The global lithium-ion battery for consumer electronics market was valued at $4.9 billion in 2022, and is projected to reach $18.8 billion by 2032, growing at a CAGR of 14.5% from 2023 to 2032.
A lithium-ion battery is a type of rechargeable battery that uses the reversible reduction of lithium ions to store energy. The battery is made up of several components, including an anode (negative electrode), cathode (positive electrode), separator, electrolyte, and two current collectors.
The lithium-ion battery market has experienced significant growth due to the increase in demand for portable electronic devices and power tools that are utilized in construction & woodworking industries and renewable energy storage solutions. The versatility of lithium-ion batteries and their ability to provide efficient and reliable power make them a preferred choice across these industries. Companies in the market continuously invest in R&D to enhance battery performance, increase energy density, and improve safety features.
Lithium-ion batteries have extensive usage in various industries and applications. In the electrical and electronics sector, it powers devices such as smartphones, tablets, PCs, and uninterruptible power supplies (UPS). In addition, there are also other applications such as medical and power tools where lithium-ion batteries play a crucial role. The lithium-ion battery market is expected to witness further expansion in the coming years with ongoing advancements and innovations. However, the high cost of the battery for large-scale applications, the environmental impact of battery production, and recycling create barriers to the development of the lithium-ion battery for consumer electronics market share in battery industry.
The lithium-ion battery for consumer electronics market is segmented on the basis of component, application, and region. On the basis of component, the lithium-ion battery for consumer electronics market is classified into cathode, anode, electrolyte, separator, and others. By application, it is divided into smartphone, tablet/PC, UPS, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Lithium-ion batteries comprise multiple components, each playing a vital role in their performance and capabilities. The cathode material of the battery is crucial for its energy storage capacity. Several cathode materials have emerged as leading choices, including lithium-iron phosphate, lithium-manganese oxide, lithium-nickel-cobalt-aluminum oxide, lithium-nickel-manganese cobalt, and lithium-titanate oxide.
Equally important is the anode, which is typically made of graphite or other carbon-based materials. The electrolyte acts as a conductor, facilitating the movement of lithium ions between the cathode and anode. Lastly, the separator ensures the physical separation of the cathode and anode, preventing short circuits.
UPS is an electrical device that provides temporary backup power to electronic devices during energy outages or disruptions. It is designed to prevent data loss, protect sensitive equipment, and ensure continuous operation in essential applications. The consumer electronics market for UPS has grown due to the increase in reliance on electronic devices in critical applications. The demand for reliable UPS systems, powered by advanced lithium-ion batteries, is driven by cloud computing, remote work environments, and online transactions. This growth presents opportunities for innovative high-energy-density batteries, efficient energy storage solutions, customizable configurations, integrated energy management, and sustainable practices.
The North American lithium-ion battery for consumer electronics market forecast growth is driven by the adoption of residential renewable energy systems and the demand for energy storage solutions. Apple has invested in battery production for consumer products, promoting market growth. The Canadian government supports battery manufacturing and R&D, while Mexico offers easy access to both North American and global markets. Mexico's robust supply chain and supportive government policies have fostered market growth.
Key players engaged in the development and production of Lithium-ion battery for consumer electronics products are CATL, Lithium Werks, EVE Energy Co., Ltd, Johnson Controls, Panasonic, LG Chem, Samsung SDI, Toshiba, Lishen Battery, and Hitachi.
A lithium-ion battery is a type of rechargeable battery that uses the reversible reduction of lithium ions to store energy. The battery is made up of several components, including an anode (negative electrode), cathode (positive electrode), separator, electrolyte, and two current collectors.
The lithium-ion battery market has experienced significant growth due to the increase in demand for portable electronic devices and power tools that are utilized in construction & woodworking industries and renewable energy storage solutions. The versatility of lithium-ion batteries and their ability to provide efficient and reliable power make them a preferred choice across these industries. Companies in the market continuously invest in R&D to enhance battery performance, increase energy density, and improve safety features.
Lithium-ion batteries have extensive usage in various industries and applications. In the electrical and electronics sector, it powers devices such as smartphones, tablets, PCs, and uninterruptible power supplies (UPS). In addition, there are also other applications such as medical and power tools where lithium-ion batteries play a crucial role. The lithium-ion battery market is expected to witness further expansion in the coming years with ongoing advancements and innovations. However, the high cost of the battery for large-scale applications, the environmental impact of battery production, and recycling create barriers to the development of the lithium-ion battery for consumer electronics market share in battery industry.
The lithium-ion battery for consumer electronics market is segmented on the basis of component, application, and region. On the basis of component, the lithium-ion battery for consumer electronics market is classified into cathode, anode, electrolyte, separator, and others. By application, it is divided into smartphone, tablet/PC, UPS, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Lithium-ion batteries comprise multiple components, each playing a vital role in their performance and capabilities. The cathode material of the battery is crucial for its energy storage capacity. Several cathode materials have emerged as leading choices, including lithium-iron phosphate, lithium-manganese oxide, lithium-nickel-cobalt-aluminum oxide, lithium-nickel-manganese cobalt, and lithium-titanate oxide.
Equally important is the anode, which is typically made of graphite or other carbon-based materials. The electrolyte acts as a conductor, facilitating the movement of lithium ions between the cathode and anode. Lastly, the separator ensures the physical separation of the cathode and anode, preventing short circuits.
UPS is an electrical device that provides temporary backup power to electronic devices during energy outages or disruptions. It is designed to prevent data loss, protect sensitive equipment, and ensure continuous operation in essential applications. The consumer electronics market for UPS has grown due to the increase in reliance on electronic devices in critical applications. The demand for reliable UPS systems, powered by advanced lithium-ion batteries, is driven by cloud computing, remote work environments, and online transactions. This growth presents opportunities for innovative high-energy-density batteries, efficient energy storage solutions, customizable configurations, integrated energy management, and sustainable practices.
The North American lithium-ion battery for consumer electronics market forecast growth is driven by the adoption of residential renewable energy systems and the demand for energy storage solutions. Apple has invested in battery production for consumer products, promoting market growth. The Canadian government supports battery manufacturing and R&D, while Mexico offers easy access to both North American and global markets. Mexico's robust supply chain and supportive government policies have fostered market growth.
Key players engaged in the development and production of Lithium-ion battery for consumer electronics products are CATL, Lithium Werks, EVE Energy Co., Ltd, Johnson Controls, Panasonic, LG Chem, Samsung SDI, Toshiba, Lishen Battery, and Hitachi.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the lithium-ion battery for consumer electronics market size, segments, current trends, estimations, and dynamics of the lithium-ion battery for consumer electronics market analysis from 2022 to 2032 to identify the prevailing lithium-ion battery for consumer electronics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the lithium-ion battery for consumer electronics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global lithium-ion battery for consumer electronics market trends, key players, market segments, application areas, and lithium-ion battery for consumer electronics market growth strategies.
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Key Market Segments
By Component
- Cathode
- Type
- Lithium-Iron Phosphate
- Lithium-Manganese Oxide
- Lithium-Nickel-Cobalt-Aluminum Oxide
- Lithium-Nickel-Manganese Cobalt
- Lithium-Titanate Oxide
- Anode
- Electrolyte
- Separator
- Others
By Application
- Smartphones
- Tablet/PC
- UPS
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Toshiba Corporation
- EVE Energy Co., Ltd
- Contemporary Amperex Technology Co., Limited
- Samsung SDI Co., Ltd
- LG Chem
- Lithium Werks
- Johnson Controls International plc
- Panasonic Corporation
- Hitachi, Ltd.
- Lishen Battery
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LITHIUM-ION BATTERY FOR CONSUMER ELECTRONICS MARKET, BY COMPONENT
CHAPTER 5: LITHIUM-ION BATTERY FOR CONSUMER ELECTRONICS MARKET, BY APPLICATION
CHAPTER 6: LITHIUM-ION BATTERY FOR CONSUMER ELECTRONICS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the lithium-ion battery for consumer electronics market was valued at $4.9 billion in 2022, and is estimated to reach $18.8 billion by 2032, growing at a CAGR of 14.5% from 2023 to 2032.A lithium-ion battery is a rechargeable battery that uses lithium ions as its primary energy storage component. It is widely used in electronic devices, electric vehicles, and energy storage systems. These batteries have a high energy density, low self-discharge rate, and long cycle life. They are popular for their efficiency, reliability, and versatility, providing long runtimes and faster charging for portable electronics and electric vehicles. The lithium-ion battery for consumer electronics market has witnessed significant growth in recent years due to its widespread use in various applications. Lithium-ion batteries are rechargeable and offer high energy density, making them a popular choice for portable electronics, and renewable energy storage systems.
One of the key drivers of the lithium-ion battery for consumer electronics market is the growing demand for portable electronics. As governments worldwide implement stricter emissions regulations and consumers become more environmentally conscious, the adoption of solar for residential power has a high demand for lithium-ion batteries for energy storage. The consumer electronics industry is another major contributor to the lithium-ion battery consumer electronics market. With the proliferation of smartphones, tablets, laptops, and other portable devices, there is a continuous need for high-performance batteries with long-lasting power. The abovementioned factors will drive the demand for the lithium-ion battery for consumer electronics market.
Lithium-ion batteries meet these requirements by offering a combination of high energy density, lightweight design, and longer cycle life compared to other battery technologies. Furthermore, the increasing integration of renewable energy sources into the power grid has fueled the demand for lithium-ion batteries for energy storage systems. Solar and wind energy in residential power generation are intermittent by nature, and efficient energy storage solutions are needed to ensure a stable and reliable power supply. Lithium-ion batteries provide a scalable and flexible solution for storing excess energy generated during peak production and supplying it during periods of low production.
In terms of challenges, the cost of lithium-ion batteries has been a significant barrier to widespread adoption. However, advancements in manufacturing processes, economies of scale, and research and development efforts have contributed to a decline in battery prices over the years. Additionally, efforts are being made to improve battery performance, safety, and durability through innovations in materials and cell designs. The abovementioned factors will restrain the development of the market growth during the forecast period.
The lithium-ion battery for consumer electronics market is segmented on the basis of component, application, and region. On the basis of component, the Lithium-ion battery for consumer electronics market is classified into cathode, anode, electrolyte, separator, and others. By application, it is divided into smartphone, tablet/PC, UPS, and others. Region wise, it is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include CATL, Lithium Werks, EVE Energy Co., Ltd, Johnson Controls, Panasonic, LG Chem, Samsung SDI, Toshiba, Lishen Battery, and Hitachi. The government all over the world has set sights on the development of renewable energy sources which require high energy density storage batteries, key manufacturers have innovated and expanded their production capacities in order to meet market demand across the globe due to rapid increase in demand for energy recent years. Additional growth strategies such as new product developments, acquisition, and business expansion strategies, are also adopted to attain key developments in the lithium-ion battery for consumer electronics market trends.
Impact analysis:
The Russia-Ukraine conflict could significantly impact the lithium-ion battery for consumer electronics market, as Ukraine is crucial for the global supply chain of minerals and metals used in battery manufacturing. If the conflict disrupts mining operations or transportation routes, it could cause a shortage of these raw materials, increasing prices and supply constraints. Geopolitical uncertainty may dampen investor confidence and decision-making, slowing battery production capacity expansion and affecting investment in new technologies. The European Union, a major market for consumer electronics and lithium-ion batteries, could be affected by economic sanctions or trade disruptions. However, tensions could encourage diversification of energy sources, investments in renewable energy, energy storage systems, and alternative battery technologies, and government revisions to prioritize domestic battery manufacturing and enhance supply chain resilience.Key Findings of the Study
:On the basis of component, the electrolyte segment is projected to grow at the highest CAGR of approximately 15.7%, in terms of revenue, during the forecast period.On the basis of application, the others such as the power tools, medical devices, and home security systems segments are projected to grow at the highest CAGR of approximately 15.0%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific is projected to grow at the highest CAGR of 15.0%, in terms of revenue, during the forecast period.
Companies Mentioned
- Toshiba Corporation
- EVE Energy Co., Ltd
- Contemporary Amperex Technology Co., Limited
- Samsung SDI Co., Ltd
- LG Chem
- Lithium Werks
- Johnson Controls International plc
- Panasonic Corporation
- Hitachi, Ltd.
- Lishen Battery
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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