2021 Lithium Ion Battery Market Size, Share, COVID Impact Analysis and Forecast to 2027 – ResearchAndMarkets.com | Financial Buzz

2021 Lithium Ion Battery Market Size, Share, COVID Impact Analysis and Forecast to 2027 – ResearchAndMarkets.com

The “2021 Lithium Ion Battery Market – Size, Share, COVID Impact Analysis and Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global Lithium Ion Battery Market is expected to grow from USD 40.5 billion in 2020 to USD 91.9 billion in 2026 with a compounded annual growth rate of 14.63%.

Demand for electric vehicles is forecast at 19.1% CAGR over the forecast period to 2026, with strong sales volume in developing countries. The US, China, Japan, India and other countries present strong potential for growth in batteries.

Consumer Electronics remains the most dominant segment in the Lithium Ion Battery Type worldwide with 36.1% market share in 2020.

LCO remains the most Dominant segment in the Lithium Ion Battery Type worldwide with 31.4% market share in 2020. LFP (Lithium iron phosphate) batteries are largely deployed in power tools, electric vehicles and power installations. These batteries use LiFePO4 as their cathode material. Key features include high stability, superior density, long battery life and economical.

The North America Lithium Ion Battery market accounts for 23.9% of global market value in 2020 and is forecast to reach USD $21. 1 billion in 2026, registering a growth rate (CAGR) of 13.82% between 2020 and 2026.

The report presents growth projections in the Lithium Ion Battery Market between 2021 and 2027 for companies operating across different types, applications, and end-user verticals.

Short-term and long-term trends affecting the market landscape are included in the research. Further, market drivers, restraints, and potential opportunities are also provided in the report.

The Lithium Ion Battery Market report computes the 2020 market value in revenue terms based on the average Lithium Ion Battery prices and sales/revenue models of key companies operating in the Lithium Ion Battery Industry. The study forecasts the market size to 2027 for different types of Lithium Ion Battery and provides respective market share and growth rates.

The study discusses technological innovations and the potential shift in demand among various products in the Lithium Ion Battery Market, over the forecast period. The leading five companies in the Lithium Ion Battery Industry together with their products, key strategies, and comparisons are provided.

The Lithium Ion Battery Market size, share, and outlook across different types and applications are provided at geographic levels of North America, Asia Pacific, Europe, Middle East Africa, South and Central America. Further, country-level Lithium Ion Battery Market value is also provided.

Scope of the Report

  • Global Lithium Ion Battery Industry size, 2020-2027
  • Market trends, drivers, restraints, and opportunities
  • Porter’s Five forces analysis
  • Types of Lithium Ion Battery, 2020-2027
  • Lithium Ion Battery applications and end-user verticals market size, 2020-2027
  • Lithium Ion Battery Market size across countries, 2020-2027
  • 5 leading companies in the industry-overview, key strategies, financials, and products
  • Latest market news and developments

Companies Profiled

  • LG Chem
  • Samsung SDI Co., Ltd.
  • Panasonic Corporation
  • BYD Co., Ltd.
  • Koninklijke Philips N.V

     

Key Topics Covered:

1. GLOBAL LITHIUM ION BATTERY INDUSTRY

2. EXECUTIVE SUMMARY

2.1. Key Trends

2.1.1. Global Lithium Ion Battery Market Value, By Application

2.1.2. Global Lithium Ion Battery Market Value, By Type

2.1.3. Global Lithium Ion Battery Market Value, By Geography

2.2. Potential Drivers

2.2.1. Demand for alternative energy sources from automotive industry

2.2.2. Shift in global energy mix

2.2.3. Smart electricity market

2.2.4. Increasing power consumption from renewable sources and distributed energy storage

2.2.5. Strong demand from consumer electronic market

2.3. Major Challenges

2.3.1. Lithium supply demand challenges cause price fluctuations

2.3.2. Competition from alternative technologies

3. GLOBAL OUTLOOK AND GROWTH OPPORTUNITIES

4. NORTH AMERICA OUTLOOK AND GROWTH OPPORTUNITIES

5. EUROPE OUTLOOK AND GROWTH OPPORTUNITIES

6. ASIA PACIFIC OUTLOOK AND GROWTH OPPORTUNITIES

7. SOUTH AND CENTRAL AMERICA OUTLOOK AND GROWTH OPPORTUNITIES

8. REST OF THE WORLD OUTLOOK AND GROWTH OPPORTUNITIES

9. COMPANY PROFILES

For more information about this report visit https://www.researchandmarkets.com/r/2qs4ks

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900