Lithium Ion Battery Market Growth Factors, Business Developments and Segmentation 2018-2026

 Market Overview

Lithium Ion Batteries were introduced in 1970, are voltage-limiting devices, tighter voltage tolerances and are generally lighter than other sorts of rechargeable batteries of an equivalent size. tons of energy are often stored in lithium ion batteries as lithium may be a highly reactive element. they need a really high energy density with low maintenance and a lithium-ion battery has the capacity of storing 150 watt-hours of electricity in 1 kilogram of battery. a number of the lithium ion battery provide high current density and are the selection for the consumers of mobile equipment , while others provide high current levels and are therefore suitable for power tools and electric vehicles.

Lithium-ion batteries are utilized in smartphones, e-cigarettes, hoverboards and electric vehicles. These also are used for remote monitoring systems, thanks to the characteristics like fast charging, small size, relatively long stand-by time, and most suitable option for mobility equipment, as they provide relatively long lifetime .

Request Copy Of This Business Report:https://www.coherentmarketinsights.com/ongoing-insight/lithium-ion-battery-market-284

Market Dynamics

According to a report by Battery Power, “Global trends of energy storage systems that need lithium ion batteries are expected to triple from but $2 billion in 2015 to roughly $6 billion by 2020.” Asia Pacific is predicted to be the foremost potential marketplace for lithium ion battery manufacturers. Rapidly increase within the automotive industry marks the increasing demand of lithium ion batteries for consumer and therefore the commercial goods in countries like India and China. consistent with Li3Energy, “The government of the Republic of South Korea , one among the world’s leading lithium battery producing nations has mandated to take a position US$12.5 billion over subsequent ten years in lithium resource projects and thought of lithium a “strategic commodity”. Industry estimates recommend that annual requirement for lithium has increased from 100 tons within the beginning of the 20th century to approximately 23,000 plenty of Lithane equivalent (LCE) today.”

The key factors that drives the demand of lithium ion batteries is its fast charging and lower self-discharge rate than other sorts of rechargeable batteries chiefly in Asia Pacific and Middle East Regions. Next area of innovation for lithium ion batteries is grid-scale battery installations needed for energy storage. they need a high energy density than other rechargeable batteries, this suggests that for his or her weight or size they will store extra energy than other rechargeable batteries. the most problem with the prevailing lithium ion batteries is that they’re inflammable and therefore the battery gets ruined when discharged completely. The researchers at the Dallas University are performing on innovatory lithium-air battery technology, during which oxygen is employed as an oxidizer, making battery five times cheaper also as long-lasting.

Some of the major companies operating in the global lithium-ion batteries market are LG Chem Ltd., Valence Technology Inc., Saft Groupe S.A., Panasonic Corporation, BYD Co. Ltd., Samsung SDI Co., Ltd., BAK Group, GS Yuasa Corporation, Johnson Controls Inc., Hitachi, Ltd., Toshiba Corporation, and A123 Systems, LLC. .

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: sales@coherentmarketinsights.com

Visit Our Blogs:https://blog.coherentmarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Global Shrimp Market Business Segmentation By Revenue And Structure Forecast 2027

Image
Market Overview Shrimps are classified as decapod crustaceans that play important roles in the food chain and are an important food source for larger animals ranging from fish to whales. Humans consume the muscular tails of several shrimp that are widely caught and farmed for consumption. Around 20% 0f the species are commercially significant that include Whiteleg, giant tiger prawn, akiami paste shrimp, southern rough shrimp, and others. Based on their categorization of presentation, grading, colour, and uniformity, most shrimp are sold frozen and marketed for high levels of omega-3 fatty acids and low levels of mercury along with proteins, vitamin A and B6, B12, C and E, thiamin, riboflavin, niacin, phosphorous, copper, choline, iodine, and astaxanthin. Furthermore, it has anti-inflammatory, anti-ageing, and anti-cancer properties. Chitosan from shrimp shells has a range of application in pharmaceuticals, agrochemicals, cosmetics, and in water treatments. Pigments such as carotenoids
Read more

PET Preforms Market Growth Factors, Business Developments, Segmentation and Technologies 2018-2026

Image
Market Overvciew Polyethylene terephthalate  (PET) preforms are the unfinished products made by injection molding of polyethylene terephthalate, which is the most common thermoplastic polyester.  PET is strong, stiff, hard, and dimensionally stable material. It is resistant to water, gas, and all the chemicals except alkalis. PET is colorless and highly transparent. Food and beverages industries are continuously replacing glass and other metals bottle with PET bottles. PET products have various properties such as light weight, long shelf life, and are easy to handle, owing to these advantages PET products are widely used in packaged food and beverages industries. PET products are widely used in healthcare and cosmetics industries, due to the innovations in packaging industry. Increasing demand for pack weight reduction, the rise in consumption of carbonated soft drink, and new product developments are some of the major drivers for the growth of PET preform market. Stringent government
Read more

Bioethanol Market Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2026

Image
Market Overview Bioethanolis renewable and eco-friendly fuel majorly produced by fermentation of sugar. Energy crops are major source of sugar, which are used for production of bioethanol. The process involved in production of bioethanol include fermentation, distillation, rectification, and dehydration. The emissions due to burning of ethanol are less volatile as compared to those produced by combustion of gasoline, which is propelling demand for manufacturing of bioethanol, in turn fueling growth of the market. However, large amount of carbon dioxide is released during manufacturing of bioethanol, which is harmful to environment, this in turn is expected to hamper growth of the market over the forecast period. Increasing demand for ecofriendly vehicles and the renewable nature of bioethanol are major factors driving growth of the bioethanol market. However, high cost associated with production of bioethanol and maintenance of manufacturing unit is restraining growth of the market. Re
Read more