Global Lithium-Ion (Li-Ion) Market Trends And Strategies Of Major Players In The Li-Ion Market 2021-2030
29 Sep, 2021
The lithium-ion (Li-ion) batteries market consists of sales of lithium-ion batteries and related services that are used in electric vehicles, mobiles, laptops, power backups and other electronic devices. The lithium-ion battery is a type of rechargeable battery having high energy density that uses lithium ions as primary component of its electrolyte. Lithium-ion batteries are commonly used in consumer electronic devices.
Global Lithium-Ion (Li-Ion) Market Size And Drivers:
The global lithium-ion market is expected to grow from $33.99 billion in 2020 to $39.04 billion in 2021 at a compound annual growth rate (CAGR) of 14.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $73.66 billion in 2025 at a CAGR of 17%. The growth of the lithium-ion batteries market is mainly driven due to the presence of high energy density features in lithium-ion batteries.
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Trends In The Global Lithium-Ion (Li-Ion) Market
Declining lithium-ion battery prices boosts the sales of lithium-ion batteries. Change in materials technology, manufacturing processes, overhead costs, and huge investments in lithium-ion battery industry contributed to the reduction in lithium-ion battery prices. Lithium-ion battery prices with combined cost for cell and pack have dropped down to US$176 per KWh in 2018, and according to Navigant Consulting Research report, it is estimated to reach US$76 per kWh by 2030.
Global Lithium-Ion (Li-Ion) Market Segments:
The global lithium-ion market is further segmented –
By Power Capacity: 0 to 3000 Mah, 3000 to 10000mAH, 10000 to 60000 Mah, Above 60000mAH.
By Application: Consumer Electronics, Automotive, Marine, Aerospace & Defense, Medical, Industrial, Power, Others
By Component: Cathode, Anode, Separators, Electrolytes, Aluminum foil, Copper foil, Others
By Type: Lithium Nickel Manganese Cobalt (Li-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA)
By Chemistry: LFP, LCO, LTO, NMC, NCA, LMO
By Geography: The global lithium-ion market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Lithium-Ion (Li-Ion) Market At:
https://www.thebusinessresearchcompany.com/report/lithium-ion-Li-ion-global-market-reportLithium-Ion (Li-Ion) Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides lithium-ion (Li-ion) market overviews, analyzes and forecasts market size and growth for the global lithium-ion (Li-ion) market, lithium-ion (Li-ion) market share, lithium-ion (Li-ion) market players, lithium-ion (Li-ion) market segments and geographies, lithium-ion (Li-ion) market’s leading competitors’ revenues, profiles and market shares. The lithium-ion (Li-ion) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.