The Global Lithium-Ion Battery For Consumer Electronics Market size for consumer electronics is expected to grow at a CAGR of 5.0% from 2021-2028. The growth can be attributed to the rise in demand for laptops and tablets with longer battery life, increasing use of IoT devices as well as increased adoption of electric vehicles (EVs).
Lithium-Ion Battery is a rechargeable battery with one of the following chemistries: Lithium Cobalt Oxide, Lithium Manganese Dioxide, or Lithium Iron Phosphate. The technology provides excellent energy density for both light and heavy loads. The use of lithium-ion batteries in consumer electronics has increased drastically with increasing demand for laptops and tablets. It is also used in IoT devices, EVs, and other portable equipment. Lithium-ion batteries are the most popular and commonly used rechargeable battery for consumer products such as mobile phones, laptops, wearable devices.
They use lithium-ion chemistry to provide a high specific energy density of about 140 wH/kg (Wh per kilogram) and a relatively lightweight with an average mass of around 200 grams. This is in comparison to a lead-acid battery that has the highest capacity at 220 wH/Kg but also weighs over 1500 kg which makes them very heavy when it comes to portability. Lithium-ion cells have been commercially available since 1991 primarily for use in electric vehicles due to their higher power densities than other chemistries like a nickel-metal hybrid or Lead Acid Batteries.
On the basis of Type, the market is segmented into 18650, 18500, and 18350. They vary in size with different capacities. The main difference between these three battery types is their capacity. The most popular type for laptop computers is a 18650 while the other two sizes are often used for specific purposes such as electric bikes or forklift trucks.
The 18650 is a cylindrical battery that measures 18mm in diameter and 65 mm long. It can store up to 3000mAh of power, making it the most popular size used for laptop computers. The primary usage of 18650 battery is laptops/notebooks which has 3000mAh (milliamp hours), whereas those who have lower mAh i.e., 1800mAh will be mostly found on smartphones only because that’s what we need more upfront power than anything else. The technology provides excellent energy density for both light and heavy loads. It has been used in consumer electronics such as laptops and tablets which have increased significantly due to an increase in demand for these devices among others. It also has applications in IoT devices, EVs, portable equipment, etc.
The 18500 has an extensive range with capacities between 2500 mAh and 5000 mAH which are often found in electric bikes or industrial equipment such as forklift trucks.
The 18350 is also known as a "pink" lithium-ion battery because of its pink color, ranging from 1100mAH to 2400 mA H. These batteries have been designed specifically for certain types of cameras but due to their low capacity, they cannot be used widely on laptops or other devices as it would require a lot of them to power the device.
On the basis of Application, the market is segmented into Domestic and Commercial. Demand for Li-Ion Batteries in commercial projects has been increasing due to the rising use of IoT devices as well as the increased adoption of electric vehicles (EVs). This can be attributed to the need for longer battery life with heavy loads such as laptops and tablets. Domestically consumers are using these batteries more often than before owing to high power demand from portable equipment like smartphones that they take everywhere at work or home.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is expected to dominate the Li-Ion Batteries for Consumer Electronics Market during the forecast period owing to an increasing number of EV sales in this region as well as the rise in demand from wireless devices like smartphones that are used extensively on a day-to-day basis by consumers. Countries such as Canada and U.S have been conducting research into greener energy sources with an aim to reduce their dependence on oil imports which will help support the growth prospects of key players operating across these regions. However, Asia Pacific is projected to grow at high CAGR over the next seven years due to the growing requirement for consumer electronics products coupled with the high cost of lithium-ion batteries where electric vehicles are very popular among customers.
Up Market Research published a new report titled “Li ion Battery for Consumer Electronics Market research report which is segmented by Types (18650, 18500, 18350, 26650), By Applications (Domestic, Commercial), By Players/Companies BYD, LG Chem, Panasonic, Samsung SDI, Shenzhen BAK, Sony, Tianjin Lishen Battery, Amperex Technology, ATL, Boston-Power, Cell-Con”.
|Report Attributes||Report Details|
|Report Title||Li ion Battery for Consumer Electronics Market Research Report|
|By Type||18650, 18500, 18350, 26650|
|By Application||Domestic, Commercial|
|By Companies||BYD, LG Chem, Panasonic, Samsung SDI, Shenzhen BAK, Sony, Tianjin Lishen Battery, Amperex Technology, ATL, Boston-Power, Cell-Con|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||208|
|Number of Tables & Figures||146|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 18650, 18500, 18350, 26650 and By Application Domestic, Commercial.
Some of the companies that are profiled in this report are:
Li ion Battery for Consumer Electronics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Li ion Battery for Consumer Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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