Research Blogs

According to a new market report published by Transparency Market Research on the  lithium-ion battery market  for the forecast period of  2019–2027 , the global lithium-ion battery market is expected to reach  ~ US$ 41.5 Bn by 2027,  expanding at a CAGR of  ~ 9% from 2019 to 2027.  In terms of volume, the global lithium-ion battery market is expected to reach 15,764.89 million units by  2027,  at a CAGR of  ~ 11%  during the forecast period of  2019 to 2027.  Asia Pacific held a prominent share of the global lithium-ion battery market in  2018. Lithium-ion batteries power mobile phones, tablets, laptops, wearable devices, power banks, and other consumer electronic devices. Asia Pacific is the largest lithium-ion battery market in the world. The region has the largest consumer electronics and EV market, globally. Demand from these sectors is driving the sales of lithium-ion batteries in the region. In Asi...

The global lithium-ion batteries market is highly consolidated with the leading three companies accounting for 57% of the market in 2016, Transparency Market Research (TMR) states in its new research report. These three companies are: Panasonic Corporation, LG Chem Power Inc., and Samsung SDI Co. Ltd. Leading players in the market are adopting the strategy of providing dedicated services at competitive pricing. Developing new application-specific working materials is also becoming a strategy of these players. Some of the other companies operating in the market are: Hitachi Chemical Corporation, Toshiba Corporation, Johnson Controls Inc., GA Yuasa Corporation, and Automotive Energy Supply Corporation (ASEC). These companies are partnering up with other companies, collaborations, and mergers and acquisitions so as to expand their market presence and acquire more share in the market. The degree of competition will be high throughout the period from 2016 to 2024, predicts the report from ...