The global lithium-ion battery market size is projected to reach USD 135.1 billion by 2031, at a CAGR of 13.1% during the forecast period.
Rechargeable lithium-ion batteries are a modern battery technology that heavily relies on lithium ions in its electrochemistry. When compared to other batteries, the Li-ion battery has the ability to have a very high voltage and charge storage per unit mass and unit volume. Low self-discharge, high energy density, and a prolonged lifetime with faster charging are characteristics of lithium-ion batteries. It is frequently used in electronic consumer products including computers, PDAs, iPods, cell phones, as well as in the automotive, military, and aerospace industries. All electronic devices use the rechargeable battery known as lithium-ion. The smartphones, tablets, and PCs category is predicted to rule the market for all electronic devices.
Lithium-Ion Battery Market Overview:
Lithium ions are a crucial part of the electrochemistry of a lithium-ion (Li-ion) battery, which is a high-performance battery. In comparison to other batteries, such as SLI batteries, lithium-ion batteries have a relatively high voltage and charge storage capacity per unit mass and volume. Lithium-ion batteries are more durable because of their low self-discharge, greater energy density, and faster charging times. Electronic consumer items including PCs, PDAs, iPods, and mobile phones as well as the automotive, military, and aerospace industries all use it extensively. A variety of electrical devices use lithium-ion batteries, a type of rechargeable battery. All electronic devices are expected to be dominated by the group consisting of smartphones, tablets, and PCs.
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Comparing Li-ion batteries to other premium rechargeable battery technologies, they provide a number of benefits. They provide one of the highest energy densities of any battery technology now in use (100-265 Wh/kg or 250-670 Wh/L). 3.6 Volts is the maximum voltage that Li-ion battery cells can produce, which is three times more than Ni-Cd or Ni-MH technology. Additionally, Li-ion batteries self-discharge at a low rate of 1.5 to 2% per month.
This report examines all the key factors influencing growth of global Lithium Ion Battery market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Lithium Ion Battery market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Market Segmentation
Global Lithium Ion Battery Market: Major Players
VARTA Storage
Saft Groupe
LG Chem
GS Yuasa
Panasonic
Samsung SDI
Toshiba
Johnson Controls
CALB
Hitachi
Farasis Energy
BYD Company
Sila Nanotechnologies
Lithium Werks
BAK Group
Types
Lithium Cobalt Oxide
Lithium Manganese Oxide
Ferrous Phosphate Lithium
Lithium Nickel Manganese Cobalt Oxide (NMC)
Applications
Electric Vehicles
Consumer Electronics
Energy Storage
Medical
Others
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Global Lithium Ion Battery Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of this market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Frequently Asked Questions
How big was the lithium-ion battery market in 2022?
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