Lithium-Ion Batteries Market: Need for Clean Fuels Fosters Growth
The global lithium-ion batteries market is consolidated with regards to competition, states Transparency Market Research (TMR). The top three market players, LG Chem Power Inc., Samsung SDI Co. Ltd., and Panasonic Corporation accounted for a whopping share of 57% of the global market for lithium-ion batteries in 2015. It is expected that the degree of competition will remain high during the forecast period, making entry difficult for new players.
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