Lithium-Ion Battery Markets Over $180 Billion (LCO, LFP, NCA, LMO, LTO, NMC) – Global Trend Analysis and Segment Forecast to 2030 – ResearchAndMarkets.com

0

DUBLIN–(BUSINESS WIRE)–The “Analysis Report of the Lithium Ion Battery Market Size, Share, and Trends by Product (LCO, LFP, NCA, LMO, LTO, NMC), by Application (Consumer Electronics, Data Storage Systems, ‘energy, industrial), by region and segment forecast, 2022 -2030’ report has been added to from ResearchAndMarkets.com offer.

The global lithium-ion battery market size is expected to reach USD 182.53 billion by 2030, growing at a CAGR of 18.1% from 2022 to 2030.

The market is expected to witness significant growth over the forecast period owing to the growing consumption of rechargeable batteries in consumer electronics and an increase in the adoption of electric vehicles.

Rising sales of electric vehicles, along with the expansion of the renewable energy sector, are expected to boost the market. Emergence of integrated charging stations, green power generation capacity, eMobility providers, battery manufacturers and power providers are expected to drive the market growth in the coming years.

Rising sales of electric vehicles in the United States due to favorable federal policies, coupled with the presence of market players in the country, are expected to drive the demand for lithium-ion batteries in the United States during the period. forecast.

Conducive government policies for infrastructure development at the national level through the United States National Infrastructural Plan (NIP) are expected to aid the growth of the market in the United States during the forecast period. The development of the automotive industry in Indonesia, Vietnam, Mexico, Thailand and India is expected to boost the industry.

The increasing inclination towards HEVs and non-polluting EVs, along with technological developments, are expected to drive the demand for lithium-ion batteries over the forecast period. China is expected to see high gains in light of energy storage technologies and favorable government support to promote manufacturing investment.

The growing number of portable consumer electronics that rely on batteries has led to increased consumption of rechargeable batteries. Portable devices, including smartphones, digital cameras, MP3 players, and laptop computers, require rechargeable batteries to provide effective and efficient power. Battery technology is constantly evolving to meet the high performance and power density demands of devices.

High demand for LCO batteries in mobile phones, tablets, laptops and cameras owing to their high energy density and high level of safety is expected to augment the market growth over the forecast period . However, the relatively short lifespan of LCO batteries, combined with poor thermal stability and limited charge capacities (specific power), is likely to act as a drag on the market.

Electric and hybrid vehicles are expected to be the main consumers of lithium-ion batteries in the coming years. Growing mass awareness of the benefits offered by battery-powered vehicles and rising fossil fuel prices, especially in Asia-Pacific, Europe and North America, are expected to contribute to the growth of the automotive application segment during of the forecast period.

COVID-19 has been a major restraint for the market due to several factors including reduction in operational costs by end users coupled with disruption in the availability of spare parts due to slow manufacturing activities and logistical problems.

Highlights of the Lithium Ion Battery Market Report

  • In 2021, the consumer electronics applications segment held the largest revenue share of over 40.0%. Portable batteries are incorporated into portable devices and consumer electronics. Portable battery applications include cell phones, laptops, computers, tablets and other portable devices.

  • In 2021, the LCO product segment accounted for the largest revenue share of over 30.0%. High demand for LCO batteries in mobile phones, tablets, laptops and cameras owing to their high energy density and high level of safety is expected to augment the market growth over the forecast period .

  • The United States has become the largest market in North America in 2021. Rising sales of electric vehicles in the country thanks to favorable federal policies, coupled with the presence of several players in the United States market, are expected to boost the demand for lithium-ion batteries.

  • In CSA, lithium-ion batteries are frequently used battery types for electrical energy storage (EES) due to applications including stand-alone systems with PV, backup power systems, and battery systems. for the attenuation of fluctuations in the production of wind and solar energy.

  • In Brazil, the government is taking various initiatives to support the electric vehicle market by waiving the annual car ownership tax and import tax on electric vehicles. This is expected to fuel the demand for lithium-ion batteries over the next few years.

Market dynamics

Market Driver Analysis

  • Growing adoption of electric vehicles

  • Growing consumption of rechargeable batteries in consumer electronics

  • Increase government funding in network facilities

Market Restriction Analysis

  • Growing demand for substitutes

Business Environment Scan: Lithium Ion Battery Market

Analysis of key raw materials

  • Information on the seasonality of raw materials

  • Lithium

  • Nickel and high nickel alloys

  • Graphite

  • Conductive additive (carbon black)

Technology outlook

  • Lithium-ion battery technologies, by product type (chemicals)

  • List of technology licensors

  • Economic Comparison of Lithium-Ion Battery Manufacturing Technologies (by Product Chemistry)

Regulatory framework

  • Government regulations and policy framework by key countries

  • EV policies

  • Required Approvals

  • For the manufacture

  • For distribution

  • For end use

Ideal location for manufacturing lithium-ion batteries in India

Availability of raw materials

  • Cost analysis by product type (chemicals)

  • Price analysis by quality, product (chemical) and end use

Impact of COVID-19 on the lithium-ion battery market

Companies cited

  • Gs Yuasa Corporation Ltd.

  • Byd Company Ltd.

  • A123 Systems, LLC

  • Johnson Controls

  • Nec Corporation

  • Panasonic Company

  • Duracell Inc.

  • Electrochemistry

  • Sk Innovation Co. Ltd.

  • Energizing

  • Cbak Energy Technology, Inc.

  • You’re here

  • Renault group

  • Samsung Sdi Co.Ltd.

  • Toshiba Company

  • LG Chemistry

  • Saft

  • Contemporary Amperex Technology Co. Limited

For more information on this report, visit https://www.researchandmarkets.com/r/bpxi1s


Source link

Share.

About Author

Comments are closed.