How Lithium-ion Battery Market Will Dominate In Coming Years?

Lithium-ion Battery Market: Introduction
The global lithium-ion battery market is expected to expand at a CAGR of 11.8% CAGR during the forecast period of 2021 to 2031, according the analysts of a new research report published by Transparency Market Research. This study highlights that the lithium-ion battery market is expected to gather prodigious sales opportunities from various end-user industries such as automotive and consumer electronics. The newly published research report gives 360-degree analysis of many important facets such as challenges, growth avenues, trends, and drivers of the lithium-ion battery market for the forecast period. It also sheds light on various threats in the market for lithium-ion battery.

Get PDF sample for Industrial Insights and business Intelligence - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=251

Growth in Government Initiatives to Encourage Usage of Electric Vehicles
Lithium-ion battery comprises many components such as anode, cathode, electrolyte, and separator. The product is gathering traction across end-use industries, owing to various features it offers. High discharge power, low impact of time, and high energy density are some of the key advantages of this product making it suitable for use in electric vehicles.

In the past few years, government authorities of many countries across the globe have been taking initiatives to reduce pollution levels and carbonization. Several developing nations such as China and India experience availability of huge spaces to introduce manufacturing capacities and abundant presence of natural resources. Government bodies are utilizing these factors to shift their focus toward increasing the production of electric vehicles instead of fuel-powered vehicles. This is projected to work as key driver of the lithium-ion battery market in the next few years.

Government authorities across major parts of the globe are raising awareness pertaining to the advantages of using electric vehicles. Several key regions are increasingly focusing on promoting the use of such vehicles by offering incentives for the adoption of zero or low emission vehicles. Thus, noteworthy growth in the adoption of electric vehicles is expected to create lucrative avenues for players operating in the global lithium-ion battery market in the years ahead.

Expansion of Lithium-ion Battery Market
The segmentation of the global lithium-ion battery market is performed on the basis of various key aspects such as product, end-use industry, and region. In terms of product, the market for lithium-ion battery has been classified into battery pack, energy storage system (ESS), and cell/module. Based on end-use industry, the lithium-ion battery market has been divided into automotive, grid energy & industrial, and consumer electronics. On the basis of region, the market for lithium-ion battery has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Request for Custom Research -
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=251

Players in Lithium-ion Battery Market Focus on New Product Launches and Production Expansions
A123 Systems LLC, BYD Company Limited, Samsung SDI Co. Ltd, LG Chem, Ltd., , Panasonic Corporation, Toshiba Corporation, Murata Manufacturing Co. Ltd., Maxell Holdings, and Clarios Power Solutions are some of the key players operating in the global lithium-ion battery market. The presence of many players is the indication of high level of competition in the market for lithium-ion battery.

Major companies in the global lithium-ion battery market are increasing their participation in various organic and inorganic strategic moves. Several players are focused on the expansion of their production capabilities. At the same time, many companies in the lithium-ion battery market are utilizing new product launch as one of their key strategies to lead the market.

Companies in the global lithium-ion battery market are likely to focus on strengthening their logistics services. This can help them offer seamless and efficient delivery of batteries to all customers, thereby attracting more customers.

Access Full Report at - https://www.transparencymarketresearch.com/checkout.php?rep_id=251<ype=S

Global Lithium-ion Battery Market: Segmentation
Lithium-ion Battery Market, by Product Type
• Cell/Module
• Battery Pack
• Energy Storage System (ESS)

Lithium-ion Battery Market, by End-use Industry
• Consumer Electronics
• Automotive
• Grid Energy & Industrial

About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.