Press Release / Industry / Lithium-ion Battery Market 2018 - Top 10 Lithium Ion Battery Manufacturers Analysis

Lithium-ion Battery Market 2018 - Top 10 Lithium Ion Battery Manufacturers Analysis

The global lithium-ion battery market size is estimated to be valued over USD 100 billion by 2025. This growth is majorly attributed to rising demand for electric vehicles, consumer electronics, and energy storage solutions globally. Easy availability, high energy density, low-discharge rates and long life cycle are some of the key features which makes lithium-ion batteries preferable over its counterparts and expected to foster the global market revenue.

Increasing investments in energy efficient technologies such as the renewable sector is one of the key factor driving the market growth. For instance, in Netherlands, the Energy Investment Allowance (EIA) scheme encourages such investments by offering the investors benefits such as tax deductions on the invested amount. On an average the EIA, commissioned by the Ministry of Economic Affairs and Climate Policy, offers a 13.5% tax advantage. Shift towards renewable energy sources reduces the need to import electricity and optimizes energy demand and supply. According to the International Renewable Energy Agency (IRENA), battery storage in stationary applications is expected to grow at least 17-fold by 2030. Increasing stationary energy storage applications along with spurring demand for electric vehicles (EVs), especially among developing countries such as China, is expected to fuel the lithium-ion battery installations in the coming years.

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In 2017, consumer electronics accounted for more than 40% of the global lithium-ion battery revenue market share. As per a recent survey, global consumer electronics user penetration is 26.4% in 2018 and is projected to rise to 34.1% by 2022. The consumer electronics market is continuously evolving owing to constant technological advancements by the players across the globe. Additionally, manufacturers are reinventing and introducing innovations in these categories to enhance sales and drive higher margins. This has led to the improved sales of mature products such as LCDs, TVs and laptops on the back of rising digital consumers, thus, acting as a key factor driving the growth of consumer electronics segment.

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North America is projected to be second largest market for lithium-ion batteries over the forecast period. Increasing investments by key players towards the research & development of electric vehicles (EVs) is set to surge the overall product demand in the coming years. Strict regulatory standards for CO2 emissions, favourable government policies for adoption of electric vehicles such as tax rebate, financial incentives, lowers the up-front costs of plug-in electric vehicles in this region. Thus, aforementioned factors are responsible for the growth of the North American lithium-ion battery market. However, Asia Pacific is expected to grow with a rapid CAGR majorly due to widespread expansion of residential and commercial projects majorly in Southeast Asian economies such as India, China, etc.

The global lithium-ion battery market is highly fragmented owing to the presence of several players. Typically, majority of the players cater to their local market with strategy of rapid expansion overseas. Companies such as LG Chem, Samsung SDI, and Johnsons Controls have a broader presence within the global market.

Rising sales of electric vehicles is expected to drive the lithium – ion battery market by 2025. Read the more interesting facts about global lithium-ion battery Industry @ https://www.adroitmarketresearch.com/infographics/lithium-ion-battery-market

Key segments of the global lithium-ion battery market
Type Overview, 2015-2025 (MWh, USD Million)
• Lithium Cobalt Oxide Battery
• Lithium-Iron Phosphate Battery
• Lithium Nickel Manganese Cobalt Oxide Battery
• Lithium-Manganese Oxide Battery
• Lithium Nickel Cobalt Aluminium Oxide Battery
• Lithium-Titanate Battery

Application Overview, 2015-2025 (MWh, USD Million)
• Automotive
• Grid Energy Storage
• Consumer Electronics
• Others

Regional Overview, 2015-2025 (MWh, USD Million)
• North America
o US
• Europe
o France
o United Kingdom
o Germany
• Asia Pacific
o India
o Japan
o China
o South Korea
• Central & South America
o Brazil
• Middle East & Africa
o Saudi Arabia

The report has analyzed several players in the market, some of which include
• LG Chem Ltd.
• BYD Company Ltd.
• Johnson Controls
• Tesla Inc.
• GS Yuasa Corporation
• Toshiba Corporation
• Others

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