The global lithium battery market is expected to exceed 33.11 billion U.S. dollars in 2019

The latest market report, Global Lithium-ion Battery Market(cathode, anode and electrolytic solutions): Industrial Analysis, Size, Share, Growth, Development Trends and Forecasts 2013-2019, released by TransportyMarket Research(Transparency Market Research), shows that in 2012, The global market value of lithium-ion batteries is US$ 11.7 billion. In 2019, the output value is expected to reach US$ 33.11 billion, and the compound annual average growth rate(CAGR) from 2013 to 2019 will reach 14.4 %. Due to the huge development potential of lithium-ion batteries in the consumption, automotive and industrial fields, the demand for lithium-ion batteries in these areas has continued to grow. In 2012, the Asia-Pacific region became the largest lithium-ion battery market.

The market for lithium-ion batteries is being driven by major factors such as improved battery efficiency and increasing use in electric(EV) and hybrid(HEV) vehicles, energy, medical and military applications. In addition, strict regulations on carbon emissions imposed by national and regional governments such as European, North American and Chinese governments are also promoting the development of the market. At the same time, lithium-ion batteries have a longer life cycle than lead nickel, nickel cadmium and metal hydride nickel batteries, which is expected to drive future demand for lithium-ion batteries. The price of lithium-ion batteries is higher than other batteries, and there is a risk of overheating. These two factors are inhibiting the development of the global lithium-ion battery market. However, the price of lithium-ion batteries is gradually declining, which will have a positive impact on the future development of the market.

In regional terms, the Asia-Pacific region currently has the largest share of the lithium ion battery market, accounting for 49.0 % of the market share in 2012. Japan and China are important countries in promoting the development of the region. It is the world's leading producer of lithium-ion batteries. Manufacturers in these two countries are now focused on increasing their sales in multiple regions. In addition, hybrid cars are also becoming more popular in China, which is expected to promote the development of the Asia-Pacific lithium ion battery market. However, as a pioneer in the use of lithium-ion batteries, North America is expected to grow fastest(15.5 %).

AESC, A123 Systems LLC, GAYuasa Co., Ltd., Hitachi Chemil.Ltd.. ), Johnson Controls, Inc.. ), LGChemPower, Inc.. Panasonic Corporation, Samsung SDIC.Ltd.. (Samsung SDI Co.), Toshiba Corporation and China Bic Battery Co., Ltd. are currently the most popular companies in the lithium ion battery market. In 2012, the automotive energy supply company owned most of the output value of the lithium ion battery market. The number of companies doing business in the market has increased over the past few years, and more companies will enter the market in the future. However, international companies are likely to work with local firms to expand their market share in different regions.

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