Stratview Research has recently published a report on the Lithium-Ion Battery Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028

Lithium-Ion Battery Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Lithium-Ion Battery Market was estimated at USD 41.52 Billion in 2021 and is likely to grow at a CAGR of 15.2% during 2022-2028 to reach USD 111.79 Billion in 2028.

What is Lithium-Ion Battery?

A lithium-ion battery is abbreviated as LIB. It is a type of rechargeable battery. Such batteries have utility in portable electronics and electric vehicles. They have a growing demand as they are used in plug-in devices..

Some of the companies drives the market growth:

  • BYD Company
  • LG Chem
  • Panasonic Corporation
  • Samsung SDI
  • BAK Group
  • GS Yuasa Corporation
  • Hitachi
  • Johnson Controls
  • Toshiba Corporation
  • Lithium Werks.

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Market Drivers

The major demand for lithium-ion batteries is mainly driven by

  • The increasing demand for consumer electronic products.
  • Increasing adoption of lithium-ion batteries in the renewable energy sector and plug-in vehicles.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

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