The global industrial lion batteries market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for electric vehicles and renewable energy storage systems. The lithium-ion battery technology is being used in various applications such as forklift trucks, automatic guided vehicles, wind and photovoltaic power storage, UPS etc, which are driving the growth of this market.
The lithium-ion battery technology has been widely adopted in various applications such as forklift trucks, automatic guided vehicles, wind and photovoltaic power storage, UPS etc, which are driving the growth of this market. The increasing demand for electric vehicles and renewable energy storage systems is also contributing towards the growth of this market. However, high cost associated with these batteries may hamper its adoption in certain regions such as Asia Pacific & Middle East & Africa due to low purchasing power index (PPI).
- Increasing demand for electric vehicles and increasing investments in renewable energy are some of the factors driving the growth of this market.
- The increasing demand for electric vehicles is one of the major drivers for this market as it will lead to an increase in production and consumption of lithium ion batteries which will result in an increase in demand for industrial li-ion batteries as well as other battery types such as nickel metal hydride (NiMH) and nickel cadmium (NiCd) This will also lead to an increase in investments by governments, private companies, and research organizations into battery technology development which will further fuel growth prospects for this market during the forecast period from 2018 to 2025.
- The increased use of renewable energy sources such as solar power is another factor that is driving growth prospects for this market because it requires a lot more storage capacity than traditional power sources such as coal or nuclear power plants which means that there would be a higher need for industrial li-ion batteries during the forecast period from 2018 to 2025 due to their high storage capacity compared with other battery types such as NiMH or NiCd batteries which have lower storage capacities than industrial li-ion batteries but are cheaper per unit cost when compared with them on a per kilowatt hour basis.
Industry Growth Insights published a new data on “Industrial Li-ion Batteries Market”. The research report is titled “Industrial Li-ion Batteries Market research by Types (Lithium Iron Phosphate Battery (LFP), Lithium Manganese Oxide (LMO), Lithium Cobalt Oxide (LCO), Nickel Cobalt Manganese (NCM), Others), By Applications (Forklift Trucks, Automatic Guided Vehicles, Wind and Photovoltaic Power Storage, UPS, Others), By Players/Companies Panasonic, Hitachi Chemical Co, Bosch, GS Yuasa, SAFT, Statron Ltd, Ultralife Corporation, Toshiba Corporation, Contemporary Amperex Technology Co., Ltd, Shandong Goldencell Electronics Technology Co”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Li-ion Batteries Market Research Report
By Type
Lithium Iron Phosphate Battery (LFP), Lithium Manganese Oxide (LMO), Lithium Cobalt Oxide (LCO), Nickel Cobalt Manganese (NCM), Others
By Application
Forklift Trucks, Automatic Guided Vehicles, Wind and Photovoltaic Power Storage, UPS, Others
By Companies
Panasonic, Hitachi Chemical Co, Bosch, GS Yuasa, SAFT, Statron Ltd, Ultralife Corporation, Toshiba Corporation, Contemporary Amperex Technology Co., Ltd, Shandong Goldencell Electronics Technology Co
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Li-ion Batteries Market Report Segments:
The global Industrial Li-ion Batteries market is segmented on the basis of:
Types
Lithium Iron Phosphate Battery (LFP), Lithium Manganese Oxide (LMO), Lithium Cobalt Oxide (LCO), Nickel Cobalt Manganese (NCM), Others
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
Forklift Trucks, Automatic Guided Vehicles, Wind and Photovoltaic Power Storage, UPS, 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
- Hitachi Chemical Co
- Bosch
- GS Yuasa
- SAFT
- Statron Ltd
- Ultralife Corporation
- Toshiba Corporation
- Contemporary Amperex Technology Co., Ltd
- Shandong Goldencell Electronics Technology Co
Highlights of The Industrial Li-ion Batteries 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 Iron Phosphate Battery (LFP)
- Lithium Manganese Oxide (LMO)
- Lithium Cobalt Oxide (LCO)
- Nickel Cobalt Manganese (NCM)
- Others
- By Application:
- Forklift Trucks
- Automatic Guided Vehicles
- Wind and Photovoltaic Power Storage
- UPS
- 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 Industrial Li-ion Batteries 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.
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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?
Industrial Li-ion batteries are a type of rechargeable battery that is used in a variety of applications, including electric vehicles and portable electronics. These batteries are often lighter and more durable than traditional lithium ion batteries, making them ideal for high-volume manufacturing.
Some of the major companies in the industrial li-ion batteries market are Panasonic, Hitachi Chemical Co, Bosch, GS Yuasa, SAFT, Statron Ltd, Ultralife Corporation, Toshiba Corporation, Contemporary Amperex Technology Co., Ltd, Shandong Goldencell Electronics Technology Co.
The industrial li-ion batteries market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Li-ion Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Li-ion Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Li-ion Batteries Market - Supply Chain
4.5. Global Industrial Li-ion Batteries Market Forecast
4.5.1. Industrial Li-ion Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Li-ion Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Li-ion Batteries Market Absolute $ Opportunity
5. Global Industrial Li-ion Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Li-ion Batteries Market Size and Volume Forecast by Type
5.3.1. Lithium Iron Phosphate Battery (LFP)
5.3.2. Lithium Manganese Oxide (LMO)
5.3.3. Lithium Cobalt Oxide (LCO)
5.3.4. Nickel Cobalt Manganese (NCM)
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Li-ion Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Li-ion Batteries Market Size and Volume Forecast by Application
6.3.1. Forklift Trucks
6.3.2. Automatic Guided Vehicles
6.3.3. Wind and Photovoltaic Power Storage
6.3.4. UPS
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Li-ion Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Li-ion Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Li-ion Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Li-ion Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Li-ion Batteries Demand Share Forecast, 2019-2026
9. North America Industrial Li-ion Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Li-ion Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Li-ion Batteries Market Size and Volume Forecast by Application
9.4.1. Forklift Trucks
9.4.2. Automatic Guided Vehicles
9.4.3. Wind and Photovoltaic Power Storage
9.4.4. UPS
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Li-ion Batteries Market Size and Volume Forecast by Type
9.7.1. Lithium Iron Phosphate Battery (LFP)
9.7.2. Lithium Manganese Oxide (LMO)
9.7.3. Lithium Cobalt Oxide (LCO)
9.7.4. Nickel Cobalt Manganese (NCM)
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Li-ion Batteries Demand Share Forecast, 2019-2026
10. Latin America Industrial Li-ion Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Li-ion Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Li-ion Batteries Market Size and Volume Forecast by Application
10.4.1. Forklift Trucks
10.4.2. Automatic Guided Vehicles
10.4.3. Wind and Photovoltaic Power Storage
10.4.4. UPS
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Li-ion Batteries Market Size and Volume Forecast by Type
10.7.1. Lithium Iron Phosphate Battery (LFP)
10.7.2. Lithium Manganese Oxide (LMO)
10.7.3. Lithium Cobalt Oxide (LCO)
10.7.4. Nickel Cobalt Manganese (NCM)
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Li-ion Batteries Demand Share Forecast, 2019-2026
11. Europe Industrial Li-ion Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Li-ion Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Li-ion Batteries Market Size and Volume Forecast by Application
11.4.1. Forklift Trucks
11.4.2. Automatic Guided Vehicles
11.4.3. Wind and Photovoltaic Power Storage
11.4.4. UPS
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Li-ion Batteries Market Size and Volume Forecast by Type
11.7.1. Lithium Iron Phosphate Battery (LFP)
11.72. Lithium Manganese Oxide (LMO)
11.7.3. Lithium Cobalt Oxide (LCO)
11.7.4. Nickel Cobalt Manganese (NCM)
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Li-ion Batteries Demand Share, 2019-2026
12. Asia Pacific Industrial Li-ion Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Li-ion Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Li-ion Batteries Market Size and Volume Forecast by Application
12.4.1. Forklift Trucks
12.4.2. Automatic Guided Vehicles
12.4.3. Wind and Photovoltaic Power Storage
12.4.4. UPS
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Li-ion Batteries Market Size and Volume Forecast by Type
12.7.1. Lithium Iron Phosphate Battery (LFP)
12.7.2. Lithium Manganese Oxide (LMO)
12.7.3. Lithium Cobalt Oxide (LCO)
12.7.4. Nickel Cobalt Manganese (NCM)
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Li-ion Batteries Demand Share, 2019-2026
13. Middle East & Africa Industrial Li-ion Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Li-ion Batteries Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Li-ion Batteries Market Size and Volume Forecast by Application
13.4.1. Forklift Trucks
13.4.2. Automatic Guided Vehicles
13.4.3. Wind and Photovoltaic Power Storage
13.4.4. UPS
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Li-ion Batteries Market Size and Volume Forecast by Type
13.7.1. Lithium Iron Phosphate Battery (LFP)
13.7.2. Lithium Manganese Oxide (LMO)
13.7.3. Lithium Cobalt Oxide (LCO)
13.7.4. Nickel Cobalt Manganese (NCM)
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Li-ion Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Li-ion Batteries Market: Market Share Analysis
14.2. Industrial Li-ion Batteries Distributors and Customers
14.3. Industrial Li-ion Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Panasonic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hitachi Chemical Co
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bosch
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GS Yuasa
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SAFT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Statron Ltd
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ultralife Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Contemporary Amperex Technology Co., Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shandong Goldencell Electronics Technology Co
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
