Press release
Lithium Ion Battery Market Report 2024: Market Segments, Size, Trend and Market Projections for Upcoming Years
Infinium Global Research
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Growing use of rechargeable batteries in the consumer electronics sector drives the growth of lithium ion battery market. These batteries are vastly used in the portable electronic devices such as mobiles, tablets, smartwatches and others. The growing consumption of smartphones and ongoing advancements in battery technology are anticipated to boost the demand of lithium ion battery market. In addition, trending advancements in the electric vehicle and hybrid electric are anticipated to escalate the growth of lithium ion battery market. Favorable government policies regarding renewable energy that in turn to have positive impact on the global lithium ion battery market.
Market Segmentation by Type
There are various types of lithium ion batteries are available such as Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Nickel Manganese Cobalt Oxide Lithium Nickel Cobalt Aluminum Oxide Lithium Iron Phosphate Lithium Titanate. These listed material are the active materials bounded with common Li-ions and mostly used in mobile phones, laptops and digital cameras.
Regional Analysis
Among the regions that covered in the scope of the global lithium ion battery market report, Asia Pacific is the largest and the fastest growing region. The presence of well-established consumer electric product manufactures in this region drives the growth if lithium ion battery market. In addition, the growing automotive sector and high adoption of electric vehicles are projected to create several growth opportunities in this market.
Market Key Players
The key players in the global automotive battery market include Panasonic, BYD Co., LG Chem, Samsung, GS Yuasa Corporation, Hitachi, Toshiba Corporation, China BAK Battery Co. Ltd, Automotive Energy Supply Corporation (AESC) and Johnson Controls.
Read Detailed Index of full Research Study @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-lithium-ion-battery-market
About Infinium Global Research
Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.
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