Below are some of the key findings from this prismatic lithium-ion battery market analysis report

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Global prismatic lithium-ion battery industry overview

The shift of the automotive industry toward EVs is one of the key factors triggering prismatic lithium-ion battery market growth during the forecast period. Rising environmental concerns & increasing GHG emissions across the globe have induced countries to focus on using fossil fuels alternatives in transportation. The only feasible replacement for fossil-fuel powered vehicles is EVs, which include BEVs, HEVs, and PHEVs. Many countries are setting up mandates to moderate the transition of the automotive industry from diesel and petrol vehicles to electric vehicles. Due to the increase in adoption of EVs vehicles, it will steadily increase the growth of prismatic lithium-ion battery market during the next five years.  Thus, the market players are increasing their efforts to produce more prismatic Li-ion battery cells to cater to the growing demand from the automotive industry. Thus, the increased EV sales will drive the growth of the global prismatic lithium-ion battery market at a CAGR of over 7% during the forecast years.

Top prismatic lithium-ion battery companies covered in this market research report

The prismatic lithium-ion battery market is fairly fragmented. To meet the evolving needs of end-users are focusing on leveraging advanced technologies to offer high-quality products. By providing a complete analysis of the market’s competitive landscape and with information on the applications provided by the companies, this prismatic lithium-ion battery market forecast report will allow the clients to identify new growth opportunities and design innovative strategies for improving their share in the market.

The report offers a complete analysis of various companies including:

• BYD
• LG Chem
• Maxell Holdings
• Panasonic
• SAMSUNG SDI

Prismatic lithium-ion battery market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a comprehensive study of the growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the APAC region will contribute to the highest growth of this market throughout the forecast period. The growing demand for renewable energy, EVs, and consumer electronics are some of the factors driving prismatic lithium-ion battery market growth in this region.

Prismatic lithium-ion battery market segmentation based on applications

• Automotive
• Non-automotive

The non-automotive segment will account for the highest prismatic lithium-ion battery market growth. The report provides an accurate prediction of the contribution of the various application segments to the growth of the prismatic lithium-ion battery market size.

Key highlights of the global prismatic lithium-ion battery market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the prismatic lithium-ion battery market during the next five years
• Precise estimation of the global prismatic lithium-ion battery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the prismatic lithium-ion battery industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of prismatic lithium-ion battery companies

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