COVID-19 Impact and Recovery Analysis- Global Lithium-Ion Battery Market 2020-2024 | Increased Shipments of Smart Wearables to Boost Growth | Technavio
Technavio has been monitoring the lithium-ion battery market and it is poised to grow by USD 47.81 billion during 2020-2024, progressing at a CAGR of over 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the lithium-ion battery market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions-
Based on segmentation by application, which is the leading segment in the market?
The consumer electronics are expected to be the leading segment based on application in the global market during the forecast period.
What are the major trends in the market?
Decline in lithium-ion battery price is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 16%, the incremental growth of the market is anticipated to be USD 47.81 billion.
Who are the top players in the market?
A123 Systems LLC, Amperex Technology Ltd., BYD Co. Ltd., Dalian CBAK Power Battery Co. Ltd., Envision Energy USA Ltd., Hitachi Ltd., LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., and Toshiba International Corp. are some of the major market participants.
What are the key market drivers and challenges?
Increased shipments of smart wearables is one of the major factors driving the market. However, the growing popularity of fuel cell solutions restraints the market growth.
How big is the APAC market?
The APAC region will contribute 48% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A123 Systems LLC, Amperex Technology Ltd., BYD Co. Ltd., Dalian CBAK Power Battery Co. Ltd., Envision Energy USA Ltd., Hitachi Ltd., LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., and Toshiba International Corp. are some of the major market participants. The increased shipments of smart wearables will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this lithium-ion battery market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The lithium-ion battery market report covers the following areas:
Lithium-Ion Battery Market Size
Lithium-Ion Battery Market Trends
Lithium-Ion Battery Market Analysis
This study identifies a decline in lithium-ion battery price as one of the prime reasons driving the lithium-ion battery market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist lithium-ion battery market growth during the next five years
Estimation of the lithium-ion battery market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the lithium-ion battery market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of lithium-ion battery market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application placement
Consumer Electronics - Market size and forecast 2019-2024
Utilities - Market size and forecast 2019-2024
Automotive - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
Market Segmentation by Type
Market segments
Comparison by Type placement
Secondary - Market size and forecast 2019-2024
Primary - Market size and forecast 2019-2024
Market opportunity by Type
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
A123 Systems LLC
Amperex Technology Ltd.
BYD Co. Ltd.
Dalian CBAK Power Battery Co. Ltd.
Envision Energy USA Ltd.
Hitachi Ltd.
LG Chem Ltd.
Panasonic Corp.
Samsung SDI Co. Ltd.
Toshiba International Corp.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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