12V Lithium-Ion Battery Market report incl. global, regional, country, customer and carline/platform-specific market shares, volume forecasts and competitor landscapes for Lithium-Ion Battery, By Type (Lithium Nickel Manganese Cobalt, Lithium Manganese Oxide, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Nickle Cobalt Aluminum Oxide & Lithium Titanate Oxide), By Capacity (0- 3000 mAh, 3000-10000 mAh, 10000-60000 mAh, 60000 mAh & Above), By Industry (Automotive, Aerospace Consumer Electronics, Marine, Industrial, Power, Telecommunication & Medical) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The Global 12V Lithium-Ion Battery Market size was estimated at USD 17.6 billion in 2023 and is projected to reach USD 40.3 billion in 2030 at a CAGR of 12.6% during the forecast period 2024-2030.
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In comparison to their internal combustion engine counterparts, electric vehicles have demonstrated a reduced impact on the climate. This is a significant shift as both passenger and commercial electric vehicles are poised to redefine the trajectory of future transportation. In response to this trend, governments across the globe are progressively adopting greener, pollution-free mobility solutions. This transition is not only beneficial for the environment but is also expected to catalyze the growth of the lithium-ion battery industry.
These lithium-ion batteries are the power source of choice for electric vehicle manufacturers, including industry leaders like Tesla. The shift towards electric mobility is particularly noticeable in Europe, where stringent pollution standards and restrictions have been enacted. In addition, significant public transit projects focusing on electric mobility have been launched, further solidifying the continent's commitment to a greener future. This commitment to environmental sustainability and the adoption of electric vehicles is a clear indication of the direction in which global transportation trends are moving.
In the COVID-19 pandemic, the anticipated expansion of the lithium-ion battery market was experienced a downturn. This is primarily due to the pandemic's severe impact on the supply of batteries and other essential components, which has been brought about by significant disruptions in business operations and the global economy at large. The circumstances had notably affected the supply chain of the battery industry, causing a ripple effect that has further compounded the issue.
12v Lithium-Ion Battery Market Competitive landscape:
· Panasonic Sanyo
· Automotive Energy Supply Corporation (AESC)
· LG Chem.
· SAMSUNG SDI Co.
· Li-Tec Battery GmbH
· Toshiba
· A123 Systems
· GS Yuasa
· Sony Corporation
· Beijing Pride Power
· BAK Group
· Toshiba Corporation
· Valence Technology
· Hitachi Chemical Co. Ltd.
· Johnson Controls
· TDK Corporation
Recent Developments
· In July 2023, Japanese researchers have developed lithium-ion batteries that don't rely on cobalt, a costly and resource-constrained material commonly found in commercial lithium-ion batteries. Their innovative approach uses a combination of elements in the electrodes, including lithium, nickel, manganese, silicon, and oxygen, resulting in batteries that are 60% more energy-dense and more powerful, with a voltage of 4.4 volts.
· In Oct 2023 Photoionisation detection (PID) sensors play a crucial role in identifying potential issues in the production and use of lithium-ion (Li-ion) batteries, which power various devices like electric vehicles, e-bikes, mobile phones, and laptops.
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Scope of the 12V Lithium-Ion Battery Market Research Report:
The 12V Lithium-Ion Battery Market is segmented into various segments global, regional, country, customer and carline/platform-specific market shares, volume forecasts and competitor landscapes for Lithium-Ion Battery, By Type, By Capacity, and By Industry.
Based on Type
· Lithium Nickel Manganese Cobalt
· Lithium Iron Phosphate
· Lithium Cobalt Oxide
· Lithium Titanate Oxide
· Lithium Manganese Oxide
· Lithium Nickel Cobalt Aluminum Oxide
Based on the Capacity
· Below 3,000 mAh
· 3,001 – 10,000 mAh
· 10,001 – 60,000 mAh
· Above 60,000 mAh
Based on the Application
· Consumer Electronics
· Automotive
· Aerospace
· Marine
· Medical
· Industrial
· Power
· Telecommunications
Based on Material
· Cathode material
· Anode material
· Electrolyte material
· Separator material
· Current collector material
· Other materials
Based on region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
Regional Analysis: Asia pacific to Dominate the Market
· The Lithium-Ion Battery market in the Asia-Pacific region has been identified as holding the largest market share, a testament to its robust presence in the industry.
· Furthermore, it is projected to display a substantial Compound Annual Growth Rate (CAGR) throughout the duration of the study period. This anticipated growth can be largely attributed to escalating environmental concerns, which are increasingly influencing market trends and consumer behavior.
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