Lithium-Ion Battery Market is projected to be around USD 88.47 billion by 2023 | CMR

Market Overview:A Lithium-Ion Battery also known as Li-ion battery is a kind of rechargeable battery in which lithium ions switch from the negative anode to the positive cathode amid discharge and back while charging. Li-ion batteries make use of an intercalated lithium compound as one electrode material, in comparison with the metallic lithium utilized as a part of a non-rechargeable lithium battery. The electrolyte, which enables ionic movement, and the two electrodes are the constituent segments of a lithium-ion battery cell. Lithium-ion batteries are commonly used in household electronics.

The Lithium-Ion Battery Market was worth USD 22.02 billion in 2014 and is expected to reach approximately USD 88.47 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 16.71% during the forecast period. They are a standout amongst the most well-known sorts of rechargeable batteries for portable electronics, with a high energy density, minor memory effect and low self-discharge. LIBs are gaining traction for military, battery electric vehicle and aviation applications. Lithium-ion batteries can be harmful since they contain a combustible electrolyte and might be kept pressurized. A battery cell charged too rapidly could cause a short circuit, prompting explosions and outbreak of fire. Because of these risks, testing norms are more stringent than those for acid-electrolyte batteries, requiring both a more extensive scope of test conditions and extra battery-specific tests.

Prominent Players:The leading players in the Lithium-Ion Battery Market are Johnson Controls, NEC, Saft Groupe S.A, LG Chem, Panasonic, Hitachi, BYD Company, A123 Systems and Toshiba.

The Lithium-Ion Battery Market is segmented as follows-

By Product:Lithium iron phosphate (LFP)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Titanate (LTO)
Lithium Nickel Manganese Cobalt (NMC)
Lithium Manganese Oxide (LMO)
Lithium cobalt oxide (LCO)

By Application:Automotive
Energy storage systems
Consumer electronics
Industrial

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Growth Boosters of the Market:Growing enrolment of electric vehicles (EVs) combined by reducing lithium-particle battery cost is anticipated to amplify industry growth over the estimate time frame. Another major driving factor of this market is the increasing requirement of these batteries in a number of applications including military, aviation and daily household applications. This has brought about increasing usage of these batteries, thereby boosting the growth of the market significantly. The growing number of PV installations and nuclear power plants close by the start of New Wind Energy Projects are foreseen to increase the market growth over the forecast period. The trend of renewable energy generation was driven by extending issues over environmental change, supportive government incentives, lessening expense of solar photovoltaic cells, and reducing cost of batteries. Developing adoption of hybrid and electric vehicles combined with promising government strategies toward maintainable advancements will drive the market development. In recent years, China, U.S., UK and Germany have encountered a critical upsurge in electric vehicles (EV) request because of emission standards and cost competitiveness.

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Restraining factors of the Market:Lithium-ion batteries are majorly used in household electronics and other applications. However, certain factors such as increasing demand for other batteries such as lithium-air, lead acid battery, flow battery, and sodium nickel chloride batteries in energy storage, electric vehicles and consumer electronics is hampering the development of the market to a certain extent. Moreover, risks associated with the usage of lithium-ion batteries can also hinder the development as these batteries consist of harmful combustible electrolyte and might be kept pressurized. Furthermore, stringent emission norms in developing countries may also restrain the growth of the market.

Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
5.Lithium-Ion Battery Market, By Product5.1.Introduction
5.2.Global Lithium-Ion Battery Sales, Revenue and Market Share by Product (2014-2018)
5.3.Lithium cobalt oxide (LCO)
5.4.Lithium iron phosphate (LFP)
5.5.Lithium Nickel Cobalt Aluminum Oxide (NCA)
5.6.Lithium Manganese Oxide (LMO)
5.7.Lithium Titanate
5.8.Lithium Nickel Manganese Cobalt
6.Lithium-Ion Battery Market, By Application6.1.Introduction
6.2.Global Lithium-Ion Battery Sales, Revenue and Market Share by Application (2014-2018)
6.3.Consumer Electronics
6.4.Automotive
6.5.Energy Storage System
6.6.Industrial
To be continued...

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What our Lithium-Ion Battery Market Report offers:

Lithium-Ion Battery Market share assessments for the regional and country level segments.

Lithium-Ion Battery Market share analysis of the top industry players.

Strategic recommendations for the new entrants.

Competitive landscaping mapping the key common trends.

Supply chain trends mapping the latest technological advancements.

Market Analysis by Regions:

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia and Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

Features of the Lithium-Ion Battery Market Report:

The analysis of Lithium-Ion Battery Market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.

The key players in the market and their share in the global market are discussed.

The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.

The Lithium-Ion Battery Market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.

The latest trends that are being followed in the market are included along with an example.

How technological advancement and research, as well as development activities, are impacting the Lithium-Ion Battery Market is explained in detail.

The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.

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