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At 16+% CAGR, Lithium Ion Battery Market Potentially Worth $68.97 Billion by 2022 Led by Automotive Industry

The lithium ion battery market is forecast to reach $68.97 billion by 2022 from $23.51 billion in 2015 at a CAGR of 16.6% during (2016-2022) driven by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand

PUNE, India, Feb. 16, 2017 /PRNewswire-iReach/ -- The lithium ion battery market in APAC expected to grow at the highest rate during the forecast period. The lithium ion battery market in the APAC region is expected to grow at the highest rate between 2016 and 2022. The demand for lithium ion battery systems is very high in APAC owing to the ever-increasing population and thus increasing need of these batteries for consumer electronics. Also, the market for electric vehicles has been rapidly developing in China towing to the significant government incentives for vehicle buyers and tightening emission regulations. The consumer electronics and automotive industries are the major contributors for the growth of the market in APAC. Complete report on "Lithium Ion Battery Market" spread across 190 pages, profiling 12 companies and supported with 78 tables and 95 figures is now available at http://www.rnrmarketresearch.com/lithium-ion-battery-market-by-type-lithium-cobalt-oxide-lithium-iron-phosphate-lithium-nickel-manganese-cobalt-power-capacity-0-to-3000mah-3000mah-to-10000mah-10000mah-to-60000mah-industry-and-geography-st-to-2022-market-report.html .

Lithium cobalt oxide battery type expected to hold a major share of the lithium ion battery market during the forecast period. Lithium cobalt oxide battery type is expected to hold a major share of the market by 2022. The growing use of consumer electronics such as smart phones and laptops has resulted in the greater demand for energy-efficient batteries. Owing to a special attribute of high energy density of lithium cobalt oxide, it is mainly used as a power source for smart phones, tablets, laptops, and digital cameras, among others.

Lithium ion battery market expected to exhibit significant growth potential between 2016 and 2022. The security concerns posed by overheating of lithium ion batteries and inadequate charging infrastructure are the major factors restraining the growth of this market.

0 to 3000mAh power capacity expected to hold the largest size of the lithium ion battery market. The 0 to 3000mAh power capacity batteries are expected to hold the largest size of the lithium ion battery market in 2016. 0 to 3000mAh power capacity is used in major industries such as consumer electronics which is considered one of the largest industries. Owing to high demand of these devices, the 0 to 3,000mAh power capacity batteries hold the largest size of the market in 2016.

Market for automotive industry expected to grow at the highest rate between 2016 and 2022. The automotive industry is expected to grow at the highest rate between 2016 and 2022. Semiconductors and electronic products require high accuracy and extreme precision, along with high output. The major factors contributing to the growth of the lithium ion battery market for automotive industry include rising demand for energy-efficient solutions, high power and energy density, and high-level safety; increased venture capital funding; and initiatives taken by government bodies to encourage adoption of lithium ion battery across the globe.

This research study is obliging for following audience:

  1. Automotive consultants
  2. Consumer electronics manufacturers
  3. Lithium ion battery distributors and providers
  4. Lithium ion battery manufacturing companies
  5. Research organizations and consulting companies
  6. Smart grid integrators
  7. Technology investors
  8. Technology standard organizations, forums, alliances, and associations

The key players in the lithium ion battery market include LG Chem Ltd. (South Korea), Panasonic Corporation (Japan), Samsung SDI Co., Ltd. (South Korea), BYD Co. Ltd. (China), BAK Group (China), A123 Systems, LLC. (U.S.), GS Yuasa Corporation (Japan), Hitachi, Ltd. (Japan), Johnson Controls Inc. (U.S.), Saft Groupe SA (France), Toshiba Corporation (Japan), and Valence Technology Inc. (U.S.).Download PDF Brochure "Lithium Ion Battery Market by Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt), Power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry, and Geography - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=848417 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (51%), Tier 2 (29%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (48%), Directors (36%) and others (16%) from various key organizations operating in the Lithium Ion Battery Market. The primary interviews were conducted worldwide covering regions such as North America (36%), Europe (26%), APAC (30%) and RoW (8%).

Research Coverage: The research report analyzes the lithium ion battery market based on the following segments—type, power capacity, industry, and geography. The market has been segmented on the basis of type into lithium nickel manganese cobalt (LI-NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO), lithium nickel cobalt aluminum oxide (NCA). On the basis of power capacity, the lithium ion battery market has been classified into 0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh. The report covers the market segmented on the basis of following industries—consumer electronics, automotive, aerospace and defense, marine, medical, industrial, and power. The report also covers the market segmented in four major regions, namely, North America, Europe, APAC, and RoW.

On a related note, another research titled Flexible Battery Market Global Forecast to 2022 says, the flexible battery market is expected to grow at a CAGR of 46.6% between 2016 and 2022 to reach USD 958.4 million by 2022. Companies such as Samsung SDI Co., Ltd. (South Korea), LG Chem Ltd. (South Korea), STMicroelectronics N.V. (Netherland), Enfucell Oy Ltd. (Finland), Blue Spark Technologies Ltd. (U.S.), Rocket Electric Co. ltd (South Korea), Fullriver Battery New Technology Co., Ltd. (China), Paper Battery Co. Inc. (U.S.), BrightVolt, Inc. (U.S.), Panasonic Corporation(Japan), Ultra life Corporation (U.S.) and NEC Energy Solutions (U.S.) have been profiled in this 150 pages research report available at http://www.rnrmarketresearch.com/flexible-battery-market-by-technology-thin-film-li-ion-flexible-lithium-polymer-printed-curved-and-paper-battery-chargeability-application-packaging-smart-card-wearable-electronics-and-region-global-forecast-to-2020-market-report.html .

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