With the slowdown in world economic growth, the Prismatic LiCoO2 Battery industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Prismatic LiCoO2 Battery market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Prismatic LiCoO2 Battery market size will be further expanded, we expect that by 2023, The market size of the Prismatic LiCoO2 Battery will reach XXX million $.
Overview
Lithium-cobalt oxide is one of the common types of lithium-ion batteries. Prismatic LiCoO2 battery is typically used in mobile phones, laptops, and digital cameras. This battery is comprised of graphite carbon anode and cobalt oxide cathode. Prismatic Li-Ion Battery has a lower cost per unit compared to the other Li-Ion batteries since prisms are more durable and have better cycle life than other Li-Ion batteries. The global prismatic LiCoO2 battery market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global prismatic LiCoO2 battery market is expected to witness significant growth during the forecast period, owing to rising disposable income worldwide.
Market Drivers
Increasing demand for electric and plug-in vehicles is expected to drive growth of the global prismatic LiCoO2 battery market during the forecast period. According to the U.S. Department of Transpiration’s Bureau of Transportation statistics, electric car sales reached 242,000 in 2019, increasing from 104,000 in 2017. According to the same source, plug-in hybrid electric car sales reached 122,000 in 2018, increasing from 72,900 in 2016. Both plug-in and electric vehicles use prismatic LiCoO2 batteries to store energy. Thus, these factors are expected to drive growth of the global prismatic LiCoO2 battery during the forecast period. Furthermore, rising disposable income leading to increased expenditure on consumer electronics is expected to propel the global prismatic LiCoO2 battery market growth over the forecast period.
Market Restraint
Low thermal stability of these batteries is expected to restrain growth of the global prismatic LiCoO2 battery market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness robust growth in the global prismatic LiCoO2 battery market during the forecast period. This is owing to rising adoption of electric and plug-in vehicles across the region. Furthermore, Asia Pacific is expected to register a significant growth rate over the forecast period, owing to increasing demand for prismatic LiCoO2 batteries from the automobile industry in the region.
Competitive Section
Major companies operating in the global prismatic LiCoO2 battery market are Panasonic, Padre Electronic, Samsung SDI, CHAM BATTERY, LG Chem, Zhuoneng New Energy, Sony, Wanxiang Group, DLG Electronics, Hitachi, OptimumNano, Tianjin Lishen, LARGE, and Hefei Guoxuan.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Panasonic(Sanyo)
Samsung SDI
LG Chem
Sony
Wanxiang Group(A123)
Hitachi
Tianjin Lishen
Hefei Guoxuan
LARGE
OptimumNano
DLG Electronics
Zhuoneng New Energy
CHAM BATTERY
Padre Electronic
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
14430.0
14650.0
17500.0
18650.0
18490.0
Industry Segmentation
Power Banks
Laptop Battery Packs
Electric Vehicles
Flashlights
Cordless Power Tools
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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