Global Lithium-ion Battery Market to See over 17% CAGR 2021, States TechSci Research in Its New Study Available at MarketPublishers.com18 Jul 2016 • by Natalie Aster
LONDON – Reviving global economy, rising levels of disposable income, surging pollution levels and soaring demand for quality and uninterrupted power, among others, are poised to push up the demand for lithium-ion batteries through 2021. Additionally, the surging demand for stationary and portable energy harvesting and soaring number of solar and wind projects are also amid the factors anticipated to contribute to the growth of the lithium-ion battery market in the coming 5 years. Worldwide, the demand for power posted 2.3% YoY growth in 2014. Furthermore, the power demand is likely to increase to 17,000 million tons of oil equivalent by 2020-end. Hence, the uptake of lithium-ion batteries will likely see healthy growth owing to its different advantages like cost effectiveness, high power density, fast response, improved safety and long lifecycle.
Worldwide, the lithium-ion battery market is set to register over 17% CAGR till 2021. With respect to categories, lithium nickel manganese cobalt (Li-NMC) grabbed the largest share of the overall market as of 2015. The segment is projected to keep on taking the lead in the market in the offing, too, due to the rising product demand from the automotive sector. As of 2015, APAC was the leading market, with North America coming second.
New insightful report “Global Lithium-ion Battery Market” drawn up by TechSci Research presents an extensive assessment of the market from a worldwide perspective. It presents granular market size estimates, market share data and forecast figures; provides a detailed market categorisation by type and end-use sector. A geographical analysis of the market is also included. The study sheds light on the dynamic market trends and emerging opportunities in the marketplace; canvasses the drivers and restraints; contains an analysis of the value chain; and discusses the market attractiveness. The report casts light on the competitive landscape and profiles the top 21 market players. Detailed strategic recommendations are also at hand in the report.
More new studies by this publisher are available at TechSci Research page.