Lithium Ion Battery Market, By Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Cobalt Aluminum Oxide, Lithium Manganese Oxide, Lithium Titanate, and Others), By Application (Automotive, Industrial, Consumer electronics and products, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI284

Pages :170

Formats :

Excel and PDF

Industry : Advanced Materials

Market Concentration and Competitive Landscape

Lithium Ion Battery Market Concentration By Players

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Increasing demand from electronics industry

Another major driver is the rising consumption of lithium-ion batteries from the field of consumer electronics. Right from smartphones to laptops, almost every essential electronic gadget nowadays uses rechargeable lithium-ion batteries. Improving disposable incomes in developing economies are allowing millions of people to upgrade to the latest electronic devices each year. Smartphones have become ubiquitous with over 6 billion users globally. New models are getting launched consistently with more powerful processors, dazzling displays, and advanced cameras - all of which demand higher battery capacities.

Portable devices like tablets, wearables, and wireless headphones have also become very popular. The exponential growth of online streaming services is driving up the need for large batteries in devices that support long hours of uninterrupted video playback. With 5G networks beginning their rollout, the data consumption on mobile is predicted to boom manifold in the coming years. This will further increase the battery lifetime requirements from mobile devices.

Key Players Insights