Lucrative opportunity witness in global Lithium Ion battery Pack Market Owing to Rise in demand for Electric Vehicle & Energy Storage System

“Lithium Ion battery Pack market continues to witness lucrative opportunity across the globe on the backdrop of increasing demand for electric vehicle & energy storage system worldwide” according to a new Fact.MR study. The Fact.MR study provides market data for the historical period from 2013 to 2018 along with the forecast for 2019 to 2028. The primary objective of this report is to identify the dynamics & trends in the market which affect the global Lithium Ion battery Pack market & provides recent updates & insights affect different segment of the global Lithium Ion battery Pack market. For the better understanding of the report to the reader, the report also includes analysis of drivers, restraints & trends which influence the current market scenario and their expected impact on the global Lithium Ion battery Pack market during the forecasted period.

The global market for Lithium Ion battery Pack is segmented as product type, cell type, nominal voltage, battery capacity, end use application, and region. On the basis of product type, the global Lithium Ion battery Pack market is segmented into Lithium Cobalt Oxide, Lithium Magnesium Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt Oxide, Lithium Nickel Cobalt Aluminium Oxide and Lithium Titanate. By Cell type, the global Lithium Ion battery Pack market is segmented as cylindrical cell, prismatic cell & polymer pouch cell. In terms of nominal voltage, the global Lithium Ion battery Pack market is segmented as less than 12 V, 12 V, 24 V & more than 24 V. Similarly on the basis of battery capacity, the global Lithium Ion battery Pack market is segmented as less than 30 kWh, 30-60 kWh, 60-80 kWh & more than 80 kWh. On the basis of end use applications, the global Lithium Ion battery Pack market is segmented as Automotive, Consumer electronics, medical devices and Industrial & Grid Energy. The Lithium Ion battery Pack market has been evaluated across primary regions such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and the Middle East & Africa (MEA).

Browse more detail information about this report at https://www.factmr.com/report/2447/battery-management-system-market

Lithium Cobalt Oxide to dominate the product type segment in the global Lithium Ion battery Pack market

Lithium Cobalt oxide is the most prominent product segment in the global Lithium Ion battery Pack market, growing at a CAGR of 10.2% in terms of value during the forecast period. This rising demand for electronic devices is likely to drive the growth of lithium cobalt oxide followed by lithium manganese oxide. It is projected that the market size for the lithium cobalt oxide for Lithium Ion battery Pack will create an incremental opportunity of more than US$ 97,135.92 Mn by 2028 in the global Lithium Ion battery Pack market.

Cylindrical Cell to be the most lucrative Cell type in the Lithium Ion battery Pack Market

Most prefer cell for the Lithium Ion battery Pack is cylindrical followed by the prismatic, which is growing at a CAGR of 12.5% & 11% respectively in terms of value during the forecast period. But due to a rise in demand for lithium ion batteries in consumer electronics, polymer pouch cell is likely to grow with a higher rate.

Rising demand of Electronic Devices to Boost the Demand for Smaller Li-Ion Batteries in Near Future

Rising demand of Li-Ion batteries in consumer electronics & medical devices, less than 12 V nominal voltage & less than 30 kWh battery segment is expected to continue to be dominated during the forecast period.

 

Increasing adoption of electric vehicle to boost the Lithium-Ion battery Pack Market

The demand for Lithium Ion battery Pack in automotive segment is estimated to grow at a significant rate and is projected to create an incremental opportunity of more than 200 Bn by 2028 end.  Increasing adoption of low polluting vehicles & development in EV charging infrastructure are the prime factors to boost the demand for Lithium Ion battery in automotive sector.

 

APEJ to Dominate Lithium Ion battery Pack Market 

The Asia Pacific Lithium Ion battery Pack Market has been evaluated to dominate the Lithium Ion battery Pack Market, representing for a maximum revenue share of the market by 2018 end. North America Lithium Ion battery Pack Markets are expected to account for around 23% of the revenue share for the global Lithium Ion battery Pack Market by 2028 end. Among the developing markets, China & India’s Lithium Ion battery Pack Market is evaluated to show a significant CAGR around 13% & 14% in terms of value over the forecast period, trailed by Brazil with the CAGR of around 12%.

 

R&D Investments Center around Development of Lithium Ion battery Pack of different cathode composition for improved performance

The competitive landscape section of the Lithium Ion battery Pack market delivers the most insightful information regarding the key market players in the global Lithium Ion battery Pack market, their relative global position and business strategies. The demand for the Lithium Ion battery Pack is estimated to grow over the forecast period as the contenders in the global market are rising and competition with the existing players is expected to increase in the next ten years.

The manufacturers in Lithium Ion battery Pack market to expand with strategic developments such as material processing, product innovation, expansion, collaborations and acquisitions in the Lithium Ion battery Pack market.

Besides known applications, Lithium Ion battery Pack will show significant potential for new applications, some of which are still in the early stages of development. Further, prominent players are investing in research and development activities.

Key players operating in the global market for Lithium Ion battery Pack, include LG Chem, BYD, Panasonic, AESC, CATL, Guoxuan High-Tech, Samsung SDI, Lishen, CBAK, CALB, LEJ, Wanziang, GS Yuasa Corporation, Johnson Controls International Plc., Tianneng Power International Co., Ltd., EnerSys, Leoch International Technology Ltd., Hoppecke Batterien GmbH & Co. KG., Coslight Technology International Group Co., Ltd. ,East Penn Manufacturing Co., Toshiba Corporation and other prominent market players.

About the Report

Fact.MR published an exclusive forecast report for the Lithium Ion battery Pack market between 2018 and 2028. The foremost objective of this report on Lithium Ion battery Pack market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the Lithium Ion battery Pack market. Also, the study on Lithium Ion battery Pack market addresses key dynamics, which are expected to diversify the sales and future prominence of Lithium Ion battery Pack market.

The report on Lithium Ion battery Pack market begins with an executive overview in which a product definition is provided. The report further proceeds with taxonomy of Lithium Ion battery Pack market elaborating on the key segments. Also, the report outlines visionary insights on dynamics of Lithium Ion battery Pack market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for Lithium Ion battery Pack. Supply chain analysis and pricing analysis of Lithium Ion battery Pack market along with the different end use industries market penetration have also been included in the report to help the readers clearly understand the product framework map in Lithium Ion battery Pack market.

 

Additional Questions Answered

The report also provides answers to other important questions related to Lithium Ion battery Pack market, such as –

  • How many Units of Lithium Ion battery Pack will be sold by 2028-end?
  • Which end use application will hold largest volume share for the Lithium Ion battery Pack market?
  • What will be the growth rate of Lithium Ion battery Pack market in various regions?
  • Which region held the maximum share in the global Lithium Ion battery Pack market in 2018 & 2028?
  • What will be the effect of instability in raw material price fluctuation on Lithium Ion battery Pack market?

 

Research Methodology

 

The report offers an in-depth assessment on the Lithium Ion battery Pack market, which is based on a tested & proven research methodology that involves comprehensive primary and secondary research approaches. These research methods have helped in arriving at important numbers for the Lithium Ion battery Pack market. Data collected on the Lithium Ion battery Pack market by these researches go through several validation funnels, examination and re-examination, prior to their inclusion in the report.

 

Credibility of the statistics evaluated and data acquired on the Lithium Ion battery Pack market, bases itself on unique nature of Fact.MR’s research methodology, which ensures greater accuracy and provision of authentic data. Intelligence obtained from opinion leaders and industry experts in the Lithium Ion battery Pack market have been extrapolated, meanwhile the contemplation of the data has allowed analysts to develop this analytic and insightful report on the Lithium Ion battery Pack market.

Mohit Loshali

Mohit Loshali, an experienced campaigner, writes about the latest evolutions and trends in the automotive and allied domains. He has helped clients from across the globe with his thought-provoking research and analysis.

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