Enjoy complimentary customisation on priority with our Enterprise License!
The laminate lithium-ion battery market size is estimated to grow at a CAGR of 11.63% between 2022 and 2027. The market size is forecast to increase by USD 15,870.75 million. The growth of the market depends on several factors, including rising demand for high-performance batteries, growing investments in R and D activities, and increasing focus on reducing carbon emissions.
This laminate lithium-ion battery market report extensively covers market segmentation by type (licoo2 battery, lifepo4 battery, and lithium nickel manganese cobalt and others), application (consumer electronics, automotive, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
The rising demand for high-performance batteries is notably driving the market growth, although factors such as the high cost of lithium-ion batteries impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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.
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
Vendors 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 vendors, 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.
Get a glance at the market contribution of various segments View the PDF Sample
The LiCoO2 battery segment was valued at USD 6,849.77 million in 2017 and continued to grow until 2021. 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.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 49% 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.
In 2020, during the COVID-19 pandemic, the growth of the global laminate lithium-ion battery market witnessed a significant slowdown because of supply chain disruptions, factory closures, and a slowdown in demand due to the global economic recession. However, in 2021, the increasing demand for EVs and the growing need for energy storage solutions in the renewable energy sector provided opportunities for market recovery. Such factors will increase the market growth during the forecast period.
The laminate lithium-ion battery market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global laminate lithium-ion battery market as a part of the global renewable electricity market within the global independent power and renewable electricity market. The parent, global renewable electricity market, covers companies engaged in the generation and distribution of electricity using renewable sources. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Laminate Lithium-Ion Battery Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.63% |
Market growth 2023-2027 |
USD 15,870.75 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
11.21 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 49% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
BrightVolt, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., EEMB, EnerSys, Exide Industries Ltd., GS Yuasa Corp., 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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our 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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.