In 2020, the market for portable batteries was dominated by the lithium-ion polymer segment due to the increased use of portable batteries as a result of rapid technological advancement and innovation. The Battery Market is growing as a result of the quick innovation and development of technologies in the field of portable consumer electronics as well as the supportive government policies for the adoption of electric vehicles among developed and developing nations. In addition, lithium-ion batteries are lightweight and offer a high energy density power source for portable devices like mobile phones, smartphones, laptops, tablets, digital cameras, electronic cigarettes, flashlights, and handheld game devices. In parallel circuits made up of numerous small batteries, lithium-ion batteries are used in electric vehicles.
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