チタン酸リチウム（LTO）電池市場 : 2028年までの世界予測

Report Overview

The global lithium titanate oxide (LTO) battery market size is expected to grow from USD 4.5 billion in 2023 to USD 7.3 billion by 2028, at a CAGR of 10.1% from 2023 to 2028. A LTO battery uses a titanate-based anode which allows for a faster flow of lithium ions. This battery has gained popularity in various industries due to its exceptional safety features, fast charging capabilities, and long life. LTO batteries have found applications in automotive, grid-scale energy storage, and consumer electronics sectors. As battery technology continues to evolve, LTO batteries is expected to become a promising option for addressing the demands of modern energy storage and power management needs.

“Medium voltage segment is projected to grow at significant CAGR during the forecast period”
LTO batteries with voltage ranging from 12 to 36 V find extensive use in diverse sectors and industries, such as automotive, medical, marine, power, industrial, and telecommunications. The suitability of these batteries for a particular application depends on the power demands and other specific requirements of the equipment or systems they are integrated into. Hence, the rising adoption of medium-voltage LTO batteries in various applications is expected to drive the market’s growth.

“Below 3,000 mAh capacity segment is projected to grow at an impressive CAGR during the forecast period”
The demand for various consumer electronics is rising due to increasing urbanization and disposable income across developing regions such as Asia Pacific, South America, and Africa. The growth of the consumer electronics industry is driving the demand for LTO batteries with the capacity range of below 3,000 mAh. Companies such as Nichicon Corporation (Japan), LTO Battery Co., Ltd. (China), and Shenzhen Siqi New Energy Company Limited (China) predominantly design and manufacture LTO batteries with a capacity range of below 3,000 mAh. For instance, LTO Battery Co., Ltd. (China) offers LTO batteries for electric toothbrushes, electric trimmers, and smart electric shavers under this battery capacity range.

“Power application is expected to hold a significant market share during the forecast period”
In power applications, LTO batteries are used in energy storage systems (ESSs), smart grids, power grid stations, microgrids, UPS, wind power generation storage, solar wind power streetlights, and home energy storage. The growing demand for LTO batteries in smart grids is driven by several factors, such as the longer life and high energy density of these batteries that make them well-suited for specific applications such as grid stabilization, grid resiliency, and reliability.

“The market in Europe is expected to grow at a significant CAGR during the forecast period”
Germany contributed a significant share to the European LTO battery market in 2022. The presence of many clean energy vehicle manufacturers in the country and stringent government guidelines pertaining to carbon emissions are playing a vital role in boosting the growth of the LTO battery market. Germany is a hub for automobile manufacturers such as Volkswagen AG (Germany), Groupe Renault SA (France), and BMW AG (Germany). The rising demand for hybrid and plug-in electric vehicles is driving the growth of the German LTO battery market. The booming automotive industry and increasing developments in the consumer electronics industry are the major factors driving the growth of the LTO battery market in Germany.

Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 – 35%, Tier 2 – 25%, and Tier 3 – 40%
• By Designation: C-level Executives – 35%, Directors – 25%, and Others – 40%
• By Region: North America – 30%, Europe – 25%, Asia Pacific – 40%, and RoW – 5%

Major players profiled in this report are as follows: Toshiba Corporation (Japan), Microvast Holdings, Inc. (US), Nichicon Corporation (Japan), Leclanché SA (Switzerland), Gree Altairnano New Energy Inc. (China), Clarios (US), AA Portable Power Corp. (US), GRINERGY (South Korea), Zenaji Pty Ltd. (Australia), Log9 Materials (India), LiTech Power Co., Ltd. (Germany) and others.

Research Coverage
The LTO battery market has been classified by component, material, capacity, voltage, application, and region. By component, the market has been segmented into electrodes and electrolytes. The market by material has been classified into lithium tiatanate, graphite, and metal oxides. The capacity segment is divided into below 3,000 mAh, 3,001–10,000 mAh, and above 10,000 mAh. The market has been divided into low (below 12 V), medium (12V–36 V), and high (above 36 V), by voltage segment. Furthermore, the application segment includes consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunication. The study also forecasts the market size in four key regions—North America, Europe, Asia Pacific, and RoW.

Key Benefits of Buying the Report:
The report provides insights on the following pointers:
 Analysis of key drivers (Growing adoption of HEVs and PHEVs and high demand for renewable battery energy storage systems), restraints (High cost of LTO batteries), opportunities (Growing adoption in medical sector, Rising demand for battery-operated material-handling equipment) and challenges (Presence of alternative lithium-ion chemistries) influencing the growth of the LTO battery market
Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the LTO battery market
Market Development: Comprehensive information about lucrative markets – the report analyses the LTO battery market across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the LTO battery market
Competitive Assessment: In-depth assessment of market position, growth strategies, and product offerings of leading players like Toshiba Corporation (Japan), Microvast Holdings, Inc. (US), Leclanché SA (Switzerland), and Nichicon Corporation (Japan) among others in the LTO battery market
Strategies: The report also helps stakeholders understand the pulse of the LTO battery market and provides information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            20

1.1         STUDY OBJECTIVES      20

1.2         MARKET DEFINITION   20

1.2.1      INCLUSIONS AND EXCLUSIONS 21

1.3         STUDY SCOPE  22

1.3.1      MARKETS COVERED     22

FIGURE 1           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: SEGMENTATION           22

1.3.2      REGIONAL SCOPE         22

1.3.3      YEARS CONSIDERED     23

1.3.4      CURRENCY CONSIDERED          23

1.4         LIMITATIONS   23

1.5         STAKEHOLDERS            24

1.6         RECESSION IMPACT      24

2            RESEARCH METHODOLOGY     25

2.1         RESEARCH APPROACH 25

FIGURE 2           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: RESEARCH DESIGN       25

2.1.1      SECONDARY AND PRIMARY RESEARCH 26

FIGURE 3           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: RESEARCH APPROACH 26

2.1.2      SECONDARY DATA       27

2.1.2.1   List of major secondary sources       27

2.1.2.2   Key data from secondary sources     28

2.1.3      PRIMARY DATA 28

2.1.3.1   Primary interviews with experts       29

2.1.3.2   Key data from primary sources         29

2.1.3.3   Key industry insights          30

2.1.3.4   Breakdown of primaries     30

2.2         MARKET SIZE ESTIMATION       31

2.2.1      BOTTOM-UP APPROACH           31

2.2.1.1   Approach to derive market size using bottom-up analysis           31

FIGURE 4           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: BOTTOM-UP APPROACH           32

2.2.2      TOP-DOWN APPROACH             32

2.2.2.1   Approach to derive market size using top-down analysis            32

FIGURE 5           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: TOP-DOWN APPROACH        33

FIGURE 6           MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS          33

2.3         MARKET BREAKDOWN AND DATA TRIANGULATION    34

FIGURE 7           DATA TRIANGULATION             34

2.4         RESEARCH ASSUMPTIONS         35

TABLE 1             ASSUMPTIONS 35

2.5         PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET   36

2.6         RISK ASSESSMENT         36

3            EXECUTIVE SUMMARY 37

FIGURE 8           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, 2019–2028 (USD MILLION)     37

FIGURE 9           ABOVE 10,000 MAH SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028  38

FIGURE 10         HIGH VOLTAGE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028  38

FIGURE 11         INDUSTRIAL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       39

FIGURE 12         ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2028              40

4            PREMIUM INSIGHTS      41

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET            41

FIGURE 13         GROWING ADOPTION OF LTO BATTERIES IN AUTOMOTIVE AND POWER APPLICATIONS     41

4.2         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY              41

FIGURE 14         ABOVE 10,000 MAH SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028  41

4.3         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION  42

FIGURE 15         POWER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       42

4.4         NORTH AMERICAN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY AND COUNTRY 42

FIGURE 16         ABOVE 10,000 MAH SEGMENT AND US TO HOLD LARGEST SHARES OF NORTH AMERICAN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET IN 2028             42

4.5         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY              43

FIGURE 17         CHINA TO REGISTER HIGHEST CAGR IN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET FROM 2023 TO 2028     43

5            MARKET OVERVIEW     44

5.1         INTRODUCTION            44

5.2         MARKET DYNAMICS     44

FIGURE 18         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    44

5.2.1      DRIVERS            45

5.2.1.1   Growing demand for hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) 45

FIGURE 19         GLOBAL PHEV SALES, 2018–2022 (THOUSAND UNITS)   45

5.2.1.2   Rising demand for renewable energy storage systems   46

FIGURE 20         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS  46

5.2.2      RESTRAINTS     47

5.2.2.1   Higher cost compared with other lithium-ion battery chemistries             47

FIGURE 21         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS         47

5.2.3      OPPORTUNITIES           47

5.2.3.1   Rising demand for battery-operated material-handling equipment           47

5.2.3.2   Increasing demand for LTO battery-based devices in medical sector        48

FIGURE 22         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 48

5.2.4      CHALLENGES   48

5.2.4.1   Availability of alternative lithium-ion chemistries         48

FIGURE 23         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES       49

5.3         VALUE CHAIN ANALYSIS            49

FIGURE 24         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: VALUE CHAIN ANALYSIS           49

5.4         ECOSYSTEM ANALYSIS 51

FIGURE 25         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: ECOSYSTEM ANALYSIS 51

TABLE 2             COMPANIES AND THEIR ROLE IN LITHIUM TITANATE OXIDE (LTO) BATTERY ECOSYSTEM    52

5.5         PRICING ANALYSIS        53

5.5.1      AVERAGE SELLING PRICE (ASP) TREND OF LITHIUM-ION BATTERY PACKS AND CELLS        53

FIGURE 26         AVERAGE SELLING PRICE (ASP) TREND OF LITHIUM-ION BATTERY PACKS AND CELLS, 2013–2022 53

5.5.2      AVERAGE SELLING PRICE (ASP) OF LTO BATTERIES OFFERED BY THREE KEY PLAYERS    54

FIGURE 27         AVERAGE SELLING PRICE (ASP) OF LTO BATTERIES OFFERED BY THREE KEY PLAYERS             54

TABLE 3             AVERAGE SELLING PRICE (ASP) OF LTO BATTERIES OFFERED BY THREE KEY PLAYERS             54

5.5.3      AVERAGE SELLING PRICE (ASP) TREND, BY REGION      55

TABLE 4             AVERAGE SELLING PRICE (ASP) TREND, BY REGION      55

5.6         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 55

FIGURE 28         REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET            55

5.7         TECHNOLOGY ANALYSIS           55

5.7.1      LITHIUM-SILICON BATTERY     56

5.7.2      SOLID-STATE BATTERY             56

5.7.3      ZINC-MANGANESE BATTERY    56

5.7.4      LITHIUM-SULFUR BATTERY      56

5.7.5      SODIUM-SULFUR BATTERY       57

5.7.6      METAL-AIR BATTERY   57

5.7.7      LIQUID-METAL BATTERY          57

5.7.8      POTASSIUM METAL BATTERY  57

5.7.9      VANADIUM FLOW BATTERY     57

5.8         PORTER’S FIVE FORCES ANALYSIS         58

TABLE 5             LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS         58

FIGURE 29         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS         58

5.8.1      BARGAINING POWER OF SUPPLIERS     59

5.8.2      BARGAINING POWER OF BUYERS           59

5.8.3      THREAT OF NEW ENTRANTS    59

5.8.4      THREAT OF SUBSTITUTES         59

5.8.5      INTENSITY OF COMPETITIVE RIVALRY 59

5.9         KEY STAKEHOLDERS AND BUYING CRITERIA    60

5.9.1      KEY STAKEHOLDERS IN BUYING PROCESS         60

FIGURE 30         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS      60

TABLE 6             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)             60

5.9.2      BUYING CRITERIA         60

FIGURE 31         KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              60

TABLE 7             KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              61

5.10       CASE STUDY ANALYSIS 61

5.10.1    AGP CORPORATION DEVELOPED BATTERY-POWERED GPU USING LTO BATTERY  61

5.10.2    MAEDA SEISAKUSHO USED SCIB LTO BATTERIES IN SPIDER CRANES AND MINI CRANES TO REDUCE NOISE LEVELS AND EXHAUST EMISSIONS              61

5.10.3    NICHICON CORPORATION OFFERED SLB SERIES LTO BATTERIES FOR S PENS TO FACILITATE FAST CHARGING RATE AND HIGH STABILITY   62

5.11       TRADE ANALYSIS          62

5.11.1    IMPORT SCENARIO       62

FIGURE 32         IMPORT DATA FOR LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)    62

5.11.2    EXPORT SCENARIO       63

FIGURE 33         EXPORT DATA FOR LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)    63

5.12       PATENT ANALYSIS        63

FIGURE 34         TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS          63

TABLE 8             TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS          64

FIGURE 35         NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022 65

TABLE 9             LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: LIST OF PATENTS, 2021–2023      65

5.13       KEY CONFERENCES AND EVENTS, 2023–2024     66

TABLE 10           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: LIST OF CONFERENCES AND EVENTS    66

5.14       REGULATORY LANDSCAPE       67

5.14.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          67

TABLE 11           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         67

TABLE 12           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         68

TABLE 13           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         69

TABLE 14           ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         70

5.15       STANDARDS     70

TABLE 15           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: STANDARDS     70

6            COMPONENTS OF LITHIUM TITANATE OXIDE (LTO) BATTERIES              72

6.1         INTRODUCTION            72

6.2         ELECTRODES   72

6.2.1      FACILITATE ELECTROCHEMICAL REACTIONS IN LTO BATTERIES              72

6.2.1.1   Cathode 72

6.2.1.2   Anode    72

6.3         ELECTROLYTES             72

6.3.1      MAINTAIN STABLE AND CONDUCTIVE ENVIRONMENT IN LTO BATTERIES       72

7            MATERIALS USED IN LITHIUM TITANATE OXIDE (LTO) BATTERIES              73

7.1         INTRODUCTION            73

7.2         LITHIUM TITANATE     73

7.2.1      OFFERS THERMAL STABILITY AND SAFETY DUE TO SPINEL STRUCTURE     73

7.3         GRAPHITE        73

7.3.1      USED AS PRIMARY ANODE MATERIAL IN CONVENTIONAL LI-ION BATTERIES       73

7.4         METAL OXIDES 73

7.4.1      OFFERS HIGH ENERGY DENSITY AND EXCELLENT PERFORMANCE              73

8            LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY              74

8.1         INTRODUCTION            75

FIGURE 36         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY         75

FIGURE 37         ABOVE 10,000 MAH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD     75

TABLE 16           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)   76

TABLE 17           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)   76

8.2         BELOW 3,000 MAH         76

8.2.1      EXPANDING CONSUMER ELECTRONICS INDUSTRY       76

TABLE 18           BELOW 3,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)            77

TABLE 19           BELOW 3,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)            77

TABLE 20           BELOW 3,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)         77

TABLE 21           BELOW 3,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)         78

8.3         3,001–10,000 MAH           78

8.3.1      RISING DEMAND FOR HYBRID ELECTRIC VEHICLES (HEVS)      78

TABLE 22           3,001–10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)  78

TABLE 23           3,001–10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  79

TABLE 24           3,001–10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)            79

TABLE 25           3,001–10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)            79

8.4         ABOVE 10,000 MAH        80

8.4.1      GROWING REQUIREMENT FOR HIGH-CAPACITY BATTERIES IN HIGH-POWER APPLICATIONS 80

TABLE 26           ABOVE 10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)            80

TABLE 27           ABOVE 10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)            80

TABLE 28           ABOVE 10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)         81

TABLE 29           ABOVE 10,000 MAH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)         81

9            LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE              82

9.1         INTRODUCTION            83

FIGURE 38         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE          83

FIGURE 39         HIGH VOLTAGE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028  83

TABLE 30           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)    84

TABLE 31           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)    84

9.2         LOW     84

9.2.1      GROWING ADOPTION OF LTO BATTERIES IN CONSUMER ELECTRONICS INDUSTRY          84

TABLE 32           LOW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)       85

TABLE 33           LOW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)       85

9.3         MEDIUM            85

9.3.1      RISING USE OF LTO BATTERIES IN VARIOUS APPLICATIONS ATTRIBUTED TO LONG OPERATIONAL LIFE     85

TABLE 34           MEDIUM: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)            86

TABLE 35           MEDIUM: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)            86

9.4         HIGH    86

9.4.1      SUPERIOR PERFORMANCE OVER TRADITIONAL BATTERIES     86

TABLE 36           HIGH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)  87

TABLE 37           HIGH: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)  87

10          LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION  88

10.1       INTRODUCTION            89

FIGURE 40         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION  89

FIGURE 41         POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028              89

TABLE 38           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           90

TABLE 39           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           90

10.2       CONSUMER ELECTRONICS        91

10.2.1    GROWING DEMAND FOR LTO BATTERIES OWING TO HIGH ENERGY DENSITY AND LONG LIFE          91

TABLE 40           CONSUMER ELECTRONICS: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)     91

TABLE 41           CONSUMER ELECTRONICS: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)     91

TABLE 42           CONSUMER ELECTRONICS: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)         92

TABLE 43           CONSUMER ELECTRONICS: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)         92

10.3       AUTOMOTIVE  92

10.3.1    INCREASING GLOBAL ADOPTION OF HYBRID ELECTRIC VEHICLES (HEVS) AND PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)    92

10.3.1.1 Hybrid electric vehicles (HEVs)      93

10.3.1.2 Plug-in hybrid electric vehicles (PHEVs)       93

TABLE 44           AUTOMOTIVE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)        93

TABLE 45           AUTOMOTIVE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)        94

TABLE 46           AUTOMOTIVE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)            94

TABLE 47           AUTOMOTIVE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)            94

10.4       AEROSPACE      95

10.4.1    GROWING NEED FOR HIGH-POWER AND SAFE BATTERIES        95

TABLE 48           AEROSPACE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)        95

TABLE 49           AEROSPACE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)        95

TABLE 50           AEROSPACE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)            96

TABLE 51           AEROSPACE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)            96

10.5       MARINE             96

10.5.1    RISING DEMAND ATTRIBUTED TO FAST CHARGING AND DURABILITY FEATURES         96

TABLE 52          MARINE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)            97

TABLE 53          MARINE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)            97

TABLE 54          MARINE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)  97

TABLE 55          MARINE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)  98

10.6       MEDICAL          98

10.6.1    GROWING NEED FOR RELIABLE AND SAFE BATTERIES IN MEDICAL DEVICES            98

TABLE 56           MEDICAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)        98

TABLE 57           MEDICAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)        99

TABLE 58           MEDICAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)            99

TABLE 59           MEDICAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)            99

10.7       INDUSTRIAL     100

10.7.1    INCREASING USE OF ELECTRIC MATERIAL HANDLING EQUIPMENT              100

TABLE 60           INDUSTRIAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)        100

TABLE 61           INDUSTRIAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)        100

TABLE 62           INDUSTRIAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)            101

TABLE 63           INDUSTRIAL: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)            101

10.8       POWER 101

10.8.1    GROWING DEPLOYMENT OF RENEWABLE ENERGY STORAGE SYSTEMS           101

TABLE 64           POWER: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)            102

TABLE 65           POWER: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)            102

TABLE 66           POWER: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)  102

TABLE 67           POWER: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)  102

10.9       TELECOMMUNICATION            103

10.9.1    LONG LIFE, FAST CHARGING, AND REDUCED CARBON EMISSIONS              103

TABLE 68           TELECOMMUNICATION: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)     103

TABLE 69           TELECOMMUNICATION: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)     103

TABLE 70           TELECOMMUNICATION: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)         104

TABLE 71           TELECOMMUNICATION: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)         104

11          LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION              105

11.1       INTRODUCTION            106

FIGURE 42         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION             106

FIGURE 43         CHINA TO BE FASTEST-GROWING LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET DURING FORECAST PERIOD 106

TABLE 72           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)       107

TABLE 73           LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)       107

11.2       NORTH AMERICA          107

11.2.1    NORTH AMERICA LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: RECESSION IMPACT  107

FIGURE 44         NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SNAPSHOT     108

FIGURE 45         US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET IN 2028   109

TABLE 74           NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)         109

TABLE 75           NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)         109

TABLE 76           NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)        110

TABLE 77           NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)        110

TABLE 78           NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)         110

TABLE 79           NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)         110

TABLE 80           NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)  111

TABLE 81           NORTH AMERICA: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  111

11.2.2    US         111

11.2.2.1 Presence of favorable policies and rising government-led investments in battery industry 111

11.2.3    CANADA            112

11.2.3.1 Growing adoption of low and zero-emission vehicles    112

11.2.4    MEXICO             112

11.2.4.1 Rising investments in lithium-ion battery manufacturing           112

11.3       EUROPE             113

11.3.1    EUROPE LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT OF RECESSION 113

FIGURE 46         EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SNAPSHOT        114

FIGURE 47         GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET DURING FORECAST PERIOD              115

TABLE 82          EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)            115

TABLE 83          EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)            115

TABLE 84          EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)            116

TABLE 85          EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)            116

TABLE 86          EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)             116

TABLE 87          EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)             116

TABLE 88          EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)     117

TABLE 89          EUROPE: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)     117

11.3.2    GERMANY         118

11.3.2.1 Booming healthcare and automotive sectors  118

11.3.3    UK         118

11.3.3.1 Increasing use of HEVs and PHEVs 118

11.3.4    FRANCE             118

11.3.4.1 Rising investments in battery manufacturing 118

11.3.5    REST OF EUROPE           119

11.4       ASIA PACIFIC    119

11.4.1    ASIA PACIFIC LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT OF RECESSION 119

FIGURE 48         ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SNAPSHOT     120

FIGURE 49         CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET IN 2028   121

TABLE 90           ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)         121

TABLE 91           ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)         122

TABLE 92           ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)        122

TABLE 93           ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)        122

TABLE 94           ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)         123

TABLE 95           ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)         123

TABLE 96           ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)  123

TABLE 97           ASIA PACIFIC: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  124

11.4.2    CHINA  124

11.4.2.1 Presence of abundant titanium reserves         124

11.4.3    JAPAN  124

11.4.3.1 Healthy growth of automotive sector              124

11.4.4    INDIA   125

11.4.4.1 Discovery of lithium reserves           125

11.4.5    SOUTH KOREA 125

11.4.5.1 Government-led support to promote green initiatives  125

11.4.6    REST OF ASIA PACIFIC  125

11.5       ROW     125

11.5.1    ROW LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: IMPACT OF RECESSION 126

FIGURE 50         MIDDLE EAST & AFRICA TO REGISTER HIGHER CAGR IN ROW LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET DURING FORECAST PERIOD              126

TABLE 98           ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)       126

TABLE 99           ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)       127

TABLE 100         ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)   127

TABLE 101         ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)   127

TABLE 102         ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)    127

TABLE 103         ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)    128

TABLE 104         ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           128

TABLE 105         ROW: LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           128

11.5.2    MIDDLE EAST & AFRICA             129

11.5.2.1 Increasing government-led focus on reducing carbon emissions 129

11.5.3    SOUTH AMERICA           129

11.5.3.1 Growing demand for consumer electronics and medical devices 129

12          COMPETITIVE LANDSCAPE       130

12.1       OVERVIEW        130

12.2       KEY STRATEGIES ADOPTED BY MAJOR PLAYERS            130

TABLE 106         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS             130

12.3       REVENUE ANALYSIS, 2018–2022 132

FIGURE 51         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: REVENUE ANALYSIS OF FOUR KEY PLAYERS, 2018–2022 132

12.4       MARKET SHARE ANALYSIS, 2022             133

TABLE 107         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SHARE ANALYSIS, 2022 133

FIGURE 52         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022            133

12.5       EVALUATION MATRIX OF KEY COMPANIES, 2022           135

12.5.1    STARS  135

12.5.2    EMERGING LEADERS    135

12.5.3    PERVASIVE PLAYERS     135

12.5.4    PARTICIPANTS 135

FIGURE 53         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022           136

12.5.5    COMPANY FOOTPRINT 137

TABLE 108         COMPANY FOOTPRINT 137

TABLE 109         APPLICATION: COMPANY FOOTPRINT 138

TABLE 110         REGION: COMPANY FOOTPRINT            139

12.6       EVALUATION MATRIX OF STARTUPS/ SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022        140

12.6.1    PROGRESSIVE COMPANIES       140

12.6.2    RESPONSIVE COMPANIES          140

12.6.3    DYNAMIC COMPANIES 140

12.6.4    STARTING BLOCKS       140

FIGURE 54         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: EVALUATION MATRIX OF STARTUPS/SMES, 2022           141

12.6.5    COMPETITIVE BENCHMARKING OF STARTUPS/SMES   142

TABLE 111         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: LIST OF KEY STARTUPS/SMES   142

TABLE 112         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES         142

12.7       COMPETITIVE SCENARIOS AND TRENDS           143

12.7.1    PRODUCT LAUNCHES  143

TABLE 113         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: PRODUCT LAUNCHES, 2020–2023           143

12.7.2    DEALS  144

TABLE 114         LITHIUM TITANATE OXIDE (LTO) BATTERY MARKET: DEALS, 2020–2023          144

13          COMPANY PROFILES    145

13.1       KEY PLAYERS   145

(Business Overview, Products offered, Recent Developments, MnM View)*

13.1.1    TOSHIBA CORPORATION           145

TABLE 115         TOSHIBA CORPORATION: COMPANY OVERVIEW           145

FIGURE 55         TOSHIBA CORPORATION: COMPANY SNAPSHOT           146

TABLE 116         TOSHIBA CORPORATION: PRODUCTS OFFERED            147

TABLE 117         TOSHIBA CORPORATION: PRODUCT LAUNCHES           147

13.1.2    MICROVAST HOLDINGS, INC.   149

TABLE 118         MICROVAST HOLDINGS, INC.: COMPANY OVERVIEW    149

FIGURE 56         MICROVAST HOLDINGS, INC.: COMPANY SNAPSHOT    150

TABLE 119         MICROVAST HOLDINGS, INC.: PRODUCTS OFFERED     150

TABLE 120         MICROVAST HOLDINGS, INC.: DEALS   151

13.1.3    NICHICON CORPORATION        152

TABLE 121         NICHICON CORPORATION: COMPANY OVERVIEW         152

FIGURE 57         NICHICON CORPORATION: COMPANY SNAPSHOT        153

TABLE 122         NICHICON CORPORATION: PRODUCTS OFFERED         153

TABLE 123         NICHICON CORPORATION: PRODUCT LAUNCHES        154

13.1.4    LECLANCHÉ SA 156

TABLE 124         LECLANCHÉ SA: COMPANY OVERVIEW 156

FIGURE 58         LECLANCHÉ SA: COMPANY SNAPSHOT 157

TABLE 125         LECLANCHÉ SA: PRODUCTS OFFERED 157

TABLE 126         LECLANCHÉ SA: PRODUCT LAUNCHES 158

13.1.5    CLARIOS            159

TABLE 127         CLARIOS: COMPANY OVERVIEW            159

FIGURE 59         CLARIOS: COMPANY SNAPSHOT            160

TABLE 128         CLARIOS: PRODUCTS OFFERED             160

TABLE 129         CLARIOS: DEALS            160

13.1.6    GREE ALTAIRNANO NEW ENERGY INC. 162

TABLE 130         GREE ALTAIRNANO NEW ENERGY INC.: COMPANY OVERVIEW              162

TABLE 131         GREE ALTAIRNANO NEW ENERGY INC.: PRODUCTS OFFERED              162

TABLE 132         GREE ALTAIRNANO NEW ENERGY INC.: DEALS 163

13.1.7    HUNAN HUAHUI NEW ENERGY CO., LTD.           164

TABLE 133         HUNAN HUAHUI NEW ENERGY CO., LTD.: COMPANY OVERVIEW        164

TABLE 134         HUNAN HUAHUI NEW ENERGY CO., LTD.: PRODUCTS OFFERED          164

13.1.8    PADRE ELECTRONICS CO., LIMITED     165

TABLE 135         PADRE ELECTRONICS CO., LIMITED: COMPANY OVERVIEW              165

TABLE 136         PADRE ELECTRONICS CO., LIMITED: PRODUCTS OFFERED              165

*Details on Business Overview, Products offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

13.2       OTHER PLAYERS           166

13.2.1    AA PORTABLE POWER CORP.    166

13.2.2    AOT BATTERY TECHNOLOGY CO., LTD.            166

13.2.3    ELB ENERGY GROUP     167

13.2.4    GRINERGY        167

13.2.5    LITECH POWER CO., LTD.          168

13.2.6    LOG9 MATERIALS          168

13.2.7    LTO BATTERY CO., LTD.            169

13.2.8    NEI CORPORATION       169

13.2.9    OSN POWER ENERGY LIMITED 170

13.2.10  SHENZHEN SIQI NEW ENERGY COMPANY LIMITED       170

13.2.11  TARGRAY TECHNOLOGY INTERNATIONAL INC.             171

13.2.12  ZENAJI PTY LTD.            171

14          ADJACENT AND RELATED MARKETS     172

14.1       INTRODUCTION            172

14.2       MICRO BATTERY MARKET, BY REGION 172

14.2.1    INTRODUCTION            172

TABLE 137         MICRO BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          172

TABLE 138         MICRO BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)          173

14.2.2    NORTH AMERICA          173

TABLE 139         NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)          173

TABLE 140         NORTH AMERICA: MICRO BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)          173

14.2.2.1 US         174

14.2.2.1.1            Rising demand for smart packaging  174

14.2.2.2 Canada  174

14.2.2.2.1            Growing adoption of IoT technology in medical sector 174

14.2.2.3 Mexico  175

14.2.2.3.1            Expanding consumer electronics market        175

15          APPENDIX         176

15.1       INSIGHTS FROM INDUSTRY EXPERTS   176

15.2       DISCUSSION GUIDE      177

15.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             180

15.4       CUSTOMIZATION OPTIONS      182

15.5       RELATED REPORTS       182

15.6       AUTHOR DETAILS         183