Press release
Lithium-ion Battery Market will rise due to increasing demand for electric vehicles | Samsung SDI, LG Chem, Panasonic, BYD
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Lithium-ion batteries are a type of rechargeable battery that have become increasingly popular in recent years due to their high energy density and low self-discharge rate. Lithium-ion batteries are made up of a positive electrode (cathode), a negative electrode (anode), and a electrolyte that allows ions to flow between the two electrodes. When the battery is in use, the lithium ions flow from the cathode to the anode and back again, creating an electric current.
Key Players
-Samsung SDI
-LG Chem
-Panasonic
-BYD
-Amper*ex
-AESC
-A123 Systems
-Johnson Controls
-Ener1
-GS Yuasa
-Hitachi Maxell
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Key Trends and Drivers
Lithium-ion batteries are one of the most popular types of batteries on the market today. They are used in a wide variety of applications, including cell phones, laptops, and electric vehicles.
One of the key trends in the lithium-ion battery market is the increasing demand for electric vehicles. Electric vehicles are becoming increasingly popular due to their environmental benefits and lower operating costs. Lithium-ion batteries are the preferred type of battery for electric vehicles due to their high energy density and long life span.
Another key trend in the lithium-ion battery market is the increasing demand for energy storage systems. Energy storage systems are used to store excess energy from renewable sources, such as solar and wind. Lithium-ion batteries are well-suited for energy storage applications due to their high energy density and low self-discharge rate.
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Market Segments
By Component
-Cathode
-Anode
-Electrolytic Solution
-Others
By End Use Industry
-Electrical & Electronics
-Automotive
-Industrial
-Smart Grid & Renewable Energy Storage
-Others
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