Product Code: ETC266430 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Lithium Ion Battery Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 16.88% in 2025, climbs to a high of 20.19% in 2028, and moderates to 19.70% by 2029.
By 2027, the Lithium Ion Battery market in Vietnam is anticipated to reach a growth rate of 19.37%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Vietnam lithium ion battery market has witnessed substantial growth, primarily due to the increasing demand for portable electronic devices, electric vehicles, and renewable energy storage solutions. Lithium ion batteries offer high energy density and reliability, making them a preferred choice in various applications.
The growth of the Vietnam lithium-ion battery market is propelled by consumer electronics, electric vehicles (EVs), and renewable energy applications. Lithium-ion batteries offer high energy density and longer cycle life, making them suitable for a wide range of portable devices and electric vehicles. The market benefits from the consumer electronics industry, the shift towards EVs, and government incentives for clean energy. Manufacturers offer lithium-ion batteries with various chemistries and capacities, supporting the market`s expansion.
In the Vietnam lithium-ion battery market, challenges primarily revolve around energy storage, sustainability, and technological advancements. Lithium-ion batteries are vital for various applications, including electric vehicles and renewable energy storage, but addressing sustainability concerns related to battery materials and recycling is critical. Additionally, staying at the forefront of battery technology advancements is essential. Manufacturers must prioritize sustainable battery materials, recycling initiatives, and innovation to meet the growing demand for lithium-ion batteries while addressing environmental concerns.
The Vietnam lithium-ion battery market faced challenges due to the COVID-19 pandemic. Disruptions in supply chains and manufacturing activities influenced the availability and pricing of lithium-ion batteries. However, as remote work and renewable energy initiatives gained momentum post-pandemic, the market exhibited signs of recovery, driven by increased demand for portable electronics and energy storage solutions.
In the Vietnam lithium-ion battery market, key players include manufacturers and suppliers of lithium-ion batteries used in various applications, including consumer electronics, electric vehicles, and renewable energy storage. Domestic battery manufacturers like Tia Chiong Electric Co., Ltd. produce lithium-ion batteries for consumer electronics and energy storage in Vietnam. Additionally, international battery companies such as Panasonic Corporation and LG Chem may offer lithium-ion batteries in the Vietnamese market, supporting advancements in technology and green energy solutions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Lithium Ion Battery Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Lithium Ion Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Lithium Ion Battery Market - Industry Life Cycle |
3.4 Vietnam Lithium Ion Battery Market - Porter's Five Forces |
3.5 Vietnam Lithium Ion Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Lithium Ion Battery Market Revenues & Volume Share, By Power Capacity, 2021 & 2031F |
3.7 Vietnam Lithium Ion Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Vietnam Lithium Ion Battery Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Vietnam Lithium Ion Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Vietnam |
4.2.2 Government initiatives and incentives promoting the use of renewable energy sources |
4.2.3 Growth in consumer electronics market leading to higher demand for lithium ion batteries |
4.3 Market Restraints |
4.3.1 High initial investment and manufacturing costs |
4.3.2 Lack of domestic production capabilities leading to reliance on imports |
4.3.3 Limited recycling infrastructure for lithium ion batteries causing environmental concerns |
5 Vietnam Lithium Ion Battery Market Trends |
6 Vietnam Lithium Ion Battery Market, By Types |
6.1 Vietnam Lithium Ion Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Lithium Ion Battery Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Lithium Ion Battery Market Revenues & Volume, By Lithium Nickel Magnesium Cobalt (LI-NMC), 2021-2031F |
6.1.4 Vietnam Lithium Ion Battery Market Revenues & Volume, By Lithium Ferro Phosphate (LFP), 2021-2031F |
6.1.5 Vietnam Lithium Ion Battery Market Revenues & Volume, By Lithium Cobalt Oxide (LCO), 2021-2031F |
6.1.6 Vietnam Lithium Ion Battery Market Revenues & Volume, By Lithium Titanate Oxide (LTO), 2021-2031F |
6.1.7 Vietnam Lithium Ion Battery Market Revenues & Volume, By Lithium Manganese Oxide (LMO), 2021-2031F |
6.1.8 Vietnam Lithium Ion Battery Market Revenues & Volume, By Lithium Nickel Cobalt Aluminum Oxide (NCA), 2021-2031F |
6.2 Vietnam Lithium Ion Battery Market, By Power Capacity |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Lithium Ion Battery Market Revenues & Volume, By 0-300 mAH, 2021-2031F |
6.2.3 Vietnam Lithium Ion Battery Market Revenues & Volume, By 3,000-10,000 mAH, 2021-2031F |
6.2.4 Vietnam Lithium Ion Battery Market Revenues & Volume, By 10,000-60,000 mAH, 2021-2031F |
6.2.5 Vietnam Lithium Ion Battery Market Revenues & Volume, By More than 60,000 mAH, 2021-2031F |
6.3 Vietnam Lithium Ion Battery Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Lithium Ion Battery Market Revenues & Volume, By Consumer Electronics OEMs, 2021-2031F |
6.3.3 Vietnam Lithium Ion Battery Market Revenues & Volume, By Automotive OEMs, 2021-2031F |
6.3.4 Vietnam Lithium Ion Battery Market Revenues & Volume, By Energy Storage, 2021-2031F |
6.3.5 Vietnam Lithium Ion Battery Market Revenues & Volume, By Industrial OEMs, 2021-2031F |
6.3.6 Vietnam Lithium Ion Battery Market Revenues & Volume, By Other OEMs, 2021-2031F |
6.3.7 Vietnam Lithium Ion Battery Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.4 Vietnam Lithium Ion Battery Market, By Form |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Lithium Ion Battery Market Revenues & Volume, By Pouch, 2021-2031F |
6.4.3 Vietnam Lithium Ion Battery Market Revenues & Volume, By Cylindrical, 2021-2031F |
6.4.4 Vietnam Lithium Ion Battery Market Revenues & Volume, By Elliptical, 2021-2031F |
6.4.5 Vietnam Lithium Ion Battery Market Revenues & Volume, By Prismatic, 2021-2031F |
6.4.6 Vietnam Lithium Ion Battery Market Revenues & Volume, By Custom Design, 2021-2031F |
7 Vietnam Lithium Ion Battery Market Import-Export Trade Statistics |
7.1 Vietnam Lithium Ion Battery Market Export to Major Countries |
7.2 Vietnam Lithium Ion Battery Market Imports from Major Countries |
8 Vietnam Lithium Ion Battery Market Key Performance Indicators |
8.1 Average selling price (ASP) of lithium ion batteries in Vietnam |
8.2 Adoption rate of electric vehicles in the country |
8.3 Investment in research and development for lithium ion battery technology |
8.4 Percentage of renewable energy sources in Vietnam's energy mix |
8.5 Number of partnerships and collaborations between local and international battery manufacturers |
9 Vietnam Lithium Ion Battery Market - Opportunity Assessment |
9.1 Vietnam Lithium Ion Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Lithium Ion Battery Market Opportunity Assessment, By Power Capacity, 2021 & 2031F |
9.3 Vietnam Lithium Ion Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Vietnam Lithium Ion Battery Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Vietnam Lithium Ion Battery Market - Competitive Landscape |
10.1 Vietnam Lithium Ion Battery Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Lithium Ion Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |