Allied Market Research’s report titled, "Lithium Ion Battery Market By Component and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025" sees the global lithium-ion battery market was pegged at $30.19 billion in 2017 and is expected to garner $100.43 billion by 2025, registering a CAGR of 17.1% from 2018 to 2025. Increasing demand for electric vehicles, stringent government regulations to reduce pollution, and higher energy requirement for new consumer gadgets are expected to boost the growth of the global lithium-ion battery market
- Cathode segment to hold the largest market share through 2023
- Automotive segment to create lucrative opportunities
- Asia-Pacific region governs the market
- The key players analyzed in the report include Automotive Energy Supply Corporation, Samsung SDI Co. Ltd., LITEC Co., Toshiba Corporation, China BAK Battery Co. Ltd., Panasonic Corporation, LG Chem Power (LGCPI), A123 Systems, Hitachi Chemical Co., Ltd., and GS Yuasa International Ltd.
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