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Lithium-ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global lithium-ion battery market size reached US$ 28.5 Billion in 2018. A lithium-ion battery, or Li-ion battery (LIB), is a rechargeable battery with a high energy density. A typical Li-ion battery includes three components, namely the anode, cathode and electrolyte. Currently, there are various types of Li-ion batteries available in the market that operate by releasing Li-ion from different forms of compounds. As compared to nickel-cadmium batteries, these batteries require low maintenance and have a much lower self-discharge. Owing to these properties, they are considered ideal for modern fuel gauge applications.

Lithium-ion Battery Market Report

Over the years, there has been a rise in the demand for Li-ion batteries in grid energy storage due to the increasing demand for electricity and rapid fluctuations in supply. Also, the development of new technologies has led to the increased usage of various electronic devices worldwide, such as digital cameras, smartphones and tablets. These devices are being embedded with unique features that consume more energy, owing to which the devices require to be recharged frequently. Such advancements have given rise to the demand for high-quality rechargeable batteries. However, the industry can witness fluctuations in the logistics costs of Li-ion batteries due to changes in the regulatory framework regarding their transportation. In 2019, the US Department of Transport’s Pipeline and Hazardous Materials Safety Administration (USDOT/PHMSA) harmonized its Hazardous Materials Regulations (HMR) with the international regulations. The new rules include various requirements, prohibitions and allowances, including a ban on the transportation of li-ion or batteries as cargo, on passenger aircraft. Looking forward, IMARC Group expects the market to reach a value of US$ 53.8 Billion by 2024, at a projected CAGR of 11% during 2019-2024.

Breakup by Product Type:

  • Lithium Cobalt Oxide
  • Lithium Iron Phosphate
  • Lithium Nickel Manganese Cobalt
  • Lithium Manganese Oxide
  • Others (Li-ion Nickel Cobalt Aluminium Oxide and Li-ion Titanate Oxide)

Currently, Li-ion cobalt oxide represents the largest product type as it has high specific energy, which makes it suitable for use in various electronic equipment and consumer items.

Breakup by Power Capacity:

  • 0 to 3000mAh
  • 3000mAh to 10000mAh
  • 10000mAh to 60000mAh
  • More than 60000mAh

At present, batteries with power capacity from 0 to 3000mAh represent the largest category. They are utilized in consumer electronics, including digital cameras and camcorders, mobile phones and handheld gaming consoles.

Breakup by Application:

  • Consumer Electronics
  • Electric Vehicles
  • Energy Storage
  • Others

Presently, most of the Li-ion batteries are used in consumer electronics, owing to the demand for safe and inexpensive batteries with a higher energy density.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific is the biggest industry for lithium-ion batteries, accounting the majority of the total market share. This can be accredited to the presence of numerous leading battery original equipment manufacturers (OEMs) in the region.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the lithium ion battery manufacturers being A123 Systems LLC, AESC SDI CO.,LTD., LG Chem Ltd., Panasonic Corporation, SAMSUNG SDI CO.,LTD., Toshiba Corporation, Amperex Technology Limited, BAK Group, Blue Energy Limited, BYD Company Ltd., CBAK Energy Technology, Inc., Tianjin Lishen Battery Joint-Stock CO.,LTD., Valence Technology, Inc., SK innovation Co., Ltd, and Hitachi, Ltd.

Key Questions Answered in This Report:

  • How has the global lithium-ion battery market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market on the basis of the product type?
  • What is the breakup of the market on the basis of the power capacity?
  • What is the breakup of the market on the basis of the application?
  • What are the price trends of lithium-ion batteries?
  • What are the various stages in the value chain of the industry?
  • How are lithium-ion batteries manufactured?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global lithium-ion battery market and who are the key players?
  • What is the degree of competition in the market?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Lithium-ion Battery Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product Type
    5.4    Market Breakup by Power Capacity
    5.5    Market Breakup by Application
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Marketing
        5.9.6    Distribution
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    Price Analysis
        5.11.1    Key Price Indicators
        5.11.2    Price Structure
        5.11.3    Price Trends
6   Market Breakup by Product Type
    6.1    Lithium Cobalt Oxide
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Lithium Iron Phosphate
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Lithium Nickel Manganese Cobalt
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Lithium Manganese Oxide
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others (Lithium Nickel Cobalt Aluminium Oxide and Lithium Titanate Oxide)
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by Power Capacity
    7.1    0 to 3000mAh
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    3000mAh to 10000mAh
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    10000mAh to 60000mAh
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    More than 60000mAh
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Application
    8.1    Consumer Electronics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Electric Vehicles
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Energy Storage
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Region
    9.1    Asia Pacific
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    North America
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Europe
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Middle East and Africa
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Latin America
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Lithium-ion Battery Manufacturing Process
    10.1    Product Overview
    10.2    Raw Material Requirements
    10.3    Manufacturing Process
    10.4    Key Success and Risk Factors
11  Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
    11.3    Profiles of Key Players
        11.3.1    A123 Systems
        11.3.2    Automotive Energy Supply Corp.
        11.3.3    LG Chem
        11.3.4    Panasonic
        11.3.5    SAMSUNG SDI
        11.3.6    Toshiba
        11.3.7    Amperex Technology (ATL)
        11.3.8    BAK Group
        11.3.9    Blue Energy
        11.3.10    BYD
        11.3.11    CBAK Battery
        11.3.12    Tianjin Lishen Battery 
        11.3.13    Valence Technology 
        11.3.14    SK innovation
        11.3.15    Hitachi Ltd.

List of Figures

Figure 1: Global: Lithium-ion Battery Market: Major Drivers and Challenges
Figure 2: Global: Lithium-ion Battery Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Lithium-ion Battery Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Lithium-ion Battery Market: Breakup by Power Capacity (in %), 2018
Figure 5: Global: Lithium-ion Battery Market: Breakup by Application (in %), 2018
Figure 6: Global: Lithium-ion Battery Market: Breakup by Region (in %), 2018
Figure 7: Global: Lithium-ion Battery Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 8: Lithium-ion Battery Market: Price Structure (US$/Unit)
Figure 9: Global: Lithium-ion Battery Market: Average Prices (in US$/Unit), 2011-2024
Figure 10: Global: Lithium-ion Battery Industry: SWOT Analysis
Figure 11: Global: Lithium-ion Battery Industry: Value Chain Analysis
Figure 12: Global: Lithium-ion Battery Industry: Porter’s Five Forces Analysis
Figure 13: Lithium-ion Battery Manufacturing: Production Cost Breakup (in %)
Figure 14: Global: Lithium-ion Battery (Lithium Cobalt Oxide) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Lithium-ion Battery (Lithium Cobalt Oxide) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Lithium-ion Battery (Lithium Iron Phosphate) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Lithium-ion Battery (Lithium Iron Phosphate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Lithium-ion Battery (Lithium Nickel Manganese Cobalt) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Lithium-ion Battery (Lithium Nickel Manganese Cobalt) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Lithium-ion Battery (Lithium Manganese Oxide) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Lithium-ion Battery (Lithium Manganese Oxide) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Lithium-ion Battery (Others) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Lithium-ion Battery (Others) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Lithium-ion Battery (0 to 3000mAh) Market: Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Lithium-ion Battery (0 to 3000mAh) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Lithium-ion Battery (3000mAh to 10000mAh) Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Global: Lithium-ion Battery (3000mAh to 10000mAh) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Lithium-ion Battery (10000mAh to 60000mAh) Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: Global: Lithium-ion Battery (10000mAh to 60000mAh) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Lithium-ion Battery (More than 60000mAh) Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Global: Lithium-ion Battery (More than 60000mAh) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Lithium-ion Battery (Consumer Electronics) Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Global: Lithium-ion Battery (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Global: Lithium-ion Battery (Electric Vehicles) Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Global: Lithium-ion Battery (Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Lithium-ion Battery (Energy Storage) Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Global: Lithium-ion Battery (Energy Storage) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Global: Lithium-ion Battery (Other Applications) Market: Sales Value (in Million US$), 2011 & 2018
Figure 39: Global: Lithium-ion Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Asia Pacific: Lithium-ion Battery Market: Sales Value (in Million US$), 2011 & 2018
Figure 41: Asia Pacific: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: North America: Lithium-ion Battery Market: Sales Value (in Million US$), 2011 & 2018
Figure 43: North America: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Europe: Lithium-ion Battery Market: Sales Value (in Million US$), 2011 & 2018
Figure 45: Europe: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: Middle East and Africa: Lithium-ion Battery Market: Sales Value (in Million US$), 2011 & 2018
Figure 47: Middle East and Africa: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 48: Latin America: Lithium-ion Battery Market: Sales Value (in Million US$), 2011 & 2018
Figure 49: Latin America: Lithium-ion Battery Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 50: Lithium-ion Battery Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Lithium-ion Battery Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Lithium-ion Battery Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 3: Global: Lithium-ion Battery Market Forecast: Breakup by Power Capacity (in Million US$), 2019-2024
Table 4: Global: Lithium-ion Battery Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 5: Global: Lithium-ion Battery Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Lithium-ion Battery Manufacturing: Raw Material Requirements
Table 7: Global: Lithium-ion Battery Market: Competitive Structure
Table 8: Global: Lithium-ion Battery Market: Key Players        

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