Global Prismatic Lithium-ion Battery Market 2019-2023

Global Prismatic Lithium-ion Battery Market 2019-2023

About this market

The shift of the automotive industry toward EVs is the factor has been one of the growth factor in prismatic lithium-ion battery market during the forecast period. Factors such as rising environmental concerns & increasing GHG emissions globally have driven countries to rethink the use of fossil fuels in transportation. The increase in adoption of EVs vehicles, will positively affect the growth of prismatic lithium-ion battery market during our forecast period. Therefore, the vendors in the market are increasing their efforts to produce more prismatic lithium-ion batteries due to the growth demand from the automotive industry. The growing demand in sales of EVs has driven the growth of the global prismatic lithium-ion battery market at a CAGR of over 7% during the forecast years.

Market Overview

Shift of the automotive industry toward EVs

The increased GHG emissions and rising environmental concerns globally have driven countries to rethink the use of fossil fuels in transportation. Many countries are setting targets regarding the sale of EVs. Governments have introduced several incentives for vehicle owners to increase the adoption of EVs. The key vendors are increasing their efforts to produce more prismatic lithium-ion batteries catering to the growing demand from the automotive industry.

Competition from other batteries

The high cost of production compared with other batteries such as lead- acid and NiMH batteries. Therefore, the cost advantages and availability of numerous substitues affect the adoption of prismatic lithium-ion batteries, thereby affecting the growth of the market in focus.

For the detailed list of factors that will drive and challenge the growth of the prismatic lithium-ion battery market during the 2019-2023, view our report.

Competitive Landscape

The prismatic lithium-ion battery market is moderately concentrated owing to the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Prismatic Lithium-ion Battery Market 2019-2023

Technavio recognizes the following companies as the key players in the global prismatic lithium-ion battery market: BYD, LG Chem, Maxell Holdings, Panasonic, SAMSUNG SDI.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the declining prices of lithium- ion batteries coupled with the increased need for ESS due to the rapidly increasing deployment of renewables will be contributing to the growth of the ESS market which will subsequently drive the market growth.”

According to the report, one of the major drivers for this market is the demand from automotive industry for prismatic lithium- ion batteries, coupled with increased sales of EVs, will be driving the sales of prismatic lithium-ion batteries, thereby contributing to the growth of the market.

Further, the report states that one of the major factors hindering the growth of this market is the cost advantages and availability of numerous substitutes affect the adoption of prismatic lithium – ion batteries, thereby affecting the growth of the market.

Companies Mentioned

BYD
LG Chem
Maxell Holdings
Panasonic
SAMSUNG SDI

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global lithium-ion battery market
      • Table Segments of global lithium-ion battery market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Non-automotive - Market size and forecast 2018-2023
      • Table Non-automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Non-automotive - Year-over-year growth 2019-2023 (%)
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing adoption of lithium-ion battery in energy storage
    • Revision in safety standards of lithium-ion batteries
    • Declining lithium-ion battery prices
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BYD
      • Table BYD - Vendor overview
      • Table BYD - Business segments
      • Table BYD - Organizational developments
      • Table BYD - Geographic focus
      • Table BYD - Segment focus
      • Table BYD - Key offerings
    • LG Chem
      • Table LG Chem - Vendor overview
      • Table LG Chem - Business segments
      • Table LG Chem - Organizational developments
      • Table LG Chem - Geographic focus
      • Table LG Chem - Segment focus
      • Table LG Chem - Key offerings
    • Maxell Holdings
      • Table Maxell Holdings - Vendor overview
      • Table Maxell Holdings - Business segments
      • Table Maxell Holdings - Organizational developments
      • Table Maxell Holdings - Geographic focus
      • Table Maxell Holdings - Segment focus
      • Table Maxell Holdings - Key offerings
    • Panasonic
      • Table Panasonic - Vendor overview
      • Table Panasonic - Business segments
      • Table Panasonic - Organizational developments
      • Table Panasonic - Geographic focus
      • Table Panasonic - Segment focus
      • Table Panasonic - Key offerings
    • SAMSUNG SDI
      • Table SAMSUNG SDI - Vendor overview
      • Table SAMSUNG SDI - Business segments
      • Table SAMSUNG SDI - Organizational developments
      • Table SAMSUNG SDI - Geographic focus
      • Table SAMSUNG SDI - Segment focus
      • Table SAMSUNG SDI - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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