The global lithium ion battery market size will exceed 100 billion US dollars in
发布时间：2020-06-19
"The global lithium-ion battery Market is expected to grow at a cAGR of 14.3 percent in the 2018-2025 forecast period," said Adroit Market Research.
Driven by growing global demand for electric vehicles, consumer electronics and energy storage solutions, the global lithium-ion battery market is expected to exceed $100bn by 2025. Easy access, high energy density, low discharge rate and long life cycle are some of the key features that make lithium-ion batteries superior to their peers and are expected to boost global market revenues.
At the same time, increased investment in energy-efficient technologies such as renewable energy is one of the key factors driving market growth. In the Netherlands, for example, the Energy Investment Subsidy (EIA) programme encourages investment by offering benefits such as tax breaks on investment.
Battery storage in stationary applications is expected to grow at least 17-fold by 2030, according to the International Renewable Energy Agency (IRENA). Increasing the use of fixed energy storage and stimulating demand for electric vehicles (EVs), especially in developing countries, such as China, are expected to provide major power for lithium-ion battery installations in the coming years.
In 2017, consumer electronics accounted for more than 40 percent of the global lithium-ion battery revenue market. According to a recent survey, the global consumer electronics penetration rate stood at 26.4 percent in 2018 and is expected to grow to 34.1 percent by 2022. The consumer electronics market continues to grow as participants around the world continue to make technological advances.
In addition, manufacturers are constantly inventing and introducing innovations in these categories to increase sales and profit margins. This has led to a growing number of mature products (e.g
