Lithium-Ion Battery Market size was valued at USD 42.1 billion in 2022 and is expected to reach a value of USD 50.1 billion by 2029, witness CAGR of 12.1% during the forecast period 2023 to 2029. Due to increasing demand of new markets, which work on electric vehicles and energy storage systems (ESS) for both commercial & residential applications, decreasing cost of lithium-ion batteries, increasing sales of smartphones, tablets/PCs, digital cameras, and power tools and increasing R&D activities for the development of lithium-ion battery market are the major factors that are driving the growth of the global lithium-ion battery market over the forecast timeframe. The report studies market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

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