Li-ion Battery

Li-ion Battery

Global Li-ion Battery Market to Reach $118.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Li-ion Battery estimated at US$45.5 Billion in the year 2020, is projected to reach a revised size of US$118.4 Billion by 2027, growing at a CAGR of 14.7% over the analysis period 2020-2027. Lithium Nickel Manganese Cobalt (NMC), one of the segments analyzed in the report, is projected to record a 16.7% CAGR and reach US$60.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium Iron Phosphate (lfp) segment is readjusted to a revised 13.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.5 Billion, While China is Forecast to Grow at 15.6% CAGR
The Li-ion Battery market in the U.S. is estimated at US$6.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.7 Billion by the year 2027 trailing a CAGR of 15.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10% and 11.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.6% CAGR.

Lithium Cobalt Oxide (LCO) Segment to Record 4.9% CAGR
In the global Lithium Cobalt Oxide (LCO) segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.2 Billion in the year 2020 will reach a projected size of US$4.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$18.2 Billion by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period.

Select Competitors (Total 98 Featured) -

• Coslight India Telecom Pvt. Ltd.
• Electrovaya, Inc.
• EnerDel, Inc.
• GS Yuasa Corporation
• Highpower International, Inc.
• Hitachi Chemical Co., Ltd.
• HYB Battery Co., Ltd.
• Johnson Controls, Inc.
• Kokam Co., Ltd.
• LG Chem
• Li-Tec Battery GmbH
• MINAMOTO Battery (HK) Ltd.
• Panasonic Corporation
• Samsung SDI Co., Ltd
• SK Innovation Co., Ltd.
• Sony Corporation
• Sunwoda Electronic Co., Ltd.
• Tianjin Lishen Battery Joint-Stock Co., Ltd.
• Toshiba Corporation
• A123 Systems LLC
• Automotive Energy Supply Corporation (AESC)
• Blue Energy Canada, Inc.
• BYD Co., Ltd.
• Cell-Con, Inc.
• CNEBIKES Co., Ltd.

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