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Lithium-Ion Battery Market Latest Trends and Future Growth Study 2022-2030

08-24-2022 03:38 PM CET | Energy & Environment

Press release from: P&S Intelligence

Lithium-Ion Battery Market Latest Trends and Future Growth

The lithium-ion battery technology primarily involves the usage of lithium ions as a major component of electrochemistry. During the discharge cycle, the lithium atoms in the anode are ionized and separated from electrons. After that, they move from the anode, pass through the electrolyte and reach the cathode to recombine with the electron and neutralize the charge. The lithium ions are extensively small to pass through a micro-permeable separator between cathode and anode. Lithium-ion batteries are capable of storing high voltage charge at per unit volume and mass.

The sales of lithium-ion batteries contributed approx. $46,142.1 million revenue in 2021, and it is projected to rise to $165,847.8 million worth, advancing at a rate of 15.3% from 2022 to 2030. In addition, Li-ion batteries can utilize a variety of materials as electrodes; the most common cathode and anode combination is lithium cobalt oxide and graphite, which are usually found in portable electronic devices such as laptops and cell phones. The other materials for cathode include lithium manganese oxide which is usually found in HEVs, and EVs, and lithium iron phosphate. In addition, ether is commonly used as an electrolyte in Li-ion batteries.

Get the sample pages of this report@ https://www.psmarketresearch.com/market-analysis/lithium-ion-battery-market/report-sample

The Li-ion batteries have the highest energy densities, among all the battery technologies measuring around 100-265 Wh/kg or 250-670 Wh/L. Li-ion battery cells are capable of delivering around 3.6 volts, which is three times higher than Ni-Cd, or Ni-MH battery technologies. It reflects the capability of Li-ion batteries to deliver high amounts of electric charge for high-power applications. They require low-maintenance without any need for the scheduled cycling to battery life maintenance.

Moreover, the Li-ion batteries show no memory effect, unlike Ni-Cd and Ni-MH batteries, this effect is a detrimental process that involves repeated charge/discharge cycles resulting in batteries remembering a lower capacity. The low self-discharge rate of Li-ion batteries is around 1.5 to 2% per month. In addition, the absence of toxic cadmium in them makes it easy to dispose of them.

Therefore, the high energy density of the Li-ion batteries, and the potential to deliver high voltage charge for high-power applications fuels their sales.

Browse full report at@ https://www.psmarketresearch.com/market-analysis/lithium-ion-battery-market

Market Segmentation by Type

Lithium Nickel Manganese Cobalt (Li-NMC)
Lithium Iron Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Manganese Oxide (LMO)
Lithium Nickel Cobalt Aluminum Oxide (NCA)

Market Segmentation by Capacity

0-3,000 mAh
3,001-10,000 mAh
10,001-60,000 mAh
More than 60,000 mAh

Market Segmentation by Application

Consumer Electronics
Automotive
Aerospace and Defense
Medical
Telecom
Industrial

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://chemicalmaterialsnews.blogspot.com

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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