Leading Companies in Lithium Ion Battery MarketPosted by Divya Rathi on July 15th, 2019
Lithium-ion (Li-ion) semiconductor battery is one of the most promising power storing and supply technology at present and for the time to come. The market for Li-ion battery is growing at a good pace. Li-ion batteries have been in R&D for more than decades and significant investment is being made towards devising innovative solutions to utilize the technology in widespread industries including energy grid and storage, consumer electronics, automotive, industrial and others. Thus, the technology holds immense potential to grow in the future. For Li-ion batteries, the demand is rapidly rising in automotive as well as the energy grid and storage industry. The Li-ion battery market is expected to be driven by some of the major factors such as rising demand of electric vehicles, increasing usage of portable electronic devices, growing concept of the Internet of Things, high requirement for battery-operated equipment and automation Top players in the global Li-ion battery market are BYD Company Ltd., LG Chem Ltd., Panasonic Corporation, Samsung SDI Co. Ltd. and GS Yuasa Corporation. Companies like Asahi Kasei Corp, Zeon Corp., and S.K. Innovation are making significant strides in the lithium ion battery Several start-ups working on improving lithium battery technologies and introducing innovations in the commercial market are raising millions of dollars from venture capitalists. Some of the top companies are most active in providing a variety of solutions associated with Li-ion battery are mention below:
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