Lithium-ion Battery Manufacturing Consultancy

Lithium Ion Battery Market Overview: Global lithium ion battery market was valued at $30,186.8 million in 2017, and is projected to reach $100,433.7 million by 2025, growing at a CAGR [1] of 17.1% from 2018 to 2025. Asia-Pacific region is expected to occupy the largest share of the global lithium ion battery market in 2018. Future Outlook: India Lithium Ion Cell and Battery Market are expected to grow in the future at a CAGR of 36.3% driven by increased use of lithium ion battery in electric vehicles, rise in public awareness to reduce carbon emissions, government plans and actions to bring in sale of all electric vehicles by 2030. The lithium ion battery market in India gained popularity in the year FY' 2014 due to sharp rise in demand from the telecom providers in the country, while consumer appliances have been largely dependent on these batteries. The main boom in the market came from increased use by the teleco...

LITHIUM ION BATTERY MARKET OVERVIEW: Global lithium ion battery market was valued at $30,186.8 million in 2017, and is projected to reach $100,433.7 million by 2025, growing at a CAGR of 17.1% from 2018 to 2025. Asia-Pacific region is expected to occupy the largest share of the global lithium ion battery market in 2018.   The market for lithium-ion battery is expected to register a CAGR of 22.58%, during the forecast period (2020-2025). Major factors driving the market studied are the emergence of new and exciting markets, via electric vehicle and energy storage systems (ESS), for both commercial and residential applications, declining lithium-ion battery prices, and the increasing sale of consumer electronics. However, the increasing demand-supply mismatch of raw materials is likely to hinder the growth of the market studied. The Government of India (GoI) recently announced plans for transition to all electric transportation by 2030. GoI also introduced the Faster Adoption a...