Lithium-Ion Battery Market Trends, Key Players and Forecast 2030

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MarketsandMarkets Presents
The Global Lithium-Ion Battery Market Size is
projected to grow from USD 41.1 billion in 2021
to USD 116.6 billion by 2030 it is expected to
grow at a CAGR of 12.3 from 2021 to 2030. The
growth of the Lithium-Ion Battery Market is
majorly driven by surging requirement for
continuous power supply from critical
infrastructures in wake of COVID-19, increasing
demand for plug-in vehicles, growing need for
battery-operated material-handling equipment in
industries due to automation, continued
development of smart devices, and growing
adoption of lithium-ion batteries in renewable
energy sector.
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MarketsandMarkets Presents
10,00060,000 MAh Lithium-Ion Battery accounted
for the larger size of the Lithium-Ion Battery
Market in 2020. The 10,00060,000 MAh segment
accounted for the largest market share in 2020.
Li-ion batteries with a capacity of more than
10,000 mAh are used for applications requiring
high capacity, such as electric vehicles, plug-in
hybrid electric vehicles, e-motorcycles, material
handling equipment, marine, robots, industrial,
telecommunication systems, electronic cash
registers, standby power supplies, golf cart
vehicles, hybrid trucks, buses, smart grid,
aviation industry, automated guided vehicle,
yachts, solar backup power, energy storage system
(ESS) platforms, military applications, low earth
orbit (LEO), medium earth orbit (MEO), and
geostationary or geosynchronous orbit (GEO)
satellites, and launch vehicles.
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MarketsandMarkets Presents
Automotive Segment is expected to hold the
largest size of the Lithium-Ion Battery Market in
2020. Automotive segment is expected to hold the
largest share in the Lithium-Ion Battery Market
during the forecast period. Battery-driven
vehicles, such as electric vehicles, e-bikes, and
automated guided vehicles, are major consumers of
lithium-ion batteries. Depending on their source
of power and application, EVs are classified into
battery electric vehicles (BEVs), hybrid electric
vehicles (HEVs), and plug-in hybrid electric
vehicles (PHEVs). There is increasing competition
between battery models installed in EVs owing to
the need for operational excellence.
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MarketsandMarkets Presents
Increasing adoption and awareness of EVs supports
the growth of the Lithium-Ion Battery Market.
Automobile original equipment manufacturers (OEM)
and players within the mobility industry are
among the worst hit by the COVID-19pandemic.
Automobile OEMs increasingly rely on just-in-time
manufacturing, which is presently affecting their
production capabilities and overall exports owing
to supply chain disruptions. Automobile
manufacturing plants are producing and supplying
a few automobiles owing to the global supply
chain disruptions resulting from lockdowns. This
can impact the growth of the Lithium-Ion Battery
Market until COVID-19 cases stabilize
globally. Download PDF Sample _at_
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MarketsandMarkets Presents
APAC is projected to be the largest market for
Lithium-Ion Battery from 2021 to 2030. APAC
accounted for the largest share of the
Lithium-Ion Battery Market in 2020. The leading
players contributing to the growth of the market
in the region are JAC Motors (China), BYD Co.
Ltd. (China), BAIC Group (China), SAIC Motor
Corporation Limited (China), Nissan Motor Company
Ltd. (Japan), Mitsubishi Motors Corporation
(Japan), and Toyota Motor Corp. (Japan), among
others. Continuous developments in the consumer
electronics and automotive verticals have led to
an increase in the application of lithium-ion
batteries as they offer various advantages, such
as high-power capacity, increased safety, and
reduced pollution.
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MarketsandMarkets Presents
However, the outbreak of COVID-19 has impacted
the manufacturing facilities of all verticals
across the world, forcing them to shut down.
However, production has resumed in a few
facilities in China, thereby initiating the
manufacturing of some essentials.
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MarketsandMarkets Presents
Key Players BYD Company (China), LG Chem (South
Korea), Contemporary Amperex Technology Co. Ltd.
(CATL) (China), Samsung SDI (South Korea),
Panasonic Corporation (Japan), BAK Group (China),
GS Yuasa Corporation (GS Yuasa) (Japan), Hitachi
(Japan), Clarios (Germany), and Toshiba
Corporation (Japan), are some of the major
players in Lithium-Ion Battery Market. For More
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