Global Lithium-Ion Battery Industry to 2027 – Featuring A123, LG Chem and Toshiba Systems, Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Lithium-Ion Battery Market to 2027” Report has been added to from ResearchAndMarkets.com offer.
The global lithium-ion battery market reached a value of US$39.41 billion in 2021. Looking ahead, the editor expects the market to reach US$83.62 billion by 2027, posting a CAGR of 13.62% in 2022-2027.
A123 Systems LLC
AESC SDI CO., LTD.
LG Chem Ltd.
SAMSUNG SDI CO., LTD.
Limited Amperex Technology
Limited blue energy
BYD Company Ltd.
CBAK Energy Technology Inc.
Tianjin Lishen Battery Joint-Stock CO., LTD.
Valence Technology Inc.
SK innovation Co.Ltd
Keeping in mind the uncertainties of COVID-19, they continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor
A lithium-ion battery (LIB) is a rechargeable battery that uses an intercalated lithium compound as the electrode. Composed of anode, cathode and electrolyte, it is an electrochemical storage device that does not require full discharge before recharging. It is characterized by higher energy density, minimal maintenance and lower self-discharge rates compared to its counterparts, such as nickel-cadmium batteries. It also offers a good energy-to-weight ratio and a high open circuit voltage. In addition, it does not require a programmed cycle to improve its lifespan. As a result, LIB finds wide application in many industry verticals, such as consumer electronics and automotive.
A significant increase in the adoption of consumer electronics globally represents the major driving force behind the market. In this light, the growing penetration of portable variants, such as smartphones, laptops, digital cameras, game consoles, and torches, along with high-speed internet connectivity, are contributing significantly to the growth of the market. . The increasing use of these electronic devices has created an incessant demand for high quality rechargeable batteries, which is expected to provide impetus for the growth of the market.
Along with this, LIB is an indispensable component of electric vehicles (EV). The emphasis on sustainable development and growing awareness of the harmful effects of the use of traditional automobiles have given impetus to the growth of the market. Moreover, the governments of many countries are offering subsidies and implementing favorable initiatives to promote the sales of electric vehicles, which is expected to create a positive outlook for the market. Additionally, LIBs are widely used as a crucial component in grid energy storage, such as solar arrays. Rising demand for uninterrupted power supply acts as another major growth driver
Answers to key questions in this report:
How has the global lithium-ion battery market behaved so far and how will it behave in the coming years?
What has been the impact of COVID-19 on the global lithium-ion battery market?
What are the main regional markets?
What is the market breakdown by product type?
What is the market breakdown by power capacity?
What is the market breakdown based on application?
What are the price trends for lithium-ion batteries?
What are the different stages of the industry value chain?
How are lithium-ion batteries made?
What are the major market drivers and challenges?
What is the structure of the global lithium-ion battery market and who are the major players?
How competitive is the market?
Main topics covered:
2 Scope and methodology
3 Executive summary
4.2 Key Industry Trends
5 Global Lithium Ion Battery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakdown by Product Type
5.5 Market Breakdown by Power Capacity
5.6 Market Breakdown by Application
5.7 Market Breakdown by Region
5.8 Market Forecast
5.9 SWOT analysis
5.10 Value chain analysis
5.11 Analysis of the five forces of carriers
5.12 Price Analysis
6 Market Breakdown by Product Type
7 Market Breakdown by Power Capacity
8 Market Breakdown by Application
9 Market Breakdown by Region
10 Manufacturing process of lithium-ion batteries
10.1 Product Overview
10.2 Raw material requirements
10.3 Manufacturing process
10.4 Key Success and Risk Factors
11 Competitive landscape
11.1 Market structure
11.2 Key Players
11.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/27vwb9