The world’s top 10 Power Lithium battery manufacturing companies include China’s CATL, BYD Company, Panasonic, and Guoxuan, with a total of five large lithium battery companies. CATL had sales of 32.5 GWH last year and a market share of 27.87%, firmly ranking first in the world.
Therefore, based on the above mentioned factors, Thailand is expected to dominate the lithium-ion battery market in the Southeast Asian region during the forecast period. The Southeast Asia lithium-ion battery market is fragmented.
The top 100 lithium battery manufacturers operate primarily in China, Japan, and South Korea. These countries collectively account for nearly 90% of the market share in the global lithium battery production and power lithium battery field.
The Southeast Asia lithium-ion battery market is expected to register a CAGR of 15% during the forecast period. The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.
The size of South Korea's lithium-ion battery market is about 116.6 GWH, according to research published by SNEResearch. The top 10 companies in the market accounted for 86.87% of global sales, with combined sales of 101.3 GWH. Global sales of lithium-ion batteries were approximately this amount.
The Southeast Asia lithium-ion battery market is fragmented. Some major players (in no particular order) include BYD Co. Ltd., LiRON LIB Power Pte Ltd, Saft Groupe SA, Samsung SDI Co., Ltd., and GS Yuasa Corporation. Need More Details on Market Players and Competitors?
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