Lithium-Ion Battery Market - Traditional Lead Acid Batteries May Hamper the Growth of This Market
Lithium-ion Battery are a part of rechargeable battery group. Lithium-ion batteries offer high storage capacity, better efficiency and long lifecycle than other batteries. The demand for these batteries are increasing in various applications such as consumer electronics products, automotive application such as EVs and HEVs and energy storage systems in power plants and household electricity. The global lithium-ion battery market is anticipated to grow with a significant rate between 2016 and 2024. The rising demand for electronic devices and the...
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