2022 Global Lithium-Ion Battery Market Report: Rapid Proliferation of Electric Vehicles Generates Huge Demand and Further Significant Growth Expected – ResearchAndMarkets.com

DUBLIN–( BUSINESS WIRE )–The “Lithium Ion Battery Market by Component, by Product Type, by Power Type, by Voltage, by Industry and Region Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

The global lithium-ion battery market size is expected to reach USD 113.89 billion in 2030 and will generate a revenue CAGR of 12.0% during the forecast period. The demand for lithium-ion batteries is growing due to their wide application in various applications, such as portable electronics, automobiles and industrial equipment. Automotive is estimated to be the fastest growing application segment during the forecast period. This is attributed to the growing production of electric vehicles (EVs) worldwide.

Lithium-ion is a low-maintenance battery that does not require regular cycling like lead-acid batteries and has a higher energy-to-weight ratio. This makes it an ideal candidate for use in applications where weight is a key factor, such as electric vehicles (EVs). The high initial cost of lithium-ion batteries has been a barrier to their wider adoption, but that is changing as battery prices continue to fall.

Electronic equipment such as smartphones, power tools and laptops contain lithium-ion batteries. The global production of these batteries is currently dominated by Chinese manufacturers, who provide about 80% of world demand.

Electric vehicles (EVs) and hybrid electric vehicles (HEVs) will continue to grow in popularity in the coming years, which is expected to increase demand for lithium-ion batteries.

Some key highlights from the report

For this report, the publisher has segmented the global lithium-ion battery market based on technology, material type, application, and region:

Chemistry Outlook (Revenue, USD Billion; 2019-2030)

Outlook Apps (Revenue, Billion USD; 2019-2030)

End-Use Industry Outlook (Revenue, USD Billion; 2019-2030)

Regional Outlook (Revenue, billion USD; 2019-2030)

Chapter 4. Lithium Ion Battery Market Segmentation & Impact analysis

Chapter 5 Lithium Ion Battery Market by Component Insights & Trends

Chapter 6 Lithium Ion Battery Market by Product Type Insights & Trends

Chapter 7 Lithium Ion Battery Market by Power Type Insights & Trends

Chapter 8 Lithium Ion Battery Market by Voltage Insights & Trends

Chapter 9. Lithium Ion Battery Market by Industry Insights & Trends

Chapter 10. Regional Outlook of Lithium Ion Battery Market

Chapter 11. Competition

For more information on this report, visit https://www.researchandmarkets.com/r/qd032h