According to study, “World
Lithium Ion Battery Market Research Report 2024(Covering USA, EU, China, South
East Asia, Japan and etc)” the key companies
operating in the world lithium ion battery market are BYD Company, Panasonic
Sanyo, LG Chem, Samsung SDICo. Ltd., GS Yuasa, A123 Systems,Guoxuan High-tech,Beijing
Pride Power (BPP), Lishen, SUNWODA, Amita Technologies, BAK Group, China
Aviation Lithium Battery, Li-Tec Battery GmbH, Hitachi, Fenghua LIB, Fengfan
New Energy, SK Energy, Sila Nanotechnologies, TDK Corp., Toshiba Corp.,Automotive
Energy Supply Corporation (AESC),Maxell, AESC, PEVE, Coslight, Moli, Johnson
Controls Inc., DESAY, Changhong Batteries, Valence Technology, Inc.,Lion-tech
Corp., DKT, EnterDel, Lithium Werks, SYNergy ScienTech, Sony Corp., Saft Groupe
SA, CALB, ATL, VARTA Storage, BK Battery, Boston-Power, Farasis Energy.
A lithium-ion or Li-ion battery (abbreviated as LIB)
is a category of rechargeable battery. In these batteries, lithium ions move
from anode to the cathode during discharge & back when charging. Li-ion
batteries use an interpolated lithium compound as an electrode material. Some
essential features are included high discharge power, high energy density and
low impact of time.
Based on type, global lithium ion battery market is
segmented into lithium nickel manganese cobalt (Li-NMC), lithium cobalt oxide
(LCO), lithium iron phosphate (LFP), lithium titanate oxide (LTO), lithium
nickel cobalt aluminum oxide(NCA) and lithium manganese oxide (LMO).Based on
product type, market is segmented into cylindrical lithium ion battery,
prismatic lithium ion battery and others. Based on component, market is
segmented into anode (negative electrode), cathode (positive electrode),
electrolytic solution and others(binders, foils, and separators). Based on
power capacity, market is segmented into 0-3000mAh, 3000-10000mAh,
10000-60000mAh and more than 60000mAh.Based on shape, market is segmented into
flat or pouch, large cylindrical (solid body with large threaded terminals) and
small cylindrical (solid body without terminals). In addition, based on end-use
industry, market is segmented into automotive (scooters & bikes, cars,
buses or trucks and trains & aircrafts), electrical & electronics (UPS
and smart-phones or tablet/PC), industrial (mining equipment, cranes &
forklift and smart grid & renewable energy storage) and others.
The lithium ion battery market is driven by increase
in demand for electrical or hybrid electric vehicles/plug-in hybrid vehicles
(EV/HEV/PHV), followed by rise in demand for tablets, smart phones, and other
electronic devices, strict government regulations to control increase in
pollution and rise in need for automation & battery-operated
material-handling equipment. However, high price of lithium-ion batteries and
safety issues related to storage & transportation of spent batteries may
impact the market. Moreover, a higher energy efficiency requirement in
technologically updated customer gadgets is a key opportunity for market.
Based on geography, the Asian-Pacific region holds
major share in lithium ion battery market owing to increase in focus of
government towards reducing greenhouse gas emission, rising technological
enhancements, increase in number of manufacturers and rise in number of power
outages in the region. North-American and European regions are expected to
witness higher growth rate due to increase in use in the production of electric
& hybrid vehicles over the forecast period. It is anticipated that the market
will be reached at fast pace on account of increase in penetration into large
applications and rise in demand for high power & high capacity cells over
the forecast period.
For more information on the research
report, refer to below link:
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