WILMINGTON, DE / ACCESSWIRE / October 3, 2022 / Market Research Inc. - Focus of policymakers and industry players in several countries on reducing the carbon emissions of transport vehicles has generated momentum to the commercialization of automotive lithium-ion battery (LIB) cells. Stridently, various government policy initiatives in developing and developed regions to ramp up the production of EVs, notably in a bid to reduce reliance on fossil fuels, will shape market demand for automotive lithium-ion battery cells. The automotive lithium-ion battery cell market is projected to reach a value of US$ 550.54 Bn by the end of 2031.
An assortment of Li-ion chemistries has been introduced that promise to meet the demanding requirements of battery performance and cost in battery-powered EVs. This is expanding the avenues. A major marketing strategy for automotive LIB cell manufacturers comprises offering a combination of cost, energy density, and stability of the battery packs to OEMs and vehicle manufacturers.
This aside, emphasis on increasing the performance range of vehicles will extend the horizon for players in market. Of note, the need for cutting-edge battery chemistries for next-generation long-range EVs will influence future of automotive lithium-ion battery cells. Recent trends in the automotive lithium-ion battery cell market indicate that lithium nickel manganese cobalt oxide (NMC) have emerged as a popular chemistry. Many key vendors in automotive lithium-ion battery cell market are geared toward combining various batteries to expand their share.
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Key Findings of Automotive Lithium-ion Battery Cell Market Study
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Automotive Lithium-ion Battery Cell Market: Drivers
Automotive Lithium-ion Battery Cell Market: Regional Growth Dynamics
Automotive Lithium-ion Battery Cell Market: Key Players
Some of the prominent market players are Panasonic Corporation, Tianjin Lishen Battery Co. Ltd., Future Hi-Tech Batteries Limited, Johnson Controls Inc., GS Yuasa International Ltd., Hitachi Chemical Co. Ltd., Toshiba Corporation, Samsung SDI Co. Ltd., Energizer Brands, LLC, and Duracell Inc.
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Automotive Lithium-ion Battery Cell Market Segmentation
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