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Lithium Batteries Market forecast to 2024 just published

Energy and Power

The lithium battery market driven by various end-use industries including electrical & electronics, automotive, and industrial, with others, which include medical, military, and textile industries. The electrical & electronics end-use industry is further segmented into smartphones, tablet/PC, UPS, and others. The automotive end-use segment is further segmented into car, bus, truck, scooter & bike, and train & aircraft. Lithium-ion batteries are rechargeable batteries with high-energy density and are majorly used in portable equipment. The market for these batteries is expected to witness significant growth owing to increase in use in smartphones, tablets/PCs, digital cameras, and power tools.

Lithium battery market segments are defined, leading global companies are identified, and the markets analyzed (including a five-year market projection). Additional chapters provide projection breakdowns by end-use sector, application and region.

Chapter 8 provides a broad overview of patent activity and developments, while Chapter 9 provides an overview of market segmentation, a concise overview of key driving factors influencing markets, and additional forecasts associated with individual products.

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Lithium battery market report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities along with strategic assessment of the global lithium ion battery market. An in-depth analysis based on region helps understand the regional market and facilitate the strategic business planning.

The lithium ion battery market is highly fragmented with the presence of large number of domestic players that occupy around 60% market share of the overall figure. Among the different players, Panasonic Corporation dominated the market in 2017.

However, the market share of Panasonic Corporation is expected to decrease in the coming years due to the intensifying competition among prominent players to acquire major portion of the market.

Automotive and motive power

- Industrial electric vehicles (traction).

- Plug-ins and hybrid vehicle motive power (EVs, HEVs and BEVs).

- Automotive security.

- Fleet operations (primarily electric buses).

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The global lithium battery market should be valued at $REDACTED billion at the wholesale level in 2018, upfrom $REDACTED billion in 2017. The global market is expected to grow rapidly over the next several years,and a significant contribution to this growth will come from both the transportation (primarily electricvehicles) and consumer sectors (primarily mature industries such as computing and smartphones).

These additional segments explain in part the large difference in total (primary and secondary) global market value between the previously released report ($REDACTED billion, 2015) and this current edition ($REDACTED billion, 2017). Assuming similarity in the assessed segments between the two versions, this difference of $REDACTED billion is reduced to $REDACTED billion.

Report Includes:

- 87 data tables and 66 additional tables

- A detailed overview and an industry analysis of the lithium batteries in terms of markets and materials

- Analyses of global market trends, with data from 2017, 2018, and projections compound annual growth rates (CAGRs) through 2023

- Characterization and quantification of market potential for lithium batteries by major types of batteries, technologies, regions, applications and end-users

- Details pertaining to continuing evolution of electrification of transportation, the increasing use of energy storage systems both institutionally (electric utilities) and within the household (residential) sector, and the impact of innovations in wearable technologies on this market

- Profiles of major market players within the industry, including SAFT, A123 Systems, BASF Battery Materials, Sony Energy Devices Corp., Toshiba and 3M

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Lithium-ion (Li-ion) batteries are rechargeable batteries with high-energy density and are majorly used in portable equipment. The market for these batteries is expected to witness significant growth owing to increase in use in smartphones, tablets/PCs, digital cameras, and power tools.

Two other segments added to this edition are residential energy storage (driven by PV solar/battery applications), and electric buses - a segment driven primarily by China and expected to grow rapidly and command a fair share of manufacturer revenue.

The rechargeable (secondary) lithium battery market stood at $REDACTED billion in 2018, up from $REDACTED billion in 2017, and is projected to grow to $REDACTED billion in 2023, representing a CAGR of REDACTED% over that forecast horizon. While growth in EVs had been characterized as disappointing in the previous version ofthis report, that sentiment seems to have been replaced by a more bullish attitude towards EV growth, to the point of provoking investor discussions and speculation of this growth impacting raw material supplies.

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