Lithium-ion Battery Market By Product And Application - Global Industry Analysis And Forecast To 2023
Published On : May 2022 Pages : 190 Category: Advanced Materials Report Code : CM05763
Industry Outlook and Trend Analysis
The Lithium-Ion Battery Market was worth USD 22.02 billion in 2017 and is expected to reach approximately USD 88.47 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 16.71% during the forecast period. Expanding enrolment of electric vehicles (EVs) alongside diminishing lithium-ion battery cost is expected to enlarge industry measure over the gauge time frame. The rising number of PV installations and nuclear power plants alongside the initiation of New Wind Energy Projects are expected to augment the market development over the conjecture time frame. The pattern of renewable energy generation was driven by expanding worries about environmental change, ideal government incentives, diminishing cost of solar photovoltaic cells, and declining expense of batteries.
Product Outlook and Trend Analysis
Lithium Nickel Manganese Cobalt battery was the leading fragment and represented 26% of the worldwide share in 2017. Expanding adoption of NMC in power tools, e-bikes and other electric powertrains by virtue of its higher energy density, low cost, and longer cycle life will fuel its request over the gauge time frame. NMC provides general execution and exceeds expectations on particular vitality and have high limit and high power. Lithium press phosphate (LFP) batteries are anticipated to develop at a significant CAGR over the forecast period. The LFP batteries offer amazing security and long-life traverse to the product.
Application Outlook and Trend Analysis
Consumer electronics application was esteemed at USD 11.92 billion out of 2017 by virtue of high strength and dependability of these batteries in consumer appliances, for example, smartphones and laptops. Developing electronics industry in different nations is anticipated to build industry extension over the estimate period. Energy stockpiling frameworks is anticipated to expand indicate significant demand ascend at a significant CAGR over the estimate time frame because of expanding off-grid installations.
Regional Outlook and Trend Analysis
Asia Pacific is anticipated to indicate high income gains over the forecast period. Expanding interest for mobiles and tablets in different nations including India, China, Japan and Thailand is foreseen to increase industry development over the figure period. North America is anticipated to witness a huge development over the gauge time frame inferable from the developing electric vehicle and consumer electronics sales in nations including U.S. and Mexico.
Competitive Insights
The leading players in the market are Johnson Controls, NEC, Saft Groupe S.A, LG Chem, Panasonic, Hitachi, BYD Company, A123 Systems and Toshiba. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Lithium-Ion Battery Market is segmented as follows-
By Product:
- Lithium iron phosphate (LFP)
- Lithium Nickel Cobalt Aluminum Oxide (NCA)
- Lithium Titanate (LTO)
- Lithium Nickel Manganese Cobalt (NMC)
- Lithium Manganese Oxide (LMO)
- Lithium cobalt oxide (LCO)
By Application:
- Automotive
- Energy storage systems
- Consumer electronics
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Lithium-Ion Battery Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Lithium cobalt oxide (LCO)
· Lithium iron phosphate (LFP)
· Lithium Nickel Cobalt Aluminum Oxide (NCA)
· Lithium Manganese Oxide (LMO)
· Lithium Titanate
· Lithium Nickel Manganese Cobalt
· Lithium-Ion Battery Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Consumer electronics
· Automotive
· Energy storage system
· Industrial
· Lithium-Ion Battery Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Lithium-Ion Battery Market, By Country
o U.S. Lithium-Ion Battery Market
o Canada Lithium-Ion Battery Market
o Mexico Lithium-Ion Battery Market
· Europe
§ Europe Lithium-Ion Battery Market, By Country
o Germany Lithium-Ion Battery Market
o UK Lithium-Ion Battery Market
o France Lithium-Ion Battery Market
o Russia Lithium-Ion Battery Market
o Italy Lithium-Ion Battery Market
o Rest of Europe Lithium-Ion Battery Market
· Asia-Pacific
§ Asia-Pacific Lithium-Ion Battery Market, By Country
o China Lithium-Ion Battery Market
o Japan Lithium-Ion Battery Market
o South Korea Lithium-Ion Battery Market
o India Lithium-Ion Battery Market
o Southeast Asia Lithium-Ion Battery Market
o Rest of Asia-Pacific Lithium-Ion Battery Market
· South America
§ South America Lithium-Ion Battery Market
o Brazil Lithium-Ion Battery Market
o Argentina Lithium-Ion Battery Market
o Columbia Lithium-Ion Battery Market
o South Africa Lithium-Ion Battery Market
o Rest of South America Lithium-Ion Battery Market
· Middle East and Africa
§ Middle East and Africa Lithium-Ion Battery Market
o Saudi Arabia Lithium-Ion Battery Market
o UAE Lithium-Ion Battery Market
o Egypt Lithium-Ion Battery Market
o Nigeria Lithium-Ion Battery Market
o South Africa Lithium-Ion Battery Market
o Rest of MEA Lithium-Ion Battery Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Lithium-Ion Battery Market, By Product
5.1. Introduction
5.2. Global Lithium-Ion Battery Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Lithium-Ion Battery Sales and Sales Share by Product (2017-2027)
5.2.2. Global Lithium-Ion Battery Revenue and Revenue Share by Product (2017-2027)
5.3. Lithium cobalt oxide (LCO)
5.3.1. Global Lithium cobalt oxide (LCO) Sales and Growth Rate (2017-2027)
5.4. Lithium iron phosphate (LFP)
5.4.1. Global Lithium iron phosphate (LFP) Sales and Growth Rate (2017-2027)
5.5. Lithium Nickel Cobalt Aluminum Oxide (NCA)
5.5.1. Global Lithium Nickel Cobalt Aluminum Oxide (NCA) Sales and Growth Rate (2017-2027)
5.6. Lithium Manganese Oxide (LMO)
5.6.1. Global Lithium Manganese Oxide (LMO) Sales and Growth Rate (2017-2027)
5.7. Lithium Titanate
5.7.1. Global Lithium Titanate Sales and Growth Rate (2017-2027)
5.8. Lithium Nickel Manganese Cobalt
5.8.1. Global Lithium Nickel Manganese Cobalt Sales and Growth Rate (2017-2027)
6. Lithium-Ion Battery Market, By Application
6.1. Introduction
6.2. Global Lithium-Ion Battery Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Lithium-Ion Battery Sales and Sales Share by Application (2017-2027)
6.2.2. Global Lithium-Ion Battery Revenue and Revenue Share by Application (2017-2027)
6.3. Consumer Electronics
6.3.1. Global Consumer Electronics Sales and Growth Rate (2017-2027)
6.4. Automotive
6.4.1. Global Automotive Sales and Growth Rate (2017-2027)
6.5. Energy Storage System
6.5.1. Global Energy Storage System Sales and Growth Rate (2017-2027)
6.6. Industrial
6.6.1. Global Industrial Sales and Growth Rate (2017-2027)
7. Lithium-Ion Battery Market, By Region
7.1. Introduction
7.2. Global Lithium-Ion Battery Sales, Revenue and Market Share by Regions
7.2.1. Global Lithium-Ion Battery Sales by Regions (2017-2027)
7.2.2. Global Lithium-Ion Battery Revenue by Regions (2017-2027)
7.3. North America Lithium-Ion Battery by Countries
7.3.1. North America Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.3.2. North America Lithium-Ion Battery Revenue and Growth Rate (2017-2027)
7.3.3. North America Lithium-Ion Battery Sales by Countries (2017-2027)
7.3.4. North America Lithium-Ion Battery Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.3.5.2. United States Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Lithium-Ion Battery Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Lithium-Ion Battery by Countries
7.4.1. Europe Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.4.2. Europe Lithium-Ion Battery Revenue and Growth Rate (2017-2027)
7.4.3. Europe Lithium-Ion Battery Sales by Countries (2017-2027)
7.4.4. Europe Lithium-Ion Battery Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.4.6.2. UK Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.4.7.2. France Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Lithium-Ion Battery Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Lithium-Ion Battery Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Lithium-Ion Battery Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.5.5.2. China Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.5.8.2. India Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.6.2. South America Lithium-Ion Battery Revenue and Growth Rate (2017-2027)
7.6.3. South America Lithium-Ion Battery Sales by Countries (2017-2027)
7.6.4. South America Lithium-Ion Battery Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Lithium-Ion Battery Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Lithium-Ion Battery Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Lithium-Ion Battery Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Lithium-Ion Battery Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Lithium-Ion Battery Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. BYD Co., Ltd.
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. A123 Systems, LLC/ Wanxiang
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Hitachi, Ltd.
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Huanyu New Energy Technology Co., Ltd.
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Johnson Controls
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. LG Chem Ltd.
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. NEC Corporation
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Panasonic Corporation
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Saft Groupe S.A.
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Samsung SDI Co., Ltd.
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Lithium-Ion Battery Market Competition, by Manufacturer
9.1. Global Lithium-Ion Battery Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Lithium-Ion Battery Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Lithium-Ion Battery Price by Manufacturer (2017-2017)
9.4. Top 5 Lithium-Ion Battery Manufacturer Market Share
9.5. Market Competition Trend
10. Lithium-Ion Battery Market Forecast (2027-2023)
10.1. Global Lithium-Ion Battery Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Lithium-Ion Battery Market Forecast by Regions (2027-2023)
10.2.1. North America Lithium-Ion Battery Market Forecast (2027-2023)
10.2.1.1. United States Lithium-Ion Battery Market Forecast (2027-2023)
10.2.1.2. Canada Lithium-Ion Battery Market Forecast (2027-2023)
10.2.1.3. Mexico Lithium-Ion Battery Market Forecast (2027-2023)
10.2.2. Europe Lithium-Ion Battery Market Forecast (2027-2023)
10.2.2.1. Germany Lithium-Ion Battery Market Forecast (2027-2023)
10.2.2.2. United Kingdom Lithium-Ion Battery Market Forecast (2027-2023)
10.2.2.3. France Lithium-Ion Battery Market Forecast (2027-2023)
10.2.2.4. Russia Lithium-Ion Battery Market Forecast (2027-2023)
10.2.2.5. Italy Lithium-Ion Battery Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Lithium-Ion Battery Market Forecast (2027-2023)
10.2.3. Asia-Pacific Lithium-Ion Battery Market Forecast (2027-2023)
10.2.3.1. China Lithium-Ion Battery Market Forecast (2027-2023)
10.2.3.2. Japan Lithium-Ion Battery Market Forecast (2027-2023)
10.2.3.3. Korea Lithium-Ion Battery Market Forecast (2027-2023)
10.2.3.4. India Lithium-Ion Battery Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Lithium-Ion Battery Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Lithium-Ion Battery Market Forecast (2027-2023)
10.2.4. South America Lithium-Ion Battery Market Forecast (2027-2023)
10.2.4.1. Brazil Lithium-Ion Battery Market Forecast (2027-2023)
10.2.4.2. Argentina Lithium-Ion Battery Market Forecast (2027-2023)
10.2.4.3. Columbia Lithium-Ion Battery Market Forecast (2027-2023)
10.2.4.4. Rest of South America Lithium-Ion Battery Market Forecast (2027-2023)
10.2.5. Middle East and Africa Lithium-Ion Battery Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Lithium-Ion Battery Market Forecast (2027-2023)
10.2.5.2. UAE Lithium-Ion Battery Market Forecast (2027-2023)
10.2.5.3. Egypt Lithium-Ion Battery Market Forecast (2027-2023)
10.2.5.4. Nigeria Lithium-Ion Battery Market Forecast (2027-2023)
10.2.5.5. South Africa Lithium-Ion Battery Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Lithium-Ion Battery Market Forecast (2027-2023)
10.3. Lithium-Ion Battery Market Forecast by Product (2027-2023)
10.3.1. Global Lithium-Ion Battery Sales Forecast by Product (2027-2023)
10.3.2. Global Lithium-Ion Battery Sales Market Share Forecast by Product (2027-2023)
10.4. Lithium-Ion Battery Market Forecast by Application (2027-2023)
10.4.1. Global Lithium-Ion Battery Sales Forecast by Application (2027-2023)
10.4.2. Global Lithium-Ion Battery Sales Market Share Forecast by Application (2027-2023)
*You can glance through the list of Tables and Figures when you view the sample copy of Lithium-Ion Battery Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Lithium-Ion Battery Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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