Dublin, Oct. 17, 2019 (GLOBE NEWSWIRE) -- The "Lithium-ion Battery Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The market for lithium-ion battery is expected to register a CAGR of approximately 22%, during the forecast period (2019-2024).
Major factors driving the market studied are the emergence of new and exciting markets, via electric vehicle and energy storage systems (ESS), for both commercial and residential applications, declining lithium-ion battery prices, and the increasing sale of consumer electronics. The increasing demand-supply mismatch of raw materials is likely to hinder the growth of the market studied.
The automobile industry dominated the market in 2018, and is expected to grow during the forecast period, due to its high energy density, fast recharge capability, and high discharge power, owing to which, the lithium-ion batteries are the only available technology that are capable of meeting OEM requirements for vehicle driving range and charging time.
Recycling of Li-ion batteries is expected to secure the supply of raw materials, such as lithium and cobalt, and reduce the reliance on extracting and refining materials from mineral resources. Recycling of lithium-ion battery that is currently being used in electric vehicles offers an excellent opportunity for companies to utilize the refined constituent materials, for manufacturing lithium-ion batteries that are to be used for Energy Storage Systems (ESS).
Asia-Pacific dominated the market across the world, with the largest contribution coming from countries, such as China and India.
Recent Trend in the Market - Li-NMC batteries are the most widely used li-ion battery type. Traditionally equal parts of nickel, manganese, and cobalt is used in li-NMC batteries. The mixture is now moving toward 5:2:3 formula (5 parts of nickel, 3 parts of manganese, and 2 parts of cobalt). Many companies are focusing on R&D, to reduce the cobalt oxide content and increase the nickel content. The major push is toward the adoption of 8:1:1 blend.
Key Market Trends
Increasing Energy Storage System Applications
Asia-Pacific Region to Dominate the Market
Competitive Landscape
The lithium-ion battery market is fragmented, with several global and regional players contesting for attention in a fairly-contested market space. The major companies include Panasonic Corporation, Tesla Inc., Samsung SDI, LG Chem Ltd, and Contemporary Amperex Technology Co. Ltd (CATL).
Key Topics Covered
1 INTRODUCTION
1.1 Scope of Study
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Lithium-ion Price Trend Analysis, till 2024
4.3 Market Size and Demand Forecast, till 2024
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Industry Supply Chain Analysis
4.8 Porter's Five Forces Analysis
4.8.1 Bargaining Power of Suppliers
4.8.2 Bargaining Power of Consumers
4.8.3 Threat of New Entrants
4.8.4 Threat of Substitute Products and Services
4.8.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Electronic Devices
5.1.2 Automobile
5.1.3 Industrial
5.1.4 Other Applications
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Rest of North America
5.2.2 Asia-Pacific
5.2.2.1 India
5.2.2.2 China
5.2.2.3 Japan
5.2.2.4 South Korea
5.2.2.5 Rest of Asia-Pacific
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 Netherlands
5.2.3.3 Italy
5.2.3.4 Rest of Europe
5.2.4 Middle East & Africa
5.2.4.1 United Arab Emirates
5.2.4.2 Saudi Arabia
5.2.4.3 Zimbabwe
5.2.4.4 South Africa
5.2.4.5 Rest of Middle East & Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Chile
5.2.5.4 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 BYD Company Limited
6.3.2 Contemporary Amperex Technology Co. Limited
6.3.3 LG Chem Ltd.
6.3.4 Panasonic Corporation
6.3.5 Samsung SDI
6.3.6 Sony Corporation
6.3.7 Tesla Inc.
6.3.8 Tianjin Lishen Battery Joint-Stock Co. Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/67xt4i
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.