Global New Energy Vehicle Lithium Ion Battery Market Outlook
Top Driver: Upward integration of electronics drives the market
The role of electronics has been pivotal in improving two aspects of auto performance: refining powertrain performance to scale back emissions and improve fuel consumption, and refining chassis, exterior, and interior to improve vehicle safety and comfort. Electronics account for nearly 40% of the components in a conventional Internal Combustion Engine (ICE) vehicle, and this share can rise to 75% in hybrid and electric vehicles. These components represent around 25% to 30% of the production cost. These systems also represent 90% of automotive innovations. These innovations in safety, advanced connectivity, and expanded availability of telematics are expected to pave the way for the longer-term growth of electronics in automobiles. The rising need for efficiency in automobiles has driven the development of innovative systems, which help conserve fuel. Start-stop systems shut down the engine while idling to conserve fuel. During this time, the electronics in the vehicle are powered by the battery, which also assists in restarting the engine. These developments have pushed the demand for advanced batteries with higher energy density.
Lithium Iron Phosphate to Make Crucial Contribution for Growth of Global New Energy Vehicle Lithium-Ion Battery
The Lithium Iron Phosphate (LFP) product type accounted for over USD 4.8 billion in 2019. These batteries offer a long-life span and excellent safety to the merchandise. Growing demand for LFP batteries in stationary and portable devices, as they have high load currents and sturdiness, is predicted to drive the marketplace for lithium-ion batteries.
Lithium Cobalt Oxide (LCO) was the prominent segment and accounted for 18.3% of the worldwide revenue share in 2019. Growing adoption of Lithium Nickel Manganese Cobalt (NMC) in electric bikes, power tools, and other electric powering trains on account of their lower cost, longer cycle life, and better energy density will fuel its demand over the projected period. This battery offers overall performance, excels on detailed energy, and holds high capacity and power. The segment is predicted to witness a CAGR of 12.3% from 2019 to 2028 within the marketplace for lithium-ion batteries.
The consumer electronics segment held the most important market share of 26.2% in 2019. The growth of the segment is attributed to the increasing use of lithium-ion batteries in portable consumer electronics devices due to high energy density and safety levels. The automotive segment accounted for 17.6% of the total revenue in 2019. The industrial segment is predicted to dominate the lithium-ion battery market and is probably going to value USD 24.9 billion by 2028. The consumer electronics application segment owing to the high reliability and durability of the lithium-ion battery in appliances such as smartphones and laptops. The growing electronics industry in countries like South Korea, Japan, China, and Taiwan.
North America dominated to witness the fastest growth in Global New Energy Vehicle Lithium-Ion Battery
North America, Europe, and Asia Pacific regions account for over 90% of the worldwide market share for lithium-ion battery units in 2019. Rising demand for top energy density batteries alongside the growing penetration of consumer products has fueled the adoption of those units. The continued growth of the e-commerce industry has fueled the demand for consumer electronics on a worldwide scale, thereby complementing the market demand for lithium-ion battery units
Asia Pacific region is witnessing an e-commerce revolution accounting for the most important share of the worlds B2C e-commerce market. The e-commerce boom has enhanced the adoption of consumer electronics across the region thereby witnessing a cyclical demand for lithium-ion battery units.
Players to Focus on New Energy Vehicle Lithium Ion Battery market
Some of the prominent players in the lithium-ion battery market include:
GS Yuasa International Ltd.
BYD Company Ltd.
A123 Systems LLC
Hitachi Chemical Co., Ltd.
Shenzhen Huayu New Energy Technology Co., Ltd.
Johnson Controls
NEC Corporation, Panasonic Corporation
Samsung SDI Co., Ltd.
Toshiba Corporation
LG Chem Ltd.
Scope of the Report
By Chemistry
LFP
LCO
LTO
NMC
NCA
LMO
By Component
Cathode
Anode
Separators
Electrolytes
Aluminum foil
Copper foil
By Application
Industrial
Automotive
Consumer Electronics
By Region
North America
Europe
Asia Pacific
Rest Of World
Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation
Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted
Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary
Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global New Energy Vehicle Lithium Ion Battery Market Forces
5.1 Whats Driving the Market
5.2 Porters Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition
Chapter 6 Global New Energy Vehicle Lithium Ion Battery Market -Industry Snapshots
6.1 Overview
6.1.1 Global New Energy Vehicle Lithium Ion Battery Market Value, 2019 - 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis
Chapter 7 Global New Energy Vehicle Lithium Ion Battery Market Analysis, by Chemistry
7.1 Overview
7.2 Key Findings for New Energy Vehicle Lithium Ion Battery Market- By Type
7.2.1 New Energy Vehicle Lithium Ion Battery Market- Thermosets
7.2.2 New Energy Vehicle Lithium Ion Battery Market- Thermoplastics
7.2.3 New Energy Vehicle Lithium Ion Battery Market- Others
Chapter 8 Global New Energy Vehicle Lithium Ion Battery Market Analysis, by Product Type
8.1 Overview
8.2 Key Findings for New Energy Vehicle Lithium Ion Battery Market- By Component
8.2.1 New Energy Vehicle Lithium Ion Battery Market- polyurethane
8.2.2 New Energy Vehicle Lithium Ion Battery Market- Separators
8.2.3 New Energy Vehicle Lithium Ion Battery Market- Electrolytes
New Energy Vehicle Lithium Ion Battery market by Component 4, 2019 - 2028 (USD Million)
Chapter 9 Global New Energy Vehicle Lithium Ion Battery Market Analysis, by Application
9.1 Overview
9.2 Key Findings for New Energy Vehicle Lithium Ion Battery Market- By Application
9.2.1 New Energy Vehicle Lithium Ion Battery Market- Industrial
New Energy Vehicle Lithium Ion Battery market by Application 1, 2019 - 2028 (USD Million)
9.2.2 New Energy Vehicle Lithium Ion Battery Market- Automotive
New Energy Vehicle Lithium Ion Battery market by Application 2, 2019 - 2028 (USD Million)
9.2.3 New Energy Vehicle Lithium Ion Battery Market- Consumer Electronics
New Energy Vehicle Lithium Ion Battery market by Application 3, 2019 - 2028 (USD Million)
Chapter 10 New Energy Vehicle Lithium Ion Battery Market Analysis by Region
10.1 Key Findings for New Energy Vehicle Lithium Ion Battery Market- By region
10.2 Overview
10.2.1 Global New Energy Vehicle Lithium Ion Battery Market Analysis, By Type, 2019 - 2028
10.2.2 Global New Energy Vehicle Lithium Ion Battery Market Analysis, By Product Type, 2019 - 2028
10.2.3 Global New Energy Vehicle Lithium Ion Battery Market Analysis, By End User, 2019 - 2028
10.3 New Energy Vehicle Lithium Ion Battery Market North America
10.3.1 Overview
10.3.2 U.S.
10.3.3 Canada
10.3.4 Mexico
10.3.5 North America Market, By Type
10.3.6 North America Market, By Product Type
10.3.7 North America Market, By End User
10.4 New Energy Vehicle Lithium Ion Battery Market Europe
10.4.1 Overview
10.4.2 Germany
10.4.3 United Kingdom
10.4.4 France
10.4.5 Italy
10.4.6 Rest Of Europe
10.4.7 Europe Market, By Type
10.4.8 Europe Market, By Product Type
10.4.9 Europe market by, End User
10.5 New Energy Vehicle Lithium Ion Battery Market Asia Pacific
10.5.1 Overview
10.5.2 China
10.5.3 Japan
10.5.4 India
10.5.5 Rest of APAC
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Product Type
10.5.8 Asia Pacific Market, By End User
10.6 New Energy Vehicle Lithium Ion Battery Market Rest Of World
10.6.1 Overview
10.6.2 Middle East & Africa (MEA)
10.6.3 South America
10.6.4 Rest Of World
10.6.5 South America, Middle East and Africa Market, By Type
10.6.6 South America, Middle East and Africa Market, By Product Type
10.6.7 South America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
11.1.3 Recent Developments
Chapter 12 Company Profiles- Snapshot
12.1 LG Chem Ltd.
12.1.1 Business Fundamentals
12.1.2 Financial Snapshots
12.1.3 Product Portfolio
12.1.4 Recent Developments
12.2 GS Yuasa International Ltd.
12.3 BYD Company Ltd.
12.4 A123 Systems LLC
12.5 Hitachi Chemical Co., Ltd.
12.6 Shenzhen Huayu New Energy Technology Co., Ltd.
12.7 Johnson Controls
12.8 NEC Corporation, Panasonic Corporation
12.9 Samsung SDI Co., Ltd.
12.10 Toshiba Corporation
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies
Chapter 13 Appendix
List Of Tables
TABLE 1 New Energy Vehicle Lithium Ion Battery market by Chemistry 1, 2019 - 2028 (USD Million)TABLE 2 New Energy Vehicle Lithium Ion Battery market by Chemistry 2, 2019 - 2028 (USD Million)
TABLE 3 New Energy Vehicle Lithium Ion Battery market by Chemistry 3, 2019 - 2028 (USD Million)
TABLE 4 New Energy Vehicle Lithium Ion Battery market by component 1, 2019 - 2028 (USD Million)
TABLE 5 New Energy Vehicle Lithium Ion Battery market by Component 3, 2019 - 2028 (USD Million)
TABLE 6 Global New Energy Vehicle Lithium Ion Battery Market Value, By Type, 2019 - 2028 (US$ Bn)
TABLE 7 Global New Energy Vehicle Lithium Ion Battery Market Value, By Product Type, 2019 - 2028 (US$ Bn)
TABLE 8 Global New Energy Vehicle Lithium Ion Battery Market Value, By End User, 2019 - 2028 (US$ Bn)
TABLE 9 New Energy Vehicle Lithium Ion Battery Market Analysis by North America (USD Million), 2019 - 2028
TABLE 10 U.S. New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 11 U.S. New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 12 U.S. New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 13 U.S. New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 14 Canada New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 15 Canada New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 16 Canada New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 17 Canada New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 18 Mexico New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 19 Mexico New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 20 Mexico New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 21 Mexico New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 22 New Energy Vehicle Lithium Ion Battery Market Analysis by Europe (USD Million), 2019 - 2028
TABLE 23 Germany New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 24 Germany New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 25 Germany New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 26 Germany New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 27 United Kingdom New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 28 United Kingdom New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 29 United Kingdom New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 30 United Kingdom New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 31 France New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 32 France New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 33 France New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 34 France New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 35 Italy New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 36 Italy New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 37 Italy New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 38 Italy New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 39 Rest Of Europe New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 40 Rest Of Europe New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 41 Rest Of Europe New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 42 Rest of Europe New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 43 New Energy Vehicle Lithium Ion Battery Market Analysis by Asia Pacific (USD Million), 2019 - 2028
TABLE 44 China New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 45 China New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 46 China New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 47 China New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 48 Japan New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 49 Japan New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 50 Japan New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 51 Japan New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 52 India New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 53 India New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 54 India New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 55 India New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 56 Rest of APAC New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 57 Rest of APAC New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 58 Rest of APAC New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 59 Rest of APAC New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 60 New Energy Vehicle Lithium Ion Battery Market Analysis byRest Of World(USD Million), 2019 - 2028
TABLE 61 Middle East & Africa (MEA) New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 62 Middle East & Africa (MEA) New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 63 Middle East & Africa (MEA) New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 64 Middle East & Africa (MEA) Market, By End User, 2019 - 2028 (USD Million)
TABLE 65 South America New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 66 South America New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 67 South America New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 68 South America New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
TABLE 69 Rest Of World New Energy Vehicle Lithium Ion Battery Market, 2019 - 2028 (USD Million)
TABLE 70 Rest Of World New Energy Vehicle Lithium Ion Battery Market, By Type, 2019 - 2028 (USD Million)
TABLE 71 Rest Of World New Energy Vehicle Lithium Ion Battery Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 72 Rest Of World New Energy Vehicle Lithium Ion Battery Market, By End User, 2019 - 2028 (USD Million)
Chapter 1
List Of Figures
FIG. 1 Global New Energy Vehicle Lithium Ion Battery: Market SegmentationFIG. 2 Global New Energy Vehicle Lithium Ion Battery Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Market Snapshot
FIG. 5 Porters Five Forces Analysis
FIG. 6 Global New Energy Vehicle Lithium Ion Battery Market Value, 2019 - 2028, (US$ Bn)
FIG. 7 Supply Chain/Value Chain Analysis
FIG. 8 Global New Energy Vehicle Lithium Ion Battery Market Value Contribution, By Type, 2019 & 2026 (%)
FIG. 9 Global New Energy Vehicle Lithium Ion Battery Market Value Contribution, By Product Type, 2019 & 2026 (%)
FIG. 10 Global New Energy Vehicle Lithium Ion Battery Market Value Contribution, By End User, 2019 & 2026 (%)
FIG. 11 Global New Energy Vehicle Lithium Ion Battery Market Value, 2019 - 2028, (US$ Bn)
FIG. 12 North America New Energy Vehicle Lithium Ion Battery Market Value, 2019 - 2028, (US$ Bn)
FIG. 13 New Energy Vehicle Lithium Ion Battery Market Segment 1 North America
FIG. 14 New Energy Vehicle Lithium Ion Battery Market Segment 2 North America
FIG. 15 New Energy Vehicle Lithium Ion Battery Market Segment 3 North America
FIG. 16 New Energy Vehicle Lithium Ion Battery U.S. outlook, 2019 & 2026
FIG. 17 New Energy Vehicle Lithium Ion Battery Canada outlook, 2019 & 2026
FIG. 18 New Energy Vehicle Lithium Ion Battery Mexico outlook, 2019 & 2026
FIG. 19 Europe New Energy Vehicle Lithium Ion Battery Market Value, 2019 - 2028, (US$ Bn)
FIG. 20 New Energy Vehicle Lithium Ion Battery Market Segment 1 Europe
FIG. 21 New Energy Vehicle Lithium Ion Battery Market Segment 2 Europe
FIG. 22 New Energy Vehicle Lithium Ion Battery Market Segment 3 Europe
FIG. 23 New Energy Vehicle Lithium Ion Battery Germany outlook, 2019 & 2026
FIG. 24 New Energy Vehicle Lithium Ion Battery United Kingdom outlook, 2019 & 2026
FIG. 25 New Energy Vehicle Lithium Ion Battery France outlook, 2019 & 2026
FIG. 26 New Energy Vehicle Lithium Ion Battery Italy outlook, 2019 & 2026
FIG. 27 New Energy Vehicle Lithium Ion Battery Rest Of Europe outlook, 2019 & 2026
FIG. 28 Asia Pacific New Energy Vehicle Lithium Ion Battery Market Value, 2019 - 2028, (US$ Bn)
FIG. 29 New Energy Vehicle Lithium Ion Battery Market Segment 1 Asia Pacific
FIG. 30 New Energy Vehicle Lithium Ion Battery Market Segment 2 Asia Pacific
FIG. 31 New Energy Vehicle Lithium Ion Battery Market Segment 2 Asia Pacific
FIG. 32 New Energy Vehicle Lithium Ion Battery China outlook, 2019 & 2026
FIG. 33 New Energy Vehicle Lithium Ion Battery Japan outlook, 2019 & 2026
FIG. 34 New Energy Vehicle Lithium Ion Battery India outlook, 2019 & 2026
FIG. 35 New Energy Vehicle Lithium Ion Battery Rest of APAC outlook, 2019 & 2026
FIG. 36 Rest Of World New Energy Vehicle Lithium Ion Battery Market Value, 2019 - 2028, (US$ Bn)
FIG. 37 New Energy Vehicle Lithium Ion Battery Market Segment 1 Rest Of World
FIG. 38 New Energy Vehicle Lithium Ion Battery Market Segment 2 Rest Of World
FIG. 39 New Energy Vehicle Lithium Ion Battery Market Segment 3 Rest Of World
FIG. 40 New Energy Vehicle Lithium Ion Battery Middle East & Africa (MEA) outlook, 2019 & 2026
FIG. 41 New Energy Vehicle Lithium Ion Battery South America outlook, 2019 & 2026
FIG. 42 New Energy Vehicle Lithium Ion Battery Rest Of World outlook, 2019 & 2026
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