Rechargeable Poly Lithium Ion Battery Market

Poly lithium ion battery is a rechargeable battery with lithium-ion technology, which uses a polymer electrolyte instead of a liquid electrolyte. This electrolyte is formed by high conductivity semisolid (gel) polymers. These batteries offer superior specific energy as compared to other lithium battery types. It is majorly used in applications in which weight is highly considered, such as radio-controlled aircraft and mobile devices. Lithium ion polymer batteries come in smaller capacity, which enables them to fit into smaller devices, such as iPods.

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The major factor contributing to the growth of the global rechargeable poly lithium ion battery market is the increasing demand for these batteries by electric vehicle manufacturers and grid storage as they are lightweight and provides high-energy density solutions. The cost of lithium ion batteries has significantly decreased and there has been an increase in the registration of electric vehicles. These factors are responsible for the growth of the global rechargeable poly lithium ion battery market. People have become highly aware of environmental concerns, which has changed their preference to opt for eco-friendly and energy-efficient products. This is likely to surge the growth of the global rechargeable poly lithium ion battery market. Moreover, poly lithium ion batteries have a high energy density, which enables them to provide characteristics such as low temperature, cycle, and load. This feature is increasing the adoption of these batteries in mobile phones, laptops, and other portable devices as it becomes a prominent source of power for audio and video equipment. These batteries are compact in size, lightweight, and energy-efficient. All these features are propelling the growth of the global rechargeable poly lithium ion battery market.

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Based on the structure, the market is segmented into cylindrical and prismatic. The cylindrical segment is expected to grow at a higher CAGR over the forecast period. This product is majorly preferred in electric vehicles and consumer electronics. The increasing demand for consumer electronic devices, such as laptops, is growing the need for this product. Laptops and netbooks are highly used in enterprises as well as personal spaces, which is expected to increase the production of this product. These factors are significantly contributing to the growth of the cylindrical segment in the global rechargeable poly lithium ion battery market.

Based on the application, the market is segmented into electric vehicles, consumer electronics, power, industrial, and others. The electric vehicles segment is anticipated to witness a faster CAGR over the forecast period. The growing demand for electric vehicles due to increasing environmental concerns is contributing to the growth of poly lithium ion batteries. Poly lithium ion batteries are environmentally friendly and energy efficient, which is increasing the adoption of these batteries in electric vehicles. All these factors play a crucial role in surging the growth of the electric vehicles segment in the global rechargeable poly lithium ion battery market.

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Based on the region, Asia-Pacific region is projected to grow at a higher CAGR during the forecast period. This is mainly due to the growing awareness among customers to sustain an eco-friendly environment. People in this region have high disposable income, which enables them to afford the product. The rising demand for mobiles and tablets across several countries, which includes Japan, India, Thailand, and China, is contributing to the growth of this market. Several companies have increased the production capacity of poly lithium ion batteries in China owing to the growing demand for these batteries by electric vehicle manufacturers. These factors are likely to boost the growth of the global rechargeable poly lithium ion battery market in Asia-Pacific.

Various notable players operating in the market include Sony Corporation, Fujifilm Corporation, Nikon Corporation, Motorola Solutions, Inc., Olympus Corporation, Maxell Holdings, Ltd., Toshiba Corporation, Shenzhen Honcell Energy Co., Ltd., Nippon Chemical Industrial Co., Ltd., and LiPol Battery Co., Ltd., among others. 

Key Developments:

• • In 2018, Toshiba launched its new separator free lithium-ion rechargeable battery, SCiB, which replaces the insulating separator between the cathode and anode of the battery. This new structure boosts the performance of the battery and reduces the cost of the insulator.

The global rechargeable poly lithium ion battery market has been segmented on the basis of structure, application, and regions. Based on structure, the market is segmented into cylindrical and prismatic. Based on application, the market is segmented into electric vehicles, consumer electronics, power, industrial, and others. Based on region, the global rechargeable poly lithium ion battery market is segmented into North America, Europe, Asia-Pacific, and roW. 

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Key questions answered in this research report:

• • At what pace is global rechargeable poly lithium ion battery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in rechargeable poly lithium ion battery market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global rechargeable poly lithium ion battery market?
  • Which structure generated maximum revenues in 2019 and identify the most promising structure during the forecast period?
  • What are the various application areas of global rechargeable poly lithium ion battery market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Rechargeable Poly Lithium Ion Battery Market by Structure

• • Cylindrical
  • Prismatic

Global Rechargeable Poly Lithium Ion Battery Market by Application

• • Electric Vehicles
  • Consumer Electronics
  • Power
  • Industrial
  • Others

Global Rechargeable Poly Lithium Ion Battery Market by Region

• • North America Rechargeable Poly Lithium Ion Battery Market (Option 1: As a part of the free 25% customization)
    • North America Rechargeable Poly Lithium Ion Battery Market by Structure
    • North America Rechargeable Poly Lithium Ion Battery Market by Application
    • US Rechargeable Poly Lithium Ion Battery Market All-Up
    • Canada Rechargeable Poly Lithium Ion Battery Market All-Up
  • Europe Rechargeable Poly Lithium Ion Battery Market (Option 2: As a part of the free 25% customization)
    • Europe Rechargeable Poly Lithium Ion Battery Market by Structure
    • Europe Rechargeable Poly Lithium Ion Battery Market by Application
    • UK Rechargeable Poly Lithium Ion Battery Market All-Up
    • Germany Rechargeable Poly Lithium Ion Battery Market All-Up
    • France Rechargeable Poly Lithium Ion Battery Market All-Up
    • Spain Rechargeable Poly Lithium Ion Battery Market All-Up
    • Rest of Europe Rechargeable Poly Lithium Ion Battery Market All-Up
  • Asia-Pacific Rechargeable Poly Lithium Ion Battery Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Rechargeable Poly Lithium Ion Battery Market by Structure
    • Asia-Pacific Rechargeable Poly Lithium Ion Battery Market by Application
    • China Rechargeable Poly Lithium Ion Battery Market All-Up
    • India Rechargeable Poly Lithium Ion Battery Market All-Up
    • Japan Rechargeable Poly Lithium Ion Battery Market All-Up
    • Rest of APAC Rechargeable Poly Lithium Ion Battery Market All-Up
  • RoW Rechargeable Poly Lithium Ion Battery Market (Option 4: As a part of the free 25% customization)
    • RoW Rechargeable Poly Lithium Ion Battery Market by Structure
    • RoW Rechargeable Poly Lithium Ion Battery Market by Application
    • Brazil Rechargeable Poly Lithium Ion Battery Market All-Up
    • South Africa Rechargeable Poly Lithium Ion Battery Market All-Up
    • Saudi Arabia Rechargeable Poly Lithium Ion Battery Market All-Up
    • UAE Rechargeable Poly Lithium Ion Battery Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Rechargeable Poly Lithium Ion Battery Market All-Up

Major Players Operating the Rechargeable Poly Lithium Ion Battery (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sony Corporation
  • Fujifilm Corporation
  • Nikon Corporation
  • Motorola Solutions, Inc.
  • Olympus Corporation
  • Maxell Holdings, Ltd.
  • Toshiba Corporation
  • Shenzhen Honcell Energy Co., Ltd.
  • Nippon Chemical Industrial Co., Ltd.
  • LiPol Battery Co., Ltd.