Press release
Lithium-Ion Battery Market Growing at a CAGR of 13.70% Between 2017 and 2022
As per analysts at Zion Market Research, global lithium-ion battery market was capitalized at almost USD 31.17 Billion in 2016 and is likely to create income of USD 67.70 Billion by 2022, developing at a CAGR of slightly more than 13.70% from 2017 to 2022.
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Increasing Acceptance Of Li-Ion Battery In Various User Electronics To Bolster The Development Of Global Lithium-Ion Battery Market
As per analysts at Zion Market Research, the lithium-ion battery market grows at fastest rate owing to its acceptance in various user electronics such as tablets, smartphones, MP3 players, and digital cameras among others. Li-ion batteries are one of the most accepted batteries in the globe owing to the global employment of laptop computers and mobile phones. In addition to this, the requirement for Li-ion batteries in the automobile sector is more due to rising requirement for electric cars, thereby boosting the lithium-ion battery market.
In addition to this, various M&A by major market players is also set to bolster the development of lithium-ion battery market. For example, in December 2017, Panasonic Corporation joined hands with Toyota Motor Corp for the development of Li-ion prismatic cells. This deal is aimed to deal with the rising expectations and demand for electric cars.
Consumer Electronics To Lead The Lithium-Ion Battery Market With Biggest Share Of The Global Market In Future
The lithium-ion battery market is divided on the basis of its power capacity into 48–95 Wh, 5–25 Wh, 100–250 KWh, 18–28 KWh, and more than 300 KWh. 5-25 Wh section is one of the top divisions of lithium-ion battery market. The section added for more than 32% of the total lithium-ion battery market in terms of income. 18-28 KWh division is likely to develop at a noteworthy rate in the years to come.
A number of applications sections of lithium-ion battery market comprise aerospace, automotive, consumer electronics, defense, and industrial among others. Consumer electronics is the top section of lithium-ion battery market and added up for the biggest share of the global lithium-ion battery market. This division is likely to carry on its supremacy in the global lithium-ion battery market all over the forecast period owing to increasing demand tablet, smartphone, and laptop. Industrial and automotive are other major outlets of the lithium-ion battery market and are likely to show significant development in the lithium-ion battery market within the forecast period.
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The global lithium-ion battery market is segmented as follows:
By Power
5–25 Wh
48-95 Wh
18–28 KWh
100–250 KWh
More than 300 KWh.
By Application
Consumer electronics
Automotive
Aerospace and Defense
Industrial
Others
By Region
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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