Industry and News Lithium Ion Battery Market | Page 3

Another segment “industrial” is segmented into mining equipment, cranes & forklift, smart grid and
renewable energy storage. Based on geography, the lithium-ion market is segmented into Europe,
Middle East & Africa, North America, Asia Pacific, and Latin America. Asia Pacific is the leading
region and expected to rule the roost in the lithium-ion battery market in the upcoming years. This
could be attributed to the growing demand for electronic devices, stringent government regulations
to control pollution level, focus of reducing greenhouse gas (GHG) emissions, and presence of
manufacturers who provide lithium-ion battery at lower prices are expected to drive the lithium-ion
battery market over the forecast period.
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Market Segment:
The major manufacturers covered in this report
• Panasonic Corporation
• Samsung SDI Co. Ltd.
• LG Chem
• Sony Energy Devices Corporation
• Maxwell Technologies Inc.
• Shenzhen BAK Battery Co. Ltd.
• Tianjin Lishen Battery Co. Ltd.
• BYD Company Limited
• Amperex Technology Limited
• Tesla Inc.