[Latest] Lithium Ion Battery Market Size Worth USD 149.2 Billion, Globally, by 2028 at 22.80% CAGR | Markets N Research

As per Markets N Research, the lithium ion battery market is projected to grow at a CAGR of 22.80%, with estimated market size of USD 43.5 billion in 2021 to USD 149.2 billion by 2028.


Chicago, Nov. 22, 2022 (GLOBE NEWSWIRE) -- The report "Lithium ion battery Market by Product (Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate, Lithium Nickel Manganese Cobalt), Application (Consumer Electronics {Smartphones & Tablet/P.C., UPS, Others} Automotive {Cars, Buses, & Trucks, Scooters & Bikes, Trains & Aircraft}, Industrial, Energy Storage System), Component (Cathode, Anode, Electrolytic Solution, Others), Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, 60,000 mAh and Above), Voltage (Low (Below 12V), Medium (12V – 36V), High (Above 36V)) – Global Forecast to 2028" states that, The lithium ion battery market is projected to grow from USD 43.5 billion in 2021 and is projected to reach USD 149.2 billion by 2028; it is expected to grow at a CAGR of 22.80% from 2022 to 2028.

The increased demand for consumer electronics worldwide is one of the main drivers of the lithium ion battery market. The growing usage of portable electronics like computers, game consoles, smartphones, flashlights, digital cameras, and high-speed internet connectivity has a favorable impact on the market. The surge in demand for expensive rechargeable batteries also hastens the market's expansion. Furthermore, using these electronics and lithium ion batteries, which are crucial components of electric vehicles, is another factor driving the market. The increased focus also impacts the market on sustainable development and the growing public awareness of the drawbacks of driving conventional vehicles. On the other hand, safety concerns regarding the handling and storage of used batteries and the high price of battery-powered industrial vehicles are anticipated to restrain market expansion.

Request a Sample Copy of the Research Report: https://marketsnresearch.com/sample/1574

Industry Developments:

  • In February 2022, Panasonic Holdings Corporation is establishing a production plant in western Japan's Wakayama Factory to grow its business internationally to produce new "4680" lithium-ion batteries for electric vehicles. Mass manufacturing and productivity verification are projected to start after the fiscal year 2024 has ended.
  • In September 2021, the JDA (Joint Development Agreement) between the Toshiba Corporation, Sojitz Corporation, and CBMM aimed to commercialize the next-generation lithium-ion batteries employing niobium titanium oxide as the anode material.

Download PDF Brochure: https://marketsnresearch.com/sample/1574

Lithium Ion Battery Market Dynamics: Drivers, Restraints, Opportunities

Drivers: Increased use of batteries in energy storage and grid systems
Restraints: Rising concern in transportation and storage of spent batteries
Opportunities: Increasing sales of electric cars to combat climate change

Report Highlights:

Report CoverageDetails
Forecast Period2022-2028
Forecast Period 2021 to 2028 CAGR22.80%
2028 Value Projection149.2 billion
Base Year2021
Market Size in 202143.5 billion
Historical Data for2018 - 2021
No. of Pages190
Segments coveredBy Product, By Application, By Component, By Capacity, By Voltage

Enquiry Before Buying @ https://marketsnresearch.com/buying-request/1574

List Of Key Players in Lithium Ion Battery Market:

  • Panasonic Corporation
  • BYD Company
  • Samsung SDI
  • L.G. Chem
  • Contemporary Amperex Technology Co. Ltd
  • Toshiba Corporation
  • Saft Group S.A.
  • BAK Power
  • Automotive Energy Supply Corporation
  • A123 System

Market Highlights:

Increased use of batteries in energy storage and grid systems

The companies that use these batteries benefit from rigorous government regulations that are implemented to control rising pollution levels. Energy storage and renewable energy production are current priorities for the power sector. One of the main factors influencing the use of Li-ion batteries in smart grid and energy storage systems is their low cost, low self-discharge rate, and small installation area requirements. These batteries are perfect for usage in isolated locations and thermal control applications since they are more resistant to high temperatures.

Browse Summary of this Research Report: https://marketsnresearch.com/report/1574/global-lithium-ion-battery-market/

Segmentation of Global Lithium Ion Battery Market-
Global Lithium Ion Battery Market – By Product

  • Lithium Cobalt Oxide (LCO)
  • Lithium Iron Phosphate (LFP)
  • Lithium Nickel Cobalt Aluminum Oxide (NCA)
  • Lithium Manganese Oxide (LMO)
  • Lithium Titanate
  • Lithium Nickel Manganese Cobalt

Global Lithium Ion Battery Market – By Application

  • Consumer Electronics
    • Smartphones & Tablet/PC
    • UPS
    • Others
  • Automotive
    • Cars, Buses, & Trucks
    • Scooters & Bikes
    • Trains & Aircraft
  • Industrial
  • Energy Storage System

Global Lithium Ion Battery Market – By Component

  • Cathode
  • Anode
  • Electrolytic Solution
  • Others

Global Lithium Ion Battery Market – By Capacity

  • 0–3,000 mAh
  • 3,000–10,000 mAh
  • 10,000–60,000 mAh
  • 60,000 mAh and Above

Global Lithium Ion Battery Market – By Voltage

  • Low (Below 12V)
  • Medium (12V – 36V)
  • High (Above 36V)

The consumer electronics category in the lithium ion battery market is expected to be the fastest-growing segment during the forecast period

The consumer electronics category is projected to grow the fastest during the forecast period. Consumer electronics items and portable devices both need portable batteries. Mobile phones, laptops, desktops, tablets, torches or lanterns, LED lighting, digital cameras, vacuum cleaners, wristwatches, calculators, hearing aids, and other wearable gadgets are just a few things that can use portable batteries. Commercial buildings, data centers, and institutions can also get backup power from lithium-ion batteries. Additionally, household solar P.V. systems favor lithium-ion batteries for energy storage. During the projection period, these factors will accelerate the expansion of the application segment for energy storage systems.

Automotive category of the lithium ion battery market to record the highest CAGR from 2022 to 2028

The automotive category is expected to account for the highest CAGR of the lithium ion battery market from 2022 to 2028. This is primarily because major emerging and developed nations are increasingly focusing on lowering carbon emissions and switching to electric cars (E.V.s). A record year for electric car sales, 2019 saw 2.1 million electric vehicle sales globally and 7.2 million electric vehicle inventories. Additionally, in 2019 the stock of electric vehicles increased by almost 40% year over year and represented about 1% of all vehicle sales internationally, accounting for 2.6% of all vehicle sales overall.

Ask For Customization @ https://marketsnresearch.com/customization-request/1574

Regional Insights:

Asia Pacific is anticipated to grow at a significant rate in lithium ion battery market share from 2022 to 2028

Asia Pacific is the fastest-growing region in the lithium ion battery market. China dominates the Asia-Pacific region's lithium-ion battery market. Lithium-ion battery production is thought to be concentrated in China. The growth in demand for smartphones and tablets in developing nations like China, Japan, and India is driving the lithium-ion battery market in Asia-Pacific. Expanding disposable income and rising consumer awareness of lithium-ion batteries in the market throughout the projection period are two additional factors boosting the region's lithium-ion battery market.

Still, Looking for More Information? OR Want Data for Inclusion in Magazines, Case Studies, Research Papers or Media?

Email Directly Here with Detail Information: sales@marketsnresearch.com

About Markets N Research

When it comes to investing and money matters, you need the leading market research consultancy firm to help you make the right decisions during the toughest business questions and decisions. Markets N Research is the leading research company offering both tactical and strategic support to all our customers. Customer satisfaction is our goal and that is why, we have a team of skilled and experienced specialist with the ability to do data mining, information management, and revenue enhancement solutions to ensure that our clients make informed decisions when coming to investing in the market.

Markets N Research team is comprised of well skilled and equipped personnel ready to concur any upcoming challenges in the market sector for both individual people and organization around the world. We know time is money, and therefore we ensure we solve your problem within the shortest time possible to prevent delays or missing any opportunities. We use globally accepted techniques with a little innovation from our staff in solving all your market research related challenges.

Contact Us:
Markets N Research
US: +1-773-649-1529
Email:- sales@marketsnresearch.com
Website: https://marketsnresearch.com/
Follow on Linkedin: https://www.linkedin.com/company/markets-n-research
Follow on Twitter: https://twitter.com/marketsnr
Like us on Facebook: https://www.facebook.com/Markets-N-Research-108839598639025

Browse More Energy Industry Reports @ https://marketsnresearch.com/category/energy-and-power/48

Global Combined Heat & Power Installation Market by Types (Large Scale, Small Scale) and by End-Users/Application (Natural Gas, Coal, Biomass) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 - 2027

Global Energy as a Service Market by Product Type (Supply Services, Demand Services and Energy Optimization Services) and by End-Users/Application (Commercial and Industrial) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2020 - 2027



Coordonnées