Global Li-Ion Battery Market to Grow at a CAGR of 11.9% During Forecast 2015-2019
Li-ion batteries are extensively used in consumer electronics such as cell phones, smartphones, laptops, and tablets because of their reliability in terms of performance compared to other battery types. High energy density and a low self-discharge rate and maintenance have made Li-ion batteries more popular than other rechargeable batteries. The application base of these batteries is widening and expected to encompass EVs, medical devices, power tools, and ESS. Growing demand for EVs and ESS worldwide bodes well for the overall...
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