Global market for lithium-ion batteries (Li-ion) reaches $ 82.5 billion by 2026

By On Mar 31, 2022

, / PRNewswire / – A new market study published by Global Industry Analysts Inc., (GIA) the premier market research firm, today released its report entitled “Lithium-Ion (Li-Ion) Batteries – Global Market Trajectory & Analytics”. . The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE What’s New for 2022?

Edition: 7; Published: March 2022Executive Pool: 6171Companies: 245 – Games covered include Coslight India Telecom Pvt. Ltd .; Electrovaya, Inc.; EnerDel, Inc.; GS Yuasa Corporation; Highpower International, Inc .; Hitachi Chemical Co., Ltd .; HYB Battery Co., Ltd .; Johnson Controls, Inc.; Kokam Co., Ltd .; LG Chem; Li-Tec Batterie GmbH; MINAMOTO Battery (HK) Ltd .; Panasonic Corporation; Samsung SDI Co., Ltd; SK Innovation Co., Ltd .; Sony Corporation; Sunwoda Electronic Co., Ltd .; Tianjin Lishen Battery Joint-Stock Co., Ltd .; Toshiba Corporation; A123 Systems LLC; Automotive Energy Supply Corporation (AESC); Blue Energy Canada, Inc .; BYD Co., Ltd .; Cell-Con, Inc.; CNEBIKES Co., Ltd. and others.Discover: All major geography and key segmentsSegments: Chemistry (Lithium Nickel Manganese Cobalt (NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Nickel Cobalt Aluminum Oxide (NCA), Other Chemistry); End Consumption (Consumer Electronics, Automotive, Aerospace & Defense, Marine, Healthcare, Other End-Uses) Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and the rest of Europe); Asia-Pacific (Australia; India; South Korea; and the rest of the Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and the rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and the rest of the Middle East); in Africa.

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Global lithium-ion (Li-ion) battery market to reach US $ 82.5 billion by 2026. ranging from smartphones and smartwatches to electric vehicles (EVs) and energy storage systems. Since their commercial launch in 1991, Li-Ion batteries have undergone significant improvements in performance and capabilities, making them indispensable for a range of products. Consumer demand for batteries with new features such as high-energy density, long life, light weight and environmentally friendly features contributes to the growing use of Li-Ion batteries. Lithium-ion batteries have also emerged as the preferred option for the rapidly expanding market for electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHEVs), along with energy storage applications. Li-ion batteries are considered as a good replacement for NiMH batteries as they produce twice the amount of energy for the same weight and provide enhanced output and longer mileage. Lithium-ion battery is also positioned as an energy storage of the future, driven by advances in the fields of nanotechnology and the development of advanced chemistry in electrode design. Li-ion battery market is also ready to take advantage of the escalating need for automation and the increasing use of battery-operated material handling equipment in various industries. With strict emission regulations being implemented, a growing number of material handling equipment manufacturers are switching to electrical variants, so that the demand for Li-ion batteries in such equipment is being used.

In the wake of the COVID-19 crisis, the global market for lithium-ion (Li-Ion) batteries is estimated at US $ 48.9 billion by 2022, projected to reach a revised size of US $ 82.5 billion by 2026, growing at a CAGR of 13.3% over the analysis period. Lithium nickel manganese cobalt (NMC), one of the segments analyzed in the report, is expected to grow at a 16% CAGR to reach $ 46.4 billion by the end of the analysis period. Following a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium Iron Phosphate (LFP) segment is being adjusted to a revised 11.5% CAGR for the next 7-year period. This segment currently accounts for a 26.6% share of the global lithium-ion (Li-ion) battery market. The market for lithium nickel manganese cobalt (NMC) batteries is forecast to grow the fastest over the analysis period. The key advantage of NMC batteries is its high energy density, while ensuring good stability due to the optimal ratio of nickel, manganese and cobalt. Another advantage is that NMC batteries have a good charge and discharge cycle. All of these features contribute to the growing use of NMC in automobiles, electrical storage devices, portable devices and power tools. NMC technology is expected to be used as a replacement material for NCA and LCO batteries in mobile phones, tablets and notebooks, due to its lighter weight and slimmer shape. In electric vehicles, NMC ensures a high level of safety. The LFP battery segment is estimated to calculate a decent revenue share in the coming years. High score in terms of safety and longevity, these batteries are expected to benefit from the increase in usage in portable and stationary devices due to their superior load current along with enhanced durability.

The US market is estimated at $ 7.5 billion by 2022, while China is projected to reach $ 16.5 billion by 2026. The lithium-ion (Li-ion) battery market in the US is estimated at US $ 7.5 billion in 2022. 15.3% share of global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US $ 16.5 billion by 2026, following a CAGR of 16.5% through the analysis period. Among the other notable geographic markets are Japan and Canada, all forecast to grow to 10.2% and 12% respectively over the analysis period. Within Europe, Germany is forecast to grow at around 12.3% CAGR, while the rest of the European market (as defined in the study) will reach US $ 5 billion by the end of the analysis period. With Asia-Pacific home to some of the leading electronics companies, the Li-Ion battery market is poised for growth. Driven mainly by the growing sales of consumer electronics and EVs and increasing emphasis on renewable energy systems, particularly in China and India, the Li-ion battery market is witnessing strong growth in the Asia-Pacific region. The European market for Li-Ion batteries is driven by the growing adoption of EVs and the increasing sales of portable electronic devices. The enhanced focus on energy storage systems, specifically for renewable energy technologies, presents growth opportunities for the market. The US market for Li-ion battery is driven by the growing emphasis on the use of energy storage systems and the growing importance of clean energy technologies.

Lithium cobalt oxide (LCO) segment to reach $ 5.8 billion by 2026. extended service life and low cost. The LCO battery segment is predicted to gain compelling benefits from these solutions, including enhanced performance, high power and super capacity. In the Global Lithium Cobalt Oxide (LCO) segment, the US, Canada, Japan, China and Europe will estimate the 3.6% CAGR for this segment. These regional markets, which have a combined market size of US $ 3.3 billion, will reach a projected size of US $ 4.3 billion by the end of the analysis period. China will continue to grow the fastest in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US $ 854.8 million by 2026, while Latin America will expand with a 4.9% CAGR through the analysis period. More

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So, with this information at hand, a common 100Ah-150Ah lithium battery of this type can supply enough power to power a maximum of a 1000w inverter. When you calculate the consumption of an inverter, you take the output wattage of the inverter and divide it by the battery voltage, ie 1000W ÷ 12V = 83.33 Amps.

Contents

Can I replace car battery with lithium-ion?

Can you replace the lead acid battery with lithium? Yes, you can replace your lead acid battery with a lithium ion. However, there are a few things you need to know first before making the transition. You do not need any external charger to charge your lithium-ion battery.

Can I charge a lead acid battery with a lithium battery? If you want to use a lead-acid charger on a lithium battery, you can ALWAYS not use a lead-acid charger if it has an automatic “leveling mode” which can not be permanently switched off.

Can you replace a car battery with a lithium battery?

Questions about lithium compatibility with a car Absolutely, in any case, our special lithium chemistry works as a direct replacement for lead / acid batteries without any modifications required to the system settings of the vehicle.

Can I replace lead acid battery with lithium ion?

The answer is YES, you can absolutely replace lead acid batteries with lithium in marine and RV applications – but here are some considerations to help you decide if upgrading to lithium batteries is the right lead acid battery alternative for your boat , Camper, or RV.

Can you replace car battery with lithium?

Can I replace lead acid battery with lithium ion? The answer is YES, you can absolutely replace lead acid batteries with lithium in marine and RV applications – but here are some considerations to help you decide if upgrading to lithium batteries is the right lead acid battery alternative for your boat , Camper, or RV.

Can lithium batteries be used in a car?

Most plug-in hybrids in all-electric vehicles use lithium-ion batteries like these. Power storage systems, usually batteries, are essential for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and all-electric vehicles (EVs).

Why are lithium-ion batteries not used in cars?

Sensitive to high temperature The Li-Ion car battery is highly susceptible to excessive heat. Overheating the device or overcharging the battery generally leads to more heat. The heat causes the cells of the battery to decompose faster than they normally do.

Is a lithium battery better than a regular battery?

Lithium batteries are more expensive than their alkaline equivalents, but last for a much longer life. In a case study on Energizer AA batteries, using Energizer Ultimate Lithium and Energizer Max Alkaline, it was shown that lithium batteries last for 8 and even 10 cycles longer.

How often should you charge lithium-ion batteries? Charge the battery to about 50% of capacity at least once every six months. Remove the battery and store it separately from the product. Store the battery at temperatures between 5 ° C and 20 ° C (41 ° F and 68 ° F).

Are most batteries lithium ion?

Lithium batteries are widely used in portable consumer electronic devices. The term “lithium battery” refers to a family of different lithium metal chemistry, which includes many types of cathodes and electrolytes, but all with metallic lithium as the anode. The battery requires from 0.15 to 0.3 kg of lithium per kWh.

Are regular batteries lithium ion?

Chemically, standard lithium batteries contain pure metallic lithium, while lithium ion batteries use lithium compounds.

What percentage of batteries are lithium?

Of the battery-powered vehicles, lithium-ion (Li-ion) forms 95-99% of these batteries. However, the widely adopted rechargeable battery is not optimal for safety or resource consumption.

What batteries are lithium ions?

Of all the different types of lithium-ion batteries, three types of cell chemistry emerge as used extensively in electric vehicles on and off highways: lithium ferrophosphate, or lithium iron phosphate (LFP), lithium nickel manganese cobalt oxide (NMC), and lithium nickel cobalt Alumina (NCA).

Which battery is better lithium or alkaline?

Lithium batteries, unlike alkaline ones, are capable of delivering a strong energy flow after a long period of low discharge. This makes them ideal for fire alarms. Alkaline batteries offer good, long-term power, but they lose power over time.

Are lithium AAA batteries better than alkaline?

A lithium AAA battery weighs about 33% less than an alkaline AAA battery. This is because lithium is light – it is the lightest metal and lightest solid element under standard conditions. It makes lithium AAA better for portable devices and alkaline AAA batteries the better choice for corded items.

Which type of battery is best?

NiMH batteries have replaced nickel cadmium (NiCd) batteries as the preferred cylindrical rechargeable battery. They offer higher energy capacity (up to 50 percent more) than NiCd batteries and avoid the high toxicity of cadmium.

Do lithium or alkaline batteries last longer?

However, lithium iron disulfide batteries, or lithium batteries, have several distinct advantages over their alkaline counterparts: They are designed to last longer, making them a good choice for high-tech and smart devices, and the electronics for changing the battery is inconvenient.

Are lithium batteries better than AGM?

Lifespan: All batteries degrade over time, but lithium-ion batteries consistently survive AGM. Factors such as greater discharge depth make lithium-ion batteries more elastic and help these batteries up to six times the life cycle of AGM alternatives.

Do lithium batteries last longer than batteries?

A lithium battery can cost 5 times more than an alkaline battery, but it will take about 8 to 10 times longer in operation, with a similar durability when not in use.

What are the disadvantages of lithium-ion batteries?

Unsafe at higher temperatures Another major disadvantage of lithium-ion batteries is that they are unsafe to use at higher temperatures. Even in the case of smartphones that overheat, Li-Ion batteries can become explosive and catch fire.

Are lithium batteries better than deep cycle battery?

Comparison Overview Discharge: Lithium-ion battery reaches almost 100% charge and discharge, with even the worst, have 80% efficiency. On the other hand, deep-cycle lead acid batteries typically have less than 80% charge discharge efficiency, and can range from 50% to 95%.

Can you jump start a lithium car battery?

Lithium-ion jump starters have a high number of amplifiers and can start several times before they need to be charged. It can be used anywhere: To drain your battery in the past, you needed another car or tow truck jumper service.

How do you charge a dead lithium-ion battery?

Can a dead lithium-ion battery be restored?

This allows the cells to rejuvenate when they appear dead. Can you revive a dead lithium-ion battery? Yes, it is possible to revive a dead lithium-ion battery with a few simple and practical tools. However, these batteries can be very volatile, especially if handled improperly.

How do you bring lithium batteries back to life?

Seal the Li-Ion battery in an airtight bag and put it in the fridge for about 24 hours so that there is no moisture in the bag that can get the battery wet. When you take it out of the freezer, allow it to digest for up to eight hours to restore it to room temperature.

Is Lithium battery repairable?

In theory, replacing a dud lithium cell in a battery should be really easy. However, manufacturers make the repair of broken lithium batteries almost impossible. They weld and glue them tightly together, making it impossible to reach individual cells, explains man-with-mission Amrit Chandan.

How do you fix a lithium battery that won’t charge?

If your battery no longer holds its charge and runs out extremely fast, you can save it by making a full charging station. You need to completely drain the battery for it to work, so when it reaches zero percent, continue charging it until it does not even have enough power to boot.

Can you jumpstart a lithium battery?

Can you jump a lithium battery at home? Yes, you can jumpstart, you need a fully charged battery that you can use to jump the dead battery. Place the batteries side by side. Next, take two short insulated wires and connect them to match the polarity between the two batteries.

Can you jump a lithium battery with a lead acid battery?

Different types of lithium batteries and lead-acid batteries are not recommended for use together as the load characteristics and capacities of the battery are different, leading to abnormal conditions and safety issues. Batteries with completely different performances should not be used in parallel.