IDTechEx Report Reveals Surging Li-ion Battery Market (Controlled by China)

Growth in the Li-ion industry has occurred despite considerable headwinds over the past year due to high prices and volatility for some key raw materials. Lithium and nickel, in particular, saw substantial price increases over 2021 and 2022, impacting cell and battery prices. This has created a driver for the adoption of lower cost battery technologies such as lithium iron phosphate, which has seen a resurgence in China and is gaining popularity in Europe and America among automakers, as well as in the stationary storage sector. However, a shift to LFP would further consolidate China's leading position with the vast majority of LFP cathode and batteries produced in China. Options, including high-manganese cathodes, high voltage LNMO, and silicon based anodes, are being explored and commercialized in efforts to not only improve performance but reduce costs and supply chain risks.

Growth in the Li-ion industry has occurred despite considerable headwinds over the past year due to high prices and volatility for some key raw materials. Lithium and nickel, in particular, saw substantial price increases over 2021 and 2022, impacting cell and battery prices. This has created a driver for the adoption of lower cost battery technologies such as lithium iron phosphate, which has seen a resurgence in China and is gaining popularity in Europe and America among automakers, as well as in the stationary storage sector. However, a shift to LFP would further consolidate China's leading position with the vast majority of LFP cathode and batteries produced in China. Options, including high-manganese cathodes, high voltage LNMO, and silicon based anodes, are being explored and commercialized in efforts to not only improve performance but reduce costs and supply chain risks.

To learn more about the Li-ion market, technology developments, players, and applications, please see the new IDTechEx report "Li-ion Battery Market 2023-2033: Technologies, Players, Applications, Outlooks and Forecasts". Sample pages and further information about this report can be found at www.IDTechEx.com/Lithium.

This report forms part of the IDTechEx energy storage portfolio. To find out more, please visit www.IDTechEx.com/Research/ES.

Images download:

https://www.dropbox.com/scl/fo/znty1bu46top2mp1hfjnq/h?dl=0&rlkey=i7x6sv0qrgu66arqxy9198use

About IDTechEx

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact [email protected] or visit www.IDTechEx.com.

Media Contact:

Lucy Rogers
Sales and Marketing Administrator
[email protected] 
+44(0)1223 812300

Social Media Links:

Twitter: www.twitter.com/IDTechEx
LinkedIn: www.linkedin.com/company/IDTechEx
Facebook: www.facebook.com/IDTechExResearch 

Photo: https://mma.prnewswire.com/media/1942835/IDTechELi_ion_Battery_Market_2023.jpg
Logo: https://mma.prnewswire.com/media/478371/IDTechELogo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/idtechex-report-reveals-surging-li-ion-battery-market-controlled-by-china-301673063.html