Global Advanced Lithium-Ion Batteries Market
Global Advanced Lithium-Ion Batteries was valued at US$ 71,320.00 Mn in 2021, estimated to reach US$ 137,380.00 Mn in 2027, with a CAGR of 8.41% from 2022-2027.
Advanced lithium-ion batteries are defined as the modern batteries with an extended lifespan designed for portable battery stations, electric vehicles, and electronic devices. Cost, safety, performance, and cycle life are parameters used for assessing the performance of batteries. As advanced lithium-ion batteries are increasingly used in high power applications, the safety & reliability of these cells and batteries are of utmost importance. The most important parameters in advanced lithium-ion batteries in utility storage & transportation are cost, performance, cycle life, and safety to increase the credibility of these batteries to fulfil the growing demand.
Market Drivers
The rising use of electric devices is the primary driver of the advanced lithium-ion battery industry. Furthermore, the expanding energy storage industry is expected to increase the use of sophisticated lithium-ion batteries in a variety of industries. Furthermore, the increased production of wearable electronics, implanted medical devices, and flexible electronics is likely to boost the expansion of the advanced lithium-ion battery market.
Similarly, modern lithium-ion batteries offer a significantly better energy storage density that demands a smaller size, opening up new applications for these batteries in a variety of industries. These reasons will very certainly increase demand for improved lithium-ion batteries. Higher energy storage density, on the other hand, may raise the risk of battery fire.
Market Restraints
Hazardous compounds found in used batteries include acids and heavy metals like mercury and lead. More than 132,000 liters of chemicals were burned in a fire incident brought on by lithium-based batteries in July 2007, which forced the closure of two significant roads in the UK.
Spent batteries must be stored away from other flammable and combustible materials in watertight containers. A Class D extinguisher and sand should also be kept nearby as a safety precaution in case of a fire. There is a risk of unintended discharge with expended batteries since they retain some charge, which could injure people and property.
Market Segmentation
The Global Advanced Lithium-Ion Batteries Market is segmented into component such as Separators, Current Collectors, Binders, Solvents, and Solid-State Electrolytes. By end user, market is segmented into Consumer Electronics (Smartphones, Uninterruptible power supply (UPS) systems, Laptops, Others (Games, Gardening Tools, and Drilling)), Automotive (Battery electric vehicle (BEV), Plug-in hybrid electric vehicle (PHEV), Hybrid electric vehicle (HEV)), Aerospace & Defense, Medical, Telecom, Industrial. By material, market is segmented into Cathode Material, and Anode Material.
Regional Analysis
Global Advanced Lithium-Ion Batteries Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific is estimated to portray the largest CAGR of 8.51% during the forecast period. The increase in environmental concerns has resulted in China banning conventional fossil fuel-powered scooters from all its major cities to reduce emissions, leading to an increase in the sales of electric vehicles in the country.
In Europe Region, Advanced Lithium-Ion Batteries captured 23.61% of revenue share in 2021. Due to the growing use of lithium-ion batteries in energy storage systems, electric vehicles, and consumer electronics.
Key Developments
In Oct 2021, Battrixx introduced its 4 kWh Dual Power smart batteries for electric vehicles. According to the company, the smart battery packs are extremely dependable, secure, and tough for driving conditions in India.
In July 2022, the development of a service to diagnose the degradation state remotely for on-board automobile lithium-ion batteries was disclosed by Hitachi High-Tech Corporation. For the deployment of electric vehicles, achieving steady and efficient battery operation is becoming increasingly crucial ("EVs"). By resolving customer difficulties, Hitachi High-Tech will begin to offer this service to clients on a global scale via various networks.
Key Players
LG Chem Limited, Panasonic Corporation, Samsung SDI Corporation Limited, Toshiba Corporation, Amperex Technology Limited (ATL), BAK Group, Blue Energy Co. Ltd., BYD Company Limited, CBAK Energy Technology Inc., Tianjin Lishen Battery Joint-Stock Corporation Limited, Lithion Battery (Valence Technology Inc.), SK Innovation Corporation Limited, Hitachi Limited, Battrix, etc.
Market Taxonomy
By Component
By End User
? Smartphones
? Uninterruptible Power Supply (UPS) Systems
? Laptops
? Others (Games, Gardening Tools, and Drilling)
? Battery Electric Vehicle (BEV)
? Plug-in Hybrid Electric vehicle (PHEV)
? Hybrid Electric Vehicle (HEV)
By Material
By Region
Global Advanced Lithium-Ion Batteries Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Advanced Lithium-Ion Batteries Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Advanced Lithium-Ion Batteries Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Advanced Lithium-Ion Batteries Market Share Analysis, By Component
5.3 Global Advanced Lithium-Ion Batteries Market Size and Forecast, By Component
5.3.1 Separators
5.3.2. Current Collectors
5.3.3. Binders
5.3.4. Solvents
5.3.5. Solid State Electrolytes
6 Global Advanced Lithium-Ion Batteries Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Advanced Lithium-Ion Batteries Market Share Analysis, By End User
6.3 Global Advanced Lithium-Ion Batteries Market Size and Forecast, By End User
6.3.1. Consumer Electronics
? Smartphones
? Uninterruptible Power Supply (UPS) Systems
? Laptops
? Others (Games, Gardening Tools, and Drilling)
6.3.2 Automotive
? Battery Electric Vehicle (BEV)
? Plug-in Hybrid Electric vehicle (PHEV)
? Hybrid Electric Vehicle (HEV)
6.3.3. Aerospace & Defense
6.3.4. Medical
6.3.5. Telecom
6.3.6. Industrial
7 Global Advanced Lithium-Ion Batteries Market, By Material
7.1 Y-o-Y Growth Comparison, By Material
7.2 Global Advanced Lithium-Ion Batteries Market Share Analysis, By Material
7.3 Global Advanced Lithium-Ion Batteries Market Size and Forecast, By Material
7.3. 1.Cathode Material
7.3.2. Anode Material
8 Global Advanced Lithium-Ion Batteries Market, By Region
8.1 Global Advanced Lithium-Ion Batteries Market Share Analysis, By Region
8.2 Global Advanced Lithium-Ion Batteries Market Share Analysis, By Region
8.3 Global Advanced Lithium-Ion Batteries Market Size and Forecast, By Region
9 North America Advanced Lithium-Ion Batteries Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Advanced Lithium-Ion Batteries Market Share Analysis, By Component
9.3 North America Advanced Lithium-Ion Batteries Market Size and Forecast, By End User
9.4 North America Advanced Lithium-Ion Batteries Market Size and Forecast, By Material
9.5 North America Advanced Lithium-Ion Batteries Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Advanced Lithium-Ion Batteries Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Advanced Lithium-Ion Batteries Market Share Analysis, By Component
10.3 Europe Advanced Lithium-Ion Batteries Market Size and Forecast, By End User
10.4 Europe Advanced Lithium-Ion Batteries Market Size and Forecast, By Material
10.5 Europe Advanced Lithium-Ion Batteries Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Advanced Lithium-Ion Batteries Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Advanced Lithium-Ion Batteries Market Share Analysis, By Component
11.3 Asia Pacific Advanced Lithium-Ion Batteries Market Size and Forecast, By End User
11.4 Asia Pacific Advanced Lithium-Ion Batteries Market Size and Forecast, By Material
11.5 Asia Pacific Advanced Lithium-Ion Batteries Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Advanced Lithium-Ion Batteries Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Advanced Lithium-Ion Batteries Market Share Analysis, By Component
12.3 Latin America Advanced Lithium-Ion Batteries Market Size and Forecast, By End User
12.4 Latin America Advanced Lithium-Ion Batteries Market Size and Forecast, By Material
12.5 Latin America Advanced Lithium-Ion Batteries Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Advanced Lithium-Ion Batteries Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Advanced Lithium-Ion Batteries Market Share Analysis, By Component
13.3 Middle East Advanced Lithium-Ion Batteries Market Size and Forecast, By End User
13.4 Middle East Advanced Lithium-Ion Batteries Market Size and Forecast, By Material
13.5 Middle East Advanced Lithium-Ion Batteries Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 LG Chem Limited
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Panasonic Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Samsung SDI Corporation Limited
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Toshiba Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Amperex Technology Limited (ATL)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 BAK Group
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Blue Energy Co. Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 BYD Company Limited
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 CBAK Energy Technology Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Tianjin Lishen Battery Joint-Stock Corporation Limited
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Lithion Battery (Valence Technology Inc.)
15.
11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 SK Innovation Corporation Limited
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Hitachi Limited
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 Battrix
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
