Lithium-Ion Battery Market Expanding at a CAGR of 11.6% , High Demand for Electrical Vehicles
The global lithium-ion battery market is highly consolidated in nature. Stringent government regulations pertaining to environment conservation are attracting new players to venture into the market. Transparency Market Research (TMR) projects that the influx of new manufacturers is likely to render this market fragmented. However, prominent players offer stiff competition to new entrants due to their competitive advantage in their terms of strong foothold and easy access to raw materials.
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