Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Rechargeable Poly Lithium-Ion Battery Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
A new market research publication on the global rechargeable poly lithium-ion battery market predicts significant growth, with the market expected to reach a value of $198.69 billion by 2028. This report follows the market’s strong performance in recent years, spotlighting advancements in electric vehicles (EVs), consumer electronics, and renewable energy integration as major growth factors.
Asia-Pacific Leads in Rechargeable Poly Lithium-Ion Battery Advancements
Asia-Pacific emerged as the largest region in the rechargeable poly lithium-ion battery market in 2023, spearheading innovation and adoption of this technology. Industry giants have been focusing on product innovation to enhance safety and performance, with key trends including the development of improved polymer materials and electrical and physical double isolation in battery systems.
Electric Vehicle Boom Continues to Propel Battery Market Growth
The report highlights that the surge in electric vehicle sales is notably fueling the market expansion. Electric vehicles, renowned for their sustainability and efficiency, depend on rechargeable poly lithium-ion batteries for enhanced performance and energy density. This trend is expected to continue as consumer preference and government policies increasingly favor EV adoption.
Advancements in Technology and Safety Initiatives Open New Avenues
Technological advancements, such as the introduction of solid polymer electrolytes that boost ionic conductivity and can operate across a broad temperature range, are making significant waves in the market. Safety measures like electrical and physical double isolation have also become paramount, with companies like Kehua introducing lithium-ion battery systems that incorporate these features for energy reform.
Electronics Production Surge Supports Battery Market Demand
An upswing in global electronics production is further driving the demand for rechargeable poly lithium-ion batteries. As essential components in portable and efficient energy storage for a myriad of devices, these batteries have an instrumental role in the ongoing expansion of the electronics sector.
Market Research Offers a Holistic View on the Industry’s Future
This market research report offers an extensive analysis of the rechargeable poly lithium-ion battery market, providing insights into the historical growth, current market dynamics, and potential future developments. It includes a comprehensive evaluation of market segments, geographical regions, and key players influencing the market trajectory.
- Identification of significant growth drivers in the market.
- Insights into regional market performances with a spotlight on Asia-Pacific.
- Evaluation of market trends that are shaping industry advancements.
- Analysis of various market segments, including both cylindrical and prismatic types.
A selection of companies mentioned in this report includes
- Samsung Electronics Co. Ltd.
- 3M
- Koninklijke Philips N.V.
- Motorola Solutions Inc.
- Toshiba Corporation
- Fujifilm Holdings Corporation
- Olympus Corporation
- Nikon Corporation
- Sony Corporation
- LiPol Battery Co. Ltd.
- Shenzhen Honcell Energy Co. Ltd.
- Panasonic Holdings Corporation
- Amara Raja Batteries Limited
- Exide Industries Ltd.
- Tata Chemicals Limited
- Maxell Holdings Ltd.
- Eastman Kodak Company
- YOK Energy Co. Ltd.
- China manufacturer LiPol Battery Co. Ltd.
- Engionix Inc.
- LG Chem Ltd.
- Hitachi Maxell Ltd.
- Energizer Holdings Inc.
- BYD Company Limited
- A123 Systems LLC
- E-One Moli Energy Corp.
- GS Yuasa Corporation
- Saft Groupe S.A.
- Valence Technology Inc.
For more information about this report visit https://www.researchandmarkets.com/r/3ko90z
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