Lithium-ion Battery Market Size & Share Report, 2021-2028
The global lithium-ion battery market size was valued at USD 53.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 19.0% from 2020 to 2028. The growth of the market is attributed to the growing demand for the lithium-ion battery in Electric Vehicles (EVs) and grid storage as it offers high-energy density solutions and lightweight.
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