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Global Lithium-ion Battery Market 2017-2021

Global Lithium-ion Battery Market 2017-2021

About Lithium-ion Battery

Lithium-ion batteries are rechargeable batteries in which carbon serves as an anode and Lithium-ion acts as a cathode. The advantage of using these batteries is that they increase the thermal stability, have higher current density, and have a longer shelf life than other battery technologies available in the market. Lithium-ion batteries are used in high power applications such as hybrid electric vehicles (HEVs), electric vehicles (EVs), and consumer electronics devices. One of the key reasons for this significant growth is the increased adoption of EVs and HEVs worldwide. In 2016, APAC dominated the Li-ion battery market, followed by the Americas and EMEA.

Technavio’s analysts forecast the global lithium-ion battery market to grow at a CAGR of 11.34% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global lithium-ion battery market for 2017-2021. To calculate the market size, the report considers the cumulative sales in the market and exclude aftermarket.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Lithium-ion Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • A123 Systems
  • Automotive Energy Supply
  • LG Chem
  • Panasonic
  • SAMSUNG SDI
  • Toshiba
Other prominent vendors
  • Amperex Technology (ATL)
  • BAK Group
  • Blue Energy
  • BYD
  • CBAK Battery
  • Coslight India Telecom
  • E-One Moli Energy
  • GS Yuasa
  • Hitachi Chemical
  • Johnson Controls
  • Kokam
  • Li-Tec Battery
  • MANZ
  • Maxell
  • NEC Energy Solutions
  • Saft
  • SK innovation
  • SONY
  • Tianjin Lishen Battery
  • Valence Technology
Market driver
  • Augmented demand from consumer electronics market due to enhanced consumer spending
  • For a full, detailed list, view our report
Market challenge
  • Growing popularity of fuel cell solutions
  • For a full, detailed list, view our report
Market trend
  • Legislative support for battery recycling
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Lithium-ion Battery Market 2017-2021

Technavio recognizes the following companies as the key players in the global lithium-ion battery market: A123 Systems, Automotive Energy Supply, LG Chem, Panasonic, SAMSUNG SDI, and Toshiba

Other Prominent Vendors in the market are: Amperex Technology (ATL), BAK Group, Blue Energy, BYD, CBAK Battery, Coslight India Telecom, E-One Moli Energy, GS Yuasa, Hitachi Chemical, Johnson Controls, Kokam, Li-Tec Battery, MANZ, Maxell, NEC Energy Solutions, Saft, SK innovation, SONY, Tianjin Lishen Battery, and Valence Technology.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Legislative support for battery recycling. Lithium-ion batteries are the most commonly used battery type globally for many applications. Globally, governments worldwide are formulating regulations to recycle batteries that have harmful materials, such as lithium-ion cells to prevent groundwater and environmental contamination. Recycling can help extract useful metals from battery scrap, which also helps manufacturers overcome cost issues in the production of new batteries. Since 2006, Umicore of Belgium has been one of the few companies recycling lithium-ion batteries, using a combination process of smelting and leaching with chemicals to recover the metals. Similarly, other companies in different parts of the world like Stiftung GRS Batterien, Li-Cycle, and others are focusing on lithium-ion battery recycling.”

According to the report, one of the major drivers for this market is Augmented demand from consumer electronics market due to enhanced consumer spending. Urbanization and increase in the number of people earning in a family have led to an upsurge in disposable incomes worldwide. Consumer spending is an important economic factor since it generally reflects the overall consumer confidence in a country. Therefore, high consumer confidence obviously points to higher levels of consumer spending in the market.

Further, the report states that one of the major factors hindering the growth of this market is Growing popularity of fuel cell solutions. Lithium-ion battery end-users such as the automotive and material handling equipment industries face a major challenge with the increasing replacement of standard lithium-ion batteries with fuel cells. For instance, forklifts are used in warehouses where the operations can extend for three or more shifts in a day. If lithium-ion batteries are used, they need to be replaced or charged more than once in a day, which leads to issues in logistics management. Conventional batteries such as lead-acid batteries and lithium-ion batteries require a long recharging period, hold less energy with each charge, and have to be replaced every 2-3 years. To overcome such difficulties, more of these end-users are opting for fuel cell systems.

Companies Mentioned

A123 Systems, Automotive Energy Supply, LG Chem, Panasonic, SAMSUNG SDI, Toshiba, Amperex Technology (ATL), BAK Group, Blue Energy, BYD, CBAK Battery, Coslight India Telecom, E-One Moli Energy, GS Yuasa, Hitachi Chemical, Johnson Controls, Kokam, Li-Tec Battery, MANZ, Maxell, NEC Energy Solutions, Saft, SK innovation, SONY, Tianjin Lishen Battery, and Valence Technology.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Global battery market: Overview
        • Table Lithium-ion battery structure
  • Market landscape
    • Market overview
      • Table Market overview: Global lithium-ion battery market
    • Market size and forecast
      • Table Global lithium-ion battery market 2016-2021 ($ billions)
      • Table Average lifecycle of lead acid and lithium iron phosphate batteries 2016
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global lithium-ion battery market by application 2016
      • Table Global lithium-ion battery market by application 2016 (%)
    • Global lithium-ion battery market by application 2021
      • Table Global lithium-ion battery market by application 2021 (%)
    • Global lithium-ion battery market by application 2016-2021
      • Table Global lithium-ion battery market by application 2016-2021 (%)
    • Global lithium-ion battery market by consumer electronics 2016-2021
      • Table Global lithium-ion battery market by consumer electronics applications 2016-2021 ($ billions)
    • Global lithium-ion battery market by automotive 2016-2021
      • Table Global lithium-ion battery market by automotive applications 2016-2021 ($ billions)
      • Table Global EV sales 2012-2016 (thousands of units)
      • Table Global BEV and PHEV sales 2011-2016 (thousands of units)
      • Table Global E-bike sales 2016-2021 (millions of units)
    • Global lithium-ion battery market by utilities 2016-2021
      • Table Global lithium-ion battery market by utility applications 2016-2021 ($ billions)
      • Table Global energy investments 2016 ($ billions)
      • Table Indexing of global cumulative energy storage deployment 2015-2021
  • Regional landscape
    • Geographical segmentation
      • Table Geographic segments – market size & forecast 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – market size & forecast
      • Table Lithium-ion battery market in APAC 2016-2021 ($ billions)
      • Table Lithium-ion battery market in APAC 2016-2021 (%)
    • Americas – market size & forecast
      • Table Lithium-ion battery market in the Americas 2016-2021 ($ billions)
      • Table Lithium-ion battery market in Americas 2016-2021 (%)
      • Table Electric car stocks in US 2011-2016 (thousands of units)
    • EMEA – market size & forecast
      • Table Lithium-ion battery market in EMEA 2016-2021 ($ billions)
      • Table Lithium-ion battery market in EMEA 2016-2021 (%)
      • Table EVs sales in Europe June 2014 and June 2017
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Market segmentation by battery technology
    • Segmentation by battery technology
      • Table Types of lithium-ion battery by battery technology
    • Types of Lithium-ion battery
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global disposable income and expenditure indices 2010-2016
      • Table Global battery market for smart wearables 2016-2021 ($ millions)
    • Market challenges
  • Market trends
    • Legislative support for battery recycling
    • Decline in lithium-ion battery price
      • Table Global Li-ion battery cost 2009-2016 ($ per kWh)
    • Evolution of next-generation batteries
      • Table Global next-generation battery market 2015-2020 ($ millions)
  • Vendor landscape
    • Vendor analysis
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Vendor analysis
    • A123 Systems
      • Table A123 Systems: Key products
    • Automotive Energy Supply
      • Table Automotive Energy Supply: Key products
    • LG Chem
      • Table LG Chem: Key Products
    • Panasonic
      • Table Panasonic: Key products
    • SAMSUNG SDI
      • Table SAMSUNG SDI: Key Products
    • Toshiba
      • Table Toshiba: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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