Global Lithium Ion Cell and Battery Pack Market to Register 12% CAGR 2017-2025; Mounting Global Sales of Consumer Electronics to Propel Market - TMR
The lithium ion cell and battery pack market is gaining momentum as lithium-ion batteries offer advantages of higher efficiency and longer lifespan over other batteries such as lead acid ones. The rising demand for electronics with improved battery life and superior performance is expected to stir demand for lithium-ion batteries among manufacturers of consumer electronics. This is because lithium-ion batteries satisfy the demand for high power density needed by handheld devices for wireless data transmission and brighter resolution.
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