Lithium Ion Battery Market To Increase at Steady Growth Rate 2020 - 2026 | Key Vendors LG Chem Ltd., Valence Technology Inc., Saft Groupe S.A.

Lithium ion batteries can store a lot of energy since lithium is a highly reactive element. They have a high energy density and require little maintenance; a lithium-ion battery may store 150 watt-hours of electricity in one kilogramme. Some lithium ion batteries have a high current density, making them ideal for mobile electronic equipment users, while others have a high current level, making them ideal for power tools and electric vehicles.

Some of the major companies operating in the global lithium-ion batteries market are LG Chem Ltd., Valence Technology Inc., Saft Groupe S.A., Panasonic Corporation, BYD Co. Ltd., Samsung SDI Co., Ltd., BAK Group, GS Yuasa Corporation, Johnson Controls Inc., Hitachi, Ltd., Toshiba Corporation, and A123 Systems, LLC. .

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Increasing Demand for Automotive Applications to be the Major Market Driver in the Lithium Ion Battery Market

"Global trends of energy storage systems that use lithium ion batteries are predicted to quadruple from less than $2 billion in 2015 to around $6 billion by 2020," according to a report by Battery Power. The most promising market for lithium ion battery producers is predicted to be Asia Pacific. Lithium ion batteries are in high demand for consumer and commercial goods in nations like India and China, as seen by the rapid growth of the automotive industry.

Lithium Ion Battery Market Taxonomy

On the basis of material type, the global market is segmented into:

Cathode
Anode
Binders
Foils
Electrolytic solution
Separators
On the basis of power capacity, the global market is classified into:

5–25 Wh
18–28 KWh
48–95 Wh
100–250 KWh

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