Global Lithium-Ion Battery Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The Global Lithium-Ion Battery Market size was estimated at USD 42.5 billion in 2021 and is expected to reach USD 48.80 billion in 2022 and is anticipated to reach around USD 184.15 billion by 2030, growing at a CAGR of roughly 18.5% between 2022 and 2030.

Our research report offers a 360-degree view of the Lithium-Ion Battery market's drivers and restraints and their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Lithium-Ion Battery market.

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The Lithium-Ion Battery Market: Overview

The boom in demand for electric vehicles, such as electric automobiles and motorcycles, has increased the need for lithium-ion batteries. Additionally, consumer electronics products, such as laptops and mobile phones, which employ lithium-ion cells, have caused a significant increase in the demand for lithium-ion batteries.

Lithium-ion batteries are also now recognized as the industry standard for any product requiring a portable rechargeable battery due to their capacity to be recharged. Due to regional governments' initiatives to promote the usage of electric vehicles, the Asia Pacific lithium-ion battery market is anticipated to develop at the most significant rate during the forecast period.

The Lithium-Ion Battery Market: Growth Factors

Because electric car use is expanding, the automotive industry is predicted to develop significantly. Over the projected period, it is expected that there will be a significant increase in the number of electric vehicle registrations worldwide.

With a revenue share of more than 75.0% in 2021, the U.S. overtook other markets to become North America's largest. In addition, the demand for lithium-ion batteries in the U.S. is anticipated to increase throughout the forecast period due to rising sales of electric vehicles in the country, favorable federal legislation, and the presence of market participants there.

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Additionally, the EPA's restrictions on lead contamination and the ensuing environmental dangers, along with the regulations on lead-acid battery storage, disposal, and recycling, have reduced the market for lead-acid batteries and increased the need for lithium-ion batteries in automobiles.

Since firms worldwide are looking to invest in Mexico, it has been the main focus of the global automobile industry. After South Korea, Japan, and Germany are the automobile industry's fourth-largest exporters. The need for lithium-ion batteries in the nation is predicted to increase with rising automotive production.

The Lithium-Ion Battery Market: Key Insights

A) As per the analysis shared by our research analyst, the Lithium-Ion Battery market is estimated to grow annually at a CAGR of around 18.5% over the forecast period (2022-2030).
B) In terms of revenue, the Lithium-Ion Battery market size was valued at around USD 42.5 billion in 2021 and is projected to reach USD 57 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) Based on product segmentation, the LCO segment was predicted to show maximum market share in 2021.
D) The consumer electronics segment was the top revenue-generating category based on application segmentation in 2021.
E) Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.

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The Lithium-Ion Battery Market: Regional Landscape

With a market share of more than 40% in sales in 2021, the Asia Pacific region held the top spot. China has banned traditional fossil fuel-powered scooters from all of its major cities to cut emissions due to the growth in environmental concerns, which has increased the sales of e-scooters in the nation.

Tools that are powered by lithium-ion batteries are being used more frequently as a result of Asia Pacific's ascent to prominence as a global industrial powerhouse. Additionally, this region boasts the world's most significant population. As a result, consumer gadgets in the Asia Pacific region that run on lithium-ion batteries see substantial sales. Examples include mobile phones and laptops.

The Lithium-Ion Battery Market: Prominent Players

Tesla
General Electric
Exide Technologies
BYD Company Ltd.
Energon
Toshiba Corporation
Samsung SDI Co. Ltd.
Panasonic Corporation
LG Chem
Duracell Inc.
A123 Systems LLC
Hitachi Energy Ltd.
Clarios
Koninklijke Philips N.V.
Akku Tronics New Energy Technology Co.
Ding Tai Battery Company Ltd.
EaglePicher Technologies LLC
Padre Electronics Co. Ltd.
Lithium Werks
Saft
ProLogium Technology CO. Ltd.
Energus Power Solutions Ltd.
Maxell Ltd.
EnerDel
Others

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The Lithium-Ion Battery Market: Segmented

By Product Analysis

➢ Lithium Cobalt Oxide (LCO)

➢ Lithium Nickel Cobalt Aluminum Oxide (NCA)

➢ Lithium Iron Phosphate (LFP)

➢ Lithium Manganese Oxide (LMO)

➢ Lithium Nickel Manganese Cobalt (LMC)

➢ Lithium Titanate (LTO)

By Application Analysis

➢ Automobile

➢ Industrial

➢ Consumer Electronics

➢ Energy Storage Systems

➢ Medical Devices

By Component Analysis

➢ Cathode

➢ Anode

➢ Separator

➢ Electrolyte

➢ Aluminum Foil

➢ Copper Foil

➢ Others

The Lithium-Ion Battery Market: Regions

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

Check Out Some of Our Other Reports:

Global Lead Acid Battery Market: https://www.custommarketinsights.com/report/lead-acid-battery-market/
Global Sodium-ion Battery Market: https://www.custommarketinsights.com/report/sodium-ion-battery-market/
Global Marine Battery Market: https://www.custommarketinsights.com/report/marine-battery-market/
Global Electric Rickshaw Battery Market: https://www.custommarketinsights.com/report/electric-rickshaw-battery-market/
Global Zinc-ion Battery Market: https://www.custommarketinsights.com/report/zinc-ion-battery-market/

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