Lithium Ion Battery Market Is Estimated To Reach USD 76.80 Billion In 2024 | CAGR 15.4% - Forencis Research

Lithium Ion Battery Market Summary Size, Share, Trends, Growth, Analysis, Research

Lithium Ion Battery Market: Summary

The global lithium-ion battery market is estimated to reach USD 76.80 Billion in 2024 at a CAGR of 15.4%. Increasing adoption of electric vehicles, and growing demand for consumer electronic and portable devices are expected to drive the lithium ion battery market during the forcasting period. Requirement of protection. Safety issues related to transporation and storage of batteries is expected to restrain the market during the forecast period. Increasing renewable energy sector is expected to become an opportunity for lithium ion market during the forecast period.

Lithium Ion Battery Market

Lithium Ion Battery Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global lithium-ion battery market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of material, the market is segmented into lithium cobalt oxide(LiCoO2), lithium manganese oxide (LiMn2O4), lithium nickel manganese cobalt oxide (LiNiMnCoO2), lithium iron phosphate(LiFePO4), lithium nickel cobalt aluminum oxide (LiNiCoAlO2), and lithium titanate (Li2TiO3). By power capacity, the lithium-ion battery market is segmented into 0 to 3000 mAh, 3000 to 10000 mAh, 10000 to 60000 mAh, and more than 60000 mAh. On the basis of type, the market is segmented into cylindrical type, prismatic type, button type, and pouch type. By end use industry the market is segmented into consumer electronics, automotive, industrial, and aerospace and defense.

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Lithium Ion Battery Market: Report Scope

The report on the lithium-ion battery market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million)

Segments Included

Material, power capacity, type, and end use industry

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Companies Covered

  • Panasonic Corporation (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Dalian CBAK Power Battery Co. Ltd
  • LG Chemicals Ltd
  • Samsung SDI Co Ltd
  • BYD Company
  • Hitachi Chemicals Co Ltd
  • Toshiba Corporation
  • GS Yuasa International Ltd
  • Lithium Werks
  • Sony Corporation
  • Other Key Companies

*Provided for top 10 companies. Subject to availability in public domain.

Research Design

Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. 

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the lithium-ion battery market?
  • What are the evolving applications of lithium-ion battery market?
  • What are the major characteristics that will affect the lithium-ion battery market growth during the study period?
  • Who are the key players operating in the lithium-ion battery market?
  • How are the major players leveraging in the existing market conditions?

Report Audience

  • Lithium-ion battery Market Providers
  • Lithium-ion battery Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of lithium-ion battery Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations


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Rep Id : EP 018

Published : 2019-11-22