Global Lithium-Ion Battery Market to $100.43 Billion by 2025 at 17.1% CAGR, Says Allied Market Research

Increase in demand for smartphones, tablets, and other electronic devices, rise in demand for automotive, and higher efficiency requirements in technologically updated consumer gadgets drive the growth of the global lithium-ion battery market. The market across Asia-Pacific held the lion’s share in 2018, accounting for around two-fifths of the market. However, the electrolytic solution segment is projected to manifest the fastest CAGR of 17% during the forecast period.

/EIN News/ -- Portland, OR, Feb. 19, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global lithium-ion battery market was pegged at $33.24 billion in 2018 and is expected to reach $100.43 billion by 2025, registering a CAGR of 17.1% from 2018 to 2025.

Rise in demand for smartphones, tablets, and other electronic devices, increasing demand for electrical vehicles, hybrid electric vehicles, and plug-in hybrid vehicles, and stringent government regulations to control increasing pollutions have boosted the growth of the global lithium-ion battery market. However, high price of lithium-ion batteries hampers market growth. On the contrary, higher energy efficiency requirements in technologically updated consumer gadgets are expected to create lucrative opportunities in the near future.

The global lithium-ion battery market is divided on the basis of component, end-use, and geography. Based on the component, the market is categorized into the cathode, anode, electrolytic solution, and others. The cathode segment dominated the market in 2018, contributing nearly one-third of the market. However, the electrolytic solution segment is projected to manifest the fastest CAGR of 17% during the forecast period.

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On the basis of end users, the market is bifurcated into electrical & electronics, automotive, and industrial. The automotive segment held the largest share in 2018, contributing more than half of the market and is expected to continue its dominance throughout the market period. Moreover, the segment is anticipated to register the fastest CAGR of 17.4% during the forecast period.

The global lithium-ion battery market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2018, accounting for around two-fifths of the market. However, the market across North America is projected to register the fastest CAGR of 17.7% during the forecast period.

The report provides an in-depth analysis of the major market players such as Automotive Energy Supply Corporation, LITEC Co., China BAK Battery Co. Ltd., Panasonic Corporation, A123 Systems, Hitachi Chemical Co., Ltd., Samsung SDI Co. Ltd., Toshiba Corporation, LG Chem Power (LGCPI), and GS Yuasa International Ltd.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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