Press release
Global Lithium-Ion Battery Market Is Expected To Boost In The Coming Years, Driven By Surge In Demand For Electric Vehicles
Variant Market Research
Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/lithium-ion-battery-market
Increase in demand for electronic devices such as smartphones and tablets, and stringent government regulations to decrease pollution level fuels the demand of global Lithium-Ion Battery Market. Additionally, surge in demand for electric vehicles has also boosted the market growth. However, high cost and risk of fire in electronic devices would act as a restraint for the market. Growth in automobile industry would generate new business opportunities for the market in the near future.
The global lithium-ion battery market is segmented on the basis of material type, industry vertical, and geography. By material type, the market is further divided into cathode, anode, electrolytic solution, and others. Cathode accounted for the highest market revenue in 2016. Furthermore, the industry vertical segment is categorized into industrial, electronics, automotive, and others. Electronics accounted for the largest market share in the overall application segment in 2016, owing to huge demand of lithium-ion batteries in smartphones and other electronic devices. The automotive segment is anticipated to grow at the fastest CAGR, owing to its increased demand in various electronic vehicles.
Click here to request a free sample of this report at https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/lithium-ion-battery-market/sample-request
Geographically the market is categorized into North America, Europe, Asia-Pacific and RoW. In 2016, Asia-Pacific accounted for the largest market share of 38.6%, and is expected to continue its dominance during the forecast period, driven by rising demand from consumer electronics and increase in number of electric vehicles (EVs) in Japan, China and India. North America accounted for the second largest market share of 32.6%, as the lithium-ion batteries are broadly used in the automotive sector in North America. In terms of growth, Asia-Pacific is expected to attain the fastest CAGR of 12.3% during the forecast period 2016-2024, driven by increasing adoption of these batteries in tablets, laptops & PCs, and smartphones.
Major companies operating in the global lithium-ion battery market are Samsung SDI Co. Ltd., LG Chem Power (LGCPI), LITEC Co., Ltd., Automotive Energy Supply Corporation, A123 Systems, LLC., Panasonic Corporation, Hitachi Chemical Co., Ltd., Toshiba Corporation and GS Yuasa International Ltd., China BAK Battery Co. Ltd., among others.
We at Variant Market Research provide syndicated as well as customized reports along with short and long term consulting services pertaining to your requirements; offering accurate analysis, post precise data mining and analysis of information gathered. Adding to that, our offerings also include customized data pack, proposing market sizing in an Excel/PDF/PPT/Word format as per the need of our consumers.
VARIANT MARKET RESEARCH LLP
Web: www.variantmarketresearch.com/
649 Mission St.,
5th Floor, San Francisco,
CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: help@variantmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Lithium-Ion Battery Market Is Expected To Boost In The Coming Years, Driven By Surge In Demand For Electric Vehicles here
News-ID: 630222 • Views: …
More Releases from Variant Market Research
Global SCADA Market is Expected to Reach $48 Billion by 2024, Says Variant Marke …
Global SCADA Market Report, published by Variant Market Research, forecast that the global market is expected to reach $48 billion by 2024 from $31 billion in 2016; growing at a CAGR of 5.7% from 2016 to 2024. By geography, Rest of the World (RoW) and Asia Pacific are expected to grow at a CAGR of 6.6% and 6.4%, respectively, during the forecast period.
"SCADA Market (By Component: Programmable Logic Control, Human…
Global Baby Diapers Industry Outlook: Growth in Per Capita Income to Drive the M …
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global baby diapers market size is projected to reach $72 Billion by 2024 from $48 Billion in 2016. In this report, baby diapers market forecast says that the global market is growing at 5.1% CAGR from 2016 to 2024.Geographically; Asia Pacific and RoW are expected to grow at a CAGR of 6.8% and 5.8%,…
High adoption in End-User Industries Drives Global Corrugated Packaging Market
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global corrugated packaging market size is projected to reach $218 million by 2024 from $158 million in 2016. In this report, corrugated packaging market forecast says that the global market is growing at 4.1% CAGR from 2016 to 2024.
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/consumer-goods/corrugated-packaging-market/sample-request…
Cold Pain Therapy Market is boosted due to increased sports activities
According to a new report published by Variant Market Research, the global cold pain therapy market size is forecasted to reach $1,185 Million by 2024 from $824 Million in 2016, growing at a CAGR of 4.6% from 2016 to 2024. Geographically, Asia-Pacific and Europe are expected to grow at a CAGR of 6.3% and 4.4%, respectively, during the forecast period says the report.
Click Here to Request a Free Sample PDF…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
