Lithium Ion Battery Markets Reach $1 Trillion By 2026
The study is designed to give a comprehensive overview of the Lithium-Ion Battery Markets segments. The research represents a selection from the mountains of data available of the most relevant and cogent market materials, with selections made by the most senior analysts. Commentary on every aspect of the market from independent analysts creates an independent perspective in the evaluation of the market.
Worldwide markets are poised to achieve continuing growth as the advantages brought by using new materials are used to decrease the cost of producing lithium-ion batteries. The customization achieved by reducing the quantity of cobalt proportionally inside the cathode is a significant market growth driver. Rapid response to global warming is the primary growth driver.
The world market for lithium-ion batteries is increasing as these provide the substance of power for smartphones, eco-conscious electric vehicles, and serve as a base for energy platforms that offer power quality management functions. Lithium-ion battery markets are growing rapidly, with increasing expectations from auto manufacturers, the leading manufacturers of automotive lithium-ion batteries depend on significant innovation to stay in business.
Lithium-ion battery markets are growing rapidly. For example, Samsung SDI, one of the world's leading battery manufacturers, notes a noticeable growth in "large-sized" lithium-ion cells for xEVs electric vehicles (BEVs, PHEVs, HEVs) during the third quarter of 2019. Batteries for electric vehicles are characterized by bigger, higher-capacity cells. Energy storage systems are selling better than ever.
Lithium-ion Batteries at $100/kWh Make EVs Cheaper Than Traditional Gas-Powered Vehicles. As the new cathode technologies are applied to lithium-ion batteries, the cost of lithium-ion batteries will continue to decrease. Lithium-ion batteries aim to cost $100/kWh, – a cost that makes EVs cheaper than traditional gas-powered vehicles.
Companies are targeting between $80/kWh and $100/kWh. Realistically companies will likely approach $100/kWh.
On the basis of product, the market is primarily split into:
- EV – Electric Vehicle
- Cell Phone
- Defense / Military
Worldwide Lithium-Ion Batteries have applications in every industry. They form the basis of many energy storage platforms.
On the basis of the end users/application, this report covers:
- Automotive / Delivery Vans
- Drones, UAV, UUV
- Power Tools, Modules
- Smart Phone Equipment
- Consumer Electronics Products
Worldwide Lithium-Ion Battery markets at $31 billion in 2019, are expected to reach $1 trillion by 2026.
Market Leaders
- Panasonic Corporation
- Amperex Technology Ltd. (ATL)
- Samsung SDI Co. Ltd.
- LG Chem Power, Inc.
- Envision AESC
- BYD Co. Ltd.
- Toshiba Corporation
- Hitachi Chemical Co. Ltd
- GS Yuasa International Ltd
- Johnson Controls / TYCO
- Tesla
- Shenzhen BAK Battery Co., Ltd.
- Future Hi-Tech Batteries Limited
- Tianjin Lishen Battery Co. Ltd.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ATL
- Amperex Technology Ltd. (ATL)
- BAK Battery
- BYD
- Envision AESC
- FDK Corporation and Fujitsu Laboratories
- Fujitsu Solid-State Batteries
- Future Hi-Tech Batteries Limited
- GS Yuasa International Ltd
- Guoxuan
- Hitachi
- Hunan Shanshan Toda Advanced Materials Co. Ltd.
- HyperBorean
- Innolith
- Johnson Controls
- JCI
- LG Chem
- Nidec
- Nissan
- Panasonic
- Pulead Technology Industry Co.Ltd.
- SK Innovation
- Samsung
- Sony
- Tesla
- Tianjin Lishen Battery Co. Ltd.
- Toshiba
- Tyco Merger
- Umicore/Glencore
