Battery – Global Market Outlook (2017-2026)” report has been
added to ResearchAndMarkets.com’s offering.
Global Lithium-ion Battery market is accounted for $29.86 billion in
2017 and is expected to reach $139.36 billion by 2026 growing at a CAGR
Booming market for electrical vehicles, rapid technological
advancements, and increasing demand from smart devices are some of the
factors fuelling the market growth. In addition, encouraging government
regulations to utilize batteries in order to reduce pollution, growing
adoption in various industries are the some other factors bolstering the
market growth. However, safety concerns regarding overheating, and lack
of charging stations are restricting the market growth.
Based on products, Lithium iron phosphate (LFP) batteries are expected
to witness substantial growth rate owing to its better performance in
stationary and portable applications. Besides, Lithium Nickel Manganese
Cobalt (Li-NMC) segment is projected to register commendable growth rate
driven by increasing adoption in electric vehicles and cost efficiency.
North America is anticipated to hold lucrative market share for
Lithium-ion Battery, whereas Asia Pacific is projected to grow at a
faster pace. Rapid industrialization, increasing demand from automotive
industries and huge investments by key players in emerging countries
such as China and India are the factors favoring the market growth in
Some of the key players in Lithium-ion Battery market include
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