The global lithium-ion battery market was valued at US$29.68 bn in 2015 and is projected to reach US$77.42 bn by 2024, expanding at a CAGR of 11.6% therein.
Albany, NY -- (SBWIRE) -- 11/08/2016 -- Lithium-ion Battery are a part of rechargeable battery group. Lithium-ion batteries offer high storage capacity, better efficiency and long lifecycle than other batteries. The demand for these batteries are increasing in various applications such as consumer electronics products, automotive application such as EVs and HEVs and energy storage systems in power plants and household electricity. The global lithium-ion battery market is anticipated to grow with a significant rate between 2016 and 2024. The rising demand for electronic devices and the stringent government regulations to control pollution level are expected to drive the lithium-ion battery market during the forecast period.
This study analyzes, estimates, and forecasts the global Lithium-ion Battery market in terms of volume (Units) and revenue (US$ Mn) from 2016 to 2024. Market numbers given in the report describe the demand for global lithium-ion battery, but not production or supply. The Lithium-ion Battery report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
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The report provides comprehensive analysis of the Lithium-ion Battery by power capacity range and applications. It segments the lithium-ion battery market into range of power capacity that include 5-25 Wh, 48-95 Wh, 18-28 KWh, 100-250 KWh and more than 300 KWh. It further segments the market into the following key applications: consumer electronics, automotive and grid energy & industrial segment. The report also segments the market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It further provides volume and revenue for each application segment for each region. This includes 12 unique country-specific analysis.
Based on the application and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study consist of value chain analysis, which offers a better understanding of key companies in the supply chain from raw material manufacturers to end-users. Additionally, the study examines market competition through Porter's Five Forces Analysis.
The report includes an overview of the market share of key companies in the global Lithium-ion Battery market. Market share of companies has been derived on the basis of production by manufacturers of controlled release fertilizers. Key market players profiled in the study include Automotive Energy Supply Corporation (AESC), Panasonic Corporation, GA Yuasa Corporation, Hitachi Chemical Co. Ltd., Johnson Controls, Inc., LG Chem Power, Inc., Samsung SDI Co. Ltd., Toshiba Corporation. Profiles of key participants comprise important parameters such as company overview, financial overview, business strategy, and recent developments.
Primary research represents the majority of our research efforts, complemented by extensive secondary research. We reviewed key players' product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, recent trade, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most consistent, effective, and productive approach for procuring precise market data, recognizing business opportunities, and understanding industry participants' perceptions.
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Secondary research sources that are typically referred to include broker reports, corporation websites, external patented databases, financial reports, stockholder presentations, Securities & Exchange Commission filings, proprietary databases and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market. Secondary sources referred for this study include Chemical Week Magazine, ICIS Chemical Business Magazine, Hoover's, Factiva, and company presentations.
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