Asia-Pacific, Europe, South America, and Middle East and Africa lithium ion battery market is expected to reach USD 60.04 billion by 2031 from USD 26.30 billion in 2023 growing with a CAGR of 20.8% in the forecast period of 2024 to 2031.
Market Segmentation
Asia-Pacific, Europe, South America, and Middle East and Africa lithium ion battery market, By Type (Lithium Nickel Manganese Cobalt Oxide (Li-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide, Lithium Nickel Cobalt Aluminium Oxide (NCA), Lithium Manganese Oxide, and Lithium Titanate), Component (Cathode, Anode, Electrolyte, and Separator), Product (Cells, Storage System (ESS), Module, and Pack), Charge (Rechargeable and Non-Rechargeable), End Use (Automotive, Consumer, Electronics, Power, Industrial, Construction, Telecom, Medical, Aerospace & Defense, and Marine) Country (China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Bangladesh, Myanmar, Rest of Asia Pacific, Germany, U.K., France, Italy, Russia, Spain, Turkey, Belgium, Hungary, Serbia, Rest of Europe, Brazil, Argentina, Chile, Bolivia, Rest of South America, Saudi Arabia, U.A.E, Israel, South Africa, Egypt, Nigeria, Morocco, Ethiopia, Kenya, Ghana, Namibia, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2031
Overview of Asia-Pacific, Europe, South America, and Middle East and Africa lithium ion battery market Dynamics
Drivers
Increasing demand for smartphones and consumer electronics
Growing adoption of cordless power tools
Restraints
Safety issues related to storage, usage, and transportation of lithium ion batteries
Availability of alternative solutions
Opportunities
Increase in demand for electric vehicles
Growing number of R&D initiatives and manufacturing facilities
Market Players
Some of the major market player operating in the Asia-Pacific, Europe, South America, and Middle East and Africa lithium ion battery market are:
- Contemporary Amperex Technology Co.
- Limited, LG Chem.
- SAMSUNG SDI CO.,LTD.
- BYD Motors Inc.
- Saft
- Panasonic Industry Co., Ltd.
- CALB
- VARTA AG.
- CBAK Energy Technology, Inc.
- TOSHIBA CORPORATION
- GlobTek, Inc.
- Wanxiang A123 Systems Corp.
- XALT Energy
- LITHIUMWERKS
- Leclanche SA
- Amperex Technology Limited.
- Shenzhen A&S Power Technology Co., Ltd.
- Tianjin Lishen Battery Co., Ltd.
- Shenzhen BAK Technology Co., Ltd
TABLE OF CONTENTS
1 INTRODUCTION 37
- 1.1 OBJECTIVES OF THE STUDY 37
- 1.2 MARKET DEFINITION 37
- 1.3 OVERVIEW OF ASIA-PACIFIC, EUROPE, SOUTH AMERICA, AND MIDDLE EAST AND AFRICA LITHIUM ION BATTERY MARKET 37
- 1.4 LIMITATIONS 39
- 1.5 MARKETS COVERED 39
2 MARKET SEGMENTATION 42
- 2.1 MARKETS COVERED 42
- 2.2 GEOGRAPHICAL SCOPE 43
- 2.3 YEARS CONSIDERED FOR THE STUDY 44
- 2.4 CURRENCY AND PRICING 44
- 2.5 DBMR TRIPOD DATA VALIDATION MODEL 45
- 2.6 MULTIVARIATE MODELLING 48
- 2.7 TIMELINE CURVE 49
- 2.8 MARKET END-USER COVERAGE GRID 50
- 2.9 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 51
- 2.10 DBMR MARKET POSITION GRID 52
- 2.11 SECONDARY SOURCES 54
- 2.12 ASSUMPTIONS 54
3 EXECUTIVE SUMMARY 55
4 PREMIUM INSIGHTS 57
- 4.1 PRICING ANALYSIS 58
- 4.2 VALUE CHAIN FOR GLOBAL LITHIUM ION BATTERY MARKET 59
- 4.3 PORTER'S FIVE FORCES 61
- 4.4 PESTEL ANALYSIS 62
- 4.5 OVERVIEW OF THE CATHODE MATERIALS MARKET FOR LITHIUM BATTERY BUSINESS 63
- 4.6 OVERVIEW OF THE FLAME RETARDANTS MARKET FOR THE LITHIUM BATTERY BUSINESS 64
- 4.7 GIGAFACTORIES 66
- 4.7.1 GIGAFACTORIES IN THE ASIA-PACIFIC COUNTRIES UPTO 2030 66
- 4.7.2 GIGAFACTORIES IN THE EUROPEAN COUNTRIES TO 2030 74
- 4.7.3 GIGAFACTORIES IN THE SOUTH AMERICAN COUNTRIES UPTO 2030 82
- 4.7.4 GIGAFACTORIES IN THE MIDDLE EAST AND AFRICA COUNTRIES TO 2030 83
- 4.8 KEY BUYERS 85
- 4.9 VENDOR SELECTION CRITERIA 89
- 4.10 RAW MATERIAL OUTLOOK 91
- 4.11 TECHNOLOGICAL TRENDS 92
- 4.12 REGULATORY FRAMEWORK 95
5 SUPPLY CHAIN ANALYSIS 101
- 5.1.1 OVERVIEW 101
- 5.1.2 LOGISTIC COST SCENARIO 101
- 5.1.3 IMPORTANCE OF LOGISTIC SERVICE PROVIDERS 102
6 MARKET OVERVIEW 103
- 6.1 DRIVERS 105
- 6.1.1 INCREASING DEMAND FOR SMARTPHONES AND CONSUMER ELECTRONICS 105
- 6.1.2 GROWING ADOPTION OF CORDLESS POWER TOOLS 106
- 6.1.3 GROWING DEMAND FOR SMART DEVICES AND WEARABLE 107
- 6.1.4 INCREASING NUMBER OF AUTOMOTIVE VEHICLES 108
- 6.2 RESTRAINTS 109
- 6.2.1 SAFETY ISSUES RELATED TO STORAGE, USAGE, AND TRANSPORTATION OF LITHIUM ION BATTERIES 109
- 6.2.2 AVAILABILITY OF ALTERNATIVE SOLUTIONS 109
- 6.3 OPPORTUNITIES 111
- 6.3.1 INCREASE IN DEMAND FOR ELECTRIC VEHICLES 111
- 6.3.2 GROWING NUMBER OF R&D INITIATIVES AND MANUFACTURING FACILITIES 112
- 6.3.3 INCREASING USE OF LITHIUM ION BATTERIES IN DEFENSE AND AEROSPACE 113
- 6.4 CHALLENGES 114
- 6.4.1 OVERHEATING OF LITHIUM-ION BATTERIES 114
- 6.4.2 AGING AND DEGRADATION OF LITHIUM ION BATTERIES 114
7 ASIA-PACIFIC, EUROPE, SOUTH AMERICA, MIDDLE EAST AND AFRICA LITHIUM ION BATTERY MARKET, BY TYPE 116
- 7.1 OVERVIEW 117
- 7.2 LITHIUM NICKEL MANGANESE COBALT OXIDE (LI-NMC) 118
- 7.3 LITHIUM IRON PHOSPHATE (LFP) 118
- 7.4 LITHIUM COBALT OXIDE 118
- 7.5 LITHIUM NICKEL COBALT ALUMINIUM OXIDE (NCA) 118
- 7.6 LITHIUM MANGANESE OXIDE 118
- 7.7 LITHIUM TITANATE 119
8 ASIA-PACIFIC, EUROPE, SOUTH AMERICA, MIDDLE EAST AND AFRICA LITHIUM ION BATTERY MARKET, BY COMPONENT 120
- 8.1 OVERVIEW 121
- 8.2 CATHODE 122
- 8.3 ANODE 122
- 8.4 ELECTROLYTE 122
- 8.5 SEPARATOR 122
- 8.6 OTHERS 122
9 ASIA-PACIFIC, EUROPE, SOUTH AMERICA, MIDDLE EAST AND AFRICA LITHIUM ION BATTERY MARKET, BY PRODUCT 123
- 9.1 OVERVIEW 124
- 9.2 CELLS 125
- 9.2.1 TYPE 125
- 9.2.1.1 PRISMATIC 125
- 9.2.1.2 CYLINDRICAL 125
- 9.2.1.3 POUCH 126
- 9.2.1.4 BUTTON 126
- 9.3 STORAGE SYSTEM (ESS) 126
- 9.4 MODULE 126
- 9.5 PACK 126
10 ASIA-PACIFIC, EUROPE, SOUTH AMERICA, MIDDLE EAST AND AFRICA LITHIUM ION BATTERY MARKET, BY CHARGE 127
- 10.1 OVERVIEW 128
- 10.2 RECHARGEABLE 129
- 10.3 NON-RECHARGEABLE 129
11 ASIA-PACIFIC, EUROPE, SOUTH AMERICA, MIDDLE EAST AND AFRICA LITHIUM ION BATTERY MARKET, BY END USE 130
- 11.1 OVERVIEW 131
- 11.2 AUTOMOTIVE 132
- 11.2.1 POWER TYPE 132
- 11.2.1.1 BATTERY ELECTRIC VEHICLES (BEV) 132
- 11.2.1.2 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 133
- 11.2.1.3 HYBRID ELECTRIC VEHICLES (HEV) 133
- 11.2.2 VEHICLE TYPE 133
- 11.2.2.1 PASSENGER CARS 133
- 11.2.2.2 E-BIKES/ E-SCOOTER/MOPEDS 133
- 11.2.2.3 LIGHT COMMERCIAL VEHICLES 133
- 11.2.2.4 HEAVY COMMERCIAL VEHICLES 134
- 11.2.2.5 3-WHEELED ELECTRIC SCOOTER 134
- 11.2.2.6 OTHERS 134
- 11.3 CONSUMER ELECTRONICS 134
- 11.3.1 TYPE 134
- 11.3.1.1 SMARTPHONES 134
- 11.3.1.2 LAPTOPS & TABLETS 135
- 11.3.1.3 UPS 135
- 11.3.1.4 ELECTRONIC CAMERAS 135
- 11.3.1.5 OTHERS 135
- 11.4 POWER 135
- 11.5 INDUSTRIAL 135
- 11.5.1 END USE 136
- 11.5.1.1 CRANES & FORKLIFT 136
- 11.5.1.2 SMART GRID & RENEWABLE ENERGY STORAGE 136
- 11.5.1.3 MINING EQUIPMENT 136
- 11.6 CONSTRUCTION 136
- 11.7 TELECOM 136
- 11.8 MEDICAL 136
- 11.9 AEROSPACE AND DEFENSE 137
- 11.10 MARINE 137
- 11.11 OTHERS 137
12 ASIA-PACIFIC, EUROPE, SOUTH AMERICA, MIDDLE EAST AND AFRICA LITHIUM ION BATTERY MARKET, BY REGION 138
- 12.1 OVERVIEW 139
- 12.2 ASIA-PACIFIC 142
- 12.2.1 CHINA 149
- 12.2.2 JAPAN 154
- 12.2.3 SOUTH KOREA 159
- 12.2.4 INDIA 164
- 12.2.5 AUSTRALIA 169
- 12.2.6 SINGAPORE 174
- 12.2.7 THAILAND 179
- 12.2.8 MALAYSIA 184
- 12.2.9 INDONESIA 189
- 12.2.10 PHILIPPINES 194
- 12.2.11 VIETNAM 200
- 12.2.12 BANGLADESH 205
- 12.2.13 MYANMAR 210
- 12.2.14 REST OF ASIA-PACIFIC 215
- 12.3 EUROPE 216
- 12.3.1 GERMANY 221
- 12.3.2 U.K. 225
- 12.3.3 FRANCE 229
- 12.3.4 ITALY 233
- 12.3.5 RUSSIA 237
- 12.3.6 SPAIN 241
- 12.3.7 TURKEY 245
- 12.3.8 BELGIUM 249
- 12.3.9 HUNGARY 253
- 12.3.10 SERBIA 257
- 12.3.11 REST OF EUROPE 261
- 12.4 MIDDLE EAST AND AFRICA 262
- 12.4.1 SAUDI ARABIA 268
- 12.4.2 U.A.E. 272
- 12.4.3 ISRAEL 276
- 12.4.4 SOUTH AFRICA 280
- 12.4.5 EGYPT 284
- 12.4.6 NIGERIA 288
- 12.4.7 MOROCCO 292
- 12.4.8 ETHIOPIA 296
- 12.4.9 KENYA 300
- 12.4.10 GHANA 304
- 12.4.11 NAMIBIA 308
- 12.4.12 REST OF MIDDLE EAST AND AFRICA 312
- 12.5 SOUTH AMERICA 313
- 12.5.1 BRAZIL 318
- 12.5.2 ARGENTINA 322
- 12.5.3 CHILE 326
- 12.5.4 BOLIVIA 330
- 12.5.5 REST OF SOUTH AMERICA 334
13 COMPANY SHARE ANALYSIS: ASIA-PACIFIC, EUROPE, SOUTH AMERICA, MIDDLE EAST, AND AFRICA 335
- 13.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 336
- 13.2 COMPANY SHARE ANALYSIS: EUROPE 337
- 13.3 COMPANY SHARE ANALYSIS: SOUTH AMERICA 338
- 13.4 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA 339
14 SWOT ANALYSIS 340
15 COMPANY PROFILE 341
- 15.1 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 341
- 15.1.1 COMPANY SNAPSHOT 341
- 15.1.2 REVENUE ANALYSIS 342
- 15.1.3 PRODUCT PORTFOLIO 342
- 15.1.4 RECENT DEVELOPMENTS 343
- 15.2 LG CHEM. 345
- 15.2.1 COMPANY SNAPSHOT 345
- 15.2.2 REVENUE ANALYSIS 345
- 15.2.3 PRODUCT PORTFOLIO 346
- 15.2.4 RECENT DEVELOPMENTS 347
- 15.3 BYD MOTORS INC. 348
- 15.3.1 COMPANY SNAPSHOT 348
- 15.3.2 REVENUE ANALYSIS 348
- 15.3.3 PRODUCT PORTFOLIO 349
- 15.3.4 RECENT DEVELOPMENTS 349
- 15.4 PANASONIC INDUSTRY CO., LTD. 351
- 15.4.1 COMPANY SNAPSHOT 351
- 15.4.2 REVENUE ANALYSIS 351
- 15.4.3 PRODUCT PORTFOLIO 352
- 15.4.4 RECENT DEVELOPMENTS 353
- 15.5 SAMSUNG SDI CO., LTD. 354
- 15.5.1 COMPANY SNAPSHOT 354
- 15.5.2 REVENUE ANALYSIS 354
- 15.5.3 PRODUCT PORTFOLIO 355
- 15.5.4 RECENT DEVELOPMENTS 358
- 15.6 AMPEREX TECHNOLOGY LIMITED (A SUBSIDIARY OF TDK CORPORATION) 359
- 15.6.1 COMPANY SNAPSHOT 359
- 15.6.2 REVENUE ANALYSIS 359
- 15.6.3 PRODUCT PORTFOLIO 360
- 15.6.4 RECENT DEVELOPMENTS 361
- 15.7 CALB 362
- 15.7.1 COMPANY SNAPSHOT 362
- 15.7.2 REVENUE ANALYSIS 362
- 15.7.3 PRODUCT PORTFOLIO 363
- 15.7.4 RECENT DEVELOPMENTS 365
- 15.8 CBAK ENERGY TECHNOLOGY, INC. 366
- 15.8.1 COMPANY SNAPSHOT 366
- 15.8.2 REVENUE ANALYSIS 366
- 15.8.3 PRODUCT PORTFOLIO 367
- 15.8.4 RECENT DEVELOPMENTS 369
- 15.9 GLOBTEK, INC. 370
- 15.9.1 COMPANY SNAPSHOT 370
- 15.9.2 PRODUCT PORTFOLIO 370
- 15.9.3 RECENT DEVELOPMENTS 371
- 15.10 LECLANCHE SA 372
- 15.10.1 COMPANY SNAPSHOT 372
- 15.10.2 REVENUE ANALYSIS 372
- 15.10.3 PRODUCT PORTFOLIO 373
- 15.10.4 RECENT DEVELOPMENTS 373
- 15.11 LITHIUM ENERGY JAPAN 375
- 15.11.1 COMPANY SNAPSHOT 375
- 15.11.2 PRODUCT PORTFOLIO 375
- 15.11.3 RECENT DEVELOPMENTS 376
- 15.12 LITHIUMWERKS 377
- 15.12.1 COMPANY SNAPSHOT 377
- 15.12.2 PRODUCT PORTFOLIO 377
- 15.12.3 RECENT DEVELOPMENT 378
- 15.13 SAFT (A SUBSIDIARY OF TOTAL) 379
- 15.13.1 COMPANY SNAPSHOT 379
- 15.13.2 PRODUCT PORTFOLIO 379
- 15.13.3 RECENT DEVELOPMENTS 380
- 15.14 SHENZHEN A&S POWER TECHNOLOGY CO., LTD. 381
- 15.14.1 COMPANY SNAPSHOT 381
- 15.14.2 PRODUCT PORTFOLIO 381
- 15.14.3 RECENT DEVELOPMENTS 382
- 15.15 SHENZHEN BAK TECHNOLOGY CO., LTD. 383
- 15.15.1 COMPANY SNAPSHOT 383
- 15.15.2 PRODUCT PORTFOLIO 383
- 15.15.3 RECENT DEVELOPMENT 384
- 15.16 TIANJIN LISHEN BATTERY CO., LTD. 385
- 15.16.1 COMPANY SNAPSHOT 385
- 15.16.2 PRODUCT PORTFOLIO 385
- 15.16.3 RECENT DEVELOPMENTS 388
- 15.17 TOSHIBA CORPORATION 389
- 15.17.1 COMPANY SNAPSHOT 389
- 15.17.2 REVENUE ANALYSIS 389
- 15.17.3 PRODUCT PORTFOLIO 390
- 15.17.4 RECENT DEVELOPMENTS 391
- 15.18 VARTA AG. 392
- 15.18.1 COMPANY SNAPSHOT 392
- 15.18.2 REVENUE ANALYSIS 392
- 15.18.3 PRODUCT PORTFOLIO 393
- 15.18.4 RECENT DEVELOPMENTS 394
- 15.19 WANXIANG A123 SYSTEMS CORP. 396
- 15.19.1 COMPANY SNAPSHOT 396
- 15.19.2 PRODUCT PORTFOLIO 396
- 15.19.3 RECENT DEVELOPMENT 397
- 15.20 XALT ENERGY 398
- 15.20.1 COMPANY SNAPSHOT 398
- 15.20.2 PRODUCT PORTFOLIO 398
- 15.20.3 RECENT DEVELOPMENTS 399
16 QUESTIONNAIRE 401
17 RELATED REPORTS 404