The lithium ion cell and battery pack market is gaining momentum as lithium-ion batteries offer advantages of higher efficiency and longer lifespan over other batteries such as lead acid ones. The rising demand for electronics with improved battery life and superior performance is expected to stir demand for lithium-ion batteries among manufacturers of consumer electronics. This is because lithium-ion batteries satisfy the demand for high power density needed by handheld devices for wireless ... Read more

The global lithium ion cell battery and battery pack market is prognosticated to exhibit a highly positive growth trajectory in the forthcoming years, as stated by Transparency Market Research (TMR). The report mentions that the worldwide market is fairly fragmented, with the top players holding a substantial portion of the market revenue. The market participants are expected to invest in strategic growth strategies such as investing in research and development and pursue the expansion of ... Read more