Global Lithium-ion Battery Market 2024-2028

Global Lithium-ion Battery Market 2023-2027

The lithium-ion battery market is forecasted to grow by USD 198.26 billion during 2022-2027, accelerating at a CAGR of 31% during the forecast period. The report on the lithium-ion battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by augmented demand from consumer electronics, increased shipments of smart wearables, and battery energy storage to address erratic nature of renewables.

Technavio's lithium-ion battery market is segmented as below:

• By Type
• Lithium nickel manganese cobalt
• Lithium titanate
• Lithium iron phosphate
• Lithium cobalt oxide
• By Application
• Automotive
• Consumer electronics
• Energy storage and others
• By Geographical Landscape
• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the legislative support for battery recycling as one of the prime reasons driving the lithium-ion battery market growth during the next few years. Also, decline in lithium-ion battery price and increasing urbanization in emerging markets will lead to sizable demand in the market.

The report on the lithium-ion battery market covers the following areas:

• Lithium-ion battery market sizing
• Lithium-ion battery market forecast
• Lithium-ion battery market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lithium-ion battery market vendors that include A123 Systems LLC, AT and T Inc., BAK Power, BYD Co. Ltd., Clarios, Envision Group, Exide Industries Ltd., GS Yuasa Corp., Hitachi Ltd., Johnson Controls International Plc, LG Chem, Manz AG, Panasonic Holdings Corp., Samsung SDI Co. Ltd., SK Inc., Sony Group Corp., TDK Corp., TianJin Lishen Battery Joint Stock Co. Ltd., Toshiba Corp., and Tesla Inc.. Also, the lithium-ion battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.