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Market Research Report

Asia Pacific Lithium Ion Battery Market Research Report, Trends, Growth Analysis, Opportunity Assessment And Forecast 2016-2024

Published On : 2018-01-30 Report Page : 260 Category: Energy Resources

Asia Pacific Lithium Ion (Li-ion) Battery Market

Market Overview

Lithium ion battery technology is widely embraced and adopted for portable electronics, power tools and hybrid/electric vehicles across the globe.  In recent years, electric vehicles industry has witnessed significant growth in its sales volume owing to government initiative to replace the majority of IC engine powered vehicles and boosted the demand for lithium ion batteries. Moreover, the high energy efficiency and power density of LI-ion batteries allowed their use in various electric grid applications and to improve quality of energy harvested from wind, solar and other renewable sources, thus contributing in building energy-sustainable environment which is one of the key factors driving the growth of Asia Pacific lithium ion battery.

Goldstein Research analyst forecast the Asia Pacific lithium ion battery market to grow at a CAGR of 12.1% during the period 2016-2024. Further, the Asia Pacific lithium ion battery market is predicted to reach USD 22.3 billion by the end of forecast period owing to huge consumer electronics and electric vehicles market in the region.

Covered in this Asia Pacific lithium ion battery market report

The report covers the present ground scenario and the future growth prospects of the Asia Pacific lithium ion battery market for 2016-2024 along with the total sales of lithium ion battery products in every region. We calculated the market size and revenue share on the basis of revenue generated from the sales of lithium ion battery to various end user industries across the region.

Asia Pacific Lithium Ion Battery Market Segmentation

By Power Rating

  • 5–25 Wh
  • 48–95 Wh
  • 18–28 KWh
  • 100–250 KWh
  • More than 300 KWh

 By End Users

  • Consumer Electronics
  • Automotive
  • Grid Energy & Industrial
  • Other ( Defense and Aerospace)

By Geography

  • China {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
  • India {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
  • Singapore {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
  • Australia {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
  • New Zealand {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
  • Thailand {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
  • Philippines {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
  • Indonesia {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }
  • Rest of APAC {Market Share (%), Market Size (USD Billion), Sales (Million Unit) }

On the basis of end users, consumer electronics industry accounted for the highest revenue share of 52% in Asia Pacific lithium ion battery. Moreover, the consumer electronics segment is anticipated to dominate the market with a CAGR of 10.9% over the forecast period.

Asia Pacific Lithium Ion Battery Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia Pacific lithium ion battery market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Asia Pacific lithium ion battery market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our Asia Pacific lithium ion battery market report comprises of the following companies as the key players in the Asia Pacific lithium ion battery market: Panasonic Corporation, Hitachi Chemical Co. Ltd., BAK Group, Johnson Controls, Inc., Samsung SDI Co. Ltd., LG Chem Power Inc., Toshiba Corporation., A123 Systems LLC., Saft Groupe SA, GS Yuasa Corporation, Automotive Energy Supply Corporation (AESC), BYD Company Ltd., Valence Technology Inc.

According to our Asia Pacific lithium ion battery market study on the basis of extensive primary and secondary research, one of the major trend that driving the growth of lithium ion battery market is the government initiatives for faster adoption and deployment of electric vehicles. For instance, Indian government is looking to give a major push to use of EVs and the main challenge would be in reducing the cost of lithium-ion battery used in electric vehicles, to overcome the challenge the government is planning to take initiatives in order to set up large lithium-ion batteries manufacturing plants in India.

According to the report, major driver in Asia Pacific lithium ion battery market is growing adoption of lithium ion battery powered electric vehicles across the globe. Electric vehicles are highly attractive for their potential to reduce greenhouse gas emissions and shrink the dependence on oil. By 2020, more than one third of new vehicle sales will likely consist of hybrid-electric, plug-in hybrid, and all-electric models, which is likely to drive the growth of Li-ion battery market.

Further, the report states that one challenge in Asia Pacific lithium ion battery market is high cost of lithium ion batteries. The exponential growth of lithium ion technology for the latter applications will depend largely on the cost, safety, life cycle and power density, which are the major challenges to develop cost efficient and high power density Li-ion batteries. 

Geographically, China region dominated the Asia Pacific lithium ion battery market, with more than 48% revenue share in Asia Pacific market owing to huge consumer electronics and electric vehicles market in the country. China is expected to dominate the Lithium Ion Battery market over the forecast period followed by Japan and Korea due to large lithium ion battery production in these countries. India is showcasing huge growth opportunities for the market growth owing to government initiatives to rapid adopt of electric vehicles in coming years and huge market for consumer electronics.  

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Asia Pacific lithium ion battery market report

  • What is the total market size by 2024 and what would be the expected growth rate of sales?
  • What are the total sales in 2015-16 (Units) and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Asia Pacific Lithium Ion Battery Market Research Report, Trends, Growth Analysis, Opportunity Assessment And Forecast 2016-2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements