Overview and Scope
The rechargeable poly lithium-ion battery is a rechargeable battery that uses lithium as one of its electrodes and solid polymer as its electrolyte as in lithium-ion batteries. These batteries have a larger energy density and can be charged and discharged several times before losing their ability to hold a charge. It is commonly used in mobile devices, power banks, laptops, small media players, and other wireless gadgets.
Sizing and Forecast
The rechargeable poly lithium-ion battery market size has grown strongly in recent years. It will grow from $144.17 billion in 2023 to $153.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to emergence of portable electronics, advancements in electric vehicles (evs), increasing renewable energy integration, consumer electronics boom, government initiatives and incentives .
The rechargeable poly lithium-ion battery market size is expected to see strong growth in the next few years. It will grow to $198.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rapid growth in electric vehicle market, energy transition and storage, industry 40 and iot integration, continued innovation, energy storage for grid applications. Major trends in the forecast period include technological advancements, electric vehicle adoption, portable electronics growth, government policies and incentives, supply chain challenges.
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Segmentation & Regional Insights
The rechargeable poly lithium-ion battery market covered in this report is segmented –
1) By Component: Cathode, Anode, Electrolytic Solution, Other Components
2) By Structure: Cylindrical, Prismatic
3) By Application: Electric Vehicles, Consumer Electronics, Power, Industrial, Other Applications
Asia-Pacific was the largest region in the rechargeable poly lithium-ion battery market in 2023. The regions covered in the rechargeable poly lithium-ion battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing the sales of electric vehicles is significantly contributing to the growth of the rechargeable poly lithium-ion battery market going forward. An electric vehicle (EV) refers to a vehicle with an electric motor that can take power from a battery and can be charged from an external source. Rechargeable poly lithium-ion batteries are used in electric vehicles as a fuel source for running due to their higher energy density, lightweight, and safety as they do not use a liquid electrolyte. For instance, in July 2023, according to a report by the International Energy Agency, a France-based autonomous intergovernmental organization, globally, the electric car market experienced growth, with sales surpassing 10 million in 2022. The percentage of electric cars in overall car sales rose from 9% in 2021 to 14% in 2022. Therefore, an increase in the sales of electric vehicles will drive the rechargeable poly lithium-ion battery market.
Key Industry Players
Major companies operating in the rechargeable poly lithium-ion battery market report are Samsung Electronics Co. Ltd., 3M, Koninklijke Philips N.V., Motorola Solutions Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Olympus Corporation, Nikon Corporation, Sony Corporation, LiPol Battery Co. Ltd., Shenzhen Honcell Energy Co. Ltd., Panasonic Holdings Corporation, Amara Raja Batteries Limited, Exide Industries Ltd., Tata Chemicals Limited, Maxell Holdings Ltd., Eastman Kodak Company, YOK Energy Co. Ltd., China manufacturer LiPol Battery Co. Ltd., Engionix Inc., LG Chem Ltd., Hitachi Maxell Ltd., Energizer Holdings Inc., BYD Company Limited, A123 Systems LLC, E-One Moli Energy Corp., GS Yuasa Corporation, Saft Groupe S.A., Valence Technology Inc.
The rechargeable poly lithium-ion battery market report table of contents includes:
1. Executive Summary
2. Rechargeable Poly Lithium-Ion Battery Market Characteristics
3. Rechargeable Poly Lithium-Ion Battery Market Trends And Strategies
4. Rechargeable Poly Lithium-Ion Battery Market – Macro Economic Scenario
5. Global Rechargeable Poly Lithium-Ion Battery Market Size and Growth
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31. Global Rechargeable Poly Lithium-Ion Battery Market Competitive Benchmarking
32. Global Rechargeable Poly Lithium-Ion Battery Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Rechargeable Poly Lithium-Ion Battery Market
34. Rechargeable Poly Lithium-Ion Battery Market Future Outlook and Potential Analysis
35. Appendix
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