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 market growth 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 individual lithium ion cells that are electrically connected. The cells are usually arranged in series or parallel, depending on the voltage and capacity desired. A battery pack can provide power to a device or be used as part of a larger system.
Lithium ion batteries have many advantages over other types of batteries, including high energy density, low self-discharge rate, and long cycle life. They are commonly used in consumer electronics devices such as laptops and smartphones, and also in electric vehicles.
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 such as it can be used at high temperatures, overcharge protection, and deep discharge protection etc., which makes it more preferable than parallel or single cell 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 then other batteries will take its charge. In case of any situation where all the above conditions are met, then there is no loss of power as a result of single battery failure.
In lithium-ion (Li-ion) battery pack, each cell in the pack contains an electrode.
Application Insights:
The consumer electronics segment accounted for the largest revenue 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, tablets, laptops and cameras has resulted in high demand for these batteries across the globe. Furthermore, increasing penetration of e-bikes with integrated lithium-ion battery packs is expected to drive demand over the forecast period.
Automotive application segment was one of the fastest growing segments owing to rising sales of electric vehicles (EVs). Increasing government funding towards research & development on EVs are anticipated to boost market growth over the coming years. In addition, stringent regulations regarding reduction in greenhouse emissions coupled with increasing awareness regarding energy conservation will further propel industry growth during 2018 - 2030 period.
Medical application segment held a significant share due largely to increased usage of power tools by doctors and medical practitioners which require long life span Lithium Ion Battery Packs (LIP).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of smartphone users, which has resulted in high demand for battery-operated devices. China is one of the largest manufacturers of lithium ion batteries globally and this country exports most of its products to North America, Europe, and other regions.
The European market was valued at USD X billion in 2017 owing to growing demand from several major industries including automotive, consumer electronics, grid energy storage system etc., especially from countries such as Germany that have adopted advanced technologies early on during their development cycle. Lithium ion battery packs are also used across various applications including medical devices due to their ability to provide extended run times with minimal weight or volume while remaining portable throughout life expectancy with low maintenance cost per kwhr/mwhr discharged (cost-effective).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for lithium ion battery packs, as they are used to power these vehicles.
- Growing demand from the industrial sector: The industrial sector is one of the key consumers of lithium ion battery packs. This segment is expected to grow at a CAGR of more than 15% during the forecast period, owing to increasing adoption of industrial automation and robotics across various industries.
- Rising investment in renewable energy sources: Renewable energy sources such as solar and wind are becoming increasingly popular across the world due to their environmental benefits and low cost-effectiveness over traditional energy sources such as coal and oil. This is likely to drive investments in renewable energy projects, which will subsequently boost growth prospects for lithium ion battery pack market during the forecast period.
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., LG Chem Power, Inc., Toshiba Corporation, Hitachi Chemical, Automotive Energy Supply Corporation, GS Yuasa International Ltd, Johnson Controls, Inc., Shenzhen BAK Battery., Future Hi-Tech Batteries Limited, BYD., Tianjin Lishen Battery., Amperex Technology Ltd., Hunan Shanshan Toda Advanced Materials., Pulead Technology Industry.
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
234
Number of Tables & Figures
164
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.
- LG Chem Power, Inc.
- Toshiba Corporation
- Hitachi Chemical
- Automotive Energy Supply Corporation
- GS Yuasa International Ltd
- Johnson Controls, Inc.
- Shenzhen BAK Battery.
- Future Hi-Tech Batteries Limited
- BYD.
- Tianjin Lishen Battery.
- Amperex Technology Ltd.
- Hunan Shanshan Toda Advanced Materials.
- Pulead Technology Industry.
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 type of rechargeable battery that uses lithium ions to store energy. These packs are often used in portable electronics, such as laptops and smartphones, because they are lightweight and have a long lifespan.
Some of the major players in the lithium ion battery pack market are Panasonic Corporation, Samsung SDI., LG Chem Power, Inc., Toshiba Corporation, Hitachi Chemical, Automotive Energy Supply Corporation, GS Yuasa International Ltd, Johnson Controls, Inc., Shenzhen BAK Battery., Future Hi-Tech Batteries Limited, BYD., Tianjin Lishen Battery., Amperex Technology Ltd., Hunan Shanshan Toda Advanced Materials., Pulead Technology Industry..
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium Ion Battery Pack 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 Battery Pack 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 Battery Pack Market - Supply Chain
4.5. Global Lithium Ion Battery Pack Market Forecast
4.5.1. Lithium Ion Battery Pack Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium Ion Battery Pack Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium Ion Battery Pack Market Absolute $ Opportunity
5. Global Lithium Ion Battery Pack 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 Battery Pack Market Size and Volume Forecast by Type
5.3.1. Series Battery Pack
5.3.2. Parallel Battery Pack
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium Ion Battery Pack 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 Battery Pack Market Size and Volume Forecast by Application
6.3.1. Consumer Electronics
6.3.2. Automotive
6.3.3. Medical
6.3.4. Grid Energy and Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium Ion Battery Pack 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 Battery Pack 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 Battery Pack 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 Battery Pack 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 Battery Pack Demand Share Forecast, 2019-2026
9. North America Lithium Ion Battery Pack 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 Battery Pack 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 Battery Pack Market Size and Volume Forecast by Application
9.4.1. Consumer Electronics
9.4.2. Automotive
9.4.3. Medical
9.4.4. Grid Energy and Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium Ion Battery Pack Market Size and Volume Forecast by Type
9.7.1. Series Battery Pack
9.7.2. Parallel Battery Pack
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 Battery Pack Demand Share Forecast, 2019-2026
10. Latin America Lithium Ion Battery Pack 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 Battery Pack 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 Battery Pack Market Size and Volume Forecast by Application
10.4.1. Consumer Electronics
10.4.2. Automotive
10.4.3. Medical
10.4.4. Grid Energy and Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium Ion Battery Pack Market Size and Volume Forecast by Type
10.7.1. Series Battery Pack
10.7.2. Parallel Battery Pack
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 Battery Pack Demand Share Forecast, 2019-2026
11. Europe Lithium Ion Battery Pack 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 Battery Pack 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 Battery Pack Market Size and Volume Forecast by Application
11.4.1. Consumer Electronics
11.4.2. Automotive
11.4.3. Medical
11.4.4. Grid Energy and Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium Ion Battery Pack Market Size and Volume Forecast by Type
11.7.1. Series Battery Pack
11.7.2. Parallel Battery Pack
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 Battery Pack Demand Share, 2019-2026
12. Asia Pacific Lithium Ion Battery Pack 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 Battery Pack 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 Battery Pack Market Size and Volume Forecast by Application
12.4.1. Consumer Electronics
12.4.2. Automotive
12.4.3. Medical
12.4.4. Grid Energy and Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium Ion Battery Pack Market Size and Volume Forecast by Type
12.7.1. Series Battery Pack
12.7.2. Parallel Battery Pack
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 Battery Pack Demand Share, 2019-2026
13. Middle East & Africa Lithium Ion Battery Pack 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 Battery Pack 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 Battery Pack Market Size and Volume Forecast by Application
13.4.1. Consumer Electronics
13.4.2. Automotive
13.4.3. Medical
13.4.4. Grid Energy and Industrial
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 Battery Pack Market Size and Volume Forecast by Type
13.7.1. Series Battery Pack
13.7.2. Parallel Battery Pack
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 Battery Pack Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium Ion Battery Pack Market: Market Share Analysis
14.2. Lithium Ion Battery Pack Distributors and Customers
14.3. Lithium Ion Battery Pack Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Panasonic Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samsung SDI.
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 Power, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toshiba Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Automotive Energy Supply Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GS Yuasa International Ltd
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, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shenzhen BAK Battery.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Future Hi-Tech Batteries Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BYD.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tianjin Lishen Battery.
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 Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hunan Shanshan Toda Advanced Materials.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Pulead Technology Industry.
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
