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Lithium Ion Battery Market worth 68.97 Billion USD by 2022

The lithium ion battery market is expected to be valued at USD 68.97 Billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022. The growth of this market is propelled by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries.<br><br>Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=49714593<br><br>One of the key restraining factors for the lithium ion battery market are overheating of lithium ion batteries which poses security concerns and inadequate charging infrastructure. The key market players such as LG Chem Ltd. (South Korea) and Panasonic Corporation (Japan) are focusing on the strategies such as contracts, agreements, and partnerships to enhance their geographical presence and expand their business.<br><br>

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Lithium Ion Battery Market worth 68.97 Billion USD by 2022

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  1. Lithium Ion Battery Market worth 68.97 Billion USD by 2022

  2. About our Report • The increasing demand of energy-efficient, safe, and low-cost batteries is the key factor driving the growth of the lithium ion battery market. The market was valued at USD 23.51 Billion in 2015 and is expected to grow at a CAGR of 16.6% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. • The objective of the report is to provide a detailed analysis of the lithium ion battery on the basis of type, power capacity, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the market. The report also provides a detailed overview of the value chain in the market and analyzes the market trends with Porter’s five forces. • The automobile industry in Europe is strategic industry with the leanest production processes and optimized use of energy for manufacturing. Increasing market share of EV in Europe is prominently supporting the adoption of lithium ion batteries. Increasing funding from the government is supporting the adoption of lithium ion batteries in electric cars. GREENLION is a project funded by EU for manufacturing cheaper and dependable lithium ion batteries for electric cars. These are some of the factors contributing to the growth of the lithium ion battery market in Europe.

  3. Inside of Report • Browse: • 78 market data tables • 95 figures spread through 190 pages . • in-depth TOC on “Lithium Ion Battery Market - Global Forecast to 2022" • The automobile industry in Europe is strategic industry with the leanest production processes and optimized use of energy for manufacturing. Increasing market share of EV in Europe is prominently supporting the adoption of lithium ion batteries. Increasing funding from the government is supporting the adoption of lithium ion batteries in electric cars. GREENLION is a project funded by EU for manufacturing cheaper and dependable lithium ion batteries for electric cars. These are some of the factors contributing to the growth of the lithium ion battery market in Europe.

  4. Table of Content 1 Introduction (Page No. - 17)    1.1 Objectives of the Study     1.2 Market Definition     1.3 Study Scope            1.3.1 Markets Covered           1.3.2 Years Considered for the Study    1.4 Currency and Pricing     1.5 Limitations     1.6 Stakeholders 2 Research Methodology (Page No. - 20)    2.1 Research Data            2.1.1 Secondary and Primary Research 15 Appendix (Page No. - 182)     15.1 Insights of Industry Experts      15.2 Discussion Guide      15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal      15.4 Introducing RT: Real-Time Market Intelligence      15.5 Available Customizations      15.6 Related Reports      15.7 Author Details

  5. Structured Cabling Download Free Sample Pages :- http://www.marketsandmarkets.com/pdfdownload.asp?id=49714593 This detailed market research study provides detailed qualitative and quantitative analysis of the Lithium Ion Battery Market. It provides a comprehensive review of major market drivers, restraints, opportunities,, challenges, and key issues in the market.

  6. Company Coverage • LG Chem Ltd. (South Korea) • Panasonic Corporation (Japan) • Samsung SDI Co., Ltd. (South Korea) • BYD Co. Ltd. (China) • BAK Group (China) • A123 Systems • LLC. (U.S.) • GS Yuasa Corporation (Japan) • Hitachi, Ltd. (Japan) • Johnson Controls Inc. (U.S.) • Saft Groupe S.A. (France) • Toshiba Corporation (Japan) • Valence Technology Inc. (U.S.).

  7. Summary The lithium ion battery market is expected to be valued at USD 68.97 Billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022. The growth of this market is propelled by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries. Lithium cobalt oxide (LCO) battery type is expected to hold the largest share of the overall lithium ion battery market in 2016. The energy density of any LCO battery is very high, and the cost of manufacturing these batteries is fairly reasonable owing to the use of graphite carbon and cobalt. The market for lithium nickel manganese cobalt battery type is expected to grow at the highest rate between 2016 and 2022. The combination of nickel and manganese gives the required accuracy and effectiveness. Separately, both of them are not very effective as nickel has high energy density but poor stability and manganese forms a spinel structure achieving low internal resistance but has a low energy density.

  8. Get detail of this Report ? We at MarketsandMarkets, are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. For More Information :-http://www.marketsandmarkets.com/Market-Reports/lithium-ion-battery-market-49714593.htmlhttp://www.marketsandmarkets.com/Market-Reports/lithium-ion-battery-market-49714593.html Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com

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