Lithium-Ion Battery Market Size was US$ 46.43 Billion in 2021. Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis, Global Forecast 2022-2027.
Lithium-ion Battery Market, Size, Global Forecast 2022-2027
The Global Lithium-Ion Battery Industry is anticipated to reach US$ 105.35 Billion in 2027. Lithium-Ion Battery, a rechargeable battery, is an advanced battery technology that uses lithium ions as a significant component of its electrochemistry. Li-ion battery has a very high voltage and charges storage per unit mass and volume compared to other batteries. Additionally, Lithium-Ion Battery exhibits low self-discharge, high energy density, and extending lifetime with improved charging speed. Besides, the market for lithium-ion batteries, the subsequent increase in the registration of EVs and a decrease in price of lithium-ion batteries are boosting the market.
