Batteries | TechInsights

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:

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

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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The World of Lithium Ion Batteries

Lithium ion (Li-ion) batteries are one of the most widely used rechargeable battery types, especially for mobile devices such as smartphones, tablets and laptops, and in electric vehicle applications. The continually growing interest in Li-ion technology and applications translates to a forecast CAGR of over 20%, and a market of approximately $100 billion by 2025.