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Lithium Ion battery market share– Global Industry
Analysis Report, Size, Growth, Price Trends and
Forecast, 2016 – 2024
Lithium Ion Battery Market size will exceed over USD 53 billion by 2024; as per a
latest study by Global Market Insights, Inc.
Increasing adoption of portable electronic devices owing to its longer shelf life will drive
the global lithium ion battery market size from 2016 to 2024. Ionized lithium has higher
stability and heat resistance properties coupled with faster recharging efficiency when
compared with other available alternatives. Low risk of explosion or damage to
equipment will further complement the industry outlook.
Growing adoption of plug-in hybrid electric vehicles (PHEVs) with favorable
regulations including subsidies and tax rebate will stimulate lithium ion battery market
share. Automotive sector are notable application areas. Ample supply of raw materials
at affordable prices has encouraged high production volume, making them the
preferred technology in applications including inverters, consumer electronics and
Stringent regulations to encourage the use nonhazardous material will boost the
market share over forecast period. The Department of Energy and National
Renewable Energy Laboratory (NREL) introduced directive NREL/TP-463-7673 to
encourage the adoption of environmentally safe batteries. The regulation also enlists
the battery safety standards that need to be adhered to by electric vehicle
Lithium ion battery market size from cathodes for 2015 was valued over USD 9 million.
Consumer electronics including cell phones, tablet devices and laptops are key
adoption areas contributing to segment growth. Separators are predicted to witness
growth over 10% by 2024. Superior charging ability coupled with greater shelf life are
notable features which may favor the industry landscape. Increasing adoption of
supercapacitor in mobile phones subject to its longer operating life will positively
influence business growth.
Table of Contents
Chapter 1 Methodology & Scope
Initial data exploration
Statistical model and forecast
Chapter 2 Executive Summary
Lithium ion battery industry 3600 synopsis, 2014 - 2024
Current business environment
Lithium ion battery Industry Insights
Industry size & forecast, 2014 – 2024
Profit margin analysis
Innovation and sustainability landscape
3.5 .1 Cost structure analysis
Manufacturing trend analysis
3.6 .1 Cost structure analysis, for automobile applications
Industry impact forces
184.108.40.206 High energy density
220.127.116.11 Low self-discharge level
Below the regional trends positively influencing the global lithium ion battery
market over 2016-2024:
U.S. lithium ion battery industry share accounted for 70% of the total volume in
2015 and is expected to grow substantially in the years to come, owing to the
rise in adaption of electric vehicles and demand for high quality consumer
Asia Pacific lithium ion battery industry size, led by Japan and China, is
projected to witness robust growth over the coming time frame. Japan lithium
ion battery market is estimated to surpass a revenue of USD 2 billion by 2024.
According to the Department of Environment Protection, the government of
China has approved a resolution named ‘Battery and Recycled Lead
Enterprises’ (325) to encourage the use of lithium ions over lead acid
batteries. Chinese government initiations in this regard are expected to
positively influence the China lithium ion battery industry with a projected
annual growth rate of 11% over 2016-2024.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy and
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