Industry and News Lithium Ion Battery Market | Page 2

household electricity, and automotive applications such as EVs & HEVs and energy storage systems
in power plants for their specific purposes.
Lithium-ion batteries have been gaining importance as a rechargeable power source; as they are
environment-friendly as compared to conventional batteries such as nickel-cadmium, lead-acid, and
nickel metal hydride batteries. Growing use in consumer electronics such as tablets, smartphone,
and in healthcare tools like respirators and surgical devices has been raising the lithium-ion battery
market in the past couple of years.
The Major factors driving the growth of lithium ion battery market are the growing demand for
energy-efficient, safe and low cost batteries, high energy density, self-discharge, various types
available and no need for priming. The key target audiences of the lithium-ion battery market are
consumer electronics manufacturers, automotive consultants, lithium-ion battery distributors &
providers, smart grid integrators, technology investors, lithium-ion battery manufacturing
companies and research organizations, technology standard organizations, forums, alliances and
associations.
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Based on type, the lithium ion market is segmented into lithium nickel manganese cobalt (LI-NMC),
lithium cobalt oxide (LCO), lithium iron phosphate (LFP), lithium manganese oxide (LMO), lithium
titanate oxide (LTO), lithium nickel cobalt aluminium Oxide (NCA) and so on. Based on technology,
the lithium-ion market is segmented into cathodes, separators, anodes, electrolytes, foils, binders
and so on. Based on power capacity, the lithium-ion market is segmented into 0 to 3000mAh,
3000mAh to 10000mAh, 10000mAh to 60000mAh and more than 60000mAh.
Based on application, the lithium-ion market is segmented into industrial, automotive, grid energy
storage, renewable, consumer electronics, electric vehicles, energy storage, marine, medical,
aerospace & defense, power, textile and so on. The segment “electronics” is further classified as
UPS, smartphone, tablet/PCs, games, gardening tools & drilling and so on; whereas the segment
“automotive” is further classified as scooters & bikes, train & aircraft, cars, trucks and buses.