Global Lithium-Ion Battery  Market

Lithium-Ion Battery Market Size, Share, Growth Analysis, By Type (Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate), By Material (Cathode material, Anode material), By Capacity (10,001 – 60,000 mAh, Above 60,000 mAh), By Voltage (Medium, High), By Region -Industry Forecast 2024-2031.


Report ID: SQMIG20D2153 | Region: Global | Published Date: November, 2024
Pages: 157 | Tables: 100 | Figures: 74

Lithium-Ion Battery Market Regional Insights

Globally, Asia Pacific is estimated to hold the highest global Lithium-Ion Battery market share. Main factors during this growth period are the presence of top market players, Rising environmental concerns which related to banning of conventional fossil fuel powered scooters to reduce emissions and others.

It is Alsoexpected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Lithium-Ion Battery technology in various devices in the region of Asia Pacific and mainly in China and Japan. Penetration of mobile internet in Asia Pacific has doubled in the last few years. In addition, mobile network operators are investing heavily in order to provide Battery services at an affordable price to the consumers, which is likely to boost the demand for Lithium-Ion Battery in the region.

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Global Lithium-Ion Battery Market size was valued at USD 47.2 billion in 2022 and is poised to grow from USD 53.95 billion in 2023 to USD 157.17 billion by 2031, growing at a CAGR of 14.30% during the forecast period (2024-2031).

Competition in the global Lithium-Ion Battery market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with Lithium-Ion Battery will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'LG Energy Solution', 'Samsung SDI Co., Ltd.', 'Panasonic Holdings Corporation', 'Contemporary Amperex Technology Co., Limited', 'Panasonic Energy Corporation)', 'EVE Energy Co., Ltd.', 'GS Yuasa Corporation', 'Hitachi, Ltd.', 'Tesla, Inc.', 'EVE Energy Co., Ltd.', 'Farasis Energy, Inc.', 'Ipower Batteries Pvt Ltd.', 'SK Innovation', 'HEG – TACC', 'NextEra Energy, Inc.', 'Cadenza Innovation', 'Ipower Batteries Pvt Ltd.', 'Sila Nanotechnologies Inc.', 'SolarEdge Technologies Inc.', 'Battery Ventures'

Compared to internal combustion engine, electric vehicle have reduced the harmful impacts on the climate .Government all across the globe is proposing to the consumers to purchase electric vehicle because of the various initiatives of greener and population free mobility.Theses several initiatives and awareness among the consumers regarding the environment will drive the Lithium ion battery market.

The growth in the projects of renewable energy such as photovoltaic installation, nuclear power plants, wind energy projects for the interest towards maintaining the clean and green environment has led to the growth of lithium ion batteries.Hey. The major trend of using the lithium ion battery equipment in the medical sector is also supporting the growth of the market.

Globally, Asia Pacific is estimated to hold the highest global Lithium-Ion Battery market share. Main factors during this growth period are the presence of top market players, Rising environmental concerns which related to banning of conventional fossil fuel powered scooters to reduce emissions and others.

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Global Lithium-Ion Battery  Market

Report ID: SQMIG20D2153

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