The flat lithium-ion (Li-ion) battery market share is expected to increase by USD 15.44 billion from 2021 to 2026, at a accelerating CAGR of 11.44%.

The flat lithium-ion (Li-ion) battery market has been broadly categorized into the following demographic segmentations: 

• Application - Consumer electronics and automotive
• Geography - APAC, North America, Europe, Middle East and Africa, and South America

The flat lithium-ion (Li-ion) battery market report offers information on several market vendors, including A123 Systems LLC, Bharat Power Solutions, Clarios, Electrovaya Inc., EV MICRONIX ENERGY PVT LTD., GS Yuasa Corp., Hitachi Ltd., HP Inc., Koninklijke Philips NV, LG Electronics Inc., LiPol Battery Co. Ltd., Montu electronic LLP, Panasonic Corp., Renata SA, RRC power solutions GmbH, Samsung Electronics Co. Ltd., Telemax India Industries Pvt. Ltd., Toshiba Corp., TotalEnergies SE, and WAAREE ESS among others.

One of the key highlights of the flat lithium-ion (Li-ion) battery market research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

What will the Flat Lithium-Ion (Li-ion) Battery Market Size be During the Forecast Period?

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Flat Lithium-Ion (Li-ion) Battery Market: Key Drivers, Trends, and Challenges

The increase in demand for smartphones is notably driving the flat lithium-ion (Li-ion) battery market growth, although factors such as the availability of substitute products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flat lithium-ion (Li-ion) battery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Flat Lithium-Ion (Li-ion) Battery Market Driver

• The increase in demand for smartphones is one of the key drivers contributing to the flat lithium-ion (Li-ion) battery market growth.
• China and India are the largest countries in the smartphone industry in APAC and are registering rapid growth. For instance, the number of smartphone users in India is expected to double during 2020-2025.
• Smartphones enable consumers all over the world to not only communicate effectively but also shop, pay bills, and remotely control devices in homes and cars.
• Due to the rise in demand for smartphones, many vendors are focusing on the introduction of new products.
• For instance, in December 2021, Xiaomi Corp. announced Xiaomi 12 Pro 5G, the company's new smartphone that comes with Qualcomm Snapdragon 8 generation 1 processor and a triple camera. Such a new introduction of smartphones will drive the flat lithium-ion (Li-ion) battery market growth during the forecast period.

Key Flat Lithium-Ion Battery Market Trend

• An increase in the recycling of Li-ion batteries is one of the key flat lithium-ion battery market trends supporting the market growth.
• Li-ion batteries are expensive to manufacture due to the high material cost and the complex production processes, which increases the need for recycling these batteries.
• The recycling process of Li-ion batteries consists of a recovery process involving a chemical precipitation methodology that allows the minerals to be recovered and delivered to battery manufacturers for reuse in the production of new batteries.
• Significantly, the recycled materials from Li-ion batteries can be reused in new batteries, reducing the production cost by around one-fourth. Such initiatives will propel the flat lithium-ion battery market growth during the forecast period.

Key Flat Lithium-Ion (Li-ion) Battery Market Challenge

• The availability of substitute products is one of the challenges hampering the flat lithium-ion (Li-ion) battery market growth.
• Some of the substitutes for flat Li-ion batteries include lead-acid batteries, nickel-cadmium batteries, and sodium-ion batteries.
• Lead-acid batteries are considered less expensive than Li-ion batteries and are widely used in applications such as wheelchairs, hospital equipment, and others. They are preferred in these applications as the self-discharge rate of lead-acid batteries is low when compared with other types of batteries.
• Nickel-cadmium batteries are rechargeable batteries that use nickel oxide hydroxide and metallic cadmium as electrodes. They are mostly used in applications such as biomedical equipment, two-way radios, professional video cameras, and power tools, where long life and high discharge rate are important.
• Lithium is considered to be expensive and due to this manufacturers are shifting to new technologies. This has resulted in a rise in demand for sodium-ion batteries as sodium is less expensive and abundantly available when compared with lithium. Such a shift by manufacturers to new technologies will hinder the flat lithium-ion (Li-ion) battery market growth during the forecast period.

This flat lithium-ion (Li-ion) battery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global flat Lithium-ion (Li-ion) battery market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the flat lithium-ion (Li-ion) battery market during the forecast period.

Who are the Major Flat Lithium-Ion (Li-ion) Battery Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• A123 Systems LLC
• Bharat Power Solutions
• Clarios
• Electrovaya Inc.
• EV MICRONIX ENERGY PVT LTD.
• GS Yuasa Corp.
• Hitachi Ltd.
• HP Inc.
• Koninklijke Philips NV
• LG Electronics Inc.
• LiPol Battery Co. Ltd.
• Montu electronic LLP
• Panasonic Corp.
• Renata SA
• RRC power solutions GmbH
• Samsung Electronics Co. Ltd.
• Telemax India Industries Pvt. Ltd.
• Toshiba Corp.
• TotalEnergies SE
• WAAREE ESS

This statistical study of the flat lithium-ion (Li-ion) battery market encompasses successful business strategies deployed by the key vendors. The flat lithium-ion (Li-ion) battery market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• A123 Systems LLC - Under the systems segment, the company offers battery systems such as 12V Starter Battery and 48V Battery. 
• A123 Systems LLC - The company offer Lithium-ion 12 volt starter battery which delivers outstanding cold cranking power, high charge acceptance and impressive weight reduction over conventional lead acid solutions. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The flat lithium-ion (Li-ion) battery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Flat Lithium-Ion (Li-ion) Battery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the flat lithium-ion (Li-ion) battery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Flat Lithium-Ion (Li-ion) Battery Market?

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43% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for the flat lithium-ion (Li-ion) battery market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for smartphones and tablets will facilitate the flat lithium-ion (Li-ion) battery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The flat Li-ion battery market in APAC has been witnessing certain challenges since early 2020, owing to the COVID-19 outbreak.  However, the initiation of large-scale COVID-19 vaccination drives conducted in many countries has led to the lifting of travel restrictions and the resumption of operations in the manufacturing sector. This has increased the demand for Li-ion batteries in the region. Thus, such factors are expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Flat Lithium-ion (Li-ion) Battery Market?

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The flat lithium-ion (Li-ion) battery market share growth by the consumer electronics segment will be significant during the forecast period. Flat Li-ion batteries are used in various types of consumer electronics, including smartphones, tablets, and others. The growing use of electronic devices is driving the growth of the consumer electronics segment in the global flat Li-ion battery market. Moreover, the rising internet penetration, along with the increasing awareness among consumers about the emergence of novel technologies, is also fueling the growth of the consumer electronics segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the flat lithium-ion (Li-ion) battery market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Flat Lithium-Ion (Li-ion) Battery Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive flat lithium-ion (Li-ion) battery market growth during the next five years
• Precise estimation of the flat lithium-ion (Li-ion) battery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the flat lithium-ion (Li-ion) battery industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of flat lithium-ion (Li-ion) battery market vendors

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