Lithium Ion Battery Market 2030


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 telecom sector for telecom grids in the country. Reliance Jio telecommunications have been amongst the first few to use lithium ion batteries in their telecom grids and being characterized as green towers in the country.

Business Opportunity Analysis and Industry Forecast 2018 – 2025

For companies, entrepreneurs and businesses keen on setting up Li-ion Battery Packs assembling unit, this is best time. This market survey techno-commercial report will help you very much.
 

                      [1]  Compound annual growth rate

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