What Has Been The Historical And Current Growth Of The Rechargeable Poly Lithium-Ion Battery Market?
The rechargeable poly lithium-ion battery market has seen considerable growth due to a variety of factors.
•The market size for rechargeable poly lithium-ion batteries has experienced significant growth in the past few years. Projected figures show an increase from $151.33 billion in 2024 to $160.43 billion in 2025, which represents a compound annual growth rate (CAGR) of 6.0%.
The impressive growth observed in the historical phase is due to factors such as the rise of mobile electronics, improvements in the electric vehicle (EV) industry, higher incorporation of renewable energy, a surge in consumer electronics, and government programs and incentives.
What Is The Forecast For The Rechargeable Poly Lithium-Ion Battery Market By 2029?
The rechargeable poly lithium-ion battery market is expected to maintain its strong growth trajectory in upcoming years.
• There is anticipated strong expansion in the rechargeable poly lithium-ion battery market in the coming years, with forecasts predicting it will swell to $208.26 billion in 2029, maintaining a compound annual growth rate (CAGR) of 6.7%.
This expected surge in the aforementioned period can be attributed to swift expansion in the electric vehicle market, energy transition and storage, Industry 4.0 and IoT integration, along with persistent innovation, and energy storage for grid applications. Key trends anticipated during this forecasted period encompass technological progress, uptake of electric vehicles, the expansion of portable electronics, government policies and incentives, and supply chain complications.
Which Key Drivers Are Propelling The Rechargeable Poly Lithium-Ion Battery Market's Growth?
The upswing in electric vehicle sales is playing a significant part in the advancement of the rechargeable poly lithium-ion battery market. When we talk about an electric vehicle (EV), it alludes to a car equipped with an electric motor that derives power from a battery and is capable of being charged from an outside source. These EVs predominantly employ rechargeable poly lithium-ion batteries as their source of energy to operate because of their higher energy concentration, lightweight construct, and safety since they don't utilize a liquid electrolyte. To exemplify, an analysis by the InternationaI Energy Agency based in France, an autonomous international organization, pointed out that worldwide, electric car market progression was noted with more than 10 million sales recorded in 2022. Furthermore, the proportion of electric cars in the total car sales jumped from 9% in 2021 to 14% in 2022. Thus, with the escalating sales trend of electric vehicles, it's anticipated that the rechargeable poly lithium-ion battery market will benefit significantly.
What Are The Key Segments Within The Global Rechargeable Poly Lithium-Ion Battery Market?
The rechargeable poly lithium-ion battery market covered in this report is segmented –
1) By Component: Cathode, Anode, Electrolytic Solution, Other Components
2) By Structure: Cylindrical, Prismatic
3) By Application: Electric Vehicles, Consumer Electronics, Power, Industrial, Other Applications
Subsegments:
1) By Cathode: Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Manganese Cobalt (NMC), Lithium Nickel Cobalt Aluminum Oxide (NCA), Other Cathode Materials
2) By Anode: Graphite, Silicon-Based Anodes, Lithium Titanate, Other Anode Materials
3) By Electrolytic Solution: Liquid Electrolytes, Solid Electrolytes, Gel Electrolytes
4) By Other Components: Battery Management System (BMS), Separator, Current Collectors, Other Components
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How Are New Trends Impacting The Size Of The Rechargeable Poly Lithium-Ion Battery Market?
In the rechargeable poly lithium-ion battery market, the primary trend emerging is that of product innovation. The major players in this market are zeroing in on the creation of novel polymer materials to enhance the function of polymer electrolytes in batteries. An instance of this was seen in October 2022, when US-based nanotechnology research firm Nuvvon developed solid polymer electrolytes which improved ionic conductivity in batteries at standard room temperature. The polymer electrolytes from Nuvvon are made up of dry and free of ceramic nanoparticles which are able to withstand high temperatures of more than 100 degrees Celsius without mechanical breakdown, and present robust ionic conductivity through an extensive temperature range (2.2*10-4 S/cm at 0 C, 4.6*10-3 S/cm at 25 C, and 6.6*10-3 S/cm at 80 C). Furthermore, they facilitate completely solid-state pouch cells to work across a wide temperature spectrum without requiring auxiliary cooling, heating, or pressure systems.
Who Are the Key Players in the Rechargeable Poly Lithium-Ion Battery Market?
Major companies operating in the rechargeable poly lithium-ion battery market include:
• Samsung Electronics Co. Ltd.
• 3M Company
• Koninklijke Philips N.V.
• Motorola Solutions Inc.
• Toshiba Corporation
• Fujifilm Holdings Corporation
• Olympus Corporation
• Nikon Corporation
• Sony Corporation
• Shenzhen Honcell Energy Co. Ltd.
• Panasonic Holdings Corporation
• Amara Raja Batteries Limited
• Exide Industries Ltd.
• Tata Chemicals Limited
• Maxell Holdings Ltd.
• Eastman Kodak Company
• YOK Energy Co. Ltd.
• China manufacturer LiPol Battery Co. Ltd.
• Engionix Inc.
• LG Chem Ltd.
• Hitachi Maxell Ltd.
• Energizer Holdings Inc.
• BYD Company Limited
• A123 Systems LLC
• E-One Moli Energy Corp.
• GS Yuasa Corporation
• Saft Groupe S.A.
• Valence Technology Inc.
What are the Regional Insights into the Rechargeable Poly Lithium-Ion Battery Market?
Asia-Pacific was the largest region in the rechargeable poly lithium-ion battery market in 2024. The regions covered in the rechargeable poly lithium-ion battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
