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The laminate lithium-ion battery market size is forecast to increase by USD 20.59 billion, at a CAGR of 13.17% between 2023 and 2028. The laminate lithium-ion battery market is experiencing significant growth, driven by several key factors. The increasing demand for high-performance batteries, particularly in the automotive and consumer electronics industries, is a major catalyst for market expansion. Additionally, substantial investments in research and development (R&D) activities aim to enhance battery efficiency, safety, and longevity. Furthermore, the global push towards reducing carbon emissions and transitioning to renewable energy sources is fueling the adoption of laminate lithium-ion batteries in various applications, including grid energy storage and electric vehicles. These factors collectively contribute to the robust growth of the laminate lithium-ion battery market.
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The evolution of rechargeable battery technology, such as laminate lithium ion cells and nickel metal hydride batteries, drives advancements across diverse sectors like electric cars, medical equipment, and industrial applications. These innovations support agricultural field operations, defense industry needs, and transportation industry demands for sustainable energy solutions. In offshore sectors, from subsea manifolds systems to offshore wind energy projects, technologies are bolstered by regulatory support amid Brexit-related uncertainties and maritime disputes affecting offshore exploration and production activities. As investments focus on perovskite stack batteries and lithium-ion stacked batteries, there's a concerted effort towards enhancing offshore exploration activities and optimizing domestic oil and gas production efficiency. The synergy between technological advancements and regulatory initiatives underscores the dynamic investment climates shaping the future of energy and industrial sectors globally.
Rising demand for high-performance batteries is a major driving factor for the growth of the laminate lithium-ion battery market during the forecast period. There is an increasing need for batteries that can provide long-lasting and reliable power due to the advancement of technology and the reliance of consumers on electronic devices. As laminate lithium-ion batteries are lightweight, have high energy density, and are rechargeable, they are a popular choice for many applications.
Additionally, the growing demand for EVs as governments around the world set targets for reducing carbon emissions drives the growth of the laminate lithium-ion battery market as laminate lithium-ion batteries are a critical component of EVs, providing the power needed to run the vehicle. Hence, such factors are expected to drive the global laminate lithium-ion battery market during the forecast period.
Increasing adoption of EVs and hybrid electric vehicles is the primary trend in the global laminate lithium-ion battery market growth. The adoption of EVs and HEVs is being driven by several factors, including government incentives and regulations, growing environmental concerns, and improvements in battery technology.
Additionally, the manufacturers of EVs and HEVs prefer lithium-ion batteries due to due to their high energy density, longer cycle life, and low self-discharge rate. Thus, as the demand for EVs and HEVs continues to increase, it simultaneously increases the demand for lithium-ion batteries which in turn drives the growth of the global laminate lithium-ion battery market during the forecast period.
The high cost of lithium-ion batteries is a major challenge to the growth of the global laminate lithium-ion battery market. Even though lithium-ion batteries are becoming increasingly popular due to their high energy density and long cycle life, they are quite expensive compared to other battery technologies which can impede the market growth of global laminate lithium-ion batteries.
However, one of the key factors which make the lithium-ion battery expensive is the high cost of raw materials such as cobalt and lithium involved in the manufacturing process. Additionally, the high cost of lithium-ion batteries has made them less accessible to consumers in developing countries, where energy requirements are increasing rapidly. thus the above factors can hinder the growth of the global laminate lithium-ion battery market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Laminate Lithium-Ion Battery Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
TDK Corp.: The company offers laminate lithium Ion batteries with 5C super fast charge cells, Arbitrary Shaped Cell, and high power Ion battery.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The LiCoO2 battery segment will account for a major share of the market's growth during the forecast period. LiCoO2 batteries are one of the most widely used types of laminate lithium-ion batteries, especially in portable electronic devices such as smartphones, laptops, and digital cameras.
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The LiCoO2 battery segment was valued at USD 7.57 billion in 2018. This segment is ideal for portable applications due to its high energy density. One of the key advantages of LiCoO2 batteries is that relatively long cycle life and are cost-effective compared to other lithium-ion battery chemistries. Due to their widespread adoption of portable electronic devices and the increasing demand for these devices, iCoO2 batteries are expected to remain a significant segment of the global laminate lithium-ion battery market during the forecast period.
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APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The major factors include fast-growing economies, increasing population, and rising demand for consumer electronics and EVs have created a favorable environment for the growth of this market. Additionally, the growing need for clean energy solutions and government initiatives to encourage the adoption of EVs further fuels the demand for laminate lithium-ion batteries in the region.
Furthermore, the presence of prominent market players and the increasing investment in research and development activities in the region contribute to the growth of the market. For Instance, countries such as China, Japan, and South Korea are the major contributors to the regional laminate lithium-ion battery market. China is the largest market due to its increasing demand for EVs, the presence of major EV manufacturers, and government initiatives to promote the adoption of EVs. Thus, due to the increasing demand for EVs and consumer electronics, the laminate lithium-ion battery market in APAC is expected to witness significant growth during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
1. Primary Battery Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Germany, Japan, UK - Size and Forecast
2. Flat Lithium-ion (Li-ion) Battery Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, South Korea, Japan, Germany - Size and Forecast
3. Lithium-Ion Battery Management Systems (BMS) for Vehicles Market Analysis APAC, North America, Europe, South America, Middle East and Africa - China, US, Norway, Germany, Japan - Size and Forecast
The global landscape of energy consumption and technological advances is shaped by nickel cadmium batteries, large lithium ion batteries, and electric vehicle lithium ion battery innovations. Regulatory support and initiatives influence sectors dealing with bleach activator products and subsea infrastructure, while disputes over maritime boundary disputes impact national oil companies with access to rich hydrocarbon reserves. Materials like aluminum laminated film provide essential moisture barrier and vapor barrier in battery technology, ensuring electrolyte resistance for enhanced performance. The shift towards new energy vehicles and the demand for gigawatt hours reflect advancements in digital technology advances and consumer goods, underscoring efforts to mitigate security risks and optimize energy efficiency. As industries navigate these challenges, collaboration and innovation drive sustainable solutions in energy storage and consumption globally.
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Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.17% |
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Market growth 2024-2028 |
USD 20.59 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.78 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 51% |
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Key countries |
China, US, Japan, Germany, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
BrightVolt, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., EEMB, EnerSys, Exide Industries Ltd., GS Yuasa International Ltd., Hitachi Zosen Corp., Johnson Controls International Plc., LG Corp., LiPol Battery Co. Ltd., Murata Manufacturing Co. Ltd., NEC Corp., Nitto Denko Corp., Panasonic Holdings Corp., Renault SAS, Samsung Electronics Co. Ltd., Shenzhen Bak Battery Co. Ltd., TDK Corp., and Toshiba Corp. |
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Market dynamics |
Parent market analysis, Market Forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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