Lithium-ion Battery Market size to grow by USD 198.26 billion from 2022 to 2027|A123 Systems LLC, AT and T Inc., BAK Power, BYD Co. Ltd. and more among the key companies- Technavio
NEW YORK, Nov. 9, 2023 /PRNewswire/ -- The global lithium-ion battery market size is estimated to grow by USD 198.26 billion from 2022 to 2027, according to Technavio.
- NEW YORK, Nov. 9, 2023 /PRNewswire/ -- The global lithium-ion battery market size is estimated to grow by USD 198.26 billion from 2022 to 2027, according to Technavio.
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The augmented demand for consumer electronics is a major driver for the growth of the lithium-ion battery market during the forecast period. - The growing popularity of fuel cell solutions is a major challenge hindering the global lithium-ion battery market growth.
- The train battery market is estimated to grow at a CAGR of 5.45% between 2022 and 2027.