Lithium Ion Battery Market Worth $105.92 billion by 2025
Lithium Ion Battery Market Report and Patent Landscape Analysis – 2025 focuses on global Li-ion battery technology’s market and patent landscape. The Li-ion battery market is further segmented by industry into energy grid and storage, consumer, automotive, industrial and others; by material type into the cathode, anode, electrolytic solutions, and others; and by regional segmentation into Asia-Pacific (APAC), North America, Europe, and Rest of World (RoW). The report forecasts the sizes and trends of the global market as well as its sub-segments which is projected to become $105.92 billion in 2025 with the CAGR of 16.03 percent.
The report focuses on critical market segments to identify the key market and technology trends. Notably, this report will delve deep into the patent landscape for this disruptive technology identifying key patent assignees and inventors. The most significant investment is being made towards devising innovative solutions to use the technology in a variety of industries including energy grid and storage, consumer, automotive, industrial, defense, marine, aerospace, medical and more.
The highest revenue is accounted for the energy grid and storage industry which is $XX.XX billion in 2018 and is expected to reach up to $XX.XX billion in 2025 with the CAGR of XX percent.
Rising requirement for electrical energy is boosting the demand for electrical energy storage grids. In 2018, globally installed storage totaled to XXX GW in which the USA had the contribution of over XX GW of rated power. Currently, more than X,XXX energy storage projects are operational across the world. More than XX percent of delivered electric power in Japan is cycled through energy storage facilities, Europe cycles XX percent and USA cycles XX percent of their total electric power. The most preferred option for such energy is Li-ion batteries as they deliver the efficiency between XX to XX percent. At present, such energy grids which store electrical energy into chemical energy are termed as advance battery energy storage (ABES).
The market for electric vehicles (EV) is expected to surpass traditional vehicle market share by year xxxx.
The initial hybrid electric automobile prototypes used lead-acid batteries due to the low-cost and high availability of these batteries. Heavyweight and large size are the limiting factors of lead-acid batteries. After these, the Li-ion battery became the most successful options as these offered the highest energy density available in the market. The increasing penetration of EVs in transport is expected to create a significant demand for enormous volumes of Li-ion batteries turning it into a commodity as crucial as oil. As compared to other regions across the world, the market for electric vehicles (EVs) is rising at a significant rate in China, North America, and Europe. Therefore, the demand for Li-ion batteries in the automotive market of these regions is expected to boost over the coming years significantly.
Mobile phones have a market share of xx percent in 2018 which is expected to reach up to xx percent in 2025.
Mobile phones are the most popular and successful consumer electronics devices in the 21st century. As being the core power source, Li-ion batteries are an essential part of the mobile phone without which it cannot be operated. The Li-ion batteries provide massive energy in a small size that enables the manufacturers to design the mobile phones in most and compact and slim fashion. with new features provided day-by-day, the demand for mobile phones is expected to increase with driving the demand for Li-ion batteries along with it. The revenue collection has been accounted for xxx billion in 2018 which is expected to be xxx billion in 2025 with the highest CAGR of xxx percent.
North America holds the second highest share for the global cathode material type which is XX percent in 2018.
North America region with the market share of XX percent in 2018 which is expected to increase to XX percent in 2025. North America market is expected to grow with the CAGR of xxxx percent from xxxx million in 2018 to xxxx billion in 2025. The main reason for the growth of Li-ion batteries in the USA is justified by increasing the number of solar projects and deep penetration of electric vehicles across the country.
Li-ion battery market top leading players
The report will also present a competitive landscape focusing on active players in the industry, growth strategies, strategic imperatives, and key players are intended to aid the companies in understanding global opportunities in this space.Following are the key companies analyzed in the report are:
- BYD Company Ltd
- LG Chem Ltd.
- Panasonic Corporation
- Samsung SDI Co. Ltd.
- GS Yuasa Corporation
- Hitachi Chemical Co. Ltd.
- Toshiba Corporation
- A123 Systems LLC
- Johnson Controls International PLC
- Contemporary Amperex Technology Co. Ltd.
- SK Innovation Co. Ltd.
- Tesla Inc.
- eCobalt Solutions Inc.
- Amara Raja Batteries Ltd.
- Saft Groupe S.A.
- Shenzhen BAK Battery Co. Ltd.
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Ahead Intelligence (AheadIntel) is a technology and patent research company providing premium, comprehensive technology research on different topics. We combine IP intelligence with business and market insights to give you the complete picture around a technology space. All our reports come with interactive dashboards that give you access to the patent data and allow you to dig deeper insights into the technology space.