Global Li-ion Portable Battery Market Overview:
Lithium-ion batteries (LIB) are a family of rechargeable batteries having high energy density and usually used in consumer electronics. Unlike the disposable lithium primary battery, a LIB uses intercalated lithium compound instead of metallic lithium as its electrode. Usually, these batteries are significantly lighter than other kinds of rechargeable batteries of similar size. These batteries are heavily used in portable electronics. These batteries can be commonly found in PDAs, iPods, laptops, and cell phones, among others. Some of the key players profiled in the study are Byd Company (China), Shenzhen BAK Battery Co., Ltd. (China), Lg Chem (South Korea), Gs Yuasa Corporation (Japan), Panasonic Corporation (Japan), Johnson Controls (United States), A123 Systems (United States), Toshiba Corporation (Japan) and Samsung SDI (South Korea). According to Market Analyst at AMA, the Global Li-ion Portable Battery market may see a growth rate of 16.3% and would reach the market size of USD92.5 Billion by 2024.
On the basis of geography, the market of Li-ion Portable Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Capacity, the sub-segment i.e. 03000 mAh will boost the Li-ion Portable Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Continuously Increasing Demand for the Electric Vehicles & Smart Devices
- Stringent Government Policies on the Fuel Economy and Fuel Consumption
- Rising Need for the Portable Electronic Devices Owing To Their Long-Lasting Shelf Life
- Smaller, Lighter, More Powerful Batteries
- Replacement of Conventional Batteries with Li-Ion-Based Batteries
- Safety Issues Related to Storage and Transportation of Spent Batteries
- The Rapid Growth of Plugin Hybrid Electrical Vehicles across the Globe
- Developing Application within the Energy Sector
- Overheating of Lithium-Ion Batteries
- High Cost of Battery-Operated Industrial Vehicles
Major Market Developments:
On 27 Nov. 2018, Johnson Controls Power Solutions and Toshiba Infrastructure Systems & Solutions Corporation have partnered to deliver low-voltage lithium-ion solutions to meet automaker demands for improved efficiency, lower costs and less complexity. Under the agreement, Johnson Controls will collaborate with Toshiba to develop and manufacture lithium-ion batteries at its Holland, MI, plant and pair them with existing lead-acid battery technology as part of dual-battery systems. and On 13 Feb 2018, A123 Systems LLC, a developer and manufacturer of advanced lithium-ion batteries and systems, announced its investment in Ionic Materials, a materials technology company that has developed a unique polymer electrolyte enabling new levels of safety and performance in advanced batteries.
On 27 June 2018, BYD opened a 24GWh power battery factory in Western Chinas Qinghai province as it prepares to increase total production capacity to 60GWh by 2020. The technologically advanced factory, which is equivalent to the size of 140 football fields, will be the largest in the world after its construction is completed in 2019. It is also BYDs third battery factory in China after Shenzhen and Huizhou. and On 13 March 2018, Panasonic Corporation has begun bulk production of prismatic-type automotive lithium-ion batteries at its factory in Dalian, China. To respond to the market demand, Panasonic has been gearing up to start production at this factory, which is its first production site for prismatic-type automotive lithium-ion batteries in China.
Li-ion Portable Battery Manufacturers, Li-ion Portable Battery Raw Material Suppliers, Li-ion Portable Battery Traders/Distributors/Wholesalers, Li-ion Portable Battery Importer/Exporter, Regulatory & Government Bodies, End Users and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Li-ion Portable Battery market on the basis of product [Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO) and Lithium Nickel Cobalt Aluminum Oxide (NCA)] , application [Consumer Electronics, Automotive, Aerospace and Defense, Marine, Medical, Industrial and Power], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Li-ion Portable Battery market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Li-ion Portable Battery industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Li-ion Portable Battery market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.