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Global Lithium-ion Battery Market by Application and Geography - Forecast to 2023 - ResearchAndMarkets.com

September 7, 2018

DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The “Global Lithium-ion Battery Market - Segmented by Application and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The requirement for energy storage solutions is increasing as many governments are taking policy-level initiatives, to promote renewable power generation and electric vehicles adoption.Furthermore, due to the increasing competition in lithium-ion battery market and growing demand for the same, significant manufacturers have been investing heavily in R&D activities to achieve better performance and lower production costs of lithium-ion batteries.Also, in the next few years, many low-cost battery production facilities are expected to come online in China, which is expected to further bring down the lithium-ion battery prices. By 2023, prices are expected to hover around USD 140 per kWh from the current USD 209 per kWh.Major HighlightsDemand from the Automotive Sector - Driving the MarketAsia-Pacific - The Region with the Highest Market ShareChina - Among the Leading Countries in the Lithium-Ion Batteries Market

Key Developments in the Market

Mahindra and LG Chem announced a partnership to jointly develop a new, advanced Li-ion battery technology, which is to be used in Mahindra’s range of electric vehicles. As part of this agreement, LG Chem is likely to develop lithium-ion cells based on NMC (Nickel-Manganese-Cobalt) chemistry, which has high-energy density.Panasonic Corporation, a leading supplier of electric-car batteries, collaborated with Toyota Motor Corp., which makes batteries for electric vehicles (EV), for the development of lithium-ion prismatic cells. This agreement is intended to address the increasing demand and expectations for electric vehicles.Companies FeaturedBYD Company Ltd.Contemporary Amperex Technology Co. Ltd.LG Chem Ltd.Panasonic CorporationSamsung SDISony CorporationTesla Inc.Tianjin Lishen Battery Joint-Stock Co. Ltd.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter’s Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/34hjpd/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005177/en/

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Related Topics:Battery Technology

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/07/2018 07:39 AM/DISC: 09/07/2018 07:39 AM

http://www.businesswire.com/news/home/20180907005177/en

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