Lithium Ion Battery Market By Cell Type (Cylindrical, Prismatic, Pouch), By Application (Cellphones, Portable Pcs, Tablets, Automotive And E-Bikes, Power Tools) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Lithium-ion batteries have gained immense popularity in recent years on account of higher energy density and lower self-discharge rate as compared to other battery cells. Some of the major types of lithium-ion batteries include lithium iron phosphate (LiFePO4), lithium cobalt oxide (LiCoO2), lithium manganese oxide (LiMn2O4), lithium nickel manganese cobalt oxide (LiNiMnCoO2 or NMC), lithium nickel cobalt aluminium oxide (LiNiCoAlO2) and lithium titanate (Li4Ti5O12). Lithium-ion batteries are available in various shapes namely, cylindrical, prismatic and pouch cells. 

Depending on the end-use application, manufacturers of various electronic and electric products can make use of these types of batteries accordingly. Lithium ion batteries have been increasingly used in various consumer electronics such as cell phones, portable PCs, and tablets, among others. Another application of these batteries gaining ground in the recent years is their use in various electric vehicles including cars and bikes. This segment has witnessed heavy investments with some of the leading providers of lithium ion battery working towards increasing their production capacity for electric vehicle batteries across the world.

One of the major factors driving the demand for lithium ion batteries is the increasing adoption of consumer electronics such as smartphones, laptops and tablets, among others. Lithium iron phosphate (LiFePO4) based batteries offer numerous benefits such as high energy density, low self-discharge rate, compact size and longer lifespan. Thereby, since its introduction, these batteries have gained immense popularity in various end-use segments. Another factor driving the overall lithium ion battery market include rising production of electric vehicles across the world. Numerous developed markets across the world have been increasingly investing towards production of electric vehicles in the recent years. Thereby, there has been a rise in demand for large lithium ion batteries in the automotive segment.

The report titled “Global Lithium-Ion Battery Market- Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global lithium-ion battery market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on cell type, application and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of lithium-ion battery, market positioning and key developments. Some of the major players profiled in the report are Panasonic Corporation, SAMSUNG SDI CO., LTD., LG Chem, Sony Energy Devices Corporation, Maxwell Technologies, Inc., Shenzhen BAK Battery Co., Ltd., Tianjin Lishen Battery Co., Ltd., BYD Company Limited, Amperex Technology Limited, Tesla, Inc. and Valence Technology, Inc.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the lithium-ion battery industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global lithium-ion battery market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global lithium ion battery market is segmented, based on cell type, into following categories

• Cylindrical
• Prismatic
• Pouch

On the basis of cell type, the cylindrical type segment held the largest share in the overall lithium ion battery market in 2016. Cylindrical lithium ion batteries are widely in applications such as portable PCs, power tools and the automotive segment. This segment is expected to witness continued growth in the following years. The prismatic lithium ion battery segment is expected to witness curtailed growth due to increasing adoption of pouch type cells in the cellular applications. The pouch type lithium ion battery segment is expected to witness the fastest growth during the forecast period from 2017 to 2025.

The global lithium ion battery market is segmented, based on application, into following categories

• Cellphones
• Portable PCs
• Tablets
• Automotive and E-bikes
• Power Tools
• Others (Digital Cameras, MP3 Players, Camcoders and Games, among others)

On the basis of application, the global lithium ion battery market was led by the overall consumer electronics end-use segment in 2016. The consumer electronics segment include various individual applications such as cellphones, portable PCs, tablets, digital cameras, camcoders and MP3 players, among others. The segment held over 35% share in the overall lithium ion battery market across the globe. With continued demand for latest electronics across the world, this segment is expected to witness sustained growth in the following years.

Rising popularity of new energy vehicles in some of the major markets across the world has led to the growing demand for lithium ion batteries from the automotive sector in the recent years. The automotive segment held the second largest share in the overall lithium ion battery market across the world in 2016. With increasing investments and numerous favorable government initiatives, the automotive end-use segment is expected to witness the fast growth during the forecast period from 2017 to 2025.

The global lithium ion battery market has been segmented, on the basis of geographical regions, as per following regions and countries:

• North America
  • U.S.
  • Rest of North America
• Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

In 2016, Asia Pacific represented the largest market for lithium ion battery, in terms of revenue. The region is primarily supported by large consumption of consumer electronics such as smartphones, laptops, tablets and power tools, among others. Moreover, the region has recently experienced higher investments towards electric vehicles and E-bikes leading to higher demand for various types of lithium ion batteries. Thereby, the Asia Pacific region is expected to maintain its dominance in the overall lithium ion battery market across the world.

Europe and North America followed the Asia Pacific region in the global lithium ion battery market in terms of revenue in 2016. Factors such as growing adoption of electric vehicle especially in countries including the U.S., UK, Germany and France, among others are primarily expected to drive the market in these regions.