According to Fact.MR, the global li-ion battery pack market revenue is expected to exceed US$ 75.5 Bn by registering a CAGR of 3% during the forecast period. The rising popularity of electric vehicles will be the primary growth driver for the market in the coming decade. Historically, between 2016 and 2020, sales of lithium-ion battery packs generated a market value of US$ 57.4 billion by the end of the period. The COVID-19 pandemic has had a significant impact on the sales of lithium-ion battery packs.
Sales of lithium-ion battery packs fell as a result of movement restrictions and a drop in vehicle and electronic gadget sales. Manufacturers of lithium-ion battery packs are focusing on increasing battery efficiency. As a result, lightweight batteries are preferred
Download Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=3120
Key Segments Covered
-
Product Type
- Lithium Cobalt Oxide Battery Pack
- Lithium Magnesium Oxide Battery Pack
- Lithium Iron Phosphate Battery Pack
- Lithium Nickle Manganese Cobalt Oxide Battery Pack
- Lithium Nickle Cobalt Aluminium Oxide Battery Pack
- Lithium Titanate Battery Pack
-
Cell Type
- Cylindrical Li-Ion Battery Pack
- Prismatic Li-Ion Battery Pack
- Pouch Li-Ion Battery Pack
-
Nominal Voltage
- Less than 12V Li-Ion Battery Pack
- 12V Li-Ion Battery Pack
- 24V Li-Ion Battery Pack
- More than 24V Li-Ion Battery Pack
-
Battery Capacity
- >20 kWh Li-Ion Battery Pack
- 30-60 kWh Li-Ion Battery Pack
- 60-80 kWh Li-Ion Battery Pack
- More than 80 kWh Li-Ion Battery Pack
-
End Use
- Automotive Li-Ion Battery Pack
- BEV
- PHEV
- HEV
- Consumer Electronics Li-Ion Battery Pack
- Laptops
- Digital Camera
- AIDC
- Others
- Medical Devices Li-Ion Battery Pack
- Industrial & Grid Energy Li-Ion Battery Pack
- Automotive Li-Ion Battery Pack
Key Takeaways from the Market Study
- By type, lithium iron phosphate to hold highest share surpassing US$ 16 Bn
- Automotive industry to be primary end user, accounting for almost 9 out of 10 sales
- Lithium cobalt oxide battery packs to be valued at US$ 64.4 Bn by 2031-end
- Pouch cells set to expand at a CAGR of 4.7%, gaining 271 BPS until 2031
- Nominal voltage less than 12V to generate absolute opportunity worth US$ 8.9 Bn
- U.S to account for 40% of the global li-ion battery pack market until 2031
- Li-ion battery pack industry expected to register a CAGR around 3% throughout Asia.
Competitive Landscape
As the li-ion battery pack market is consolidated with few players, manufacturers are forming partnerships with other players in order to introduce innovative solutions in the industry.
- In March 2020, Toshiba Corporation announces that its SCiB lithium ion battery modules are compliant with Nippon Kaiji Kyokai’s guideline for protection of sea life.
- In February 2021, Johnson Control announces the launch of its Lithium-Ion Risk Prevention System to provide an early warning battery failure in lithium-ion.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global li-ion battery pack market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study indulges essential insights on the market on the basis of product type (Lithium Cobalt Oxide, Lithium Magnesium Oxide, Lithium Iron Phosphate, Lithium Nickle Manganese Cobalt Oxide, Lithium Nickle Cobalt Aluminium Oxide, Lithium Titanate), cell type (Cylindrical, Prismatic, Pouch) Nominal Voltage (Less than 12V, 12V, 24V, More than 24V) Battery Capacity (>20 KWhr, 30-60 KWHr, 60-80, More than 80) End Use (Automotive, Consumer Electronics, Medical Devices, Industrial and Grid Energy) and across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).
For in-depth competitive analysis, Now – www.factmr.com/checkout/3120