According to TechSci Research report “Global Lithium-ion Battery Market By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 – 2021”, the global lithium-ion battery market is projected to grow at a CAGR of over 17% during 2016 - 2021.
1. Global Lithium-ion Battery Market By Type,
By End User, By Region, Competition
Forecast and Opportunities, 2011 – 2021
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
11. R e s e a r c h M e t h o d o l o g y
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@techsciresearch
In the beginning, a brief study was conducted to understand each and every allied industries that impacts the
demand for lithium-ion battery. Moreover, an in-depth analysis was conducted to understand the extent to
which the lithium-ion batteries are being used all across the world.
Afterwards, a detailed and in-depth scrutiny was done to understand each and every policy and external as well
as internal factors which can increase or decrease the demand for lithium-ion battery in all the regions across
the world. For this, various publically available documents were studied followed by exhausted primary research
for assessment of the market of lithium-ion battery.
The study has been carried out considering various aspects of global lithium-ion battery market:
Secondary Sources
Central African Economic and Monetary Community
(CEMAC)
The International Renewable Energy Agency
Battery University International Energy Agency
United Nations Asian Development Bank
European Union website Journals & White Papers
Online Books, Articles and News Podcasts Company Website
12. R e s e a r c h M e t h o d o l o g y
To extract the data for global lithium-ion battery market, primary research surveys were conducted with key
end user industries, lithium-ion battery manufacturing companies and service providers in order to understand
the past trend.
However, for forecasting the market of lithium-ion battery, following assumptions were considered:
Global consumer electronic market will continue to grow on a similar pace
Lithium-ion based battery will find vast adaptation in solar based plants
Considering these assumptions, our dedicated team of industry experts has comprehensively monitored and
analysed various aspects of global lithium-ion battery market. The team has analyzed various industry
segments and speculated a positive future for global lithium-ion battery market.
13. I n d u s t r y B r i e f
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Lithium Ion Battery Market to Grow at CAGR 17% till 2021
Booming consumer electronics market, growing demand for uninterrupted power & grid stability and increasing demand for
electric vehicles to drive demand for global lithium-ion battery market
According to a recently published TechSci Research report “Global Lithium ion Battery Market By Type, By End User, By Region,
Competition Forecast and Opportunities, 2011 – 2021”, the global lithium-ion battery market is projected to grow at a CAGR of
more than 17% during 2016 - 2021, on account of surging demand for portable and stationary energy storage, increasing
environmental concerns and escalating number of solar & wind projects. Lithium-ion batteries are being increasingly preferred
over traditional lead acid batteries for power storage purposes in renewable power projects as well as residential and commercial
set-ups, globally. Demand for energy is forecast to increase from 12,928.4 Million Ton Oil Equivalent (MTOE) in 2014 to 17,000
MTOE by 2020. Anticipated growth in global energy demand is expected to boost adoption of lithium-ion batteries over the course
of next five years.
Electric vehicles running on lithium-ion batteries constitute one of the fastest growing clean energy segments across the globe. As
of 2015, around 95% of hybrid electric vehicles plying on the roads, globally, were using lithium-ion batteries. It is estimated that
more than 350,000 electric cars were sold worldwide in the same year, and most of these cars run on lithium-ion batteries.
Moreover, continuing surge in sales of smartphones is another major factor driving demand for lithium-ion batteries. Globally,
smartphone sales are forecast to increase from an estimated 1.89 billion units in 2015 to 2.61 billion units by 2019.
Lithium Nickel Manganese Cobalt (Li-NMC) dominated the global lithium-ion battery market in 2015, and the segment is
anticipated to maintain its dominance over the next five years as well. Consumer electronics is the largest end user of lithium-ion
batteries across the globe as Lithium-ion batteries are one of the most popular types of rechargeable batteries for portable
electronics, with a high energy density, negligible memory effect and low self-discharge. In 2015, Asia-Pacific dominated the global
lithium-ion battery market, followed by North America, Europe, Middle East & Africa and South America.
“Governments across various countries have adopted policy measures to support adoption of electric vehicles integrated with
lithium-ion batteries. These measures include provision of incentives, tax rebates, subsidies, etc., which help in the reduction of
total cost of ownership of electric vehicles in their entire lifecycle. Backed by anticipated rise in sales of electric vehicles, the global
lithium-ion battery market is expected to register healthy growth rate over the next five years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting firm.
15. R e p o r t O r d e r i n g
To View Sample OR Purchase Report
Report Price
Report Name: Global Lithium-ion Battery Market By Type, By End User, By Region,
Competition Forecast and Opportunities, 2011 – 2021
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Electronic Access - Single User License $4000
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Hard Copy Mail Delivery $5000
Electronic Access - Multi-User License $8000
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