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Lithium-ion Battery Market - Drivers
- The augmented demand from the consumer electronics market due to enhanced consumer spending is one of the major factors driving lithium-ion battery market growth.
- Urbanization and an increase in the number of people earning in a family have led to an upsurge in disposable incomes worldwide.
- The increase in disposable incomes permits middle-class individuals to increase their living standards, which means that these people are willing to spend more on gadgets like laptops, smartphones, and smart wearables, owing to which the consumer electronics market is growing rapidly.
- As most of such consumer electronic goods operate on lithium-ion batteries, it is leading to the growth of the lithium-ion battery market.
Lithium-ion Battery Market - Trends
- The increased shipments of smart wearables will be a major trend that will fuel the growth of the lithium-ion battery market size.
- With the aim of capitalizing on the growing interest in this technology, many wearable product manufacturers have rolled out newer and updated versions of their products with vast improvements from their first-generation counterparts. They are also offering products that have improved performance and features to maintain the sales momentum of wearable devices.
- The significant decline in the cost of wearable devices has increased the adoption rate of these devices in both developed and developing countries.
- As smart wearables use lithium-ion batteries as the power source, the lithium-ion battery market is expected to grow simultaneously with an increase in the adoption of smart wearables.
Lithium-ion Battery Market - Challenges
- Factors such as the growing popularity of fuel cell solutions may impede the market growth.
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Some of key Lithium-ion Battery Players:
The Li-ion battery market is fragmented and the vendors are deploying growth strategies such as M&A and partnerships to compete in the market.
- A123 Systems LLC
- Amperex Technology Ltd.
- BYD Co. Ltd.
- Dalian CBAK Power Battery Co. Ltd.
- Envision Energy USA Ltd.
- Hitachi Ltd.
- LG Chem Ltd.
- Panasonic Corp.
- Samsung SDI Co. Ltd.
- Toshiba Corp.
Lithium-ion Battery Market - Segmentation Analysis
Application Outlook (Revenue, USD bn, 2020-2025)
- Automotive - size and forecast 2020-2025
- Consumer electronics - size and forecast 2020-2025
- Utilities - size and forecast 2020-2025
- Others - size and forecast 2020-2025
Geography Outlook (Revenue, USD bn, 2020-2025)
- APAC - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- North America - size and forecast 2020-2025
- South America - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
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Lithium-ion Battery Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 32.65% |
Market growth 2021-2025 |
USD 58.05 billion |
Market structure |
Fragmented |
YoY growth (%) |
27.73 |
Performing market contribution |
APAC at 48% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
A123 Systems LLC, Amperex Technology Ltd., BYD Co. Ltd., Dalian CBAK Power Battery Co. Ltd., Envision Energy USA Ltd., Hitachi Ltd., LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., and Toshiba Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Automotive - Market size and forecast 2020-2025
- Consumer electronics - Market size and forecast 2020-2025
- Utilities - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Appendix
- Vendors covered
- Market positioning of vendors
- A123 Systems LLC
- Amperex Technology Ltd.
- BYD Co. Ltd.
- Dalian CBAK Power Battery Co. Ltd.
- Envision Energy USA Ltd.
- Hitachi Ltd.
- LG Chem Ltd.
- Panasonic Corp.
- Samsung SDI Co. Ltd.
- Toshiba Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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Contacts
Technavio Research
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Media & Marketing Executive
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SOURCE Technavio
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