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According to the latest report released by Markets and Markets, the global lithium-ion battery market will grow at a compound annual growth rate of 15% from 2019 to 2025, and the demand for lithium-ion battery market will increase from $37.
4 billion in 2018 to $98 billion
by 2025.
With the growth of new energy vehicles, smart devices, and industrial automation, the global demand for reliable and safe batteries with high power and high energy density is also growing
.
Based on the type of material, lithium-nickel-manganese-cobalt batteries will grow
at the highest growth rate during the forecast period.
The energy density of lithium-nickel-manganese-cobalt batteries is its main advantage
.
Due to the use of an optimal ratio of nickel-manganese and cobalt, it achieves this energy density and has good stability
.
It also has good charge and discharge cycles
.
These features make it possible to apply to industries
such as automotive.
Based on the capacity range, the power capacity range of 3,000-10,000 mAh is expected to grow
at the highest CAGR during the forecast period.
These batteries are often combined to form modules that are used in applications
that require heavy loads.
Its powerful power allows it to be used in industries
such as electric vehicles and industrial use.
Moreover, in 2018, the market of 0-3,000 mAh occupied the largest market
in terms of value.
This series is mainly used in the consumer electronics industry
.
Approximately 90% of consumer applications have a power capacity
of 0-3000mAh.
Based on the regional market, Europe is expected to be the fastest growing market
for lithium-ion batteries during the forecast period.
Europe is home to some of the largest battery manufacturers, such as Saft (France) and FIAMM (Italy).
The consumer electronics market for wearables is showing a positive growth curve
in Europe.
The presence and active links in Europe of the European Association of Battery Manufacturers for the Automotive Industry and the Association for Portable Rechargeable Batteries are supporting the different applications
of lithium-ion batteries in safe mode through the standards and certifications they set.
Based on manufacturers, BYD Corporation (China), LG Chem (Korea), Panasonic (Japan), Samsung SDI (Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (Netherlands), CATL (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California) and Sila Nanotechnologies (California) will be the world's leading manufacturers
of lithium-ion batteries.
According to the latest report released by Markets and Markets, the global lithium-ion battery market will grow at a compound annual growth rate of 15% from 2019 to 2025, and the demand for lithium-ion battery market will increase from $37.
4 billion in 2018 to $98 billion
by 2025.
With the growth of new energy vehicles, smart devices, and industrial automation, the global demand for reliable and safe batteries with high power and high energy density is also growing
.
Based on the type of material, lithium-nickel-manganese-cobalt batteries will grow
at the highest growth rate during the forecast period.
The energy density of lithium-nickel-manganese-cobalt batteries is its main advantage
.
Due to the use of an optimal ratio of nickel-manganese and cobalt, it achieves this energy density and has good stability
.
It also has good charge and discharge cycles
.
These features make it possible to apply to industries
such as automotive.
Based on the capacity range, the power capacity range of 3,000-10,000 mAh is expected to grow
at the highest CAGR during the forecast period.
These batteries are often combined to form modules that are used in applications
that require heavy loads.
Its powerful power allows it to be used in industries
such as electric vehicles and industrial use.
Moreover, in 2018, the market of 0-3,000 mAh occupied the largest market
in terms of value.
This series is mainly used in the consumer electronics industry
.
Approximately 90% of consumer applications have a power capacity
of 0-3000mAh.
Based on the regional market, Europe is expected to be the fastest growing market
for lithium-ion batteries during the forecast period.
Europe is home to some of the largest battery manufacturers, such as Saft (France) and FIAMM (Italy).
The consumer electronics market for wearables is showing a positive growth curve
in Europe.
The presence and active links in Europe of the European Association of Battery Manufacturers for the Automotive Industry and the Association for Portable Rechargeable Batteries are supporting the different applications
of lithium-ion batteries in safe mode through the standards and certifications they set.
Based on manufacturers, BYD Corporation (China), LG Chem (Korea), Panasonic (Japan), Samsung SDI (Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (Netherlands), CATL (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California) and Sila Nanotechnologies (California) will be the world's leading manufacturers
of lithium-ion batteries.
