At a predicted CAGR of 12.3% during the projection period, the Lithium-Ion Battery Market Size would increase from USD 41.1 billion in 2021 to USD 116.6 billion by 2030. A rechargeable battery made up of lithium and various other elements is called a lithium-ion (Li-ion) battery. Cathode, anode, and electrolyte are its three main building blocks. In a lithium-ion battery, the lithium ions move backwards during charging and forwards during discharge from the negative electrode to the positive electrode. Depending on the elements that are mixed with lithium, such as cobalt, nickel, manganese, titanium, and iron, lithium-ion batteries are available in a variety of forms. Li-ion batteries are mostly utilised in automotive and consumer electronics applications, including wearable technology, electric vehicles, smartphones, computers, and tablets.
Some of the key players in the Lithium-Ion Battery Market include BYD Company (China), LG Chem (South Korea), Contemporary Amperex Technology Co. Ltd. (CATL) (China), Samsung SDI (South Korea), Panasonic Corporation (Japan), BAK Group (China), GS Yuasa Corporation (GS Yuasa) (Japan), Hitachi (Japan), Clarios (Germany), and Toshiba Corporation (Japan).
LG Chemical Ltd.
One of the biggest producers of lithium-ion batteries in the world is LG Chem, Ltd., a unit of LG Corporation. For use in automotive, electricity, consumer electronics, medical devices, and other applications, it offers big and mid-sized rechargeable lithium-ion batteries. The business has 25 years of expertise in the development and manufacturing of mobile batteries and large format batteries for automobiles and energy storage systems, and this experience has led to the development of its cutting-edge lithium-ion battery technology (ESS). Batteries with the greatest levels of safety, performance, and dependability are produced thanks to LG Chem's dedication to technological leadership and to efficient, high-quality manufacturing techniques. By consistently releasing cutting-edge items and making significant investments in R&D operations, the company hopes to increase the scope of its product offering.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49714593
Samsung SDI
The production and retail of secondary lithium-ion batteries and cells is what Samsung SDI does. Since the company's secondary Li-ion battery business was launched in 2000, Samsung SDI has focused mostly on the production of Li-ion batteries. Small lithium-ion batteries, automotive batteries and energy storage systems, chemicals, and electronic materials are among the diverse product offerings of the company. It runs through two business divisions. In order to boost the performance of its current materials, create brand-new materials, and increase the effectiveness of its secondary cells, it engaged in intensive R&D in 2019 and allocated 7.2 percent of its total capital to these endeavours. Acquisitions and agreements are examples of strategic efforts that are highly complementary to the current business and could provide the company with significant growth potential.
Contemporary Amperex Technology Co., Ltd
Contemporary Amperex Technology Co., Ltd. (CATL) is a company that conducts research, develops, produces, and sells energy storage and power battery systems for clean-energy and hybrid automobiles. Lithium battery components, battery cells, battery management systems, recycling, and reusing of batteries are among its goods and services. The company's products are used in electric cars, buses, trucks, a variety of specialty vehicles, grid frequency modulation, communication base stations, office and industrial buildings, and home energy storage. Additionally, it offers integrated products and thorough full life cycle services to clients worldwide. In order to take advantage of business prospects in new markets, the organisation has established a growth plan.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/lithium-ion-battery-market-49714593.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
