Li-ion Portable Battery Market Scope
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.
According to AMA, the Global Li-ion Portable Battery market is expected to see growth rate of 16.3% and may see market size of USD92.5 Billion by 2026.
Research Analyst at AMA estimates that United States, Japanese, South Korean Manufacturers will contribute to the maximum growth of Global Li-ion Portable Battery market throughout the predicted period.
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) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Li-ion Portable Battery market by Type (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)), by Application (Consumer Electronics, Automotive, Aerospace and Defense, Marine, Medical, Industrial and Power) and Region with country level break-up.
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).
Market Leaders and their expansionary development strategies
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.
- Smaller, Lighter, More Powerful Batteries
- Replacement of Conventional Batteries with Li-Ion-Based Batteries
- 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
- The Rapid Growth of Plugin Hybrid Electrical Vehicles across the Globe
- Developing Application within the Energy Sector
- Safety Issues Related to Storage and Transportation of Spent Batteries
- Overheating of Lithium-Ion Batteries
- High Cost of Battery-Operated Industrial Vehicles
Key Target AudienceLi-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