09/05/2018
Featured in Market Watch story: Lithium Market set to Expand as Lithium-ion Battery Dependence Grows! Click the link to read more...
According to data compiled by Grand View Research, the global lithium-ion battery market is projected to reach USD 93.1 Billion by 2025 while growing at a CAGR of 17% during the forecasted period. The rapid growth of the market is attributable to the increased usage of lithium-ion batteries in consumer electronics, grid storage systems and the rise of electric vehicles. The batteries are widely used in portable electronic products such as phones and laptops. Currently, manufacturers are advancing batteries to reduce the size, weight and delivering a higher energy output, driving even more demand. While consumer electronics dominate the battery segment, emerging applications such as electric vehicles and energy storage systems are expected to see the fastest growth in the near future. Blue Eagle Lithium Inc. , General Motors Co. GM, -0.67% Rio Tinto plc RIO, +0.19% Johnson Controls International plc JCI, +0.82% Lithium Americas Corp. LAC, -7.24%
NEW YORK, September 4, 2018 /PRNewswire via COMTEX/ -- NEW YORK, September 4, 2018 /PRNewswire/ -- According to data compiled by Grand View Research, the global lithium-ion battery market is projected to reach USD 93.1 Billion by 2025 while growing at a CAGR of 17% during the forecasted period. The....