Global Lithium-ion Battery Market by Application and Geography - Forecast to 2023 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Lithium-ion Battery Market - Segmented by Application and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The requirement for energy storage solutions is increasing as many governments are taking policy-level initiatives, to promote renewable power generation and electric vehicles adoption.

Furthermore, due to the increasing competition in lithium-ion battery market and growing demand for the same, significant manufacturers have been investing heavily in R&D activities to achieve better performance and lower production costs of lithium-ion batteries.

Also, in the next few years, many low-cost battery production facilities are expected to come online in China, which is expected to further bring down the lithium-ion battery prices. By 2023, prices are expected to hover around USD 140 per kWh from the current USD 209 per kWh.

Major Highlights

• Demand from the Automotive Sector - Driving the Market
• Asia-Pacific - The Region with the Highest Market Share
• China - Among the Leading Countries in the Lithium-Ion Batteries Market

Key Developments in the Market

• Mahindra and LG Chem announced a partnership to jointly develop a new, advanced Li-ion battery technology, which is to be used in Mahindra's range of electric vehicles. As part of this agreement, LG Chem is likely to develop lithium-ion cells based on NMC (Nickel-Manganese-Cobalt) chemistry, which has high-energy density.
• Panasonic Corporation, a leading supplier of electric-car batteries, collaborated with Toyota Motor Corp., which makes batteries for electric vehicles (EV), for the development of lithium-ion prismatic cells. This agreement is intended to address the increasing demand and expectations for electric vehicles.

Companies Featured

• BYD Company Ltd.
• Contemporary Amperex Technology Co. Ltd.
• LG Chem Ltd.
• Panasonic Corporation
• Samsung SDI
• Sony Corporation
• Tesla Inc.
• Tianjin Lishen Battery Joint-Stock Co. Ltd.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/34hjpd/global?w=4