The lithium-ion battery market is expected to grow significantly at a CAGR of 18% by 2027.

Report Ocean The global lithium-ion battery market is valued at $ 36.7 billion in 2019, with a CAGR of 18.0% from 2020 to 2027, projected to reach $ 129.3 billion by 2027. Market Overview: Lithium-ion (lithium-ion) batteries are secondary batteries with high energy density and are mainly used in mobile devices. The market for these batteries is expected to grow significantly during the forecast period due to increasing use in smartphones, tablets / PCs, digital cameras and power tools. In addition, as the demand for electric vehicles grows, the demand for lithium-ion batteries in the automobile industry is expected to grow. Please request a free sample page before purchasing the report: https://reportocean.com/industry-verticals/sample-request?report_id=AMR817 Market drivers and restraints: These batteries are small and lightweight It is gaining popularity among automakers as an alternative to the nickel-metal hydride batteries used in electric vehicles. Thus, the surge in demand for electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHVs) is expected to drive the adoption of lithium-ion batteries, thereby driving global market growth. increase. In addition, the proliferation of more sophisticated portable electronic devices such as smartphones and tablets is expected to increase the demand for these batteries. However, the longer charging times and their higher prices of these batteries used in EV / PHV vehicles are important factors limiting market growth. On the contrary, the increasing energy requirements of consumer gadgets are expected to create many growth opportunities for market players. As technology advances, prominent market players are manufacturing a variety of larger capacity lithium-ion batteries to meet the growing demands of battery users. For example, AES Corporation has announced the launch of the world's largest lithium-ion battery capable of supplying 400 MW of electricity. This battery may replace the battery in the old gas plant that was used to generate electricity. In addition, Tesla has announced that it will build a battery factory called Giga Factory in Nevada, USA, and plans to start production of lithium-ion batteries by 2017. The project is expected to reduce the price of lithium-ion batteries through mass production. Scope of Market Segments: The global lithium-ion battery market is divided into components, end-use industries, and regions. Based on the components, the market is divided into cathodes, anodes, electrolytes, and others (foil, binder, and separator). Depending on the end-use industry, it is categorized into electrical and electronic, automotive, industrial, and others (medical, military, and textile). By region, the lithium-ion battery market is analyzed across North America, Europe, Asia Pacific, and LAMEA. Major companies operating in this market include Automotive Energy Supply Corporation, Panasonic Corporation, Samsung SDI Co., Ltd., LG Chem Power (LGCPI), Litec Co., Ltd., A123 Systems LLC, Toshiba Co., Ltd., Hitachi Chemical Co., Ltd. It will be. .. , Ltd., China BAK Battery Co. Ltd., and GS Yuasa International Ltd. Key Benefits for Stakeholders For more information, please email sales@reportocean.com. The report also provides a detailed analysis of Japan by major market segment component by end-use industry by region Read more: https://reportocean.com/industry-verticals/sample-request?report_id=AMR817 We Regarding: We are the best market research report provider in the industry. Report Ocean believes in providing quality reports to its clients to reach their top and bottom line goals of increasing market share in today's competitive environment. Report Ocean is a "one-stop solution" for individuals, organizations and industries looking for innovative market research reports.

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