https://www.databridgemarketresearch.com/reports/global-lithium-ion-battery-market

Global Lithium-Ion Battery market stood at USD42.30 billion in 2020 and is forecast to grow at a CAGR of 26.04% until 2026 on account of growing sales of electric vehicles and consumer electronics. The adoption of lithium-ion battery in consumer electronics, electronics, energy storage, telecom towers etc. is rapidly increasing in comparison to other batteries, which is also driving the growth of the global Lithium-Ion Battery market. Lithium-Ion Battery is an enhanced battery technology that utilizes lithium ions as a key element of its electrochemistry. The battery offers high energy density, low maintenance, more charge cycles, lightweight and is compact due to which it finds application in microelectronics devices to electric vehicles and energy storage systems. Market Segmentation The global lithium-ion battery market is segmented on the basis of type, shape, application, competitional landscape, and regional distribution. Based on type, the market is further fragmented into lithium cobalt oxide, lithium nickel manganese cobalt oxide, lithium manganese oxide and lithium iron phosphate and others. Based on shape, the market is segmented into cylindrical cell, pouch cell, prismatic cell and button cell. Based on application, the market is segmented into consumer electronics, medical devices, utilities & ESS, telecom towers, manufacturing and automotive & traction. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific region, European region, North American region, South American region, and Middle East & African region. The global lithium-ion battery market is anticipated to grow at a CAGR of 26.04% to reach USD160.2 billion by 2026 and United states lithium-ion market will reach USD25.69 billion at a CAGR of 25.88% by 2026. Increasing sales of electric vehicles, declining prices of battery packs, and usage in energy storage are contributing to the market growth through 2026. Company Profiles LG Chem Ltd., Contemporary Amperex Technology Co. Limited (CATL), Samsung SDI Co Ltd., Panasonic Corporation. BYD Co. Ltd., SK Innovation Co., Ltd., Envision AESC Group Ltd., A123 Systems LLC, Toshiba Corporation, Vehicle Energy Japan Inc., are among the major market players in the global platform that lead the market growth of the global Lithium-Ion Battery market. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=3884 For More Information Visit: https://www.techsciresearch.com/report/global-lithium-ion-battery-market/3884.html