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How Lithium-ion Battery Market will Grow at Highest CAGR
Lithium-ion Battery Market
For More Information and Detailed Scope of this Report, Visit @ https://www.fortunebusinessinsights.com/industry-reports/lithium-ion-battery-market-100123
Some of the leading companies that are operating in the global lithium-ion batteries market are Panasonic, Toshiba, LG Chemical, Tesla, A123 Systems, eCobalt Solutions, BYD, Contemporary Amperex Technology, Johnson Control, Samsung SDI Co., Ltd., Hitachi Global, and Shenzhen BAK Battery CO., Ltd.
“The Advent of Solid Electrolyte Interface to Stoke Growth”
Lithium-ion batteries are produced by a protecting layer, implanted on the negative electrode of the battery. The continuous and repeated use of batteries leads to fading of these electrodes. The fading ultimately makes these batteries unusable, thereby reducing the life of the batteries. To overcome these problems, scientists have discovered a new concept to increase the battery life of the lithium-ion batteries.
A new concept called a solid electrolyte interface (SEI) has been introduced to ensure the longevity and performance of the batteries. SEI is a reactive material made of polymer, lithium nanoparticles, and graphic oxide sheets. This material acts as a protective layer for the lithium metal and helps reduce the reaction of lithium metal with electrolyte compounds. This, in turn, helps in reducing the fading of the battery. Less fading indicates more battery life and scientists claim that further advancements in SEI concepts can help the lithium-ion batteries generate an energy density that is twice the amount of the previous batteries.
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Fortune Business Insights has predicted that this concept will boost the global lithium-ion battery market and will help the market grow in the coming years.
“3-D Printed Lithium-ion Batteries Will Lead to High Demand”
Lithium-ion batteries are used across diverse applications. The use of lithium-ion batteries may range from simple pocket-sized electronic devices to heavy-weight automobiles and machinery. Recently, a team of researchers at the American Chemical Society has discovered a way to print customized 3-dimensional lithium-ion batteries. It is seen that the current scenario of lithium-ion batteries is somewhat monotonous and they are mostly available in either cylindrical or rectangular shapes.
The 3-dimensional printer will help produce batteries of various shapes and sizes. The flexibility in size and shape may lead to an increase in applications and thereby lead to a rise in demand. The increasing demand will have a positive impact on the global lithium-ion market and will enable the growth of the market in the coming years.
The report includes detailed discussions on developments similar to the aforementioned cases and gauges the impact of these developments on the global market. Fortune Business Insights profiles some of the renowned companies and the attractive business strategies that they are adopting. Fortune Business Insights gives a detailed analysis of how numerous mergers and acquisitions, along with the investments made in research and development of lithium-ion batteries.
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Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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