Lithium-ion is a type of rechargeable battery that has multiple applications across industries. The global lithium-ion battery market can attain USD 62 billion valuation with a 16% CAGR during the forecast period (2017-2023), reports Market Research Future (MRFR). The report puts great emphasis on its features such as long life cycle with high energy density and the ability to get charged from portable sources. It further covers drivers such as increasing demand for high power and high capacity cells. Lithium-ion market is also expanding as it is gaining traction from large applications. But the lithium-ion market is gaining unprecedented boost from the burgeoning electronics industry. Smart devices and consumer electronics are giving the lithium-ion market much-needed tailwind.

Segmentation:

Type-based segmentation of the lithium-ion battery market can be segmented into lithium nickel manganese cobalt (LI-NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO) and lithium nickel cobalt aluminum oxide (NCA).

Based on power capacity, [FURL=https://www.marketresearchfuture.com/reports/lithium-ion-battery-market-979]Lithium-ion Battery Market Share[/FURL] can be segmented into 0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh.

Vertical-wise, the lithium-ion battery market includes automotive, aerospace & defense, consumer electronics, industrial, marine, medical and power.

Market Competition:

Prominent players dominating the global lithium-ion battery market are Panasonic Sanyo (Japan), Automotive Energy Supply Corporation (AESC) (Japan), LG Chem. (South Korea), SAMSUNG SDI Co., Ltd. (South Korea), Li-Tec Battery GmbH (Germany), Toshiba (Japan), A123 Systems (U.S.), GS Yuasa (Japan), SK Energy (South Korea), BYD (China), Sony Corporation (Japan), Beijing Pride Power (BPP) (China), BAK Group (China), Toshiba Corporation (Japan), Valence Technology, Inc.(U.S.), Hitachi Chemical Co. Ltd.(Japan), Johnson Controls, Inc.(U.S.), Saft Groupe SA (France), TDK Corporation(Japan), and others.

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