Global lithium-ion battery market to 2025: emergence of novel technologies to upgrade existing materials in Li-Ion batteries

摘要

The”Lithium Ion Battery Market to 2025-Global Analysis and Forecasts Type,by Power Capacity,by Application”report has been added to ResearchAndMarkets.corn's offering.The global Lithium-Ion Battery market was valued at $23,500 M in 2017 and is expected to grow at a CAGR of 14.9% during the forecast period 2018-2025,growing to $71,000 M by 2025.Advantages such as higher energy efficiency,and extended battery life provided by these batteries are leading to wider adoptions,ultimately driving the lithium-ion battery market.In the current scenario almost all the computer electronics,smartphones,tablets,and other consumer electronic devices are powered by a lithium-ion battery,which is catalyzing the growth of lithium-ion battery market.The development of advanced energy storage technologies is a critical factor in the success of the decarbonisation of modern economies.Modern devices rely more on Lithium-ion batteries which are extensively used in different types of consumer electronics and hybrid & electric vehicles.Along with this,the demand for wearable devices is getting higher such as smart watches and healthcare bands etc.The customers are demanding more from these industries in terms of energy storage,speed of recharge,and working conditions.