The Infinium Global Research has announced the addition of the “Lithium Ion Battery Market to 2024 – Global Analysis and Forecasts by Type and Product” to its research database.
Pune, India -- (SBWIRE) -- 09/05/2018 -- Rapidly Growing Expenditure Of Lithium-Ion Battery In The Consumer Electronics To Promote The Growth Of Lithium-Ion Battery Market
The rapidly growing use of lithium-ion batteries in the consumer electronics drives the growth of Lithium-ion batteries market. The benefits of lithium-ion battery over the other tradition batteries include high energy density, Low self-discharge level and longer shelf life so they are vastly used in the consumer electronics. In addition, the adoption of lithium-ion battery for the automotive sector in hybrid and electric vehicle are rising with the faster rate that is likely to boost the demand of lithium-ion battery market. Furthermore, the factors such as growing renewable energy sector and favorable government policies are expected to contribute to the growth of lithium-ion battery in upcoming years. Furthermore, use of lithium ion batteries in the aerospace and the defense sectors is rising very rapidly that anticipated to escalate the growth of lithium ion battery market. The properties offered by the lithium-ion battery such as low weight, high efficiency and high energy density and others they are vastly replacing the led ion batteries in the aerospace and defense sectors.
Download FREE Sample Copy Of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/1592
North America Holds the Maximum Market Share in the Lithium-Ion Battery Market Followed By Europe
Asia pacific is the largest and the fastest growing region in the lithium ion battery market. The rapidly growing consumer and the automotive sectors are driving the growth of lithium ion battery market in Asia Pacific. In addition growing demand of efficient battery storage system in Asia Pacific region owing to the growing industrialization and urbanization is likely to boost the growth of lithium ion battery market in this region.
ISRO strikes it rich with Lithium-ion technology
In August 2018, Lithium-ion (Li-ion) cell technology is one of the most promising electrochemical energy storage technologies owing to its high-voltage, high-energy density, a long-life cycle and high-storage characteristics. It finds wide applications in electronic gadgets, telecommunication, and industrial applications as well as in aerospace. Recent advancements in Li-ion battery technology have made it the favorite power source for electric and hybrid electric vehicles.
ISRO has developed and qualified Lithium-ion cells of capacities ranging from 1.5 Ah to 100 Ah for use in satellites and launch vehicles. With the successful deployment of indigenous Lithium-ion batteries in various missions of ISRO, VSSC is planning to transfer this technology to the industries to establish production facilities for producing lithium-ion cells to cover the entire spectrum of power storage requirements of the country. While releasing RFQ, it said that this initiative is expected to enable the Zero Emission Policy of the country and accelerate the development of indigenous electric vehicle industry.
Expanding the limits of Li-ion batteries—electrodes for all-solid-state batteries
In August 2018, Scientists at Tokyo Institute of Technology have addressed one of the major disadvantages of all-solid-state batteries by developing batteries with a low resistance at their electrode/solid electrolyte interface. The fabricated batteries showed excellent electrochemical properties that greatly surpass those of now ubiquitous Li-ion batteries, thereby demonstrating the promise of all-solid-state battery technology and its potential to revolutionize portable electronics.
Ask Discount for the latest research report: https://www.infiniumglobalresearch.com/reports/request-discount/1592
Many consumers are familiar with rechargeable lithium-ion batteries, which have developed over the last few decades, and are now common in all sorts of electronic devices. Despite their broad use, scientists and engineers believe that traditional Li-ion battery technology is already nearing its full potential and new types of batteries are needed. All-solid-state batteries are a new type of Li-ion battery and have been shown to be potentially safer and more stable energy storage devices with higher energy densities.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global lithium ion battery market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of lithium ion battery market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the lithium ion battery market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the lithium ion battery market to understand the present and future trends in this market and formulate their strategies accordingly.
About Infinium Global Research
Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that 'if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.