Global Automotive Lithium-Ion Battery Market Research Report 2021

Lithium ion (Li-ion) batteries are commonly used type of rechargeable batteries with twice the energy density of Nickel-Cadmium batteries and greater stability and safety. Lithium (Li) is the lightest of all metals, has the greatest electrochemical potential, and provides the largest energy density for weight.
North America is the largest automotive Li-ion battery market, which is then followed by Europe and Asia Pacific. Asia Pacific, at present, leads the global market for lithium-ion batteries, accounting for maximum market share of overall market in 2016. This region is also estimated to expand at a significant pace in terms of demand and sales during the course of the forecast period. By value, the Asia Pacific’s lithium-ion battery market will register a significant CAGR from 2017 to 2025. The high growth rate is attributed to the emergence of China as a global hub for automobile industry and increasing demands of vehicles from some of the other Asian countries such as India, Indonesia, Malaysia, Thailand, and Philippines.

Market Analysis and Insights: Global Automotive Lithium-Ion Battery Market
The global Automotive Lithium-Ion Battery market was valued at US$ 22350 million in 2019 and it is expected to reach US$ 41170 million by the end of 2026, growing at a CAGR of 9.0% during 2021-2026.

Global Automotive Lithium-Ion Battery Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Automotive Lithium-Ion Battery Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Lithium Manganate
Lithium Iron Phosphate
Other

Segment by Application
Passenger Car
Commercial Vehicle

By Company
LG Chem
BYD
Panasonic
AESC
CATL
Guoxuan High-Tech
Samsung SDI
Lishen
CBAK
CALB
LEJ
Wanxiang
Automotive Energy Supply

Production by Region
North America
Europe
China
Japan
South Korea
India

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E