South Korea Lithium Ion Cell And Battery Market Research Report- Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How is the Lithium Ion Cell and Battery Market Positioned in South Korea? The South Korea lithium ion cell and battery market is currently in its early growth stage. The market started out in South Korea in the late 1900s. Most companies in the market were established during this time. The need of rechargeable batteries arose because these were required for several applications including consumer electronics and electric vehicles where rapid evolution and technological advancement was occurring. Lead acid batteries were initially used for these purposes but they have started to get gradually replaced by lithium ion batteries. Market Size and Growth: South Korea Lithium-ion cell and battery market size in terms of sales revenue increased from KRW ~ billion in 2012 to KRW ~ billion. The market registered a double digit positive growth rate of ~%. Growth Drivers: The primary growth drivers for the lithium ion cell and battery market in South Korea are growth in end user application areas such as Consumer Electronics, ESS and EV sectors. Growth Restraints: One of the challenges for the lithium ion cell and battery market in South Korea is the difficulty manufacturers face is procurement of lithium. The country is not self sufficient in production of lithium and has to import it from other regions. Export of Lithium Ion Batteries: South Korea is currently one of the largest global exporters of lithium ion cells and batteries. Companies operating in this market have an extremely strong presence in the global lithium ion battery landscape as well. The main reason for high export has been increasing demand for lithium ion batteries from electric car manufacturers and ESS projects being undertaken in Germany and USA. What Are The Major Segments In The Lithium Ion Cell And Battery Market In South Korea? The market can be segmented by Type of Battery, Battery Capacity and Application Areas. By Type of Battery: The major types of batteries present in the market are Li-NMC, LFP, LCO and others. Li-NMC is the leading category in this segment because with a revenue market share of ~%. This is because it is used widely in consumer electronics and has slowly started to replace lead acid batteries in electric vehicles. By Battery Capacity: In 2017, 3,000 – 10,000 mAh battery capacity accounted for the highest share of ~% of the market by revenue due to its common usage in electronic devices. This was followed by battery capacity of more than 60,000 mAh which is widely used in ESS applications. By Application Areas: The application areas for lithium ion batteries include Consumer Electronics, ESS/UPS, Automotive Sector, Industrial Sector and Others. Others include usage of these batteries in military and defense equipment, medical equipment, drones, civil aviation and electric boats. Here, Consumer Electronics accounted for the highest revenue share of ~% as these devices such as mobile phones, smartphones, laptops, tablets and power banks are widely used in South Korea. This was followed by the ESS/UPS sector with revenue share of ~%. What are the Recent Trends and Challenges in South Korea Lithium Ion Cell and Battery Market? South Korea has observed growth in the demand for Electric Vehicles in the past 5 years. This has been due to falling prices of EVs coupled with government subsidies offered to buyers of EVs. The government has also recently introduced a differentiated subsidy system for purchasers of Electric Vehicles. This is expected to contribute to the growth of the market in the future. Another significant factor for the market is the increasing number of mobile phone subscribers which is increasing the demand for mobile phones. Since lithium ion batteries are widely used in manufacturing of mobile phones, this is driving growth in the lithium ion battery market in South Korea. The global prices of lithium ion battery have been declining since 2013. This is because of a growing battery manufacturing industry with significant economies of scale starting to bring the costs down Cobalt is a major component for certain types of lithium ion batteries such s Li-NCA, LCO and Li-NMC. The prices of Cobalt have been rising and this is becoming a major challenge for manufacturers of lithium ion batteries in South Korea. In addition to this, South Korea is not rich in lithium ore and has to import it from other countries. This may cause timeline problems and foreign exchange risk issues for lithium ion battery manufacturers in South Korea. Some more recent challenges that lithium ion battery manufacturers in South Korea have been facing are the stringent rules and regulations for transportation, shipments and packaging of lithium ion batteries as well as the increasing imports of these batteries from China. Keywords:– South Korea Lithium Ion Battery Market Global Lithium Ion Battery Market South Korea Lithium Ion Battery Ecosystem Lithium Ion Battery Anode South Korea Lithium Ion Battery Cathode South Korea Cathode Major Manufacturers South Korea Anode Major Manufacturers South Korea Electrolyte Major Manufacturers South Korea Separator Major Manufacturers South Korea Lithium Ion Battery Type South Korea Lithium Ion Battery Capacity South Korea Lithium Ion Battery Application South Korea Lithium Ion Battery ESS/UPS South Korea Lithium Ion Battery Automotive South Korea Lithium Ion Battery Industrial South Korea Lithium Ion Battery Exports South Korea Lithium Ion Battery Imports South Korea Lithium Ion Battery Cost South Korea EV Segment Asian Players South Korea South Korea Lithium Ion Battery Companies South Korea Green Energy Policy For more information on the research report, refer to below link:- https://www.kenresearch.com/energy-and-utilities/power/south-korea-lithium-ion-cell-battery-market/175019-103.html Related Reports By Ken Research https://www.kenresearch.com/energy-and-utilities/power/china-lithium-ion-battery-market/174223-103.html https://www.kenresearch.com/energy-and-utilities/power/india-lithium-ion-cell-battery-market/174404-103.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 11 Tags: Anode Major Manufacturers South Korea, Cathode Major Manufacturers South Korea, Decision Making Lithium Ion Battery South Korea, Electrolyte Major Manufacturers South Korea, EV Segment Asian Players South Korea, Global Lithium Ion Battery Market, Industry Research Report For South Korea Lithium Ion Cell And Battery Market, Lithium Ion Battery Anode South Korea, Lithium Ion Battery Application South Korea, Lithium Ion Battery Automotive South Korea, Lithium Ion Battery Capacity South Korea, Lithium Ion Battery Cathode South Korea, Lithium Ion Battery Cost South Korea, Lithium Ion Battery ESS/UPS South Korea, Lithium Ion Battery Exports South Korea, Lithium Ion Battery Imports South Korea, Lithium Ion Battery Industrial South Korea, Lithium ion Battery Materials Major Manufacturers South Korea, Lithium Ion Battery Recommendations South Korea, Lithium Ion Battery Type South Korea, Lithium Ion Cell And Battery Industry In South Korea, Lithium Ion Cell And Battery Market In South Korea, Lithium Ion Cell Challenges South Korea, Lithium Ion Cell Developments South Korea, Lithium Ion Cell Issues South Korea, Lithium Ion Consumer Electronics South Korea, Market Research Report For South Korea Lithium Ion Cell And Battery Market, Separator Major Manufacturers South Korea, South Korea Green Energy Policy, South Korea Lithium Ion Battery Companies, South Korea Lithium Ion Battery Ecosystem, South Korea Lithium Ion Battery Electrolyte Market, South Korea Lithium Ion Battery Market, South Korea Lithium Ion Battery Market Competition, South Korea Lithium Ion Battery Market Future, South Korea Lithium Ion Battery Regulations, South Korea Lithium Ion Battery Separator Market, South Korea Lithium Ion Battery SWOT, South Korea Lithium Ion Cell And Battery Industry Research Report, South Korea Lithium Ion Cell And Battery Market, South Korea Lithium Ion Cell And Battery Market Analysis, South Korea Lithium Ion Cell And Battery Market Research Report, South Korea Lithium Ion Cell Market Trends, South Korea Manufacturing Lithium Ion Batteries