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    Japan Lithium Ion Battery Market

    ID: MRFR/SEM/45297-HCR
    200 Pages
    Garvit Vyas
    September 2025

    Japan Lithium Ion Battery Market Research Report By Type (Lithium Nickel Manganese Cobalt, Lithium Manganese Oxide, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Nickle Cobalt Aluminum Oxide, Lithium Titanate Oxide), By Capacity (0- 3000 mAh, 3000-10000 mAh, 10000-60000 mAh, 60000 mAh, above), By Voltage (Low (below 12V), Medium (below 12V-36V), High (Above 36V)) and By Industry (Automotive, Aerospace, Consumer Electronics, Marine, Industrial, Power, Telecommunication, Medical)- Forecast to 2035

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    Table of Contents

    Japan Lithium Ion Battery Market Summary

    The Japan Lithium-Ion Battery market is projected to grow from 12.5 USD Billion in 2024 to 25 USD Billion by 2035.

    Key Market Trends & Highlights

    Japan Lithium-Ion Battery Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 6.5 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 25 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 12.5 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of electric vehicles due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 12.5 (USD Billion)
    2035 Market Size 25 (USD Billion)
    CAGR (2025 - 2035) 6.5%

    Major Players

    Toyota Motor Corporation (JP), Sony Group Corporation (JP), Mitsubishi UFJ Financial Group (JP), SoftBank Group Corp. (JP), Honda Motor Co., Ltd. (JP), Hitachi, Ltd. (JP), Panasonic Corporation (JP), Nippon Telegraph and Telephone Corporation (JP), Canon Inc. (JP), Fujitsu Limited (JP)

    Japan Lithium Ion Battery Market Trends

    In Japan, the market for lithium-ion batteries is rapidly growing because of the adoption of electric vehicles (EVs) and the growth in renewable energy utilization. This growth is primarily driven by the government’s initiatives towards a sustainable energy framework as well as the carbon neutrality goal slated for implementation in 2050. The government of Japan has also set several policies including tax credits, subsidies, and grants directed towards the creation and consumption of electric vehicles, which boosts the consumption of lithium-ion batteries. Japanese businesses are investing heavily in battery production and technology development to increase energy density and charging speed.

    The gaps in the market stem from the new developments made in recycling technologies and the new types of batteries known as solid state batteries. It would be easy to improve sustainable and more efficient batteries because Japan has a lot of technological and scientific knowledge. They would also be able to manufacture these types of batteries in a timely manner because there is a growing market for energy storage products that are eco-friendly. Recently, there have been multiple partnerships between automotive companies and technology firms to advance innovation in batteries.

    The research on alternatives for materials and ultra-fast charging refers to the work being done to non-actively used lithium-ion batteries which implies that there is work done to increase the usage opportunities and efficiency of nymph batteries.

    It is one of the new tendencies in the Japanese market to use ai for incorporating automation into the battery management systems for the purpose of improving performance and safety. In general, the market for lithium ion batteries in Japan is quite innovative and undergoing changes because of incoming new technologies, policy changes from the government, and the increasing focus from the people towards eco-friendly options.

    Japan Lithium Ion Battery Market Drivers

    Market Segment Insights

    Get more detailed insights about Japan Lithium Ion Battery Market Research Report - Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The Japan Lithium-Ion Battery Market is characterized by a dynamic competitive landscape where leading companies continuously push the boundaries of technology and innovation. This market is significantly influenced by the increasing demand for energy-efficient solutions across various sectors, including consumer electronics, automotive, and renewable energy. The competition is shaped by factors such as technological advancements, production capabilities, supply chain relationships, and strategic partnerships. Companies operating within Japan’s robust lithium-ion battery market are focusing on sustainability and environmental responsibility, aiming to provide eco-friendly solutions while remaining competitive against global players. 

    The interplay of domestic economic conditions, regulatory frameworks, and consumer preferences also plays a pivotal role in shaping the competitive stance of these firms.Sony holds a prominent position in the Japan Lithium-Ion Battery Market, leveraging its extensive experience in electronics and innovation. With a strong emphasis on RD, Sony has consistently developed high-performance lithium-ion batteries that are widely used in portable electronics, electric vehicles, and energy storage systems. The company’s strong brand reputation is backed by its commitment to quality and efficiency, which resonates well with both consumers and enterprises.

    Sony’s ability to integrate battery technology into its broader product ecosystem provides a competitive edge, boosting its market presence in Japan. The concentration on sustainability initiatives, such as recycling programs and reducing carbon footprints in production, further strengthens its appeal and align with consumer trends towards eco-friendliness.

    Toshiba is another influential player within the Japan Lithium-Ion Battery Market, focusing on delivering innovative solutions that cater to the evolving energy needs of various industries. The company offers a range of lithium-ion batteries, prominently featuring products for industrial applications, transportation, and renewable energy systems. Toshiba's strengths lie in its advanced battery technologies, particularly in providing high-capacity energy storage solutions and fast-charging capabilities. The company has actively engaged in strategic partnerships and collaborations to enhance its technological expertise and expand its market reach. 

    Recent mergers and acquisitions have bolstered Toshiba’s operational capabilities, enabling it to innovate and respond effectively to market demands. Its dedication to research initiatives and investment in sustainable practices emphasizes its commitment to pioneering battery technologies in Japan, positioning the company to meet the growing challenges and opportunities of the industry.

    Key Companies in the Japan Lithium Ion Battery Market market include

    Industry Developments

    Recent developments in the Japan Lithium-Ion Battery Market highlight significant advancements among key players. In October 2023, Sony announced an increase in its production capacity for next-generation lithium-ion batteries, projected to enhance its electric vehicle battery supply amid rising demand. Meanwhile, Panasonic embarked on expanding its partnership with Toyota Industries, focusing on sustainable battery production and innovation, particularly for electric vehicles. Toshiba, having diversified its battery technology offerings, is collaborating with GS Yuasa to develop more efficient energy storage systems. 

    NEC Corporation is also strengthening its market presence through a strategic alliance with Murata Manufacturing for high-performance batteries. In terms of mergers and acquisitions, August 2023 saw Mitsubishi Chemical acquire a controlling interest in a startup focused on eco-friendly battery technology, aligning with Japan's environmental goals. Furthermore, in July 2023, Hitachi Chemical announced its intention to acquire specialized firms that enhance its research capabilities in advanced battery materials. The growing market valuation of these companies reflects Japan’s commitment to becoming a leader in sustainable energy solutions.

    The Japan government continues to support innovation in this sector, setting ambitious targets for battery production efficiency and sustainability by 2030.

    Market Segmentation

    Outlook

    • Lithium Nickel Manganese Cobalt
    • Lithium Manganese Oxide
    • Lithium Iron Phosphate
    • Lithium Cobalt Oxide
    • Lithium Nickle Cobalt Aluminum Oxide
    • Lithium Titanate Oxide

    Lithium-Ion Battery Market Type Outlook

    • Lithium Nickel Manganese Cobalt
    • Lithium Manganese Oxide
    • Lithium Iron Phosphate
    • Lithium Cobalt Oxide
    • Lithium Nickle Cobalt Aluminum Oxide
    • Lithium Titanate Oxide

    Lithium-Ion Battery Market Voltage Outlook

    • Low (below 12V)
    • Medium (below 12V-36V)
    • High (Above 36V)

    Lithium-Ion Battery Market Capacity Outlook

    • 0- 3000 mAh
    • 3000-10000 mAh
    • 10000-60000 mAh
    • 60000 mAh
    • above

    Lithium-Ion Battery Market Industry Outlook

    • Automotive
    • Aerospace
    • Consumer Electronics
    • Marine
    • Industrial
    • Power
    • Telecommunication
    • Medical

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 2.66 (USD Billion)
    MARKET SIZE 2024 3.5 (USD Billion)
    MARKET SIZE 2035 8.5 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.401% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Sony, Toshiba, NEC Corporation, Kanto Electronics, GS Yuasa, NTT Power, Furukawa Electric, Mitsubishi Chemical, Panasonic, Murata Manufacturing, Hitachi Chemical, Sungrow Power Supply, JFE Holdings, Aisin Seiki, Toyota Industries
    SEGMENTS COVERED Type, Capacity, Voltage, Industry
    KEY MARKET OPPORTUNITIES Electric vehicle adoption surge, Renewable energy storage demand, Consumer electronics growth, Advanced recycling technologies development, Government incentives and support
    KEY MARKET DYNAMICS Growing electric vehicle demand, Advancements in battery technology, Government incentives and policies, Increasing energy storage applications, Competitive pricing pressures
    COUNTRIES COVERED Japan

    Market Highlights

    Author
    Garvit Vyas
    Analyst

    Explore the profile of Garvit Vyas, one of our esteemed authors at Market Research Future, and access their expert research contributions in the field of market research and industry analysis

    Leave a Comment

    FAQs

    What is the expected market size of the Japan Lithium-Ion Battery Market in 2024?

    The Japan Lithium-Ion Battery Market is expected to be valued at 3.5 USD Billion in 2024.

    What will be the projected market size of the Japan Lithium-Ion Battery Market by 2035?

    By 2035, the projected market size of the Japan Lithium-Ion Battery Market is expected to reach 8.5 USD Billion.

    What is the expected compound annual growth rate (CAGR) for the Japan Lithium-Ion Battery Market from 2025 to 2035?

    The Japan Lithium-Ion Battery Market is expected to have a CAGR of 8.401% from 2025 to 2035.

    Who are the key players in the Japan Lithium-Ion Battery Market?

    Some of the key players in the Japan Lithium-Ion Battery Market include Sony, Panasonic, and Toshiba, among others.

    Which type of lithium-ion battery segment is projected to have the highest growth in the Japan market by 2035?

    The Lithium Nickel Manganese Cobalt segment is projected to grow to 2.297 USD Billion in 2035.

    What is the market size for Lithium Iron Phosphate batteries in the Japan Lithium-Ion Battery Market for 2024?

    The market size for Lithium Iron Phosphate batteries is expected to be valued at 0.708 USD Billion in 2024.

    What challenges are currently facing the Japan Lithium-Ion Battery Market?

    The Japan Lithium-Ion Battery Market faces challenges such as supply chain constraints and fluctuating raw material prices.

    What applications are driving the growth of the Japan Lithium-Ion Battery Market?

    Applications in consumer electronics, electric vehicles, and renewable energy storage systems are driving growth in the market.

    What will be the market value of Lithium Cobalt Oxide batteries in 2035?

    The market value of Lithium Cobalt Oxide batteries is expected to reach 1.103 USD Billion by 2035.

    Which segment will see the lowest market value in 2024 within the Japan Lithium-Ion Battery Market?

    The Lithium Cobalt Oxide segment is expected to have the lowest market value at 0.5 USD Billion in 2024.

    1. 'TABLE OF CONTENTS
    2. EXECUTIVE SUMMARY
      1. Market Overview
      2. Key Findings
      3. Market Segmentation
      4. Competitive Landscape
      5. Challenges and Opportunities
      6. Future Outlook
    3. MARKET INTRODUCTION
      1. Definition
      2. Scope of the study
        1. Research
    4. Objective
      1. Assumption
        1. Limitations
    5. RESEARCH METHODOLOGY
      1. Overview
      2. Data Mining
      3. Secondary Research
    6. Primary Research
      1. Primary Interviews and Information Gathering Process
        1. Breakdown of Primary Respondents
      2. Forecasting Model
    7. Market Size Estimation
      1. Bottom-Up Approach
        1. Top-Down Approach
      2. Data Triangulation
      3. Validation
    8. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    9. MARKET FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter''s
    10. Five Forces Analysis
      1. Bargaining Power of Suppliers
        1. Bargaining
    11. Power of Buyers
      1. Threat of New Entrants
        1. Threat of Substitutes
        2. Intensity of Rivalry
      2. COVID-19 Impact Analysis
    12. Market Impact Analysis
      1. Regional Impact
        1. Opportunity and
    13. Threat Analysis
    14. JAPAN LITHIUM-ION BATTERY MARKET, BY TYPE (USD BILLION)
      1. Lithium Nickel Manganese Cobalt
      2. Lithium Manganese Oxide
      3. Lithium Iron Phosphate
      4. Lithium Cobalt Oxide
      5. Lithium
    15. Nickle Cobalt Aluminum Oxide
      1. Lithium Titanate Oxide
    16. JAPAN LITHIUM-ION
    17. BATTERY MARKET, BY CAPACITY (USD BILLION)
      1. 0- 3000 mAh
    18. mAh
      1. 10000-60000 mAh
      2. 60000 mAh
      3. above
    19. JAPAN
    20. LITHIUM-ION BATTERY MARKET, BY VOLTAGE (USD BILLION)
      1. Low (below 12V)
      2. Medium (below 12V-36V)
      3. High (Above 36V)
    21. JAPAN LITHIUM-ION
    22. BATTERY MARKET, BY INDUSTRY (USD BILLION)
      1. Automotive
      2. Aerospace
      3. Consumer Electronics
      4. Marine
      5. Industrial
    23. Power
      1. Telecommunication
      2. Medical
    24. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive Analysis
      3. Market share Analysis
      4. Major Growth Strategy in the Lithium-Ion Battery Market
    25. Competitive Benchmarking
      1. Leading Players in Terms of Number of Developments
    26. in the Lithium-Ion Battery Market
      1. Key developments and growth strategies
        1. New Product Launch/Service Deployment
        2. Merger & Acquisitions
        3. Joint Ventures
      2. Major Players Financial Matrix
    27. Sales and Operating Income
      1. Major Players R&D Expenditure. 2023
    28. COMPANY PROFILES
      1. Sony
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      2. Toshiba
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    29. Analysis
      1. Key Strategies
      2. NEC Corporation
    30. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Kanto Electronics
        1. Financial Overview
        2. Products Offered
        3. Key
    31. Developments
      1. SWOT Analysis
        1. Key Strategies
    32. GS Yuasa
      1. Financial Overview
        1. Products Offered
    33. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    34. NTT Power
      1. Financial Overview
        1. Products Offered
    35. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    36. Furukawa Electric
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. Mitsubishi Chemical
        1. Financial Overview
        2. Products
    37. Offered
      1. Key Developments
        1. SWOT Analysis
    38. Key Strategies
      1. Panasonic
        1. Financial Overview
    39. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Murata Manufacturing
        1. Financial
    40. Overview
      1. Products Offered
        1. Key Developments
    41. SWOT Analysis
      1. Key Strategies
      2. Hitachi Chemical
    42. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Sungrow
    43. Power Supply
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. JFE Holdings
        1. Financial Overview
        2. Products
    44. Offered
      1. Key Developments
        1. SWOT Analysis
    45. Key Strategies
      1. Aisin Seiki
        1. Financial Overview
    46. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Toyota Industries
        1. Financial
    47. Overview
      1. Products Offered
        1. Key Developments
    48. SWOT Analysis
      1. Key Strategies
    49. APPENDIX
      1. References
      2. Related Reports
    50. OF ASSUMPTIONS
    51. FORECAST, BY TYPE, 2019-2035 (USD BILLIONS)
    52. MARKET SIZE ESTIMATES & FORECAST, BY CAPACITY, 2019-2035 (USD BILLIONS)
    53. 2035 (USD BILLIONS)
    54. & FORECAST, BY INDUSTRY, 2019-2035 (USD BILLIONS)
    55. DEVELOPMENT/APPROVAL
    56. MARKET ANALYSIS BY TYPE
    57. BY CAPACITY
    58. KEY BUYING CRITERIA OF LITHIUM-ION BATTERY MARKET
    59. OF MRFR
    60. DRIVERS IMPACT ANALYSIS: LITHIUM-ION BATTERY MARKET
    61. IMPACT ANALYSIS: LITHIUM-ION BATTERY MARKET
    62. LITHIUM-ION BATTERY MARKET
    63. (% SHARE)
    64. (USD Billions)
    65. SHARE)
    66. Billions)
    67. LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2019 TO 2035 (USD Billions)
    68. BENCHMARKING OF MAJOR COMPETITORS'

    Japan Lithium-Ion Battery Market Segmentation

    • Lithium-Ion Battery Market By Type (USD Billion, 2019-2035)
      • Lithium Nickel Manganese Cobalt
      • Lithium Manganese Oxide
      • Lithium Iron Phosphate
      • Lithium Cobalt Oxide
      • Lithium Nickle Cobalt Aluminum Oxide
      • Lithium Titanate Oxide

     

    • Lithium-Ion Battery Market By Capacity (USD Billion, 2019-2035)
      • 0- 3000 mAh
      • 3000-10000 mAh
      • 10000-60000 mAh
      • 60000 mAh
      • above

     

    • Lithium-Ion Battery Market By Voltage (USD Billion, 2019-2035)
      • Low (below 12V)
      • Medium (below 12V-36V)
      • High (Above 36V)

     

    • Lithium-Ion Battery Market By Industry (USD Billion, 2019-2035)
      • Automotive
      • Aerospace
      • Consumer Electronics
      • Marine
      • Industrial
      • Power
      • Telecommunication
      • Medical
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