Lithium-ion batteries require low-maintenance and they utilize interrelated lithium compound as electrodes. As these batteries are relatively lighter than their counterparts, they are utilized in a vast array of products such as automobiles, mobile devices, pacemakers and personal computers. According to the global lithium-ion market report by IMARC Group, the market reached a value of US$ 28.5 Billion in 2018.
Automotive Energy Supply Corporation (AESC), LGCHEM (051910.KS), PANASONIC CORP (PCRFY), SAMSUNG SDI CO.,LTD. (006400.KS), TOSHIBA CORP (TOSBF), Amperex Technology (ATL), TBC BANK GP share price (TBCG), BYD COMPANY (1211.HK),BLUE ENERGY LIMITED. (BLU), Tianjin Lishen Battery, Valence Technology, SK innovation, and Hitachi Ltd.
With the rising internet penetration and inflating income levels of consumers, the sales of portable electronic devices like mobiles and laptops are continually increasing which, in turn, is strengthening the growth of the lithium-ion battery market worldwide. Moreover, consumers nowadays are shifting from conventional automobiles to electric vehicles that use lithium-ion batteries to operate. This can be accredited to the growing awareness among users about reduced greenhouse gas emissions associated with the use of electric vehicles. Looking forward, the global lithium-ion battery market size is further projected to reach US$ 53.8 Billion by 2024, at a CAGR of 11% during 2019-2024.
Some of the Lithium-ion Battery Manufacturers are:
A123 Systems
Automotive Energy Supply Corp.
LG Chem Battery Manufacturer
PanasonicSamsung SDI
Panasonic
Toshiba
Amperex Technology (ATL)
BAK Group
Blue Energy
BYD
Source: IMARC Group
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