July 22, 2013—The global market for lithium-ion batteries is expected to reach $25 billion by 2017, according to a recently released report by Research and Markets.
Lithium-ion batteries are currently used in consumer electronic devices like mobile phones and notebook PCs. The report released by Research and Markets, “Global Market for Lithium-Ion Batteries – Forecast, Trends & Opportunities 2013-2020,” predicts that lithium-ion batteries will be used for automotive products in electric vehicles and in storage applications in the future, leading to a growing market.
TDK Corporation, Samsung SDI Co. Ltd., LG, Panasonic and Hitachi are some of the biggest players in the industry with South Korean firms aggressively winning market share.
For more information visit Research and Markets website.