Market Overview:
The global lithium-ion battery pack market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and consumer electronics. Additionally, the growing demand for grid energy storage systems is also contributing to the growth of this market. Some of the major players operating in this market are Tesla (US), Panasonic (Japan), LG Chem (South Korea), Samsung SDI (South Korea) and BYD Company Ltd. (China).
Product Definition:
A lithium-ion battery pack is a collection of lithium-ion cells that are connected together to provide power for electronic devices. They are often used in portable electronics such as laptop computers and cell phones, and they are becoming more common in electric vehicles. Lithium-ion battery packs have several advantages over other types of batteries, including high energy density, long life cycle, and low self discharge rate.
Series Battery Pack:
Series battery pack is a set of batteries connected in series to attain higher voltage. The Series connection increases the overall capacity of the battery by adding individual capacities of each battery in sequence. It has many advantages over parallel connection such as less power loss, more output power, and improved efficiency among others.
The Series Battery Pack market is driven by factors such as growing demand for consumer electronics devices with long-lasting batteries.
Parallel Battery Pack:
Parallel battery pack is a set of two or more batteries connected in series to achieve higher voltage. Theory behind the operation is that if one battery fails, the other battery will take its charge. In case of any situation where both the batteries fail at same time, then last remaining charged up battery will take over and operate your device till you get another set of batteries.
Application Insights:
The consumer electronics segment accounted for a major market share in 2017 and is expected to continue its dominance over the forecast period. The growing use of lithium-ion batteries in portable devices such as smartphones, laptops and cameras has resulted in high demand across the globe. Moreover, increasing sales of electric vehicles is projected to augment demand for lithium-ion battery packs over the forecast period.
Automotive application segment was one of the prominent segments accounting for a significant market share in 2017 owing to rapidly rising adoption rate of advanced energy storage systems (AESS). Increasing number of automotive manufacturers are focusing on developing vehicle range that will cover long distances using only electricity from regenerative braking along with shortening charging times with help Lithium Iron Phosphate (LFP) or Advanced Lead Acid Battery Pack (ALAB).
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, automotive, and medical devices among others. Increasing disposable income levels coupled with rising living standards have triggered consumers to purchase vehicles such as cars, scooters, and motorcycles which require high power batteries for usage at remote locations away from electric outlets. This trend is anticipated to drive industry growth over the coming years.
Europe accounted for a significant share of revenue in 2017 owing to increasing R&D activities by major players toward development of new battery types along with technological advancements across all segments including grid-scale energy storage systems (ESS) and hybrid ESS/battery systems that are used primarily in critical infrastructure applications such as hospitals & clinics or transportation networks like trains & metro stations or ships etc., thereby driving industry growth over the coming years.
Growth Factors:
- Increasing demand for electric vehicles: The global lithium-ion 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 investments in renewable energy: The growth of the lithium-ion battery pack market is also attributed to the growing investments in renewable energy sources such as solar and wind power.
- Rising demand from consumer electronics sector: The increasing adoption of portable electronic devices, such as laptops, smartphones, and tablets is fueling the growth of the lithium-ion battery pack market.
- Development of smart grid infrastructure: Governments across the globe are investing heavily in developing smart grid infrastructure which would help reduce carbon emissions and improve efficiency levels across various sectors. This would create opportunities for players operating in the lithium-ion battery pack market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium-ion Battery Pack Market Research Report
By Type
Series Battery Pack, Parallel Battery Pack
By Application
Consumer Electronics, Automotive, Medical, Grid Energy and Industrial
By Companies
Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Power, Inc., Toshiba Corporation, Hitachi Chemical Co. Ltd, Automotive Energy Supply Corporation, GS Yuasa International Ltd, Johnson Controls, Inc., Shenzhen BAK Battery Co., Ltd., Future Hi-Tech Batteries Limited, Panasonic Corporation, Tianjin Lishen Battery Co. Ltd., Amperex Technology Ltd., Hunan Shanshan Toda Advanced Materials Co. Ltd., Pulead Technology Industry Co., Ltd.
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Lithium-ion Battery Pack Market Report Segments:
The global Lithium-ion Battery Pack market is segmented on the basis of:
Types
Series Battery Pack, Parallel Battery Pack
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
Consumer Electronics, Automotive, Medical, Grid Energy and Industrial
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 Corporation
- Samsung SDI Co. Ltd.
- LG Chem Power, Inc.
- Toshiba Corporation
- Hitachi Chemical Co. Ltd
- Automotive Energy Supply Corporation
- GS Yuasa International Ltd
- Johnson Controls, Inc.
- Shenzhen BAK Battery Co., Ltd.
- Future Hi-Tech Batteries Limited
- Panasonic Corporation
- Tianjin Lishen Battery Co. Ltd.
- Amperex Technology Ltd.
- Hunan Shanshan Toda Advanced Materials Co. Ltd.
- Pulead Technology Industry Co., Ltd.
Highlights of The Lithium-ion 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:
- Series Battery Pack
- Parallel Battery Pack
- By Application:
- Consumer Electronics
- Automotive
- Medical
- Grid Energy and Industrial
- 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-ion 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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-ion battery pack is a set of interconnected cells that store energy in the form of chemical reactions. When you turn on a device, the battery pack sends an electric current through the cells to power your device.
Some of the major companies in the lithium-ion battery pack market are Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Power, Inc., Toshiba Corporation, Hitachi Chemical Co. Ltd, Automotive Energy Supply Corporation, GS Yuasa International Ltd, Johnson Controls, Inc., Shenzhen BAK Battery Co., Ltd., Future Hi-Tech Batteries Limited, Panasonic Corporation, Tianjin Lishen Battery Co. Ltd., Amperex Technology Ltd., Hunan Shanshan Toda Advanced Materials Co. Ltd., Pulead Technology Industry Co., Ltd..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lithium-ion 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-ion Battery Pack Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lithium-ion 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-ion 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-ion Battery Pack Market Size & Forecast, 2018-2028
4.5.1 Lithium-ion Battery Pack Market Size and Y-o-Y Growth
4.5.2 Lithium-ion Battery Pack Market Absolute $ Opportunity
Chapter 5 Global Lithium-ion Battery Pack 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 Lithium-ion Battery Pack Market Size Forecast by Type
5.2.1 Series Battery Pack
5.2.2 Parallel Battery Pack
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lithium-ion Battery Pack 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 Lithium-ion Battery Pack Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Medical
6.2.4 Grid Energy and Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lithium-ion 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-ion 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 Lithium-ion Battery Pack Analysis and Forecast
9.1 Introduction
9.2 North America Lithium-ion Battery Pack 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 Lithium-ion Battery Pack Market Size Forecast by Type
9.6.1 Series Battery Pack
9.6.2 Parallel Battery Pack
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 Lithium-ion Battery Pack Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Automotive
9.10.3 Medical
9.10.4 Grid Energy and Industrial
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 Lithium-ion Battery Pack Analysis and Forecast
10.1 Introduction
10.2 Europe Lithium-ion Battery Pack 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 Lithium-ion Battery Pack Market Size Forecast by Type
10.6.1 Series Battery Pack
10.6.2 Parallel Battery Pack
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 Lithium-ion Battery Pack Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Automotive
10.10.3 Medical
10.10.4 Grid Energy and Industrial
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 Lithium-ion Battery Pack Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lithium-ion Battery Pack 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 Lithium-ion Battery Pack Market Size Forecast by Type
11.6.1 Series Battery Pack
11.6.2 Parallel Battery Pack
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 Lithium-ion Battery Pack Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Automotive
11.10.3 Medical
11.10.4 Grid Energy and Industrial
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 Lithium-ion Battery Pack Analysis and Forecast
12.1 Introduction
12.2 Latin America Lithium-ion Battery Pack 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 Lithium-ion Battery Pack Market Size Forecast by Type
12.6.1 Series Battery Pack
12.6.2 Parallel Battery Pack
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 Lithium-ion Battery Pack Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Automotive
12.10.3 Medical
12.10.4 Grid Energy and Industrial
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) Lithium-ion Battery Pack Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lithium-ion Battery Pack 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) Lithium-ion Battery Pack Market Size Forecast by Type
13.6.1 Series Battery Pack
13.6.2 Parallel Battery Pack
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) Lithium-ion Battery Pack Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Automotive
13.10.3 Medical
13.10.4 Grid Energy and Industrial
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-ion Battery Pack Market: Competitive Dashboard
14.2 Global Lithium-ion Battery Pack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic Corporation
14.3.2 Samsung SDI Co. Ltd.
14.3.3 LG Chem Power, Inc.
14.3.4 Toshiba Corporation
14.3.5 Hitachi Chemical Co. Ltd
14.3.6 Automotive Energy Supply Corporation
14.3.7 GS Yuasa International Ltd
14.3.8 Johnson Controls, Inc.
14.3.9 Shenzhen BAK Battery Co., Ltd.
14.3.10 Future Hi-Tech Batteries Limited
14.3.11 Panasonic Corporation
14.3.12 Tianjin Lishen Battery Co. Ltd.
14.3.13 Amperex Technology Ltd.
14.3.14 Hunan Shanshan Toda Advanced Materials Co. Ltd.
14.3.15 Pulead Technology Industry Co., Ltd.
