OverviewLithium-ion batteries are proving to be an important source of energy for new devices that need portable power source, as well as emergence of new technologies. Also, increasing scarcity of fossil fuel and government initiatives towards the use of natural energy is coercing the companies to develop energy efficient systems which can support the increasing demand for energy. According to Market Research Future (MRFR) report, lithium-ion battery market is perceived to surge with a staggering CAGR of 16% from 2017 to 2023, due to influencing factors driving the market.
Market Segmentation
The lithium-ion battery market is segmented by type namely Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Manganese Oxide (LMO), Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Titanate Oxide (LTO), and Lithium Nickel Cobalt Aluminum Oxide (NCA). Lithium Nickel Manganese Cobalt (LI-NMC) is a popular choice for laptops, mobile phones, and digital cameras. Low internal cell resistance enables fast charging and high-current discharging are some of the properties that lithium manganese oxide (LMO) batteries possess.
The different power capacities covered in the market are 0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh
Furthermore, [FURL=https://www.marketresearchfuture.com/reports/lithium-ion-battery-market-979]Li-ion Battery Market[/FURL] is segmented by vertical, which is fragmented into Automotive, Consumer Electronics, Industrial, Marine Aerospace and Defense, Medical and Power as well.
Competitive Analysis
Panasonic Sanyo (Japan), Automotive Energy Supply Corporation (AESC) (Japan), LG Chem. (South Korea), SAMSUNG SDI Co. Ltd. (South Korea), BAK Group (China), Toshiba Corporation (Japan), Valence Technology, Inc.(U.S.) are some of the prominent key players active in the lithium-ion battery market.
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