The Global Automotive Lithium-ion Battery Market is Projected to Reach USD 95.3 Billion by 2030, Growing at an Annualized rate of 17.1 %, Claims Roots Analysis
Owing to their numerous benefits, the sales of lithium ion battery powered cars have grown by more than 10 times over the period 2013-2019. In addition, the anticipated ban on IC engine vehicles by 2030 is likely to further drive the demand for these batteries within the automobile industry.
To order this 100+ page report, which features 60+ figures and 100+ tables, please visit this link
NMC batteries, primarily used in buses and cars, represent more than one-third of overall market share (in terms of revenues generated from battery sales). Other popular battery types that are expected to witness significant growth in the foreseen future, are lithium titanium oxide (LTO) batteries and lithium iron phosphate batteries (LiFEPO4).
Electric four wheelers are expected to capture over 50% of the market by 2030
In developed geographies, e-buses and e-cars are likely to drive significant growth in battery sales; specifically, e-cars are anticipated to dominate the market throughout the forecast period. On the other hand, lithium-ion battery powered three wheelers are anticipated to contribute to revenue generation in developing nations, such as India, China and Africa. Currently, China holds the top position among the world's largest manufacturers of lithium ion batteries for automotive applications.
By 2025, the global lithium-ion battery production capacity could reach up to 1,112 GWh
In 2019, lithium ion batteries with 48-99 WH capacity are anticipated to capture over 30% of the global market. However, batteries with a capacity of more than 250 KWh are expected to grow at a rapid rate, due to the growing number of electric buses across the world, specifically, in the US, UK and China.
To request a sample copy / brochure of this report, please visit this link
Key Questions Answered
What are the popular types of lithium-ion batteries?
How are lithium-ion batteries more profitable than other batteries?
Who are the key players within the automotive lithium-ion battery market?
What is the current and future capacity of lithium-ion batteries?
What are the key geographies with manufacturing capabilities for lithium-ion battery powered electric vehicles?
How is the current and future market opportunity likely to be distributed across key market segments?
How is the current and forecasted opportunity likely to be distributed across two wheeler-, three wheeler- and four wheeler electric vehicles?
The USD 95.3 billion (by 2030) financial opportunity within the global automotive lithium-ion battery market has been analyzed across the following segments:
Battery Type
Lithium Nickel Manganese Cobalt Batteries
Lithium Titanium Oxide Batteries
Lithium Iron Phosphate Batteries
Vehicle Type
Two Wheelers
Three Wheelers
Four Wheelers
Battery Capacity
5-47 Wh
48-99 Wh
100-250 KWh
More than 250 KWh
Key Geographical Regions
North America
Europe
Asia-Pacific
RoW (Latin America, Middle East, and Africa)
The research covers profiles of key players that offer contract manufacturing services for medical devices, featuring an overview of the company, its service portfolio, details on manufacturing facilities, and an informed future outlook.
The ProLift Rigging Company, a leading provider of solutions-based industrial construction services in North America, announced, today, it has been honored with two Safety Awards from The Specialized Carriers & Rigging Association (SC&RA) --The Crane...
CNH announces signing of a ?3.25 billion committed revolving credit facility Basildon, April 23, 2024 On April 19, 2024, CNH signed a ?3.25 billion committed revolving credit facility, intended for general corporate purposes of the Company. The...
Joby Aviation, Inc. , a company developing all-electric aircraft for commercial passenger service, today announced that it expects to release its first quarter 2024 financial results after market close on Tuesday, May 7, 2024, and to host a webcast...
In a spectacular celebration today at the Port of Barcelona, award-winning actress and performer Hannah Waddingham officially welcomed the newest and most innovative Princess Cruises ship ? Sun Princess ? serving as godmother during a star-studded...
Hagerty, Inc. , an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its first quarter 2024 financial results before the market opens on Tuesday, May 7, 2024....
CN announced today that its Board of Directors has approved a second-quarter 2024 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on June 28, 2024,...