US Lithium-Ion Battery Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)

Report on US Lithium-Ion Battery Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)

Introduction to US Lithium-Ion Battery Market

The demand for energy-efficient and low-cost batteries is the key factor driving the growth of the lithium-ion (Li-ion) battery market. The market was valued at USD 23.51 billion in 2015 and is forecasted to grow at 16.6% in the 2016-2022 period. Availability in all shapes & sizes and lighter weight as compared to other batteries of similar capacity.

The Li-ion technology holds several advantages over the Nickel-Cadmium types. Li-ion batteries provide a high energy density which can be used for powering electronic devices over a longer duration of time. This is the primary factor which has been increasing the growth of the market. The low rate of self-discharge and low maintenance, offer Li-ion batteries an edge over the other substitutes available in the market. With the new variants, the Lithium-ion Battery technology can be enhanced to handle different types of market needs ranging from powering smartphones to electric or plug-in hybrid vehicles. This has, in turn, contributed to an augmented demand for lithium-ion batteries across the globe. The market growth is further catalyzed by the strict regulations being implemented by several governments to reduce pollution.

Market Dynamics

  • The continuous R&D in the field of lithium cobalt oxide battery to improve the cathode and electrolyte solutions are helping the market
  • Investment in the development of medical devices and an increase in the procurement of technologically advanced medical devices is supporting the market
  • The automotive industry is able to reduce environmental impacts due to Li-ion batteries
  • The consumer electronics industry has shifted from Ni-Cd batteries, and NiMH batteries to Li-ion batteries are due to its lightweight nature, energy saving capacity and performance.
  • The market for Li-ion batteries would find application in the aerospace & defense sector
  • The medical industry is procuring a large number of Li-ion batteries to enhance their products and solutions

Market Drivers

  • Large energy companies are making huge investments in the Li-ion battery infrastructure
    • Demand for renewable energy sources is increasing
    • Li-ion battery has the potential for commercial use in the automotive sector on a very large scale

Market Restraints

  • Developing the rechargeable aspects of the Li-ion batteries is a huge challenge
    • Filing patents regarding this market are a very cumbersome process
    • Lobbying by petroleum industry against the Li-ion battery industry to protect their own interest

 

Market Segmentation

By Component

  • Cathode
  • Anode
  • Electrolytic Solution
  • Others

By End-Use Industry

  • Electrical & Electronics
    • Smartphone & Tablet/PC
    • UPS
    • Others
  • Automotive
    • Car, Bus, & Truck
    • Scooter & Bike
    • Train & Aircraft
  • Industrial
    • Crane & Forklift
    • Mining Equipment
    • Smart Grid & Renewable Energy Storage

By Type

  • Lithium Nickel Manganese Cobalt (LI-NMC)
  • Lithium Iron Phosphate (LFP)
  • Lithium Cobalt Oxide (LCO)
  • Lithium Titanate Oxide (LTO)
  • Lithium Manganese Oxide (LMO)
  • Lithium Nickel Cobalt Aluminium Oxide (NCA)

By Power Capacity

  • 0 to 3000mAh
  • 3000mAh to 10000mAh
  • 10000mAh to 60000mAh
  • More than 60000mAh

 

Key Players

PolyPlus Battery Company, Lithion Energy Inc., IBM Corp., ARPA-E

 

The report contains a comprehensive analysis on:

  • U.S Lithium Ion Battery Market Segments
  • U.S Lithium Ion Battery Market Drivers, Restraints and Opportunities
  • U.S Lithium Ion Battery Market Size & Forecast 2016 to 2023
  • Supply & Demand Value Chain
  • U.S 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 Player

Report Highlights:

  • 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

 

 

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