New York, NY, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Lithium-Ion Battery Market by Power Capacity Segment, Lithium-Ion Battery Market Has Been Segmented Into 5–25 WH, 48-95 WH, 18–28 KWH, 100–250 KWH And More Than 300 KWH for Include Automotive, Aerospace and Defense, Consumer Electronics, Industrial And Others Application - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022’’. According to the report, global lithium-ion battery market was capitalized at almost USD 31.17 Billion in 2016 and is likely to create income of USD 67.70 Billion by 2022, developing at a CAGR of slightly more than 13.70% from 2017 to 2022.
As per analysts at Zion Market Research, the lithium-ion battery market grows at fastest rate owing to its acceptance in various user electronics such as tablets, smartphones, MP3 players, and digital cameras among others. Li-ion batteries are one of the most accepted batteries in the globe owing to the global employment of laptop computers and mobile phones. In addition to this, the requirement for Li-ion batteries in the automobile sector is more due to the rising requirement for electric cars, thereby boosting the lithium-ion battery market.
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In addition to this, various M&A by major market players is also set to bolster the development of lithium-ion battery market. For example, in December 2017, Panasonic Corporation joined hands with Toyota Motor Corp for the development of Li-ion prismatic cells. This deal is aimed to deal with the rising expectations and demand for electric cars.
Consumer Electronics To Lead The Lithium-Ion Battery Market With Biggest Share Of The Global Market In Future
The lithium-ion battery market is divided on the basis of its power capacity into 48–95 Wh, 5–25 Wh, 100–250 KWh, 18–28 KWh, and more than 300 KWh. 5-25 Wh section is one of the top divisions of lithium-ion battery market. The section added for more than 32% of the total lithium-ion battery market in terms of income. 18-28 KWh division is likely to develop at a noteworthy rate in the years to come.
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A number of applications sections of lithium-ion battery market comprise aerospace, automotive, consumer electronics, defense, and industrial among others. Consumer electronics is the top section of lithium-ion battery market and added up for the biggest share of the global lithium-ion battery market. This division is likely to carry on its supremacy in the global lithium-ion battery market all over the forecast period owing to increasing demand tablet, smartphone, and laptop. Industrial and automotive are other major outlets of the lithium-ion battery market and are likely to show significant development in the lithium-ion battery market within the forecast period.
Some of the major players in the lithium-ion battery market comprise Hitachi Chemical Co. Ltd., Panasonic Corporation, Johnson Controls, Inc., BAK Group, LG Chem Power, Inc., Samsung SDI Co. Ltd., A123 Systems, LLC., Toshiba Corporation., GS Yuasa Corporation, Saft Groupe SA, BYD Company Ltd., Automotive Energy Supply Corporation (AESC), and Valence Technology, Inc. among others. These companies are set to bolster the development of lithium-ion battery market.
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North America is one of the largest regional markets in the global lithium-ion battery market. Lithium-ion battery market is mainly driven by the rising demand for smartphones and other consumer electronics devices. The U.S. is the key region in North America and plays a major role in the development of the future lithium-ion battery. In 2016, U.S. accounted for over 72% share of the regional revenue in this market and is expected to witness significant growth owing to increasing electric vehicle demand with growing adoption of high-quality consumer electronics products.
The Asia Pacific is one of the fastest growing regional markets for lithium-ion battery and accounted for over 45% share of the total market. Government organization provides funding supports to several research projects in this field. The Asia Pacific is expected to have significant growth during the years to come owing to strong demand for smartphones, tablets, and other mobile devices in the region. The intense growth in the electronics industry and continuous development in the automotive sector has led to increased application of lithium ion batteries in this region. China, Japan, India, and South Korea are well positioned to enter the field of lithium ion battery.
This review is based on a report by Zion Market Research, titled “Lithium-Ion Battery Market by Power Capacity Segment, Lithium-Ion Battery Market Has Been Segmented Into 5–25 WH, 48-95 WH, 18–28 KWH, 100–250 KWH And More Than 300 KWH for Include Automotive, Aerospace and Defense, Consumer Electronics, Industrial And Others Application - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”- Report at http://www.zionmarketresearch.com/report/lithium-ion-battery-market
Europe is expected to show moderate growth during the forecast period due to technological advancement, rising consumer goods industry and increased adoption of multi-core technology. The considerable economic growth of countries the such UK, Germany, and France is projected to drive the lithium-ion battery market in the years to come. Germany is expected to witness show robust growth due to the high adoption of electric vehicles coupled with increasing consumer awareness towards environmentally friendly technologies.
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The global lithium-ion battery market is segmented as follows:
By Power
- 5–25 Wh
- 48-95 Wh
- 18–28 KWh
- 100–250 KWh
- More than 300 KWh.
By Application
- Consumer electronics
- Automotive
- Aerospace and Defense
- Industrial
- Others
By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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