DUBLIN--(BUSINESS WIRE)--The "Global Lithium-Ion Battery Market Analysis (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Lithium-Ion Battery Market size is expected to reach $50.9 billion by 2023, rising at a market growth of 10.6% CAGR during the forecast period.
Lithium-ion (Li-ion) batteries are rechargeable batteries, and they are high in energy density and used largely in portable equipment. Rapid growth in the adoption of smartphones, tablets/PCs, digital cameras, and power tools is expected to significantly contribute to the market expansion. Growing demand for electric vehicles is expected to significantly contribute to the growing demand for Li-ion batteries in the automobile sector. Li-ion batteries are popular among the automobile manufacturers, as they are a better alternative for nickelmetal based batteries, used in electric vehicles. The li-ion batteries are small sized and light weighted.
The lithium-ion battery market is in its nascent stage. Nevertheless, the demand for the same is expected to increase significantly during the forecast period. The high cost associated with the adoption of lithium battery is expected to be a major limitation the adoption of the same into various devices.
Based on Material Type, the Lithium-Ion Battery market segments the market into Cathode, Anode, Electrolytic Solution, and Others. Based on Vertical, the market report segments the market into Electronics, Automotive, Industrial, and Others. Based on Regions, the Lithium-Ion Battery market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
- Toshiba Corporation
- Panasonic Corporation
- GS Yuasa Corporation
- Automotive Energy Supply Corporation (AESC)
- BAK Group
Samsung Electronics Co. Ltd.
Key Topics Covered:
1. Market Scope & Methodology
2. Market Overview
3. Global Lithium-Ion Battery Market
4. Global Lithium-Ion Battery Market by Vertical
5. Global Lithium-Ion Battery Market by Region
6. Competitive Study
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/wtkm3t/global?w=4