Global Lithium-ion (Li-ion) Batteries Market, Forecast to 2025

Global Lithium-ion (Li-ion) Batteries Market, Forecast to 2025

Cumulative Sales of Li-ion Batteries Globally will Exceed $629.22 Billion by 2025

RELEASE DATE
18-Oct-2019
REGION
North America
Research Code: PAAC-01-00-00-00
SKU: EG02023-GL-MR_23682

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Description

The global Lithium-ion battery market by application (grid + energy storage, automotive, industrial, and consumer electronics) and by region (North America, Europe, APAC, and Rest-of-the-world) is expected to grow at a compound annual growth rate (CAGR) of 17.9% during 2018–2025. Market growth is fuelled by rising demand for energy storage across the globe, growing electric vehicles (EV) adoption, and the demand for industrial power tools and electric forklifts in developed regions. However, safety concerns surrounding Li-ion batteries will challenge the growth of the market in the short term. Technological advancements are directed towards addressing this challenge, which includes alternate chemistries and solid-state batteries research.

APAC is the largest market, globally. Rising EV adoption in China, the global market leader for EV, is expected to drive the demand for Li-ion batteries throughout the forecast period. Demand from storage applications in key countries, including South Korea, Japan, India, and Australia, is likely to fuel the growth of the batteries market during the forecast period.

In 2018, the automotive segment accounted for 38.3% of the total market, driven by the growing demand for EV, including passenger vehicles, trucks, and buses, globally. China, Norway, the United States, the United Kingdom, Germany, France, and the Netherlands are the key countries driving demand for EV batteries. Many production facilities are expected to be commissioned in Europe during the forecast period to address the growing demand for EV batteries in the region.

Asian participants will dominate the market. LG Chemical, Panasonic, Samsung, and CATL are the top 4 battery manufacturers. Their aggressive target for production capacity expansion will assist in retaining their market-leading positions throughout the forecast period. Installed production capacity of the top 10 suppliers will increase from 150 GWh in 2018 to about 740 GWh by 2025, growing at a CAGR of 25.6%.

Solid-state batteries will see an increase in adoption beyond 2025. Solid-state battery start-ups have emerged as a result of a lot of investments from various automotive giants going into these companies. Such growth is attributed to their enhanced safety features, higher voltage and output than existing batteries, and the ability to operate at both low and high temperature conditions.

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • Are the existing competitors structured well to meet customer needs?
  • Which are the major growth regions for Li-ion batteries globally?
  • What are the growth opportunities in the global market for Li-ion battery manufacturers?
  • Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?

Author: Rajalingam Arikaarampalayam Chinnasamy

Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Market Scope

Market Definitions

Key Questions this Study will Answer

Li-ion Battery Chemistry Overview

Beyond 2025—Solid-state Batteries

Li-ion Battery Production Overview

Global Battery Manufacturing Capacity

Market Segmentation by End Users

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Price Forecast

Price Forecast Discussion

Percent Revenue Forecast by Region

Revenue Forecast by Region

Global Hotspots

Revenue Forecast Discussion by Region

Revenue Forecast by End Users

Revenue Forecast Discussion by End Users

Market Share

Market Share Analysis

Competitive Environment

Growth Opportunity 1—Solid-state Batteries

Growth Opportunity 2—New Manufacturing Destinations

Growth Opportunity 3—Partnerships

Strategic Imperatives for Success and Growth

Key Findings

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Storage Application

Key Findings

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Revenue Forecast Discussion (continued)

Key Findings

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Key Findings

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by End Users

Revenue Forecast Discussion by End Users

Competitive Environment

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Revenue Forecast by End Users

Revenue Forecast Discussion by End Users

Competitive Environment

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by End Users

Revenue Forecast Discussion by End Users

Revenue Forecast Discussion by End Users (continued)

Competitive Environment

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by End Users

Revenue Forecast Discussion by End Users

Revenue Forecast Discussion by End Users (continued)

Competitive Environment

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies in ‘Others’

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The global Lithium-ion battery market by application (grid + energy storage, automotive, industrial, and consumer electronics) and by region (North America, Europe, APAC, and Rest-of-the-world) is expected to grow at a compound annual growth rate (CAGR) of 17.9% during 2018–2025. Market growth is fuelled by rising demand for energy storage across the globe, growing electric vehicles (EV) adoption, and the demand for industrial power tools and electric forklifts in developed regions. However, safety concerns surrounding Li-ion batteries will challenge the growth of the market in the short term. Technological advancements are directed towards addressing this challenge, which includes alternate chemistries and solid-state batteries research. APAC is the largest market, globally. Rising EV adoption in China, the global market leader for EV, is expected to drive the demand for Li-ion batteries throughout the forecast period. Demand from storage applications in key countries, including South Korea, Japan, India, and Australia, is likely to fuel the growth of the batteries market during the forecast period. In 2018, the automotive segment accounted for 38.3% of the total market, driven by the growing demand for EV, including passenger vehicles, trucks, and buses, globally. China, Norway, the United States, the United Kingdom, Germany, France, and the Netherlands are the key countries driving demand for EV batteries. Many production facilities are expected to be commissioned in Europe during the forecast period to address the growing demand for EV batteries in the region. Asian participants will dominate the market. LG Chemical, Panasonic, Samsung, and CATL are the top 4 battery manufacturers. Their aggressive target for production capacity expansion will assist in retaining their market-leading positions throughout the forecast period. Installed production capacity of the top 10 suppliers will increase from 150 GWh in 2018 to about 740 GWh by 2025, growing at a CAGR of 25.6%. Solid-state batteries will see an increase in adoption beyond 2025. Solid-state battery start-ups have emerged as a result of a lot of investments from various automotive giants going into these companies. Such growth is attributed to their enhanced safety features, higher voltage and output than existing batteries, and the ability to operate at both low and high temperature conditions.--BEGIN PROMO--

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • Are the existing competitors structured well to meet customer needs?
  • Which are the major growth regions for Li-ion batteries globally?
  • What are the growth opportunities in the global market for Li-ion battery manufacturers?
  • Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?

Author: Rajalingam Arikaarampalayam Chinnasamy

More Information
No Index No
Podcast No
Author Rajalingam Chinnasamy
Industries Energy
WIP Number PAAC-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9AFF-A4,9B00-A4,9852