According to a report released by Global Market Insights, Inc., the market value of the lithium-ion battery market will exceed $ 60 billion by 2024.
It is estimated that by 2024, the growth rate of the Japanese lithium-ion battery market will reach more than 8%. The industry is optimistic about the prospects of the automotive industry, and the increase in the application rate of smart devices will promote product demand. The Japanese government is committed to limiting emissions, and the future trend will shift to sustainable energy use, which will further promote the market growth of the lithium battery industry.
Currently, the industry is making continuous investments in distributed power generation, and "off-grid" power generation technology will promote the penetration of products into energy storage applications. The rapid expansion of microgrids will further provide industry growth momentum. Nickel manganese cobalt oxide, lithium iron phosphate and nickel cobalt aluminum oxide batteries will become the secondary batteries used in this type of application deployment.
In 2016, the market value of the lithium-ion battery market in the Middle East and Africa was more than 1 billion U.S. dollars. With the continued investment in the research and development of renewable energy grid infrastructure, it will continue to show growth. Investments in microgrids in remote areas will further boost demand for their products.
At present, the core players in the lithium-ion battery market include: Tesla, Panasonic, Samsung, Hitachi Chemical, GS Yuasa, Philips, A123 Systems, Sanyo, LG Chemicals, Enader (EnerDel), Toshiba, ProLogium, Valence, Exide, USA, Saft Battery, Energies Power, Roofer, Padre Electronics, Ding Tai, Johnson Controls And Duracell. (This picture is from businessanalyst24.com)