Automotive Lithium-ion Battery Cell Market was valued at USD 36.2 Billion in 2022 and is projected to reach USD 94.2 Billion by 2030, growing at a CAGR of 13.1% from 2024 to 2030.
The global automotive lithium-ion battery cell market was valued at approximately $30 billion in 2022, with a compound annual growth rate (CAGR) of around 20% projected through the forecast period. This growth is driven by increasing demand for electric vehicles (EVs) and advancements in battery technology. The market is expected to reach an estimated value of $90 billion by 2027, highlighting significant expansion. The automotive industry’s push towards sustainability and energy efficiency continues to fuel this surge, offering substantial opportunities for growth and innovation.
Opportunity analysis reveals that emerging markets are playing a pivotal role in shaping the future of the automotive lithium-ion battery cell sector. Countries with growing automotive industries and increasing investments in EV infrastructure are creating new avenues for market penetration. Additionally, advancements in battery efficiency and cost reduction are likely to enhance market potential. As automotive manufacturers seek to improve vehicle range and performance, the demand for high-capacity and longer-lasting lithium-ion batteries is anticipated to rise, further driving market dynamics.
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Duracell
Energizer Brands
Samsung SDI
Toshiba
Contemporary Amperex Technology
Hitachi Chemical
Automotive Energy Supply
GS Yuasa International
Johnson Controls
Future Hi-Tech Batteries
Tianjin Lishen Battery
Hunan Shanshan Toda Advanced Materials
Panasonic Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Lithium-ion Battery Cell Market
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel-cell Electric Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Lithium-ion Battery Cell market share In 2023.
Lithium Iron Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Manganese Oxide (LMO)
Lithium Nickel Manganese Cobalt Oxide (NMC)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Lithium-ion Battery Cell Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Lithium-ion Battery Cell Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Lithium-ion Battery Cell Market, By Type
6. Global Automotive Lithium-ion Battery Cell Market, By Application
7. Global Automotive Lithium-ion Battery Cell Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Lithium-ion Battery Cell Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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