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Lithium-Ion Battery Market with COVID-19 Impact Analysis, by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Power, Industrial), & Region (North America, Europe, APAC & RoW) - Global Forecast to 2030

  • ID: 5359627
  • Report
  • July 2021
  • Region: Global
  • 242 Pages
  • Markets and Markets
The Global Lithium-Ion Battery Market Size is Projected to Grow from USD 41.1 Billion in 2021 to USD 116.6 Billion by 2030, at a CAGR of 12.3%

FEATURED COMPANIES

  • BAK Power
  • Clarios
  • Farasis Energy
  • LG Chem
  • Nextera Energy
  • Samsung Sdi
  • MORE

The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030. The growth of the lithium-ion battery market is majorly driven by the surging requirement for continuous power supply from critical infrastructures in wake of COVID-19, increasing demand for plug-in vehicles, growing need for battery-operated material-handling equipment in industries due to automation, continued development of smart devices, and growing adoption of lithium-ion batteries in the renewable energy sector.

In the prevailing COVID-19 situation, the expected growth of the lithium-ion battery market is expected to decline as the pandemic is restricting the supply of batteries and other components due to severe disruptions in businesses and the global economy. The current situation has impacted the supply chain of the battery industry. Key components for batteries are mainly manufactured in the Asia Pacific. The COVID-19 situation has exposed the overdependency on the region for key raw materials, especially China. Battery manufacturers in the US, Germany, and Australia are highly impacted by the shutdown of operations in China and other Asia Pacific countries. It has also resulted in limited production leading to a serious decline in business inputs. The recovery depends on government assistance, as well as the level of corporate debt and how the companies and markets cope with the trimmed demand.

Lithium Cobalt Oxide (LCO) Battery is expected to hold the largest market share during the forecast period.

The Lithium Cobalt Oxide (LCO) segment held the largest size of the market in 2020. LCO batteries have high energy density and are preferred in the consumer electronics industry, which is a major end-user of the lithium-ion battery market. The Lithium Nickel Manganese Cobalt (Li-NMC) segment is expected to register the highest growth rate during the forecast period. The automotive industry accounts for a substantial portion of the overall lithium-ion battery demand. Electric vehicles require high power, which can only be provided by the NMC battery type. These batteries have a very low self-heating rate and are used in electric vehicle models such as Nissan Leaf, Chevy Volt, and BMW. 

The power segment is expected to grow at the highest CAGR during the forecast period.

The lithium-ion battery market for the power segment is expected to grow at the highest CAGR from 2021 to 2030. The need to fulfill the requirement for peak electricity demands is the major factor contributing to the growth of the segment. The flexibility offered by these batteries to the grid in terms of energy storage helps to deal with fluctuations associated with renewable energy sources, such as solar and wind energy, is catalyzing the adoption of lithium-ion battery energy storage systems. Lithium-ion battery energy storage systems enable grid operators to save electricity when there is a surplus of renewable energy. The COVID-19 outbreak has impacted the supply chain of lithium-ion batteries and components. Besides, due to delays in projects, developers are not able to meet the deadlines for claiming tax credits and renewable incentives. However, the market for the utility sector is expected to recover between 2021 and 2022 with the start of ongoing and planned projects.

APAC is projected to grow at the highest CAGR during the forecast period.

The lithium-ion battery market in APAC is expected to grow at the highest CAGR during 2021−2030. China and Japan are the world’s second-and third-largest markets, respectively, for electric vehicles. Continuous developments in the consumer electronics and automotive verticals have led to an increase in the application of lithium-ion batteries as they offer various advantages, such as high power capacity, increased safety, and reduced pollution. However, the outbreak of COVID-19 has impacted the manufacturing facilities of all verticals across the world, forcing them to shut down. However, production has resumed in a few facilities in China, thereby initiating the manufacturing of some essentials. Several countries in the APAC region are planning off-grid electrification, especially in remote areas. Investments in energy storage systems are expected to increase substantially in the region as governments in developing economies are formulating new policies to improve the reliability and quality of power distribution facilities for residential customers.

Break-up of the profiles of primary participants:

  • By Company Type - Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25% 
  • By Designation - C-level Executives - 45%, Managers - 35%, and Others - 20% 
  • By Region - North America - 30%, Europe - 20%, APAC - 40%, and RoW - 10% 

BYD Company (China), LG Chem (South Korea), Contemporary Amperex Technology Co. Ltd. (CATL) (China), Samsung SDI (South Korea), Panasonic Corporation (Japan), BAK Group (China), GS Yuasa Corporation (GS Yuasa) (Japan), Hitachi (Japan), Clarios (Germany), and Toshiba Corporation (Japan), are some of the major players in the lithium-ion battery market.

The Lithium-ion battery market has been segmented into type, capacity, voltage, industry and region. The Lithium-ion battery market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). 

Reasons to buy the report:

  • Illustrative segmentation, analysis, and forecast of the market based on device type, technology, sales channel, and application, and region have been conducted to give an overall view of the lithium-ion battery market.
  • A value chain analysis has been performed to provide in-depth insights into the lithium-ion battery market ecosystem. 
  • The report includes pricing analysis, patent analysis, ecosystem analysis as well as technology and case study analysis pertaining to the lithium-ion battery.
  • The key drivers, restraints, opportunities, and challenges pertaining to the lithium-ion battery market have been detailed in this report.
  • Detailed information regarding the COVID-19 impact and related updates on the lithium-ion battery market has been provided in the report. 
  • The report includes a detailed competitive landscape of the market, along with key players, as well as an in-depth analysis of their revenues and market share.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BAK Power
  • Clarios
  • Farasis Energy
  • LG Chem
  • Nextera Energy
  • Samsung Sdi
  • MORE

1 Introduction
1.1 Study Objectives
1.2 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 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Volume Unit 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 Key Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews with Experts
2.1.3.2 Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size Using Bottom-Up Analysis
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size Using Top-Down Analysis
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation Methodology for Lithium-Ion Battery Market Using Supply-Side Analysis
2.3 Market Breakdown and Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumption
2.5 Risk Assessments
Table 1 Limitations and Associated Risks

3 Executive Summary
Figure 7 Lithium-Ion Battery Market, 2017-2030
Figure 8 Effect of COVID-19 on Lithium-Ion Battery Market
3.1 Pre-COVID-19 Scenario
Table 2 Pre-COVID-19 Scenario: Lithium-Ion Battery Market, 2021-2025 (USD Million)
Table 3 Pre-COVID-19 Scenario: Lithium-Ion Battery Market, 2026-2030 (USD Million)
3.2 Post-COVID-19 Scenario
Table 4 Post-COVID-19 Scenario: Lithium-Ion Battery Market, 2021-2025 (USD Million)
Table 5 Post-COVID-19 Scenario: Lithium-Ion Battery Market, 2026-2030 (USD Million)
3.3 Optimistic Scenario (Post-COVID-19)
Table 6 Optimistic Scenario (Post-COVID-19): Lithium-Ion Battery Market, 2021-2025 (USD Million)
Table 7 Optimistic Scenario (Post-COVID-19): Lithium-Ion Battery Market, 2026-2030 (USD Million)
3.4 Pessimistic Scenario (Post-COVID-19)
Table 8 Pessimistic Scenario (Post-COVID-19): Lithium-Ion Battery Market, 2021-2026 (USD Million)
Table 9 Pessimistic Scenario (Post-COVID-19): Lithium-Ion Battery Market, 2026-2030 (USD Million)
Figure 9 Lithium Nickel Manganese Cobalt Segment Expected to Dominate Lithium-Ion Battery Market During Forecast Period
Figure 10 Power Segment is Expected to Grow at Highest CAGR from 2021 to 2030
Figure 11 Lithium-Ion Battery Market in APAC to Grow at Highest CAGR During Forecast Period

4 Premium Insights
4.1 Attractive Growth Opportunities in Lithium-Ion Battery Market
Figure 12 Heightened Adoption of Electric Vehicles and Renewable Energy Storage Systems to Fuel Growth of Lithium-Ion Battery Market from 2021 to 2030
4.2 Lithium-Ion Battery Market, by Type
Figure 13 Li-Nmc Segment to Account for Largest Size of Lithium-Ion Battery Market by 2030
4.3 Lithium-Ion Battery Market, by Capacity
Figure 14 3,000-10,000 Mah Segment to Grow at Highest CAGR from 2021 to 2030
4.4 Lithium-Ion Battery Market in Apac, by Industry and Country
Figure 15 Industrial Segment and China to Hold Largest Shares of Lithium-Ion Battery Market in APAC in 2030
4.5 Lithium-Ion Battery Market, by Industry
Figure 16 Automotive Segment to Hold Largest Size of Lithium-Ion Battery Market in 2030
4.6 Lithium-Ion Battery Market, by Country
Figure 17 Lithium-Ion Battery Market in China to Grow at Highest CAGR from 2021 to 2030

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 18 Lithium-Ion Battery Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Surging Requirement for Continuous Power Supply from Critical Infrastructures in Wake of COVID-19
5.2.1.2 Increasing Demand for Plug-In Vehicles
Figure 19 Global Electric Passenger Car Stock, 2010-2020
5.2.1.3 Growing Need for Battery-Operated Material-Handling Equipment in Industries due to Automation
5.2.1.4 Continued Development of Smart Devices and Other Industrial Goods
5.2.1.5 Growing Adoption of Lithium-Ion Batteries in Renewable Energy Sector
Figure 20 Impact of Drivers on Lithium-Ion Battery Market
5.2.2 Restraints
5.2.2.1 Safety Issues Related to Storage and Transportation of Spent Batteries
Figure 21 Impact of Restraints on Lithium-Ion Battery Market
5.2.3 Opportunities
5.2.3.1 Declining Prices of Lithium-Ion Batteries
5.2.3.2 Growing Number of R&D Initiatives by Manufacturers for Improvements in Li-Ion Batteries
Figure 22 Impact of Opportunities on Lithium-Ion Battery Market
5.2.4 Challenges
5.2.4.1 Disruptions in Supply Chain of Batteries and Related Components Caused by COVID-19
5.2.4.2 Overheating of Lithium-Ion Batteries
5.2.4.3 High Costs Associated with Battery-Operated Industrial Vehicles
5.2.4.4 Aging of 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 Battery Ecosystem
Table 10 Ecosystem: Lithium-Ion Battery
5.5 Revenue Shift and New Revenue Pockets for Lithium-Ion Battery Market
5.6 Porter's Five Forces Analysis
Table 11 Impact of Each Force on Market (2020)
5.7 Case Study Analysis
Table 12 Collaboration Between Nexcharge and Tata Power Delhi Distribution (Tpddl) Launched Grid-Connected Lithium-Ion Battery Energy Storage System
Table 13 Market Assessment of Medical Devices Using Printed Battery
5.8 Technology Analysis
5.8.1 Lithium Metal Battery
5.8.2 Lithium-Sulfur Batteries
5.8.3 Sodium-Sulfur Batteries
5.8.4 Cobalt-Free Batteries
5.8.5 Metal-Air Batteries
5.8.6 Liquid Metal Batteries
5.8.7 Potassium Metal Batteries
5.8.8 Zinc Manganese Batteries
5.8.9 Vanadium Flow Batteries
5.8.10 Gold Nanowire Gel Electrolyte Batteries
5.9 Pricing Analysis
Figure 26 Lithium-Ion Battery Price Trend, 2011 to 2020
Figure 27 Battery Energy Storage System: Cost Breakdown
5.10 Trade Analysis
Figure 28 Import Data, by Country, 2016-2020 (USD Million)
Figure 29 Export Data, 2016-2020 (USD Million)
5.11 Patent Analysis
Figure 30 Top 10 Companies with Highest Number of Patent Applications in Last 10 Years
Table 14 Top 20 Patent Owners in Us in Last 10 Years
Figure 31 Number of Patents Granted Per Year from 2011 to 2020
5.12 Tariff and Regulatory Landscape
5.12.1 Tariff Landscape
Table 15 Tariff Imposed by China on Export of Lithium Cells and Batteries, by Country, 2020
Table 16 Tariff Imposed by Us on Export of Lithium Cells and Batteries, by Country, 2020
Table 17 Tariff Imposed by Germany on Export of Lithium Cells and Batteries, by Country, 2020
5.12.2 Regulatory Landscape
Table 18 Regulations and Standards for Batteries

6 Shift in Lithium-Ion Battery Market Post COVID-19
6.1 Disruptions in Industry
Figure 32 Share of Lithium-Ion Battery Components in China (2019)
Figure 33 Global Lithium Consumption in Key Geographies, 2019
Figure 34 Share of Major Lithium-Producing Companies in Global Market, 2019
6.2 Supply Chain Constraints and Strategies Undertaken to Overcome Them
6.3 New Market Opportunities/Growth Opportunities

7 Materials Used in Lithium-Ion Batteries
7.1 Introduction
Table 19 Li-Ion Battery: Battery Materials
7.2 Cathode Material
Figure 35 Chemistry of Cathodes
7.2.1 Cathode Material for Lithium-Ion Batteries
7.2.1.1 Lithium Iron Phosphate (Lfp)
7.2.1.2 Lithium Iron Cobalt Oxide (Lco)
7.2.1.3 Lithium Nickel Manganese Cobalt (Nmc)
7.2.1.4 Lithium Nickel Cobalt Aluminum (Nca)
7.2.1.5 Lithium Manganese Oxide (Lmo)
7.3 Anode Materials
7.3.1 Anode Material for Lithium-Ion Batteries
7.3.1.1 Natural Graphite
7.3.1.2 Artificial Graphite
7.3.1.3 Other Anode Materials
7.4 Electrolyte Material
7.5 Separator Materials
7.6 Current Collector Materials
7.7 Other Materials

8 Resources Used for Lithium-Ion Batteries
8.1 Introduction
Figure 36 End-Use Applications of Lithium
8.2 Proven Reserves
Figure 37 Reserve Vs. Production
8.2.1 Chile
8.2.2 China
8.2.3 Argentina
8.2.4 Australia
8.2.5 Others
8.3 Pricing Trend
Figure 38 Lithium Price Per Metric Ton, 2010-2018 (USD)
8.4 Companies Exploring Lithium
Figure 39 Top Lithium Suppliers
8.4.1 Jiangxi Ganfeng Lithium
8.4.2 Tianqi Lithium
8.4.3 Albemarle
8.4.4 Sqm
8.4.5 Livent

9 Lithium-Ion Battery Market, by Type
9.1 Introduction
Figure 40 Lithium-Ion Battery Market, by Type
Table 20 Lithium-Ion Battery Market, by Type, 2017-2020 (USD Million)
Table 21 Lithium-Ion Battery Market, by Type, 2021-2030 (USD Million)
9.2 Lithium Nickel Manganese Cobalt Oxide (Li-Nmc)
9.2.1 High Energy Density Boosts Demand for Nmc Batteries
Figure 41 Performance Parameters: Li-Nmc Batteries
Table 22 Lithium Nickel Manganese Cobalt (Li-Nmc) Battery Market, by Industry, 2017-2020 (USD Million)
Table 23 Lithium Nickel Manganese Cobalt (Li-Nmc) Battery Market, by Industry, 2021-2030 (USD Million)
Figure 42 Europe to Hold Largest Size of Lithium Nickel Manganese Cobalt Battery Market in 2021
Table 24 Lithium Nickel Manganese Cobalt (Li-Nmc) Battery Market, by Region, 2017-2020 (USD Million)
Table 25 Lithium Nickel Manganese Cobalt (Li-Nmc) Battery Market, by Region, 2021-2030 (USD Million)
9.3 Lithium Iron Phosphate (Lfp)
9.3.1 Excellent Electrochemical Performance and Low Resistance Attributes Boost Adoption of Lfp Batteries
Figure 43 Performance Parameters: Lfp Batteries
Table 26 Lithium Iron Phosphate (Lfp) Battery Market, by Industry, 2017-2020 (USD Million)
Table 27 Lithium Iron Phosphate (Lfp) Battery Market, by Industry, 2021-2030 (USD Million)
Table 28 Lithium Iron Phosphate (Lfp) Battery Market, by Region, 2017-2020 (USD Million)
Table 29 Lithium Iron Phosphate (Lfp) Battery Market, by Region, 2021-2030 (USD Million)
9.4 Lithium Cobalt Oxide (Lco)
9.4.1 Lco Batteries are Mainly Used in Consumer Electronics
Figure 44 Performance Parameters: Lco Batteries
Table 30 Lithium Cobalt Oxide (Lco) Battery Market, by Industry, 2017-2020 (USD Million)
Table 31 Lithium Cobalt Oxide (Lco) Battery Market, by Industry, 2021-2030 (USD Million)
Table 32 Lithium Cobalt Oxide (Lco) Battery Market, by Region, 2017-2020 (USD Million)
Table 33 Lithium Cobalt Oxide (Lco) Battery Market, by Region, 2021-2030 (USD Million)
9.5 Lithium Titanate Oxide (Lto)
9.5.1 Longer Lifecycle Than Other Li-Ion Battery Types Makes Lto Batteries Suitable for Electric Vehicles
Figure 45 Performance Parameters: Lto Batteries
Table 34 Lithium Titanate Oxide (Lto) Battery Market, by Industry, 2017-2020 (USD Million)
Figure 46 Automotive Segment is Expected to Grow at Highest CAGR in Lithium Titanate Oxide Battery Market
Table 35 Lithium Titanate Oxide (Lto) Battery Market, by Industry, 2021-2030 (USD Million)
Table 36 Lithium Titanate Oxide (Lto) Battery Market, by Region, 2017-2020 (USD Million)
Table 37 Lithium Titanate Oxide (Lto) Battery Market, by Region, 2021-2030 (USD Million)
9.6 Lithium Manganese Oxide (Lmo)
9.6.1 Higher Temperature Stability Fuel Demand for Lmo Batteries
Figure 47 Performance Parameters: Lmo Batteries
Table 38 Lithium Manganese Oxide (Lmo) Battery Market, by Industry, 2017-2020 (USD Million)
Table 39 Lithium Manganese Oxide (Lmo) Battery Market, by Industry, 2021-2030 (USD Million)
Table 40 Lithium Manganese Oxide (Lmo) Battery Market, by Region, 2017-2020 (USD Million)
Table 41 Lithium Manganese Oxide (Lmo) Battery Market, by Region, 2021-2030 (USD Million)
9.7 Lithium Nickel Cobalt Aluminum Oxide (Nca)
9.7.1 High Energy Density of Nca Batteries Increases Demand in Automotive Industry
Figure 48 Performance Parameters: Nca Batteries
Table 42 Lithium Nickel Cobalt Aluminum Oxide (Nca) Battery Market, by Industry, 2017-2020 (USD Million)
Table 43 Lithium Nickel Cobalt Aluminum Oxide (Nca) Battery Market, by Industry, 2021-2030 (USD Million)
Figure 49 APAC to Hold Largest Size of Nca Battery Market During Forecast Period
Table 44 Lithium Nickel Cobalt Aluminum Oxide (Nca) Battery Market, by Region, 2017-2020 (USD Million)
Table 45 Lithium Nickel Cobalt Aluminum Oxide (Nca) Battery Market, by Region, 2021-2030 (USD Million)

10 Lithium-Ion Battery Market, by Product
10.1 Introduction
Figure 50 Types of Lithium-Ion Battery Products
10.2 Cells
10.2.1 Low Weight and Easy Installation Create Demand for Cell Type Lithium-Ion Batteries in Consumer Electronics Industry
10.3 Battery Packs
10.3.1 Battery Packs are Used in Applications Requiring High Energy Density

11 Lithium-Ion Battery Market, by Capacity
11.1 Introduction
Figure 51 Lithium-Ion Battery Market, by Capacity
Table 46 Lithium-Ion Battery Market, by Capacity, 2017-2020 (USD Million)
Table 47 Lithium-Ion Battery Market, by Capacity, 2021-2030 (USD Million)
11.2 0 to 3,000 Mah
11.2.1 Batteries That Provide Capacity of Up to 3,000 Mah are Suitable for a Variety of Applications
Figure 52 0-3,000 Mah Battery Market for Power Segment is Expected to Grow at Highest CAGR During Forecast Period
Table 48 0-3,000 Mah Lithium-Ion Battery Market, by Industry, 2017-2020 (USD Million)
Table 49 0-3,000 Mah Lithium-Ion Battery Market, by Industry, 2021-2030 (USD Million)
11.3 3,000 to 10,000 Mah
11.3.1 Batteries Having Capacity from 3,000 to 10,000 Mah are Majorly Used in Applications with Heavy Power Density Requirements
Table 50 3,000-10,000 Mah Lithium-Ion Battery Market, by Industry, 2017-2020 (USD Million)
Table 51 3,000-10,000 Mah Lithium-Ion Battery Market, by Industry, 2021-2030 (USD Million)
11.4 10,000 to 60,000 Mah
11.4.1 Batteries Having Capacity Above 10,000 Mah are Ideal for High-Power Applications
Table 52 10,000-60,000 Mah Lithium-Ion Battery Market, by Industry, 2017-2020 (USD Million)
Table 53 10,000-60,000 Mah Lithium-Ion Battery Market, by Industry, 2021-2030 (USD Million)
11.5 60,000 Mah and Above
11.5.1 Lithium-Ion Batteries Having Capacity Above 60,000 Mah are Used for Powering Heavy Electric Vehicles
Figure 53 Power Segment to Continue to Hold Largest Share of Above 60,000 Mah Battery Market During Forecast Period
Table 54 Above 60,000 Mah Lithium-Ion Battery Market, by Industry, 2017-2020 (USD Million)
Table 55 Above 60,000 Mah Lithium-Ion Battery Market, by Industry, 2021-2030 (USD Million)

12 Lithium-Ion Battery Market, by Voltage
12.1 Introduction
Figure 54 Lithium-Ion Battery Market, by Voltage
Table 56 Lithium-Ion Battery Market, by Voltage, 2017-2020 (USD Million)
Table 57 Lithium-Ion Battery Market, by Voltage, 2021-2030 (USD Million)
12.2 Low (Below 12V)
12.2.1 Consumer Electronics Industry is Largest Adopter of Lithium-Ion Batteries Below 12V
12.3 Medium (12V-36V)
12.3.1 Excellent Option for Trolling Motors, Other Marine Applications, and Deep-Cycle Applications
12.4 High (Above 36V)
12.4.1 High-Voltage Lithium-Ion Batteries Offer Higher Power, Longer Life, and More Safety Than Lead-Acid Batteries

13 Lithium-Ion Battery Market, by Industry
13.1 Introduction
Figure 55 Lithium-Ion Battery Market, by Industry
Table 58 Lithium-Ion Battery Market, by Industry, 2017-2020 (USD Million)
Table 59 Lithium-Ion Battery Market, by Industry, 2021-2030 (USD Million)
13.2 Consumer Electronics
Figure 56 Comparison of Batteries with Respect to Characteristics
13.2.1 Smartphones
13.2.1.1 Lightweight and High-Density Lithium-Ion Batteries are Ideal Power Source for Complex Smartphone Devices
13.2.2 Ups
13.2.2.1 Longer Runtime and Faster Recharge Time Make Lithium-Ion Batteries Suitable for Ups Systems
13.2.3 Laptops
13.2.3.1 Lithium-Ion Batteries for Laptops are Low Maintenance, Do Not Require Scheduled Cycling, and Display No Memory Effect
13.2.4 Others (Games, Gardening Tools, and Drilling)
Table 60 Lithium-Ion Battery Market for Consumer Electronics, by Type, 2017-2020 (USD Million)
Table 61 Lithium-Ion Battery Market for Consumer Electronics, by Type, 2021-2030 (USD Million)
Table 62 Lithium-Ion Battery Market for Consumer Electronics, by Voltage, 2017-2020 (USD Million)
Table 63 Lithium-Ion Battery Market for Consumer Electronics, by Voltage, 2021-2030 (USD Million)
Table 64 Lithium-Ion Battery Market for Consumer Electronics, by Capacity, 2017-2020 (USD Million)
Table 65 Lithium-Ion Battery Market for Consumer Electronics, by Capacity, 2021-2030 (USD Million)
Table 66 Lithium-Ion Battery Market for Consumer Electronics, by Region, 2017-2020 (USD Million)
Table 67 Lithium-Ion Battery Market for Consumer Electronics, by Region, 2021-2030 (USD Million)
13.3 Automotive
Table 68 Lithium-Ion Battery Configurations Across Auto Applications
13.3.1 Battery Electric Vehicles
13.3.1.1 Lithium-Ion Batteries Provide High Power Density and High Thermal Stability to Battery Electric Vehicle
13.3.2 Plug-In Hybrid Electric Vehicles
13.3.2.1 Lto, Lfp, and Nmc Variants of Lithium-Ion Batteries are Mainly Used in Hybrid Electric Vehicles
Table 69 Lithium-Ion Battery Market for Automotive, in Terms of Value and Volume, 2017-2020
Table 70 Lithium-Ion Battery Market for Automotive, in Terms of Value and Volume, 2021-2030
Table 71 Lithium-Ion Battery Market for Automotive, by Type, 2017-2020 (USD Million)
Table 72 Lithium-Ion Battery Market for Automotive, by Type, 2021-2030 (USD Million)
Table 73 Lithium-Ion Battery Market for Automotive, by Voltage, 2017-2020 (USD Million)
Table 74 Lithium-Ion Battery Market for Automotive, by Voltage, 2021-2030 (USD Million)
Table 75 Lithium-Ion Battery Market for Automotive, by Capacity, 2017-2020 (USD Million)
Table 76 Lithium-Ion Battery Market for Automotive, by Capacity, 2021-2030 (USD Million)
Table 77 Lithium-Ion Battery Market for Automotive, by Region, 2017-2020 (USD Million)
Table 78 Lithium-Ion Battery Market for Automotive, by Region, 2021-2030 (USD Million)
13.4 Aerospace
13.4.1 Commercial Aircraft
13.4.1.1 Adoption by Leading Players Such as Boeing and Airbus Creates Positive Environment for Lithium-Ion Batteries
Table 79 Lithium-Ion Battery Market for Aerospace, by Type, 2017-2020 (USD Million)
Table 80 Lithium-Ion Battery Market for Aerospace, by Type, 2021-2030 (USD Million)
Table 81 Lithium-Ion Battery Market for Aerospace, by Voltage, 2017-2020 (USD Million)
Table 82 Lithium-Ion Battery Market for Aerospace, by Voltage, 2021-2030 (USD Million)
Table 83 Lithium-Ion Battery Market for Aerospace, by Capacity, 2017-2020 (USD Million)
Table 84 Lithium-Ion Battery Market for Aerospace, by Capacity, 2021-2030 (USD Million)
Table 85 Lithium-Ion Battery Market for Aerospace, by Region, 2017-2020 (USD Million)
Table 86 Lithium-Ion Battery Market for Aerospace, by Region, 2021-2030 (USD Million)
13.5 Marine
13.5.1 Commercial
13.5.1.1 Ability to Deliver Power Supply for Longer Durations Make Lithium-Ion Batteries Suitable for Commercial Ships
13.5.2 Tourism
13.5.2.1 High Energy Density and No Risk of Fire or Explosion Make Lithium-Ion Batteries Popular Among Electric Boat Manufacturers
Table 87 Lithium-Ion Battery Market for Marine, by Type, 2017-2020 (USD Million)
Table 88 Lithium-Ion Battery Market for Marine, by Type, 2021-2030 (USD Million)
Table 89 Lithium-Ion Battery Market for Marine, by Voltage, 2017-2020 (USD Million)
Table 90 Lithium-Ion Battery Market for Marine, by Voltage, 2021-2030 (USD Million)
Table 91 Lithium-Ion Battery Market for Marine, by Capacity, 2017-2020 (USD Million)
Table 92 Lithium-Ion Battery Market for Marine, by Capacity, 2021-2030 (USD Million)
Table 93 Lithium-Ion Battery Market for Marine, by Region, 2017-2020 (USD Million)
Table 94 Lithium-Ion Battery Market for Marine, by Region, 2021-2030 (USD Million)
13.6 Medical
13.6.1 Low Self-Discharge and Light Weight Make Lithium-Ion Batteries Ideal for Use in Medical Devices
Table 95 Lithium-Ion Battery Market for Medical, by Type, 2017-2020 (USD Million)
Table 96 Lithium-Ion Battery Market for Medical, by Type, 2021-2030 (USD Million)
Table 97 Lithium-Ion Battery Market for Medical, by Voltage, 2017-2020 (USD Million)
Table 98 Lithium-Ion Battery Market for Medical, by Voltage, 2021-2030 (USD Million)
Table 99 Lithium-Ion Battery Market for Medical, by Capacity, 2017-2020 (USD Million)
Table 100 Lithium-Ion Battery Market for Medical, by Capacity, 2021-2030 (USD Million)
Table 101 Lithium-Ion Battery Market for Medical, by Region, 2017-2020 (USD Million)
Table 102 Lithium-Ion Battery Market for Medical, by Region, 2021-2030 (USD Million)
13.7 Industrial
13.7.1 Mining Equipment
13.7.1.1 Safety Concerns Will Increase Demand for Lithium-Ion Battery-Based Mining Equipment
13.7.2 Construction Equipment
13.7.2.1 Advancements in Lithium-Ion Battery Technology are Improving Performance and Efficiency of Construction Equipment
13.7.3 Forklifts, Automated Guided Vehicles (Agv), and Automated Mobile Robots (Amr)
13.7.3.1 High Energy Density Makes Lithium-Ion Batteries Best Choice for Agvs and Amrs
Table 103 Lithium-Ion Battery Market for Industrial, by Type, 2017-2020 (USD Million)
Table 104 Lithium-Ion Battery Market for Industrial, by Type, 2021-2030 (USD Million)
Table 105 Lithium-Ion Battery Market for Industrial, by Voltage, 2017-2020 (USD Million)
Table 106 Lithium-Ion Battery Market for Industrial, by Voltage, 2021-2030 (USD Million)
Table 107 Lithium-Ion Battery Market for Industrial, by Capacity, 2017-2020 (USD Million)
Table 108 Lithium-Ion Battery Market for Industrial, by Capacity, 2021-2030 (USD Million)
Table 109 Lithium-Ion Battery Market for Industrial, by Region, 2017-2020 (USD Million)
Table 110 Lithium-Ion Battery Market for Industrial, by Region, 2021-2030 (USD Million)
13.8 Power
13.8.1 Adoption in Smart Grids to Drive Lithium-Ion Battery Market Growth
Table 111 Lithium-Ion Battery Market for Power, by Type, 2017-2020 (USD Million)
Table 112 Lithium-Ion Battery Market for Power, by Type, 2021-2030 (USD Million)
Table 113 Lithium-Ion Battery Market for Power, by Voltage, 2017-2020 (USD Million)
Table 114 Lithium-Ion Battery Market for Power, by Voltage, 2021-2030 (USD Million)
Table 115 Lithium-Ion Battery Market for Power, by Capacity, 2017-2020 (USD Million)
Table 116 Lithium-Ion Battery Market for Power, by Capacity, 2021-2030 (USD Million)
Table 117 Lithium-Ion Battery Market for Power, by Region, 2017-2020 (USD Million)
Table 118 Lithium-Ion Battery Market for Power, by Region, 2021-2030 (USD Million)
13.9 Telecommunications
13.9.1 Lithium-Ion Batteries Provide Outstanding Cyclic Life, Excellent Charge Acceptance, and Remote Monitoring for Telecom Applications
Table 119 Lithium-Ion Battery Market for Telecommunications, by Type, 2017-2020 (USD Million)
Table 120 Lithium-Ion Battery Market for Telecommunications, by Type, 2021-2030 (USD Million)
Table 121 Lithium-Ion Battery Market for Telecommunications, by Voltage, 2017-2020 (USD Million)
Table 122 Lithium-Ion Battery Market for Telecommunications, by Voltage, 2021-2030 (USD Million)
Table 123 Lithium-Ion Battery Market for Telecommunications, by Capacity, 2017-2020 (USD Million)
Table 124 Lithium-Ion Battery Market for Telecommunications, by Capacity, 2021-2030 (USD Million)
Table 125 Lithium-Ion Battery Market for Telecommunications, by Region, 2017-2020 (USD Million)
Table 126 Lithium-Ion Battery Market for Telecommunications, by Region, 2021-2030 (USD Million)

14 Lithium-Ion Battery Market, by Region
14.1 Introduction
Figure 57 Geographic Snapshot: Lithium-Ion Battery Market Exhibited Highest Growth in China in 2020
Table 127 Lithium-Ion Battery Market, by Region, 2017-2020 (USD Million)
Table 128 Lithium-Ion Battery Market, by Region, 2021-2030 (USD Million)
14.2 North America
Figure 58 Snapshot: Lithium-Ion Battery Market in North America
Table 129 Lithium-Ion Battery Market in North America, by Country, 2017-2020 (USD Million)
Table 130 Lithium-Ion Battery Market in North America, by Country, 2021-2030 (USD Million)
Table 131 Lithium-Ion Battery Market in North America, by Type, 2017-2020 (USD Million)
Table 132 Lithium-Ion Battery Market in North America, by Type, 2021-2030 (USD Million)
Table 133 Lithium-Ion Battery Market in North America, by Industry, 2017-2020 (USD Million)
Table 134 Lithium-Ion Battery Market in North America, by Industry, 2021-2030 (USD Million)
14.2.1 US
14.2.1.1 Automotive Industry and Power Sector to Substantiate Lithium-Ion Battery Market Growth in US
14.2.2 Canada
14.2.2.1 Market in Canada Expected to Grow at Highest CAGR During Forecast Period
14.2.3 Mexico
14.2.3.1 Demand from Manufacturing Industries to Sustain Lithium-Ion Battery Market Growth in Mexico
14.3 Europe
Table 135 Lithium-Ion Battery Market in Europe, by Country, 2017-2020 (USD Million)
Table 136 Lithium-Ion Battery Market in Europe, by Country, 2021-2030 (USD Million)
Table 137 Lithium-Ion Battery Market in Europe, by Type, 2017-2020 (USD Million)
Table 138 Lithium-Ion Battery Market in Europe, by Type, 2021-2030 (USD Million)
Table 139 Lithium-Ion Battery Market in Europe, by Industry, 2017-2020 (USD Million)
Table 140 Lithium-Ion Battery Market in Europe, by Industry, 2021-2030 (USD Million)
14.3.1 Germany
14.3.1.1 Presence of Key Battery and Electric Vehicle Manufacturers Boost Market Growth in Germany
14.3.2 UK
14.3.2.1 Government Initiatives for Growth of Ev Industry Will Support Lithium-Ion Battery Market Growth
14.3.3 Netherlands
14.3.3.1 Flourishing Ev Industry Will Support Growth of Lithium-Ion Battery Market in Netherlands
14.3.4 Norway
14.3.4.1 Increasing Sales of Evs Create Lucrative Opportunities for Market
14.3.5 Rest of Europe
14.4 Asia-Pacific
Figure 59 Snapshot: Lithium-Ion Battery Market in APAC
Table 141 Lithium-Ion Battery Market in Apac, by Country, 2017-2020 (USD Million)
Table 142 Lithium-Ion Battery Market in Apac, by Country, 2021-2030 (USD Million)
Table 143 Lithium-Ion Battery Market in Apac, by Type, 2017-2020 (USD Million)
Table 144 Lithium-Ion Battery Market in Apac, by Type, 2021-2030 (USD Million)
Table 145 Lithium-Ion Battery Market in Apac, by Industry, 2017-2020 (USD Million)
Table 146 Lithium-Ion Battery Market in Apac, by Industry, 2021-2030 (USD Million)
14.4.1 China
14.4.1.1 China Accounts for Largest Share of Market in APAC
14.4.2 Japan
14.4.2.1 Expansion of R&D Resources by Battery Giants Supporting Growth of Market
14.4.3 India
14.4.3.1 Growing Adoption of Electric Transport Expected to Drive Market
14.4.4 Rest of APAC
14.5 Rest of World (Row)
Table 147 Lithium-Ion Battery Market in Row, by Region, 2017-2020 (USD Million)
Table 148 Lithium-Ion Battery Market in Row, by Region, 2021-2030 (USD Million)
Table 149 Lithium-Ion Battery Market in Row, by Type, 2017-2020 (USD Million)
Table 150 Lithium-Ion Battery Market in Row, by Type, 2021-2030 (USD Million)
Table 151 Lithium-Ion Battery Market in Row, by Industry, 2017-2020 (USD Million)
Table 152 Lithium-Ion Battery Market in Row, by Industry, 2021-2030 (USD Million)
14.5.1 Middle East & Africa
14.5.1.1 Growing Investments in Advanced Technologies for Generating Green and Renewable Energy Sources to Strengthen Market Middle East
14.5.2 South America
14.5.2.1 Investment in Mining Sector and Huge Lithium Reserves Contributing to Growth of the Market

15 Competitive Landscape
15.1 Overview
15.2 Top 4 Company Revenue Analysis
Figure 60 Lithium-Ion Battery Market: Revenue Analysis of Top 4 Players, 2016-2020
15.3 Market Share Analysis, 2020
Table 153 Lithium-Ion Battery Market: Market Share Analysis (2020)
15.4 Competitive Leadership Mapping
15.4.1 Star
15.4.2 Emerging Leader
15.4.3 Pervasive
15.4.4 Participant
Figure 61 Lithium-Ion Battery Market: Competitive Leadership Mapping, 2020
15.5 Small and Medium Enterprises (Sme) Evaluation Matrix, 2020
15.5.1 Progressive Company
15.5.2 Responsive Company
15.5.3 Dynamic Company
15.5.4 Starting Block
Figure 62 Lithium-Ion Battery Market (Global), Sme Evaluation Matrix, 2020
15.6 Lithium-Ion Battery Market: Product Footprint
Table 154 Company Footprint
Figure 63 Industry Footprint of Companies
Table 155 Regional Footprint of Companies
15.7 Competitive Situations and Trends
15.7.1 Lithium-Ion Battery Market: Product Launches, November 2019-December 2020
15.7.2 Lithium-Ion Battery Market: Deals, May 2019- January 2021

16 Company Profiles
16.1 Introduction
16.1.1 Impact of COVID-19 on Lithium-Ion Battery Market
16.2 Key Players
16.2.1 BYD Company
Figure 64 Byd Company: Company Snapshot
16.2.2 LG Chem
Figure 65 Lg Chem: Company Snapshot
16.2.3 Samsung Sdi
Figure 66 Samsung Sdi: Company Snapshot
16.2.4 Contemporary Amperex Technology Co. Ltd. (Catl)
Figure 67 Catl: Company Snapshot
16.2.5 Panasonic Corporation
Figure 68 Panasonic Corporation: Company Snapshot
16.2.6 Bak Power
16.2.7 Gs Yuasa Corporation
Figure 69 Gs Yuasa Corporation: Company Snapshot
16.2.8 Hitachi
Figure 70 Hitachi: Company Snapshot
16.2.9 Clarios
16.2.10 Toshiba
Figure 71 Toshiba: Company Snapshot
16.3 Other Prominent Players
16.3.1 Calb
16.3.2 Tesla
16.3.3 Lithium Werks
16.3.4 Saft Groupe
16.3.5 Varta Ag
16.3.6 Farasis Energy
16.3.7 Sila Nanotechnologies
16.3.8 Amperex Technology Limited (Atl)
16.3.9 Envision Aesc Sdi Co. Ltd.
16.3.10 Guoxuan High-Tech Co., Ltd.
16.3.11 Lithium Energy Japan
16.3.12 Enerdel
16.3.13 Corvus Energy
16.3.14 Ipower Batteries Pvt. Ltd.
16.3.15 Nextera Energy

17 Appendix
17.1 Insights of Industry Experts
17.2 Discussion Guide
17.3 Knowledge Store: The Subscription Portal
17.4 Available Customizations

Note: Product cover images may vary from those shown
  • Amperex Technology Limited (Atl)
  • BAK Power
  • BYD Company
  • Calb
  • Clarios
  • Contemporary Amperex Technology Co. Ltd. (CATL)
  • Corvus Energy
  • Enerdel
  • Envision Aesc Sdi Co. Ltd.
  • Farasis Energy
  • GS Yuasa Corporation
  • Guoxuan High-Tech Co., Ltd.
  • Hitachi
  • Ipower Batteries Pvt. Ltd.
  • LG Chem
  • Lithium Energy Japan
  • Lithium Werks
  • Nextera Energy
  • Panasonic Corporation
  • Saft Groupe
  • Samsung Sdi
  • Sila Nanotechnologies
  • Tesla
  • Toshiba
  • Varta Ag
Note: Product cover images may vary from those shown

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