Lithium-ion Battery Cathode Market Analysis and Demand with Forecast Overview 2019 to 2029
According to a new study of Fact.MR, sales of lithium-ion battery pack will exceed 151 Mn units in 2019, up from 131 Mn units in 2018. Development of safe and reliable battery packs, in line with the surging power requirements from multiple applications is for to complement growth of lithium-ion battery market.
âSoaring sales of plug-in and electric vehicles is one among the key factors spurring adoption of lithium-ion battery packs, as lithium-ion batteries have become the âbattery of choiceâ among automakers worldwide. Multiple advantages of a lithium-ion battery pack, such as high energy & power density, is making it outsell the conventional lead-acid variantsâ, says the Fact.MR report.
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Key Growth Determinants of the Lithium-ion Battery Cathode Market
- Recent trends of âcost optimizationâ, as observed in the automotive industry, are likely to uphold the demand for cathode materials for the production of the lithium-ion battery, on account of their high efficiency, enduring lifespan, economical costs, and high energy storage capacity.
- As the intensity of competition levels up by a notch in the automotive industry, manufacturers strive to put their best efforts towards enhancing the efficiency, in order to place their products at a distinguished position in the market. This has offered a new tangent to the adoption of cathode for the manufacturing of efficient lithium-ion batteries, for further use in electric vehicles.
- Sensing the incremental demand for lithium-ion batteries in the future, end-use industries ranging from healthcare, to consumer electronics, and automotive, manufacturers are expending their efforts towards adopting modernized production technologies. The technological modernization will help manufacturers improve the throughput and reposition in the market to balance the demand- supply scales of lithium-ion battery cathode.
- As consumer electronics and power tools near the stage of ubiquity in the consumer goods space, extended battery life turns out to be an attractive proposition. Lithium-ion battery cathode remains a sought-after solution for the development of batteries with high energy density and thus, greater reliability for consumer electronics.
Lithium-Ion Battery Pack Market- Research Methodology
The report on lithium-ion battery pack market offers an all-inclusive analysis and assessment on global lithium-ion battery pack market, which has been designed using a proven and tested research methodology that comprises of primary and secondary phases. This research methodology used for compiling lithium-ion battery pack market aids in arriving at incisive insights into the growth course of lithium-ion battery pack market during the forecast period. Data and insights garnered for lithium-ion battery pack market are further subjected to multiple stages of validation and examination before including them in the lithium-ion battery pack market report.
Cylindrical cell, used in the lithium-ion battery cathodes, are likely to remain the preferred cell type over its equivalents, as they radiate heat and thus have better control over temperature. Cylindrical cells have tightly-wounded metal-encased electrodes, which control the tattering of electrode material due to mechanical vibrations, making them suitable for lithium-ion battery cathode. However, polymer cells retain their charge even while aging, which makes them suitable for long-term use. In addition, they weigh lesser than their equivalents, which marks them ideal for integration in a majority of bestselling consumer electronics.
Key players operating in the lithium-ion battery pack market and profiled in the report include BYD, Automotive Energy Supply Corporation (AESC), Contemporary Amperex Technology Co. Limited, (CATL), East Penn Manufacturing Co., Guoxuan High-Tech, Lishen Battery, Hoppecke Batterien GmbH & Co. KG., Leoch International Technology Ltd., China Aviation Lithium Battery Co., Ltd (CALB), CBAK Energy Technology, Inc., Lithium Energy Japan, Wanxiang Import & Export Co., Ltd., Tianneng Power International Co., Ltd., Coslight Technology International Group Co., Ltd., EnerSys, Toshiba Corporation, and others.
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