Lithium Polymer Battery Market
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Lithium polymer battery is expected to see adoption at a large scale in the hand-held electronic devices such as laptops, mobiles, and cameras among others. Any electronic devices that requires frequent burst of power for a long period of time can be powered with a lithium polymer battery. The features such as video calling, cameras, wireless communications, GPS (Global Positioning System) navigation and high-fidelity audio found in consumer electronic products today can be operated efficiently for a longer period of time with the help of lithium ion batteries. Similarly, the other industrial hand-held devices such as RFID (Radio-frequency identification) communications, bar code scanners, display refreshes, GPS chips and audio amplifiers can also be operated more efficiently with the help of Lithium polymer battery.However, high manufacturing cost is one of the primary factor predicted to deter the market growth of lithium polymer battery in the coming years. Increased manufacturing cost of battery increase the overall price of the end products, thereby affecting the demand negatively. This in turn is predict to limit the demand of lithium polymer battery from various application segments. Moreover, safety concern involved with the usage of lithium polymer batteries coupled with increasing demand of its substitute, lithium ion battery owing to high energy density and low self-discharge cycle is another important factor expected to restrain the demand of lithium polymer battery across various regions.
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