DUBLIN–(BUSINESS WIRE)–The “Lithium-Ion (Li-ion) Batteries – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Lithium-Ion (Li-ion) Batteries Market to Reach US$92.3 Billion by the Year 2027
The global market for Lithium-Ion (Li-ion) Batteries estimated at US$38.6 Billion in the year 2020, is projected to reach a revised size of US$92.3 Billion by 2027, growing at a CAGR of 13.3% over the analysis period 2020-2027.
Lithium Nickel Manganese Cobalt (NMC), one of the segments analyzed in the report, is projected to grow at a 16% CAGR to reach US$46.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium Iron Phosphate (lfp) segment is readjusted to a revised 11.5% CAGR for the next 7-year period. This…