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Procurement Market Intelligence Report

Lithium-Ion Batteries
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Lithium-Ion Batteries?

What is the average price of Lithium-Ion Batteries?

This procurement report includes pricing information to help you purchase Lithium-Ion Batteries. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Lithium-Ion Batteries been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Lithium-Ion Batteries yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Lithium-Ion Batteries?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Lithium-Ion Batteries with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Lithium-Ion Batteries?

The lithium-ion battery market exhibits a high level of market share concentration, with the top four vendors (Panasonic, LG, BYD and Johnson Controls) generating about 65.0% of market revenue in 2019. ProcurementIQ estimates that there are 3,072 suppliers that sell lithium-ion batteries operating in the United States. During the past... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?


What do your warranties cover?

What are the terms and conditions of the warranty? Does the warranty require paperwork?

What is your procedure for handling defect and loss claims? Will I have the right to appoint my own representative to investigate a loss?

Are there any instances or circumstances that will void the warranty that I should be aware of?

How long does the warranty last?

Can I purchase an extended warranty?


How often do you experience defects with your products? To what degree are in-process inspections and process controls carried out?

What types of technical issues have you experienced with this product?

How do you ensure your product's quality? What performance-monitoring systems are in place at your company?

How many employees do you have in production roles, and how many are in quality control roles?

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Key elements for every RFP

What should my Lithium-Ion Batteries RFP include?

Project Budget

Buyers should explicitly state the amount for the award.

Buyers should explain their desired payment schedule.

For assistance in ascertaining a reasonable price and price range for lithium-ion batteries, buyers can consult the Benchmark Price section of this report.

Selection Criteria

Buyers should look for suppliers that have been in business for a long time and have direct experience providing the kind of batteries they are seeking.

Buyers should ask for a list of references from current and former customers.

Buyers should give preference to local suppliers because it will cut down costs related to transportation and using a local supplier will simplify communication.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should communicate to prospective suppliers when award information results will be provided.

Buyers should provide general expectations with regard to response time and customer service.

Buyers should list the expected delivery date once a prospective supplier is chosen.

Evaluate major factors to mitigate risk

How risky is the Lithium-Ion Batteries supply chain?

Vendors of lithium-ion batteries face a moderate level of risk from their supply chains. Market vendors rely on upstream suppliers that produce the nickel and plastic components that are used in lithium-ion batteries. Because purchases make up a substantial portion of the average vendor's cost structure, buyers should be aware... Subscribe to learn more.