Press release
Emerging Sub-Segments Transforming the Lithium-Ion (Li-Ion) Market Landscape
Lithium-Ion (Li-Ion)
Projected Growth and Valuation of the Lithium-Ion Market by 2029
The lithium-ion market is set to experience rapid development over the coming years. Forecasts indicate that its valuation will soar to $119.84 billion by 2029, supported by a robust compound annual growth rate (CAGR) of 10.8%. This upward trajectory is fueled by factors such as the rise of electric aviation, the ongoing energy transition, increasing adoption of electric vehicles, expansion into emerging markets, and growing industrial and commercial applications. During this period, important trends such as solid-state batteries, battery recycling, advancements in fast charging technology, improvements in energy density, and the use of advanced materials will play a critical role in market evolution.
Download a free sample of the lithium-ion (li-ion) market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3875&type=smp
Leading Companies Driving the Lithium-Ion Battery Market
Several influential companies are shaping the lithium-ion battery sector, including A123 Systems Inc., Automotive Energy Supply Corporation (AESC), LG Chem Ltd., Panasonic Corporation, Samsung SDI Co. Ltd., Toshiba Corporation, BYD Company Limited, Contemporary Amp Technology Co. Ltd. (CATL), Johnson Controls Inc., and Amp Technology Limited (ATL). Other key players include BAK Group, Blue Energy Co. Ltd., Aviation Industry Corporation of China (AVIC), CBAK Energy Technology Co. Ltd., GS Yuasa Corporation, Hefei Guoxuan High-tech Power Energy Co. Ltd., Hitachi Chemical Co. Ltd., Johnson Controls International plc, Microvast Inc., Saft Batteries, Amperes Technology Co. Ltd., Tianjin Lishen Battery Joint-Stock Co. Ltd., Tianneng Power International Limited, eCobalt Solutions Inc., LG Energy Solution, SK Innovation Co. Ltd., Tesla Inc., Valence Technology Inc., EnerDel Inc., Lithium Werks B.V., Electrovaya Inc., Kokam Co. Ltd., Envision AESC Group Ltd., Farasis Energy Inc., Lishen Battery, Northvolt AB, VARTA AG, BMZ GmbH, Leclanché SA, and EVE Energy Co. Ltd.
Strategic Moves Highlighting Market Expansion
In a notable development from March 2022, Reliance New Energy Limited, a subsidiary of Reliance Industries Ltd., acquired Lithium Werks BV for $61 million. This deal enhances Reliance's expertise in cell chemistry technology and accelerates its plans to establish large-scale battery manufacturing capabilities in India. Lithium Werks BV, based in the Netherlands, is recognized for its lithium-ion battery production, making this acquisition a strategic asset in the competitive battery market.
View the full lithium-ion (li-ion) market report:
https://www.thebusinessresearchcompany.com/report/lithium-ion-li-ion-batteries-global-market-report
Key Trends Impacting the Lithium-Ion Industry
Among the main focuses in the lithium-ion battery market is the development of batteries with superior discharge capabilities, offering a competitive advantage. For example, the Alliance I48-3.0 lithium-ion battery delivers increased power, extended range, enhanced durability, and minimal maintenance requirements. Such batteries are particularly suited for high-demand applications where reliable performance is essential.
To illustrate, in January 2022, American Battery Solutions Inc., a US-based manufacturer specializing in industrial and commercial lithium-ion batteries, announced the launch of the Alliance I48-3.0. This particular battery is designed for electric vehicles like golf cars and fits the industry-standard GC2 size. Its standout feature is the ability to handle demanding power requirements with a 350 Amp pulse and 120 Amp continuous discharge capacity. This versatility makes it ideal for use in fleet maintenance, construction equipment, and battery-powered tools. The Alliance I48-3.0 offers up to 75% more power than typical lithium-ion batteries of the same size, ensuring greater durability and a longer operational life.
Breakdown of Leading Segments in the Lithium-Ion Market
This report segments the lithium-ion battery market into several categories for a detailed view:
By Type: Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), and Lithium Nickel Cobalt Aluminum Oxide (NCA).
By Component: Cathode, Anode, Separators, Electrolytes, Aluminum foil, Copper foil, and Other Components.
By Application: Consumer Electronics, Automotive, Marine, Aerospace and Defense, Medical, Industrial, Power, and Other Applications.
Further classification of types includes:
- LI-NMC variants: NMC 111, NMC 532, NMC 622, NMC 811
- LFP categories: Standard LFP, High Energy LFP
- LCO groups: Standard LCO, High-Capacity LCO
- LTO types: Spinel LTO, Amorphous LTO
- LMO forms: Spinel LMO, Layered LMO
- NCA subtypes: Standard NCA, High-Performance NCA
These subdivisions provide a comprehensive framework to understand the diversity and specialization within the lithium-ion battery market as it continues to grow and innovate.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Sub-Segments Transforming the Lithium-Ion (Li-Ion) Market Landscape here
News-ID: 4321378 • Views: …
More Releases from The Business Research Company
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the EM …
The electromagnetic compatibility (EMC) testing market is gaining significant traction as electronic devices become increasingly complex and integrated into daily life. With the proliferation of new technologies and industries relying on EMC compliance, this sector is poised for steady growth. Let's explore the market's size, major players, emerging trends, and key segments shaping its future.
Projected Expansion and Size of the EMC Testing Market
The EMC testing market is forecasted…
Leading Companies Fueling Growth and Innovation in the Smart Mirror Market
The smart mirror market is gaining considerable traction as technology advances and consumer preferences evolve. This sector is set to witness notable growth driven by innovations that enhance personalized experiences and integrate wellness monitoring. Let's explore the market's size, key players, emerging trends, and detailed segments to understand what lies ahead for smart mirrors.
Projected Expansion and Market Size of the Smart Mirror Market
The smart mirror market is anticipated…
Key Strategic Developments and Emerging Changes Shaping the Refurbished Laptop M …
The refurbished laptop market is gaining considerable traction as more consumers and businesses seek sustainable and affordable computing solutions. With rising environmental concerns and the growing popularity of circular economy models, refurbished laptops are becoming an attractive alternative to new devices. Here's an in-depth look at the market's size, key players, trends, and segmentation.
Refurbished Laptop Market Size and Growth Outlook Through 2029
The refurbished laptop market is poised for…
Top Players and Competitive Dynamics in the Printed Circuit Board Market
The printed circuit board (PCB) industry is on track for remarkable expansion in the coming years, driven by technological advancements and growing demand across various sectors. This overview delves into the market's size projections, key players, emerging trends, and the segmentation that defines this vital electronic component industry.
Projected Market Size and Growth in the Printed Circuit Board Industry
The printed circuit board market is anticipated to experience significant growth,…
More Releases for Lithium
Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly.
The Lithium Compounds Market research report assesses the ongoing as well as future…
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market.
Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445
Additionally, in this…
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.…
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds…
