Lithium Ion Battery Market

21 Mar


Lithium Ion Battery Market Poised to Grow at a CAGR of 12.1% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Lithium Ion Battery Market. The report presents analysis of global as well as regional markets of lithium ion battery market over the period of 2016 to 2024. The rapidly growing use of lithium-ion batteries in the consumer electronics drives the growth of Lithium-ion batteries market. The benefits of lithium-ion battery over the other tradition batteries include high energy density, Low self-discharge level and longer shelf life so they are vastly used in the consumer electronics. In addition, the adoption of lithium-ion battery for the automotive sector in hybrid and electric vehicle are rising with the faster rate that is likely to boost the demand of lithium-ion battery market. Furthermore, the factors such as growing renewable energy sector and favorable government policies are expected to contribute to the growth of lithium-ion battery in upcoming years. Furthermore, use of lithium ion batteries in the aerospace and the defense sectors is rising very rapidly that anticipated to escalate the growth of lithium ion battery market. The properties offered by the lithium-ion battery such as low weight, high efficiency and high energy density and others they are vastly replacing the led ion batteries in the aerospace and defense sectors. 


However, the problem associated with battery overheating are expected to restrain the growth of lithium-ion battery market. Moreover, rapidly growing technological innovations in the lithium-ion battery technologies are projected to create several opportunities in the lithium-ion batteries market in upcoming years. The declining prices and the offered advantages of lithium-ion batteries are increasing consumer inclination towards the adoption of lithium-ion battery in the new applications that are anticipated to serve the tremendous prospects for the lithium-ion battery market over the forecast period. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global lithium ion battery market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that Asia Pacific dominated the global lithium ion battery market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the lithium ion battery market worldwide.


The report segments the global lithium ion battery market on the basis of Types, Power Capacity and Application .


Global Lithium Ion Battery Market by Types

·         Lithium Cobalt Oxide

·         Lithium Manganese Oxide

·         Lithium Nickel Manganese Cobalt Oxide

·         Lithium Nickel Cobalt Aluminum Oxide

·         Lithium Iron Phosphate

·         Lithium Titanate


Global Lithium Ion Battery Market by Power Capacity

·         0 To 3000mAh

·         3000mAh To 10000mAh

·         10000mAh To 60000mAh

·         Others


Global Lithium Ion Battery Market by Application 

·         Consumer Electronics

·         Automotive

·         Energy Storage

·         Industrial

·         Others


Companies Profiled in the Report

·         Panasonic

·         BYD Co.

·         LG Chem

·         Samsung

·         GS Yuasa Corporation

·         Hitachi

·         Toshiba Corporation

·          China BAK Battery Co. Ltd

·         Automotive Energy Supply Corporation (AESC)

·         Johnson Controls, Inc.,


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.