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Lithium-ion Battery Market by Type (Lithium Nickel Manganese Cobalt Oxide (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO)), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Aerospace) – Global Forecast to 2031

Lithium-ion Battery Market by Type (Lithium Nickel Manganese Cobalt Oxide (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO)), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Aerospace) – Global Forecast to 2031

The lithium-ion battery market size is expected to grow from USD 44.5 billion in 2022 to USD 135.1 billion by 2031; it is expected to grow at a CAGR of 13.1% from 2022 to 2031. The key factors driving the growth of the lithium-ion battery market are surging demand for lithium-ion batteries from plug-in vehicles and renewable energy sector and advancements observed in smart electronic devices which deploy lithium-ion batteries; and thus provides various advantages to the industries.

“Lithium Iron Phosphate is expected to grow at significant rate, followed by Lithium Nickel Manganese Cobalt Oxide from 2022 to 2031”

The Lithium Iron Phosphate battery type is expected to register the second-highest growth rate during the forecast period. Due to its high-power density, this technology is utilized in medium-power traction applications (AGV, E-mobility) and heavy-duty applications (marine traction, industrial vehicles, etc.). The long service life of LFP batteries and the possibility of deep cycling makes them suitable for energy storage applications (stand-alone applications, off-grid systems) or stationary use in general.

“0-3,000 mAh to hold second-largest share of the market in 2021”

The 0–3,000 mAh capacity range is the most popular and highly demanded in the market. About 90% consumer electronics applications deploy batteries with capacity in the range of 0–3000 mAh since low-capacity batteries are potentially longer-lasting power sources for consumer electronics and are light in weight and portable.O-3000 mAh is the most popular type of lithium-ion battery in the consumer electronics industry.

“Adoption of low (12V) batteries in small size applications”

Batteries below 12 V are highly utilized in electric vehicles and solar energy systems and in marine, military, telecom, trolling motors, and deep-cycle applications due to their various advantages. These batteries are preferred over the other variants since they have the most energy density with the lightest weight possible.

“Power industry is estimated to hold largest CAGR during the forecast period”

The power industry holds the largest CAGR of lithium-ion battery market from 2022 – 2031. Power is one of the key necessities and is crucial for the economic growth and welfare of a nation. The conventional sources of power are coal, natural gas, crude oil, etc., and non-conventional are wind, solar, etc. Countries across the world are focusing on achieving net-zero carbon emissions, thus, they are focusing on non-conventional sources of energy. These energies need huge storage systems, and lithium-ion batteries provide the ideal solutions for storage. Lithium-ion battery energy storage systems enable grid operators to save electricity when there is a surplus of renewable energy.

“Asia Pacific is expected to capture largest market growth rate during forecast period”

The Asia Pacific region is expected to hold the largest market growth rate of the lithium-ion battery market during the forecast period. The region is the prime supplier of lithium-ion batteries to some of the fastest-growing economies in the world. The countries in Asia Pacific are moving toward green energy and therefore are focusing on developing an ecosystem to manufacture lithium-ion batteries in respective countries. The region has become an attractive automotive market, emerging as a hub for automobile production in recent years. Recent infrastructure developments and industrialization activities in emerging countries have opened new avenues and opportunities for OEMs. The increasing purchasing power of the population has stimulated the demand for consumer electronics and automobiles, thereby generating demand for lithium-ion batteries.

The break-up of the profiles of primary participants for the report has been given below:
•By Company Type: Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17%
•By Designation: C-Level Executives = 47%, Directors= 31%, and Others= 22%
•By Region: North America = 17%, Europe = 31%, Asia Pacific = 43%, and RoW = 09%

Major players operating in the lithium-ion battery market include LG Chem (South Korea), SAMSUNG SDI CO. LTD. (South Korea), Contemporary Amperex Technology Co., Limited. (China), BYD Company Ltd. (China), and Panasonic Holdings Corporation (Japan), among others.

Research Coverage:
The research report on the global lithium-ion battery market covers the market based on material, product type, type, capacity, voltage, industry, and region. Based on material, the market has been segmented into cathode material, anode material, electrolyte material, separator material, current collector material, and others. Based on product type, the market has been segmented into components of lithium-ion battery and portability. Based on type, the market has been segmented into lithium nickel manganese cobalt oxide, lithium iron phosphate, lithium cobalt oxide, lithium titanate oxide, lithium manganese oxide, and lithium nickel cobalt aluminum oxide. Based on capacity, the market has been segmented into0 to 3,000 MAH, 3,000 to 10,000 MAH, 10,000 to 60,000 MAH, and 60,000 MAH and above. Based on voltage, the market has been segmented into low (Below 12V), medium (12V-36V), and high (above 36V). Based on industry, the market has been segmented into consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunications. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
This report segments the lithium-ion battery market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different material, product type, type, capacity, voltage, industry, and region.
The report helps stakeholders understand the pulse of the market, expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
Table of Contents

1INTRODUCTION32
1.1STUDY OBJECTIVES32
1.2MARKET DEFINITION32
1.2.1INCLUSIONS & EXCLUSIONS33
1.3STUDY SCOPE34
1.3.1MARKETS COVERED34
FIGURE 1LITHIUM-ION BATTERY MARKET: SEGMENTATION34
1.3.2REGIONAL SCOPE34
1.3.3YEARS CONSIDERED35
1.4CURRENCY CONSIDERED35
1.5UNITS CONSIDERED35
1.6LIMITATIONS36
1.7STAKEHOLDERS36
1.8SUMMARY OF CHANGES37
2RESEARCH METHODOLOGY38
2.1RESEARCH DATA38
FIGURE 2LITHIUM-ION BATTERY MARKET: RESEARCH DESIGN38
2.1.1SECONDARY AND PRIMARY RESEARCH39
2.1.2SECONDARY DATA39
2.1.2.1Major secondary sources40
2.1.2.2Key data from secondary sources40
2.1.3PRIMARY DATA41
2.1.3.1Primary interviews with experts41
2.1.3.2Key data from primary sources42
2.1.3.3Key industry insights42
2.1.3.4Breakdown of primary interviews43
2.2MARKET SIZE ESTIMATION43
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY-SIDE): REVENUE GENERATED THROUGH SALES OF PRODUCTS/SOLUTIONS/ SERVICES PERTAINING TO LITHIUM-ION BATTERIES44
2.2.1BOTTOM-UP APPROACH45
2.2.1.1Approach for arriving at market size using bottom-up analysis45
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH45
2.2.1.2Approach for capturing market sizing using top-down analysis46
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH46
2.3MARKET BREAKDOWN AND DATA TRIANGULATION47
FIGURE 6LITHIUM-ION BATTERY MARKET: DATA TRIANGULATION47
2.4RESEARCH ASSUMPTIONS AND LIMITATIONS48
3EXECUTIVE SUMMARY49
FIGURE 7LITHIUM COBALT OXIDE SEGMENT TO LEAD IN 202249
FIGURE 83,000-10,000 MAH SEGMENT TO GROW AT HIGHEST CAGR50
FIGURE 9HIGH (ABOVE 36 V) VOLTAGE SEGMENT TO DOMINATE50
FIGURE 10POWER SEGMENT TO GROW AT HIGHEST CAGR51
FIGURE 11MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR52
4PREMIUM INSIGHTS53
4.1ATTRACTIVE OPPORTUNITIES IN LITHIUM-ION BATTERY MARKET53
FIGURE 12ADOPTION OF ELECTRIC VEHICLES TO FUEL GROWTH IN ASIA PACIFIC53
4.2LITHIUM-ION BATTERY MARKET, BY TYPE53
FIGURE 13LITHIUM NICKEL MANGANESE COBALT OXIDE SEGMENT TO GROW AT HIGHEST CAGR53
4.3LITHIUM-ION BATTERY MARKET, BY CAPACITY54
FIGURE 1410,000-60,000 MAH SEGMENT TO LEAD MARKET54
4.4LITHIUM-ION BATTERY MARKET, BY VOLTAGE54
FIGURE 15HIGH VOLTAGE (ABOVE 36) TO ACCOUNT FOR LARGEST SHARE54
4.5LITHIUM-ION BATTERY MARKET, BY INDUSTRY55
FIGURE 16POWER SEGMENT TO GROW AT HIGHEST CAGR55
4.6LITHIUM-ION BATTERY MARKET, BY REGION55
FIGURE 17ASIA PACIFIC TO LEAD MARKET55
5MARKET OVERVIEW56
5.1INTRODUCTION56
5.2MARKET DYNAMICS56
FIGURE 18GLOBAL LITHIUM-ION BATTERY MARKET DYNAMICS56
5.2.1DRIVERS57
5.2.1.1Growing adoption in plug-in vehicles57
FIGURE 19GLOBAL ELECTRIC CAR STOCK, 2010–202157
5.2.1.2Requirement of battery-operated material-handling equipment57
5.2.1.3Advancements in smart electronic devices58
5.2.1.4Adoption in renewable energy sector58
FIGURE 20IMPACT OF DRIVERS ON LITHIUM-ION BATTERY MARKET59
5.2.2RESTRAINTS60
5.2.2.1Increasing concerns in transportation and storage of spent batteries60
FIGURE 21IMPACT OF RESTRAINTS ON LITHIUM-ION BATTERY MARKET60
5.2.3OPPORTUNITIES61
5.2.3.1Adoption in new applications due to decreasing prices61
5.2.3.2Increasing R&D for advancements61
FIGURE 22IMPACT OF OPPORTUNITIES ON LITHIUM-ION BATTERY MARKET62
5.2.4CHALLENGES62
5.2.4.1Excessive heating of batteries62
5.2.4.2Increasing cost of battery-operated industrial vehicles62
5.2.4.3Aging lithium-ion batteries63
FIGURE 23IMPACT OF CHALLENGES ON LITHIUM-ION BATTERY MARKET63
5.3VALUE CHAIN ANALYSIS63
FIGURE 24VALUE CHAIN ANALYSIS: LITHIUM-ION BATTERY MARKET64
5.4ECOSYSTEM ANALYSIS66
FIGURE 25ECOSYSTEM: LITHIUM-ION BATTERY MARKET66
TABLE 1ECOSYSTEM: LITHIUM-ION BATTERY67
5.5PRICING ANALYSIS68
FIGURE 26AVERAGE BATTERY PACK PRICE (USD/KWH) 2013–202168
FIGURE 27LITHIUM-ION BATTERY: COST BREAKDOWN69
5.5.1AVERAGE SELLING PRICES OF KEY PLAYERS, BY TYPE70
FIGURE 28AVERAGE SELLING PRICES OF KEY PLAYERS, BY TYPE70
TABLE 2AVERAGE SELLING PRICES OF KEY PLAYERS BY TYPE (USD)70
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS71
FIGURE 29TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS71
5.7TECHNOLOGY ANALYSIS72
5.7.1LITHIUM METAL BATTERIES72
5.7.2LITHIUM-SULFUR BATTERIES72
5.7.3SODIUM-SULFUR BATTERIES73
5.7.4COBALT-FREE BATTERIES73
5.7.5METAL-AIR BATTERIES73
5.7.6LIQUID-METAL BATTERIES74
5.7.7POTASSIUM METAL BATTERIES74
5.7.8ZINC-MANGANESE BATTERIES74
5.7.9VANADIUM-FLOW BATTERIES74
5.7.10GOLD NANOWIRE GEL ELECTROLYTE BATTERIES75
5.8PORTER’S FIVE FORCES ANALYSIS75
TABLE 3PORTER’S FIVE FORCE ANALYSIS WITH THEIR IMPACT (2021)75
5.8.1BARGAINING POWER OF SUPPLIERS75
5.8.2BARGAINING POWER OF BUYERS76
5.8.3THREAT OF NEW ENTRANTS76
5.8.4THREAT OF SUBSTITUTES76
5.8.5INTENSITY OF COMPETITIVE RIVALRY76
5.9KEY STAKEHOLDERS AND BUYING CRITERIA77
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS77
FIGURE 30INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS77
TABLE 4INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS (%)77
5.9.2BUYING CRITERIA78
FIGURE 31KEY BUYING CRITERIA FOR TOP THREE END USERS78
TABLE 5KEY BUYING CRITERIA FOR TOP THREE END USERS78
5.10CASE STUDY ANALYSIS79
5.10.1TESLA PROVIDED 150 MW / 300 MWH LITHIUM-ION BATTERY STORAGE FACILITY FOR ENERGY GRID IN AUSTRALIA79
5.10.2OFF-GRID LIGHTING SOLUTION IN A SCHOOL IN ANGOLA79
5.10.3COLLABORATION BETWEEN NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) TO LAUNCH GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM79
5.10.4BUILDING 3D-PRINTED BATTERY SYSTEMS IN SPACE79
5.11TRADE ANALYSIS80
FIGURE 32IMPORT DATA FOR HS CODE 850650, BY KEY COUNTRY, 2017–2021 (USD MILLION)80
FIGURE 33EXPORT DATA FOR HS CODE 850650, BY KEY COUNTRY, 2017–2021 (USD MILLION)81
5.12PATENT ANALYSIS81
FIGURE 34TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS DURING LAST 10 YEARS81
FIGURE 35NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 202082
TABLE 6TOP 20 PATENT OWNERS DURING LAST 10 YEARS82
TABLE 7TOP 20 PATENT OWNERS DURING LAST 10 YEARS83
5.13KEY CONFERENCES & EVENTS IN 2022–202387
TABLE 8LITHIUM-ION BATTERY MARKET: DETAILED LIST OF CONFERENCES & EVENTS87
5.14TARIFF AND REGULATORY LANDSCAPE88
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS88
TABLE 9NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS88
TABLE 10EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS89
TABLE 11ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS89
TABLE 12REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS90
5.14.2MARKET REGULATIONS AND STANDARDS90
TABLE 13REGULATIONS AND STANDARDS FOR LITHIUM-ION BATTERY91
6LITHIUM-ION BATTERY MARKET, BY MATERIAL93
6.1INTRODUCTION93
TABLE 14LITHIUM-ION BATTERY: BATTERY MATERIALS93
6.2CATHODE MATERIAL93
FIGURE 36CHEMISTRIES OF CATHODES93
6.2.1CATHODE MATERIAL FOR LITHIUM-ION BATTERIES94
6.2.1.1Lithium Iron Phosphate94
6.2.1.2Lithium Cobalt Oxide94
6.2.1.3Lithium Nickel Manganese Cobalt94
6.2.1.4Lithium Nickel Cobalt Aluminum95
6.2.1.5Lithium Manganese Oxide95
6.3ANODE MATERIAL95
6.3.1ANODE MATERIAL FOR LITHIUM-ION BATTERIES95
6.3.1.1Natural graphite95
6.3.1.2Artificial graphite95
6.3.1.3Other anode materials96
6.4ELECTROLYTE MATERIAL96
6.5SEPARATOR MATERIAL96
6.6CURRENT COLLECTOR MATERIAL96
6.7OTHER MATERIALS97
7LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE98
7.1INTRODUCTION98
7.2COMPONENTS OF LITHIUM-ION BATTERIES98
FIGURE 37LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE98
7.2.1CELLS98
7.2.1.1Low weight and easy installation98
7.2.2BATTERY PACKS99
7.2.2.1Applications requiring high energy density99
7.3PORTABILITY99
7.3.1STATIONARY99
7.3.1.1High use in renewable energy storage systems99
7.3.2PORTABLE100
7.3.2.1Wide utilization in portable electronic devices100
8LITHIUM-ION BATTERY MARKET, BY TYPE101
8.1INTRODUCTION102
FIGURE 38LITHIUM-ION BATTERY MARKET, BY TYPE102
FIGURE 39LITHIUM NICKEL MANGANESE COBALT OXIDE SEGMENT TO GROW AT HIGHEST CAGR103
TABLE 15LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)103
TABLE 16LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)103
8.2LITHIUM NICKEL MANGANESE COBALT104
8.2.1HIGH ENERGY DENSITY OR HIGH-POWER BOOSTS DEMAND104
TABLE 17LITHIUM NICKEL MANGANESE COBALT BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)105
TABLE 18LITHIUM NICKEL MANGANESE COBALT BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)105
8.3LITHIUM IRON PHOSPHATE106
8.3.1ADOPTION FOR EQUIPMENT AND HIGH-POWER DEVICES106
FIGURE 40PERFORMANCE PARAMETERS: LFP BATTERIES106
TABLE 19LITHIUM IRON PHOSPHATE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)106
TABLE 20LITHIUM IRON PHOSPHATE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)107
8.4LITHIUM COBALT OXIDE107
8.4.1RISING ADOPTION IN CONSUMER ELECTRONICS107
TABLE 21LITHIUM COBALT OXIDE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)108
TABLE 22LITHIUM COBALT OXIDE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)108
8.5LITHIUM TITANATE OXIDE109
8.5.1HIGHLY SUITABLE FOR ELECTRIC VEHICLES109
TABLE 23LITHIUM TITANATE OXIDE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)109
TABLE 24LITHIUM TITANATE OXIDE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)110
8.6LITHIUM MANGANESE OXIDE110
8.6.1HIGHER TEMPERATURE STABILITY FUELS DEMAND110
TABLE 25LITHIUM MANGANESE OXIDE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)111
TABLE 26LITHIUM MANGANESE OXIDE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)111
8.7LITHIUM NICKEL COBALT ALUMINUM OXIDE112
8.7.1ADOPTION IN HIGH ENERGY DENSITY APPLICATIONS112
TABLE 27LITHIUM NICKEL COBALT ALUMINUM OXIDE BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)112
TABLE 28LITHIUM NICKEL COBALT ALUMINUM OXIDE BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)113
9LITHIUM-ION BATTERY MARKET, BY CAPACITY114
9.1INTRODUCTION115
FIGURE 41LITHIUM-ION BATTERY MARKET, BY CAPACITY115
FIGURE 423,000-10,000 MAH SEGMENT TO GROW AT HIGHEST CAGR115
TABLE 29LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)116
TABLE 30LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2022–2031 (USD MILLION)116
9.20 – 3,000 MAH117
9.2.1INCREASING ADOPTION IN MINIATURE PORTABLE ELECTRONICS117
TABLE 310-3,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)117
TABLE 320-3,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)118
9.33,000 – 10,000 MAH118
9.3.1DEMAND IN AUTOMOTIVE AND CONSUMER ELECTRONICS118
TABLE 333,000-10,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)119
TABLE 343,000-10,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)119
9.410,000-60,000 MAH120
9.4.1IDEAL FOR E-VEHICLES120
TABLE 3510,000-60,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)120
TABLE 3610,000-60,000 MAH LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)121
9.560,000 MAH AND ABOVE121
9.5.1UTILIZED FOR POWERING HEAVY ELECTRIC VEHICLES121
TABLE 3760,000 MAH AND ABOVE LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)122
TABLE 3860,000 MAH AND ABOVE LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)122
10LITHIUM-ION BATTERY MARKET, BY VOLTAGE123
10.1INTRODUCTION124
FIGURE 43LITHIUM-ION BATTERY MARKET, BY VOLTAGE124
FIGURE 44HIGH (ABOVE 36 V) SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2022124
TABLE 39LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)125
TABLE 40LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2022–2031 (USD MILLION)125
10.2LOW (BELOW 12 V)126
10.2.1INCREASE IN ADOPTION FOR SMALL APPLICATIONS126
10.3MEDIUM (12 V – 36 V)126
10.3.1HIGH ADOPTION FOR MARINE APPLICATIONS126
10.4HIGH (ABOVE 36 V)126
10.4.1DEMAND FOR HIGH POWER APPLICATIONS126
11LITHIUM-ION BATTERY MARKET, BY INDUSTRY127
11.1INTRODUCTION128
FIGURE 45LITHIUM-ION BATTERY MARKET, BY INDUSTRY128
FIGURE 46POWER SEGMENT TO GROW AT HIGHEST CAGR129
TABLE 41LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018-2021 (USD MILLION)129
TABLE 42LITHIUM-ION BATTERY, BY INDUSTRY, 2022–2031 (USD MILLION)130
11.2CONSUMER ELECTRONICS130
11.2.1RISING DEMAND IN VARIOUS APPLICATIONS130
11.2.2SMARTPHONES131
11.2.2.1Demand for lightweight and high-density batteries131
11.2.3UPS131
11.2.3.1Adoption due to longer runtime and faster recharge time131
11.2.4LAPTOPS131
11.2.4.1Low maintenance, scheduled cycling, and display of no memory effect131
11.2.5OTHERS (GAMES, GARDENING TOOLS, AND DRILLING)132
TABLE 43LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2018–2021 (USD MILLION)132
TABLE 44LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2022–2031 (USD MILLION)133
TABLE 45LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY VOLTAGE, 2018–2021 (USD MILLION)133
TABLE 46LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY VOLTAGE, 2022–2031 (USD MILLION)133
TABLE 47LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY CAPACITY, 2018–2021 (USD MILLION)134
TABLE 48LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY CAPACITY, 2022–2031 (USD MILLION)134
TABLE 49LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2018–2021 (USD MILLION)134
TABLE 50LITHIUM-ION BATTERY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2022–2031 (USD MILLION)135
11.3AUTOMOTIVE135
11.3.1DEMAND FOR ELECTRIC VEHICLES135
TABLE 51LITHIUM-ION BATTERY CONFIGURATIONS ACROSS AUTO APPLICATIONS136
11.3.2PLUG-IN HYBRID ELECTRIC VEHICLES136
11.3.2.1Adoption of LTO, LFP, and NMC variants in hybrid electric vehicles136
TABLE 52LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY TYPE, 2018–2021 (USD MILLION)137
TABLE 53LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY TYPE, 2022–2031 (USD MILLION)137
TABLE 54LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY VOLTAGE, 2018–2021 (USD MILLION)138
TABLE 55LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY VOLTAGE, 2022–2031 (USD MILLION)138
TABLE 56LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY CAPACITY, 2018–2021 (USD MILLION)138
TABLE 57LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY CAPACITY, 2022–2031 (USD MILLION)139
TABLE 58LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY REGION, 2018–2021 (USD MILLION)139
TABLE 59LITHIUM-ION BATTERY MARKET FOR AUTOMOTIVE, BY REGION, 2022–2031 (USD MILLION)139
11.4AEROSPACE140
11.4.1DEMAND FOR BACKUP POWER SUPPLIES, EMERGENCY LIGHTING, AUXILIARY POWER EQUIPMENT140
11.4.2COMMERCIAL AIRCRAFT140
11.4.2.1Adoption due to lightweight140
TABLE 60LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY TYPE, 2018–2021 (USD MILLION)140
TABLE 61LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY TYPE, 2022–2031 (USD MILLION)141
TABLE 62LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY VOLTAGE, 2018–2021 (USD MILLION)141
TABLE 63LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY VOLTAGE, 2022–2031 (USD MILLION)141
TABLE 64LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY CAPACITY, 2018–2021 (USD MILLION)142
TABLE 65LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY CAPACITY, 2022–2031 (USD MILLION)142
TABLE 66LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY REGION, 2018–2021 (USD MILLION)142
TABLE 67LITHIUM-ION BATTERY MARKET FOR AEROSPACE, BY REGION, 2022–2031 (USD MILLION)143
11.5MARINE143
11.5.1ADOPTION IN WORKBOATS, FERRIES, OFFSHORE SUPPORT, CRUISE, AND CARGO SHIPS143
11.5.2COMMERCIAL144
11.5.2.1Power supply for longer duration for commercial ships144
11.5.3TOURISM144
11.5.3.1High demand for boats144
TABLE 68LITHIUM-ION BATTERY MARKET FOR MARINE, BY TYPE, 2018–2021 (USD MILLION)144
TABLE 69LITHIUM-ION BATTERY MARKET FOR MARINE, BY TYPE, 2022–2031 (USD MILLION)145
TABLE 70LITHIUM-ION BATTERY MARKET FOR MARINE, BY VOLTAGE, 2018–2021 (USD MILLION)145
TABLE 71LITHIUM-ION BATTERY MARKET FOR MARINE, BY VOLTAGE, 2022–2031 (USD MILLION)145
TABLE 72LITHIUM-ION BATTERY MARKET FOR MARINE, BY CAPACITY, 2018–2021 (USD MILLION)146
TABLE 73LITHIUM-ION BATTERY MARKET FOR MARINE, BY CAPACITY, 2022–2031 (USD MILLION)146
TABLE 74LITHIUM-ION BATTERY MARKET FOR MARINE, BY REGION, 2018–2021 (USD MILLION)146
TABLE 75LITHIUM-ION BATTERY MARKET FOR MARINE, BY REGION, 2022–2031 (USD MILLION)147
11.6MEDICAL147
11.6.1ADOPTION IN HEARING AIDS, PACEMAKERS, AND SURGICAL TOOLS147
TABLE 76LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY TYPE, 2018–2021 (USD MILLION)148
TABLE 77LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY TYPE, 2022–2031 (USD MILLION)148
TABLE 78LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY VOLTAGE, 2018–2021 (USD MILLION)148
TABLE 79LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY VOLTAGE, 2022–2031 (USD MILLION)149
TABLE 80LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY CAPACITY, 2018–2021 (USD MILLION)149
TABLE 81LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY CAPACITY, 2022–2031 (USD MILLION)149
TABLE 82LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY REGION, 2018–2021 (USD MILLION)149
TABLE 83LITHIUM-ION BATTERY MARKET FOR MEDICAL, BY REGION, 2022–2031 (USD MILLION)150
11.7INDUSTRIAL150
11.7.1DEMAND FOR VARIOUS INDUSTRIAL APPLICATIONS150
11.7.2MINING EQUIPMENT150
11.7.2.1Demand for mining equipment and vehicles150
11.7.3CONSTRUCTION EQUIPMENT151
11.7.3.1Performance and efficiency of construction equipment151
11.7.4FORKLIFTS, AUTOMATED GUIDED VEHICLES (AGV), AND AUTOMATED MOBILE ROBOTS (AMR)151
11.7.4.1Demand for automated guided vehicles (AGV) and automated mobile robots (AMR)151
TABLE 84LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY TYPE, 2018–2021 (USD MILLION)151
TABLE 85LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY TYPE, 2022–2031 (USD MILLION)152
TABLE 86LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY VOLTAGE, 2018–2021 (USD MILLION)152
TABLE 87LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY VOLTAGE, 2022–2031 (USD MILLION)152
TABLE 88LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY CAPACITY, 2018–2021 (USD MILLION)153
TABLE 89LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY CAPACITY, 2022–2031 (USD MILLION)153
TABLE 90LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY REGION, 2018–2021 (USD MILLION)153
TABLE 91LITHIUM-ION BATTERY MARKET FOR INDUSTRIAL, BY REGION, 2022–2031 (USD MILLION)154
11.8POWER154
11.8.1SMART GRIDS TO DRIVE MARKET154
TABLE 92LITHIUM-ION BATTERY MARKET FOR POWER, BY TYPE, 2018–2021 (USD MILLION)155
TABLE 93LITHIUM-ION BATTERY MARKET FOR POWER, BY TYPE, 2022–2031 (USD MILLION)155
TABLE 94LITHIUM-ION BATTERY MARKET FOR POWER, BY VOLTAGE, 2018–2021 (USD MILLION)155
TABLE 95LITHIUM-ION BATTERY MARKET FOR POWER, BY VOLTAGE, 2022–2031 (USD MILLION)156
TABLE 96LITHIUM-ION BATTERY MARKET FOR POWER, BY CAPACITY, 2018–2021 (USD MILLION)156
TABLE 97LITHIUM-ION BATTERY MARKET FOR POWER, BY CAPACITY, 2022–2031 (USD MILLION)156
TABLE 98LITHIUM-ION BATTERY MARKET FOR POWER, BY REGION, 2018–2021 (USD MILLION)156
TABLE 99LITHIUM-ION BATTERY MARKET FOR POWER, BY REGION, 2022–2031 (USD MILLION)157
11.9TELECOMMUNICATIONS157
11.9.1OUTSTANDING CYCLIC LIFE, EXCELLENT CHARGE ACCEPTANCE, AND HIGH RELIABILITY157
TABLE 100LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2018–2021 (USD MILLION)158
TABLE 101LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2022–2031 (USD MILLION)158
TABLE 102LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY VOLTAGE, 2018–2021 (USD MILLION)158
TABLE 103LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY VOLTAGE, 2022–2031 (USD MILLION)159
TABLE 104LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY CAPACITY, 2018–2021 (USD MILLION)159
TABLE 105LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY CAPACITY, 2022–2031 (USD MILLION)159
TABLE 106LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY REGION, 2018–2021 (USD MILLION)160
TABLE 107LITHIUM-ION BATTERY MARKET FOR TELECOMMUNICATIONS, BY REGION, 2022–2031 (USD MILLION)160
12LITHIUM-ION BATTERY MARKET, BY REGION161
12.1INTRODUCTION162
FIGURE 47AUSTRALIA TO EXHIBIT HIGHEST CAGR IN GLOBAL LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD163
TABLE 108LITHIUM-ION BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)163
TABLE 109LITHIUM-ION BATTERY MARKET, BY REGION, 2022–2031 (USD MILLION)163
12.2NORTH AMERICA164
FIGURE 48NORTH AMERICA: LITHIUM-ION BATTERY MARKET SNAPSHOT165
FIGURE 49US DOMINATES NORTH AMERICAN LITHIUM-ION BATTERY MARKET166
TABLE 110NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)166
TABLE 111NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2022–2031 (USD MILLION)166
TABLE 112NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)167
TABLE 113NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)167
TABLE 114NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)167
TABLE 115NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)168
12.2.1US168
12.2.1.1Power and automotive industries to substantiate lithium-ion battery market growth168
12.2.2CANADA169
12.2.2.1Canada expected to record highest CAGR in region169
12.2.3MEXICO169
12.2.3.1Growing demand for lithium-ion batteries from manufacturing sector169
12.3EUROPE170
FIGURE 50EUROPE: LITHIUM-ION BATTERY MARKET SNAPSHOT171
FIGURE 51FRANCE TO DRIVE GROWTH OF LITHIUM-ION MARKET172
TABLE 116EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)172
TABLE 117EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2022–2031 (USD MILLION)172
TABLE 118EUROPE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)173
TABLE 119EUROPE: LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)173
TABLE 120EUROPE: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)173
TABLE 121EUROPE: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)174
12.3.1GERMANY174
12.3.1.1Large presence of electric vehicle and battery manufacturers174
12.3.2UK175
12.3.2.1Rising government initiatives for growth of electric vehicles industry175
12.3.3FRANCE175
12.3.3.1Growing need to store electricity driving market growth175
12.3.4REST OF EUROPE176
12.4ASIA PACIFIC176
FIGURE 52ASIA PACIFIC: LITHIUM-ION BATTERY MARKET SNAPSHOT177
FIGURE 53CHINA HAS LARGEST SHARE OF LITHIUM-ION BATTERY MARKET178
TABLE 122ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)178
TABLE 123ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2022–2031 (USD MILLION)179
TABLE 124ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)179
TABLE 125ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)179
TABLE 126ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)180
TABLE 127ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)180
12.4.1CHINA181
12.4.1.1China had largest market share181
12.4.2JAPAN181
12.4.2.1Expansion of R&D resources by battery giants supports market growth181
12.4.3INDIA182
12.4.3.1Rising adoption of electric transport182
12.4.4AUSTRALIA182
12.4.4.1Growing adoption of clean energy to drive lithium-ion battery market182
12.4.5INDONESIA183
12.4.5.1Easy availability of raw materials183
12.4.6THAILAND183
12.4.6.1Rising focus on production of electric vehicles183
12.4.7REST OF ASIA PACIFIC184
12.5REST OF THE WORLD184
FIGURE 54SOUTH AMERICA TO DOMINATE LITHIUM-ION BATTERY MARKET IN REST OF THE WORLD184
TABLE 128REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)185
TABLE 129REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY REGION, 2022–2031 (USD MILLION)185
TABLE 130REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)185
TABLE 131REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY TYPE, 2022–2031 (USD MILLION)186
TABLE 132REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)186
TABLE 133REST OF THE WORLD: LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2022–2031 (USD MILLION)187
12.5.1MIDDLE EAST & AFRICA187
12.5.1.1Increasing investments in advanced technologies for producing renewable and green energy187
12.5.2SOUTH AMERICA188
12.5.2.1Rising investments in lithium reserves and mining sector188
13COMPETITIVE LANDSCAPE189
13.1INTRODUCTION189
TABLE 134KEY DEVELOPMENTS IN LITHIUM-ION BATTERY MARKET (2019–2022)189
13.2REVENUE ANALYSIS OF TOP COMPANIES191
FIGURE 55LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS (2021)191
13.3MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021191
TABLE 135LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION191
13.4COMPANY EVALUATION QUADRANT, 2021193
13.4.1STARS193
13.4.2EMERGING LEADERS193
13.4.3PERVASIVE PLAYERS193
13.4.4PARTICIPANTS193
FIGURE 56LITHIUM-ION BATTERY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021194
13.5SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021195
13.5.1PROGRESSIVE COMPANIES195
13.5.2RESPONSIVE COMPANIES195
13.5.3DYNAMIC COMPANIES195
13.5.4STARTING BLOCKS195
FIGURE 57LITHIUM-ION BATTERY MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021196
13.6LITHIUM-ION BATTERY MARKET: COMPANY FOOTPRINT197
TABLE 136COMPANY PRODUCT FOOTPRINT197
TABLE 137COMPANY INDUSTRY FOOTPRINT198
TABLE 138COMPANY REGION FOOTPRINT199
TABLE 139COMPANY FOOTPRINT200
13.7COMPETITIVE BENCHMARKING201
TABLE 140LITHIUM-ION BATTERY MARKET: DETAILED LIST OF KEY STARTUP/SMES201
TABLE 141LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES202
13.8COMPETITIVE SCENARIO AND TRENDS204
13.8.1PRODUCT LAUNCHES204
TABLE 142LITHIUM-ION BATTERY MARKET: PRODUCT LAUNCHES, SEPTEMBER 2019 TO MARCH 2022204
13.8.2DEALS206
TABLE 143LITHIUM-ION BATTERY MARKET: DEALS, MAY 2019–SEPTEMBER 2021206
13.8.3OTHERS211
TABLE 144LITHIUM-ION BATTERY MARKET: DEALS, SEPTEMBER 2020–FEBRUARY 2022211
14COMPANY PROFILES212
14.1KEY PLAYERS212
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
14.1.1BAK POWER BATTERY CO., LTD.212
TABLE 145BAK POWER BATTERY CO., LTD.: BUSINESS OVERVIEW212
TABLE 146BAK POWER BATTERY CO., LTD.: PRODUCT OFFERING212
14.1.2BYD COMPANY LTD.214
TABLE 147BYD COMPANY LTD.: BUSINESS OVERVIEW214
FIGURE 58BYD COMPANY LTD.: COMPANY SNAPSHOT215
TABLE 148BYD COMPANY LTD.: PRODUCT OFFERING215
14.1.3CLARIOS219
TABLE 149CLARIOS: BUSINESS OVERVIEW219
TABLE 150CLARIOS: PRODUCT OFFERING219
14.1.4CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.220
TABLE 151CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: BUSINESS OVERVIEW220
FIGURE 59CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: COMPANY SNAPSHOT221
TABLE 152CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: PRODUCT OFFERING221
14.1.5GS YUASA INTERNATIONAL LTD.223
TABLE 153GS YUASA INTERNATIONAL LTD.: BUSINESS OVERVIEW223
FIGURE 60GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT224
TABLE 154GS YUASA INTERNATIONAL LTD.: PRODUCT OFFERING224
14.1.6HITACHI LTD.227
TABLE 155HITACHI LTD.: BUSINESS OVERVIEW227
FIGURE 61HITACHI LTD.: COMPANY SNAPSHOT228
TABLE 156HITACHI LTD.: PRODUCT OFFERING228
14.1.7LG CHEM230
TABLE 157LG CHEM: BUSINESS OVERVIEW230
FIGURE 62LG CHEM: COMPANY SNAPSHOT231
TABLE 158LG CHEM: PRODUCT OFFERING231
14.1.8PANASONIC HOLDINGS CORPORATION235
TABLE 159PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW235
FIGURE 63PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT236
TABLE 160PANASONIC HOLDINGS CORPORATION: PRODUCT OFFERING237
14.1.9SAMSUNG SDI CO. LTD240
TABLE 161SAMSUNG SDI CO. LTD.: BUSINESS OVERVIEW240
FIGURE 64SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT241
TABLE 162SAMSUNG SDI CO. LTD.: PRODUCT OFFERING241
14.1.10TOSHIBA CORPORATION243
TABLE 163TOSHIBA CORPORATION: BUSINESS OVERVIEW243
FIGURE 65TOSHIBA CORPORATION: COMPANY SNAPSHOT244
TABLE 164TOSHIBA CORPORATION: PRODUCT OFFERING244
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
14.2OTHER PLAYERS247
14.2.1CALB247
14.2.2TESLA, INC.248
14.2.3LITHIUMWERKS249
14.2.4SAFT250
14.2.5VARTA AG251
14.2.6FARASIS ENERGY (GANZHOU)CO., LTD.252
14.2.7SILA NANOTECHNOLOGIES INC.253
14.2.8AMPEREX TECHNOLOGY LIMITED253
14.2.9ENVISION AESC GROUP LTD254
14.2.10GUOXUAN HIGH TECH CO., LTD.254
14.2.11LITHIUM ENERGY JAPAN255
14.2.12ENERDEL, INC.255
14.2.13KOKAM256
14.2.14IPOWER BATTERIES PVT LTD257
14.2.15NEXTERA ENERGY, INC.257
15ADJACENT AND RELATED MARKETS258
15.1INTRODUCTION258
15.2LIMITATIONS258
15.3BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY259
15.3.1INTRODUCTION259
TABLE 165BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)259
TABLE 166BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)259
15.3.2BELOW 100 MWH260
15.3.2.1Growing demand in residential applications260
TABLE 167BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2018–2021 (USD MILLION)260
TABLE 168BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2022–2027 (USD MILLION)261
TABLE 169BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2018–2021 (USD MILLION)261
TABLE 170BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2022–2027 (USD MILLION)261
TABLE 171BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY APPLICATION, 2018–2021 (USD MILLION)262
TABLE 172BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY APPLICATION, 2022–2027 (USD MILLION)262
15.3.3BETWEEN 100 AND 500 MWH262
15.3.3.1Batteries between 100 and 500 MWH have necessitated frequency control services262
TABLE 173BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2018–2021 (USD MILLION)263
TABLE 174BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2022–2027 (USD MILLION)263
TABLE 175BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2018–2021 (USD MILLION)263
TABLE 176BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2022–2027 (USD MILLION)264
TABLE 177BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY APPLICATION, 2018–2021 (USD MILLION)264
TABLE 178BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY APPLICATION, 2022–2027 (USD MILLION)264
15.3.4ABOVE 500 MWH265
15.3.4.1Large-scale battery storage systems help continuity of power distributi

Report Title: Lithium-ion Battery Market by Type (Lithium Nickel Manganese Cobalt Oxide (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO)), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Aerospace) – Global Forecast to 2031


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