18
Oct.
2023
Lithium-ion Battery Market: Embracing New Development Opportunities
The lithium-ion battery market has been growing rapidly in recent years, driven by the increasing demand for electric vehicles, renewable energy storage, and portable electronic devices. According to a report by Grand View Research, the global lithium-ion battery market size was valued at USD 32.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 13.0% from 2020 to 2027. In this blog post, we will explore the current state of the lithium-ion battery market and the new development opportunities it is embracing.