Global Lithium-ion Battery Market Report (2022 to 2027) - Industry Trends, Growth, Impact of COVID-19 and Opportunity Company Analysis - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Lithium-ion Battery Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Lithium-Ion Battery Industry is anticipated to reach US$ 105.35 Billion in 2027.

Lithium-Ion Battery, a rechargeable battery, is an advanced battery technology that uses lithium ions as a significant component of its electrochemistry. Li-ion battery has a very high voltage and charges storage per unit mass and volume compared to other batteries.

Additionally, Lithium-Ion Battery exhibits low self-discharge, high energy density, and extending lifetime with improved charging speed. Besides, the market for lithium-ion batteries, the subsequent increase in the registration of EVs and a decrease in price of lithium-ion batteries are boosting the market.

Global Lithium-Ion Battery Industry is expected to expand at a CAGR of 14.6% during 2021-2027

Current rapid advancements in lithium-ion (Li-ion) battery costs and performance, coupled with expanding demand for electric vehicles (EVs) and boosted renewable energy generation, have unleashed enormous investments in the advanced battery technology ecosystem.

Further, the investments are expected to push Lithium-ion battery technologies across competitive thresholds for applications more quickly than anticipated. Remarkably, in turn, reducing the costs of decarbonization in crucial sectors and speeding the global energy evolution beyond the anticipations of mainstream global energy models.

Components Is Likely to Continue to Diverge in Terms of the Types:

Our report covers cathode, anode, and electrolytic solutions as components in Lithium-Ion Battery Market. As per our analysis, components studied are likely to diverge in terms of the types of cathodes, anodes, and electrolytes used. Besides, these various approaches are pursuing improvements across several areas in the industry. Remarkably, Lithium-ion batteries' scaling pathway is unlike silicon photovoltaic cells.

As investment in Li-ion expands, companies are seeking different battery chemistry compositions with widely varying performance attributes. According to the publisher, Global Lithium-Ion Battery Market Size was US$ 46.43 Billion in 2021.

COVID-19 Restrictions on Global Lithium-Ion Battery Industry:

The COVID-19 restrictions harmed raw materials such as lithium-ion, which witnessed a significant demand drop for lithium-ion batteries in 2020, thus, adversely affecting the lithium-ion battery market globally. For automotive and battery makers, there was challenging to retain control of the battery demand to squeeze out as much value as attainable without losing value in unnecessary transactions.

However, in 2021, the lithium-ion batteries market represented some clear recovery patterns for lithium-ion batteries with room for innovation and change.

This report provides an all-encompassing analysis on the Global Lithium-Ion Battery Industry.

Components - Market has been covered from 4 viewpoints:

• Cathode
• Anode
• Electrolytic Solution
• Others

Product Type - Market has been covered from 6 viewpoints:

• Lithium Cobalt Oxide (LCO)
• Lithium Iron Phosphate (LFP)
• Lithium Nickel Cobalt Aluminum Oxide (NCA)
• Lithium Manganese Oxide (LMO)
• Lithium Titanate
• Lithium Nickel Manganese Cobalt

End User - Market has been covered from 4 viewpoints:

• Electrical & Electronic
• Automotive
• Industrial
• Others

Region - Market has been covered from 4 viewpoints:

• North America
• Europe
• Asia Pacific
• Rest of the World

Company Insights:

• Overview
• Recent Development
• Financial Insight

Company Analysis:

• BYD Company Ltd.
• Samsung SDI Company Limited
• GS Yuasa Corporation
• Johnsons Controls Inc.
• Exide Technologies

For more information about this report visit https://www.researchandmarkets.com/r/4g523r