Lithium Ion Battery Market Overview 2018-2024: Diversely changing Market Trends with Potential Business Growth
Global Lithium Ion Battery Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
The Lithium Ion Battery Market is estimated to grow from US$ 37.4 Billion in 2018 to US$ 92.2 Billion by 2024, at a CAGR of 16.2% between 2018 and 2024. The growth of the lithium ion battery market is driven by increase in demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for various industrial applications
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The market for automotive industry is estimated to grow at a higher CAGR during the forecast period. Semiconductors and electronic products require high accuracy and extreme precision, along with high output. Factors contributing to the growth of the automotive industry in the lithium ion battery market include rising demand for energy-efficient solutions, high power and energy density, high-level safety, increased venture capital funding, and initiatives taken by government bodies to encourage the adoption of lithium ion batteries worldwide.
The market in APAC is estimated to grow at a higher CAGR during the forecast period. Countries such as China, the Netherlands, and Germany have taken many initiatives and are setting strict regulations to support the growth of the electric vehicles market, which is expected to support the growth of the lithium ion batteries market.
The Study Objectives of this report are:
- To describe and forecast the lithium ion battery market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and RoW
- To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To describe and forecast the lithium ion battery market, in terms of value, by type, power capacity, and industry
- To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the lithium ion battery industry
Inquire more or share questions if any before the purchase on “Lithium Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry (Consumer Electronics, Automotive, Medical, Industrial), and Region – Global Forecast to 2024” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=841137 .
Top Key Players in the “Lithium Ion Battery Market” include are
- BYD Company (China)
- LG Chem (South Korea)
- Panasonic (Japan)
- Samsung SDI (South Korea)
- BAK Group (China)
- GS Yuasa (Japan)
- Hitachi (Japan)
- Johnson Controls (Ireland)
- Toshiba (Japan)
Reason to buy this report:
Lithium Ion Battery Market research report has focused on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, value chain analysis; company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of lithium ion battery market, and high-growth regions; and drivers, restraints, challenges, and opportunities pertaining to lithium ion battery industry.
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