Global Automotive Lithium-Ion Battery Market Report 2022: Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast to 2030 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Automotive Lithium-ion Battery Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2022 to 2030” has been added to from ResearchAndMarkets.com offer.

Automotive lithium-ion battery market is expected to grow at a CAGR of 28% during the forecast period from 2022 to 2030

Growing demand for plug-in vehicles is the major driver impacting the market. The pandemic caused by COVID-19 has had a moderately negative effect on the lithium-ion battery market. Due to the widespread outbreak of COVID-19, the supply of batteries and other components is severely limited. Indeed, the pandemic is causing severe disruption to businesses and the global economy.

The Asia-Pacific region is responsible for the majority of manufacturing of key battery components. The suspension of activities in China and other countries in the Asia-Pacific region is having a significant negative impact on battery manufacturers in the United States, Germany and Australia.

It has also led to a reduction in production, which has resulted in a significant drop in the number of inputs available to businesses. The recovery depends on government assistance, as well as corporate debt levels and how businesses and markets adjust to reduced demand. After the recovery phase, the market is expected to continue to expand during the forecast period.

Strict environmental regulations favoring the lithium-ion battery market

Favorable government laws are the major driver for the growth of the Li-ion battery market for automotive applications. Together with automakers, governments from a number of different countries are working together to address growing concerns about environmental safety and the clean energy mix.

For example, a number of countries, such as France and the UK, have announced that they will ban the sale of diesel vehicles in their respective countries. The move will help boost electric vehicle (EV) sales, which will help reduce emissions. Additionally, governments are offering financial incentives and tax credits to encourage the adoption of electric vehicles, which will lead to an increase in demand for automotive lithium-ion batteries.

The European Commission (EC) has put in place strict fuel economy and emissions requirements to address the problems generated by changing climatic and atmospheric conditions caused by rapid urbanization and population expansion.

Growing demand for electric vehicles remains the most important driver

Even though the pandemic caused a drop in global auto sales that led to a drop of about 15%, the number of electric car registrations increased by 40% in 2020. The total number of electric vehicles sold in the world was 3 million in 2020. Electric vehicles rely on power provided by lithium-ion batteries as their primary source of propulsion. It was inevitable that the proliferation of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) would lead to an increase in the use of lithium-ion batteries, and this trend is expected to continue for the foreseeable future.

The growing popularity of electric cars (EVs) among consumers has contributed to a growth in the market for vehicles that consume less energy and produce less pollution. Due to the many benefits associated with electric vehicles, such as a reduced need for vehicle engine maintenance, a reduction in the use of potentially hazardous petroleum wastes, and a reduction in pollution caused by combustion engines, in addition to the development of improved battery technology, the number of electric vehicles continues to increase.

Many people believe that the automotive industry and transportation systems will one day switch to electric vehicles; therefore, there will eventually be an increased need for lithium-ion batteries as their use becomes more widespread.

10,000-60,000 MAh dominated the market in 2021 and is expected to remain dominant

The market share held by the segment ranged from 10,000 to 60,000 MAh in 2021.

The lithium-ion battery segment with a capacity of 10,000 to 60,000 MAh is expected to contribute the largest share of the lithium-ion battery market during the forecast period. Some examples of these applications include electric vehicles, plug-in hybrid electric vehicles, electric motorcycles, golf carts, hybrid trucks, buses, automated guided vehicles, and others.

Key questions answered by this report

  • What are the key micro and macro environmental factors impacting the growth of the Automotive Lithium Ion Batteries market?

  • What are the major investment pockets with respect to product segments and geographies currently and during the forecast period?

  • Estimated forecasts and market projections till 2030.

  • Which segment represents the fastest CAGR during the forecast period?

  • Which market segment has a larger market share and why?

  • Are low- and middle-income economies investing in the automotive lithium-ion battery market?

  • What is the largest regional market for the Automotive Lithium-Ion Batteries market?

  • What are the market trends and dynamics in emerging markets such as Asia-Pacific, Latin America, Middle East and Africa?

  • What are the key trends driving the growth of the Automotive Lithium Ion Battery Market?

  • Who are the leading competitors and what are their key strategies to strengthen their presence in the global automotive lithium-ion battery market?

Company Profiles

  • BYD Company

  • LG Chemistry

  • Contemporary Amperex Technology Co. Ltd.

  • Samsung SDI

  • Panasonic Company

  • BAK Group

  • GS Yuasa Corporation

  • Hitachi

  • Clarios

  • Toshiba Company

Market segmentation

By type Outlook (2020-2030; US$m)

  • BEV – Market size and forecast 2021-2026

  • PHEV – Market size and forecast 2021-2026

By Capacity (2020-2030; USD Million)

  • 3,000-10,000mAh

  • 10,000-60,000mAh

  • 60,000 mAh and above

Regional Segment (2020-2030; USD Million)

  • North America (USA, Canada)

  • Europe and UK (UK, Germany, Spain, Italy, France, RoE)

  • Asia-Pacific (China, Japan, India, Australia, South Korea, RoAPAC)

  • Latin America (Brazil, Mexico, RoLATAM)

  • Middle East and Africa (GCC, Africa, RoME)

Global Covid-19 Segment Impact (2020-2021; USD Million)

  • Situation pre Covid-19

  • Situation after Covid-19

For more information about this report visit https://www.researchandmarkets.com/r/1ejmww

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