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Global Lithium-ion Battery Market: By Product Type: Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt, Lithium Manganese Oxide, Others; By Power Capacity; By Application; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments; 2018-2028

Global Lithium-Ion Battery Market Outlook

The global lithium-ion battery market attained a value of USD 31.6 billion in 2020. The market is further anticipated to grow at a healthy CAGR of 10.7% during the forecast period of 2023-2028 to reach USD 58.3 billion by 2026.

 

Global Lithium-Ion Battery Market

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On the basis of the product types, the lithium cobalt oxide battery is estimated to have the largest market share in 2020 as it has a high specific energy, which makes it suitable to use in various electronic devices. Based on the power capacity, the batteries with a capacity between 0 to 3000mAh accounted for the significant market share. The batteries are widely used in consumer electronics such as digital cameras and camcorders, mobile phones, and handheld gaming consoles.

Based on the application, the consumer electronics segment is likely to experience a robust growth in the lithium-ion battery market owing to the demand for safe and inexpensive batteries with a higher energy density. Regionally, the Asia Pacific is estimated to dominate the global lithium-ion battery market in 2020. The regional growth is accredited to the presence of prominent original equipment manufacturers (OEMs) of batteries in the region.

 

Properties and Applications

A lithium-ion battery (LIB) is a rechargeable battery having a high energy density. Li-ion battery comprises of three components that include the anode, cathode, and an electrolyte. These batteries are relatively lighter than other rechargeable variants of the same size, require low maintenance, and have a much lower self-discharge rate than nickel-cadmium batteries. Since LIBs do not require complete discharge before recharging; hence, these batteries are used in numerous devices which consume more energy such as watches, mobile devices, cameras, pacemakers, and personal computers. On account of the aforementioned factors, lithium-ion batteries are considered ideal for modern fuel gauge applications.

 

Global Lithium-Ion Battery Market By Application

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The major product types in the global lithium-ion battery market are:

  • Lithium Cobalt Oxide
  • Lithium Iron Phosphate
  • Lithium Nickel Manganese Cobalt
  • Lithium Manganese Oxide
  • Others

The market can be broadly segregated on the basis of its power capacity into:

  • 0 to 3000mAh
  • 3000mAh to 10000mAh
  • 10000mAh to 60000mAh
  • More than 60000mAh 

Based on the applications, the global lithium-ion battery market is fragmented into:

  • Consumer Electronics
  • Electric Vehicles
  • Energy Storage
  • Others

The EMR report looks into the regional markets in the global lithium-ion battery market like North America, the Asia Pacific, Europe, the Middle East and Africa, and Latin America.

 

Global Lithium-Ion Battery Market By Region

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Market Analysis

The growing internet penetration and rising purchasing power of users, especially across the emerging economies, has resulted in increased sales of portable electronic devices such as mobiles and laptops. In addition, numerous advantages offered by lithium-ion batteries are likely to strengthen the growth of the lithium-ion battery market. The rising awareness amongst the users regarding the reduced greenhouse gas emissions associated with the usage of electric vehicles enables the consumers to shift from traditional automobiles to electric vehicles. Moreover, increasing fluctuations in the demand and supply for electricity have further bolstered the demand for LIBs batteries in energy storing devices. Furthermore, stringent government regulations for a pollution-free environment are positively influencing the lithium-ion battery market growth. 

However, the industry is witnessing fluctuations in the logistics cost of Li-ion batteries due to changes in the regulatory framework. The various requirements, prohibitions, ban on the transportation of Li-ion batteries is projected to restrain the market growth up to some extent.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global lithium-ion battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Contemporary Amperex Technology Co., Limited (CATL),
  • LG Energy Solution
  • Panasonic Corporation
  • BYD Company Ltd.
  • Samsung SDI Co., Ltd.
  • SK Innovation Co., Ltd.
  • CALB-CALB Co., Ltd. (CALB)
  • Shenzhen Grepow Battery Co., Ltd.
  • Toshiba Corporation
  • A123 Systems LLC
  • ENVISION AESC GROUP LTD
  • Tianjin Lishen Battery Joint-Stock Co., Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Power Capacity
  • Application
  • Region
Breakup by Product Type
  • Lithium Cobalt Oxide
  • Lithium Iron Phosphate
  • Lithium Nickel Manganese Cobalt
  • Lithium Manganese Oxide
  • Others
Breakup by Power Capacity
  • 0 to 3000mAh
  • 3000mAh to 10000mAh
  • 10000mAh to 60000mAh
  • More than 60000mAh 
Breakup by Application
  • Consumer Electronics
  • Electric Vehicles
  • Energy Storage
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Contemporary Amperex Technology Co., Limited (CATL),
  • LG Energy Solution
  • Panasonic Corporation
  • BYD Company Ltd.
  • Samsung SDI Co., Ltd.
  • SK Innovation Co., Ltd.
  • CALB-CALB Co., Ltd. (CALB)
  • Shenzhen Grepow Battery Co., Ltd.
  • Toshiba Corporation
  • A123 Systems LLC
  • ENVISION AESC GROUP LTD
  • Tianjin Lishen Battery Joint-Stock Co., Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Lithium-ion Battery Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Lithium-ion Battery Historical Market (2018-2022) 
    8.3    Global Lithium-ion Battery Market Forecast (2023-2028)
    8.4    Global Lithium-ion Battery Market by Product Type
        8.4.1    Lithium Cobalt Oxide
                8.4.1.1    Market Share
                8.4.1.2    Historical Trend (2018-2022)
                8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Lithium Iron Phosphate
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Lithium Nickel Manganese Cobalt
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Lithium Manganese Oxide
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    Global Lithium-ion Battery Market by Power Capacity
        8.5.1    0 to 3000mAh
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    3000mAh to 10000mAh
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    10000mAh to 60000mAh
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    More than 60000mAh
                8.5.4.1    Market Share
                8.5.4.2    Historical Trend (2018-2022)
                8.5.4.3    Forecast Trend (2023-2028)
    8.6    Global Lithium-ion Battery Market by Application
        8.6.1    Consumer Electronics
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Electric Vehicles
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Energy Storage
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Lithium-ion Battery Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028) 
9    North America Lithium-ion Battery Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Lithium-ion  Battery Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Lithium- ion Battery Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Lithium-ion Battery Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Lithium-ion Battery Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.3.1    Contemporary Amperex Technology Co., Limited (CATL)
            16.3.1.1    Company Overview
            16.3.1.2    Product Portfolio
            16.3.1.3    Demographic Reach and Achievements
            16.3.1.4    Certifications
        16.3.2    LG Energy Solution
            16.3.2.1    Company Overview
            16.3.2.2    Product Portfolio
            16.3.2.3    Demographic Reach and Achievements
            16.3.2.4    Certifications
        16.3.3    Panasonic Corporation
            16.3.3.1    Company Overview
            16.3.3.2    Product Portfolio
            16.3.3.3    Demographic Reach and Achievements
            16.3.3.4    Certifications
        16.3.4    BYD Company Ltd.
            16.3.4.1    Company Overview
            16.3.4.2    Product Portfolio
            16.3.4.3    Demographic Reach and Achievements
            16.3.4.4    Certifications
        16.3.5    Samsung SDI Co., Ltd.
            16.3.5.1    Company Overview
            16.3.5.2    Product Portfolio
            16.3.5.3    Demographic Reach and Achievements
            16.3.5.4    Certifications
        16.3.6     SK Innovation Co., Ltd.
            16.3.6.1    Company Overview
            16.3.6.2    Product Portfolio
            16.3.6.3    Demographic Reach and Achievements
            16.3.6.4    Certifications
        16.3.7     CALB-CALB Co., Ltd. (CALB)
            16.3.7.1    Company Overview
            16.3.7.2    Product Portfolio
            16.3.7.3    Demographic Reach and Achievements
            16.3.7.4    Certifications
        16.3.8    Shenzhen Grepow Battery Co., Ltd.
            16.3.8.1    Company Overview
            16.3.8.2    Product Portfolio
            16.3.8.3    Demographic Reach and Achievements
            16.3.8.4    Certifications
        16.3.9    Toshiba Corporation
            16.3.9.1    Company Overview
            16.3.9.2    Product Portfolio
            16.3.9.3    Demographic Reach and Achievements
            16.3.9.4    Certifications
        16.3.10    A163 Systems LLC
            16.3.10.1    Company Overview
            16.3.10.2    Product Portfolio
            16.3.10.3    Demographic Reach and Achievements
            16.3.10.4    Certifications
        16.3.11    ENVISION AESC GROUP LTD
            16.3.11.1    Company Overview
            16.3.11.2    Product Portfolio
            16.3.11.3    Demographic Reach and Achievements
            16.3.11.4    Certifications
        16.3.16    Tianjin Lishen Battery Joint-Stock Co., Ltd.
            16.3.16.1    Company Overview
            16.3.16.2    Product Portfolio
            16.3.16.3    Demographic Reach and Achievements
            16.3.16.4    Certifications
        16.3.9    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Lithium-ion Battery Market: Key Industry Highlights, 2018 and 2028
2.    Global Lithium-ion Battery Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global Lithium-ion Battery Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global Lithium-ion Battery Historical Market: Breakup by Power Capacity (USD Billion), 2018-2022
5.    Global Lithium-ion Battery Market Forecast: Breakup by Power Capacity (USD Billion), 2023-2028
6.    Global Lithium-ion Battery Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Lithium-ion Battery Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Lithium-ion Battery Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Lithium-ion Battery Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Lithium-ion Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Lithium-ion Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Lithium-ion Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Lithium-ion Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Lithium-ion Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Lithium-ion Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Lithium-ion Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Lithium-ion Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Lithium-ion Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Lithium-ion Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Lithium-ion Battery Market Structure

Key Questions Answered in the Report

The global lithium-ion battery market reached a value of USD 31.6 billion in 2020.

The market is projected to grow at a CAGR of nearly 10.7% in the forecast period of 2023-2028.

The market is estimated to reach a value of about USD 58.3 billion by 2026.

The major drivers of the industry include rising disposable incomes, increasing population, growing internet penetration, numerous advantages offered by lithium-ion batteries, and the rising awareness amongst the consumers.

The stringent government regulations for a pollution-free environment is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

Lithium cobalt oxide battery is the dominant type of the product in the market. 

0 to 3000mAh is the leading power capacity segment of the product in the industry. 

The consumer electronics segment accounts for the largest market share, among other application segments in the industry.

The leading players in the market are Contemporary Amperex Technology Co., Limited (CATL), LG Energy Solution, Panasonic Corporation, BYD Company Ltd., Samsung SDI Co., Ltd., SK Innovation Co., Ltd., CALB-CALB Co., Ltd. (CALB), Shenzhen Grepow Battery Co., Ltd., Toshiba Corporation, A123 Systems LLC, Envision AESC Group Ltd., Tianjin Lishen Battery Joint-Stock Co., Ltd., among others.

Analyst Review

The global lithium-ion battery market attained a value of USD 31.6 billion in 2020 driven by the rising awareness among consumers. Aided by the increasing fluctuations in the demand and supply of electricity, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 10.7%. The industry is projected to reach USD 58.3 billion by 2026. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its product types, the global lithium-ion battery market can be segmented into lithium cobalt oxide, iron phosphate, nickel manganese cobalt, and manganese oxide, among others, with lithium cobalt oxide accounting for the largest market share. By power capacity, the 0 to 3000mAh lead the industry. On the basis of application, the consumer electronics segment accounts for the largest share in the global industry. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Contemporary Amperex Technology Co., Limited (CATL), LG Energy Solution, Panasonic Corporation, BYD Company Ltd., Samsung SDI Co., Ltd., SK Innovation Co., Ltd., CALB-CALB Co., Ltd. (CALB), Shenzhen Grepow Battery Co., Ltd., Toshiba Corporation, A123 Systems LLC, ENVISION AESC GROUP LTD, Tianjin Lishen Battery Joint-Stock Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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