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Global lithium-ion battery market is more than US$ 40 Billion by 2024

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By the end of the year 2024, Global lithium-ion battery market is more than US$ 40 Billion opportunities. As it continues to progress in the market because of the high power and high capacity cells increases the penetration in large format applications. Contend for market adoption, the lithium-ion chemistry competes heavily with well-known energy storage technologies say for instance lead acid, in many of these applications. Although, key performance characteristics have enabled it to grow market penetration.

Let's look upon what is Lithium-ion Battery?
A Lithium-ion battery is an electric device able for charging as well as discharging. Lithium-ion is usually used as a power supply for consumer electronics and Hybrid electric vehicles. LCDs and Semiconductors control, electronic circuits and display information. If we discuss about its functionality, Lithium-ion perform following tasks.

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It consists of positive (cathode) and negative (anode) electrode materials divided by a separator as well as electrolytic solution. The positive electrode is a lithium compound and the negative electrode is a carbon material. After that a binder is used to attach them to a current collector (cooper foil or aluminum foil). The positive and negative electrode materials as well as the separator are rolled inside a metal case together with the electrolyte solution.
If we discuss about Lithium-ion battery shape and size, it’s been of three shapes namely Cylindrical, Prismatic as well as laminate. Cylindrical lithium-ion batteries are used in notebook PCs, whereas prismatic as well as laminate are used in mobile phones as they require compact and thin power sources. However, large and medium lithium-ion batteries used for power storage application and electric vehicles which comes in all three sizes.
This report lets you know the lithium-ion battery with many applications like electronic devices, automotive & e-bus, industrial and energy storage system etc. A lot of research and development are done by the Battery manufacturing companies to reduce the size, weight as well as the cost of the batteries to enhance safety and power output. Although, certain rules and regulations by the government to create framework suitable for the battery regulated transportation system will be further helpful for the expansion of the lithium-ion batteries in the projected time frame.

A look at Lithium-ion batteries for storage application
Lithium-ion batteries for storage came into spotlight because the electricity supply issues resulting from the eastern Japan earthquake and the global effort to embrace smart grid. With overseas as well as domestic lithium-ion battery makers entering the market for the storage system.
In this report, Renub research studied the inclusive assessment and in-depth insight of lithium-ion batteries in many appliances say for instance Automotive and E-Bus, Electronics devices, Industrial and energy storage, etc. Dating back to 20 years, Lithium-ion batteries have been used due to its high performance and portable sizes. Currently, because of the government and environmental support Hybrid Vehicle’s, Electric Vehicle’s and E-Buses are more likely using more lithium-ion batteries in the upcoming years.

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Cathode Material & its Segmentation
Renub Research explores the making of lithium-ion battery cells and battery packs and its core materials i.e. Cathode. Furthermore, Cathode is segmented into NCA (Lithium, Nickel Cobalt Aluminium Oxide), LMO (Lithium Manganese Oxide) LFP (Lithium Iron Phosphate), LCO (Lithium Cobalt Oxide), and NMC (Lithium Nickel Manganese Cobalt Oxide). This report also lets you know about Separator, Anode and Electrolyte in both volume and value.

Apart from its applications we have also examined and analysis about value chain of lithium-ion battery from pack manufacturer, Cell manufacturer to Materials etc.

Segmentation: Lithium-ion Battery Market

By Application – Lithium-ion Battery Market & Volume
• Electronic Devices
• Automotive & E-Bus
• Industrial & Energy Storage System
• Others

By Material – Lithium-ion Battery Market & Volume
• Cathode
• Anode
• Separator
• Electrolyte

Key Companies – Business Strategy, Production, Sales Covered in the report
• Samsung SDI
• LG Chemical
• SANYO Panasonic

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News Release: Global lithium-ion battery market is more than US$ 40 Billion by 2024
Submitted on: February 21, 2018 06:31:53 AM
Submitted by: Rajat Gupta
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