The recent research, Lithium Ion Battery market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Lithium Ion Battery market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.
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The Lithium Ion Battery Market is forecasted to grow from USD 36.20 billion in 2018 to USD 109.72 billion by 2026, at a CAGR of 13.4%, during the forecast period. Lithium - ion batteries are increasingly being used as a hybrid and full - battery electric vehicle (BEV) power source.
Over the past couple of years, China, the US, and the European region have accounted for maximum sales of electric vehicles, which are primarily high-end electric vehicles. Roughly 1.6 million electric cars are on the roads in China until 2018, followed by 810,000 in the United States.
Key participants include
· Ceres Power Holdings Plc.
· WATT Fuel Cell Corporation
· Convion Fuel Cell Systems
· Ceramic Fuel Cell Ltd.
· Bloom Energy
· Elcogen
· FuelCell Energy
· Delphi
· Atrex Energy
· Protonex
· Redox Power Systems
Market segment based on the Type:
· Tubular
· Planar
Market segment based on Mobility:
· Stationery
· Portable
Market segment based on End-users:
· Data center
· Commercial & Residential
· Retail
· Others
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Further key findings from the report suggest
- The Lithium Ion Battery Market is forecasted to grow from USD 36.20 billion in 2018 to USD 109.72 billion by 2026, at a CAGR of 13.4%, during the forecast period. Lithium ion batteries are increasingly used as a source of power for hybrid and full battery electric vehicles (BEV).
- The market for Lithium Nickel Manganese Cobalt (NMC) is expected reach USD 39.01 Billion in 2026. NMC is used in laptops, mobile phones, tablets and electrical storage systems for batteries. It is expected that the batteries of notebooks, mobile phones and tablets will gradually replace LCO and NCA cathode materials.
- The market for 0 to 3000 mAh is expected to reach USD 29.28 Billion in 2026. The growing market for consumer electronics and smartphones has increased the need for high - powered batteries to keep the device running for long hours.
- Automotive segment is expected to reach USD 20.53 Billion in 2026. Even if electric car sales for personal use remain silenced in the future, fleet operators running electric cars will require batteries. Moreover, in emerging countries with lower lead-acid batteries there are more than 8 million e-rickshaws operating. They have short cycles of replacement. There's a huge opportunity.
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