Lithium-Ion Power Battery Market Size, Share, Trends, Growth Outlook

The Global Lithium-Ion Power Battery Market is estimated to be US$ 52.5 Billion in 2023. It is poised to register 15.1% growth over the forecast period from 2023 to 2030 to reach US $ 140.5 billion 2030.

 

The market growth is driven by the increasing deployment of renewable energy sources like wind and solar power has driven the need for energy storage solutions. Lithium-ion batteries are widely used in energy storage systems (ESS) to store excess energy for later use, reducing reliance on the grid. Leading companies are focusing on Electric Vehicle (EV) Market Growth, Energy Storage Systems (ESS), Electric Aviation and Maritime, Smart Grids and Microgrids, and others to boost market shares in the industry.

 

Market Overview

The Lithium-Ion Power Battery Market was characterized by substantial growth, primarily driven by the increasing demand for electric vehicles (EVs), energy storage systems, and consumer electronics. EV adoption, innovations in battery technology, and sustainability efforts were key trends and drivers. Challenges included supply chain vulnerabilities and safety concerns. This dynamic market continues to evolve rapidly, and up-to-date information is essential for a precise understanding of its current status and trends.

 

Market Dynamics

Market Trends- Lithium-Ion Batteries in Industrial and Commercial Applications

Lithium-ion batteries play a vital role in industrial and commercial applications within the Lithium-Ion Power Battery Market. The power forklifts, warehouse equipment, and data centers in industrial settings, offer improved efficiency and reduced maintenance compared to traditional batteries. In the commercial sector, lithium-ion batteries serve as backup power systems, ensuring uninterrupted operations during grid outages, highlighting their versatility and reliability in enhancing efficiency in these applications.

 

Market Driver- High-Energy-Density Batteries Demand for Lithium-Ion Power Battery Market

High-energy-density batteries are in strong demand in the Lithium-Ion Power Battery Market, primarily driven by the need for compact and lightweight energy storage solutions in electric vehicles and portable electronic devices like smartphones and laptops. This demand underscores the critical role of high-energy-density lithium-ion batteries in enhancing device performance and energy efficiency within the market.

 

Market Opportunity-Introduction of Technological Advancements

Technological advancements are pivotal in the Lithium-Ion Power Battery Market, focusing on improving energy density, safety, and charging efficiency. Key innovations include solid-state batteries and faster-charging solutions, ensuring lithium-ion batteries remain competitive and meet the evolving demands of diverse industries and applications.

 

Market Share Analysis- Automotive Lithium-Ion Power Battery Market will register the fastest growth

The Global Lithium-Ion Power Battery Market is analyzed across Consumer Electronics, Automotive, Industrial, Energy Storage Systems, Aerospace, Medical Devices, and others. Of these Automotive wills register the fastest growth. The automotive sector is a key driver of the Lithium-Ion Power Battery Market, primarily due to the increasing adoption of electric vehicles (EVs) and hybrids. Lithium-ion batteries power EVs, meeting the energy density and range requirements for electric mobility, and government incentives promoting clean transportation further contribute to their high demand in the automotive industry.

 

Market Share Analysis – High Voltage held a significant market share in 2023

The Global Lithium-Ion Power Battery Market is analyzed across various applications including Energy and High, Medium, Low, and others. Of these, High voltage held a significant market share in 2023. High-voltage systems are integral in the Lithium-Ion Power Battery Market, particularly in electric vehicles (EVs) and energy storage applications. They offer benefits like improved energy density, faster charging, and increased efficiency, crucial for extending EV ranges and enhancing grid-scale energy storage performance. High-voltage systems also enable smaller and lighter battery packs, aligning with the demand for longer EV ranges and more efficient energy storage solutions.

 

Lithium-Ion Power Battery Market Segmentation

By Type

• Below 3000 MAh
• 3000 MAh to 10000 MAh
• 10000 MAh to 60000 MAh
• Above 60000 Mah

By Application

• Consumer Electronics
• Automotive
• Industrial
• Energy Storage Systems
• Aerospace
• Medical Devices
• Others

By Voltage

• Low
• Medium
• High

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Lithium-Ion Power Battery Market Companies

• Samsung SDI Co Ltd (South Korea)
• Tianjin Lishen Battery Joint-Stock Co. Ltd (China)
• LG Energy Solution (South Kora)
• Panasonic Holding Corporation (Japan)
• Narada Power Source Co. Ltd (China)
• BYD Company Ltd (China)
• Sony Electronics (Wuxi) Co. Ltd. (China)
• STL Technology co., LTD (China)
• SK Innovation Co Ltd (South Korea)
• Hitachi Ltd (Japan)

* List not exhaustive

 

Lithium-Ion Power Battery Market Outlook 2023

1 Market Overview

1.1 Introduction to the Lithium-Ion Power Battery Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Lithium-Ion Power Battery Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Lithium-Ion Power Battery Market Companies with Area Served

4.2.2 Products Offerings Global Lithium-Ion Power Battery Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 Post-COVID-19 Scenario- Low Growth Case

5.1.3 Post-COVID-19 Scenario- Reference Growth Case

5.1.4 Post-COVID-19 Scenario- Low Growth Case

 

6 Global Lithium-Ion Power Battery Market Trends

6.1 Global Lithium-Ion Power Battery Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Lithium-Ion Power Battery Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Lithium-Ion Power Battery Revenue (USD Million) and CAGR (%) by Regions (2018-2030)

 

7 Global Lithium-Ion Power Battery Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Lithium-Ion Power Battery Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Lithium-Ion Power Battery Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Lithium-Ion Power Battery Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Lithium-Ion Power Battery Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Lithium-Ion Power Battery Development Regional Status and Outlook

8.1 Global Lithium-Ion Power Battery Revenue (USD Million) By Regions (2018-2022)

8.2 North America Lithium-Ion Power Battery Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Lithium-Ion Power Battery Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Lithium-Ion Power Battery Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Lithium-Ion Power Battery Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Lithium-Ion Power Battery Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Lithium-Ion Power Battery Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Lithium-Ion Power Battery Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Lithium-Ion Power Battery Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) by Applications (2018-2022)

8.5 South America Lithium-Ion Power Battery Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Lithium-Ion Power Battery Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Lithium-Ion Power Battery Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Lithium-Ion Power Battery Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Lithium-Ion Power Battery Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Lithium-Ion Power Battery Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Lithium-Ion Power Battery Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Lithium-Ion Power Battery Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Lithium-Ion Power Battery Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Lithium-Ion Power Battery Development Regional Status and Outlook Forecast

11.1 Global Lithium-Ion Power Battery Revenue (USD Million) By Regions (2023-2030)

11.2 North America Lithium-Ion Power Battery Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Lithium-Ion Power Battery Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Lithium-Ion Power Battery Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Lithium-Ion Power Battery Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Lithium-Ion Power Battery Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Lithium-Ion Power Battery Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Lithium-Ion Power Battery Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Lithium-Ion Power Battery Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million), by Applications (2023-2030)

11.5 South America Lithium-Ion Power Battery Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Lithium-Ion Power Battery Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Lithium-Ion Power Battery Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Lithium-Ion Power Battery Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million), by Region (2023-2030)

11.6.2 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Lithium-Ion Power Battery Market Companies with Areas Served

Table 3 Products Offerings Global Lithium-Ion Power Battery Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Lithium-Ion Power Battery Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Lithium-Ion Power Battery Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Lithium-Ion Power Battery Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Table 11 Global Lithium-Ion Power Battery Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Lithium-Ion Power Battery Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Lithium-Ion Power Battery Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Lithium-Ion Power Battery Market Share (%) By Regions (2018-2022)

Table 16 North America Lithium-Ion Power Battery Revenue (USD Million) By Country (2018-2022)

Table 17 North America Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Table 18 North America Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Lithium-Ion Power Battery Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Lithium-Ion Power Battery Revenue (USD Million) By Country (2018-2022)

Table 26 South America Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Table 27 South America Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Table 33 Global Lithium-Ion Power Battery Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Lithium-Ion Power Battery Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Lithium-Ion Power Battery Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Lithium-Ion Power Battery Revenue (USD)By Country (2023-2030)

Table 38 North America Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Table 39 North America Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Lithium-Ion Power Battery Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Lithium-Ion Power Battery Revenue (USD Million) By Country (2023-2030)

Table 47 South America Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Table 48 South America Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Lithium-Ion Power Battery Revenue Market Share (%) By Type (2022)

Figure 5 Global Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Lithium-Ion Power Battery Revenue Market Share (%) By Applications (2022)

Figure 7 Global Lithium-Ion Power Battery Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Lithium-Ion Power Battery Market Share (%) By Regions (2022)

Figure 9 North America Lithium-Ion Power Battery Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Lithium-Ion Power Battery Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Lithium-Ion Power Battery Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Lithium-Ion Power Battery Revenue Market Share (%) By Type (2030)

Figure 26 Global Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Lithium-Ion Power Battery Revenue Market Share (%) By Applications (2030)

Figure 28 Global Lithium-Ion Power Battery Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Lithium-Ion Power Battery Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Lithium-Ion Power Battery Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Lithium-Ion Power Battery Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Lithium-Ion Power Battery Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches For This Report

Figure 46 Data Triangulation

Lithium-Ion Power Battery Market Segmentation

By Type

• Below 3000 MAh
• 3000 MAh to 10000 MAh
• 10000 MAh to 60000 MAh
• Above 60000 Mah

By Application

• Consumer Electronics
• Automotive
• Industrial
• Energy Storage Systems
• Aerospace
• Medical Devices
• Others

By Voltage

• Low
• Medium
• High

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)