Lithium-Ion Battery Market by Key Players, Emerging Growth Factors and Applications to 2022

Lithium-Ion Battery Market is segmented on the basis of type, technology, power capacity, application, and geography. Lithium-ion battery, better known as Li-ion battery (LIB), is a part of rechargeable battery group. It gives high storage capacity, long lifecycle, and better efficiency than the other batteries. In the battery, lithium ions do move from the negative electrode to the positive electrode during charging and discharging.

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Lithium-ion batteries have been gaining importance as a rechargeable power source; as they are environment-friendly as compared to conventional batteries such as nickel-cadmium, lead-acid, and nickel metal hydride batteries. Growing use in consumer electronics such as tablets, smartphone, and in healthcare tools like respirators and surgical devices has been raising the lithium-ion battery market in the past couple of years.

The Major factors driving the growth of lithium ion battery market are the growing demand for energy-efficient, safe and low cost batteries, high energy density, self-discharge, various types available and no need for priming. The key target audiences of the lithium-ion battery market are consumer electronics manufacturers, automotive consultants, lithium-ion battery distributors & providers, smart grid integrators, technology investors, lithium-ion battery manufacturing companies and research organizations, technology standard organizations, forums, alliances and associations.

Based on type, the lithium ion market is segmented into lithium nickel manganese cobalt (LI-NMC), lithium cobalt oxide (LCO), lithium iron phosphate (LFP), lithium manganese oxide (LMO), lithium titanate oxide (LTO), lithium nickel cobalt aluminium Oxide (NCA) and so on. Based on technology, the lithium-ion market is segmented into cathodes, separators, anodes, electrolytes, foils, binders and so on. Based on power capacity, the lithium-ion market is segmented into 0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh.

Key players operating in the lithium-ion battery industry are Toshiba Corporation, Samsung SDI Co. Ltd., Panasonic Corporation, GS Yuasa International, Automotive Energy Supply Corporation (AESC), A123 Systems, Hitachi Chemical Co. Ltd, Johnson Controls Inc., LG Chemical Power (LGCPI), China BAK Battery, Blue Energy, BYD, Coslight, Saft, Kokam, Li-Tec, MANZ AG, NEC, SK Innovation and Sony Tianjin Lishen Battery.

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