 Lithium-Ion Battery Market (Global): Company Evaluation Quadrant, 2021
13.5 Small and Medium-Sized Enterprises (Smes) Evaluation Quadrant, 2021
13.5.1 Progressive Companies
13.5.2 Responsive Companies
13.5.3 Dynamic Companies
13.5.4 Starting Blocks
Figure 57 Lithium-Ion Battery Market (Global): Sme Evaluation Quadrant, 2021
13.6 Lithium-Ion Battery Market: Company Footprint
Table 136 Company Product Footprint
Table 137 Company Industry Footprint
Table 138 Company Region Footprint
Table 139 Company Footprint
13.7 Competitive Benchmarking
Table 140 Lithium-Ion Battery Market: Detailed List of Key Startup/Smes
Table 141 Lithium-Ion Battery Market: Competitive Benchmarking of Key Startups/Smes
13.8 Competitive Scenario and Trends
13.8.1 Product Launches
Table 142 Lithium-Ion Battery Market: Product Launches, September 2019 to March 2022
13.8.2 Deals
Table 143 Lithium-Ion Battery Market: Deals, May 2019-September 2021
13.8.3 Others
Table 144 Lithium-Ion Battery Market: Deals, September 2020-February 2022

14 Company Profiles
14.1 Key Players
(Business Overview, Products/Services/Solutions Offered, Analyst's View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
14.1.1 Bak Power Battery Co., Ltd.
Table 145 Bak Power Battery Co., Ltd.: Business Overview
Table 146 Bak Power Battery Co., Ltd.: Product Offering
14.1.2 Byd Company Ltd.
Table 147 Byd Company Ltd.: Business Overview
Figure 58 Byd Company Ltd.: Company Snapshot
Table 148 Byd Company Ltd.: Product Offering
14.1.3 Clarios
Table 149 Clarios: Business Overview
Table 150 Clarios: Product Offering
14.1.4 Contemporary Amperex Technology Co., Limited.
Table 151 Contemporary Amperex Technology Co., Limited.: Business Overview
Figure 59 Contemporary Amperex Technology Co., Limited.: Company Snapshot
Table 152 Contemporary Amperex Technology Co., Limited.: Product Offering
14.1.5 Gs Yuasa International Ltd.
Table 153 Gs Yuasa International Ltd.: Business Overview
Figure 60 Gs Yuasa International Ltd.: Company Snapshot
Table 154 Gs Yuasa International Ltd.: Product Offering
14.1.6 Hitachi Ltd.
Table 155 Hitachi Ltd.: Business Overview
Figure 61 Hitachi Ltd.: Company Snapshot
Table 156 Hitachi Ltd.: Product Offering
14.1.7 Lg Chem
Table 157 Lg Chem: Business Overview
Figure 62 Lg Chem: Company Snapshot
Table 158 Lg Chem: Product Offering
14.1.8 Panasonic Holdings Corporation
Table 159 Panasonic Holdings Corporation: Business Overview
Figure 63 Panasonic Holdings Corporation: Company Snapshot
Table 160 Panasonic Holdings Corporation: Product Offering
14.1.9 Samsung Sdi Co. Ltd
Table 161 Samsung Sdi Co. Ltd.: Business Overview
Figure 64 Samsung Sdi Co. Ltd.: Company Snapshot
Table 162 Samsung Sdi Co. Ltd.: Product Offering
14.1.10 Toshiba Corporation
Table 163 Toshiba Corporation: Business Overview
Figure 65 Toshiba Corporation: Company Snapshot
Table 164 Toshiba Corporation: Product Offering
*Business Overview, Products/Services/Solutions Offered, Analyst's View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments Might Not be Captured in Case of Unlisted Companies.
14.2 Other Players
14.2.1 Calb
14.2.2 Tesla, Inc.
14.2.3 Lithiumwerks
14.2.4 Saft
14.2.5 Varta Ag
14.2.6 Farasis Energy (Ganzhou)Co., Ltd.
14.2.7 Sila Nanotechnologies Inc.
14.2.8 Amperex Technology Limited
14.2.9 Envision Aesc Group Ltd
14.2.10 Guoxuan High Tech Co., Ltd.
14.2.11 Lithium Energy Japan
14.2.12 Enerdel, Inc.
14.2.13 Kokam
14.2.14 Ipower Batteries Pvt Ltd
14.2.15 Nextera Energy, Inc.

15 Adjacent and Related Markets
15.1 Introduction
15.2 Limitations
15.3 Battery Energy Storage System Market, by Energy Capacity
15.3.1 Introduction
Table 165 Battery Energy Storage System Market, by Energy Capacity, 2018-2021 (USD Million)
Table 166 Battery Energy Storage System Market, by Energy Capacity, 2022-2027 (USD Million)
15.3.2 Below 100 Mwh
15.3.2.1 Growing Demand in Residential Applications
Table 167 Battery Energy Storage System Market for Below 100 Mwh Energy Capacity, by Battery Type, 2018-2021 (USD Million)
Table 168 Battery Energy Storage System Market for Below 100 Mwh Energy Capacity, by Battery Type, 2022-2027 (USD Million)
Table 169 Battery Energy Storage System Market for Below 100 Mwh Energy Capacity, by Connection Type, 2018-2021 (USD Million)
Table 170 Battery Energy Storage System Market for Below 100 Mwh Energy Capacity, by Connection Type, 2022-2027 (USD Million)
Table 171 Battery Energy Storage System Market for Below 100 Mwh Energy Capacity, by Application, 2018-2021 (USD Million)
Table 172 Battery Energy Storage System Market for Below 100 Mwh Energy Capacity, by Application, 2022-2027 (USD Million)
15.3.3 Between 100 and 500 Mwh
15.3.3.1 Batteries Between 100 and 500 Mwh Have Necessitated Frequency Control Services
Table 173 Battery Energy Storage System Market for Between 100 Mwh and 500 Mwh Energy Capacity, by Battery Type, 2018-2021 (USD Million)
Table 174 Battery Energy Storage System Market for Between 100 Mwh and 500 Mwh Energy Capacity, by Battery Type, 2022-2027 (USD Million)
Table 175 Battery Energy Storage System Market for Between 100 Mwh and 500 Mwh Energy Capacity, by Connection Type, 2018-2021 (USD Million)
Table 176 Battery Energy Storage System Market for Between 100 Mwh and 500 Mwh Energy Capacity, by Connection Type, 2022-2027 (USD Million)
Table 177 Battery Energy Storage System Market for Between 100 Mwh and 500 Mwh Energy Capacity, by Application, 2018-2021 (USD Million)
Table 178 Battery Energy Storage System Market for Between 100 Mwh and 500 Mwh Energy Capacity, by Application, 2022-2027 (USD Million)
15.3.4 Above 500 Mwh
15.3.4.1 Large-Scale Battery Storage Systems Help Continuity of Power Distribution in Large Grids
Table 179 Battery Energy Storage System Market for Above 500 Mwh Energy Capacity, by Battery Type, 2018-2021 (USD Million)
Table 180 Battery Energy Storage System Market for Above 500 Mwh Energy Capacity, by Battery Type, 2022-2027 (USD Million)
Table 181 Battery Energy Storage System Market for Above 500 Mwh Energy Capacity, by Connection Type, 2018-2021 (USD Million)
Table 182 Battery Energy Storage System Market for Above 500 Mwh Energy Capacity, by Connection Type, 2022-2027 (USD Million)
Table 183 Battery Energy Storage System Market for Above 500 Mwh Energy Capacity, by Application, 2018-2021 (USD Million)
Table 184 Battery Energy Storage System Market for Above 500 Mwh Energy Capacity, by Application, 2022-2027 (USD Million)

16 Appendix
16.1 Discussion Guide
16.2 Knowledgestore: The Subscription Portal
16.3 Customization Options

Executive Summary

Companies Mentioned

  • Amperex Technology Limited
  • BAK Power Battery Co., Ltd.
  • BYD Company Ltd.
  • Calb
  • Clarios
  • Contemporary Amperex Technology Co., Limited.
  • Enerdel, Inc.
  • Envision Aesc Group Ltd
  • Farasis Energy (Ganzhou)Co., Ltd.
  • GS Yuasa International Ltd.
  • Guoxuan High Tech Co., Ltd.
  • Hitachi Ltd.
  • Ipower Batteries Pvt Ltd
  • Kokam
  • LG Chem
  • Lithium Energy Japan
  • Lithiumwerks
  • Nextera Energy, Inc.
  • Other Players
  • Panasonic Holdings Corporation
  • Saft
  • Samsung Sdi Co. Ltd
  • Sila Nanotechnologies Inc.
  • Tesla, Inc.
  • Toshiba Corporation
  • Varta Ag