Lithium ion battery Market Size, Share, Company Overview, Growth and Forecast by 2026

The recent business intelligence study on the Lithium ion battery market offers crucial information on the various factors, such as growth stimulants, obstacles and restraints, and other potential expansions, that will drive the market’s growth . The research analysis claims that this industry will witness a steady growth . Important data about the regional markets and major companies prevailing in this business sector is also documented. Based on present successes and growth potential, numerous factors supporting the overall business expansion is encompassed in the report, along with a thorough examination of the competitive landscape.

Global Lithium ion battery Market is valued approximately USD 43.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16% over the forecast period 2020-2026. A Li-ion battery or lithium-ion battery is a type of rechargeable battery. Lithium-ion batteries are more commonly used in portable electronics, electric vehicles in aerospace and military applications. Lithium ion battery demand is expected to witness significant growth from the end use industries owing to increase adoption of smartphones, digital cameras, tablets and more. Further, Lithium ion battery demand from automotive applications is set to witness strong growth on account of rising focus toward zero emission vehicles coupled with introduction of extensive subsidy schemes & incentives toward EV adoption. Lithium-ion battery is being adopted in the electric vehicles market owing to its light weight and its ability to hold the charge better than any other conventional batteries. Market demand of lithium-ion battery in electric vehicle market not only depends on its performance but also on the prices of lithium-ion battery. For instance, International Renewable Energy Agency have estimated that the global lithium-ion battery production capacity will increase by 521% between 2016 and 2020. They’ve also estimated that the lithium-ion mega factories in China is expected to grow its capacity by six times by the year 2020. Also, according to the International Energy Agency (IEA) 2019, the global electric car deployment has been growing rapidly over the past ten years, the global stock of electric passenger vehicle cars was passed by 5 million in 2018 with an increase of 63% from 2017. Furthermore, developing application within energy sector is expected to create significant growth opportunity in the market over the forecast period. However, safety issues with the transportation and storage of lithium ion battery impedes the growth of the market over the forecast period of 2020-2026.

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Global Lithium ion battery market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to matured electric vehicles and government support in terms of grants and tax rebates in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising growing automotive industry, need for industrial applications and favorable policies would create lucrative growth prospects for the Lithium ion battery market across Asia-Pacific region.

Major market player included in this report are:

BYD Co Ltd.

LG Chem Ltd.

Panasonic Corporation

Samsung SDI Co Ltd.

BAIC Group

GS Yuasa Corporation

Hitachi Ltd.

Johnson Controls

Toshiba Corporation

Lithium Werks

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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 Aluminum Oxide (NCA)

By Power Capacity:

0 TO 3,000 mAH

3,000 TO 10,000 mAH

10,000 TO 60,000 mAH

More Than 60,000 mAH

By Industry:

Consumer Electronics



Aerospace and Defense




By Region:

North America






Asia Pacific




Latin America



Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018

Base year – 2019

Forecast period – 2020 to 2026

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Key Questions answered in the market Report are:

  • Which product segment grabbed the largest share in the market?
  • How is the competitive scenario of the market?
  • Which are the key factors aiding the market growth?
  • Which region holds the maximum share in the market?
  • What will be the CAGR of the market during the forecast period?
  • Which application segment emerged as the leading segment in the market?
  • Which are the prominent players in the market?
  • What key trends are likely to emerge in the market in the coming years?
  • What will be the market size?
  • Which company held the largest share in the market?

Main Points Covered from TOC:

1 Market Overview

1.1 Product Overview and Scope of

1.2 Segment by Type

1.3 Segment by Application

1.4 Global Market Growth Prospects

1.5 Global Market Size by Region

2 Market Competition by Manufacturers

2.1 Global Production Market Share by Manufacturers

2.2 Global Revenue Market Share by Manufacturers

2.3 Market Share by Company

2.4 Global Average Price by Manufacturers

2.5 Manufacturers Production Sites, Area Served, Product Types

2.6 Market Competitive Situation and Trends

3 Production by Region

3.1 Global Production of Market Share by Region

3.2 Global Revenue Market Share by Region

3.3 Global Production, Revenue, Price and Gross Margin

3.4 North America Production

3.5 Europe Production

3.6 China Production

4 Global Consumption by Region

4.1 Global Consumption by Region

4.2 North America

4.3 Europe

4.4 Asia Pacific

4.5 Latin America

5 Market Segment by Type

5.1 Global Production Market Share by Type

5.2 Global Revenue Market Share by Type

5.3 Global Price by Type

6 Segment by Application

6.1 Global Production Market Share by Application

6.2 Global Revenue Market Share by Application

6.3 Global Price by Application

7 Key Companies Profiled

7.1 Company A

7.1.1 Corporation Information

7.1.2 Product Portfolio

7.1.3 Production, Revenue, Price and Gross Margin

7.1.4 Main Business and Markets Served

7.1.5 Recent Developments/Updates

7.2 Company B

7.2.1 Corporation Information

7.2.2 Product Portfolio

7.2.3 Production, Revenue, Price and Gross Margin

7.2. Main Business and Markets Served

7.2.5 Recent Developments/Updates

8 Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application

14 Research Finding and Conclusion

15 Methodology and Data Source

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