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Global Lithium-Ion Battery Market is predicted to reach USD 56 Billion by 2024 at the CAGR 15% | TechSci Research

Global lithium-ion battery market was valued at $ 24.5 billion and is projected to grow at a promising CAGR of 15% to reach $ 56 by 2024 on account of increasing demand for energy-efficient, safe and low-cost batteries.

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Global Lithium-Ion Battery Market is predicted to reach USD 56 Billion by 2024 at the CAGR 15% | TechSci Research

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  1. 2014-2024 GLOBAL LITHIUM-ION BATTERY MARKET BY TYPE, BY SHAPE, BY CAPACITY, BY APPLICATION, BY REGION, COMPETITION FORECAST & OPPORTUNITIES PUBLISHED : MARCH 2019 MARKET INTELLIGENCE . CONSULTING

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  13. Product Overview Product Definition • Lithium-ion battery is a chargeable energy storage device. In comparison to traditional battery technologies, it is capable of providing significantly higher performance. Consequently, lithium-ion battery is being increasingly used as a power supply source in consumer electronics as well as in hybrid and electric vehicles. • Lithium-ion battery has three major components, namely, Cathode, Anode and Electrolyte. During the time of charging, the lithium-based positive electrode releases lithium-ions, which move towards the negative electrode, while passing through the electrolyte. At the time of discharging, the lithium-ion moves back to positive electrode from negative electrode, while passing through the electrolyte, thereby producing energy. Composition of Lithium-ion Battery Charge (Energy Storage) e- Charger Electrolyte: One Molar solution of a lithium salt in organic solvent e- Discharge (Power to the Device) Cathode Anode Electrolyte Anode: Graphite coated over copper foil, which is around 14um thick Cathode: Lithium Metal oxide, includes LiFePO4, LiCoO2 Charge Al Current Collector Cu Current Collector Discharge Separator

  14. Product Overview Lithium-Ion NickelMetal Hydride Nickel Cadmium LeadAcid • In comparison to other types of batteries, lithium-ion battery has higher energy density, which makes it an excellent power storage device. • Increasing demand for portable as well as stationary energy storage and escalating number of solar & wind projects globally is expected to impart growth in lithium-ion battery market over the next five years.

  15. Product Overview Comparison of Lithium-ion Battery with Lead-Acid & Nickel Battery Properties of Different Types of Lithium-ion Batteries

  16. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing list of respondents Formulating Questionnaire TechSci Research conducted interviews with industry experts and industry players for data collection and verification. • The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc. to obtain qualitative and quantitative insights about the global lithium-ion battery market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. • In-depth secondary research was conducted to determine top players in Lithium-ion battery market globally, overall market size and segmental market share. In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire. List of industry players, distributors, and industry specialists was developed. Primary Research Desk Research Company Analysis Data Filter & Analysis Business Solution Actionable Insights Research & Intelligence Data Collection • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Product Differentiation • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • TechSci Internal Database • LinkedIn • Company Website • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

  17. Research Methodology Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading global lithium-ion battery manufacturing companies. We have also put through an exhaustive search of credible paid databases such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of the global lithium-ion battery market. While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. Sampling Technique: While conducting the study, TechSci Researchfollowed the stratified random sampling technique to shortlist the Key Opinion Leaders (KOLs) in various Lithium-ion Battery companies/dealers & distributors operating globally. KOLs based out of prominent Lithium-ion Battery companies/dealers & distributors were interviewed to identify the global lithium-ion battery market. Sample Size:

  18. Research Methodology Market Size Calculation Technique: Primary Research For the preparation of ‘Global Lithium-ion Batterymarket’ report, bottom-up model has been used, which has been later cross validated by using top-down approach. TechSci Research interviewed Senior Managers and Regional Sales Managers of the prominent Lithium-ion Battery companies/dealers & distributors using Delphi technique for calculating the global lithium-ion Battery market size. Respondents were also asked about the current and future growth rates, market share by product type, etc. All the information gathered was carefully analyzed. Data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the data. Primary Research – Few of the Companies and/or their Dealers Interviewed

  19. Research Methodology Secondary Research: We have put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in addition to our internal database. Further analysis of credible publications, white papers, company’s annual reports, investor presentations, news articles, etc., were also analyzed to cross validate the end findings derived from primary research. • Forecasting Technique: • The team has developed forecast on the basis of econometric and judgemental analysis in addition to statistical techniques such as averaging and geometric mean. During primary research interview, questions regarding historical sales trend of lithium-ion battery were put forward. Respondents were asked about the current and future growth rates, market share of lithium-ion battery, globally. In order to forecast the global lithium-ion battery market, following forecast techniques were used: • Time Series Analysis • Econometric and Judgmental Analysis • Moving Average

  20. Research Methodology Currency Exchange Rates • The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. • The company revenues were taken from their annual reports. • Average annual currency conversion rate was used for companies that reported their revenue in other currencies.

  21. Industry Brief According to a recent report published by TechSci research on “Global Lithium-Ion Battery Market By Type, By Shape, By Capacity, By Application, By Region, Competition, Forecast & Opportunities, 2024”, global lithium-ion battery market is projected to grow at a CAGR of over 15% during 2019-2024, owing to rising requirement for energy storage solutions with governments in different countries taking policy-level initiatives to promote renewable power generation and electric vehicles adoption. Moreover, rapid technological advancements along with rising demand for power supply is further fueling growth in the market. Additionally, rising awareness regarding clean energy is further driving demand for lithium-ion batteries across the globe By capacity, global lithium-ion battery is categorized into Up to 4000 mAh, 4001 mAh – 15000 mAh, 15001 – 50000 mAh and Above 50,000 mAh. 4001-15000 mAh category accounted for the majority share in global lithium-ion battery in 2018 and is anticipated to continue its dominance during forecast period as well owing to wide range of applications powered by this range of batteries. The basic application areas of 4001-15000 mAh batteries include digital cameras, electric vehicles, camcorders, smartphones, wearable devices, etc. Among regions, North America lithium-ion battery market is expected to witness a significant growth during forecast period on account of growing demand for electric vehicles and growth in the consumer electronics sales in the North American countries. Moreover, technological advancements that support longer power back-ups and higher efficiencies in tablets, PCs and smartphones is further anticipated to positively influence North America lithium-ion battery market. “With the rising demand for electric vehicles, demand for lithium-ion batteries in automotive sector is anticipated to increase in the coming years, globally. Use of lithium-ion batteries in automobiles is gaining traction among manufacturers due to their light weight and small size, as compared to the nickel metal batteries used in e-vehicles. Furthermore, high demand for lithium-ion batteries from consumer electronics segment is further propelling growth in global lithium-ion battery market.” said Mr. Karan Chechi Research Director with TechSci Research, a research based global management consulting firm.

  22. Sample Data - Snapshot • Figure 10: Global Lithium-ion Battery Market Share, By Company, By Value, 2018 Figure 79: Mexico GDP Per Capita, 2013-2018 (USD) • Figure 76: Canada Lithium-ion Battery Market Share, By Shape, By Value, 2014-2024F Figure 58: North America GDP at Current Prices, 2014-2020F (USD Trillion) Figure 68: United States Large-Scale Battery Storage Capacity Projection, 2017 & 2020-2050 (Gigawatt)

  23. Report Ordering Report Name: GLOBAL LITHIUM-ION BATTERY MARKET BY TYPE, BY SHAPE, BY CAPACITY, BY APPLICATION, BY REGION, COMPETITION FORECAST & OPPORTUNITIES 2014-2024 Report Price To View Sample OR Purchase Report 23 © TechSci Research

  24. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Partial List of Clients Related Reports India Lithium-ion Battery Market Forecast & Opportunities, 2023 USA Lithium-ion Battery Market Forecast & Opportunities, 2023 Global Marine Engines Market, 2023 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. © TechSci Research

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