Lithium Ion Battery Marketmanufacturers, Growth Analysis Till 2027
June 11, 2021 ⚊ 4 Min read ⚊ Views 248 ⚊ BUSINESS
The growth of the market is driven by the increasing demand for plug – in vehicles and increasing demand for automation and battery. Market Size – USD 36.20 billion in 2018, Market Growth – CAGR of 13.4%, Market Trends – Increasingly being used as a hybrid and full – battery electric vehicle (BEV) power source The Lithium Ion Battery Market is forecasted to grow from USD 36.20 billion in 2018 to USD 109.72 billion by 2026, at a CAGR of 13.4%, during the forecast period. Lithium – ion batteries are increasingly being used as a hybrid and full – battery electric vehicle (BEV) power source. To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1016 Top Leaders Operating in the Market are : • Samsung (South Korea), • BYD (China), • Sony (Japan), • LG Chem (South Korea), • Sanyo (Japan), • ATLASBX Co. Ltd. (South Korea), • Johnson Controls (US), • Exide Technologies (US), • Saft (France) and East Penn Manufacturing Co. (US). Lithium Ion Battery Market Segmentation: Product Type Outlook: • Lithium cobalt oxide (LCO) • Lithium iron phosphate (LFP) • Lithium Nickel Cobalt Aluminum Oxide (NCA) • Lithium Manganese Oxide (LMO • Lithium Titanate • Lithium Nickel Manganese Cobalt Application Outlook: • Automotive • Consumer electronics • Industrial • Energy Storage Systems Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1016 Regional Analysis Covers: • North America (U.S., Canada, Mexico) • Europe (U.K., Italy, Germany, France, Rest of EU) • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) • Latin America (Chile, Brazil, Argentina, Rest of Latin America) • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) To know more about the report, visit @ https://www.reportsanddata.com/report-detail/lithium-ion-battery-market Further key findings from the report suggest: • The Lithium Ion Battery Market is forecasted to grow from USD 36.20 billion in 2018 to USD 109.72 billion by 2026, at a CAGR of 13.4%, during the forecast period. Lithium ion batteries are increasingly used as a source of power for hybrid and full battery electric vehicles (BEV). • The market for Lithium Nickel Manganese Cobalt (NMC) is expected reach USD 39.01 Billion in 2026. NMC is used in laptops, mobile phones, tablets and electrical storage systems for batteries. It is expected that the batteries of notebooks, mobile phones and tablets will gradually replace LCO and NCA cathode materials. • The market for 0 to 3000 mAh is expected to reach USD 29.28 Billion in 2026. The growing market for consumer electronics and smartphones has increased the need for high – powered batteries to keep the device running for long hours. • Automotive segment is expected to reach USD 20.53 Billion in 2026. Even if electric car sales for personal use remain silenced in the future, fleet operators running electric cars will require batteries. Moreover, in emerging countries with lower lead-acid batteries there are more than 8 million e-rickshaws operating. They have short cycles of replacement. There’s a huge opportunity. • The market for Asia Pacific is expected to reach USD 44.99 Billion in 2026. As a global hub for automotive manufacturing, China has enormous potential for market growth. Increased electric vehicle production and lithium ion batteries used in vehicles are driving China’s market. In addition, China is also one of the world’s leading electronic device manufacturers. Multiple applications in China are expected to drive the lithium ion battery market. • The major players in the market are Samsung (South Korea), BYD (China), Sony (Japan), LG Chem (South Korea), Sanyo (Japan), ATLASBX Co. Ltd. (South Korea), Johnson Controls (US), Exide Technologies (US), Saft (France) and East Penn Manufacturing Co. (US). Read More Report as:- Levulinic Acid Market Retort Packaging Market About Us: Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development. Contact Us: John W Head of Business Development Reports And Data | Web: www.reportsanddata.com/ Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com
