The global lithium-ion battery market has witnessed a substantial growth in recent years. The favourable government policies and regulations pertaining to fuel economy, rise in demand for consumer electronics as well as growing demand for battery powered electric vehicles worldwide are the key factors fuelling the growth of the global lithium-ion battery market. The technological advancements in lithium ion batteries is another major factor propelling the growth of the market. Also, there has been a rise in application areas of lithium-ion batteries due to it’s decreasing prices.
Lithium cobalt oxide battery type accounted for the largest share in 2016 in the total lithium-ion battery market. Lithium cobalt oxide batteries are cost-effective owing to it’s reasonable manufacturing cost and typically have high energy density. Apart from this, there has been a significant demand for lithium nickel manganese cobalt batteries and is expected to grow at the highest rate during the forecast period.
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Asia-Pacific region is estimated to dominate the Lithium-ion battery and expected to grow at the highest rate during the forecast period. The increased demand of lithium ion battery by the end-use industries majorly consumer and automotive is the key factor propelling the growth of the market in the region. North America and Europe are the other key dominant regions in the Lithium-ion battery market.
This research report on lithium-ion battery market provides in-depth analysis of the global lithium-ion battery market based on type, industry and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for lithium-ion battery market. The report also analyses the competitive landscape and the major player and their strategies in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field, including BAK Group, BYD Company Ltd., LG Chem Ltd., Panasonic Corporation, Samsung SDI Co. Ltd., GS Yuasa Corporation, Hitachi Ltd., Johnson Controls, Toshiba Corporation, Valence Technology, Inc.
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