YOLE: The Compound Annual Growth Rate Of Lithium-Ion Battery Market 2023-29 Is 11.6%

Yole Developpement said that the market market of BEV and PHEV's lithium -ion battery packs is expected to increase from about $ 97 billion in 2023 to US $ 188 billion in 2029, and the compound annual growth rate from 2023 to 2029 was 11.6%.

Yole Developpement said that the market market of BEV and PHEV's lithium -ion battery packs is expected to increase from about $ 97 billion in 2023 to US $ 188 billion in 2029, and the compound annual growth rate from 2023 to 2029 was 11.6%.

The Asian market is led by China: China occupies 60%of the market share in lithium ion batteries, followed by South Korea, accounting for 25%, and Japan accounts for 7%.

Lithium ion batteries require BMS to achieve performance.Wired BMS is a standard configuration, and wireless options are expected to achieve lighter and more reliable electric vehicles.

A large part of the global battery group component market will be driven by battery, accounting for 55%of the PHEV battery group market, and BEV accounts for 70%.

Although the price of batteries per kilowatt -hour has declined, the overall battery capacity of each battery pack is increasing, maintaining the high cost share of batteries in the battery pack. Yole's Shalu Agarwal said that it emphasizes that lithium ion batteries are sustainable to sustainable.The key role in the transformation of transportation solutions, as well as the demand for high -efficiency and reliable battery technology in the automotive industry, has risen.

In its new "XEV Battery Group" report, Yole reviewed all battery pack components used in BEV and PHEV.

It includes analysis from battery -level to the end battery pack, covering the entire supply chain, market forecast and technical trend of all battery components in the automotive industry.

It also introduces the impact of lithium price decline on the battery market in detail.In addition, it also covers immersion cooling and provides insights on recycling reports, including the effects of various battery chemical composition, format and integration method.

Optimizing the method of lithium ion battery pack requires multiple methods, and consider factors such as manufacturing, materials, safety characteristics and structural design.The performance of the battery group depends on battery chemistry, vehicle integration, and key components, such as BMS, thermal management system, interconnection and safety mechanism

Multiple modules composed of various batteries are connected together to form a modular method for forming the battery pack.The method of battery -to -battery group, that is, the method of directly integrated batteries to the battery pack is growing, and has 20% of the market share in 2023, and alternatives such as battery base plate methods are also appearing, Agarwal said.Although NMC cathode chemistry dominates in high -continuation electric vehicles, due to concerns about the stability of nickel and cobalt supply, cobalt -free options such as LFP and variants are obtained.

In order to improve the service life and efficiency, a strong BMS is required. Generally, the modular owner is the topology structure.Although wired BMS is a standard configuration, wireless iterations show the prospects, reduce weight and enhance reliability to extend driving mileage.

Electrical interconnection varies from XEV battery packs; unit -level connections usually use wires, while modules use bus or high -power cables.The bus row is favored by many people because of its potential to reduce the height of the battery pack and enhance thermal conductivity.

It is important to keep the lithium -ion battery within the safe temperature range, because the XEV battery pack mainly uses liquid cooling.With the vigorous development of the battery recycling market, the scrapped XEV battery pack has huge potential.

Re -use the battery for secondary production applications can increase substantial value to recycling, while using the traditional route of manufacturing waste.