Asia-Pacific Lithium Ion Battery Market – Industry Analysis, Forecasts and Opportunity Assessment (2017-2023)
Asia-Pacific Lithium Ion Battery Market by Component (Cathode, Anode, Electrolytic Solution, and Others) and End-Use Industry (Electrical & Electronics, Automotive, and Industrial): Global Opportunity Analysis and Industry Forecast, 2017 – 2023Sample Report Request Customisation
Asia-Pacific Lithium Ion Battery Market Introduction
Lithium is the lightest metal known to humans and is known for its tremendous electrochemical properties. For this, lithium, which is used in several industrial materials, see a huge potential in battery manufacturing. The Lithium-ion batteries, stylized as Li-ion, is the most widely used type of rechargeable batteries. Among various rechargeable batteries available today, Li-ion ones are quite lucrative because they have low self-discharge rate and relatively high cycle durability at competitive price levels. This allows manufacturers to use Li-ion batteries in the manufacture of various products like:
- Portable Electronics (Laptops, Smartphones, etcetera)
- Electric Vehicles (Electric Cars and hybrid models)
- Industrial Machinery (Cordless Drills, saws, etcetera)
The battery comes in various sizes to be used across the products. However, Li-ion comes with a safety hazard because of the presence of flammable electrolytes in it. Currently, researches are in progress to make these batteries have even lesser safety hazards.
Market Dynamics of Lithium Ion Battery Market
With advancements in mobile computing, Li-ion battery is positioned to enjoy further growth in the near future. Asia-Pacific region enjoys several OEMs that manufacture Li-ion based devices and products and is the strongest market for the Li-ion batteries. Thanks to electronics boom from Japan and various products’ manufacturing being outsourced to China, Asia-Pacific lead the Li-ion battery usage.
Another important aspect is the changing gears in the automobile sector. With the push from various Governments across the globe, electric vehicles are slowly getting more mainstream. China, home of the largest automobile market has a number of manufacturing plants in the country. This has boosted the market outlook for Li-ion even further. Market trends show that the automotive industry will be the key to growth in the Li-ion market in the future. The projected market growth shows a solid rate of XX% till 2022 in the region. The main drivers would be automotive industry followed by electronics one, with former showing the highest growth prospect.
Market Segmentation of Lithium Ion Battery Market
The market is mainly segmented on the basis of the geographical region they’ve got a market in, according to the end-user industry and by the component. Based on the component, Li-ion is segmented into:
- Cathode ß Most lucrative segment
- Electrolyte Solution,
- And others.
On the basis of which industry they’ll be used in, the market is segmented into:
- Automotive ß Most lucrative
The automotive industry, the most lucrative one, is further segmented into cars, scooters and bikes, buses, trains and aircrafts.
Geographical Analysis Lithium Ion Battery Market
With various manufacturers in the Asia-Pacific region, they want more and more suppliers to be in the close vicinity for various cost benefits. This has made Asia-Pacific the largest supplier of Li-ion batteries across the globe. The countries which see the most demand for the products are as followings:
- South Korea
The regions which are particularly famous for supplies, with minimum consumption, are:
And, countries in Asia-Pacific which largely run on imports of Li-ion batteries are:
Various key players in the Li-ion battery sector in Asia-Pacific region are Panasonic Corp., Samsung, LG, Toshiba and Hitachi to name a few. However, the market is heavily fragmented and more than half of the market share is dominated by a number of small domestic players. In market share, Panasonic holds the top position and is followed by Samsung and LG.
Major Trade Partners
Asia-Pacific region is a net supplier for Li-ion batteries. Top countries which import Li-ion batteries from Asia-Pacific are United States, Mexico, United Kingdom, Italy, Ireland and Russia.
The report contains comprehensive analysis on:
- Lithium Ion Battery Market Segments
- Lithium Ion Battery Market Drivers, Restraints and Opportunities
- Lithium Ion Battery Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Lithium Ion Battery Market Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Lithium Ion Battery Market includes
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage