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07 Aug, 2023, 12:30 ET

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NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The laminate lithium-ion battery market size is projected to grow by USD 15,870.75 million from 2022 to 2027. However, the growth momentum will progress at a CAGR of 11.63% during the forecast period, according to Technavio. The laminate lithium-ion battery market is fragmented, and the companies are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Bright Volt, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., EEMB, EnerSys, Exide Industries Ltd., GS Yuasa Corp., Hitachi Zosen Corp., Johnson Controls International Plc, LG Corp., LiPol Battery Co. Ltd., Murata Manufacturing Co. Ltd., NEC Corp., Nitto Denko Corp., Panasonic Holdings Corp., Renault SAS, Samsung Electronics Co. Ltd., Shenzhen Bak Battery Co. Ltd., TDK Corp., and Toshiba Corp. are some of the major market participants -. To know about the company's offerings - Request a sample report

Laminate Lithium-Ion Battery Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The laminate lithium-ion battery market report covers the following areas:

Laminate Lithium-Ion Battery Market 2023-2027: Market Dynamics

Key Driver

Rising demand for high-performance batteries is a key factor driving market growth. Technological advances and consumer dependence on electronic devices have increased the demand for batteries that can provide long-lasting, reliable power. Moreover, the increasing demand for electric vehicles (EVs) is driven by governments setting targets to reduce carbon emissions. Laminated lithium-ion batteries are a popular choice for a variety of applications due to their lightweight, high-energy density, and rechargeable properties. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

Increasing adoption of EVs and hybrid electric vehicles is a major trend in the market. The growth is attributed to various factors, including government incentives, environmental concerns, and advancements in battery technology. EV and HEV manufacturers favor lithium-ion batteries for their high energy density, longer cycle life, and low self-discharge rate. As the demand for EVs and HEVs rises, the popularity of lithium-ion batteries is expected to continue to increase. Hence, these factors are expected to drive market growth during the forecast period.

Significant Challenges

The high cost of lithium-ion batteries is a significant challenge restricting market growth. Lithium-ion batteries are more expensive compared to other battery technologies due to the high cost of raw materials like cobalt and lithium used in their manufacturing process. This cost factor has limited their accessibility to consumers in developing countries where energy demands are rising rapidly. Hence, these factors are expected to restrict market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Laminate Lithium-Ion Battery Market 2023-2027: Segment Analysis

Laminate Lithium-Ion Battery Market 2023-2027: Segmentation Highlights

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Laminate Lithium-Ion Battery Market 2023-2027: Key Highlights

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Laminate Lithium-Ion Battery Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.63%

Market growth 2023-2027

USD 15,870.75 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.21

Regional analysis

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

Performing market contribution

APAC at 49%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

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

Key companies profiled

BrightVolt, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., EEMB, EnerSys, Exide Industries Ltd., GS Yuasa Corp., Hitachi Zosen Corp., Johnson Controls International Plc, LG Corp., LiPol Battery Co. Ltd., Murata Manufacturing Co. Ltd., NEC Corp., Nitto Denko Corp., Panasonic Holdings Corp., Renault SAS, Samsung Electronics Co. Ltd., Shenzhen Bak Battery Co. Ltd., TDK Corp., and Toshiba Corp.

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, and Market condition analysis for the 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.

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.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio