Global lithium-ion battery market revenue is expected to increase at an impressive 17.9% compound annual growth rate from 2018 to 2025. Market growth is fueled by rising demand for energy storage around the world, electric vehicle production, and demand for industrial power tools and electric forklifts. Technological advancements have allowed batteries to have longer life, higher energy density, and quick charging capabilities, though safety concerns related to headline-making fires and explosions in electronic devices have continued to present a challenge.
For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A). Of the more than 100 companies that are active in this market, Frost & Sullivan selected 16 for further examination based on their recent innovations and growth strategies. Frost & Sullivan evaluated and positioned these 16 companies along 2 major indexes: Growth and Innovation. The companies included in this Radar are Panasonic Corporation, Samsung SDI, LG Chem, Hitachi Chemical, GS Yuasa International, TDK Corporation, Saft Batteries, BYD, OptimumNano Energy Co., China Aviation Lithium Battery Co., Contemporary Amperex Technology Ltd (CATL), Hefei Guoxuan High-Tech Power Energy Co., Tianjin Lishen Battery Joint-Stock Co., SK Innovation, Beijing National Battery Technology Co., and Shenzhen BAK Battery Co. Ltd.
LG Chemical, Panasonic, Samsung, and CATL are the top 4 battery manufacturers. Their aggressive production capacity expansion targets will help them remain the market leaders. Installed production capacity of top 10 suppliers will increase from 150 GWh in 2018 to about 740 GWh by 2025.
The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
Author: Rajalingam Chinnasamy
Industry Overview
The Frost Radar
Description of Companies Plotted
Panasonic Corporation
LG Chemical
Saft
Samsung SDI
Hitachi Chemical
GS Yuasa International Ltd
BYD
OptimumNano
TDK Corporation
CALB
Contemporary Amperex Technology Ltd
Hefei Guoxuan High-Tech Power Energy Co. Ltd
Tianjin Lishen Battery Joint-Stock Co., Ltd
SK Innovation
Beijing National Battery Technology Co. Ltd
Shenzhen BAK Battery Co. Ltd
The Last Word—Key Takeaways
Legal Disclaimer
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Frost Radar—C2A
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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Purchase includes:
- Report download
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Rajalingam Chinnasamy |
| Industries | Energy |
| WIP Number | K426-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9AFE-A4,9AFF-A4,9B00-A4,9852 |
Frost Radar in the Global Lithium-Ion Battery Market
A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines
06-Dec-2019
Global
Frost Radar
