This market research report covers the global and regional market with an in-depth analysis. Furthermore, it sheds light on the comprehensive competitive situation of the global and regional markets.
— Lithium batteries are primary batteries that have lithium as an anode. These types of batteries are also referred to as lithium-metal batteries.
This report also covers the recent COVID-19 and its impact on Lithium Batteries Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
The increasing demand for zero-emission vehicles and plug-in vehicles, the growing concern on environmental-friendly transportation tools, and increasing investment towards the construction of EV charging infrastructure are major factors that driving the Lithium Batteries market growth. Apart from this, continuous technological advancements to reduce the weight of batteries, cost, and increase their power output is anticipated to give vigor to market growth. However, factors such as the increasing demand-supply mismatch of the raw materials and safety issues related to storage and transportation of spent batteries will hinder the market growth during the forecast period.
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The Major Players Profiled in This Report Include:
Sony Energy Devices Corporation
BYD Company Limited
Amperex Technology Limited
GS Yuasa Corporation
In March 2016, Daimler AG invested USD 586.7 million to install the second lithium-ion batteries facility in Germany for electric vehicles and hybrids under the Mercedes-Benz brand.
In January 2016, Nissan invested USD 31.0 million to manufacture future-generation electric vehicle batteries at its advanced lithium-ion battery plant in Sunderland.
The Type and Application Analysis:
Type Outlook (Revenue, USD Million; 2014-2026):
Lithium Cobalt Oxide (LCO)
Lithium Iron Phosphate (LFP)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Manganese Oxide (LMO)
Lithium Titanate (LTO)
Lithium cobalt oxide (LCO) held the largest Lithium Battery market share. High energy density acts as a power source for consumer electronics. The energy density of any LCO battery is very high, but it has low stability and power density. Its life cycle is not as long as its counterparts, whereas the cost of manufacturing these batteries is fairly reasonable owing to the use of graphite carbon and cobalt.
Application Outlook (Revenue, USD Million; 2014-2026):
Energy Storage Systems
The automotive segment occupied the largest market share and is expected to witness robust growth due to the increasing emphasis on plug-in vehicles and zero-emission vehicles. Continuous technological advances towards improving battery life & performance optimization and increasing investment towards the construction of EV charging infrastructure will also further stimulate the growth of the industry. Furthermore, high power and energy density, high-level safety, increased venture capital funding, and initiatives taken by the government to encourage the adoption of lithium batteries worldwide are some of the other major driver factors.
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Asia-Pacific dominated the Lithium Batteries market in 2019. With the increasing deployment of electric vehicles in countries, such as China and India, and the high demand for electronics, the usage of lithium-ion batteries is expected to witness significant growth in the region. China is one of the largest electric vehicle markets in the Asia Pacific region. China's government has provided financial as well as non-financial incentives to encourage the adoption of electric vehicles. The growing adoption of electric vehicles was in line with its clean energy policy.
Lithium Batteries Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Lithium Batteries Market by Types
Chapter 4 Segmentation of Lithium Batteries Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Lithium Batteries Market in Major Countries
Chapter 7 North America Lithium Batteries Landscape Analysis
Chapter 8 Europe Lithium Batteries Landscape Analysis
Chapter 9 Asia Pacific Lithium Batteries Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Lithium Batteries Landscape Analysis
Chapter 11 Major Players Profile
11.1 Panasonic Corporation
11.1.1 Panasonic Corporation Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 LG Chem
11.2.1 LG Chem Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 Sony Energy Devices Corporation
11.3.1 Sony Energy Devices Corporation Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered by This Report:
What is the size and CAGR of the Lithium Batteries Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Lithium Batteries Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Lithium Batteries Market?
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