Lithium Ion Batteries – Global Market is Projected to Grow at 12.1% CAGR: Analysis of Panasonic, BYD, LG Chem, Samsung, Hitachi, Toshiba, Johnson Controls, and more – ResearchAndMarkets.com
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
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
- 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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