Market Trends

Lithium Ion Battery Market Overview  The  global lithium-ion (Li-ion) market  size was around $35 billion to $40 billion as of 2018, and the demand will be incrementing at a positive CAGR of 13% to 18% during the forecast period of 2019 to 2025. The Asia-Pacific region is the most lucrative lithium-ion battery marketplace, grabbing around 35% to 40% of the total demand share as of 2018. Despite of a wide range of applications in electrical, manufacturing, renewable energy storage, healthcare, and industrial sectors, the automotive sector is the key application for the lithium-ion battery. The lithium-ion battery market in the automotive sector is projected to increase at a tremendous CAGR of 20% to 24% during the aforementioned forecast period.  Request Sample Lithium Ion Battery Market Outlook   Lithium-ion batteries refers to the rechargeable or secondary batteries mostly used in consumer electronics products such as laptops, mobiles, and other portable electronic devices. The lithiu