Lithium Ion Battery Market Projected to Grow at a Steady Pace During 2020-2025

The LITHIUM-ION BATTERY Market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

Some key takeaways from this report –

The report offers key drivers that trigger the growth in the LITHIUM-ION BATTERY Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

The research offers segment wise analysis of the LITHIUM-ION BATTERY Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

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LITHIUM-ION BATTERY Market by Resin Type:

Lithium-ion battery market is likely to witness an impressive CAGR of 16.1% during the forecast period. The major demand for lithium-ion batteries is mainly driven by the increasing demand for consumer electronic products, which is bolstering the growth of the market.

LITHIUM-ION BATTERY Market by Material Type

Based on the material type, the market is segmented as lithium nickel manganese cobalt oxide, lithium iron phosphate, lithium cobalt oxide, lithium titanate oxide, lithium manganese oxide, and lithium nickel cobalt aluminum oxide. The lithium nickel manganese cobalt oxide segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The higher share of the segment is attributed to the growing demand for lithium nickel manganese cobalt oxide used in batteries of mobile phones, laptops, automotive, tablets, power tools, and electrical storage systems.

LITHIUM-ION BATTERY Market by Regional Insights:

In terms of regions, Asia-Pacific is estimated to be the largest market for lithium-ion batteries during the forecast period. The Asia-Pacific’s market is expected to expand with a lucrative CAGR owing to the well-established consumer electronics market in the region, especially in China. Further, the demand from the automotive industry in the region will also augment the regional growth. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Key Players:

Some of the key players in the LITHIUM-ION BATTERY market are-

  • BYD Company
  • LG Chem
  • Panasonic Corporation
  • Samsung SDI
  • BAK Group
  • GS Yuasa Corporation
  • Hitachi
  • Johnson Controls
  • Toshiba Corporation
  • Lithium Werks

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