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According to a new report Global Lithium-Ion Battery Market, published by KBV research, the Global Lithium Ion Battery Market size is expected to reach $50.9 billion by 2023, rising at a market growth of 10.6% CAGR during the forecast period.
The Asia Pacific market holds the largest market share in Global Cathode Lithium Ion Battery Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 9.5 % during the forecast period. The Europe market is expected to witness a CAGR of 10.6% during (2017 - 2023) in Global Anode Lithium-Ion Battery Market. Additionally, The North America market is expected to witness a CAGR of 11.4% during (2017 - 2023) in Global Electrolytic Solution Lithium-Ion Battery Market.
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years. The major strategies followed by the market participants are Product launches and Partnerships & Collaborations.
KBV Cardinal Matrix - Lithium Ion Battery Market
The Electronics market holds the largest market share in Global Lithium-Ion Battery Market by Vertical in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 9.5 % during the forecast period. The Automotive market is expected to witness a CAGR of 11.6% during (2017 - 2023). Additionally, The Industrial market would garner market size of $7,894.6 million by 2023.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Lithium-Ion Battery Market have been discussed in the report with the competition analysis and elaborated company profiles of Toshiba Corporation, Panasonic Corporation, GS Yuasa Corporation, Automotive Energy Supply Corporation (AESC), BAK Group, Samsung Electronics Co. Ltd. (Samsung SDI Co. Ltd.), Hitachi, Ltd. (Hitachi Chemical Co., Ltd.), LG Corporation (LG Chem), BYD Company Ltd., and A123 Systems, LLC.
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