Tag Archives: Lithium-Ion Battery Market Size

Lithium Ion Battery Market Size to Reach USD 68.97 Billion by 2022

The Lithium Ion Battery Market is expected to be valued at USD 68.97 billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022. The growth of this market is propelled by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries.

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Automotive Lithium-Ion Battery Industry Key Raw Materials Analysis, Growth Rate From 2014-2025

Increasing awareness regarding the advantages of Electric Vehicles (EVs) backed by favorable government initiatives is anticipated to drive the ****** Automotive Lithium-Ion Battery Market over the forecast period.  Rising need for high power and high energy density along with excellent safety performance along with minimum self-discharge and low maintenance capabilities are stimulating growth in industry. Escalated adoption of Li-ion batteries in hybrid electric vehicles is driving industry growth. Automotive Li-ion batteries provide higher efficiency than traditional Lead batteries. Additionally, Li-ion batteries are perceived as green alternatives to lead and Absorbed Glass Mat (AGM) batteries. High endurance feature makes these batteries apt for high drain devices and automobiles.

Lithium-Ion Battery Industry : Share, Market Size, Growth, Scope, Forecast And Analysis Report 2018

This report studies the ****** Lithium-Ion Battery market status and forecast, categorizes the ****** Lithium-Ion Battery market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).

Lithium-ion batteries are used in applications that require lightweight and high-energy density solutions. These batteries provide the highest energy density per weight and are mostly used in cellular phones, notebook computers, and hybrid automobiles.

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