Market Overview:
The global lithium battery pack market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and consumer electronics. Lithium cobalt oxide (LCO) is the most commonly used type of lithium-ion battery, owing to its high energy density. However, it has a shorter cycle life and low thermal stability compared with other types of lithium-ion batteries. Lithium magnesium oxide (LMO) batteries are becoming increasingly popular due to their high safety and thermal stability ratings. They also have a longer cycle life than LCO batteries. Lithium iron phosphate (LFP) batteries are another type of safe and long-lasting lithium-ion battery that is finding increased use in electric vehicles and grid energy storage applications. Other types of lithium ion batteries include nickel manganese cobalt oxide (NMC), nickel cobalt aluminum oxide (NCA), and lithum titanate (LTO). Regionally, North America dominates the global market for lithium battery packs due to the large number of electric vehicle manufacturers in this region as well as stringent government regulations mandating their adoption.
Product Definition:
A lithium battery pack is a collection of lithium ion cells electrically connected in series or parallel. Packs are designed for specific applications and may include protection circuits, monitoring circuits, and other features. They are used in a wide range of products, from consumer electronics to electric vehicles.
Lithium Cobalt Oxide:
Lithium cobalt oxide is a chemical compound of lithium and cobalt. It has a white powder form, which is insoluble in water and ethanol but dissolves in diethyl ether or oil. This material has the ability to absorb energy from an electric battery when used as an additive for cathode materials such as graphite or carbon nanotubes.
Lithium Magnesium Oxide:
Lithium magnesium oxide (NMC) is a compound of lithium and magnesium. It has the formula 3LiMnO2. This material has been used as an electrolyte in lithium-ion batteries since 2010, when Panasonic introduced its product for use in consumer electronics products such as laptops and cell phones.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing automotive sector, especially in countries like China, India, and Japan is expected to have a positive impact on market growth. Increasing production of electric vehicles in countries like U.S., Germany, South Korea, and Japan is also likely to contribute positively towards industry growth during the forecast period.
The consumer electronics segment held a significant share of 9% in 2017 owing to increasing demand for lithium-ion batteries from portable devices including smartphones and laptops across various applications such as power banks and tablets among others. Rising demand for high performance lithium-ion batteries from various consumer electronic products including smartphones will further boost industry growth during the estimated time frame.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing demand for consumer electronics, grid energy storage systems, and electric vehicles. China is one of the largest markets for lithium batteries globally owing to increasing investments in EVs and wind-powered EVSEs.
The European market was valued at USD X million in 2017 as it accounted for nearly 12% of global battery production that year. Germany emerged as a major contributor to regional growth with other countries such as France, Russia, U K.
North America held a significant share owing to presence of key players such as LG Chem Ltd., Amprius Inc.
Growth Factors:
- Increasing demand for electric vehicles: The global lithium battery pack market is expected to grow at a CAGR of more than 15% from 2017 to 2025, owing to the increasing demand for electric vehicles.
- Growing popularity of energy storage systems: Lithium battery packs are increasingly being used in energy storage systems due to their high efficiency and long life cycle. This is expected to drive the market growth during the forecast period.
- Rising investments in renewable energy projects: Governments and private investors are investing heavily in renewable energy projects, which is likely to boost the demand for lithium battery packs in the coming years.
- Proliferation of smart devices: With the proliferation of smart devices such as smartphones, tablets, and laptops, there is an increase in demand for batteries that can provide longer run times between charges. This is likely to propel the growth of lithium battery pack market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Battery Pack Market Research Report
By Type
Lithium Cobalt Oxide, Lithium Magnesium Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt Oxide, Lithium Nickel Cobalt Aluminium Oxide, Lithium Titanate
By Application
Automotive, Consumer Electronics, Medical, Grid Energy and Industrial, Others
By Companies
Panasonic, Samsung SDI, LG Chem, Toshiba, Hitachi Chemical, AESC, Shenzhen Bak Battery, Future Hi-Tech Batteries, BYD, CATL, DNK Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Battery Pack Market Report Segments:
The global Lithium Battery Pack market is segmented on the basis of:
Types
Lithium Cobalt Oxide, Lithium Magnesium Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt Oxide, Lithium Nickel Cobalt Aluminium Oxide, Lithium Titanate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Consumer Electronics, Medical, Grid Energy and Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- Samsung SDI
- LG Chem
- Toshiba
- Hitachi Chemical
- AESC
- Shenzhen Bak Battery
- Future Hi-Tech Batteries
- BYD
- CATL
- DNK Power
Highlights of The Lithium Battery Pack Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lithium Cobalt Oxide
- Lithium Magnesium Oxide
- Lithium Iron Phosphate
- Lithium Nickel Manganese Cobalt Oxide
- Lithium Nickel Cobalt Aluminium Oxide
- Lithium Titanate
- By Application:
- Automotive
- Consumer Electronics
- Medical
- Grid Energy and Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lithium Battery Pack Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A lithium battery pack is a type of rechargeable battery that uses lithium ions to store energy. Lithium ion batteries are popular because they have a high capacity and can be recharged quickly.
Some of the key players operating in the lithium battery pack market are Panasonic, Samsung SDI, LG Chem, Toshiba, Hitachi Chemical, AESC, Shenzhen Bak Battery, Future Hi-Tech Batteries, BYD, CATL, DNK Power.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lithium Battery Pack Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lithium Battery Pack Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lithium Battery Pack Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lithium Battery Pack Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lithium Battery Pack Market Size & Forecast, 2020-2028
4.5.1 Lithium Battery Pack Market Size and Y-o-Y Growth
4.5.2 Lithium Battery Pack Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lithium Cobalt Oxide
5.2.2 Lithium Magnesium Oxide
5.2.3 Lithium Iron Phosphate
5.2.4 Lithium Nickel Manganese Cobalt Oxide
5.2.5 Lithium Nickel Cobalt Aluminium Oxide
5.2.6 Lithium Titanate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Consumer Electronics
6.2.3 Medical
6.2.4 Grid Energy and Industrial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lithium Battery Pack Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lithium Battery Pack Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lithium Cobalt Oxide
9.6.2 Lithium Magnesium Oxide
9.6.3 Lithium Iron Phosphate
9.6.4 Lithium Nickel Manganese Cobalt Oxide
9.6.5 Lithium Nickel Cobalt Aluminium Oxide
9.6.6 Lithium Titanate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Consumer Electronics
9.10.3 Medical
9.10.4 Grid Energy and Industrial
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lithium Cobalt Oxide
10.6.2 Lithium Magnesium Oxide
10.6.3 Lithium Iron Phosphate
10.6.4 Lithium Nickel Manganese Cobalt Oxide
10.6.5 Lithium Nickel Cobalt Aluminium Oxide
10.6.6 Lithium Titanate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Consumer Electronics
10.10.3 Medical
10.10.4 Grid Energy and Industrial
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lithium Cobalt Oxide
11.6.2 Lithium Magnesium Oxide
11.6.3 Lithium Iron Phosphate
11.6.4 Lithium Nickel Manganese Cobalt Oxide
11.6.5 Lithium Nickel Cobalt Aluminium Oxide
11.6.6 Lithium Titanate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Consumer Electronics
11.10.3 Medical
11.10.4 Grid Energy and Industrial
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lithium Cobalt Oxide
12.6.2 Lithium Magnesium Oxide
12.6.3 Lithium Iron Phosphate
12.6.4 Lithium Nickel Manganese Cobalt Oxide
12.6.5 Lithium Nickel Cobalt Aluminium Oxide
12.6.6 Lithium Titanate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Consumer Electronics
12.10.3 Medical
12.10.4 Grid Energy and Industrial
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lithium Cobalt Oxide
13.6.2 Lithium Magnesium Oxide
13.6.3 Lithium Iron Phosphate
13.6.4 Lithium Nickel Manganese Cobalt Oxide
13.6.5 Lithium Nickel Cobalt Aluminium Oxide
13.6.6 Lithium Titanate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Consumer Electronics
13.10.3 Medical
13.10.4 Grid Energy and Industrial
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lithium Battery Pack Market: Competitive Dashboard
14.2 Global Lithium Battery Pack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Samsung SDI
14.3.3 LG Chem
14.3.4 Toshiba
14.3.5 Hitachi Chemical
14.3.6 AESC
14.3.7 Shenzhen Bak Battery
14.3.8 Future Hi-Tech Batteries
14.3.9 BYD
14.3.10 CATL
14.3.11 DNK Power
