Lithium-Ion Battery Market Size Worth $ 110.2 Billion By 2026 | CAGR: 16.1%

The global Lithium-Ion Battery market size is expected to reach USD 110.2 billion by 2026 according to a new study by Whipsmart Research. The report “Lithium-Ion Battery Market by Type (Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA)), Power Capacity (0 TO 3,000 mAH, 3,000 TO 10,000 mAH, 10,000 TO 60,000 mAH, More Than 60,000 mAH), Industry (Consumer Electronics, Automotive, Marine, Aerospace and Defense, Medical, Industrial, Power, Telecom), Voltage (Low (Below 12 V), Medium (12 V – 36 V), High (Above 36 V)), By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Get the details about the report on the below link -
https://whipsmartmi.com/report/lithium-ion-battery-market/

Escalate buying intensity of shoppers combined with a predictable decrease in the cost of electric vehicles will move the market development. What's more, the usage of rigid guidelines to confine carbon outflows across the transportation part will decidedly affect the business development.

Expanding appropriation of green energy advances alongside developing interest for energy storage systems (ESS) will help the lithium battery promote development. ESS mitigates worries toward energy security and gives a financially savvy and reasonable answer for fulfilling the expanding energy need. Various nations over the globe have declared targets pointed toward controlling carbon discharge and advance innovations which will drive the product penetration.

In the global Lithium-Ion Battery market, Asia Pacific accounted for the most important share of the lithium-ion battery market. This regional market is additionally estimated to grow at a faster rate during the forecast period. This will be attributed to the high an increase in the production of electric vehicles and lithium-ion batteries used in vehicles is driving the market in China.

The key players in the market BYD Company (China), LG Chem (South Korea), Panasonic Corporation (Japan), Samsung Sdi (South Korea), Bak Group (Bahrain), GS Yuasa Corporation (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba Corporation (Japan), Lithium Werks (Netherlands), Tesla (U.S) among others. Development of fast chargin, novel product development and aggressive marketing campaigning are some of the success factors in the industry.

Whipsmart Market research has segmented the Lithium-Ion Battery market report on the basis of type, power capacity, industry, voltage and region

Lithium-Ion Battery Type Outlook (Revenue, USD Billion, 2019 – 2026)
Lithium Nickel Manganese Cobalt (LI-NMC)
Lithium Iron Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Titanate Oxide (LTO)
Lithium Manganese Oxide (LMO)

Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium-Ion Battery Power Capacity Outlook (Revenue, USD Billion, 2019 – 2026)
0 TO 3,000 mAH
3,000 TO 10,000 mAH
10,000 TO 60,000 mAH
More Than 60,000 mAH

Lithium-Ion Battery Industry Outlook (Revenue, USD Billion, 2019 – 2026)
Consumer Electronics
Automotive
Marine
Aerospace and Defense
Medical
Industrial
Power
Telecom

Lithium-Ion Battery Voltage Outlook (Revenue, USD Billion, 2019 – 2026)
Low (Below 12 V)
Medium (12 V – 36 V)
High (Above 36 V)

Lithium-Ion Battery Regional Outlook (Revenue, USD Billion, 2019 – 2026)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Russia
Asia Pacific
Japan
Korea
Latin America
Mexico
Brazil
Colombia
Middle East & Africa
Saudi Arabia
Israel

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About Whipsmart MI:
Whipsmart MI provides fact based consulting services in the B2B and B2C domains to help assess complex VUCA developments and provide strategic intelligence to achieve transformational growth by identifying niche high growth opportunities. We facilitate the growth journey through a unique approach using a multitude of inputs to assess changes in the marketplace, disruptive trends, technologies, whitespaces and adjacencies across industries that will eventually impact respective industry domains.
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This release was published on openPR.