Lithium Ion Battery Market Size, Share, and Growth 2025

Lithium Ion Battery Market to 2025 - Global Analysis and Forecasts Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt Oxide, Lithium Manganese Oxide, Lithium Titanate Oxide), by Power Capacity (0 - 3000mAh, 3000 - 10000mAh, 10000mAh - 60000mAh, and >60000mAh), by Application (Consumer Electronics, Automotive, Industrial, Energy Storage Systems, Aerospace & defense, Medical Devices, and Others)

Publication Month : Sep 2018

  • Report Code : TIPTE100001053
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 151
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The Lithium ion battery market is anticipated to reach US $71.0 billion by 2025 from US$ 26.9 billion in 2018 thereby registering a moderate CAGR growth rate of 14.9% during the forecast period.


The Lithium ion battery based on their power ratings provide power supply across significantly vast range of commercial, residential and industrial applications. Further, through the advancement in technology has facilitated in batteries with improved energy efficiencies and charging periods. Over the last few years, they have played a major role in the growth and evolution of the energy, automotive and electronic appliances sectors. While multiple technologies exist encompassing pump-hydro, compressed air, flywheels and batteries; Li-ion technologies have provided the energy and power requirements to meet the technical demands of these three sectors. The South America Lithium ion battery market region is expected to witness a CAGR growth rate of 15.7% in the coming years. Thus, the Lithium ion battery market is expected to witness significant growth opportunities in the coming years.

Lithium Ion Battery Market by Region

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Market Insights


Surge in volume of consumer electronic devices globally


A lithium-ion battery is a type of rechargeable battery with greater stability and safety along with more energy capacity compared to other commercially available batteries. The production on a lithium-ion battery is ramping up owing to the surging demand from electric vehicles, consumer electronics, and energy storage systems. It is extensively used in a wide range of electronic devices such as mobile phones, laptops, iPods, and PDA's including many others. Also, uses of lithium-ion battery comprise of radio-controlled hobby vehicles, notebooks, portable vaporizer, drones, and UAV. Currently, connected and smart consumer products are much in demand as compared to simple electronic products and purely mechanical devices. However, in such smart devices battery is the key power capacity taken into consideration while designing products. As a result, Li-ion batteries are the popular choice for consumer electronic products owing to their design flexibility, recharge ability, and ease of getting fit in a custom size. Thus, the Lithium ion batteries is poised to provide numerous profitable business opportunities for the market players in the coming years.

Continuous investment towards development of improved efficiencies of Li-ion batteries


The Li-ion batteries are used in a wide range of applications such as consumer electronics, automotive, energy storage systems, aerospace & defense, and medical & healthcare. These industries highly depend on Li-ion battery for powering electronic devices, medical devices, power systems, and electric vehicles including many others. Lightweight is the major concern while choosing the batteries for the range of applications in order to reduce the product weight. Li-ion batteries are a quarter of the weight of lead-acid batteries, thus, the preferred solution for high-performance products. As a result, the continuous investment towards research & development of superior battery materials, cells, and battery recharging technologies by numerous leading market players are expected continue to provide numerous profitable opportunities for the market players in the coming years. Subsequently, the driving the growth of the lithium ion battery market in the forecast period.

Battery Type Insight


In the global Lithium ion battery market, the continuous research and development in the field of lithium cobalt oxide battery with an objective to improve the cathode and electrolyte solutions is facilitating the growth of lithium cobalt oxide (LCO) based batteries. Moreover, the high energy capacities coupled with their large scope of application in consumer electronics is further expected to boost the segment growth in the forecast period. The consumer electronics is increasing rapidly in the developed countries as well as developing economies, thereby, creating a substantial demand for lithium cobalt oxide batteries. This factor is furnishing the lithium ion battery market growth in the recent times, and the same trend is anticipated to help the lithium ion battery market to soar in the future from 2018 - 2025. Johnson Matthey Battery Systems and Nichia Corporation are globally renowned lithium cobalt oxide battery manufacturers

Region Insight


The production of lithium ion batteries production in Asia has witnessed surge owing to significant demand in the region along with easy availability of raw materials. Australia is considered to be the largest supplier of lithium to China, Japan and South Korea. In some of the recent developments in the Lithium Ion battery market observed in Asian region is Honda partnering with Panasonic to provide portable lithium ion batteries for cars, motorcycles, robots, and other uses. Honda is seeking to establish deeper cross domain partnerships as the lithium ion battery market in Asia Pacific for the lithium ion batteries is highly developed. Also, the two companies i.e. Honda and Panasonic have planned to develop a technology where the same lithium ion battery would be able to use in multiple ways and the testing for this project has started in Indonesia. Also, the Japanese giant automaker Mazda has announced its plans to develop small lithium ion batteries in partnership with chemical maker Ube, and storage battery startup Eliiy Power. In another development, Tesla, developed one of the world's largest lithium ion battery plant in South Australia. The Asia-Pacific Lithium ion battery market is expected to grow with a attractive CAGR growth rate of 14.6% from 2018 to 2025.

Lithium ion battery Market by Automotive


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Lithium Ion Battery Market: Strategic Insights

lithium-ion-battery-market
Market Size Value inUS$ 26.9 Billion in 2018
Market Size Value byUS$ 71.0 Billion by 2025
Growth rateCAGR of 14.9% from 2019-2025
Forecast Period2019-2025
Base Year2019
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The new development was observed as the most adopted strategy in global lithium ion battery market. Few of the recent strategies by some of the players Lithium ion battery market landscape are listed below
2018:NEC Corporation and Nissan Motor Co., Ltd. stated about the transfer of lithium ion battery business to Envision Electrodes Corporation Ltd. under this all shares of Automotive Energy Supply Corporation ("AESC") owned by NEC and NEC Energy Devices will be transferred to Nissan Motor Co., Ltd. ("Nissan"), thereby enabling Nissan to transfer all shares of AESC to Envision Electrodes Corporation Ltd.
2018:Samsung SDI launched its new ESS product, including high-capacity 111Ah (Ampere hour) ESS battery cell, in which the energy density is substantially increased.
2017:Samsung SDI Introduced a Lineup of Various High-Performance Batteries during the InterBattery 2017. The company showcased cylindrical 21700 battery model and ESS(energy storage system) products.

GLOBAL LITHIUM ION BATTERY - MARKET SEGMENTATION

Lithium Ion Battery Market - By Type

  • Lithium Cobalt Oxide
  • Lithium Iron Phosphate
  • Lithium Titanate Oxide
  • Lithium Manganese Oxide
  • Lithium Nickel Manganese Cobalt Oxide

Lithium Ion Battery Market - By Power Capacity

  • 0 to 3000 mAh
  • 3000 to 10000 mAh
  • 10000 to 60000 mAh
  • >60000 mAh

Lithium Ion Battery Market - By Application

  • Consumer Electronics
  • Automotive
  • Industrial Energy Storage Systems
  • Aerospace and Defense
  • Medical Devices
  • Others

Lithium Ion Battery Market - By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific (APAC)

    • South Korea
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM

Lithium Ion Battery Market - Company Profiles

  • Automotive Energy Supply Corporation
  • Samsung SDI Co. Ltd.
  • Tesla, Inc.
  • Toshiba Corporation
  • A123 Systems LLC
  • GS Yuasa International Ltd.
  • Hitachi Chemicals Co. Ltd.
  • LG Chem Ltd.
  • Panasonic Corporation
  • Johnson Controls International PLC
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , by Power Capacity , by Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Lithium Ion Battery Market

1. Automotive Energy Supply Corporation
2. Samsung SDI Co. Ltd.
3. Tesla, Inc.
4. Toshiba Corporation
5. A123 Systems LLC
6. GS Yuasa International Ltd.
7. Hitachi Chemicals Co. Ltd.
8. LG Chem Ltd.
9. Panasonic Corporation
10. Johnson Controls International Plc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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