Global Li-ion Battery Market Report 2021: Increasing Penetration of Li-ion Battery in Data Centers Augurs Well for the Market Growth - Forecast to 2027

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Jul 13, 2021, 11:45 ET

DUBLIN, July 13, 2021 /PRNewswire/ -- The "Li-ion Battery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global market for Li-ion Battery estimated at US$46.6 Billion in the year 2020, is projected to reach a revised size of US$127.8 Billion by 2027, growing at a CAGR of 15.5% over the analysis period 2020-2027.

Lithium Nickel Manganese Cobalt (NMC), one of the segments analyzed in the report, is projected to grow at a 17.1% CAGR to reach US$52 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium Iron Phosphate (LFP) segment is readjusted to a revised 14% CAGR for the next 7-year period. This segment currently accounts for a 26.5% share of the global Li-ion Battery market.

The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 20% CAGR for the Period of 2020-2027

The Li-ion Battery market in the U.S. is estimated at US$12.6 Billion in the year 2020. The country currently accounts for a 26.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$29.8 Billion in the year 2027 trailing a CAGR of 20.3% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR while Rest of European market (as defined in the study) will reach US$29.8 Billion by the year 2027.

Select Competitors (Total 98 Featured)

Coslight India Telecom Pvt. Ltd.
Electrovaya, Inc.
EnerDel, Inc.
GS Yuasa Corporation
Highpower International, Inc.
Hitachi Chemical Co., Ltd.
HYB Battery Co., Ltd.
Johnson Controls, Inc.
Kokam Co., Ltd.
LG Chem
Li-Tec Battery GmbH
MINAMOTO Battery (HK) Ltd.
Panasonic Corporation
Samsung SDI Co., Ltd
SK Innovation Co., Ltd.
Sony Corporation
Sunwoda Electronic Co., Ltd.
Tianjin Lishen Battery Joint-Stock Co., Ltd.
Toshiba Corporation
A123 Systems LLC
Automotive Energy Supply Corporation (AESC)
Blue Energy Canada, Inc.
BYD Co., Ltd.
Cell-Con, Inc.
CNEBIKES Co., Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

Construction and Package Types of Li-ion Battery
Advantages and Disadvantages of Li-ion Batteries
Applications of Li-Ion Batteries
Li-ion Battery: Battery Technology with Expanding Applications in Consumer Electronics, Electric Vehicles and Energy Storage Sectors
NMC: The Largest Segment by Chemistry Type
Asian Countries Spearhead Growth in the Li-ion Battery Market
China Dominates Li-ion Battery Production
Impact of Covid-19 and a Looming Global Recession
Growing Sales of Electric Vehicles: A Significant Opportunity for Li-ion Batteries Market
Falling Battery Costs to Drive Down Cost of EVs
Global Automakers Focus on Securing Raw Materials for EVs
Rising Interest in Lithium for Use in EV Li-ion Batteries
While China Focuses on Building Future Batteries, Tesla Remains the Only US Company in Race
LiFePO4 Battery Gaining Prominence in Automotive Applications
Manufacture of Lithium-Ion Batteries for EVs: Challenges Continue to Persist
Li-ion Battery Recycling Market: Rising Environmental Concerns and Strict Government Policies Foster Growth
Rising Sales of Electric Buses Bolsters Demand for Li-ion Batteries
Li-ion Batteries: The Preferred Rechargeable Battery Chemistry for Consumer Electronics Devices
Widespread Use of Li-ion Batteries in Smartphones
With Smartphones Evolving Rapidly, Li-ion Batteries Struggle to Address the Demanding Needs of Devices
Lithium-Ion Batteries with Graphene: A Substitute to Conventional Li-ion Batteries Used in Mobile Phones
Sustained Use of Li-ion Batteries in Laptops and Notebooks
Li-ion Batteries Gain Momentum in Wearable Devices
Rechargeable Li-ion Batteries Find Application in Smart Homes
Li-ion Batteries Emerge as the Dominant Technology for Grid-Scale Energy Storage
Rapid Growth of Renewable Energy Market: Opportunity for Li-ion Batteries
Falling Cost of Clean Energy and Li-ion Batteries Favors Adoption in Renewable Energy Systems
Peak Shifting Application Promises High Demand Scenario for Li-ion Batteries
Lithium-ion Solar Batteries Hold an Edge over Lead Acid Batteries for Residential Solar Customers
High Cost and Limited Battery Life Impede Adoption of Li-ion Batteries in Renewable Systems
Increasing Penetration of Li-ion Battery in Data Centers Augurs Well for the Market Growth
Li-ion Batteries Offer Support for Industrial Applications
Use of Li-ion Batteries Gaining Momentum in Material Handling Industry
As the Wonder Material, Graphene Holds the Potential to Enhance Attributes of Li-ion Batteries
Li-ion Battery Pricing Trends: Significant Impact on Adoption in Automotive Industry
Battery Startups Invest in Next Generation Li-ion Batteries
Raw Material Availability and Pricing: Factors with Significant Implications for Li-ion Batteries Market
Raw Material Cost: The Largest Proportion of Overall Cost of Li-ion Battery
Lithium Reserves and Production: Vital for Li-ion Battery Market
High Cobalt Prices: Reason for Slower Decline in Production Cost of Li-ion Battery
Major Players with Growing Clout in LIB Raw Materials Marketplace
Innovations in Material Science and Capacity Critical to Creating the Next-Gen Li-ion Battery
Safety Concerns and Other Disadvantages of Li-ion Batteries: A Review
Competing Disruptive Battery Technologies: A Major Challenge for Li-ion Battery Market
Despite Emergence of Alternatives, Li-ion Remains the Most Promising Battery Tech for Various Applications
Changes in Li-ion Battery Composition and Component Use
Innovations, Advancements & Research Studies
Solid State Lithium-ion Battery: Faster Charging and Longer Lasting Option
Innolith Develops Non-Flammable Lithium-Ion Battery
Researchers Advance Technology to Enable Production of Non-Flammable Li-ion Batteries
German Researchers Find Singlet Oxygen as the Factor Causing Breakdown of Li-ion Battery
Nano One Wins Chinese Patent for Li-ion Battery Applications
Size-Tunable Natural Mineral-Molybdenite Increase Storage Capacity and Accelerate Ions Transfer in Li-ion Batteries
Developments Underway to Mass Produce CSIR Lab's Indigenous Lithium Ion Battery Technology
US Department of Energy Initiates Research to Develop Next-Gen Li-ion Batteries
24M Developing Simple Li-ion Batteries Capable of Reducing EVs Costs
University of Alberta Chemists Developing Silicon-Based LIBs with 10 Fold Increase in Charge Capacity

III. MARKET ANALYSIS

Active Players in United States
EVs and Renewable Energy Projects: Applications Fostering Demand for Li-ion Batteries in the US
Utilities Invest in Large Batteries Rather than Build New Capacity: Potential for LIB Market
US Bans Li-ion Battery Cargo Shipments Aboard Passenger Planes
SWANA Supports Legislation for Li-ion Batteries Recycling Program in California amidst Rising Fire Incidents
China Leads the Global Lithium-Ion Battery Industry
Robust Growth of EV Sales: Positive Outlook for Li-ion Battery Market
Chinese Government Intends to Encourage Li-ion Battery Manufacturing Industry
Amidst Plans to Strengthen LIB Production, China Looks to Secure Supplies of Vital Raw Materials
China Looks to Tap Opportunities Emerging in EV Battery Recycling Space
Repurposing of Li-ion Batteries: A New Life for Old Batteries with Useful Capacity
China's New Energy Vehicle (NEV) Subsidies to Favor Li-ion Battery Making Market
Emphasis on NEV Infrastructure Augurs Well for the Market
Ministry of Industry and Information Technology Revises Regulations for Lithium-ion Battery Industry
Leading Lithium-ion Battery Manufacturers in China
European Li-ion Battery Market: Renewable Energy and EVs Sectors to Fuel Growth
EU Plans Huge Investments in Li-ion Battery Manufacturing Space
New Li-ion Battery Factories Planned: Europe's Long-term Strategy to Deal with Asian Challenge

IV. COMPETITION

Total Companies Profiled: 98

For more information about this report visit https://www.researchandmarkets.com/r/81loh4

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