The global Li-Ion battery marketplace become worth US$ 57.4 billion in 2020 and is anticipated to feature cost really well worth US$ 3.3 billion throughout the forecast length. The marketplace is expected to enlarge at a CAGR of 2.7%. However, amid the COVID-19 pandemic, the marketplace is poised to stagnate for the following couple of monetary quarters. This is attributed to a considerable drop withinside the call for for Li-ion battery packs globally.
The adoption of Li-Ion Battery Pack Market is anticipated to stay low as stringent lockdowns amid COVID-19 has created extraordinary dormancy in quit use industries inclusive of patron electronics, and car industry.
In addition, the call for from electric powered automobiles will boost up the income of li-ion battery packs. Thus, the general li-ion marketplace is anticipated to reach US$ 75.3 Bn billion through 2031, witnessing a gradual increase CAGR of three% from 2021-31. withinside the forecast length 2021-2031.
Key Segments Covered
- Lithium Cobalt Oxide Battery Pack
- Lithium Magnesium Oxide Battery Pack
- Lithium Iron Phosphate Battery Pack
- Lithium Nickle Manganese Cobalt Oxide Battery Pack
- Lithium Nickle Cobalt Aluminium Oxide Battery Pack
- Lithium Titanate Battery Pack
- Cylindrical Li-Ion Battery Pack
- Prismatic Li-Ion Battery Pack
- Pouch Li-Ion Battery Pack
- Less than 12V Li-Ion Battery Pack
- 12V Li-Ion Battery Pack
- 24V Li-Ion Battery Pack
- More than 24V Li-Ion Battery Pack
- >20 kWh Li-Ion Battery Pack
- 30-60 kWh Li-Ion Battery Pack
- 60-80 kWh Li-Ion Battery Pack
- More than 80 kWh Li-Ion Battery Pack
- Automotive Li-Ion Battery Pack
- Consumer Electronics Li-Ion Battery Pack
- Digital Camera
- Medical Devices Li-Ion Battery Pack
- Industrial & Grid Energy Li-Ion Battery Pack
- Automotive Li-Ion Battery Pack
Key Takeaways of Li Ion Battery Pack Market
- Global Li-ion battery percent marketplace is anticipated to develop at a quantity CAGR of 2.6%, increasing 1.3X in phrases of fee from 2020 thru 2030.
- Lithium cobalt oxide battery kind will maintain the most proportion in phrases of fee, at US$ 64.four billion through the cease of forecast period (2020 – 2030).
- Pouch cells are set to develop at a fee CAGR of four.7% and are anticipated to advantage 271 BPS on their marketplace proportion through the cease of forecast period.
- Nominal voltage much less than 12V is anticipated to account for majority proportion in phrases of fee. It is projected to create absolute $ possibility of greater than US$ 8.nine billion at some point of the forecast period.
- Batteries with ability much less than 20KWhr & 30-60KWhr are projected to develop at a fee CAGR of 3.2% & 2.four% respectively and could together create absolute $ possibility of greater than US$ 14.6 billion through the cease of the forecast period.
- Automotive cease use zone is expected to maintain greater than 89% proportion, developing an absolute $ possibility of greater than US$ 15.2 billion at some point of forecast period.
- APEJ is prophesied to maintain most proportion in phrases of fee and could increase at CAGR of 3% through the cease of the forecast period.
“The worldwide outbreak of COVID-19 will bog down the growth of li-ion battery percent marketplace for subsequent couple of economic quarters. As the important thing cease use agencies begin working on most ability, the marketplace will regain traction thru 2030,” says a Fact.MR analyst.
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