Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
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According to the latest report by IMARC Group, titled “Lithium-ionBattery Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2021-2026”, the global lithium-ion battery market size
reached a value of US$ 34.1 Billion in 2020. A lithium-ion
battery refers to a type of rechargeable battery having high energy density. It
requires low maintenance and uses an intercalated lithium compound as its
electrode. These batteries are relatively lighter than other rechargeable
variants of the same size. They do not need scheduled cycling to improve the
shelf life and have lower self-discharge rates than nickel-cadmium batteries.
Since they do not have a memory effect, they do not require complete discharge
prior to recharging. As a result, these batteries are used in a vast array of
products including automobiles, mobile devices, watches, cameras, pacemakers
and personal computers.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Lithium-ion Market Trends:
On account of the escalating internet penetration and rising
purchasing power of users, especially across the emerging economies, the sales
of portable electronic devices such as mobiles and laptops are continually
increasing. This, coupled with the numerous advantages offered by lithium-ion
batteries, is strengthening the growth of the market. In addition to this, consumers
are now making a shift from traditional automobiles to electric vehicles. This
can be attributed to the rising awareness amongst the users about the reduced
greenhouse gases emissions associated with the usage of electric vehicles. This
is further supported by tax incentives and subsidies offered by several
governments to EV manufacturers. For instance, the European Union recently
funded the ‘GREENLION’ collaborative project for manufacturing affordable
lithium-ion batteries for EVs. Moreover, increasing fluctuations in the supply
of and demand for electricity have bolstered the demand for these batteries for
use in energy storing devices such as solar grids for industrial and
household applications. Furthermore, governments of several countries have
imposed strict policies regarding pollution and the consumption of
non-renewable resources including oil, coal and natural gas, which is
positively influencing the market growth.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined
with some of the lithium ion battery manufacturers being A123 Systems LLC, AESC
SDI CO.,LTD., LG Chem Ltd., Panasonic Corporation, SAMSUNG SDI CO.,LTD.,
Toshiba Corporation, Amperex Technology Limited, BAK Group, Blue Energy
Limited, BYD Company Ltd., CBAK Energy Technology, Inc., Tianjin Lishen Battery
Joint-Stock CO.,LTD., Valence Technology, Inc., SK innovation Co., Ltd, and
Hitachi, Ltd.
Breakup by Product Type:
Breakup by Power Capacity:
Breakup by Application:
Regional Insights:
Key highlights of the report:
About Us:
IMARC Group is a leading market research company that offers
management strategy and market research worldwide. We partner with clients in
all sectors and regions to identify their highest-value opportunities, address
their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific,
economic and technological developments for business leaders in pharmaceutical,
industrial, and high technology organizations. Market forecasts and industry
analysis for biotechnology, advanced materials, pharmaceuticals, food and
beverage, travel and tourism, nanotechnology and novel processing methods are
at the top of the company’s expertise.
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IMARC Group
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Other Reports by IMARC Group
2021-2026:
Fuel Cell Market Report: https://www.imarcgroup.com/fuel-cell-market
Gaming Market Report: https://www.imarcgroup.com/gaming-market
Metal Packaging Market Report: https://www.imarcgroup.com/metal-packaging-market
Scada Market Report: https://www.imarcgroup.com/scada-market
Applicant Tracking System Market Report: https://www.imarcgroup.com/applicant-tracking-system-market
Non-Destruction Testing Inspection Market Report: https://www.imarcgroup.com/non-destructive-testing-inspection-market
Cellular iot Market Report: https://www.imarcgroup.com/cellular-iot-market
Food Packaging Market Report: https://www.imarcgroup.com/food-packaging-market
Data Center Power Market Report: https://www.imarcgroup.com/data-center-power-market
Submersible Pumps Market Report: https://www.imarcgroup.com/submersible-pumps-market
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