Colombia Lithium-ion Battery Market Size & Outlook
Colombia lithium-ion battery market, 2018-2030 (US$M)
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Colombia lithium-ion battery market highlights
- The Colombia lithium-ion battery market generated a revenue of USD 1.2 million in 2023 and is expected to reach USD 6.7 million by 2030.
- The Colombia market is expected to grow at a CAGR of 27.3% from 2024 to 2030.
- In terms of segment, lithium cobalt oxide (lco) was the largest revenue generating product in 2023.
- Lithium Iron Phosphate (LiFePO4) is the most lucrative product segment registering the fastest growth during the forecast period.
Lithium-ion battery market data book summary
| Market revenue in 2023 | USD 1.2 million |
| Market revenue in 2030 | USD 6.7 million |
| Growth rate | 27.3% (CAGR from 2023 to 2030) |
| Largest segment | Lithium cobalt oxide (lco) |
| Fastest growing segment | Lithium Iron Phosphate (LiFePO4) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LiFePO4), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), Lithium Nickel Manganese Cobalt (NMC) |
| Key market players worldwide | BYD Co Ltd ADR, Hitachi Ltd, Johnson Controls International PLC, LG Chem, Panasonic Holdings Corp, Samsung SDI Co Ltd GDR - 144A, Toshiba Tec Corp ADR, GS Yuasa Corp |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.3% of the global lithium-ion battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil lithium-ion battery market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 6.7 million by 2030.
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Lithium-ion Battery Market Scope
Lithium-ion Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia lithium-ion battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lithium-ion battery market will help companies and investors design strategic landscapes.
Lithium cobalt oxide (lco) was the largest segment with a revenue share of 33.33% in 2023. Horizon Databook has segmented the Colombia lithium-ion battery market based on lithium cobalt oxide (lco), lithium iron phosphate (lifepo4), lithium nickel cobalt aluminum oxide (nca), lithium manganese oxide (lmo), lithium titanate (lto), lithium nickel manganese cobalt (nmc) covering the revenue growth of each sub-segment from 2018 to 2030.
Moreover, extensive investments in low-cost and energy-efficient batteries for electric vehicles and grid storage are expected to spur the demand for lithium ion batteries over the next few years.
These batteries can store large amount of energy in small places, therefore, their usage is expanding in grid storage in remote areas, frequency regulation, and industrial peak shaving energy storage systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia lithium-ion battery market , including forecasts for subscribers. This country databook contains high-level insights into Colombia lithium-ion battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia lithium-ion battery market size, by product, 2018-2030 (US$M)
Colombia Lithium-ion Battery Market Outlook Share, 2023 & 2030 (US$M)
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