Lithium-Ion Battery Market to Witness High Usage in Automotive, Power and Aerospace Industry 2016-2021

Global Lithium-Ion Battery Market is segmented on the basis of type, technology, power capacity, application, and geography. Lithium-ion battery, better known as Li-ion battery (LIB), is a part of rechargeable battery group. It gives high storage capacity, long lifecycle, and better efficiency than the other batteries. In the battery, lithium ions do move from the negative electrode to the positive electrode during charging and discharging.

Access Lithium-Ion Battery Market Report with TOC @ https://www.millioninsights.com/industry-reports/lithium-ion-battery-market

In household electronics products, lithium-ion batteries are used and looked upon as the most popular parts of rechargeable batteries for tiny memory effect, high energy density, portable electronics, and low self discharge. Lithium-ion batteries’ usage is increasing in different applications such as military, consumer electronics products, battery electric vehicle, aerospace, household electricity, and automotive applications such as EVs & HEVs and energy storage systems in power plants for their specific purposes.


Lithium-ion batteries have been gaining importance as a rechargeable power source; as they are environment-friendly as compared to conventional batteries such as nickel-cadmium, lead-acid, and nickel metal hydride batteries. Growing use in consumer electronics such as tablets, smartphone, and in healthcare tools like respirators and surgical devices has been raising the lithium-ion battery market in the past couple of years.

The Major factors driving the growth of lithium ion battery market are the growing demand for energy-efficient, safe and low cost batteries, high energy density, self-discharge, various types available and no need for priming. The key target audiences of the lithium-ion battery market are consumer electronics manufacturers, automotive consultants, lithium-ion battery distributors & providers, smart grid integrators, technology investors, lithium-ion battery manufacturing companies and research organizations, technology standard organizations, forums, alliances and associations.

Based on type, the lithium ion market is segmented into lithium nickel manganese cobalt (LI-NMC), lithium cobalt oxide (LCO), lithium iron phosphate (LFP), lithium manganese oxide (LMO), lithium titanate oxide (LTO), lithium nickel cobalt aluminium Oxide (NCA) and so on. Based on technology, the lithium-ion market is segmented into cathodes, separators, anodes, electrolytes, foils, binders and so on. Based on power capacity, the lithium-ion market is segmented into 0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh.

Based on application, the lithium-ion market is segmented into industrial, automotive, grid energy storage, renewable, consumer electronics, electric vehicles, energy storage, marine, medical, aerospace & defense, power, textile and so on. The segment “electronics” is further classified as UPS, smartphone, tablet/PCs, games, gardening tools & drilling and so on; whereas the segment “automotive” is further classified as scooters & bikes, train & aircraft, cars, trucks and buses.

Key players operating in the lithium-ion battery industry are Toshiba Corporation, Samsung SDI Co. Ltd., Panasonic Corporation, GS Yuasa International, Automotive Energy Supply Corporation (AESC), A123 Systems, Hitachi Chemical Co. Ltd, Johnson Controls Inc., LG Chemical Power (LGCPI), China BAK Battery, Blue Energy, BYD, Coslight, Saft, Kokam, Li-Tec, MANZ AG, NEC, SK Innovation and Sony Tianjin Lishen Battery.

Request a Sample Copy of Lithium-Ion Battery Market Report @ https://www.millioninsights.com/industry-reports/lithium-ion-battery-market/request-sample

Another segment “industrial” is segmented into mining equipment, cranes & forklift, smart grid and renewable energy storage. Based on geography, the lithium-ion market is segmented into Europe, Middle East & Africa, North America, Asia Pacific, and Latin America. Asia Pacific is the leading region and expected to rule the roost in the lithium-ion battery market in the upcoming years. This could be attributed to the growing demand for electronic devices, stringent government regulations to control pollution level, focus of reducing greenhouse gas (GHG) emissions, and presence of manufacturers who provide lithium-ion battery at lower prices are expected to drive the lithium-ion battery market over the forecast period.


Comments

Post a Comment

Popular posts from this blog

Precision Farming Market 2030 Outlook, Regions, Size Estimation and Upcoming Trend

  The global precision farming market was valued at USD 10.50 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2030. This market growth is primarily attributed to the rapid expansion of the Internet of Things (IoT) and the increasing adoption of advanced analytics by farmers. Precision farming leverages these technologies to help farmers optimize the use of resources such as water, fertilizer, and labor while maximizing crop yield and minimizing environmental impact. Advanced analytics, a subset of data science, plays a crucial role by employing various tools and methods to predict the needs of crops and soil, thus enabling farmers to make more informed decisions regarding crop management. The precision farming market is currently in a moderate growth stage. Despite this, the sector is witnessing significant technological innovation. Various advanced technologies such as Wi-Fi technology, Zigbee technology, RF tech...
Read more

Dental 3D Printing Market - Latest Innovations by Industry Experts Till 2030

  The global dental 3D printing market was valued at an estimated USD 3.1 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 26.4% from 2024 to 2030. The use of 3D printing in dentistry has rapidly gained traction due to its advanced technology and transformative impact. The design and development of innovative products, such as invisible aligners and advanced prosthetics with aesthetic enhancements, are key factors driving demand for dental 3D printers. The user-friendly nature of 3D printing processes has made it possible for dental professionals to create custom dental products that precisely address the unique requirements of individual patients. This capability boosts productivity, reduces fabrication times, and enhances patient outcomes by providing faster and more comfortable solutions. Additionally, the digitalized workflow of 3D printing helps minimize procedural discomfort and maximizes patient satisfaction by streamlining pr...
Read more

Smart Agriculture Industry Analysis, Opportunities And Forecast Report, 2030

  The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture. The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated...
Read more