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Pune, India, Feb. 21, 2022 (GLOBE NEWSWIRE) — The global lithium-ion battery market size was USD 36.90 billion in 2020. The global market size is expected to be USD 44.49 billion in 2021 and is projected to reach USD 193.13 billion by 2028exhibiting a CAGR of 23.3% during the forecast period from 2021-2028. This information is provided by Fortune Business Insights, in its report, titled, “Lithium-Ion Battery Market, 2021-2028.”
According to our analysts, the incessant demand for power supply for numerous applications, augmented demand for electric vehicles, surging necessity of battery-operated equipment and machinery in automotive industries, and the usage of lithium-ion batteries in renewable energy applications are sustaining the lithium -ion battery market growth.
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Leading Global Players in Lithium-ion Battery Market:
- BYD Company (China)
- LG Chem (South Korea)
- Contemporary Amperex Technology Co. Ltd (CATL) (China)
- Samsung SDI (South Korea)
- Panasonic Corporation (Japan)
- BAK Power (China)
- Clarios (Germany)
- Toshiba Corporation (Japan)
- Hitachi (Japan)
- Automotive Energy Supply Corporation (Japan)
- A123 System (US)
- Saft Group SA (France)
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 23.3% |
| 2028 Value Projection | USD 193.13 Billion |
| Base Year | 2020 |
| Lithium-ion Battery Market Size in 2020 | USD 75.03 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 220 |
| Segments covered |
Full story available on Benzinga.com
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