India Lithium-ion battery market is witnessing the highest growth in the APAC region at a CAGR of 21.8% during the forecast period. Most of the market is held by players from countries like China and India, which have considerable potential for various applications of lithium-ion batteries. The Asia Pacific dominated the global lithium-ion battery market in 2021.The cylindrical design of lithium-ion batteries holds nearly 45% of the market share owing to ease in manufacturing and good mechanical stability. The design supports the battery to withstand high internal pressures without deforming.The automotive OEMs segment holds the highest share in 2021 owing to the rising adoption of electric vehicles due to environmental concerns.Among different capacities of lithium-ion batteries, the 3,000 – 10,000 mAH segment holds more than half of the market share as this range is majorly applicable in consumer electronics.Also, this battery is the preferred candidate for electric vehicles such as Nissan Leaf, Chevy Volt, and BMW owing to its property of lowest self-heating rate. LI-NMC is one of the most successful cathode combinations. Lithium Nickel Magnesium Cobalt (LI-NMC) batteries dominated the market in 2021.The global Lithium-ion Battery Market was valued at US$ 60,385.6 Mn in 2021 and is projected to reach US$ 1,85,040.3 Mn by 2027, registering a CAGR of 20.5% during the forecast period.Key Takeaways from Global Lithium-ion Battery Market
The report also covers extensively the key competitors in the global lithium-ion battery market. It includes a cost analysis of EV lithium-ion battery, cost analysis of consumer-grade lithium-ion battery, unit cost analysis of EV battery pack, and cell component cost analysis. The report includes a detailed study of manufacturing costs in the lithium-ion market. The subsequent section provides details of the market analysis based on different segments such as type, power capacity, application, form/ design, and region. Further, the report provides demand-supply gap analysis which includes consumer electronics sales, automotive sales, energy storage sales, and industry sales. The research report also provides Porter’s five forces analysis wherein the threat of substitutes and bargaining power of buyers is high. Thus, sufficiently examining the threats and weaknesses of the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The report includes data presentation across 45 tables and 111 statistical figures. The report provides a detailed analysis of the Global Lithium-ion Battery Market across 15 Chapters and, 221 pages. The report discusses the analysis of the lithium battery market for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The study of the Global Lithium-ion Battery Market considers various market determinants, industry value chain analysis, and competitor analysis of the market. However, lithium batteries have a risk of being outcompeted by other advanced technologies such as zinc batteries, flow batteries, and high-temperature batteries among others. The increasing adoption of lithium-ion batteries is observed due to their capacity to hold significant power in small size and lightweight bodies. Apart from the consumer electronics stream, the lithium-ion battery has major applications in the integration of renewable energy with grid technology, telecommunication, and even in aerospace. Rising disposable income coupled with the need for internet usage has further boosted the demand for smart consumer electronics. The global appliance and consumer electronics (ACE) market is expected to grow at a CAGR of 12-15% during 2017-2027. The market is driven by factors such as increasing demand for electric vehicles and the rising adoption of consumer electronics. Lithium-ion batteries have a wide range of applications right from heavy-duty vehicles to smartwatches and other daily used electronic gadgets. The market is expected to register a CAGR of 20.5% during the forecast period 2022-2027. A lithium-ion battery is a rechargeable battery, which utilizes lithium ions as the essential component of its electrochemistry. The global Lithium-ion Battery Market was valued at US$ 60,385.6 Mn in 2021 and is projected to reach US$ 1,85,040.3 Mn by 2027.
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