Lithium-Ion Battery Market Projected to reach worth $116.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
According to the new market research report “Lithium-Ion Battery Market with COVID-19 Impact Analysis“, by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Power, Industrial), & Region (North America, Europe, APAC & RoW) – Global Forecast to 2030”, The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030.
LG Chem, Ltd., a subsidiary company of LG Corporation, is one of the worlds largest lithium-ion battery manufacturers. It provides large and mid-sized rechargeable lithium-ion batteries for automotive, power, consumer electronics, medical devices, and other applications. The company’s advanced lithium-ion battery technology is the product of 25 years of experience in the development and production of mobile batteries and large format batteries for automotive and energy storage systems (ESS).
Samsung SDI is engaged in the manufacture and sale of secondary lithium-ion batteries and cells. The company started its secondary Li-ion battery business in 2000; since then, Li-ion battery manufacturing has become Samsung SDI’s core business. The company’s wide product portfolio comprises small lithium-ion batteries, automotive batteries and energy storage systems, chemicals, and electronic materials.
Contemporary Amperex Technology Co., Ltd. (CATL) is engaged in the research, development, production, and sale of power battery systems and energy storage systems of new energy and green vehicles. Its products and services include lithium battery materials, battery cells, battery management systems, battery recycling, and reuse.
10,000–60,000 MAh Lithium-ion battery expected to contribute the largest share to the lithium-ion battery market during the forecast period.
The 10,000–60,000 MAh segment accounted for the largest market share in 2020. Li-ion batteries with a capacity of more than 10,000 mAh are used for applications requiring high capacity, such as electric vehicles, plug-in hybrid electric vehicles, e-motorcycles, material handling equipment, marine, robots, industrial, telecommunication systems, electronic cash registers, standby power supplies, golf cart vehicles, hybrid trucks, buses, smart grid, aviation industry, automated guided vehicle, yachts, solar backup power, energy storage system (ESS) platforms, military applications, low earth orbit (LEO), medium earth orbit (MEO), and geostationary or geosynchronous orbit (GEO) satellites, and launch vehicles.
