Lithium-Ion Battery Market with COVID-19 Impact Analysis, by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Power, Industrial), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The Lithium-Ion Battery Market size is projected to reach a CAGR of 11.3% from 2022 to 2028.
Lithium-ion batteries provide electrical power for everything, from smartphones to power tools, and electric vehicles to aerospace components. Lithium-ion batteries (LIB) are a family of batteries having high energy density, and unlike disposable lithium primary batteries, they use intercalated lithium compound instead of metallic lithium as the electrode.
Surging requirement for continuous power supply from critical infrastructures, increasing demand for plug-in vehicles, growing need for battery-operated material-handling equipment in industries due to automation, continued development of smart devices, and growing adoption of lithium-ion batteries in renewable energy sector are some of the factors that have supported long-term expansion for Lithium Cobalt Batteries Market.
The lithium-ion battery market was moderately impacted by the COVID-19 pandemic. In the prevailing COVID-19 situation, the expected growth of the market is expected to decline as the pandemic is restricting the supply of batteries and other components due to severe disruptions in businesses and the global economy.
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Regional Analysis
Asia-Pacific is likely to witness the highest growth in the market during the forecast, China and Japan are the world’s second-and third-largest markets, respectively, for electric vehicles. Continuous developments in the consumer electronics and automotive verticals have led to an increase in the application of lithium-ion batteries as they offer various advantages, such as high-power capacity, increased safety, and reduced pollution.
Competitive Landscape
Key Players
• SAMSUNG SDI CO.LTD.
• Panasonic Corporation
• BYD Company Ltd
• LG Chem
• CATL
• BAK Group
• ASPILSAN Energy
• Ultralife Corporation
• Triathlon Batteries Solutions, Inc.
• Nexeon Limited
• Future Hi-Tech Batteries
• TWS
• Kokam
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Recent Developments
• In May 2021, CATL and Daimler Truck AG announced the intensification of their existing partnership based on their shared vision of CO2-neutral electrified trucking. CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024.
• In December 2020, GS Yuasa Corporation announced the launch of its LIM30HL series of industrial lithium-ion battery modules. The battery modules in the LIM30HL series, while retaining the same dimensions as those of the existing LIM25H series, are upwardly compatible and feature a higher rated capacity and lower internal resistance.
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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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The Lithium-Ion Battery Market report answers a number of crucial questions, including:

Which companies dominate the Lithium-Ion Battery Market?

What current trends will influence the market over the next few years?

What are the market's opportunities, obstacles, and driving forces?

What predictions for the future can help with strategic decision-making?

What advantages does market research offer businesses?

Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?

What is the anticipated growth rate for the market economy globally?

Report Scope
Lithium-Ion Battery Marketis segmented into type, capacity, voltage, industry and region.
On the basis of Type
• Lithium Nickel Manganese Cobalt (LI-NMC)
• Lithium Iron Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Cobalt Aluminum Oxide (NCA)
On the basis of Capacity
• 0–3,000 mAh
• 3,000–10,000 mAh
• 10,000–60,000 mAh
• 60,000 mAh and Above
On the basis of Industry
• Low (Below 12V)
• Medium (12V – 36V)
• High (Above 36V)

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