Global Rechargeable Poly Lithium-Ion Battery Market By Structure (Prismatic and Cylindrical), By Application (Industrial, Electric Vehicles, Power, Consumer Electronics, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032
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- 1 Rechargeable Poly Lithium-ion Battery Market Overview:
- 2 Global Rechargeable Poly Lithium-Ion Battery Market Analysis:
- 3 Key Market Segments:
- 4 Market Dynamics:
- 5 Regional Analysis:
- 6 Key Regions and Countries covered іn thе rероrt:
- 7 Market Share & Key Players Analysis:
- 8 Маrkеt Кеу Рlауеrѕ:
Rechargeable Poly Lithium-ion Battery Market Overview:
The global valuation of the rechargeable poly lithium-ion battery market in 2021 was USD 133,410 million. It is forecast to grow at a 6.45% CAGR, from 2022-2032.
This market is primarily driven by the growing demand for lightweight, high-energy-density lithium-ion batteries. Over the forecast period, market growth will be supported by a rise in demand for electric vehicles (EVs) and a simultaneous drop in lithium-ion battery costs. A rise in electric vehicle sales and a shift in client preference are expected to boost the global market.
Global Rechargeable Poly Lithium-Ion Battery Market Analysis:
The market was led by the cylindrical battery which held 60% in 2021. This product is used primarily in consumer electronics, and electric vehicles. This segment is also driven by the growing demand for consumer electronics devices. High production has been possible due to the rising interest in consumer electronic gadgets like laptops. Market growth has been boosted by the changing form factors. Market outlook will be supported by growth in disposable income and expansion in emerging Asia Pacific countries.
The flat rectangle-shaped prismatic battery, also known as the term “flat rectangle” battery, will grow at a 7% CAGR between 2023-2032. The prismatic design is space-saving and protects a higher-energy lithium polymer, which is used to make ultra-thin notebooks and tablets.
The market was dominated in 2021, by electric vehicles. The demand for eco-friendly and efficient products has led to electric vehicles powered by rechargeable lithium-ion battery technology gaining popularity. This segment is expected to grow due to increasing customer preference for these kinds of batteries as well as growing sales of lithium-ion battery automobiles.
The forecast period will see moderate growth in the consumer electronics sector. This is due to the reliability and durability of batteries used in electronic devices such as laptops and smartphones. The segment’s growth is expected to be accelerated by the expanding electronics industry in several countries such as Japan, China, South Korea, and Taiwan over the forecast period.
Key Market Segments:
- Electric Vehicles
- Consumer Electronics
- Other Applications
A growing focus on electric vehicles (EVs) has resulted in the development of energy-efficient and environmentally-friendly products. HEVs (hybrid electric vehicles) are required to use a battery in conjunction with a combustion engine. This has seen a rise in demand. The battery in EVs is easily charged via the electric grid, or at a designated public charger station. HEVs are powered by both electric and fossil fuels. This means that the battery can be used to capture energy lost when the motor is being used to brake.
These batteries can be found in consumer electronic goods such as laptops and hybrid electric vehicles (HEVs), EVs, and digital cameras. The compact size of these batteries and their effectiveness has resulted in a greater demand for them and increased market penetration. Lithium metallic is integrally inelastic at charging. Therefore, the focus of research has moved from metallic to nonmetallic lithium ions. The energy efficiency of non-metallic Lithium-ions is twice that of cadmium-nickel batteries.
Batteries with high energy density have excellent low temperature and load characteristics, which made them a very important source of power in video and audio equipment as well as mobile phones and other portable devices.
The Asia Pacific had a 34.7% revenue share in 2021, which was the highest ever. It is expected to keep its lead in the future. This is due to customers’ high awareness of the need for a sustainable environment. Customers in this area can afford the product because they have high disposable incomes.
Industry growth is expected to be boosted by increasing demand for tablets/mobiles in several countries. The market will see a lot of growth opportunities due to increased production capacity for lithium-ion batteries in China, as well as increasing subsidies from the government for electric vehicles.
North America is expected to experience significant growth during the forecast period, due to increased sales of electric vehicles across countries like Mexico and the U.S. Consumer electronics market. Due to the increased efficiency of the product and the extended battery life, the market is expected to grow. North America and Europe are both important regional markets because of their high awareness of the need for efficient batteries.
Key Regions and Countries covered іn thе rероrt:
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- South Africa
- Rest of MEA
The market is fairly well-consolidated. The market is well-consolidated. Key players are adopting various growth strategies to improve their position. Toshiba Corporation has announced that Nissan Motor Co. selected the SCiB rechargeable lithium-ion battery to power its latest ROOX highway Star, and ROOX vehicles in 2020. Marelli Corporation supplied the battery to Nissan Corporation. Toshiba Corporation announced in 2018 its 16.2 billion-yen investment in Japan’s second manufacturing plant for supercharged ion batteries (SCiB), rechargeable lithium-ion batteries. The company hopes to meet the increasing demand for these batteries in electric vehicles.
Маrkеt Кеу Рlауеrѕ:
- Sony Group Corp.
- FUJIFILM Holdings Corporation
- Olympus Corp.
- Koninklijke Philips N.V.
- The 3M Company
- Other Key Players
For the Rechargeable Poly Lithium-Ion Battery Market research study, the following years have been considered to estimate the market size:
Attribute Report Details
Short Term Projection Year
Long Term Projection Year
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
North America, Europe, Asia-Pacific, South America, Middle East & Africa
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)
Q: What is the size of the Rechargeable Poly Lithium-Ion Battery market in 2021?
The Rechargeable Poly Lithium-Ion Battery market size is US$ 133,410 million in 2021.
Q: What is the projected CAGR at which the Rechargeable Poly Lithium-Ion Battery market is expected to grow at?
The Rechargeable Poly Lithium-Ion Battery market is expected to grow at a CAGR of 6.45% (2023-2032).
Q: List the segments encompassed in this report on the Rechargeable Poly Lithium-Ion Battery market?
Market.US has segmented the Rechargeable Poly Lithium-Ion Battery market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Structure, the market has been segmented into Prismatic and Cylindrical. By Application, the market has been further divided into Industrial, Electric Vehicles, Power, Consumer Electronics, and Other Applications.
Q: List the key industry players of the Rechargeable Poly Lithium-Ion Battery market?
Sony Group Corp., FUJIFILM Holdings Corp., Nikon, Motorola, Olympus Corp., Koninklijke Philips N.V., The 3M Company, Kodak, and Other Key Players are engaged in the Rechargeable Poly Lithium-Ion Battery market.
Q: Which region is more appealing for vendors employed in the Rechargeable Poly Lithium-Ion Battery market?
APAC is expected to account for the highest revenue share of 34.7%. Therefore, the Rechargeable Poly Lithium-Ion Battery industry in APAC is expected to garner significant business opportunities over the forecast period.
Q: Name the key areas of business for Rechargeable Poly Lithium-Ion Battery?
The US, Canada, UK, Japan, Mexico, India, China & Germany are key areas of operation for the Rechargeable Poly Lithium-Ion Battery Market.
Q: Which segment accounts for the greatest market share in the Rechargeable Poly Lithium-Ion Battery industry?
With respect to the Rechargeable Poly Lithium-Ion Battery industry, vendors can expect to leverage greater prospective business opportunities through the cylindrical battery segment, as this area of interest accounts for the largest market share.
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