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Lithium Ion Battery Market Value to Hit $73 Billion by 2025: Global Market Insights, Inc.
[July 04, 2019]

Lithium Ion Battery Market Value to Hit $73 Billion by 2025: Global Market Insights, Inc.


SELBYVILLE, Del., July 4, 2019 /PRNewswire/ -- The size of the Europe lithium ion battery market is anticipated to witness growth over 11% by 2025. Supportive government policies coupled with a growing automotive industry will stimulate demand for these units. For instance, as per the International Energy Agency, in 2018, the total number of EVs on the road across Europe was over 1 million units.

The U.S. lithium ion battery market in 2018 was valued over USD 8 billion and is set to witness strong growth over the forecast timeframe. Increasing investments toward the development of EV charging infrastructure along with declining costs of electric vehicles will enhance the industry outlook. Growing focus toward environmental emissions coupled with tax incentives associated with adoption of renewable energy technologies will further boost the product penetration.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1135

The China lithium ion battery market will witness growth on account of rising concerns toward high emissions levels associated with the transportation sector coupled with rising demand for consumer electronics. In addition, increasing integration of ESS with renewable energy sources will further augment the business growth.

The global lithium ion battery market will surpass USD 73 billion by 2025, as reported in the latest study by Global Market Insights, Inc. Growing concerns toward environmental emissions coupled with increasing demand for EVs will stimulate market growth. In addition, shifting trends toward the application of renewable energy sources for power generation integrated with ESS will further enhance the industry landscape. For instance, in June 2019, U.S- based Duke Energy, announced 22 MW Li-ion storage projects to balance the demand/supply gap, improve energy security and manage costs associated with T & D infrastructure. The project will aid companies in meeting its target of installing 50 MW of battery energy storage systems by 2022.

The lithium cobalt oxide battery market will expand over 2% by 2025. High specific energy and long run time are some significant features that will favor the deployment of these batteries across consumer electronics including tablets, mobile phones, laptops and cameras. The growing demand of high-performance consumer electronic batteries offering longevity and rapid charging will further enhance growth of the industry.

Browse key industry insights spread across 470 pages with 690 market data tables & 45 figures & charts from the report, "Lithium Ion Battery Market By Chemistry (LFP, LCO, LTO, NMC, NCA, LMO), By Component (Cathode, Anode, Separators, Electrolytes, Aluminum Foil, Copper Foil, Others), By Application (Industrial {Military, Industrial Equipment, Medical, Marine, Others}, Automotive {Hybrid Electric Vehicles, Battery Electric Vehicles}, Consumer Electronics {Smartphones, Laptops, UPS Systems, Smart Cameras, Smart Watches, Smart Glasses, Smart Textiles, Activity Trackers, Others}, Energy Storage), Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Spain, Austria, Netherlands, Sweden, China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Philippines, Saudi Arabia, UAE, Iran, Egypt, Turkey, Morocco, South Africa, Nigeria, Algeria, Brazil, Argentina, Mexico, Chile, Colombia) , Competitive Market Analysis & Forecast, 2019 – 2025" in detail along with the table of contents:



https://www.gminsights.com/industry-analysis/lithium-ion-battery-market

Lithium manganese oxide (LMO) battery market will witness gains on account of strong thermal stability and high power. Enhanced safety and current handling will favor the distribution of these batteries across the transportation sector including electric cars, buses and two-wheelers.


A high adoption rate of activity trackers and smart watches owing to rising concerns toward health and fitness will drive the growth of the lithium ion battery market. Stringent waste disposal norms along with increasing demand for electronic devices will boost product penetration. In addition, a low rate of self-discharge along with high charge density are some of the prominent features favoring the installation of these batteries across the consumer electronics segment.

Significant industry participants operating across the lithium ion battery market include Hitachi Chemical, GS Yuasa, Samsung, LG Chem, Philips, A123 Systems, Sanyo, Toshiba, EnerDel, ProLogium, Saft, Roofer, Valence, Duracell, Energus Power, Tesla and Johnson Controls among others.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1135

Browse Related Reports:

Lead Acid Battery Market By Application (Stationary {Telecommunications, UPS, Control& Switchgear, Others}, Motive, SLI {Automobiles, Motorcycles}), By Construction (Flooded, VRLA), By Sales Channel (OEM, Aftermarket), Industry Analysis Report, Regional Analysis (U.S., Canada, Germany, UK, France, Russia, Italy, Spain, Austria, Netherlands, Sweden, China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Philippines, Saudi Arabia, UAE, Iran, Egypt, Turkey, Morocco, South Africa, Nigeria, Algeria, Brazil, Argentina, Mexico, Chile, Colombia, Venezuela), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018– 2024

https://www.gminsights.com/industry-analysis/lead-acid-battery-market

Traction Battery Market By Application (Electric Vehicles {(BEV, PHEV), (Li-Ion, Ni-MH, Others), (0-20 kWh, 21-60 kWh, 61-90 kWh, Above 90 kWh)} Industrial {Forklifts, {Class1, Class2, Class3} Railroad, Others}, {Lead Acid, Li-Ion, Nickel Based, Others} E-bikes E-scooters, E-motorcycles}, {Lead Acid, Li-ion, Nickel based}), By Chemistry (Lead Acid, Li-Ion, Nickel Based, Others), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico Germany, UK, France, Russia, Italy, Spain, Austria, Netherlands, Sweden, Portugal, Norway, Finland, Belgium, Denmark, China, Japan, India, South Korea, Australia, Thailand, Saudi Arabia, UAE, Turkey, South Africa, Israel, Algeria, Brazil, Argentina, Chile, Colombia, Peru), Price Trends, Competitive Market Share & Forecast, 2018– 2024

https://www.gminsights.com/industry-analysis/traction-battery-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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Related Images

lithium-ion-battery-market.jpg
Lithium Ion Battery Market Forecasts 2019-2025
The worldwide lithium ion battery market is projected to register 11%+ CAGR from 2019 to 2025, impelled by growing demand for electric vehicles.

Related Links

Lithium Ion Battery Market

U.S. Energy Storage Market

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SOURCE Global Market Insights, Inc.


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