Global Lithium Ion Battery Market size in 2016 was valued over USD 24 billion and is predicted to witness gain of over 12% from 2017 to 2024
Stringent government norms toward the disposal of lead coupled with growing demand for electronic devices will augment the lithium ion battery market
(EMAILWIRE.COM, August 15, 2018 ) Global Lithium Ion Battery Market is predicted to cross 9% CAGR to surpass USD 53 billion by 2024. Growing demand for portable electronic devices will stimulate the industry growth. Faster recharging efficiency coupled with higher heat resistant and stability properties are the major factors that differentiate it from alternatives. Department of Energy and National Renewable Energy Laboratory implemented NREL/TP-463-7673 directive to promote environmentally safe batteries adoption. Well established supply chain and easy availability with applications in batteries, consumer electronics and inverters has led to wide adoption of these batteries.
High energy storage characteristics is majorly adopted by consumer electronics and healthcare devices. Separators will witness growth over 12% by 2024 subject to increased shelf life coupled with high charging abilities. Adoption of separators increase the product life and its functionality. Electrolytes lithium ion battery market for 2015 was valued over USD 3 billion. owing to its ability to allow the ions flow from anode to cathode during discharging the battery and cathode to anode while charging will propel the industry growth.
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Adoption of portable medical devices will positively impact the industry growth for consumer applications. Increased focus on effective storage along with increasing demand for sustainable source in developed nations will augment the business growth for renewable and grid energy applications. Long operating life of supercapacitor with its application in mobile phones will boost the Lithium ion battery market growth.
U.S. contributed over 70% of lithium ion battery market share in 2015. Rising electric vehicle demand with active adoption of consumer electronic products will positively impact the industry growth. In 2015, the U.S. accounts for the sale of 542,000 electric vehicles as compared to 487,000 in 2014.
Huge adoption of electric vehicles and increasing consumer awareness towards clean energy will drive the Germany lithium ion battery market. Government offerings including low interest loan and subsidies will boost the industry growth. In 2015, electricity production in Germany was 30% more than the annual demand.
Japan Lithium ion battery market was over USD 1 billion in 2015. Increase in the consumption volume along with introduction of strict regulations to reduce the carbon emission will positively impact the regional industry growth.
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China lithium ion battery market will witness growth over 11% by 2024. The government had developed Battery & Recycled Lead Enterprises resolution to shift towards lithium ion batteries from lead acid batteries in line of reducing the impact of lead poisoning.
Major participants in lithium ion battery market are China BAK Battery, Panasonic, Samsung, Toshiba, Automotive Energy Supply Corporation, Hitachi Chemical, A123 Systems and LG Chemical Power.
High energy storage characteristics is majorly adopted by consumer electronics and healthcare devices. Separators will witness growth over 12% by 2024 subject to increased shelf life coupled with high charging abilities. Adoption of separators increase the product life and its functionality. Electrolytes lithium ion battery market for 2015 was valued over USD 3 billion. owing to its ability to allow the ions flow from anode to cathode during discharging the battery and cathode to anode while charging will propel the industry growth.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/1135
Adoption of portable medical devices will positively impact the industry growth for consumer applications. Increased focus on effective storage along with increasing demand for sustainable source in developed nations will augment the business growth for renewable and grid energy applications. Long operating life of supercapacitor with its application in mobile phones will boost the Lithium ion battery market growth.
U.S. contributed over 70% of lithium ion battery market share in 2015. Rising electric vehicle demand with active adoption of consumer electronic products will positively impact the industry growth. In 2015, the U.S. accounts for the sale of 542,000 electric vehicles as compared to 487,000 in 2014.
Huge adoption of electric vehicles and increasing consumer awareness towards clean energy will drive the Germany lithium ion battery market. Government offerings including low interest loan and subsidies will boost the industry growth. In 2015, electricity production in Germany was 30% more than the annual demand.
Japan Lithium ion battery market was over USD 1 billion in 2015. Increase in the consumption volume along with introduction of strict regulations to reduce the carbon emission will positively impact the regional industry growth.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1135
China lithium ion battery market will witness growth over 11% by 2024. The government had developed Battery & Recycled Lead Enterprises resolution to shift towards lithium ion batteries from lead acid batteries in line of reducing the impact of lead poisoning.
Major participants in lithium ion battery market are China BAK Battery, Panasonic, Samsung, Toshiba, Automotive Energy Supply Corporation, Hitachi Chemical, A123 Systems and LG Chemical Power.
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Arun Hegde
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results