DUBLIN--(BUSINESS WIRE)--The "Li-ion Battery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global market for Li-ion Battery, estimated at US$46.6 Billion in the year 2020, is projected to reach a revised size of US$127.8 Billion by 2027, growing at a CAGR of 15.5% over the analysis period 2020-2027.

Lithium Nickel Manganese Cobalt (NMC), one of the segments analyzed in the report, is projected to grow at a 17.1% CAGR, to reach US$52 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium Iron Phosphate (LFP) segment is readjusted to a revised 14% CAGR for the next 7-year period. This segment currently accounts for a 26.5% share of the global Li-ion Battery market.

The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 20% CAGR for the Period of 2020-2027

The Li-ion Battery market in the U.S. is estimated at US$12.6 Billion in the year 2020. The country currently accounts for a 26.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$29.8 Billion in the year 2027 trailing a CAGR of 20.3% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR while Rest of European market (as defined in the study) will reach US$29.8 Billion by the year 2027.

Select Competitors (Total 98 Featured)

• Coslight India Telecom Pvt. Ltd.
• Electrovaya, Inc.
• EnerDel, Inc.
• GS Yuasa Corporation
• Highpower International, Inc.
• Hitachi Chemical Co., Ltd.
• HYB Battery Co., Ltd.
• Johnson Controls, Inc.
• Kokam Co., Ltd.
• LG Chem
• Li-Tec Battery GmbH
• MINAMOTO Battery (HK) Ltd.
• Panasonic Corporation
• Samsung SDI Co., Ltd
• SK Innovation Co., Ltd.
• Sony Corporation
• Sunwoda Electronic Co., Ltd.
• Tianjin Lishen Battery Joint-Stock Co., Ltd.
• Toshiba Corporation
• A123 Systems LLC
• Automotive Energy Supply Corporation (AESC)
• Blue Energy Canada, Inc.
• BYD Co., Ltd.
• Cell-Con, Inc.
• CNEBIKES Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/6g9akx

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