Global lithium-ion battery market and EV battery market

Pune, 10 Feb. 2022 (GLOBE NEWSWIRE) — The global lithium-ion battery market size is expected to grow due to increasing applications in the automotive sector over the forecast period. This information is published in this new report, entitled “Global lithium-ion battery market, 2022-2028.” A lithium-ion battery is a rechargeable battery in which lithium ions move from the negative electrode to the positive electrode via an electrolyte during discharge and then back during charging. The positive electrode of a lithium-ion battery is made of an intercalated lithium compound, while the negative electrode is usually made of graphite. The expansion of the market can be attributed to the growing demand for lithium-ion batteries in electric vehicles (EVs) and grid storage, as they provide high energy density and lightweight solutions. During the projection period, the market size is expected to increase due to an increase in the registration of electric vehicles and a decline in the price of lithium-ion batteries.

By company

  • panasonic
  • Samsung SDI
  • LG Chemistry
  • CATL
  • ATL
  • Murata
  • BYD
  • Tianjin Lishen Battery
  • Bak Power
  • Toshiba
  • ECSA
  • Saft

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Impact of COVID-19-

The COVID-19 outbreak has had a minor impact on the growth of the lithium-ion battery market. The predicted market growth is expected to slow down under current COVID-19 conditions as the pandemic limits the supply of batteries and other components due to severe disruptions in businesses and the global economy. The battery industry supply chain has been influenced by the current scenario.

Asia-Pacific is expected to hold the largest global lithium-ion battery market share during the forecast period. Over the forecast period, the region is expected to maintain its dominance. Therefore, customers are more aware of the need for an environmentally friendly atmosphere. The customers of this place can afford the merchandise since they have a lot of money in reserve. During the forecast period, rising demand for tablets and smartphones in countries such as India, Japan, Thailand, and China is expected to drive the growth of the industry.

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Segment by type

  • cobalt oxide
  • Nickel-cobalt aluminum oxide
  • Nickel-cobalt-manganese oxide
  • manganese oxide
  • iron phosphate
  • Others
  • by type of electrolyte
  • Aqueous
  • Body fluid
  • Polymer
  • Ceramic

Segment by application

  • Electricity and utilities
  • Automotive EV
  • Industrial
  • commercial residential
  • Consumer electronics
  • Medical
  • eVTOL
  • Others

To gain a competitive advantage, major industry players in the lithium-ion battery market are focusing on strategic alliances. The company’s collaboration strategy is designed to radically alter market trends by improving production efficiency and reducing overall battery costs to consolidate a leading position in the market.

Ola Electric has announced plans to build a cell production unit to power its lithium-ion (Li-ion) battery in March 2021. The battery manufacturing plant will be built in a new integrated complex near Bengaluru, India , which will also produce the e-scooter.

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Detailed TOC of Global Lithium Ion Battery Market:

1 Coverage of the study

2 Global Lithium Ion Battery Production

3 Global Lithium Ion Battery Sales in Volume and Value Estimates and Forecasts

4 Competition by manufacturers

5 Market Size by Type

Continued…

Report 2:

Global EV Battery Market 2022-2029:

The global EV battery market size is expected to grow due to the growing demand for electric vehicles during the forecast period. This information is published in this latest report, entitled “Global EV Battery Market, 2022-2028.” A secondary (rechargeable) battery is used in electric vehicles. It is powered by chemical energy stored in rechargeable batteries and therefore does not require the use of a combustion engine. Battery electric vehicle propulsion is powered by an electric vehicle battery, often referred to as a traction battery. Increased demand for electric vehicles, major automakers are entering the market. The growth of the EV battery market is expected to accelerate in the near future, thanks to the interest of major manufacturers in the field.

Key Players of Global EV Battery Market Covered in Chapter 2 & 6:

  • Lisian
  • CALB
  • panasonic
  • Farasis
  • BYD
  • Sunwoda
  • LGchem
  • Gotion High-Tech
  • Chinerept
  • DAY BEFORE
  • CATL
  • cooking power

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Impact of COVID-19-

Many countries have imposed a total lockdown due to the pandemic, which has hampered the manufacture of electric vehicles and battery components. Sales of electric vehicles have been hit by the closure of manufacturing sites around the world. The majority of automakers, on the other hand, have resumed production of vehicles with limited capacity and the appropriate safeguards in place.

Asia-Pacific is expected to hold the largest global EV battery market share during the forecast period. The use of lithium-ion batteries is expected to increase significantly in the region, thanks to the growing deployment of electric vehicles in countries such as China, Japan and India, as well as the strong demand for vehicles that accompanies the urbanization and the increase in the purchase of electricity. parity. China is one of the world’s largest markets for electric vehicles, and the growing use of electric vehicles in the country is in line with its clean energy policy. Additionally, the Chinese government has offered financial and non-financial incentives to encourage the adoption of electric vehicles.

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In Chapter 8 and Chapter 10.3, based on Types, the EV Battery market from 2017 to 2029 is primarily split into:

  • Ternary lithium battery
  • LiFePO4 battery
  • Others

In Chapter 9 and Chapter 10.4, based on application, the EV Battery Market from 2017 to 2029 covers:

  • Passenger car
  • commercial car
  • special vehicle

Leading companies are confident in their ability to execute strategies that will enhance their brand value in the marketplace. The company employs a variety of strategies, including producing proprietary items and forming mergers with other major companies or end users to expand the reach of their products. Another important strategy to sharpen one’s presence in the global market is to form alliances with or acquire multiple companies.

Amara Raja Batteries, India’s second largest automotive battery manufacturer, inaugurated its first technology base for developing lithium-ion cells in Tirupati, Andhra Pradesh in February 2021.

Detailed TOC of Global Professional EV Battery Market 2022-2029:

1 EV Battery Market Overview

2 Global EV Battery Market Landscape by Player

3 Upstream and downstream analysis of EV battery

4 EV Battery Manufacturing Cost Analysis

5 Market dynamics

Continued…

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