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Lithium-Ion Battery Market with COVID-19 Impact Analysis, by Type, Capacity, Voltage, Industry & Region - Global Forecast to 2030

·10-min read

Dublin, July 14, 2021 (GLOBE NEWSWIRE) -- The "Lithium-Ion Battery Market with COVID-19 Impact Analysis, by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Power, Industrial), & Region (North America, Europe, APAC & RoW) - Global Forecast to 2030" report has been added to's offering.

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.

Lithium Cobalt Oxide (LCO) Battery is expected to hold the largest market share during the forecast period.

The Lithium Cobalt Oxide (LCO) segment held the largest size of the market in 2020. LCO batteries have high energy density and are preferred in the consumer electronics industry, which is a major end-user of the lithium-ion battery market. The Lithium Nickel Manganese Cobalt (Li-NMC) segment is expected to register the highest growth rate during the forecast period. The automotive industry accounts for a substantial portion of the overall lithium-ion battery demand. Electric vehicles require high power, which can only be provided by the NMC battery type. These batteries have a very low self-heating rate and are used in electric vehicle models such as Nissan Leaf, Chevy Volt, and BMW.

The power segment is expected to grow at the highest CAGR during the forecast period.

The lithium-ion battery market for the power segment is expected to grow at the highest CAGR from 2021 to 2030. The need to fulfill the requirement for peak electricity demands is the major factor contributing to the growth of the segment. The flexibility offered by these batteries to the grid in terms of energy storage helps to deal with fluctuations associated with renewable energy sources, such as solar and wind energy, is catalyzing the adoption of lithium-ion battery energy storage systems. Lithium-ion battery energy storage systems enable grid operators to save electricity when there is a surplus of renewable energy. The COVID-19 outbreak has impacted the supply chain of lithium-ion batteries and components. Besides, due to delays in projects, developers are not able to meet the deadlines for claiming tax credits and renewable incentives. However, the market for the utility sector is expected to recover between 2021 and 2022 with the start of ongoing and planned projects.

APAC is projected to grow at the highest CAGR during the forecast period.

The lithium-ion battery market in APAC is expected to grow at the highest CAGR during 2021?2030. China and Japan are the world's second-and third-largest markets, respectively, for electric vehicles. 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. 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. Several countries in the APAC region are planning off-grid electrification, especially in remote areas. Investments in energy storage systems are expected to increase substantially in the region as governments in developing economies are formulating new policies to improve the reliability and quality of power distribution facilities for residential customers.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Lithium-Ion Battery Market
4.2 Lithium-Ion Battery Market, by Type
4.3 Lithium-Ion Battery Market, by Capacity
4.4 Lithium-Ion Battery Market in Apac, by Industry and Country
4.5 Lithium-Ion Battery Market, by Industry
4.6 Lithium-Ion Battery Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers 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 Other Industrial Goods Growing Adoption of Lithium-Ion Batteries in Renewable Energy Sector
5.2.2 Restraints Safety Issues Related to Storage and Transportation of Spent Batteries
5.2.3 Opportunities Declining Prices of Lithium-Ion Batteries Growing Number of R&D Initiatives by Manufacturers for Improvements in Li-Ion Batteries
5.2.4 Challenges Disruptions in Supply Chain of Batteries and Related Components Caused by COVID-19 Overheating of Lithium-Ion Batteries High Costs Associated with Battery-Operated Industrial Vehicles Aging of Lithium-Ion Batteries
5.3 Value Chain Analysis
5.4 Ecosystem Analysis
5.5 Revenue Shift and New Revenue Pockets for Lithium-Ion Battery Market
5.6 Porter's Five Forces Analysis
5.7 Case Study Analysis
5.8 Technology Analysis
5.9 Pricing Analysis
5.10 Trade Analysis
5.11 Patent Analysis
5.12 Tariff and Regulatory Landscape

6 Shift in Lithium-Ion Battery Market Post COVID-19
6.1 Disruptions in Industry
6.2 Supply Chain Constraints and Strategies Undertaken to Overcome Them
6.3 New Market Opportunities/Growth Opportunities

7 Materials Used in Lithium-Ion Batteries
7.1 Introduction
7.2 Cathode Material
7.2.1 Cathode Material for Lithium-Ion Batteries Lithium Iron Phosphate (Lfp) Lithium Iron Cobalt Oxide (Lco) Lithium Nickel Manganese Cobalt (Nmc) Lithium Nickel Cobalt Aluminum (Nca) Lithium Manganese Oxide (Lmo)
7.3 Anode Materials
7.3.1 Anode Material for Lithium-Ion Batteries Natural Graphite Artificial Graphite Other Anode Materials
7.4 Electrolyte Material
7.5 Separator Materials
7.6 Current Collector Materials
7.7 Other Materials

8 Resources Used for Lithium-Ion Batteries
8.1 Introduction
8.2 Proven Reserves
8.2.1 Chile
8.2.2 China
8.2.3 Argentina
8.2.4 Australia
8.2.5 Others
8.3 Pricing Trend
8.4 Companies Exploring Lithium
8.4.1 Jiangxi Ganfeng Lithium
8.4.2 Tianqi Lithium
8.4.3 Albemarle
8.4.4 Sqm
8.4.5 Livent

9 Lithium-Ion Battery Market, by Type

10 Lithium-Ion Battery Market, by Product

11 Lithium-Ion Battery Market, by Capacity
11.1 Introduction
11.2 0 to 3,000 Mah
11.2.1 Batteries That Provide Capacity of Up to 3,000 Mah are Suitable for a Variety of Applications
11.3 3,000 to 10,000 Mah
11.3.1 Batteries Having Capacity from 3,000 to 10,000 Mah are Majorly Used in Applications with Heavy Power Density Requirements
11.4 10,000 to 60,000 Mah
11.4.1 Batteries Having Capacity Above 10,000 Mah are Ideal for High-Power Applications
11.5 60,000 Mah and Above
11.5.1 Lithium-Ion Batteries Having Capacity Above 60,000 Mah are Used for Powering Heavy Electric Vehicles

12 Lithium-Ion Battery Market, by Voltage
12.1 Introduction
12.2 Low (Below 12V)
12.2.1 Consumer Electronics Industry is Largest Adopter of Lithium-Ion Batteries Below 12V
12.3 Medium (12V-36V)
12.3.1 Excellent Option for Trolling Motors, Other Marine Applications, and Deep-Cycle Applications
12.4 High (Above 36V)
12.4.1 High-Voltage Lithium-Ion Batteries Offer Higher Power, Longer Life, and More Safety Than Lead-Acid Batteries

13 Lithium-Ion Battery Market, by Industry
13.1 Introduction
13.2 Consumer Electronics
13.2.1 Smartphones Lightweight and High-Density Lithium-Ion Batteries are Ideal Power Source for Complex Smartphone Devices
13.2.2 Ups Longer Runtime and Faster Recharge Time Make Lithium-Ion Batteries Suitable for Ups Systems
13.2.3 Laptops Lithium-Ion Batteries for Laptops are Low Maintenance, Do Not Require Scheduled Cycling, and Display No Memory Effect
13.2.4 Others (Games, Gardening Tools, and Drilling)
13.3 Automotive
13.3.1 Battery Electric Vehicles Lithium-Ion Batteries Provide High Power Density and High Thermal Stability to Battery Electric Vehicle
13.3.2 Plug-In Hybrid Electric Vehicles Lto, Lfp, and Nmc Variants of Lithium-Ion Batteries are Mainly Used in Hybrid Electric Vehicles
13.4 Aerospace
13.4.1 Commercial Aircraft Adoption by Leading Players Such as Boeing and Airbus Creates Positive Environment for Lithium-Ion Batteries
13.5 Marine
13.5.1 Commercial Ability to Deliver Power Supply for Longer Durations Make Lithium-Ion Batteries Suitable for Commercial Ships
13.5.2 Tourism High Energy Density and No Risk of Fire or Explosion Make Lithium-Ion Batteries Popular Among Electric Boat Manufacturers
13.6 Medical
13.6.1 Low Self-Discharge and Light Weight Make Lithium-Ion Batteries Ideal for Use in Medical Devices
13.7 Industrial
13.7.1 Mining Equipment Safety Concerns Will Increase Demand for Lithium-Ion Battery-Based Mining Equipment
13.7.2 Construction Equipment Advancements in Lithium-Ion Battery Technology are Improving Performance and Efficiency of Construction Equipment
13.7.3 Forklifts, Automated Guided Vehicles (Agv), and Automated Mobile Robots (Amr) High Energy Density Makes Lithium-Ion Batteries Best Choice for Agvs and Amrs
13.8 Power
13.8.1 Adoption in Smart Grids to Drive Lithium-Ion Battery Market Growth
13.9 Telecommunications
13.9.1 Lithium-Ion Batteries Provide Outstanding Cyclic Life, Excellent Charge Acceptance, and Remote Monitoring for Telecom Applications

14 Lithium-Ion Battery Market, by Region

15 Competitive Landscape
15.1 Overview
15.2 Top 4 Company Revenue Analysis
15.3 Market Share Analysis, 2020
15.4 Competitive Leadership Mapping
15.4.1 Star
15.4.2 Emerging Leader
15.4.3 Pervasive
15.4.4 Participant
15.5 Small and Medium Enterprises (Sme) Evaluation Matrix, 2020
15.5.1 Progressive Company
15.5.2 Responsive Company
15.5.3 Dynamic Company
15.5.4 Starting Block
15.6 Lithium-Ion Battery Market: Product Footprint
15.7 Competitive Situations and Trends
15.7.1 Lithium-Ion Battery Market: Product Launches, November 2019-December 2020
15.7.2 Lithium-Ion Battery Market: Deals, May 2019- January 2021

16 Company Profiles
16.1 Introduction
16.1.1 Impact of COVID-19 on Lithium-Ion Battery Market
16.2 Key Players
16.2.1 BYD Company
16.2.2 LG Chem
16.2.3 Samsung Sdi
16.2.4 Contemporary Amperex Technology Co. Ltd. (Catl)
16.2.5 Panasonic Corporation
16.2.6 Bak Power
16.2.7 Gs Yuasa Corporation
16.2.8 Hitachi
16.2.9 Clarios
16.2.10 Toshiba
16.3 Other Prominent Players
16.3.1 Calb
16.3.2 Tesla
16.3.3 Lithium Werks
16.3.4 Saft Groupe
16.3.5 Varta Ag
16.3.6 Farasis Energy
16.3.7 Sila Nanotechnologies
16.3.8 Amperex Technology Limited (Atl)
16.3.9 Envision Aesc Sdi Co. Ltd.
16.3.10 Guoxuan High-Tech Co., Ltd.
16.3.11 Lithium Energy Japan
16.3.12 Enerdel
16.3.13 Corvus Energy
16.3.14 Ipower Batteries Pvt. Ltd.
16.3.15 Nextera Energy

17 Appendix

For more information about this report visit

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