Global Lithium Ion Cell and Battery Pack Market: Snapshot
The lithium ion cell and battery pack market is gaining momentum as lithium-ion batteries offer advantages of higher efficiency and longer lifespan over other batteries such as lead acid ones. The rising demand for electronics with improved battery life and superior performance is expected to stir demand for lithium-ion batteries among manufacturers of consumer electronics. This is because lithium-ion batteries satisfy the demand for high power density needed by handheld devices for wireless data transmission and brighter resolution.
The increasing use of lithium ion batteries in barcode and RFID scanners due to their high energy density is also influencing the growth of lithium ion cell and battery packs market. Furthermore, the use of these batteries is rapidly gaining momentum in automotive, industrial, and energy sectors with the rising shift for sustainable clean fuels.
However, factors such as high prices of lithium-ion batteries that make them unsustainable for prolonged use such as in electric vehicles and their lower thermal stability are restraining the market’s growth.
The global lithium ion cell and battery pack market is expected to grow at a CAGR of 12.0% between 2017 and 2025. The market stood at a valuation of US$32.17 bn in 2016 and is expected to reach a valuation of US$88.92 bn by 2025.
Consumer Electronics Application Segment to Continue to Lead in Coming Years
In terms of power capacity, the lithium ion cell and battery pack market has been segmented into 5-25 Wh, 48-95 Wh, 18-28 KWh, 100-250 KWh, more than 300 KWh. Among these, 100-250 KWh stood as the most attractive segment in 2016 based on power capacity. The growth of this segment is primarily driven by demand for high capacity batteries for specific applications such as in high loading electric vehicles. The 18-28 KWh and more than 300 KWh segments are also expected to display considerable growth due to their applications in grid energy production.
In terms of pack type, series battery pack, parallel battery pack, and others are the segments into which the lithium ion cell and battery pack market is divided. The other battery pack stood as the leading segment in 2016 commanding a share of 83.9% in the overall market. The other battery pack segment is expected to lead throughout the forecast period attributed to their extensive applications across industry verticals. On the other hand, series and parallel battery packs have lower market shares due to their specific applications.
On the basis of shape, cylindrical, polygon, prismatic, and coin among others are segments into which the lithium ion cell and battery pack market is segmented.
By application, the market has been segmented into consumer electronics, medical, automotive, grid energy, and industrial among others. Consumer electronics leads the lithium ion cell and battery pack market with the segment holding 57.5% of the market in 2016. The segment is expected to lead over the forecast period due to their increasing application in consumer electronics.
Asia Pacific Attracts Investments from Global Players
North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa are the segments into which the lithium ion cell and battery pack market is divided based on geography. In 2016, Asia Pacific contributed the leading revenue of almost 72.3% to the overall market in 2016. The expanding consumer electronics, automotive, and grid energy supplies exhibit a substantial demand for lithium-ion batteries is attracting investments from key market players.
Some of the top companies operating in the global lithium ion cell and battery pack market are Panasonic Corporation, Samsung SDI Co. Ltd., Toshiba Corporation, Hitachi Chemical Co. Ltd., Automotive Energy Supply Corporation, GS Yuasa International Ltd., Johnson Controls Inc., Shenzhen BAK Battery Co. Ltd., Future Hi-Tech Batteries Limited, Tianjin Lishen Battery Co. Ltd., Hunan Shanshan Toda Advanced Materials Co. Ltd., LG Chem, Power Inc., Amperex Technology Ltd., and Pulaed Technology Industry Co. Ltd. among others.
Global Lithium Ion Cell and Battery Pack Market: Scope of Study
The key players in the lithium ion cell and battery pack market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of lithium ion cell and battery pack. Further, the report includes the market attractiveness analysis of different power capacityof lithium ion cell and battery packand insight into the pack type, shape and application of the lithium ion cell and battery pack.
The report also offers assessment of different drivers that is impacting the global market, along with the restraints and opportunities that has also been covered under the scope of this research. For each segment (such as power capacity, pack type, shape and application), market dynamics analysis has been provided. All these factors help in determining different trends that has been impacting the overall market growth. Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of lithium ion cell and battery pack market along with the overall assessment for the forecast period of 2017-2025 has been also been provided within this report.Moreover, the report includes the patents analysis is also included in the scope of the research.
Global Lithium Ion Cell and Battery Pack Market: Market Dynamics
The consumption of lithium ion cell and battery pack for the alternate fuels in commercial vehicles and increasing sustainable practices in organizations are generating positive outlook for lithium-ion batteries.Lithium-ion batteries are increasingly getting utilized in the many energy plants, companies and campuses as the source of clean power. The government restriction on the use of natural resources causing carbon emission has helped in the shift of temperament from petroleum fuels to clean fuels. These fctors are drvining the market for lithium ion cell and battery pack market globally. The lithium ion cell and battery pack market is growing rapidly driven by the demand from electric vehicles sector. In addition, lithium ion battery have huge potential in the handheld devices for satisfying the increasing demand of high power density required for wireless transmission of data and brighter resolution. These factors raecontributing in the positive development of the lithium ion cell and battery pack market.other industrial hand-held devices such as GSM/GPRS and RFID communications, LED flash, thermal printers, bar code scanners, display refreshes, GPS chips, hard disk drives and audio amplifiers can also be operated more efficiently with the help of lithium ion battery. Increasing adoption of lithium ion batteries in different industries are having a positive impact on the market ans is anticipated to positively impact the over the forecast period.
Global Lithium Ion Cell and Battery Pack Market: Market Segmentation
Based on power capacity, the market for lithium ion cell and battery pack has been segmented into 5–25 Wh, 48-95 Wh, 18-28 KWh, 100-250 KWh, More than 300 KWh. By pack type, the market for lithium ion cell and battery pack has been segmented into Series Battery Pack and Parallel Battery Pack. By battery shape, the market for lithium ion cell and battery pack has been segmented into cylindrical, prismatic, polygon, coin among others.On the basis of application, the market has been segmented into consumer electronics, automotive, medical, grid energy and industrial among others.By geography, the market is segmented into Europe, Asia Pacific, North America, Latin America and Middle-East & Africa (MEA). By revenue, Asia Pacific accounted for the largest share in the lithium ion cell and battery pack market in 2016.
Global Lithium Ion Cell and Battery Pack Market: Competitive Landscape
Some of the leading players in the market are Samsung SDI Co. Ltd. (South Korea), Panasonic Corporation (Japan), LG Chem Power, Inc. (The U.S.), Toshiba Corporation (Japan), Hitachi Chemical Co. Ltd. (Japan), Automotive Energy Supply Corporation (Japan), GS Yuasa International Ltd. (Japan), Johnson Controls, Inc. (The U.S.), Shenzhen BAK Battery Co., Ltd. (China), Future Hi-Tech Batteries Limited (India), BYD Co. Ltd. (China), Tianjin Lishen Battery Co. Ltd. (China), Amperex Technology Ltd. (Hong Kong), Hunan Shanshan Toda Advanced Materials Co. Ltd. (China) and Pulead Technology Industry Co., Ltd. (China) among others.
The global lithium ion cell and battery pack market has been segmented as follows:
Global Lithium Ion Cell and Battery Pack Market by Power Capacity
- 5–25 Wh
- 48-95 Wh
- 18-28 KWh
- 100-250 KWh
- More than 300 KWh
Global Lithium Ion Cell and Battery Pack Market by Pack Type
- Series Battery Pack
- Parallel Battery Pack
Global Lithium Ion Cell and Battery Pack Market by Shape
Global Lithium Ion Cell and Battery Pack Market by Application
- Consumer Electronics
- Digital Camera
- Automatic Identification & Data Capture
- Barcode Scanner
- Handheld Scanner
- RFID Scanner
- Mobile Computers
- Other AIDC Devices
- Other Consumer Electronic Devices
- Grid Energy and Industrial
Global Lithium Ion Cell and Battery Pack Market by Region
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East &Africa
- United Arab Emirates
- South Africa
- Rest of Middle-East & Africa
- Latin America
- Rest of Latin America