Global Rechargeable Poly Lithium Ion Battery Market by Application (Consumer Electronics, Electric Vehicles), by Structure (Prismatic, Cylindrical) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global rechargeable lithium-ion batteries market was worth USD 124.5 billion. It is projected to grow at 6.0% compound annual growth rate (CAGR), between 2020 and 2027. This market is driven by the growing demand for lightweight, high-energy density lithium-ion batteries in grid storage and electric vehicles. The market is expected to grow over the forecast period due to a rise in electric vehicle registrations and a simultaneous drop in lithiumion battery cost. The market for rechargeable lithium-ion batteries will grow globally due to increased sales of electric cars and changing client preferences.

Electric vehicles (EV) are gaining popularity due to the need for eco-friendly and energy-efficient products. The demand for hybrid electric vehicles (HEVs), which require a engine in tandem, has seen a rise in demand. The battery can be plugged into an electric grid or designated public charging station to charge it. HEVs can use both electric and fuel power. The battery can also capture the energy lost during braking by using an electric motor.

These batteries are used in consumer electronics, such as laptops, hybrid electric cars (HEVs), electric trucks (EVs), and digital camera. The battery's compact size and effectiveness has led to a rise in product demand and market penetration. Metal is intrinsically unstable during charging. This has led to a shift in research focus from metal to non-metallic ions. The non-metallic lithium-ion has twice the energy efficiency as cadmium-nickel.

High energy density batteries offer excellent low temperature, load, cycle, and cycle characteristics. It quickly became a crucial source of power for portable equipment such as video and audio equipment, laptops and mobile phones.

Structure Insights

The market can be divided into two types based on its structure: prismatic (flat rectangle) and cylindrical (cylinder). The market leader was the cylindrical battery, which accounted for 57.6% of 2019's share. The main applications of this product are in consumer electronic as well as electric vehicles.

The segment is driven by a growing demand for electronic consumer devices. The product has seen high production due to rising demand for consumer electronic devices such as laptops. The product has been in high demand due to trends like bring your device. The market has seen a shift in form factors and there is a demand for netbooks and laptops both within the corporate and personal spaces. This will help to drive growth. The market outlook is also expected to be influenced by the growth of disposable income in emerging Asian Pacific countries.

Flat rectangle batteries, also known by prismatics, are expected to grow at 7.1% CAGR between 2020 and 2027. The prismatic structure is a space-saving way to protect a higher-energy lithium polymer that's used in notebooks and tablets.

Application Insights

The market can be divided by application type into electric vehicles, power electronics, industrial, power and other. The market was dominated by electric vehicles, which accounted for 32.2% of total revenue in 2019. Because of their environmental and energy-efficient features, electric vehicles powered by rechargeable poly lithiumion batteries are gaining popularity. The segment will be driven by increasing customer interest in these types of batteries and rising sales of lithium-ion automobiles. Kodak, for example, launched the Promaster PLI-12B in 2017. The battery is lightweight with a 1300 mAh capacity.

Over the forecast period, the consumer electronics segment will experience moderate growth. This is due to the durability and reliability of these batteries in electronic appliances such as laptops and smartphones. The segment is expected to grow due to the growing electronics industry in many countries such as Japan, South Korea and China. From 2020 to 2027, the power application segment will grow at 7.8% CAGR.

Regional Insights

Asia Pacific was responsible for 33.0% of the total revenue in 2019, It is expected that it will continue to lead the market over the forecast period. This can be attributed to the high level of awareness among customers about the importance of preserving an eco-friendly environment. Because of their high disposable income, these customers can afford the product.

The industry is expected to grow due to increased demand for tablets, mobiles, and smartphones in various countries including India, China and Thailand. The market is projected to experience a huge growth opportunity due to the expected increase in the production of lithium-ion batteries in China by several companies including Amperex Technology Limited and LG Chem.

North America will likely experience significant growth in the coming years due to the increasing demand for electric vehicles and consumer electronics across the country, such as the U.S. and Mexico. Market growth is expected to be driven by the ever-increasing demand for the product in mobiles, owing to its improved efficiency and longer battery life. North America and Europe are important regional markets due to high awareness regarding the importance of energy-efficient batteries.

Market Share Insights & Key Companies

The market is relatively well-consolidated. To strengthen their market position, key players are pursuing various growth strategies. Toshiba Corporation, for instance, announced in 2020 that Nissan Motor Co. had selected the SCiB lithiumion rechargeable battery to power its new generation of ROOX roadster Star and ROOX cars. Marelli Corporation will supply the Nissan Corporation with the recovery battery system. This battery will be integrated in the system. Toshiba Corporation announced in 2018 that it had invested 16.2 billion yen to build a second Japanese manufacturing facility for supercharge ion batteries (SCiB) in Japan. This investment is in order to meet growing demand for these batteries for energy storage systems. The following are some of the major players in the global market for rechargeable poly lithiumion batteries:

• Sony

• Nikon

• Fujifilm

• Olympus

• Motorola

• 3M

• Koninklijke Philips N.V.

• Kodak

• Maxell

• Nippon Chemicals

• YOK Energy

• Shenzhen Honcell Energy Co. Ltd.

• LiPol Battery Co. Ltd.

Up Market Research published a new report titled “Rechargeable Poly Lithium Ion Battery Market research report which is segmented by Application (Consumer Electronics, Electric Vehicles), by Structure (Prismatic, Cylindrical), By Players/Companies YOK Energy, 3M, Maxell, Olympus, Fujifilm, Nippon Chemicals, LiPol Battery Co Ltd, Motorola, Shenzhen Honcell Energy Co Ltd, Koninklijke Philips NV, Kodak, Sony, Nikon”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

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.

Global Rechargeable Poly Lithium Ion Battery Market Report Segments:

The market is segmented by Application (Consumer Electronics, Electric Vehicles), by Structure (Prismatic, Cylindrical).

Rechargeable Poly Lithium Ion Battery 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.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Rechargeable Poly Lithium Ion Battery Market

Overview of the regional outlook of the Rechargeable Poly Lithium Ion Battery Market:

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.

Highlights of The Rechargeable Poly Lithium Ion Battery Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Rechargeable Poly Lithium Ion Battery Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Consumer Electronics

                2. Electric Vehicles

                1. Prismatic

                2. Cylindrical

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Rechargeable Poly Lithium Ion Battery 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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Reasons to Purchase the Rechargeable Poly Lithium Ion Battery Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.