Global Lithium Ion Battery Market to Reach US$ US$ 162.9 Billion by 2030, Says Coherent Market Insights (CMI)
Seattle, Sept. 15, 2022 (GLOBE NEWSWIRE) -- The global lithium ion battery market is estimated to be valued at US$ 46.5 Bn in 2021, and is expected to exhibit a CAGR of 17.0% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Lithium Ion Battery Market:
The growing advancement in battery technologies in terms of efficiency is expected to propel the market growth of Li-ion batteries. These batteries are lightweight and environmentally friendly which makes them an ideal source of power in electronic appliances. Moreover, these batteries can last more than 500 repeated charges and discharges. Furthermore, the Li-ion battery maintains its full capacity even after a partial recharge. Thus increasing advancement in the battery technologies are projected to propel the market growth.
The increasing adoption of lithium cobalt oxide in electric bikes and power tools due to its low cost is contributing to market growth. They have longer cycle life and higher energy density due to which they are gaining popularity in the market. Moreover, they offer high-performance and also high capacity and power. Thus, the growing popularity of lithium cobalt oxide is projected to foster the market growth of the Li-ion battery technology over the forecast period.
Request Sample copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/284
Key Market Takeaways:
The global lithium ion battery market is expected to exhibit a CAGR of 17.0% over the forecast period (2022-2030). Polymer is a key component in Li-ion batteries. In February 2020, Nouryon, manufacturer of specialty chemicals begun the first deliveries of AkuPure, a carboxymethyl cellulose (CMC) polymer. Specifically for the fast-growing lithium-ion battery market. AkuPure is an ultra-high-purity CMC that improves the electrode coating process, making the battery more efficient by helping it to retain and deliver power more effectively.
Growing innovation in the Li-ion batteries by key manufacturers in order to cater to evolving demand is expected to bring new market opportunities. For instance, in January 2020, Kyocera, a leading supplier of solar power generating systems announced the launch of the world's first SemiSolid lithium-ion battery. The SemiSolid lithium-ion battery has a higher energy density, lower manufacturing costs, and improved safety, the companies claim that SemiSolid is the new standard for lithium-ion cells. Thus, growing innovation in Li-ion batteries will uplift the market growth over the forecast period.
Competitive Landscape:
Major players operating in the global lithium ion battery market include Sony, LLC, Automotive Energy Supply Corporation (AESC), China BAK Battery, Inc, GS Yuasa Corporation, Hitachi Chemical Co. Ltd., Johnson Controls, Inc., LG Chem Power, Inc., Panasonic Corporation, Samsung SDI Co. Ltd., and Toshiba Corporation
Key players operating in the lithium ion market are focusing on various strategies such as partnerships in between key players in order to strengthen their market presence and expand their product portfolio. For instance, in August 2021, Nissan Motors, automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan, announced that it will build a lithium-ion battery plant in Japan to support EV (Electric Vehicle) production as part of a joint investment project with battery manufacturer, Envision AESC.
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/284
Market Segmentation:
Global Lithium-Ion Battery Market, By Type:
Cathode
Anode
Electrolytic solution
Others (Separator, binder, etc.)
Global Lithium-Ion Battery Market, By Application:
Automotive
Industrial
Consumer electronics and products
Others (Energy, Medical and Military)
Global Lithium-Ion Battery Market, By Region:
North America
By Country
U.S.
Canada
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Country
GCC
Israel
Rest of Middle East
Africa
By Region/Country
South Africa
Central Africa
North Africa
Related Market Intelligence Reports:
Lithium Market, By Type (Metal, Compound, Alloy), By Application (Battery, Grease, Air Treatment, Pharmaceuticals, Glass/Ceramic (Including Frits), Polymer, Other Applications), By End-User (Industrial, Consumer Electronics, Energy Storage, Medical, Automotive, Other End-user Industries), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030
Silicon Anode Battery Market, By Application (Consumer Electronics (3G/4G Cell Phones, Laptops, Tablets, MP4 Players, Digital Cameras, Other Microelectronic Devices),Automotive (Plug-in Hybrid Electric Vehicles, Hybrid Electric Vehicles, Electric Vehicles, Electric Bicycles), Industrial, Grid and Renewable Energy), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
CONTACT: Mr. Shah Senior Client Partner – Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com