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Industrial Lithium-Ion Battery Market Share

Report ID: GMI9528
Published Date: May 2024
Report Format: PDF

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Industrial Lithium-Ion Battery Market Share

Companies like General Electric, Panasonic, and LG Chem lead the industrial lithium-ion battery industry due to their extensive experience, technological expertise, and global reach. These industry giants have invested heavily in research and development, enabling them to develop high-performance battery solutions tailored to diverse applications. Moreover, their established manufacturing capabilities ensure efficient production and economies of scale, driving down costs, making it challenging for competitors to catch up.

Industrial Lithium-Ion Battery Market Companies

The major players operating in the industrial lithium-ion battery industry are:

A123 Systems, LLC
Akku Tronics New Energy Technology Co.
BYD Company Ltd.
Clarios
Ding Tai Battery Company Ltd.
Duracell, Inc.
EaglePicher Technologies, LLC
EnerDel
ENERGON
Energus Power Solutions, Ltd.
Exide Technologies
General Electric
Hitachi Energy Ltd.
Koninklijke Philips N.V.
LG Chem
Lithium Werks
Maxell, Ltd.
Padre Electronics Co., Ltd.
Panasonic Corporation
ProLogium Technology CO., Ltd.
Saft
Samsung SDI Co., Ltd.
Tesla
Toshiba Corporation

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of industrial lithium-ion battery reached USD 4 billion in 2023 and is set to witness 11% CAGR from 2024 to 2032, owing to the rising global shift towards renewable energy sources like solar and wind power that necessitates large-scale energy storage solutions.

The NMC segment and is expected to surpass USD 3.9 billion by 2032, due to offering a balance of high energy density, improved stability, and longer lifespan compared to other chemistries.

North America market is poised to record over USD 3.3 billion by 2032, attributed to investments in research and development, along with collaborations between industry players and academic institutions in the region.

Hitachi Energy Ltd., Koninklijke Philips N.V., LG Chem, Lithium Werks, Maxell, Ltd., Padre Electronics Co., Ltd., Panasonic Corporation, ProLogium Technology CO., Ltd., Saft, Samsung SDI Co., Ltd., Tesla, and Toshiba Corporation, are some of the major industrial lithium-ion battery companies worldwide.