Lithium Ion Battery Market worth 68.97 Billion USD by 2022 - PowerPoint PPT Presentation

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Lithium Ion Battery Market worth 68.97 Billion USD by 2022

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The lithium ion battery market is expected to be valued at USD 68.97 Billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022. The growth of this market is propelled by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries. Download PDF Brochure: One of the key restraining factors for the lithium ion battery market are overheating of lithium ion batteries which poses security concerns and inadequate charging infrastructure. The key market players such as LG Chem Ltd. (South Korea) and Panasonic Corporation (Japan) are focusing on the strategies such as contracts, agreements, and partnerships to enhance their geographical presence and expand their business. – PowerPoint PPT presentation

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