Market Overview:
The global lithium-ion batteries for industrial market is expected to grow at a CAGR of XX% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for electric vehicles and energy storage systems. Lithium nickel manganese cobalt (LI-NMC) is expected to be the fastest growing type of lithium ion battery during the forecast period. The application segment for light industrial is expected to grow at a higher CAGR as compared to heavy industrial, owing to increase in demand from sectors such as automotive, aerospace & defense, and medical devices.
Product Definition:
A lithium-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. Li-ion batteries use an intercalated lithium compound as one electrode material, compared to the metallic lithium used in other types of batteries.
Lithium Nickel Manganese Cobalt (LI-NMC):
LI-NMC is a unique formulation of lithium, nickel, manganese and cobalt. It was designed for use in high voltage batteries that are used in wind power generation and other applications where high energy density is required. The material has been developed by researchers at the University of South Carolina (USC) as an alternative to Li-ion batteries used in portable devices such as smartphones and tablets.
Lithium Iron Phosphate (LFP):
Lithium iron phosphate is a chemical compound of the formula (LiFePO4)2. It occurs in nature as a mineral called spodumene and has been known to humans since the Stone Age. The current commercial use of lithium iron phosphate is for producing ceramics, which are used in various industries including construction, automotive & transportation, glass, and electronic devices among others.
Application Insights:
The light industrial segment dominated the overall industry in terms of revenue share in 2017. The growth can be attributed to increasing demand from end-use industries such as consumer electronics, medical equipment and appliances, telecom etc. Moreover, growing emphasis on green technologies is also expected to propel the demand for lithium-ion batteries over the forecast period.
The heavy industrial application segment is projected to witness significant growth over the forecast period owing to rising applications such as forklifts, material handling systems and electric vehicles among others. Increasing investments by governments across various countries are also expected to play a crucial role in boosting product penetration within this sector during future phases of implementation.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players such as Panasonic, Samsung, Sony, LG Chem and others has resulted in high product availability across this region. China is anticipated to witness a significant rise owing to increasing demand from various end-use industries such as automotive, consumer electronics and energy storage.
The European market for lithium-ion batteries was valued at USD X billion in 2017 owing to rising investments by prominent players towards research & development activities for developing advanced Li-ion batteries with improved characteristics such as enhanced cycle life or safety against fire/explosion/short circuit etcetera.
Growth Factors:
- Increasing demand for electric vehicles
- Growing demand from the portable electronics sector
- Rising investment in grid-scale energy storage systems
- Proliferation of smart grids and renewable energy sources
- Advances in battery management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium-ion Batteries for Industrial Market Research Report
By Type
Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminium Oxide (NCA)
By Application
Light Industial, Heavy Industial
By Companies
BAK, BYD, LG Chem, Panasonic, Samsung, GS Yuasa, Hitachi, Johnson Controls, Toshiba, A123 Systems, Saft Batteries, Cell-Con, Amperex Technology, Boston-Power, Ecsem Industrial, Electrovaya
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Lithium-ion Batteries for Industrial Market Report Segments:
The global Lithium-ion Batteries for Industrial market is segmented on the basis of:
Types
Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminium Oxide (NCA)
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
Light Industial, Heavy Industial
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:
- BAK
- BYD
- LG Chem
- Panasonic
- Samsung
- GS Yuasa
- Hitachi
- Johnson Controls
- Toshiba
- A123 Systems
- Saft Batteries
- Cell-Con
- Amperex Technology
- Boston-Power
- Ecsem Industrial
- Electrovaya
Highlights of The Lithium-ion Batteries for Industrial 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 Nickel Manganese Cobalt (LI-NMC)
- Lithium Iron Phosphate (LFP)
- Lithium Cobalt Oxide (LCO)
- Lithium Titanate Oxide (LTO)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminium Oxide (NCA)
- By Application:
- Light Industial
- Heavy Industial
- 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 Batteries for Industrial 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
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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?
Lithium-ion batteries are used in industrial applications such as forklifts, electric vehicles and drones. They have a high energy density, which makes them ideal for these applications.
Some of the key players operating in the lithium-ion batteries for industrial market are BAK, BYD, LG Chem, Panasonic, Samsung, GS Yuasa, Hitachi, Johnson Controls, Toshiba, A123 Systems, Saft Batteries, Cell-Con, Amperex Technology, Boston-Power, Ecsem Industrial, Electrovaya.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium-ion Batteries for Industrial 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. Lithium-ion Batteries for Industrial Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium-ion Batteries for Industrial Market - Supply Chain
4.5. Global Lithium-ion Batteries for Industrial Market Forecast
4.5.1. Lithium-ion Batteries for Industrial Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium-ion Batteries for Industrial Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium-ion Batteries for Industrial Market Absolute $ Opportunity
5. Global Lithium-ion Batteries for Industrial 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. Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Type
5.3.1. Lithium Nickel Manganese Cobalt (LI-NMC)
5.3.2. Lithium Iron Phosphate (LFP)
5.3.3. Lithium Cobalt Oxide (LCO)
5.3.4. Lithium Titanate Oxide (LTO)
5.3.5. Lithium Manganese Oxide (LMO)
5.3.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium-ion Batteries for Industrial 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. Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Application
6.3.1. Light Industial
6.3.2. Heavy Industial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium-ion Batteries for Industrial 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. Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial 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. Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial Demand Share Forecast, 2019-2026
9. North America Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Application
9.4.1. Light Industial
9.4.2. Heavy Industial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Type
9.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
9.7.2. Lithium Iron Phosphate (LFP)
9.7.3. Lithium Cobalt Oxide (LCO)
9.7.4. Lithium Titanate Oxide (LTO)
9.7.5. Lithium Manganese Oxide (LMO)
9.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
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 Lithium-ion Batteries for Industrial Demand Share Forecast, 2019-2026
10. Latin America Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Application
10.4.1. Light Industial
10.4.2. Heavy Industial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Type
10.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
10.7.2. Lithium Iron Phosphate (LFP)
10.7.3. Lithium Cobalt Oxide (LCO)
10.7.4. Lithium Titanate Oxide (LTO)
10.7.5. Lithium Manganese Oxide (LMO)
10.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
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 Lithium-ion Batteries for Industrial Demand Share Forecast, 2019-2026
11. Europe Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Application
11.4.1. Light Industial
11.4.2. Heavy Industial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Type
11.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
11.7.2. Lithium Iron Phosphate (LFP)
11.7.3. Lithium Cobalt Oxide (LCO)
11.7.4. Lithium Titanate Oxide (LTO)
11.7.5. Lithium Manganese Oxide (LMO)
11.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
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 Lithium-ion Batteries for Industrial Demand Share, 2019-2026
12. Asia Pacific Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Application
12.4.1. Light Industial
12.4.2. Heavy Industial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Type
12.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
12.7.2. Lithium Iron Phosphate (LFP)
12.7.3. Lithium Cobalt Oxide (LCO)
12.7.4. Lithium Titanate Oxide (LTO)
12.7.5. Lithium Manganese Oxide (LMO)
12.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
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 Lithium-ion Batteries for Industrial Demand Share, 2019-2026
13. Middle East & Africa Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial 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 Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Application
13.4.1. Light Industial
13.4.2. Heavy Industial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium-ion Batteries for Industrial Market Size and Volume Forecast by Type
13.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
13.7.2. Lithium Iron Phosphate (LFP)
13.7.3. Lithium Cobalt Oxide (LCO)
13.7.4. Lithium Titanate Oxide (LTO)
13.7.5. Lithium Manganese Oxide (LMO)
13.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
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 Lithium-ion Batteries for Industrial Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium-ion Batteries for Industrial Market: Market Share Analysis
14.2. Lithium-ion Batteries for Industrial Distributors and Customers
14.3. Lithium-ion Batteries for Industrial Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BAK
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BYD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LG Chem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GS Yuasa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Johnson Controls
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toshiba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. A123 Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Saft Batteries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cell-Con
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Amperex Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Boston-Power
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ecsem Industrial
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Electrovaya
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
