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Lithium-ion Battery Market, By Material, By Type, By Product, By Capacity, By End-User, By Region, Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • ID: 5585125
  • Report
  • March 2022
  • Region: Global
  • 191 Pages
  • Blueweave Consulting & Research Pvt Ltd

Lithium Ion Battery Market to Reach USD 89 Billion by 2028


The global lithium-ion battery market is growing at a high CAGR because of the rapid surge in the demand for consumer electronic products such as smartphones and laptops, boosting the demand for rechargeable batteries along with increasing demand for electric vehicles.

This recent study revealed that the global lithium-ion battery market was worth around USD 41 billion in 2021. The market is projected to grow at a CAGR of 12.2%, thereby surpassing USD 89.7 billion by 2028. The global lithium-ion battery market is flourishing at a high rate owing to the rapid surge in the demand for consumer electronic products such as smartphones and laptops, boosting the demand for rechargeable batteries. Furthermore, an increasing shift towards electric vehicles due to environmental consciousness, is resulting in the expanding production of EVs, further propelling the demand for lithium-ion batteries, driving the market growth. However, lithium-ion batteries carry safety hazards and if exposed to an unfavorable environment, can lead to explosions and fires, which acts as a major restraining factor for the market growth.

Flourishing Demand for Li-Ion Battery Pack is Driving Lithium-ion Battery Market


The lithium-ion battery market is segmented into cells and battery packs, based on product. The battery packs segment accounts for the largest share in the lithium-ion battery market due to its expanding usage in various applications including emergency power backup or UPS, solar power storage, electric vehicle battery, marine performance, surveillance or alarm systems, etc. The cell segment is also growing at a high rate owing to its prominent use in cellular phones and note-type personal computers.

Increasing Demand for High Capacity Lithium-Ion Battery is Propelling Lithium-ion Battery Market


Based on capacity, the lithium-ion battery market is segmented into 0 to 3,000 mAh, 3,000 to 10,000 mAh, 10,000 to 60,000 mAh, 60,000 mAh, and above. The 10,000 to 60,000 mAh battery capacity segment holds the largest market share owing to the prominent use in EVs. Electric vehicles require high-capacity batteries to cover longer distances without needing to recharge them time and again, which acts as a major contributing factor for its market growth. Furthermore, the use of this capacity of lithium-ion battery in a wide range of EVs including plug-in as well as hybrid electric vehicles, e-motorcycles, hybrid trucks, and buses, etc., is also boosting the growth of the market.

Lithium-ion Battery Market - By End-User


Based on end-user, the lithium-ion battery market is segmented into consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunications. The consumer electronics segment accounts for the largest market share owing to the increasing application of li-ion batteries in various electronic goods including laptops, small earbuds, tablets, mobile phones, handheld power tools. The automotive segment also covers a substantial market share and is projected to witness the highest growth rate during the forecast period due to the prominent use of lithium-ion batteries in electric vehicles.

Lithium-ion Battery Market - Regional Insights


Geographically, the lithium-ion battery market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the lithium-ion battery market. However, North America is also projected to grow at a substantial rate during the forecast period owing to the extensive research and development activities by the market players. Furthermore, the expanding production of electric vehicles due to the presence of leading EV manufacturers such as Tesla is also propelling the growth of the lithium-ion battery market in this region.

Impact of COVID-19 on Lithium-ion Battery Market


The growth of the lithium-ion battery market was negatively impacted by the sudden COVID-19 pandemic outbreak. The restrictions on the manufacturing and production activities of non-essential products including consumer electronic goods and electric vehicles. This resulted in a sharp decline in the demand for lithium-ion batteries, incurring huge losses to the market. However, the market is expected to recover from this slump and proliferate in the forecast period due to the surge in the demand for electronics including smartphones and laptops due to work from home and online schooling needs.

Competitive Landscape


The leading market players of the lithium-ion battery market are LG Chem Ltd, GS Yuasa International Ltd., Panasonic Corporation, Hitachi Chemical Co., Ltd., Sony Corporation, Tianjin Lishen Battery Joint-Stock Co. Ltd, Samsung SDI, BYD Company Limited, Johnson Controls, A123 Systems LLC, Shenzhen Huayu New Energy Technology Co., Ltd., NEC Corporation, Toshiba Corporation, Saft, Narada Power Source Co., Ltd., Contemporary Amperex Technology Co., Blue Energy Limited, BAK Group, Valence Technology, and other prominent players.

The market is highly consolidated with the presence of several multinational conglomerates and regional battery makers. However, several startups are also emerging with great potential and giving tough competition to established players. The companies significantly invest in research and development activities to boost the lithium-ion battery capacities and expand its application to proliferate their market. Furthermore, the adoption of competitive strategies such as mergers, acquisitions, partnerships, joint ventures, etc., is also prominent in this market.

Don’t miss the business opportunity of the lithium-ion battery market. Consult the report to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the lithium-ion battery market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the lithium-ion battery market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.


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1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.2. Methodology
2.3. Regional Split of Primary & Secondary Research
2.4. Secondary Research
2.5. Primary Research
2.5.1. Breakdown of Primary Research Respondents, By Region
2.5.2. Breakdown of Primary Research Respondents, By Industry Participants
2.6. Market Size Estimation
2.7. Assumptions for the Study
2.8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
4.1. Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.1.1. Increasing Demand In Electronic Applications
4.2.1.2. Extensive Research And Development Activities
4.2.2. Restraints
4.2.2.1. Risks Of Inflammation And Explosion
4.2.3. Opportunities
4.2.3.1. Negative Impact of the COVID-19 Pandemic Outbreak
4.2.4. Challenges
4.2.4.1. Flourishing Demand for Li-Ion Battery Pack
4.2.4.2. Increasing Demand For High Capacity Lithium-Ion Battery
4.3. Recent Developments
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Intensity of Rivalry
4.4.4. Threat of New Entrants
4.4.5. Threat of Substitutes
5. Lithium-ion Battery Market Overview
5.1. Market Estimates & Forecast by Value, 2018-2022
5.2. Market Share & Forecast, by Segment
5.2.1. By Material
5.2.1.1. Cathode Material
5.2.1.2. Anode Materials
5.2.1.3. Electrolyte Material
5.2.1.4. Separator Materials
5.2.1.5. Current Collector Materials
5.2.1.6. Other Materials
5.2.2. By Type
5.2.2.1. Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
5.2.2.2. Lithium Iron Phosphate (LFP)
5.2.2.3. Lithium Cobalt Oxide (LCO)
5.2.2.4. Lithium Titanate Oxide (LTO)
5.2.2.5. Lithium Manganese Oxide (LMO)
5.2.2.6. Lithium Nickel Cobalt Aluminum Oxide (NCA)
5.2.3. By Product
5.2.3.1. Cells
5.2.3.2. Battery Packs
5.2.4. By Capacity
5.2.4.1. 0 To 3,000 mAh
5.2.4.2. 3,000 To 10,000 mAh
5.2.4.3. 10,000 To 60,000 mAh
5.2.4.4. 60,000 mAh And Above
5.2.5. By End-User
5.2.5.1. Consumer Electronics
5.2.5.2. Automotive
5.2.5.3. Aerospace
5.2.5.4. Marine
5.2.5.5. Medical
5.2.5.6. Industrial
5.2.5.7. Power
5.2.5.8. Telecommunications
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Europe
5.2.6.3. Asia-Pacific (APAC)
5.2.6.4. Latin America (LATAM)
5.2.6.5. Middle-East & Africa (MEA)
6. North America Lithium-ion Battery Market Overview
6.1. Market Size and Forecast
6.1.1. By Value (USD Billion), 2018-2022
6.2. Market Share and Forecast
6.2.1. By Material
6.2.2. By Type
6.2.3. By Product
6.2.4. By Capacity
6.2.5. By End-User
6.2.6. By Country
6.2.6.1. U.S.
6.2.6.2. Canada
7. Europe Lithium-ion Battery Market Overview
7.1. Market Size and Forecast
7.1.1. By Value (USD Billion), 2018-2022
7.2. Market Share and Forecast
7.2.1. By Material
7.2.2. By Type
7.2.3. By Product
7.2.4. By Capacity
7.2.5. By End-User
7.2.6. By Country
7.2.6.1. Germany
7.2.6.2. U.K.
7.2.6.3. France
7.2.6.4. Italy
7.2.6.5. Spain
7.2.6.6. Netherlands
7.2.6.7. Rest of Europe
8. APAC Lithium-ion Battery Market Overview
8.1. Market Size and Forecast
8.1.1. By Value (USD Billion), 2018-2022
8.2. Market Share and Forecast
8.2.1. By Material
8.2.2. By Type
8.2.3. By Product
8.2.4. By Capacity
8.2.5. By End-User
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. South Korea
8.2.6.5. Rest of APAC
9. LATAM Lithium-ion Battery Market Overview
9.1. Market Size and Forecast
9.1.1. By Value (USD Billion), 2018-2022
9.2. Market Share and Forecast
9.2.1. By Material
9.2.2. By Type
9.2.3. By Product
9.2.4. By Capacity
9.2.5. By End-User
9.2.6. By Country
9.2.6.1. Mexico
9.2.6.2. Brazil
9.2.6.3. Rest of LATAM
10. MEA Lithium-ion Battery Market Overview
10.1. Market Size and Forecast
10.1.1. By Value (USD Billion), 2018-2022
10.2. Market Share and Forecast
10.2.1. By Material
10.2.2. By Type
10.2.3. By Product
10.2.4. By Capacity
10.2.5. By End-User
10.2.6. By Country
10.2.6.1. Saudi Arabia
10.2.6.2. UAE
10.2.6.3. South Africa
10.2.6.4. Rest of MEA
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market Share/Ranking Analysis (2021)
11.3. Competitive Benchmarking, By Operating Parameters
12. Impact of COVID-19 on Lithium-ion Battery Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. LG Chem Ltd
13.2. GS Yuasa International Ltd.
13.3. Panasonic Corporation
13.4. Hitachi Chemical Co., Ltd.
13.5. Sony Corporation
13.6. Tianjin Lishen Battery Joint-Stock Co. Ltd
13.7. Samsung SDI
13.8. BYD Company Limited
13.9. Johnson Controls
13.10. A123 Systems LLC
13.11. Shenzhen Huayu New Energy Technology Co., Ltd.
13.12. NEC Corporation
13.13. Toshiba Corporation
13.14. Saft
13.15. Narada Power Source Co., Ltd.
13.16. Contemporary Amperex Technology Co.
13.17. Blue Energy Limited
13.18. BAK Group
13.19. Valence Technology
13.20. Other Prominent Players
14. Key Strategic Recommendations
List of Figures
Figure 1: Lithium-ion Battery Market Segmentation
Figure 2 : Lithium-ion Battery Market Value Chain Analysis,
Figure 3: Company Market Share Analysis, 2021
Figure 4: Lithium-ion Battery Market Size, By Value (USD Billion), 2018-2022
Figure 5: Lithium-ion Battery Market Share (%), By Material, By Value, 2018-2022
Figure 6: Lithium-ion Battery Market Share (%), By Type, By Value, 2018-2022
Figure 7: Lithium-ion Battery Market Share (%), By Product, By Value, 2018-2022
Figure 8: Lithium-ion Battery Market Share (%), By Capacity, By Value, 2018-2022
Figure 9: Lithium-ion Battery Market Share (%), By End-User, By Value, 2018-2022
Figure 10: Lithium-ion Battery Market Share (%), By Region, By Value, 2018-2022
Figure 11: North America Lithium-ion Battery Market Size, By Value (USD Billion), 2018-2022
Figure 12: North America Lithium-ion Battery Market Share (%), By Material, By Value, 2018-2022
Figure 13: North America Lithium-ion Battery Market Share (%), By Type, By Value, 2018-2022
Figure 14: North America Lithium-ion Battery Market Share (%), By Product, By Value, 2018-2022
Figure 15: North America Lithium-ion Battery Market Share (%), By Capacity, By Value, 2018-2022
Figure 16: North America Lithium-ion Battery Market Share (%), By End-User, By Value, 2018-2022
Figure 17: North America Lithium-ion Battery Market Share (%), By Country, By Value, 2018-2022
Figure 18: Europe Lithium-ion Battery Market Size, By Value (USD Billion), 2018-2022
Figure 19: Europe Lithium-ion Battery Market Share (%), By Material, By Value, 2018-2022
Figure 20: Europe Lithium-ion Battery Market Share (%), By Type, By Value, 2018-2022
Figure 21: Europe Lithium-ion Battery Market Share (%), By Product, By Value, 2018-2022
Figure 22: Europe Lithium-ion Battery Market Share (%), By Capacity, By Value, 2018-2022
Figure 23: Europe Lithium-ion Battery Market Share (%), by End-User, By Value, 2018-2022
Figure 24: Europe Lithium-ion Battery Market Share (%), By Country, By Value, 2018-2022
Figure 25: Asia-Pacific Lithium-ion Battery Market Size, By Value (USD Billion), 2018-2022
Figure 26: Asia-Pacific Lithium-ion Battery Market Share (%), By Material, By Value, 2018-2022
Figure 27: Asia-Pacific Lithium-ion Battery Market Share (%), By Type, By Value, 2018-2022
Figure 28: Asia-Pacific Lithium-ion Battery Market Share (%), By Product, By Value, 2018-2022
Figure 29: Asia-Pacific Lithium-ion Battery Market Share (%), By Capacity, By Value, 2018-2022
Figure 30: Asia-Pacific Lithium-ion Battery Market Share (%), By End-User, By Value, 2018-2022
Figure 31: Asia-Pacific Lithium-ion Battery Market Share (%), By Country, By Value, 2018-2022
Figure 32: Latin America Lithium-ion Battery Market Size, By Value (USD Billion), 2018-2022
Figure 33: Latin America Lithium-ion Battery Market Share (%), By Material, By Value, 2018-2022
Figure 34: Latin America Lithium-ion Battery Market Share (%), By Type, By Value, 2018-2022
Figure 35: Latin America Lithium-ion Battery Market Share (%), By Product, By Value, 2018-2022
Figure 36: Latin America Lithium-ion Battery Market Share (%), By Capacity, By Value, 2018-2022
Figure 37: Latin America Lithium-ion Battery Market Share (%), By End-User, By Value, 2018-2022
Figure 38: Latin America Lithium-ion Battery Market Share (%), By Country, By Value, 2018-2022
Figure 39: Middle East & Africa Lithium-ion Battery Market Size, By Value (USD Billion), 2018-2022
Figure 40: Middle East & Africa Lithium-ion Battery Market Share (%), By Material, By Value, 2018-2022
Figure 41: Middle East & Africa Lithium-ion Battery Market Share (%), By Type, By Value, 2018-2022
Figure 42: Middle East & Africa Lithium-ion Battery Market Share (%), By Product, By Value, 2018-2022
Figure 43: Middle East & Africa Lithium-ion Battery Market Share (%), By Capacity, By Value, 2018-2022
Figure 44: Middle East & Africa Lithium-ion Battery Market Share (%), By End-User, By Value, 2018-2022
Figure 45: Middle East & Africa Lithium-ion Battery Market Share (%), By Region, By Value, 2018-2022
List of Tables
Table 1: Lithium-ion Battery Market Size, By Material, By Value, 2018-2022
Table 2: Lithium-ion Battery Market Size, By Type, By Value (USD Billion), 2018-2022
Table 3: Lithium-ion Battery Market Size, By Product, By Value (USD Billion), 2018-2022
Table 4: Lithium-ion Battery Market Size, By Capacity, By Value (USD Billion), 2018-2022
Table 5: Lithium-ion Battery Market Size, By End-User, By Value (USD Billion), 2018-2022
Table 6: Lithium-ion Battery Market Size, By Region, By Value (USD Billion), 2018-2022
Table 7: North America Lithium-ion Battery Market Size, By Material, By Value (USD Billion), 2018-2022
Table 8: North America Lithium-ion Battery Market Size, By Type, By Value (USD Billion), 2018-2022
Table 9: North America Lithium-ion Battery Market Size, By Product, By Value (USD Billion), 2018-2022
Table 10: North America Lithium-ion Battery Market Size, By Capacity, By Value (USD Billion), 2018-2022
Table 11: North America Lithium-ion Battery Market Size, By End-User, By Value (USD Billion), 2018-2022,
Table 12: Europe Lithium-ion Battery Market Size, By Material, By Value (USD Billion), 2018-2022
Table 13: Europe Lithium-ion Battery Market Size, By Type, By Value (USD Billion), 2018-2022
Table 14: Europe Lithium-ion Battery Market Size, By Product, By Value (USD Billion), 2018-2022
Table 15: Europe Lithium-ion Battery Market Size, By Capacity, By Value (USD Billion), 2018-2022
Table 16: Europe Lithium-ion Battery Market Size, By End-User, By Value (USD Billion), 2018-2022
Table 17: the Asia-Pacific Lithium-ion Battery Market Size, By Material, By Value (USD Billion), 2018-2022
Table 18: the Asia-Pacific Lithium-ion Battery Market Size, By Type, By Value (USD Billion), 2018-2022
Table 19: the Asia-Pacific Lithium-ion Battery Market Size, By Product, By Value (USD Billion), 2018-2022
Table 20: the Asia-Pacific Lithium-ion Battery Market Size, By Capacity, By Value (USD Billion), 2018-2022
Table 21: the Asia-Pacific Lithium-ion Battery Market Size, By End-User, By Value (USD Billion), 2018-2022
Table 22: Latin America Lithium-ion Battery Market Size, By Material, By Value (USD Billion), 2018-2022
Table 23: Latin America Lithium-ion Battery Market Size, By Type, By Value (USD Billion), 2018-2022
Table 24: Latin America Lithium-ion Battery Market Size, By Product, By Value (USD Billion), 2018-2022
Table 25: Latin America Lithium-ion Battery Market Size, By Capacity, By Value (USD Billion), 2018-2022
Table 26: Latin America Lithium-ion Battery Market Size, By End-User, By Value (USD Billion), 2018-2022
Table 27: The Middle-East & Africa Lithium-ion Battery Market Size, By Material, By Value (USD Billion), 2018-2022
Table 28: The Middle-East & Africa Lithium-ion Battery Market Size, By Type, By Value (USD Billion), 2018-2022
Table 29: The Middle-East & Africa Lithium-ion Battery Market Size, By Product, By Value (USD Billion), 2018-2022
Table 30: The Middle-East & Africa Lithium-ion Battery Market Size, By Capacity, By Value (USD Billion), 2018-2022
Table 31: The Middle-East & Africa Lithium-ion Battery Market Size, By End-User, By Value (USD Billion), 2018-2022
Table 32: LG Chem Ltd Financial Analysis
Table 33: LG Chem Ltd Business Overview
Table 34: GS Yuasa International Ltd. Financial Analysis
Table 35: GS Yuasa International Ltd. Business Overview
Table 36: Panasonic Corporation Corporation Financial Analysis
Table 37: Panasonic Corporation Corporation Business Overview
Table 38: Hitachi Chemical Co., Ltd. Financial Analysis
Table 39: Hitachi Chemical Co., Ltd. Business Overview
Table 40: Sony Corporation Financial Analysis
Table 41: Sony Corporation Business Overview
Table 42: Tianjin Lishen Battery Joint-Stock Co. Ltd Financial Analysis
Table 43: Tianjin Lishen Battery Joint-Stock Co. Ltd Business Overview
Table 44: Samsung SDI Financial Analysis
Table 45: Samsung SDI Business Overview
Table 46: BYD Company Limited Financial Analysis
Table 47: BYD Company Limited Business Overview
Table 48: Johnson Controls Financial Analysis
Table 49: Johnson Controls Business Overview
Table 50: A123 Systems LLC Financial Analysis
Table 51: A123 Systems LLC Business Overview
Table 52: Shenzhen Huayu New Energy Technology Co., Ltd. Financial Analysis
Table 53: Shenzhen Huayu New Energy Technology Co., Ltd. Financial Analysis
Table 54: NEC Corporation Financial Analysis
Table 55: NEC Corporation Financial Analysis
Table 56: Toshiba Corporation Financial Analysis
Table 57: Toshiba Corporation Financial Analysis
Table 58: Saft Financial Analysis
Table 59: Saft Financial Analysis
Table 60: Narada Power Source Co., Ltd. Financial Analysis
Table 61: Narada Power Source Co., Ltd. Financial Analysis
Table 62: Contemporary Amperex Technology Co. Financial Analysis
Table 63: Contemporary Amperex Technology Co. Financial Analysis
Table 64: Blue Energy Limited Financial Analysis
Table 65: Blue Energy Limited Financial Analysis
Table 66: BAK Group Financial Analysis
Table 67: BAK Group Financial Analysis
Table 68: Metran Co., Ltd Financial Analysis
Table 69: Metran Co., Ltd Financial Analysis
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