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Lithium Ion Battery Market Is Estimated to Surpass $80 Billion by 2025

Published By: IndustryARC Published On : 15-Apr-2019
According to the report published by IndustryARC titled  “

Lithium Ion Battery Market: By Material Type (Cathode, Anode, Electrolytic Solution, Others (Separator, Binder, Foils, & others)) By Application (Electronics, Automotive, Industrial, Others (Energy, Medical, & Military)) & Geography - Forecast(2019 - 2025)

,” the Lithium Ion Battery Market is forecast to surpass $80 billion by 2023, growing at a CAGR of around 15%. 

Browse 49 Market Tables and 176 Figures spread through 115 Pages, and go through an in-depth TOC on the "

Lithium-Ion Battery Market

 (2019 - 2025)

"


Early buyers will receive 10% customization on this report.



According to IndustryARC, the high growth of the Lithium Ion Battery Market is mainly due to the burgeoning demand in the automotive sector. UltraCharge Ltd, a Lithium Ion batteries manufacturer is currently in the process of commercializing high powered, cobalt-free lithium-ion batteries which would lower the cost of energy storage.  Increasing instances of development activities in Lithium Ion batteries is anticipated to provide significant growth opportunities for the Lithium Ion Battery market. Additionally, these development activities by Lithium Ion Battery manufacturers are anticipated to provide cost-effective products without compromising on the performance, which in turn affects the Lithium Ion Battery Market growth.

Lithium Ion batteries are used across various end-user industries such as electronics, automotive, industrial, and others. Automotive remains the largest end-user industry for Lithium Ion batteries and is estimated to grow at a CAGR of around 22% from 2019 to 2025. The high growth of this segment is attributed to the growing emphasis on electric vehicles across the globe. Some of the key materials essential to manufacture a Lithium Ion battery are Cathode, anode, electrolytic solution, separator, binder and foils. Increasing R&D investments in material science, is anticipated to pave the way for smaller and cost effective products with better performance.

Asia-Pacific is the largest market for Lithium Ion batteries. Burgeoning trend to develop reliable battery which could deliver variable power ranges with low energy losses are anticipated to pave the way for significant opportunities for lithium ion battery market growth in the APAC region. In APAC, China, India, and Japan have a high demand for Lithium Ion batteries especially in automotive end-user industry. This demand is expected to propel the market growth in the APAC region. Additionally, increasing population coupled with growing disposable income in the APAC region is escalating the demand for the consumer electronics, which in turn affects the Lithium Ion battery market growth.

The major players in this market include


  • BYD Co Ltd 
  • Panasonic Corp.
  • Johnson Controls International plc
  • Hitachi Chemical Co., Ltd. 
  • Samsung SDI Co
  • GS Yuasa Corp.
  • BAK Group
  • Toshiba Corp.
  • LG Chem Ltd.
  • Tesla

Lithium Ion Battery manufacturers have launched new technologies and products launches as a strategy and enhanced core competencies through additions to product portfolio to gain a foothold in the emerging markets.


The various end-user industries covered in the Lithium Ion Battery Market report include:


  • Electronics
  • Automotive
  • Industrial
  • Others (Energy, Medical, & Military)

The overall Lithium Ion Battery Market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.


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Related Report:


A. Silicon anode batteries Market 


B. Automotive Battery Market


About IndustryARC:


IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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