Lithium-ion Battery Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Oct 2023 Pages: 182 SKU: IRTNTR41001

Lithium-ion Battery Market Analysis

Lithium-ion Battery Market size is estimated to grow by USD 198.26 billion between 2022 and 2027 accelerating at a CAGR of 31% during the forecast period. The growth of the market depends on several factors, including the augmented demand from consumer electronics, the increased shipments of smart wearables, and battery energy storage to address the erratic nature of renewables.

This lithium market analysis report extensively covers market segmentation by type (lithium nickel manganese cobalt, lithium titanate, lithium iron phosphate, and lithium cobalt oxide), application (automotive, consumer electronics, and energy storage, and others), and geography ( APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

Lithium ion Battery Market Growth and Forecasting

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Lithium-ion Battery Market Definition:

Lithium-ion batteries are rechargeable batteries in which carbon serves as an anode and lithium-ion acts as a cathode. The advantage of using these batteries is that they increase thermal stability, have higher current density, and have a longer shelf life than other battery technologies available in the market. Lithium-ion batteries are used in high-power applications such as HEVs, EVs, and consumer electronics devices. One of the key reasons for this significant growth is the increased adoption of EVs and HEVs worldwide.

Lithium-ion Battery Market Analysis

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Lithium-ion Battery Market Drivers

Augmented demand from consumer electronics is a major driver boosting the lithium market size. Rising urbanization and higher household incomes worldwide have resulted in increased disposable incomes. This has positively impacted consumer spending, reflecting greater consumer confidence. Global consumer expenditure is predicted to rise rapidly, driven by economic recovery in major emerging markets, particularly in Asia. Countries like Malaysia, Indonesia, and Vietnam in the Pacific Rim are expected to experience significant market growth due to higher disposable incomes.

The growing number of working women has also contributed to increased household incomes, leading to higher consumption levels. Developing economies such as China and India offer lucrative markets due to their large populations and open economies. As a result of increased consumer spending on gadgets, the consumer electronics segment is expanding rapidly, driving demand for lithium-ion batteries. The declining prices of consumer electronic products and constant technological advancements further contribute to the growth of this segment. The consumer electronics segment is projected to continue witnessing high demand, consequently driving the growth of the lithium-ion battery market size in the forecast period.

Significant Lithium-ion Battery Market Trends

Legislative support for battery recycling is a major lithium-ion market trend. Global concerns about environmental issues and greenhouse gas emissions have prompted countries to reconsider the use of fossil fuels in transportation. Electric vehicles (EVs) are seen as the only viable alternative to traditional fuel-powered vehicles. Several countries, including France, the UK, the Netherlands, and China, have implemented measures to promote the adoption of EVs, such as setting targets and restricting the sale of diesel and petrol vehicles. China, in particular, has introduced subsidies for EVs and imposed restrictions on new ownership of conventional cars.

Government regulations also focus on recycling batteries, especially lithium-ion batteries, to prevent environmental contamination and extract valuable metals. Companies like Umicore, Stiftung GRS Batterien, and Li-Cycle are engaged in battery recycling efforts. Proper recycling not only reduces environmental impact but also provides economic benefits for battery manufacturers. Disposal of lithium-ion batteries can have harmful consequences due to their explosive nature, potential groundwater and soil contamination, and the toxicity of electrolytes. Legislative support, such as the European Union's battery directive, is essential to improve battery recycling rates. Increasing rates of lithium-ion battery recycling, coupled with the growth of EVs and other end-user segments, are expected to drive the growth in the forecast period.

Major Lithium-ion Battery Market Challenges

The growing popularity of fuel cell solutions is a major lithium-ion market challenge. The replacement of standard lithium-ion batteries with fuel cells poses a significant challenge for end-users in industries like automotive and material handling equipment. Conventional batteries require frequent replacement or recharging, causing logistical issues in operations that span multiple shifts. To address these challenges, more end-users are opting for fuel cell systems. On the other hand, Fuel cells are a promising technology known for their high efficiency in automotive and energy storage applications. They directly convert chemical energy into electrical energy through electrochemical reactions, offering a non-polluting and efficient power generation process. Fuel cells can serve as reliable alternatives to secondary batteries due to their scalability and ability to provide backup and prime power in stationary applications.

As the automotive industry looks for next-generation energy storage solutions, major automakers like Toyota Motor and Hyundai Motor are exploring fuel cells as a means to power electric vehicles (EVs) for longer durations. This shift towards fuel cell technology in EVs reduces the demand for lithium-ion batteries and directly impacts the lithium market growth during the forecast period.

Market Segmentation by Type, Application, Geography

Type Analysis

Based on type, the market is segmented into lithium nickel manganese cobalt, lithium titanate, lithium iron phosphate, and lithium cobalt oxide. The market share growth by the lithium nickel manganese cobalt segment will be significant during the forecast period. The success of lithium nickel manganese cobalt batteries is due to the combination of nickel and manganese. Despite having low specific energy, manganese has the advantage of creating a spinel structure to produce low internal resistance. Despite having a large specific energy, nickel is unstable. The strengths of the metals are increased when they are mixed. The preferred battery is a lithium nickel manganese cobalt battery, which is used in power tools, e-bikes, and other electric drivetrains. Such factors will increase segment growth during the forecast period.

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The lithium nickel manganese cobalt segment was valued at USD 9.55 billion in 2017 and continue to grow by 2021. Batteries made of lithium nickel manganese cobalt can be made for both high-energy and high-power uses. Most electric automobiles use lithium nickel manganese cobalt batteries. Laptops, mobile phones, and other portable gadgets all employ lithium nickel manganese cobalt batteries. Battery storage power plants are another use for lithium nickel manganese cobalt batteries. The lithium nickel manganese cobalt segment holds a major share in the global lithium-ion battery industry in 2022 and is expected to remain the same during the forecast period.

Application Analysis

Based on application, the automotive segment will hold a dominant position in the market. EV manufacturers are actively seeking unconventional energy storage systems that can enhance vehicle efficiency and performance while considering environmental impact. Among the available alternative energy storage options for EVs, lithium-ion batteries, particularly lithium iron phosphate batteries, are the preferred choice. They offer advantages such as high energy density, long cycle life, and improved safety by eliminating issues like explosion and overheating.

The demand for EVs is on the rise globally, with the US leading the market followed by China, Norway, the Netherlands, Germany, France, and the UK. China, although still in its early stages, has significant growth potential driven by government subsidies and advancements in battery technology. China has set a target of achieving 35 million EV sales by 2025, while India aims to convert all cars into EVs by 2030. However, high EV prices, primarily due to the cost of lithium-ion batteries, pose a challenge to achieving these targets. Nevertheless, with increased production volumes, battery costs are expected to decrease in the future.

Regional Analysis

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.

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Increasing penetration of renewable energy, EVs, and consumer electronics are the main contributors to the lithium-ion battery industry in APAC in 2022. However, the contribution of the renewable power sector is expected to increase during the forecast period because of the need to reduce greenhouse gas (GHG) emissions and lower the number of power outages in the region

This lithium market forecast report bases the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for APAC. However, the lifting of travel restrictions, the resumption of operations in the manufacturing sector, and the initiation of large-scale COVID-19 vaccination drives in 2021 increased the demand for lithium-ion batteries. The increasing penetration of renewable energy in the energy mix is expected to play a major role in the growth of the regional market during the forecast period. Renewable capacity installations are increasing owing to the supportive policies of the governments in APAC. Therefore, the growing demand for automobiles, supportive government policies to boost the adoption of EVs, and the installation of renewables will drive the growth of the regional lithium-ion battery industry during the forecast period.

Segment Overview

The lithium ion battery market research 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. 

  • Type Outlook (USD Billion, 2017 - 2027)
    • Lithium nickel manganese cobalt
    • Lithium titanate
    • Lithium iron phosphate
    • Lithium cobalt oxide 
  • Application Outlook (USD Billion, 2017 - 2027)
    • Automotive
    • Consumer electronics
    • Energy storage 
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Lithium-ion Battery Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 31%

Market growth 2023-2027

USD 198.26 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

30.34

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 51%

Key countries

US, China, Japan, Germany, and Norway

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A123 Systems LLC, AT and T Inc., BAK Power, BYD Co. Ltd., Clarios, Envision Group, Exide Industries Ltd., GS Yuasa Corp., Hitachi Ltd., Johnson Controls International Plc, LG Chem, Manz AG, Panasonic Holdings Corp., Samsung SDI Co. Ltd., SK Inc., Sony Group Corp., TDK Corp., TianJin Lishen Battery Joint Stock Co. Ltd., Toshiba Corp., and Tesla Inc.

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, Market condition analysis for 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.

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What are the Key Data Covered in this Lithium-ion Battery Market Research Report?

  • CAGR of the  lithium market research forecast
  • Detailed information on factors that will drive the growth of the market  between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the lithium market research report across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of lithium-ion battery market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global lithium-ion battery market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global lithium-ion battery market 2017 - 2021 ($ billion)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Lithium nickel manganese cobalt - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Lithium nickel manganese cobalt - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Lithium nickel manganese cobalt - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Lithium nickel manganese cobalt - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Lithium nickel manganese cobalt - Year-over-year growth 2022-2027 (%)
    • 6.4 Lithium titanate - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Lithium titanate - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Lithium titanate - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Lithium titanate - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Lithium titanate - Year-over-year growth 2022-2027 (%)
    • 6.5 Lithium iron phosphate - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Lithium iron phosphate - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Lithium iron phosphate - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Lithium iron phosphate - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Lithium iron phosphate - Year-over-year growth 2022-2027 (%)
    • 6.6 Lithium cobalt oxide - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Lithium cobalt oxide - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Lithium cobalt oxide - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Lithium cobalt oxide - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Lithium cobalt oxide - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 51: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 53: Chart on Comparison by Application
      • Exhibit 54: Data Table on Comparison by Application
    • 7.3 Automotive - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.4 Consumer electronics - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)
    • 7.5 Energy storage and others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Energy storage and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Energy storage and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Energy storage and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Energy storage and others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 67: Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Norway - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Norway - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Norway - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Norway - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Norway - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 A123 Systems LLC
              • Exhibit 120: A123 Systems LLC - Overview
              • Exhibit 121: A123 Systems LLC - Product / Service
              • Exhibit 122: A123 Systems LLC - Key offerings
            • 12.4 AT and T Inc.
              • Exhibit 123: AT and T Inc. - Overview
              • Exhibit 124: AT and T Inc. - Business segments
              • Exhibit 125: AT and T Inc. - Key news
              • Exhibit 126: AT and T Inc. - Key offerings
              • Exhibit 127: AT and T Inc. - Segment focus
            • 12.5 BYD Co. Ltd.
              • Exhibit 128: BYD Co. Ltd. - Overview
              • Exhibit 129: BYD Co. Ltd. - Business segments
              • Exhibit 130: BYD Co. Ltd. - Key news
              • Exhibit 131: BYD Co. Ltd. - Key offerings
              • Exhibit 132: BYD Co. Ltd. - Segment focus
            • 12.6 Envision Group
              • Exhibit 133: Envision Group - Overview
              • Exhibit 134: Envision Group - Product / Service
              • Exhibit 135: Envision Group - Key offerings
            • 12.7 GS Yuasa Corp.
              • Exhibit 136: GS Yuasa Corp. - Overview
              • Exhibit 137: GS Yuasa Corp. - Business segments
              • Exhibit 138: GS Yuasa Corp. - Key news
              • Exhibit 139: GS Yuasa Corp. - Key offerings
              • Exhibit 140: GS Yuasa Corp. - Segment focus
            • 12.8 Hitachi Ltd.
              • Exhibit 141: Hitachi Ltd. - Overview
              • Exhibit 142: Hitachi Ltd. - Business segments
              • Exhibit 143: Hitachi Ltd. - Key news
              • Exhibit 144: Hitachi Ltd. - Key offerings
              • Exhibit 145: Hitachi Ltd. - Segment focus
            • 12.9 Johnson Controls International Plc
              • Exhibit 146: Johnson Controls International Plc - Overview
              • Exhibit 147: Johnson Controls International Plc - Business segments
              • Exhibit 148: Johnson Controls International Plc - Key news
              • Exhibit 149: Johnson Controls International Plc - Key offerings
              • Exhibit 150: Johnson Controls International Plc - Segment focus
            • 12.10 LG Chem
              • Exhibit 151: LG Chem - Overview
              • Exhibit 152: LG Chem - Business segments
              • Exhibit 153: LG Chem - Key news
              • Exhibit 154: LG Chem - Key offerings
              • Exhibit 155: LG Chem - Segment focus
            • 12.11 Manz AG
              • Exhibit 156: Manz AG - Overview
              • Exhibit 157: Manz AG - Business segments
              • Exhibit 158: Manz AG - Key news
              • Exhibit 159: Manz AG - Key offerings
              • Exhibit 160: Manz AG - Segment focus
            • 12.12 Panasonic Holdings Corp.
              • Exhibit 161: Panasonic Holdings Corp. - Overview
              • Exhibit 162: Panasonic Holdings Corp. - Business segments
              • Exhibit 163: Panasonic Holdings Corp. - Key news
              • Exhibit 164: Panasonic Holdings Corp. - Key offerings
              • Exhibit 165: Panasonic Holdings Corp. - Segment focus
            • 12.13 Samsung SDI Co. Ltd.
              • Exhibit 166: Samsung SDI Co. Ltd. - Overview
              • Exhibit 167: Samsung SDI Co. Ltd. - Business segments
              • Exhibit 168: Samsung SDI Co. Ltd. - Key news
              • Exhibit 169: Samsung SDI Co. Ltd. - Key offerings
              • Exhibit 170: Samsung SDI Co. Ltd. - Segment focus
            • 12.14 Sony Group Corp.
              • Exhibit 171: Sony Group Corp. - Overview
              • Exhibit 172: Sony Group Corp. - Business segments
              • Exhibit 173: Sony Group Corp. - Key news
              • Exhibit 174: Sony Group Corp. - Key offerings
              • Exhibit 175: Sony Group Corp. - Segment focus
            • 12.15 TDK Corp.
              • Exhibit 176: TDK Corp. - Overview
              • Exhibit 177: TDK Corp. - Business segments
              • Exhibit 178: TDK Corp. - Key news
              • Exhibit 179: TDK Corp. - Key offerings
              • Exhibit 180: TDK Corp. - Segment focus
            • 12.16 Tesla Inc.
              • Exhibit 181: Tesla Inc. - Overview
              • Exhibit 182: Tesla Inc. - Business segments
              • Exhibit 183: Tesla Inc. - Key news
              • Exhibit 184: Tesla Inc. - Key offerings
              • Exhibit 185: Tesla Inc. - Segment focus
            • 12.17 Toshiba Corp.
              • Exhibit 186: Toshiba Corp. - Overview
              • Exhibit 187: Toshiba Corp. - Business segments
              • Exhibit 188: Toshiba Corp. - Key offerings
              • Exhibit 189: Toshiba Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 190: Inclusions checklist
                • Exhibit 191: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 192: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 193: Research methodology
                • Exhibit 194: Validation techniques employed for market sizing
                • Exhibit 195: Information sources
              • 13.5 List of abbreviations
                • Exhibit 196: List of abbreviations

              Research Framework

              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.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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