Market Size of Japan Lithium-ion Battery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 11.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Lithium-ion Battery Market Analysis
Japan's Lithium-ion Battery market is expected to rise at a CAGR of 11% during the forecast period of 2022-2027. Like many other industries, the Lithium-ion Battery market has been dramatically hit by COVID-19 pandemic. The COVID-19 outbreak severely impacted automotive and consumer electronics sales in Japan, which slightly hindered the market as the movement of raw materials and components became difficult due to lockdowns and restrictions. On the other hand, the increasing adoption of electric vehicles is expected to drive the lithium-ion battery market in the country. Factors such as the decline in lithium-ion battery prices are expected to drive the market during the forecasted period for the lithium-ion battery market.
- The automotive segment is the fastest-growing in the Japan Lithium-ion Battery market during the forecast period. With the increasing penetration and demand for electric vehicles (EV), the country is expected to witness significant growth.
- In May 2021, the researchers at the Japan Advanced Institute of Science and Technology (JAIST) has developed a material helping batteries to retain their original capacity up to 95% for an average of five years, thus extending the battery life inside the device, be it a smartphone, laptop, or even electric vehicle. Thus Advancements in the research and development of battery chemistries are expected to be a significant growth opportunity for the Japan Lithium-ion Battery market.
- Japan aims to reduce greenhouse gas emissions to net-zero by 2050 and realize a carbon-neutral, decarbonized society. Thus, increasing electric vehicles' adoption is likely to drive the lithium-ion battery market.
Japan Lithium-ion Battery Industry Segmentation
The Lithium-ion Battery market report includes:
Japan Lithium-ion Battery Market Size Summary
The Japan Lithium-ion Battery market is poised for significant growth, driven by the increasing adoption of electric vehicles and advancements in battery technology. The market, which faced challenges due to the COVID-19 pandemic, is expected to recover and expand, with the automotive segment leading the charge. The decline in lithium-ion battery prices and innovations in battery chemistries, such as those developed by the Japan Advanced Institute of Science and Technology, are anticipated to further propel the market. Japan's commitment to reducing greenhouse gas emissions and achieving a carbon-neutral society by 2050 aligns with the growing demand for electric vehicles, which rely heavily on lithium-ion batteries for their high energy density and efficiency.
Japan's strategic initiatives, including the development of common ultra-fast charging standards and government subsidies for clean energy vehicles, are expected to bolster the lithium-ion battery market. The country's focus on replacing internal combustion engine vehicles with electric vehicles is supported by significant investments and policy measures aimed at reducing emissions. Key players in the market, such as Maxell, Ltd., Toshiba Corporation, and Panasonic Corporation, are actively contributing to the industry's growth. Additionally, innovative projects, like Tesla's energy storage facility and APB Corporation's plastic lithium-ion batteries, highlight the dynamic nature of the market. As Japan continues to enhance its electric vehicle infrastructure and battery technology, the lithium-ion battery market is set to experience robust expansion during the forecast period.
Japan Lithium-ion Battery Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION BY APPLICATION
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2.1 Electronic Devices
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2.2 Automotive
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2.3 Energy storage systems
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2.4 Others
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Japan Lithium-ion Battery Market Size FAQs
What is the current Japan Lithium-ion Battery Market size?
The Japan Lithium-ion Battery Market is projected to register a CAGR of greater than 11% during the forecast period (2024-2029)
Who are the key players in Japan Lithium-ion Battery Market?
Maxell, Ltd, Toshiba Corporation, GS Yuasa International Ltd, Panasonic Corporation and LG Energy solution are the major companies operating in the Japan Lithium-ion Battery Market.
