Industrial Lithium-Ion Battery Market Size - By Chemistry (LFP, LCO, LTO, NMC, NCA, LMO), Component (Cathode, Anode, Separators, Electrolytes, Aluminum Foil, Copper Foil), Application (Military, Heavy Industrial Equipment, Medical, Marine) & Forecast, 202
Description
Industrial Lithium-Ion Battery Market Size - By Chemistry (LFP, LCO, LTO, NMC, NCA, LMO), Component (Cathode, Anode, Separators, Electrolytes, Aluminum Foil, Copper Foil), Application (Military, Heavy Industrial Equipment, Medical, Marine) & Forecast, 2024 – 2032
Industrial lithium-ion battery market size is expected to record 11% CAGR from 2024 to 2032 driven by the increasing demand for energy storage solutions in various industrial applications. As industries strive for higher efficiency and sustainability, lithium-ion batteries are increasingly favored for their high energy density, longer lifespan, and lower maintenance requirements compared to traditional lead-acid batteries. The rise in electric vehicles and automated material handling equipment, such as forklifts and robotics is also driving the product demand. For instance, in March 2024, 24M Technologies (24M) unveiled Liforever, its new direct material recycling process for semi-solid lithium-ion batteries used in electric vehicles and energy storage systems.
Innovations aimed at improving battery efficiency, safety, and cost-effectiveness are further making lithium-ion batteries more accessible and attractive to a wider range of industrial applications. The development of new chemistries and materials, such as solid-state batteries and improved thermal management systems, will also enhance the performance and longevity of these batteries, thereby supporting their adoption in demanding industrial environments.
The overall industry is classified into chemistry, component, application, and region.
Based on component, the industrial lithium ion-battery market from the electrolyte segment is poised to witness decent growth during 2024-2032 due to its crucial role in enhancing battery performance and safety. Advanced electrolytes, including high-conductivity liquid and solid-state options, are also improving the efficiency, energy density, and longevity of lithium-ion batteries, making them more suitable for demanding industrial applications.
Industrial lithium ion-battery industry from the military application segment is anticipated to grow at a significant CAGR between 2024-2032. This is owing to the increasing demand for advanced, reliable, and high-performance energy storage solutions in defense applications. Lithium-ion batteries offer superior energy density, longer life cycles, and better reliability compared to traditional battery technologies.
Asia Pacific industrial lithium-ion battery market size will grow significantly through 2032 attributed to rapid industrialization and significant investments in infrastructure development, particularly in emerging economies like China, India, and Southeast Asian countries. The push towards modernization and automation in various industries, including manufacturing, logistics, and renewable energy, is also fueling the demand for high-performance, reliable energy storage solutions in APAC.
Table of Contents
350 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2019 – 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
- Chapter 4 Competitive landscape, 2023
- 4.1 Strategic dashboard
- 4.2 Innovation & sustainability landscape
- Chapter 5 Market Size and Forecast, By Chemistry, 2021 – 2032 (USD Million)
- 5.1 Key trends
- 5.2 LFP
- 5.3 LCO
- 5.4 LTO
- 5.5 NMC
- 5.6 NCA
- 5.7 LMO
- Chapter 6 Market Size and Forecast, By Component, 2021 – 2032 (USD Million)
- 6.1 Key trends
- 6.2 Cathode
- 6.3 Anode
- 6.4 Separator
- 6.5 Electrolyte
- 6.6 Aluminum foil
- 6.7 Copper foil
- 6.8 Others
- Chapter 7 Market Size and Forecast, By Application, 2021 – 2032 (USD Million)
- 7.1 Key trends
- 7.2 Military
- 7.3 Heavy industrial equipment
- 7.4 Medical
- 7.5 Marine
- 7.6 Others
- Chapter 8 Market Size and Forecast, By Region, 2021 – 2032 (USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Russia
- 8.3.5 Italy
- 8.3.6 Spain
- 8.3.7 Austria
- 8.3.8 Netherlands
- 8.3.9 Sweden
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Indonesia
- 8.4.7 Malaysia
- 8.4.8 Thailand
- 8.4.9 Philippines
- 8.5 Middle East & Africa
- 8.5.1 Saudi Arabia
- 8.5.2 UAE
- 8.5.3 Iran
- 8.5.4 Egypt
- 8.5.5 Turkey
- 8.5.6 Morocco
- 8.5.7 South Africa
- 8.5.8 Nigeria
- 8.5.9 Algeria
- 8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina
- 8.6.3 Mexico
- 8.6.4 Chile
- 8.6.5 Colombia
- Chapter 9 Company Profiles
- 9.1 A123 Systems, LLC
- 9.2 Akku Tronics New Energy Technology Co.
- 9.3 BYD Company Ltd.
- 9.4 Clarios
- 9.5 Ding Tai Battery Company Ltd.
- 9.6 Duracell, Inc.
- 9.7 EaglePicher Technologies, LLC
- 9.8 EnerDel
- 9.9 ENERGON
- 9.10 Energus Power Solutions, Ltd.
- 9.11 Exide Technologies
- 9.12 General Electric
- 9.13 Hitachi Energy Ltd.
- 9.14 Koninklijke Philips N.V.
- 9.15 LG Chem
- 9.16 Lithium Werks
- 9.17 Maxell, Ltd.
- 9.18 Padre Electronics Co., Ltd.
- 9.19 Panasonic Corporation
- 9.20 ProLogium Technology CO., Ltd.
- 9.21 Saft
- 9.22 Samsung SDI Co., Ltd.
- 9.23 Tesla
- 9.24 Toshiba Corporation
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