The report titled “South Korea Lithium Ion Cell and Battery
Market Outlook to 2022 - by Type of Batteries (Li-NMC, LFP, LCO and Others),
Power Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and More than
60,000 mAh) and Application Areas (Consumer Electronics, ESS/UPS, Automotive
Sector, Industrial Sector and Others)”
provides a comprehensive analysis on South Korea Lithium Ion Cell and Battery
Market. The report covers various aspects including overview and genesis of
lithium ion batteries in South Korea, South Korea lithium ion battery market
size, South Korea lithium ion battery market segmentation (by Type of
Batteries, Power Capacity and Application Areas) and competitive landscape of
major players in the South Korean lithium ion call and battery market. The
major players covered in South Korea lithium ion cell and battery market are
Samsung SDI Company Limited, LG Chem Limited, SK Innovation Company Limited,
Kokam Company Limited, Enertech International, Inc. and Routejade. The report
also covers trends and developments, issues and challenges, regulatory
framework, manufacturing process, SWOT analysis, a snapshot on Global Lithium
Ion Cell and Battery Landscape, future outlook and analyst recommendations.
The market for
lithium ion cells and batteries in South Korea is at its early growth stage.
The market is concentrated with a small number of large companies which have
strong domestic as well as global presence. The market grew at a double digit
growth rate during CY’2012 – CY’2017 with the surge in the growth in end user
application areas such as ESS (Energy Storage System) and EVs (Electric
Vehicles) as well as consumer electronics.
South Korea Lithium Ion Cell and Battery Market
Segmentation
By Type of Batteries: The lithium ion cell and battery market in South
Korea has been segmented by types of batteries into Li-NMC, LFP, LCO and
Others. Revenue from Li-NMC has accounted for the highest share in the market
because it is considered to be the safest battery and is used in a large number
of applications including EVs and consumer electronics.
By Battery Capacity: The market has also been segmented by battery
capacity into 0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh
and More than 60,000 mAh. Of these, 3,000 – 10,000 mAh accounted for the
highest share of the market by revenue due to its common usage in consumer
electronics. All companies present in the market manufacture batteries of this
capacity.
By
Application Areas: In the market segmentation
by application areas, Consumer Electronics had the highest revenue share with lithium
ion batteries used in almost all portable devices including power banks, mobile
phones, smartphones and laptops digital cameras. ESS/UPS category captured the
second highest share followed by automotive sector and then industrial sector.
Within Consumer Electronics, mobile phones accounted for the highest revenue
share followed by laptops and tablets. Utility and Commercial was the leading
category by revenue under ESS/UPS due to widespread usage of lithium ion
batteries in large utility scale projects. Under Automotive sector, Hybrid Electric
Vehicles category accounted for the highest share by revenue. Construction
Equipment held the highest share in the Industrial Sector segment because of
common usage of lithium ion batteries in housing and commercial construction
projects.
Competitive Landscape in South Korea Lithium Ion
Cell and Battery Market
The
South Korean lithium ion battery market is concentrated with a few large
players competing in the market. Two of these major players accounted for
majority of the revenue share in the lithium ion battery market in South Korea
in CY’2017. Companies compete on the basis of configuration of batteries,
durability, quality, recharge cycle as well as number of applications they can
cater to. Firms also invest in promotional strategies such as advertisements to
increase consumer awareness of their products.
Future Outlook
The
South Korean lithium ion battery market is expected to grow at a positive
double digit CAGR during the forecast period. Growth in the market is expected
to be driven by developments in end user applications. The consumer electronics
segment is expected to contribute through increased number of mobile phone and
laptop users. However, the major growth drivers the ESS and EV segment which
will positively impact the market through furthered implementation and effect
of the government’s Green Energy Policy as well as rising environment awareness
of the population as a whole.
Key Topics
Covered in the Report:-
Executive Summary
Research Methodology
Global Lithium Ion Cell and
Battery Landscape
South Korea Lithium Ion Cell
and Battery Market Overview
South Korea Lithium Ion Cell
and Battery Market Size
South Korea Lithium Ion Cell and
Battery Market Segmentation
Manufacturing
Process of Lithium Ion Batteries
Trade Scenario in South Korea
Lithium Ion Cell and Battery Market
Trends and Developments in
South Korea Lithium Ion Cell and Battery Market
Issues and Challenges in
South Korea Lithium Ion Cell and Battery Market
Regulatory Framework in South
Korea Lithium Ion Cell and Battery Market
SWOT Analysis in South Korea
Lithium Ion Cell and Battery Market
Cost
Breakdown for Lithium Ion Battery in South Korea with Split by Manufacturing
Cost
Decision
Making Parameters for Buyer of Lithium Ion Cells and Batteries in South Korea
Competitive Landscape of
South Korea Lithium Ion Cell and Battery Market
Company Profiles of Major
Players in South Korea Lithium Ion Cell and Battery Market
South Korea Lithium Ion Cell
and Battery Market Future Outlook
Brief
Description of South Korea’s Green Energy Policy
Analyst Recommendations
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report, refer to below link:-
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Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
