Lithium Ion Battery Market Need for Alternative Fuels Drives Demand for Lithium-Ion Batteries
The global lithium-ion batteries market is consolidated in nature, with the top three players accounting for a share of over 57% in 2025. Panasonic Corporation, Samsung SDI Co. Ltd., and LG Chem Power Inc. offer stiff competition to new entrants owing to the competitive advantage they possess in terms of the easy access to raw materials. Transparency Market Research predicts that the degree of rivalry in the lithium-ion battery market will remain high throughout the forecast period.
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