Global Lithium-Ion Battery Market is expected to witness a compound annual growth rate of 18.7% from 2020 to 2027. The market was valued at $35.7 billion in 2019 and is expected to reach $135.3 billion by 2027. The growth of the lithium-ion battery globally is attributed primarily to its huge acceptance across several industries due to the associated benefits. Growing R&D activities, its huge adoption across electronics industry, exciting opportunities for energy storage systems (ESS) in both commercial and residential sectors and continuous drop in the price of the lithium ion batteries are some of the dominant factors raising the demand for these batteries across the globe. Moreover, the increasing demand for these batteries across automotive sector primarily in electric vehicles and industrial sector is expected to further enhance the growth during the forecast period. Increase in the number of installations across nuclear power plants and photovoltaic along with wind energy is expected to push the market growth at a new level. Further, off-grid installations across China, India, U.S., and Germany and its rapidly increasing usage across medical sector is further expected to boost the market growth in the coming years.
The market is broadly segmented by battery component, application and geography. By component the market is segmented into: Cathode, Anode, Electrolytic Solution and Others (Foils, Binders, Separators); whereas by application the market is segmented into electrical & electronics, automotive, and industrial, and others. Other segment includes medical, military, and textile industries. The electrical & electronics end-use industry is further segmented into smartphones, tablet/PC, UPS, and others. The automotive end-use segment is sub-segmented into cars, buses, & trucks; scooters & bikes, and trains & aircraft. Cranes & forklift, mining equipment, and smart grid & renewable energy storage are considered under industrial end-use segment. The report also covers Lithium cobalt oxide (LCO), Lithium iron phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate, and Lithium Nickel Manganese Cobalt.
Based on geography, the lithium-ion battery market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (ROW) based on geography. Further, the geography segment is bifurcated into their countries as well such as the U.S., Mexico, Canada, UK, France, Germany, Italy, Russia, India, China, South Korea, Japan, Taiwan, Australia, Singapore, Central & South America, Middle East and Africa among others.
Some of the key players operating in the global lithium-ion battery industry include Automotive Energy Supply Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Power (LGCPI), LITEC Co., Ltd., A123 Systems, LLC., Toshiba Corporation, Hitachi Chemical Co., Ltd., China BAK Battery Co. Ltd., and GS Yuasa International Ltd.
By Component
• Cathode
• Anode
• Electrolytic Solution
• Others
By End-use Industry
• Electrical & Electronics
o Smartphones & Tablet/PC
o UPS
o Others
• Automotive
o Cars, Buses, &Trucks
o Scooters & Bikes
o Trains & Aircraft
• Industrial
o Cranes & Forklift
o Mining Equipment
o Smart Grid & Renewable Energy Storage

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Spain
o Russia
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
Rest of Asia-Pacific
• Rest of the World (RoW)
o Central & South America
o Middle East
o Africa