Lithium Ion Battery Market 2021-2031
New Study Reports ” Lithium Ion Battery Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Lithium Ion Battery Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Lithium Ion Battery Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Lithium Ion Battery market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
Persistence Market Research’s analysis projects the Europe lithium ion battery market to expand at a healthy CAGR of around 7.5% over the forecast period of 2021-2031.
The market size of lithium ion batteries in Europe is estimated to record 12.9% growth in 2021 with a market value of US$ 10.2 Bn. Persistence Market Research foresees the market to grow on a robust rate, albeit the product pricing to be slashed by 50% over the coming years on the backdrop of mass production as against customized manufacturing on selective order quantity basis by OEMs with patented technology during the previous 8-10 years.
A critical factor driving the sales of lithium ion batteries in Europe is burgeoning demand for use in electric vehicles and battery-powered engines/ drives. Another crucial demand driver has been growing smartphone subscriber base incorporating portable, rechargeable, and higher duty cycles.
Major factor favoring use of lithium ion batteries is that the product has emerged as a viable alternative source of energy addressing zero carbon emissions, and is lightweight, space saving, and high efficiency rate of operation and maintenance, due to which, majority of end users have warmly adopted the technology.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Ltd. Saft Groupe S.A., CATL, Northvolt AB, Enersys Inc., and Duracell Inc and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Lithium Ion Battery.
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Key Takeaways from Market Study
- The European market for batteries is expanding at an exponential rate, driven by both, social and governmental ambitions to execute green energy transition. Only the most cost-effective and long-term solutions can get market approval in this highly competitive sector with enormous development potential.
- It is widely understood that cost reduction and higher performance are required to drive down prices, which requires extensive R&D. Furthermore, there are a range of emerging applications for which lithium ion batteries have been recognized as a viable option.
- Europe has been at the forefront of planning and implementation of initiatives such as the REACH policy by 2030, and has been acknowledged as the initial adopter of electric-powered vehicles. Lithium batteries, being the principal driving/ energy storage unit, will be in direct proportion to that of electric vehicles fleet expansion.
- With the miniaturization of consumer electronics devices, demand for lithium ions batteries is expected to growth manifold to cater to end-user sector demands.
- End users such as mobility, heavy duty, and stationary energy storage industries, as well as battery industry stakeholders, will build synergies and capitalize on new pioneering discoveries in battery technology with lithium ion battery OEMs, which will ensure futuristic opportunities for the European market for lithium ion batteries.
- EU-5 countries are estimated to collectively account for 80% of regional demand, with Germany and the U.K. leading the race, on a robust growth in battery energy consumption of 65 GWh by 2031.
“REACH initiatives and emphasis of zero carbon emissions/ conventional fuel-free solutions will continue to drive demand for lithium ion batteries in Europe. With mass commercialization of the product, Europe will establish itself as a prominent production hub with pricing at reduced levels. In terms of application, demand will be fueled primarily by the transportation sector,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Lithium Ion Battery Market Manufacturers
Lithium Ion Battery Market Distributors/Traders/Wholesalers
Lithium Ion Battery Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Lithium Ion Battery Market Report:
- The Lithium Ion Battery Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Lithium Ion Battery Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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