The report titled “South Korea Lithium Ion Cell and Battery Market Outlook to 2022 – by Type of Batteries (Li-NMC, LFP, LCO and Others), Power Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and More than 60,000 mAh) and Application Areas (Consumer Electronics, ESS/UPS, Automotive Sector, Industrial Sector and Others)” provides a comprehensive analysis on South Korea Lithium Ion Cell and Battery Market. The report covers various aspects including overview and genesis of lithium ion batteries in South Korea, South Korea lithium ion battery market size, South Korea lithium ion battery market segmentation (by Type of Batteries, Power Capacity and Application Areas) and competitive landscape of major players in the South Korean lithium ion call and battery market. The major players covered in South Korea lithium ion cell and battery market are Samsung SDI Company Limited, LG Chem Limited, SK Innovation Company Limited, Kokam Company Limited, Enertech International, Inc. and Routejade. The report also covers trends and developments, issues and challenges, regulatory framework, manufacturing process, SWOT analysis, a snapshot on Global Lithium Ion Cell and Battery Landscape, future outlook and analyst recommendations.
South Korea Lithium Ion Cell and Battery Market Size and Overview
The market for lithium ion cells and batteries in South Korea is at its early growth stage. The market is concentrated with a small number of large companies which have strong domestic as well as global presence. The market grew at a double digit growth rate during CY’2012 – CY’2017 with the surge in the growth in end user application areas such as ESS (Energy Storage System) and EVs (Electric Vehicles) as well as consumer electronics.
South Korea Lithium Ion Cell and Battery Market Segmentation
By Type of Batteries: The lithium ion cell and battery market in South Korea has been segmented by types of batteries into Li-NMC, LFP, LCO and Others. Revenue from Li-NMC has accounted for the highest share in the market because it is considered to be the safest battery and is used in a large number of applications including EVs and consumer electronics.
By Battery Capacity: The market has also been segmented by battery capacity into 0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and More than 60,000 mAh. Of these, 3,000 – 10,000 mAh accounted for the highest share of the market by revenue due to its common usage in consumer electronics. All companies present in the market manufacture batteries of this capacity.
By Application Areas: In the market segmentation by application areas, Consumer Electronics had the highest revenue share with lithium ion batteries used in almost all portable devices including power banks, mobile phones, smartphones and laptops digital cameras. ESS/UPS category captured the second highest share followed by automotive sector and then industrial sector. Within Consumer Electronics, mobile phones accounted for the highest revenue share followed by laptops and tablets. Utility and Commercial was the leading category by revenue under ESS/UPS due to widespread usage of lithium ion batteries in large utility scale projects. Under Automotive sector, Hybrid Electric Vehicles category accounted for the highest share by revenue. Construction Equipment held the highest share in the Industrial Sector segment because of common usage of lithium ion batteries in housing and commercial construction projects.
Competitive Landscape in South Korea Lithium Ion Cell and Battery Market
The South Korean lithium ion battery market is concentrated with a few large players competing in the market. Two of these major players accounted for majority of the revenue share in the lithium ion battery market in South Korea in CY’2017. Companies compete on the basis of configuration of batteries, durability, quality, recharge cycle as well as number of applications they can cater to. Firms also invest in promotional strategies such as advertisements to increase consumer awareness of their products.
Future Outlook
The South Korean lithium ion battery market is expected to grow at a positive double digit CAGR during the forecast period. Growth in the market is expected to be driven by developments in end user applications. The consumer electronics segment is expected to contribute through increased number of mobile phone and laptop users. However, the major growth drivers the ESS and EV segment which will positively impact the market through furthered implementation and effect of the government’s Green Energy Policy as well as rising environment awareness of the population as a whole.
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Global Lithium Ion Cell and Battery Landscape
South Korea Lithium Ion Cell and Battery Market Overview
South Korea Lithium Ion Cell and Battery Market Size
South Korea Lithium Ion Cell and Battery Market Segmentation
Manufacturing Process of Lithium Ion Batteries
Trade Scenario in South Korea Lithium Ion Cell and Battery Market
Trends and Developments in South Korea Lithium Ion Cell and Battery Market
Issues and Challenges in South Korea Lithium Ion Cell and Battery Market
Regulatory Framework in South Korea Lithium Ion Cell and Battery Market
SWOT Analysis in South Korea Lithium Ion Cell and Battery Market
Cost Breakdown for Lithium Ion Battery in South Korea with Split by Manufacturing Cost
Decision Making Parameters for Buyer of Lithium Ion Cells and Batteries in South Korea
Competitive Landscape of South Korea Lithium Ion Cell and Battery Market
Company Profiles of Major Players in South Korea Lithium Ion Cell and Battery Market
South Korea Lithium Ion Cell and Battery Market Future Outlook
Brief Description of South Korea’s Green Energy Policy
Analyst Recommendations
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