Lithium-Ion Battery Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (Cathode, Anode and Others), By Product (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Iron Phosphate and Others), By Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, 60,000 mAh and Above), By Application (Consumer Electronics, Automotive, Industrial, Energy Storage System), By Region, Competition 2018-2028

  • Industry : Power
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 44.71 billion

CAGR (2023-2028)

24.91%

Largest Market

Asia Pacific

Fastest Growing Segment

Cathode

Market Overview

The Global Lithium-Ion Battery Market was valued at USD 44.71 billion 2022 and is expected to grow at a CAGR of 24.91% during the forecast period. The lithium-ion battery offers high energy density and a long shelf life, making it suitable for utilization in vehicles and automobiles. A key driver of the global lithium-ion battery market growth is the increasing consumer spending on consumer electronics. Furthermore, the adoption of electric vehicles on a large scale, driven by the high cost of fossil fuels and gasoline, is further supporting the growth of the global lithium-ion battery market. Another significant factor contributing to the expansion of the lithium-ion battery market is the growing renewable energy sector. Governments are making consistent investments in energy and infrastructure development projects, thereby fostering the growth and development of the lithium-ion battery market. Major market players are also collaborating with government agencies to facilitate the expansion of the lithium-ion battery market.

Key Market Drivers

Electric Vehicle (EV) Revolution  

The electric vehicle revolution stands as a significant catalyst for the global lithium-ion battery market. The global momentum towards sustainable and environmentally friendly transportation has garnered substantial attention. Governments, automakers, and consumers alike are increasingly embracing electric vehicles as a viable solution to combat air pollution, reduce greenhouse gas emissions, and enhance energy efficiency.

With the automotive industry transitioning from internal combustion engine (ICE) vehicles to electric vehicles (EVs), the demand for high-performance lithium-ion batteries has witnessed an unprecedented surge. Lithium-ion batteries, renowned for their high energy density, long cycle life, and lightweight properties, have emerged as the preferred choice for EVs.

The trend towards electric mobility is further accelerated by the introduction of new EV models, advancements in battery technologies, and the expansion of charging infrastructure. Prominent automakers such as Tesla, Nissan, and Volkswagen are making substantial investments in EV production, thereby driving the growth of the lithium-ion battery market.

Renewable Energy Integration

The integration of renewable energy sources, such as solar and wind power, into the global energy landscape serves as a significant driver for the growth of the lithium-ion battery market.

The intermittent nature of renewable energy generation often poses a challenge due to the mismatch with energy demand. To address this, energy storage solutions, primarily in the form of lithium-ion batteries, play a crucial role by storing excess energy during periods of abundance and releasing it when needed, thus ensuring grid stabilization and a reliable energy supply from renewable sources.

Large-scale battery energy storage projects are increasingly prevalent, serving both grid support purposes and remote areas with limited access to conventional power grids. By combining renewable energy installations with energy storage solutions, a substantial market for lithium-ion batteries is emerging. As technology advancements continue to drive down costs and enhance energy storage efficiency, the adoption of renewable energy sources coupled with batteries is anticipated to experience exponential growth.

Consumer Electronics Proliferation

The proliferation of consumer electronics devices has long been a key driver of the lithium-ion battery market. Smartphones, laptops, tablets, wearable devices, and other portable electronics heavily rely on lithium-ion batteries due to their high energy density, lightweight design, and rechargeable nature.

The consumer electronics segment continues to be a significant contributor to the revenue of the lithium-ion battery market. As consumers demand devices with longer battery life, faster charging capabilities, and improved energy efficiency, manufacturers must innovate and produce advanced lithium-ion battery solutions. The trend of continuous innovation in consumer electronics stimulates the demand for lithium-ion batteries with enhanced performance characteristics.

Manufacturers are investing in research and development to create batteries that meet the growing power requirements of modern electronic devices. In conclusion, the global lithium-ion battery market is driven by the electric vehicle revolution, integration of renewable energy, and the proliferation of consumer electronics. These drivers are interconnected and collectively propel the industry's growth. As technological advancements continue to enhance lithium-ion battery performance, energy density, and cost-effectiveness, the market's expansion is expected to accelerate, providing sustainable and efficient energy solutions for various applications.


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Key Market Challenges

Raw Material Supply Chain Vulnerability

One of the most critical challenges in the lithium-ion battery market is the vulnerability of its raw material supply chain. Lithium-ion batteries heavily rely on several crucial materials, including lithium, cobalt, nickel, and graphite. The extraction, processing, and supply of these materials can be influenced by geopolitical tensions, price volatility, and environmental concerns.

Any disruption in the supply chain for these critical materials can have a significant impact on battery production, leading to increased costs and potential shortages. Cobalt, in particular, has garnered attention due to concerns about unethical mining practices and potential supply constraints.

To address this challenge, there is a growing trend towards reducing or eliminating cobalt from lithium-ion batteries and exploring alternative materials. Additionally, efforts to diversify supply sources and increase recycling and recovery rates of these materials are gaining traction.

Safety and Thermal Management    

Ensuring the safety of lithium-ion batteries is a vital challenge. These batteries are susceptible to thermal runaway events, leading to overheating, fires, and even explosions.

Safety concerns are particularly relevant in electric vehicles and energy storage applications. Safety incidents not only pose a risk to users but can also result in reputational damage for manufacturers. As safety regulations and standards become increasingly stringent, battery designs must incorporate robust thermal management and safety features.

To address safety concerns, there is a growing trend towards the development of advanced thermal management systems, including improved cooling techniques and the use of advanced materials to enhance thermal stability. Additionally, solid-state batteries, which inherently offer greater safety, are gaining attention as a potential solution.

Key Market Trends

Transition to High-Nickel Cathode Chemistries    

A prominent trend observed in the lithium-ion battery market is the shift towards high-nickel cathode chemistries, specifically nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminum (NCA) formulations. High-nickel cathodes offer several advantages, including enhanced energy density, improved thermal stability, and extended cycle life, as compared to traditional lithium-cobalt oxide (LiCoO2) cathodes. The transition to high-nickel cathodes is primarily driven by the growing demand from the electric vehicle (EV) industry for batteries with higher energy capacity and increased range. High-nickel chemistries enable automakers to manufacture EVs with extended driving ranges and faster charging capabilities, effectively addressing a key concern for potential EV buyers.

Battery manufacturers are actively increasing the nickel content in cathode formulations to achieve even higher energy densities. This trend is expected to persist as researchers continue to optimize the balance between energy density and other performance characteristics.

In order to address supply chain challenges and reduce costs associated with cobalt, there is a noticeable trend towards reducing the cobalt content in cathode materials while ensuring performance and safety are maintained.

Gigafactories and Capacity Expansion    

One notable trend in the lithium-ion battery market is the construction of gigafactories and the substantial expansion of production capacity. Leading battery manufacturers and tech companies are making significant investments in large-scale manufacturing facilities to meet the growing demand for lithium-ion batteries across various applications. The establishment of gigafactories has a significant impact on the market as it boosts overall production capacity, lowers manufacturing costs, and enables economies of scale.

Consequently, this facilitates greater affordability and accessibility of lithium-ion batteries for both consumers and businesses. Renowned companies such as Tesla, CATL, and LG Chem are actively expanding their production facilities on a global scale, including key regions like the United States, Europe, and Asia. This trend provides support for the electric vehicle and energy storage markets. Moreover, battery manufacturers are increasingly integrating their supply chains to secure access to raw materials, enhance operational efficiency, and drive down production costs.

Segmental Insights

Product Insights

The Lithium Cobalt Oxide segment holds a significant market share in the Global Lithium-Ion Battery Market. The Lithium Cobalt Oxide (LiCoO2) segment plays a critical role in the Global Lithium-Ion Battery Market. LiCoO2 is a widely used cathode material in lithium-ion batteries, known for its exceptional energy density. It finds extensive application in consumer electronics and portable devices due to its high energy density. One notable trend in the LiCoO2 segment is the ongoing effort to reduce cobalt content in batteries, driven by its cost and associated ethical and environmental concerns.

Battery manufacturers are actively exploring methods to decrease cobalt usage while ensuring optimal performance. Safety remains a paramount concern in the realm of consumer electronics, prompting manufacturers to develop LiCoO2 batteries equipped with advanced safety features like thermal management systems and protection circuits, effectively mitigating risks of overheating and overcharging.

The global demand for smartphones, laptops, and other portable electronic devices continues to surge, thereby necessitating LiCoO2 batteries with enhanced energy density and extended cycle life. Battery manufacturers persistently strive for innovation, focusing on key factors such as energy density, charging speed, and overall lifespan, to enhance the performance of LiCoO2 batteries.

Capacity Insights

3,000–10,000 mAh segment is expected to dominate the market during the forecast period. The 3,000–10,000 mAh segment in the Global Lithium-Ion Battery Market encompasses a range of battery capacities that find widespread applications in various devices. These devices include smartphones, tablets, portable consumer electronics, and small-scale energy storage systems. Lithium-ion batteries with capacities ranging from 3,000 to 10,000 mAh strike a balance between size and capacity, making them ideal for compact electronics.

The primary application of batteries in this segment is in consumer electronics such as smartphones, tablets, e-readers, digital cameras, and portable gaming devices. Increasing consumer demand for longer battery life and faster charging times drives innovation in this segment. Battery manufacturers continuously strive to enhance the energy density of lithium-ion batteries in this range, allowing for more compact and lightweight devices with extended runtimes.

The expanding global market for smartphones, tablets, and portable electronics further fuels the demand for batteries in the 3,000–10,000 mAh segment. Additionally, small-scale energy storage systems utilizing batteries within this capacity range are gaining popularity, enabling homeowners to store excess energy generated from renewable sources like solar panels for later use.  


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Regional Insights

The Asia Pacific region is expected to dominate the market during the forecast period. The Asia-Pacific region is leading the global electric vehicle revolution. Countries such as China, Japan, South Korea, and India are driving the adoption of electric cars and two-wheelers. The implementation of stringent emission standards and incentives for electric vehicles by governments has resulted in a surge in demand for lithium-ion batteries.

The transition to electric mobility in urban centers has created significant opportunities for lithium-ion battery manufacturers. With ongoing technological advancements improving battery energy density and reducing costs, the adoption of electric vehicles is expected to continue growing. The Asia-Pacific region has also seen a growing focus on renewable energy generation, including solar and wind power.

Lithium-ion batteries play a crucial role in energy storage solutions, enabling effective management of intermittent renewable energy sources by the grid. The combination of solar and wind installations with lithium-ion battery energy storage systems enhances the reliability and stability of renewable energy grids. This trend presents a substantial market for lithium-ion batteries in the Asia-Pacific region.

Moreover, Asia-Pacific serves as a global hub for consumer electronics manufacturing. The production of smartphones, laptops, tablets, and other portable devices heavily relies on lithium-ion batteries. As the demand for these devices continues to rise, there is an increasing need for high-quality batteries. The constant innovation in consumer electronics, such as smartphones with extended battery life and smaller, lightweight laptops, fuels the demand for advanced lithium-ion batteries with improved energy density and longer cycle life.

Many countries in the Asia-Pacific region have implemented supportive policies and incentives to boost the adoption of lithium-ion batteries in various applications. These policies include subsidies for electric vehicles, tax incentives, and renewable energy targets. The alignment of government policies with sustainability goals is expected to persist, further bolstering the lithium-ion battery market in the Asia-Pacific region.

Recent Developments

  • In February 2022, Panasonic Holdings Corporation is set to establish a production facility at its Wakayama Factory in western Japan. The purpose is to manufacture new "4680" lithium-ion batteries for electric vehicles, as part of the company's global business expansion strategy. Productivity verification and mass production are expected to commence by the end of fiscal year 2024.
  • In October 2021, LG Energy Solution, a subsidiary of LG Chem, signed a memorandum of understanding with Stellantis N.V. to establish a joint venture for the production of battery cells and modules in North America. This collaboration aligns with Stellantis N.V.'s goal of capturing a 40% market share in the United States with electrified vehicles by 2030. The batteries manufactured in this plant will be supplied to Stellantis N.V.'s assembly plants in the United States, Canada, and Mexico for integration into next-generation electric vehicles.
  • In January 2021, BYD Company Ltd. formed a partnership with Chinese lithium-ion recycling startup, Pandpower Co., Ltd., and Japanese trading house, Itochu, for the conversion of old batteries into energy storage systems. Used battery packs from buses, taxis, and other vehicles are collected from BYD Company Ltd. dealerships across China and transformed into ship-container-sized power units for renewable energy applications and industrial use.

Key Market Players

  • BYD Company Limited
  • Contemporary Amperex Technology Co. Limited
  • LG Chem Ltd
  • Panasonic Corporation
  • Samsung SDI
  • Sony Corporation
  • Tesla Inc.
  • Tianjin Lishen Battery Joint-Stock Co. Ltd
  • Toshiba Corporation
  • Hitachi Chemical Co. Ltd.

By Component

By Product

By Capacity

By Application

By Region

 
  • Cathode
  • Anode
  • Others
  • Lithium Cobalt Oxide
  • Lithium Iron Phosphate
  • Lithium Iron Phosphate
  • Others
  • 0–3,000 mAh
  • 3,000–10,000 mAh
  • 10,000–60,000 mAh
  • 60,000 mAh
  • Above
  • Consumer Electronics
  • Automotive
  • Industrial
  • Energy Storage System
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
  • Asia Pacific

 

 

 

Report Scope:

In this report, the Global Lithium-Ion Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Lithium-Ion Battery Market, By Component:

o   Cathode

o   Anode

o   Others      

  • Global Lithium-Ion Battery Market, By Product:

o   Lithium Cobalt Oxide

o   Lithium Iron Phosphate

o   Lithium Iron Phosphate

o   Others     

  • Global Lithium-Ion Battery Market, By Capacity:

o   0–3,000 mAh

o   3,000–10,000 mAh

o   10,000–60,000 mAh

o   60,000 mAh

o   Above      

  • Global Lithium-Ion Battery Market, By Application:

o   Consumer Electronics

o   Automotive

o   Industrial

o   Energy Storage System       

  • Global Lithium-Ion Battery Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Lithium-Ion Battery Market.

Available Customizations:

Global Lithium-Ion Battery Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Lithium-Ion Battery Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component (Cathode, Anode and Others)

5.2.2.    By Product (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Iron Phosphate and Others)

5.2.3.    By Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, 60,000 mAh and Above)

5.2.4.    By Application (Consumer Electronics, Automotive, Industrial, Energy Storage System)

5.2.5.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Lithium-Ion Battery Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component

6.2.2.    By Product

6.2.3.    By Capacity

6.2.4.    By Application

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Lithium-Ion Battery Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.    By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.    By Component

6.3.1.2.2.    By Product

6.3.1.2.3.    By Capacity

6.3.1.2.4.    By Application

6.3.2.    Canada Lithium-Ion Battery Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.    By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.    By Component

6.3.2.2.2.    By Product

6.3.2.2.3.    By Capacity

6.3.2.2.4.    By Application

6.3.3.    Mexico Lithium-Ion Battery Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.    By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.    By Component

6.3.3.2.2.    By Product

6.3.3.2.3.    By Capacity

6.3.3.2.4.    By Application

7.    Asia-Pacific Lithium-Ion Battery Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Product

7.2.3.    By Capacity

7.2.4.    By Application

7.2.5.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Lithium-Ion Battery Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.    By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.    By Component

7.3.1.2.2.    By Product

7.3.1.2.3.    By Capacity

7.3.1.2.4.    By Application

7.3.2.    India Lithium-Ion Battery Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.    By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.    By Component

7.3.2.2.2.    By Product

7.3.2.2.3.    By Capacity

7.3.2.2.4.    By Application

7.3.3.    Japan Lithium-Ion Battery Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.    By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.    By Component

7.3.3.2.2.    By Product

7.3.3.2.3.    By Capacity

7.3.3.2.4.    By Application

7.3.4.    South Korea Lithium-Ion Battery Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.    By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.    By Component

7.3.4.2.2.    By Product

7.3.4.2.3.    By Capacity

7.3.4.2.4.    By Application

7.3.5.    Australia Lithium-Ion Battery Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.    By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.    By Component

7.3.5.2.2.    By Product

7.3.5.2.3.    By Capacity

7.3.5.2.4.    By Application

8.    Europe Lithium-Ion Battery Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Product

8.2.3.    By Capacity

8.2.4.    By Application

8.2.5.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Lithium-Ion Battery Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.    By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.    By Component

8.3.1.2.2.    By Product

8.3.1.2.3.    By Capacity

8.3.1.2.4.    By Application

8.3.2.    United Kingdom Lithium-Ion Battery Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.    By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.    By Component

8.3.2.2.2.    By Product

8.3.2.2.3.    By Capacity

8.3.2.2.4.    By Application

8.3.3.    France Lithium-Ion Battery Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.    By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.    By Component

8.3.3.2.2.    By Product

8.3.3.2.3.    By Capacity

8.3.3.2.4.    By Application

8.3.4.    Italy Lithium-Ion Battery Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.    By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.    By Component

8.3.4.2.2.    By Product

8.3.4.2.3.    By Capacity

8.3.4.2.4.    By Application

8.3.5.    Spain Lithium-Ion Battery Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.    By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.    By Component

8.3.5.2.2.    By Product

8.3.5.2.3.    By Capacity

8.3.5.2.4.    By Application

9.    South America Lithium-Ion Battery Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Product

9.2.3.    By Capacity

9.2.4.    By Application

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Lithium-Ion Battery Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.    By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.    By Component

9.3.1.2.2.    By Product

9.3.1.2.3.    By Capacity

9.3.1.2.4.    By Application

9.3.2.    Argentina Lithium-Ion Battery Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.    By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.    By Component

9.3.2.2.2.    By Product

9.3.2.2.3.    By Capacity

9.3.2.2.4.    By Application

9.3.3.    Colombia Lithium-Ion Battery Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.    By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.    By Component

9.3.3.2.2.    By Product

9.3.3.2.3.    By Capacity

9.3.3.2.4.    By Application

10. Middle East & Africa Lithium-Ion Battery Market Outlook

10.1.             Market Size & Forecast

10.1.1.               By Value

10.2.             Market Share & Forecast

10.2.1.               By Component

10.2.2.               By Product

10.2.3.               By Capacity

10.2.4.               By Application

10.2.5.               By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1.               Saudi Arabia Lithium-Ion Battery Market Outlook

10.3.1.1.               Market Size & Forecast

10.3.1.1.1.           By Value 

10.3.1.2.               Market Share & Forecast

10.3.1.2.1.           By Component

10.3.1.2.2.           By Product

10.3.1.2.3.           By Capacity

10.3.1.2.4.           By Application

10.3.2.               South Africa Lithium-Ion Battery Market Outlook

10.3.2.1.               Market Size & Forecast

10.3.2.1.1.           By Value 

10.3.2.2.               Market Share & Forecast

10.3.2.2.1.           By Component

10.3.2.2.2.           By Product

10.3.2.2.3.           By Capacity

10.3.2.2.4.           By Application

10.3.3.               UAE Lithium-Ion Battery Market Outlook

10.3.3.1.               Market Size & Forecast

10.3.3.1.1.           By Value 

10.3.3.2.               Market Share & Forecast

10.3.3.2.1.           By Component

10.3.3.2.2.           By Product

10.3.3.2.3.           By Capacity

10.3.3.2.4.           By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             BYD Company Limited

13.1.1.                Business Overview

13.1.2.                Key Revenue and Financials

13.1.3.                Recent Developments

13.1.4.                Key Personnel

13.1.5.                Key Product/Services

13.2.             Contemporary Amperex Technology Co. Limited

13.2.1.                Business Overview

13.2.2.                Key Revenue and Financials

13.2.3.                Recent Developments

13.2.4.                Key Personnel

13.2.5.                Key Product/Services

13.3.             LG Chem Ltd

13.3.1.                Business Overview

13.3.2.                Key Revenue and Financials

13.3.3.                Recent Developments

13.3.4.                Key Personnel

13.3.5.                Key Product/Services

13.4.             Panasonic Corporation

13.4.1.                Business Overview

13.4.2.                Key Revenue and Financials

13.4.3.                Recent Developments

13.4.4.                Key Personnel

13.4.5.                Key Product/Services

13.5.             Samsung SDI

13.5.1.                Business Overview

13.5.2.                Key Revenue and Financials

13.5.3.                Recent Developments

13.5.4.                Key Personnel

13.5.5.                Key Product/Services

13.6.             Sony Corporation

13.6.1.                Business Overview

13.6.2.                Key Revenue and Financials

13.6.3.                Recent Developments

13.6.4.                Key Personnel

13.6.5.                Key Product/Services

13.7.             Tesla Inc.

13.7.1.                Business Overview

13.7.2.                Key Revenue and Financials

13.7.3.                Recent Developments

13.7.4.                Key Personnel

13.7.5.                Key Product/Services

13.8.             Tianjin Lishen Battery Joint-Stock Co. Ltd

13.8.1.                Business Overview

13.8.2.                Key Revenue and Financials

13.8.3.                Recent Developments

13.8.4.                Key Personnel

13.8.5.                Key Product/Services

13.9.             Toshiba Corporation

13.9.1.                Business Overview

13.9.2.                Key Revenue and Financials

13.9.3.                Recent Developments

13.9.4.                Key Personnel

13.9.5.                Key Product/Services

13.10.           Hitachi Chemical Co. Ltd.

13.10.1.             Business Overview

13.10.2.             Key Revenue and Financials

13.10.3.             Recent Developments

13.10.4.             Key Personnel

13.10.5.             Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer        

Figures and Tables

Frequently asked questions

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The market size of the Global Lithium-Ion Battery Market was USD 44.71 billion in 2022.

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3,000–10,000 mAh segment was the dominant segment in the Global Lithium-Ion Battery Market in 2022. This segment in the Global Lithium-Ion Battery Market encompasses a range of battery capacities that find widespread applications in various devices. These devices include smartphones, tablets, portable consumer electronics, and small-scale energy storage systems. Lithium-ion batteries with capacities ranging from 3,000 to 10,000 mAh strike a balance between size and capacity, making them ideal for compact electronics.

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Raw Material Availability and Supply Chain Vulnerability are the major challenges of Global Lithium-Ion Battery Market.

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Renewable Energy Integration and Consumer Electronics Proliferation are the major drivers of Global Lithium-Ion Battery Market.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Global Lithium-Ion Battery Market is expected to grow at a robust CAGR

Nov, 2023

Global Lithium-Ion Battery Market is expected to grow owing to increasing product demand for smartphones owing to their extended shelf life and enhanced efficiency throughout the forecast period.

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