Global Flat Lithium-ion (Li-ion) Battery Market 2019-2023
- Published: May 2019
- Pages: 117
- SKU: IRTNTR31404
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The flat lithium-ion battery market size has the potential to grow by $10.47 billion during 2019-2023, and the market's growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. This report provides a detailed analysis of the market by application (consumer electronics and automotive) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including A123 Systems LLC, GS Yuasa International Ltd., Panasonic Corp., Samsung Electronics Co. Ltd., and Toshiba Corp.
Some of the key findings from our flat lithium-ion battery market forecast report are summarized below:
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global flat lithium-ion battery industry overview
The increase in the demand for smartphone is one of the major drivers contributing to the growth of the global flat Li-ion battery market size. The smartphone market has been witnessing significant growth over the past few years. The growth of the economy and increased internet penetration, particularly in China and India, are contributing to the high-volume sales of smartphones. The number of smartphone users in India is expected to double during the forecast period. Consumers are increasingly using smartphones to shop, pay bills, and remotely control devices at home and in cars. Additionally, smartphone manufacturers are consistently improving their product offerings by introducing better features to gain a competitive edge. Therefore, with the increased penetration of smartphones, the demand for flat lithium ion battery is expected to increase significantly during the forecast period.
The increase in recycling activities of Li-ion batteries is one of the significant global flat Li-ion battery market trends influencing growth. Flat lithium-ion batteries contain toxic and flammable components along with valuable metals such as lithium, cobalt, and nickel. The high material costs and the complex production processes make the manufacturing of flat lithium-ion batteries expensive. Owing to such factors, these batteries are recycled instead of being disposed of in landfills. The recycled materials from these batteries can be used to produce new lithium-ion batteries. This helps to bring about a significant reduction in production costs.
Moreover, some end-users are utilizing recycled Li-ion batteries in their products. For instance, Audi AG has installed recycled Li-ion batteries on factory vehicles at its primary plant in Ingolstadt, Germany. As a result of these factors, the global flat Li-ion battery market size is expected to grow at a CAGR of almost 11% during 2019-2023.
Top flat lithium-ion battery companies covered in this market research report
The global flat lithium-ion battery market is fairly fragmented. This research report provides a detailed analysis of the market’s competitive landscape and provides information on the products offered by various companies. Key insights provided by this flat lithium-ion battery market report will help companies create effective strategies to improve their revenue share.
The report offers a detailed analysis of several leading companies, including:
- A123 Systems LLC
- GS Yuasa International Ltd.
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Toshiba Corp.
Flat lithium-ion battery market segmentation based on application
- Consumer electronics
Flat lithium-ion batteries find many applications in consumer electronics. The growing trend of the connected home is increasing the demand for various consumer electronics such as smart appliances, smart TVs, and others. Moreover, the high replacement cycle of consumer electronics due to the consistent launch of technologically advanced products is contributing to the growth of this segment.
Flat lithium-ion battery market segmentation based on geography
- North America
- South America
APAC offers many growth opportunities for flat lithium-ion battery companies. The Australian government recently launched the Austrade’s new Lithium-Ion Battery Value Chain: New Economy Opportunities of Australia strategy. It was aimed at increasing the production of Li-ion batteries in Australia. Moreover, the increasing demand for smartphones and tablets in countries such as India, China, Japan, South Korea, and Thailand is driving the growth of flat Li-ion battery market in APAC.
Key highlights of the global flat lithium-ion battery market for the forecast period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the flat lithium-ion battery market size during the next five years
- Precise estimation of the global flat lithium-ion battery market share, 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 battery industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of flat lithium-ion battery companies
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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