Lithium-Ion Battery Market Size to 2027
Lithium-Ion batteries are a kind of rechargeable battery which is being widely used in various industries for various purposes. Lithium-Ion batteries have proven to be very efficient with good life cycle which is creating a positive impact on the market and is helping to create demand.
In the last few years, the market for lithium-ion batteries has seen tremendous growth due to the increasing demand for consumer electronic products around the world, as well as emerging concepts of IoT and smart cities where the supply of power is an important concern. High growth in the automotive sector and electric vehicles is also one of the major driving factors for the market.
As the new technologies and products are emerging which need a portable power source, lithium-ion batteries are becoming an important source of energy. Furthermore, government initiatives towards the use of 'natural' energy and increasing scarcity of fossil fuel is also pushing companies to develop energy efficient systems which can support the growing demand for energy.
The global Industry is segmented into type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Lithium-Ion Battery Market Forecasts 2027. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Lithium-Ion Battery Market.
Top market players include: Panasonic Sanyo (Japan), Automotive Energy Supply Corporation (AESC) (Japan), LG Chem. (South Korea), SAMSUNG SDI Co., Ltd. (South Korea), Li-Tec Battery GmbH (Germany), Toshiba (Japan), A123 Systems (U.S.), GS Yuasa (Japan), SK Energy (South Korea), BYD (China), Sony Corporation (Japan), Beijing Pride Power (BPP) (China), BAK Group (China), Toshiba Corporation (Japan), Valence Technology, Inc.(U.S.), Hitachi Chemical Co. Ltd.(Japan), Johnson Controls, Inc.(U.S.), Saft Groupe SA (France), TDK Corporation(Japan)
The global Lithium-Ion Battery Industry faces challenges from vendor dependency, security issues, and other factors, which have restrained market growth.
The market benefits from the increasing research and development activities, resulting in the introduction of environmentally-friendly products that not only dissipate lower amount of heat but have enhanced mechanical properties. Another key trend is the increasing focus on the electrification of vehicles, which is also giving rise to the production of light-weight vehicles and automotive brake friction products.
[edit] Related articles on Designing Buildings
Featured articles and news
Combating burnout.
The 5 elements of seiri, seiton, seiso, seiketsu and shitsuke.
Shading for housing, a design guide
A look back at embedding a new culture of shading.
The Architectural Technology Awards
The AT Awards 2025 are open for entries!
ECA Blueprint for Electrification
The 'mosaic of interconnected challenges' and how to deliver the UK’s Transition to Clean Power.
Grenfell Tower Principal Contractor Award notice
Tower repair and maintenance contractor announced as demolition contractor.
Passivhaus social homes benefit from heat pump service
Sixteen new homes designed and built to achieve Passivhaus constructed in Dumfries & Galloway.
CABE Publishes Results of 2025 Building Control Survey
Concern over lack of understanding of how roles have changed since the introduction of the BSA 2022.
British Architectural Sculpture 1851-1951
A rich heritage of decorative and figurative sculpture. Book review.
A programme to tackle the lack of diversity.
Independent Building Control review panel
Five members of the newly established, Grenfell Tower Inquiry recommended, panel appointed.
Welsh Recharging Electrical Skills Charter progresses
ECA progressing on the ‘asks’ of the Recharging Electrical Skills Charter at the Senedd in Wales.
A brief history from 1890s to 2020s.
CIOB and CORBON combine forces
To elevate professional standards in Nigeria’s construction industry.
Amendment to the GB Energy Bill welcomed by ECA
Move prevents nationally-owned energy company from investing in solar panels produced by modern slavery.
Gregor Harvie argues that AI is state-sanctioned theft of IP.
Experimental AI housing target help for councils
Experimental AI could help councils meet housing targets by digitising records.