LithiumIon (LiIon) Market
Business Research Company’s global market reports are now updated with the latest market size information for the year 2023 and forecast to 2032.
According to the LithiumIon (LiIon) market report by The Business Research Company, the growth of the lithium-ion battery market is mainly due to the presence of high energy density features in lithium-ion batteries. The higher energy density helps the lithium-ion battery last longer. Most lithium-ion batteries used in mobile devices are cobalt-based, which offers the highest energy density. The energy density of lithium-ion batteries is 100-265 W/kg or 250-670 W/L, which is one of the highest energy densities of any battery technology.
The global lithium-ion market size will grow from $47.48 billion in 2022 to $53.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russian-Ukrainian war has disrupted the chances of a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, higher commodity prices, and supply chain disruptions, causing inflation of goods and services and affecting many markets around the world. The global lithium-ion (li-ion) market size is expected to grow to $81.09 billion in 2027 at a compound annual growth rate (CAGR) of 11.1%.
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The major competitors in the LithiumIon (LiIon) market include A123 Systems, Automotive Energy Supply Corp. LG Chem, Panasonic, Samsung SDI, Toshiba, BYD, Automotive Energy Supply Corp, Johnson Controls.
LithiumIon (LiIon) Market Segmentation –
Capacity: 0 to 3,000 mAh, 3,000 to 10,000 mAh, 10,000 to 60,000 mAh, above 60,000 mAh
By Application: Consumer Electronics, Automotive, Marine, Aerospace & Defense, Medical, Industrial, Energy, and Other Applications
• By component: cathode, anode, separators, electrolytes, aluminum foil, copper foil, other components
• By type: lithium nickel manganese cobalt (LI-NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO), lithium cobalt aluminum oxide (NCA)
• By chemistry: LFP, LCo., LTO, NMC, NCA, LMO. Asia Pacific was the largest region in the Lithium-ion (Li-ion) market in 2022.
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Lithium-ion battery is a type of rechargeable battery with high energy density that uses lithium ion as the primary component of the electrolyte. Lithium-ion batteries are commonly used in electric vehicles, cell phones, laptop computers, power backups, and other electronic devices.
The main types of lithium-ion (Li-ion) batteries are lithium-nickel-cobalt (LI-NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO) and lithium nickel cobalt aluminum oxide (NCA)
Table of Contents for LithiumIon (LiIon) Market Includes:
1. Executive summary
2. Characteristics of the lithium-ion battery market
3. Market trends and strategies for lithium-ion batteries
4. Lithium-ion Batteries Market – Macroeconomic Scenario
5. Lithium-ion Batteries Market Size and Growth
26. Africa Lithium-ion Batteries Market
27. Lithium-ion Batteries Market competitive landscape and company profiles
29. Major mergers and acquisitions in the lithium-ion battery market
29. Lithium-ion Batteries Market Outlook and Potential Analysis
The “Global Lithium-Ion (LiIon) Market Report 2023” from the business research firm is a comprehensive report covering every aspect of the market covering more than 60 geographies and more than 2,500 market segments. The regional and country divisions section analyzes the market in each geographic region and market size by region and country. Further, it evaluates the historical and forecast growth of the market and identifies important trends and strategies that companies can take advantage of to expand the business.
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