Paraguay Lithium-ion Battery Market Size & Outlook
Paraguay lithium-ion battery market, 2018-2030 (US$M)
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Paraguay lithium-ion battery market highlights
- The Paraguay lithium-ion battery market generated a revenue of USD 0.6 million in 2023 and is expected to reach USD 2.7 million by 2030.
- The Paraguay market is expected to grow at a CAGR of 24.1% from 2024 to 2030.
- In terms of segment, lithium cobalt oxide (lco) was the largest revenue generating product in 2023.
- Lithium Cobalt Oxide (LCO) 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 0.6 million |
| Market revenue in 2030 | USD 2.7 million |
| Growth rate | 24.1% (CAGR from 2023 to 2030) |
| Largest segment | Lithium cobalt oxide (lco) |
| Fastest growing segment | Lithium Cobalt Oxide (LCO) |
| 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, Paraguay accounted for 0.1% 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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Paraguay 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 83.33% in 2023. Horizon Databook has segmented the Paraguay 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.
The struggling Paraguayan economy due to the fast-rising exchange rate between the Paraguay Guaraní and the U.S. dollar has considerably impacted several income groups in the country.
High import taxes on finished electronic products have instigated manufacturers to import electronic parts and assemble them into finished products in local factories. These factors are anticipated to negatively impact the market in Paraguay since the end-use electronics industry is not well developed.
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Horizon Databook provides a detailed overview of country-level data and insights on the Paraguay lithium-ion battery market , including forecasts for subscribers. This country databook contains high-level insights into Paraguay lithium-ion battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Paraguay lithium-ion battery market size, by product, 2018-2030 (US$M)
Paraguay Lithium-ion Battery Market Outlook Share, 2023 & 2030 (US$M)
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