According to foreign media reports, according to a report released by Global Market Insights, the market value of the lithium-ion battery market will exceed $60 billion by 2024.
It is estimated that by 2024, the Japanese lithium-ion battery market will increase by more than 8%. The industry is optimistic about the prospects of the automotive industry. The increase in the application rate of smart devices will boost product demand. The Japanese government is committed to limiting emissions, the future. The trend will shift to the use of sustainable energy, which will further drive the market growth of the lithium battery industry.
Currently, the industry continues to invest in distributed generation, and 'off-grid' power generation technology will promote the penetration of products into energy storage applications. The rapid expansion of microgrid will further provide the driving force for industry growth. Nickel manganese cobalt oxide, lithium iron phosphate and nickel cobalt aluminum oxide batteries will be used as secondary batteries for such applications.
In 2016, the market value of the lithium-ion battery market in the Middle East and Africa is more than US$1 billion. With continued investment in renewable energy grid infrastructure research, there will be growth in the future. Investment in microgrids in remote areas will further Promote the demand for its products.
Currently, the core players in the lithium-ion battery market include: Tesla, Panasonic, Samsung, Hitachi Chemical, GS Yuasa, Philips, A123 Systems, Sanyo, LG Chem, Ennadel (EnerDel), Toshiba, ProLogium, Valence, Exide, Saft Battery, Energies Power, Roofer, Padre Electronics, Ding Tai, Johnson Controls And Duracell.
