The global lithium ion battery market was valued at $30.2B in 2017 and is projected to reach $100.4B in 2025.

This growth can be attributed to many industry and innovation drivers:

Battery Industry and Innovation Drivers

Industry Drivers

  • Automotive
  • Smartphones
  • Laptops
  • Power Banks
  • Power Tools

Innovation Drivers

  • Life Extension
  • Energy Density/Weight
  • Safety
  • Cost Reduction
  • Charging Speed
  • Operating Temperature
  • Battery Management System
Temperature sensor

As battery technology becomes more complex, we are seeing more battery management system components come into the market as well, including:

  • Temperature sensors
  • Voltage regulators
  • Charge-state monitors
  • Energy level monitors

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