DUBLIN–(BUSINESS WIRE)–The “Lithium Ion Battery Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global lithium-ion battery market to grow with a CAGR of 12.1% over the forecast period of 2018-2024.
The rapidly growing use of lithium-ion batteries in consumer electronics drives the growth of the lithium-ion batteries market. The benefits of lithium-ion batteries over the other traditional batteries include high energy density, low self-discharge level and longer shelf life, so they are vastly used in consumer electronics.
In addition, the adoption of the lithium-ion battery for the automotive sector in hybrid and electric vehicles are rising with a faster rate that is likely to boost the demand of the lithium-ion battery market. Furthermore, the factors such as growing renewable energy sector and favorable government policies are expected to contribute to the growth of lithium-ion battery in upcoming years.
Also, use of lithium-ion batteries in the aerospace and the defense sectors is rising very rapidly which is anticipated to escalate the growth of the lithium-ion battery market. The properties offered by lithium-ion batteries such as low weight, high efficiency and high energy density make them more sought after than led-ion batteries in the aerospace and defense sectors.
However, the problem associated with battery overheating is expected to restrain the growth of the lithium-ion battery market. Moreover, rapidly growing technological innovations in the lithium-ion battery technologies are projected to create several opportunities in the lithium-ion batteries market in upcoming years.
The declining prices and the offered advantages of lithium-ion batteries are increasing consumer inclination towards the adoption of lithium-ion battery in the new applications that are anticipated to serve the tremendous prospects for the lithium-ion battery market over the forecast period.
- BYD Co.
- LG Chem
- GS Yuasa Corporation
- Toshiba Corporation
- China BAK Battery Co. Ltd.
- Automotive Energy Supply Corporation (AESC)
- Johnson Controls Inc.
Key Topics Covered
2. Executive Summary
3. Global Lithium Ion Battery Market Overview
4. Lithium Ion Battery Market Macro Indicator Analysis
5. Global Lithium Ion Battery Market by Types
6. Global Lithium Ion Battery Market by Power Capacity
7. Global Lithium Ion Battery Market by Application
8. Global Lithium Ion Battery Market by Region 2018-2024
9. Company Profiles and Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/6twr54/lithium_ion?w=4.
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