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Lithium Ion Battery Market to Reap Excessive Revenues by 2025

03-26-2020 05:35 PM CET | Energy & Environment

Press release from: Allied Market Research

Lithium Ion Battery Market to Reap Excessive Revenues by 2025

Increasing demand for electric, hybrid electric, and plug-in hybrid vehicles, stringent government measures to control air pollution, and growing demand for smartphones, tablets, and other devices drive the growth of the global lithium-ion battery market.

The report offers detailed insights on the top investment pockets, drivers & opportunities, industry trends, key market segments, top investment pockets, and competitive landscape. According to the report, the global lithium-ion battery market was pegged at $30.19 billion in 2017 and is expected to garner $100.43 billion by 2025, registering a CAGR of 17.1% from 2018 to 2025.

Automotive segment to create lucrative opportunities

The automotive segment constituted more than half of the market revenue in 2017, as electric & hybrid vehicles are the major consumers of lithium-ion batteries. This segment would grow at the fastest CAGR of 17.4% during the study period, as rapid technological advancements has fueled the demand for these batteries by 2025. The report analyzes other prominent segments including electronics, industrial, and others.

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Cathode segment to hold the largest market share through 2023

In 2017, the cathode segment was the largest contributor to the market, accounting about one-third of the total market revenue and is expected to continue its dominance throughout the forecast period. However, the electrolytic solution segment is estimated to register the fastest CAGR of 17% from 2018 to 2025.

Asia-Pacific region governs the market

The lithium-ion battery market in Asia-Pacific contributed about 40% of the total market share in 2017. It is expected to maintain its dominance throughout the forecast period, owing to the growing sales of automobiles in developing economies such as India and China.

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Key market players

The key players analyzed in the report include Automotive Energy Supply Corporation, Samsung SDI Co. Ltd., LITEC Co., Toshiba Corporation, China BAK Battery Co. Ltd., Panasonic Corporation, LG Chem Power (LGCPI), A123 Systems, Hitachi Chemical Co., Ltd., and GS Yuasa International Ltd.

Access Full Report:https://www.alliedmarketresearch.com/lithium-ion-battery-market

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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