Global Lithium Ion Battery Market Overview
size was valued at USD 56.12 Billion in 2023 and the total Lithium Ion Battery Market revenue is expected to grow at a CAGR of 18.25% from 2024 to 2030, reaching nearly USD 181.45 Billion.
Lithium Ion Battery Market Overview
Lithium-ion batteries, often known as Li-ion batteries, are a form of rechargeable battery that is extensively utilised in contemporary electronics and transportation. The need for lithium-ion batteries has increased due to the rise in popularity of electric vehicles, such as motorbikes and cars. Furthermore, there has been a noticeable increase in demand for lithium-ion batteries as a result of the widespread use of these batteries in consumer devices like laptops and mobile phones.
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Lithium Ion Battery Market Regional Insights
In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the Lithium Ion Battery market conditions in various nations thanks to the research's regional analysis. The Lithium Ion Battery market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.
Lithium Ion Battery Market Segmentation
by Type
Li-NMC
LFP
LCO
LTO
The Lithium Ion Battery Market is divided into four segments based on type: Li-NMC, LFP, LCO, and LTO. In 2023, the Lithium Cobalt Oxide (LCO) category accounted for 34.14% of the market, the biggest share. The demand for products in this market is being driven by the increasing use of LCO batteries in electric bikes, power tools, and other electric powered trains. Additionally, during the forecast period, their demand is anticipated to rise due to their reduced cost, longer cycle life, and higher energy density.
by Application
Automotive
Marine
Aerospace and Defense
Industrial
Consumer Electronics
Others
The Automotive segment, accounting for 35.12% of the market in 2023, is experiencing growth due to increased awareness of battery-powered vehicles and rising fossil fuel prices.
by Material
Cathode Material
Anode Materials
by Capacity
0 to 3,000 mAh
3,000 to 10,000 mAh
10,000 to 60,000 mAh
60,000 mAh and Above
by Voltage Low (Below 12 V)
Medium (12 V-36 V)
High (Above 36 V)
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Lithium Ion Battery Market Key Players
1. A123 Systems LLC (United States)
2. Tesla Inc (United States)
3. Enphase Energy, Inc. (United States)
Europe Lithium Ion Battery Market:
1. JOHNSON CONTROLS (Ireland)
2. Saft (France)
3. VARTA AG (Germany)
4. LITHIUM WERKS (Netherlands)
Asia Pacific Lithium Ion Battery Market
North America
1. EnerSys
2. Livent
3. Ballard Power Systems
4. QuantumScape
5. East Penn
6. Electrovaya
Europe
7. Northvolt
8. Skeleton Technologies
9. EAS Batteries
10. Blue Solutions
11. Forsee Power
List of Contents : Lithium Ion Battery Market
Part 01: Executive Summary
Part 02: Scope of the Lithium Ion Battery Market Report
Part 03: Lithium Ion Battery Market Landscape
Part 04: Lithium Ion Battery Market Sizing
Part 05: Lithium Ion Battery Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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