The future of the global electrochemical cell market looks promising with opportunities in the consumer electronic, automotive, industrial, medical device, and aerospace and defense markets. The global electrochemical cell market is expected to reach an estimated $59.2 billion by 2030 with a CAGR of 14.6% from 2024 to 2030. The major drivers for this market are rising demand of electric vehicles, growing need for energy storage solutions, and innovations in battery technology.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the electrochemical cell
market by type (primary cells and secondary cells), electrolyte type (liquid
electrolyte cells and solid-state cells), voltage capacity (low voltage cells,
medium voltage cells, and high voltage cells), end use (consumer electronics,
automotive, industrial, medical devices, aerospace and defense, and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, liquid
electrolyte cell and solid-state cell are the major segments of electrochemical
cell market by electrolyte type. Lucintel forecasts that liquid electrolyte
cell will remain the larger segment over the forecast period as it is
considerably inexpensive to produce.
Within this market,
automotive industry is expected to witness highest growth due to growing demand
for electric vehicles (EVs) and hybrid electric vehicles (HEVs).
APAC is expected to
witness highest growth over the forecast period due to growth of the industrial
sector and presence of manufacturing hub in the region.
Panasonic, Samsung, LG,
Tesla, BYD, Johnson Controls International, and Saft are the major suppliers in
the electrochemical cell market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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