The Lithium Ion Battery Market deals with the development of rechargeable batteries with enhanced energy density, accessible in a wide assortment of structures, for example, extensive round and hollow, little barrel shaped, kaleidoscopic, and pocket. These rechargeable batteries are essentially utilized as a part of portable gear. A lithium ion battery has a few beneficial attributes, for example, high energy density, moderately low self-discharge, and minimal maintenance.
The Lithium Ion Battery Market is predicted to witness a noteworthy development attributable to their expanding use in cell phones, tablets/PCs, advanced cameras, and power instruments. Also, the interest for lithium battery units in the car business is expected to rise with the expanding interest for electric vehicles. Rechargeable lithium batteries have picked up prevalence among car manufacturers as they offer an alternative option to nickel metal batteries utilized as a part of electric vehicles, because of their tiny size and low weight.
Scope & Regional Forecast of the Lithium Ion Battery Market
At present, the Lithium Ion Battery Market is still considered to be in its early stage. Notwithstanding, its commitment to the worldwide industrial situation is assessed to rise significantly during the forecast period. The high price tag makes a noteworthy constraint for the shoppers to integrate lithium battery pack units into their gadgets or systems.
In any case, recent advancements, which accommodate high-productivity and longer power back-ups in cell phones/tablets/PCs empower this innovation to benefit a larger part of the society. New lithium ion battery manufacturers are venturing into the Lithium Ion Battery Market with their radically different ideas and concepts. Developing innovations, for example, adaptable batteries and aluminum-particle batteries, are anticipated to spur competitive rivalry in the years to come.
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Geologically, Asia Pacific currently dominates the Lithium Ion Battery Market, primarily due to the strict execution of government directions relating to carbon emissions in vehicles. Moreover, advancement of the hybrid and electric vehicles market in China will spur the demand for Lithium-Ion batteries. Electronic gadgets for the general public had the biggest slice of the market share in 2015 among all applications.
Segmentations & Key Players Involved in the Lithium Ion Battery Market
According to IndustryARC findings, the Lithium Ion Battery Market can be broken down into various segmentations on the basis of –
- Material Type: Cathode, Anode, Electrolytic Solution and Others (Separator, Binder, Foils, & others).
- Application: Electronics, Automotive, Industrial and Others (Energy, Medical, & Military).
- Geography: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Lithium Ion Battery Market according to IndustryARC are as follows:
- Samsung Sdi Co. Ltd.
- Automotive Energy Supply Corporation (Aesc)
- GS Yuasa International Ltd.
- A123 Systems, LLC.
- China BAK Battery, Inc.
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