Lithium-Ion Battery Market 2018 Global Research Report and Gross Margin Analysis till 2023

By abhijit |Email | May 23, 2018 | 6627 Views

A research study titled, ??Lithium-Ion Battery Market by Product and Application - Global Industry Analysis and Forecast to 2023?? published by Crystal Market Research.

Industry Outlook and Trend Analysis:
The Lithium-Ion Battery Market was worth USD 22.02 billion in 2014 and is expected to reach approximately USD 88.47 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 16.71% during the forecast period.

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Expanding enrolment of electric vehicles (EVs) alongside diminishing lithium-ion battery cost is expected to enlarge industry measure over the gauge time frame. The rising number of PV installations and nuclear power plants alongside the initiation of New Wind Energy Projects are expected to augment the market development over the conjecture time frame. The pattern of renewable energy generation was driven by expanding worries about environmental change, ideal government incentives, diminishing cost of solar photovoltaic cells, and declining expense of batteries.

Application Outlook and Trend Analysis:
Consumer electronics application was esteemed at USD 11.92 billion out of 2016 by virtue of high strength and dependability of these batteries in consumer appliances
, for example, smartphones and laptops. Developing electronics industry in different nations is anticipated to build industry extension over the estimate period. Energy stockpiling frameworks is anticipated to expand indicate significant demand ascend at a significant CAGR over the estimate time frame because of expandingoff-grid installations.

Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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Product Outlook and Trend Analysis:
Lithium Nickel Manganese Cobalt battery was the leading fragment and represented 26% of the worldwide share in 2016. Expanding adoption of NMC in power tools, e-bikes and other electric powertrains by virtue of its higher energy density, low cost, and longer cycle life will fuel its request over the gauge time frame. NMC provides general execution and exceeds expectations on particular vitality and have high limit and high power.

Lithium press phosphate (LFP) batteries are anticipated to develop at a significant CAGR over the forecast period. The LFP batteries offer amazing security and long-life traverse to the product.

Regional Outlook and Trend Analysis:
Asia Pacific is anticipated to indicate high income gains over the forecast period. Expanding interest for mobiles and tablets in different nations including India, China, Japan and Thailand is foreseen to increase industry development over the figure period.

North America is anticipated to witness a huge development over the gauge time frame inferable from the developing electric vehicle and consumer electronics sales in nations including U.S. and Mexico.

The Lithium-Ion Battery Market is segmented as follows-

By Product:
Lithium iron phosphate (LFP)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Titanate (LTO)
Lithium Nickel Manganese Cobalt (NMC)
Lithium Manganese Oxide (LMO)
Lithium cobalt oxide (LCO)

By Application:
Automotive
Energy storage systems
onsumer electronics
Industrial

Competitive Insights:
The leading players in the market are Johnson Controls, NEC, Saft Groupe S.A, LG Chem, Panasonic, Hitachi, BYD Company, A123 Systems and Toshiba.

Some of the key questions answered by the Lithium-Ion Battery Market report are:

What was the Lithium-Ion Battery Market size in 2014 and forecast from 2015 to 2023?

What will be the industry Lithium-Ion Battery Market growth from 2015 to 2023?

What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the Lithium-Ion Battery Market forecast?

What are the major segments leading the Lithium-Ion Battery Market growth and why?

Which are the leading players in the Lithium-Ion Battery Market and what are the major strategies adopted by them to sustain the Lithium-Ion Battery Market competition?

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About Crystal Market Research:
Crystal Market Research
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