Press release
Lithium-ion Battery Market Is Estimated To Grow At A CAGR of 11.34% By 2021: Hexa Reports
About Lithium-ion Battery
Lithium-ion batteries are rechargeable batteries in which carbon serves as an anode and Lithium-ion acts as a cathode. The advantage of using these batteries is that they increase the thermal stability, have higher current density, and have a longer shelf life than other battery technologies available in the market. Lithium-ion batteries are used in high power applications such as hybrid electric vehicles (HEVs), electric vehicles (EVs), and consumer electronics devices. One of the key reasons for this significant growth is the increased adoption of EVs and HEVs worldwide. In 2016, APAC dominated the Li-ion battery market, followed by the Americas and EMEA.
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The global lithium-ion battery market to grow at a CAGR of 11.34% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global lithium-ion battery market for 2017-2021. To calculate the market size, the report considers the cumulative sales in the market and exclude aftermarket.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
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Key Vendors
• A123 Systems
• Automotive Energy Supply
• LG Chem
• Panasonic
• SAMSUNG SDI
• Toshiba
Market Driver
• Augmented demand from consumer electronics market due to enhanced consumer spending
• For a full, detailed list, view our report
Market Challenge
• Growing popularity of fuel cell solutions
• For a full, detailed list, view our report
Market Trend
• Legislative support for battery recycling
• For a full, detailed list, view our report
Key questions answered in this report
1. What will the market size be in 2021 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
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About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Information:
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