Published by Coherent Market Insights
Posted on September 29, 2021
4 min readLast updated: February 1, 2026
The Lithium Ion Battery Market is growing, driven by demand in Asia Pacific and innovations in fast charging. Key players include LG Chem and Samsung.
Lithium Ion Batteries were introduced in 1970, are voltage-limiting devices, tighter voltage tolerances and are generally lighter than other types of rechargeable batteries of the same size. A lot of energy can be stored in lithium ion batteries as lithium is a highly reactive element. They have a very high energy density with low maintenance and a lithium-ion battery has the capacity of storing 150 watt-hours of electricity in 1 kilogram of battery.
Some of the lithium ion battery provide high current density and are the choice for the consumers of mobile electronic equipment, while others provide high current levels and are therefore suitable for power tools and electric vehicles. Lithium-ion batteries are used in smartphones, e-cigarettes, hoverboards and electric vehicles. These are also used for remote monitoring systems, due to the characteristics such as fast charging, small size, relatively long stand-by time, and best choice for mobility equipment, as they offer relatively long life span.
Top Key Players in Lithium Ion Battery market: LG, Chem, Ltd., Valence, Technology, Inc., Saft, Groupe, S.A., Panasonic, Corporation, BYD, Co., Ltd., Samsung, SDI, Co., Ltd., BAK, Group, GS, Yuasa, Corporation, Johnson, Controls, Inc., Hitachi, Ltd., Toshiba, Corporation, and, A123, Systems, LLC., .
The scope of the Report:
The report segments the global Lithium Ion Battery Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Lithium Ion Battery Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Lithium Ion Battery market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
According to a report by Battery Power, “Global trends of energy storage systems that require lithium ion batteries are expected to triple from less than $2 billion in 2015 to roughly $6 billion by 2020.” Asia Pacific is expected to be the most potential market for lithium ion battery manufacturers. Rapidly increase in the automotive industry marks the increasing demand of lithium ion batteries for consumer and the commercial goods in countries such as India and China. According to Li3Energy, “The government of the Republic of South Korea, one of the world’s leading lithium battery producing nations has mandated to invest US$12.5 billion over the next ten years in lithium resource projects and considered lithium a “strategic commodity”. Industry estimates recommend that annual requirement for lithium has increased from 100 tons in the beginning of the 20th century to approximately 23,000 tons of lithium carbonate equivalent (LCE) today.”
The key factors that drives the demand of lithium ion batteries is its fast charging and lower self-discharge rate than other types of rechargeable batteries chiefly in Asia Pacific and Middle East Regions. Next area of innovation for lithium ion batteries is grid-scale battery installations needed for energy storage. They have a high energy density than other rechargeable batteries, this means that for their weight or size they can store extra energy than other rechargeable batteries. The main problem with the existing lithium ion batteries is that they are inflammable and the battery gets ruined when discharged completely. The researchers at the Dallas University are working on innovatory lithium-air battery technology, in which oxygen is used as an oxidizer, making battery five times cheaper as well as long-lasting.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Lithium Ion Battery market Production Values, Supply-Demand, Brand Shares and Forecast 2020 appeared first on Gatorledger.
The article discusses the production values, supply-demand, and forecasts for the Lithium Ion Battery Market in 2020.
Key players include LG Chem, Panasonic, Samsung, and others.
Asia Pacific, particularly countries like India and China, is significant for market growth.
Explore more articles in the Research Reports category
