Lithium-ion (Li-ion) batteries are rechargeable batteries with high energy density and are mainly used in portable equipment. The market for these batteries is expected to witness a significant growth owing to their increasing use in smart phones, tablets/PCs, digital cameras, and power tools. Moreover, the demand for Li-ion batteries in the automobile industry is expected to increase with the increasing demand for electric vehicles. These batteries have gained popularity among the automobile manufacturers as they offer an alternative to nickel metal batteries used in electric vehicles, due to their small size and light weight. The lithium-ion battery industry is highly fragmented with the presence of large number of domestic players that occupy around 60% market share of the overall figure. Among the different market players present, Panasonic Corporation dominated last year. However, the market share of Panasonic Corporation is expected to decrease in the coming years due to the intensifying competition among prominent players to acquire major portion of the market.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the lithium ion battery market. The scope of this report covers the lithium ion battery market by its major segments, which include the types, applications, and the major geographic regions.
KEY BENEFITS OF THE REPORT
KEY PREMIUM INDUSTRY INSIGHTS
On the basis of geography, the market may be categorized into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. U.S. lithium ion battery market is expected to witness significant growth due to increasing electric vehicle demand with growing adoption of high quality consumer electronics products. China lithium ion battery market is set to witness considerable growth over the forecast period. As per the Department of Environment Protection (DOEP), the Chinese government has passed a resolution called ‘Battery and Recycled Lead Enterprises to gradually shift from lead acid batteries to lithium ion, to reduce the rampant lead poisoning. The Germany lithium ion battery market share will witness a robust growth owing to the high adoption of electric vehicles coupled with increasing consumer awareness towards environmentally friendly technologies. Government initiatives such as subsidies and low interest loan will boost the industry growth.
The research methodology for Scalar Market Research’s lithium ion battery market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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This report analyzes the lithium ion battery market by the following segments:
KEY MARKET PLAYERS
Key players in the lithium ion battery market include:
GEOGRAPHIC COVERAGE AND ANALYSIS
This granular market research report covers the following geographic regions in great detail:
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