Rechargeable Poly Lithium Ion Battery Market Size Worth $197.9 Billion By 2027: Grand View Research, Inc.

Rechargeable Poly Lithium Ion Battery Market Size Worth $197.9 Billion By 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, July 22, 2020

SAN FRANCISCO, July 22, 2020 /PRNewswire/ -- The global rechargeable poly lithium ion battery market size is expected to reach USD 197.9 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.0% from 2020 to 2027. Growing sales of electric vehicles and variation in customer's preferences are expected to boost the market growth.

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The market has become the dominant battery market for consumer electronic devices and is assured to become routine place for transportation, industrial, and power-storage systems. From a technological point of view, because of high energy density, demand for rechargeable poly lithium ion batteries has been driven by rapid growth of portable electronic equipment, such as laptops, mobiles, and digital cameras.

Key suggestions from the report:

Read 130 page research report with ToC on "Rechargeable Poly Lithium Ion Battery Market Size, Share & Trends Analysis Report By Structure (Cylindrical, Prismatic), By Application (Electric Vehicles, Consumer Electronics), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/ industry-analysis/rechargeable-pli-poly-lithium-ion-batteries-industry

Additionally, product demand has been enhanced by the anticipation that rechargeable batteries will play as an important alternative energy technology used in electric bikes (e-bikes), hybrid vehicles, stationary energy storage, electric vehicles (EVs), and plug-in hybrid electric vehicles (PHEVs) applications, such as medical, solar power storage, data center, telecommunication, unmanned vehicles, telecom sector, remote stations, and remote location batteries.

The electric vehicles segment application dominated the overall market and accounted for 32.2% share of the total revenue in 2019. The power application segment is expected to register the fastest CAGR of 7.8% from 2020 to 2027.

Grand View Research has segmented the global rechargeable poly lithium ion battery market based on structure, application and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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