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<br>Highly fragmented market is expected to be one of the restraining factors for the growth of lithium ion battery market over the forecast period.
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LITHIUM ION BATTERY MARKET - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
REPORT DESCRIPTION Lithium Ion Battery Market Overview
REPORT DESCRIPTION Lithium Ion Battery Market Outlook – Increasing Demand for Automotive Applications to be the Major Market Driver Asia Pacific is expected to be the most potential market for lithium ion battery manufacturers. The market in the region is projected to witness relatively high growth in terms of value over the forecast period. Rapidly growing automotive industry coupled with increased demand of batteries for consumer and commercial goods has augmented the growth of lithium ion battery market in developing countries such as India and China. According to IBEF, in 2016, the Indian automotive industry was valued at US$ 31.84 billion. This is further complemented by 100% FDI permitted by the Indian government in the automotive sector. This has attracted investors such as Bosch, Continental Engines, ZF, Aisin Seiki Company, Delphi, FAG, Denso, Magneti Marelli, WABCO, TRW and Valeo. This trend is expected to be followed over the forecast period. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.Recharging capability and high energy density are fueling the demand for lithium ion battery, especially in Asia Pacific and Middle East regions. Highly fragmented market is expected to be one of the restraining factors for the growth of lithium ion battery market over the forecast period. Request to view the table of Content: https://www.coherentmarketinsights.com/ongoing-insight/toc/284
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