Market Revenue Automotive Lithium-Ion Battery Industry

Automotive Lithium-Ion Battery Industry Is Displaying A Robust
Growth Due To Product Demand Forecast 2025
“Automotive Lithium-Ion batteries are relatively lighter in weight and more
compact than conventional batteries. Employing the battery with slim
laminated structure and fewer parts has amplified its flexibility, making its
installation easier than its counterparts.”
Increasing awareness regarding the advantages of Electric Vehicles (EVs) backed by favorable government
initiatives is anticipated to drive the global Automotive Lithium-Ion Battery Market over the forecast
period. Rising need for high power and high energy density along with excellent safety performance along with
minimum self-discharge and low maintenance capabilities are stimulating growth in industry. Escalated
adoption of Li-ion batteries in hybrid electric vehicles is driving industry growth. Automotive Li-ion batteries
provide higher efficiency than traditional Lead batteries. Additionally, Li-ion batteries are perceived as green
alternatives to lead and Absorbed Glass Mat (AGM) batteries. High endurance feature makes these batteries
apt for high drain devices and automobiles.
Li-ion batteries are relatively lighter in weight and more compact than conventional batteries. Employing the
battery with slim laminated structure and fewer parts has amplified its flexibility, making its installation easier
than its counterparts. Automobile industry is increasingly adopting Li-ion batteries as it is the most promising
and fastest growing battery chemistry. Light weight and high electrochemical potential of Lithium metal can be
attributed as a major reason for increased adoption of Li-ion batteries in automobiles Automotive Li-ion
batteries are experiencing an upsurge in demand owing to capabilities such as prolonged battery life, low
maintenance and low self-discharge rate than the usual nickel-cadmium car batteries. Li-ion batteries are swiftly
replacing lead-acid batteries as these batteries are well suited for contemporary fuel gauge applications. Li-ion
batteries offer greater safety to automobile users than the potentially hazardous lead-acid batteries.
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