Lithium Ion Battery Pack Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028

Published on : Feb-2020 | List of Tables : 84 | List of Figures : 184 | No. of Pages : 170 | Report Code : FACT3120MR | Format :

Rampant Adoption in Electric Vehicles to Fuel Lithium Ion Battery Pack Market Growth

The rapidly burgeoning electric vehicles (EVs) sector is one of the key drivers for the lithium ion battery pack market. The automotive industry has been witnessing a palpable shift from nickel-metal batteries to lithium ion batteries in plug-in vehicles and electric vehicles. Lithium ion battery’s beneficial physical characteristics, such as small size and lightweight properties have bolstered demand for lithium ion batteries across the automotive industry. A significant rise in sales of electric vehicles is mainly attributed to strict government regulations on the fuel economy of vehicles along with increased environmental concerns among consumers. Lithium ion batteries have gained popularity among automakers, especially EV manufacturers, as a cost-efficient and effective alternative to other batteries. With the increasing production of EVs and plug-in vehicles across the world, the global demand for lithium ion batteries is expected to surge in the coming decade. In Fact. MR’s report, it is projected that the lithium ion batteries which are used in electric vehicles will hold more than 92% market share in terms of value and are anticipated to grow at a CAGR of 12.4% by the end of the forecast period.

Lithium Cobalt Oxide to Acquire Majority Chunk of the Global Lithium Ion Battery Pack Market

Lithium cobalt oxide (LCO) batteries offer better electrochemical performance, high capacity ratio, stable structure, and high tap density which helps to enhance the battery volume ratio thus making it suitable for portable electronic devices. Lithium cobalt oxide batteries are used in a wide range of applications such as cellular phones, laptops, and digital cameras, etc. Rapid digitalization around the globe has caused a substantial upsurge in the sales of portable electronic devices such as smartphones & digital cameras etc. The global lithium ion battery pack market is projected to create an absolute $ opportunity of more than US$ 123 billion, valued at more than US$ 189 billion by the end of the forecast period (2019 – 2028), predicts the report recently published by Fact.MR.

lithium ion battery pack market 01

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Asia Pacific to be the Frontrunner in the Lithium Ion Battery Pack Market

The rapid growth of the automotive industry in developing countries has led to a spike in demand for lithium ion battery packs in emerging economies in such as Asia Pacific, China, India, and South Korea. Asia Pacific has emerged as the global manufacturing hub for electric vehicles as well as electronic devices. In addition, China, which is also one of the leading lithium ion battery producing countries in the world, is expected to emerge as a lucrative market for lithium ion battery pack manufacturers in the coming decade. Since the last couple of years, the government of China has an invested than US$ 4.2 billion in lithium deals. In its report, Fact.MR projects that Asia Pacific is projected to hold more than a 48% value share of the global lithium ion battery pack market during the forecast period.

lithium ion battery pack market 02

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Leading Lithium Ion Battery Pack Market Players Focus on Partnerships for Business Opportunities

Lithium ion battery pack market is flourishing as the global electronics industry is experiencing a boost due to the rapid adoption of technological advancements. Leading manufacturers in the lithium ion battery pack market are establishing partnerships with end-use industry leaders to gain a competitive edge over the other market players on a global scale. For Instance, 

  • In February 2018, LG Chem Ltd., a leading Korean chemical company announced a partnership with Mahindra & Mahindra Ltd., an Indian multinational automaker for the development & supply of lithium ion batteries.
  • In June 2018, General Motors Company, an American multinational corporation established a strategic partnership with Honda Motor Company, Ltd., a Japanese public multinational company to develop new lithium ion batteries that can help the automaker to boost the charging rate of its cars and establish a strong presence in North America’s electric vehicles landscape.

Lithium Ion Battery Pack Market - Scope of the Report

Fact.MR recently published a market study on the global market for lithium ion battery pack. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the lithium ion battery pack market structure. The market study presents exclusive information about how the Lithium ion battery pack market will grow during the forecast period of 2019-2028.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the lithium ion battery pack market in the forecast period.

The study is relevant for stakeholders in the lithium ion battery pack market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the lithium ion battery pack market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.

The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the lithium ion battery pack market. It also offers actionable insights based on future trends in the lithium ion battery pack market. Furthermore, small businesses and new entrants in the lithium ion battery pack market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the Lithium Ion Battery Pack Market

Fact.MR’s study on the lithium ion battery pack market offers information divided into four key segments— product, cell type, nominal voltage, battery capacity, end use and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product

Cell Type

Nominal Voltage

Battery Capacity

End Use

Region

  • Lithium Cobalt Oxide
  • Lithium Magnesium Oxide
  • Lithium Iron Phosphate
  • Lithium Nickle Manganese Cobalt Oxide
  • Lithium Nickle Cobalt Aluminum Oxide
  • Lithium Titanate
  • Cylindrical
  • Prismatic
  • Pouch
  • Less than 12V
  • 12V
  • 24V
  • More than 24V
  • Less than 30 kWh
  • 30-60 kWh
  • 60-80 kWh
  • More than 80 kWh
  • Automotive
    • BEV
    • PHEV
    • HEV
  • Consumer Electronics
    •  Laptops
    •  Digital Camera
    • AIDC
    • Others
  • Medical Devices
  • Industrial & Grid Energy
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Key Questions Answered in the Fact.MR’s Lithium Ion Battery Pack Market Report

  • Which regions will continue to remain the most profitable regional markets for lithium ion battery pack market players?
  • Which factors will induce a change in the demand for lithium ion battery pack during the assessment period?
  • How will changing trends impact the lithium ion battery pack market?
  • How can market players capture the low-hanging opportunities in the lithium ion battery pack market in developed regions?
  • Which companies are leading the lithium ion battery pack market?
  • What are the winning strategies of stakeholders in the lithium ion battery pack market to upscale their position in this landscape?

Lithium Ion Battery Pack Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the lithium ion battery pack market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to analysts during the preparation of the lithium ion battery pack market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Lithium Ion Battery Pack Market Demand Analysis 2013-2018 and Forecast, 2019-2028

    5.1. Historical Market Volume (Units) Analysis, 2013-2018

    5.2. Current and Future Market Volume (Units) Projections, 2019-2028

    5.3. Y-o-Y Growth Trend Analysis

6. Lithium Ion Battery Pack Market - Pricing Analysis

    6.1. Regional Pricing Analysis By End Use

    6.2. Pricing Break-up

    6.3. Global Average Pricing Analysis Benchmark

7. Lithium Ion Battery Pack Market Demand (US$ Mn) Analysis 2013-2018 and Forecast, 2019-2028

    7.1. Historical Market Value (US$ Mn) Analysis, 2013-2018

    7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2028

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Global Electric Vehicle Outlook

        8.1.3. Global Policies

    8.2. Energy Storage Industry Outlook

        8.2.1. Comparison of Battery Technology

        8.2.2. Current Li-Ion Battery Chemistry

        8.2.3. Relative Performance Requirement for Major Battery Application

        8.2.4. Battery Market Analysis and Forecast, By Technology Type

        8.2.5. Lithium & Cobalt Demand Evolution by Application

        8.2.6. Cost Breakdown of Battery – Production

        8.2.7. Lithium Ion Battery Production Capacity, by Market Players

    8.3. Forecast Factors - Relevance & Impact

        8.3.1. Adoption of Electric Vehicles

        8.3.2. Demand in Household Energy Storage System

        8.3.3. Demand for high Energy Density batteries in Electronic Products

        8.3.4. Government Regulations

        8.3.5. Price Drop in Li-Ion Batteries

    8.4. Value Chain

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028, by Product

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product, 2013-2018

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product, 2019-2028

        9.3.1. Lithium Cobalt Oxide

        9.3.2. Lithium Magnesium Oxide

        9.3.3. Lithium Iron Phosphate

        9.3.4. Lithium Nickle Manganese Cobalt Oxide

        9.3.5. Lithium Nickle Cobalt Aluminium Oxide

        9.3.6. Lithium Titanate

    9.4. Market Attractiveness Analysis By Product Type

10. Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028, by Cell Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Cell Type, 2013-2018

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Cell Type, 2019-2028

        10.3.1. Cylindrical

        10.3.2. Prismatic

        10.3.3. Pouch

    10.4. Market Attractiveness Analysis By Cell Type

11. Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028, by Nominal Voltage

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Nominal Voltage, 2013-2018

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Nominal Voltage, 2019-2028

        11.3.1. Less than 12V

        11.3.2. 12V

        11.3.3. 24V

        11.3.4. More than 24V

    11.4. Market Attractiveness Analysis By Nominal Voltage

12. Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028, by Battery Capacity

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Battery Capacity, 2013-2018

    12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Battery Capacity, 2019-2028

        12.3.1. Less than 30 kWh

        12.3.2. 30-60 kWh

        12.3.3. 60-80 kWh

        12.3.4. More than 80 KWh

    12.4. Market Attractiveness Analysis By Battery Capacity

13. Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028, by End Use

    13.1. Introduction / Key Findings

    13.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2013-2018

    13.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2019-2028

        13.3.1. Automotive

            13.3.1.1. BEV

            13.3.1.2. PHEV

            13.3.1.3. HEV

        13.3.2. Consumer Electronics

            13.3.2.1. Laptops

            13.3.2.2. Digital Camera

            13.3.2.3. AIDC

            13.3.2.4. Others

        13.3.3. Medical Devices

        13.3.4. Industrial & Grid Energy

    13.4. Market Attractiveness Analysis By End Use

14. Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028, by Region

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2013-2018

    14.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2019-2028

        14.3.1. North America

        14.3.2. Latin America

        14.3.3. Europe

        14.3.4. Asia Pacific Ex. Japan (APEJ)

        14.3.5. Japan

        14.3.6. Middle East and Africa (MEA)

    14.4. Market Attractiveness Analysis By Region

15. North America Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013-2018

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028

        15.4.1. By Country

            15.4.1.1. U.S.

            15.4.1.2. Canada

        15.4.2. By Product

        15.4.3. By Cell Type

        15.4.4. By Nominal Voltage

        15.4.5. By Battery Capacity

        15.4.6. By End Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product

        15.5.3. By Cell Type

        15.5.4. By Nominal Voltage

        15.5.5. By Battery Capacity

        15.5.6. By End Use

16. Latin America Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013-2018

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028

        16.4.1. By Country

            16.4.1.1. Brazil

            16.4.1.2. Mexico

            16.4.1.3. Argentina

            16.4.1.4. Rest of Latin America

        16.4.2. By Product

        16.4.3. By Cell Type

        16.4.4. By Nominal Voltage

        16.4.5. By Battery Capacity

        16.4.6. By End Use

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Product

        16.5.3. By Cell Type

        16.5.4. By Nominal Voltage

        16.5.5. By Battery Capacity

        16.5.6. By End Use

17. Europe Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013-2018

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028

        17.4.1. By Country

            17.4.1.1. EU-4

            17.4.1.2. U.K.

            17.4.1.3. BENELUX

            17.4.1.4. Nordic

            17.4.1.5. Russia

            17.4.1.6. Rest of Europe

        17.4.2. By Product

        17.4.3. By Cell Type

        17.4.4. By Nominal Voltage

        17.4.5. By Battery Capacity

        17.4.6. By End Use

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Product

        17.5.3. By Cell Type

        17.5.4. By Nominal Voltage

        17.5.5. By Battery Capacity

        17.5.6. By End Use

18. Asia Pacific Ex. Japan (APEJ) Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013-2018

    18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028

        18.4.1. By Country

            18.4.1.1. China

            18.4.1.2. India

            18.4.1.3. South Korea

            18.4.1.4. ASEAN

            18.4.1.5. Australia & New Zealand

            18.4.1.6. Rest of APEJ

        18.4.2. By Product

        18.4.3. By Cell Type

        18.4.4. By Nominal Voltage

        18.4.5. By Battery Capacity

        18.4.6. By End Use

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Product

        18.5.3. By Cell Type

        18.5.4. By Nominal Voltage

        18.5.5. By Battery Capacity

        18.5.6. By End Use

19. Japan Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013-2018

    19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028

        19.4.1. By Product

        19.4.2. By Cell Type

        19.4.3. By Nominal Voltage

        19.4.4. By Battery Capacity

        19.4.5. By End Use

    19.5. Market Attractiveness Analysis

        19.5.1. By Product

        19.5.2. By Cell Type

        19.5.3. By Nominal Voltage

        19.5.4. By Battery Capacity

        19.5.5. By End Use

20. Middle East & Africa (MEA) Lithium Ion Battery Pack Market Analysis 2013-2018 and Forecast 2019-2028

    20.1. Introduction

    20.2. Pricing Analysis

    20.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013-2018

    20.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028

        20.4.1. By Country

            20.4.1.1. GCC Countries

            20.4.1.2. South Africa

            20.4.1.3. Israel

            20.4.1.4. Turkey

            20.4.1.5. Rest of MEA

        20.4.2. By Product

        20.4.3. By Cell Type

        20.4.4. By Nominal Voltage

        20.4.5. By Battery Capacity

        20.4.6. By End Use

    20.5. Market Attractiveness Analysis

        20.5.1. By Country

        20.5.2. By Product

        20.5.3. By Cell Type

        20.5.4. By Nominal Voltage

        20.5.5. By Battery Capacity

        20.5.6. By End Use

21. Market Structure Analysis

    21.1. Market Analysis by Tier of Companies (Lithium Ion Battery Pack)

    21.2. Market Concentration

    21.3. Market Share Analysis of Top Players

    21.4. Market Presence Analysis

        21.4.1. Regional Footprint of Players

22. Competition Analysis

    22.1. Competition Dashboard

    22.2. Pricing Analysis by Competition

    22.3. Competition Benchmarking

    22.4. Competition Deep Dive 

        22.4.1. LG Chem Ltd.

            22.4.1.1. Overview

            22.4.1.2. Product Portfolio

            22.4.1.3. Key Developments

            22.4.1.4. SWOT Analysis

            22.4.1.5. Strategy Overview

        22.4.2. BYD Company Limited

            22.4.2.1. Overview

            22.4.2.2. Product Portfolio

            22.4.2.3. Key Developments

            22.4.2.4. SWOT Analysis

            22.4.2.5. Strategy Overview

        22.4.3. Panasonic Corporation

            22.4.3.1. Overview

            22.4.3.2. Product Portfolio

            22.4.3.3. Key Developments

            22.4.3.4. SWOT Analysis

            22.4.3.5. Strategy Overview

        22.4.4. Contemporary Amperex Technology Co., Limited

            22.4.4.1. Overview

            22.4.4.2. Product Portfolio

            22.4.4.3. Key Developments

            22.4.4.4. SWOT Analysis

            22.4.4.5. Strategy Overview

        22.4.5. Samsung SDI

            22.4.5.1. Overview

            22.4.5.2. Product Portfolio

            22.4.5.3. Key Developments

            22.4.5.4. SWOT Analysis

            22.4.5.5. Strategy Overview

        22.4.6. Enersys

            22.4.6.1. Overview

            22.4.6.2. Product Portfolio

            22.4.6.3. Key Developments

            22.4.6.4. SWOT Analysis

            22.4.6.5. Strategy Overview

        22.4.7. Hefei Guoxuan High-Tech Power Energy Co., Ltd.

            22.4.7.1. Overview

            22.4.7.2. Product Portfolio

            22.4.7.3. Key Developments

            22.4.7.4. SWOT Analysis

            22.4.7.5. Strategy Overview

        22.4.8. Automotive Energy Supply Corporation (AESC)

            22.4.8.1. Overview

            22.4.8.2. Product Portfolio

            22.4.8.3. Key Developments

            22.4.8.4. SWOT Analysis

            22.4.8.5. Strategy Overview

        22.4.9. Tianjin Lishen Battery Joint-Stock Co., Ltd

            22.4.9.1. Overview

            22.4.9.2. Product Portfolio

            22.4.9.3. Key Developments

            22.4.9.4. SWOT Analysis

            22.4.9.5. Strategy Overview

        22.4.10. CBAK Energy Technology Inc.

            22.4.10.1. Overview

            22.4.10.2. Product Portfolio

            22.4.10.3. Key Developments

            22.4.10.4. SWOT Analysis

            22.4.10.5. Strategy Overview

        22.4.11. Lithium Energy Japan Corporation

            22.4.11.1. Overview

            22.4.11.2. Product Portfolio

            22.4.11.3. Key Developments

            22.4.11.4. SWOT Analysis

            22.4.11.5. Strategy Overview

        22.4.12. Other Players

            22.4.12.1. Overview

            22.4.12.2. Product Portfolio

            22.4.12.3. Key Developments

            22.4.12.4. SWOT Analysis

            22.4.12.5. Strategy Overview

23. Assumptions and Acronyms Used

24. Research Methodology

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Lithium Ion Battery Pack Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028