Global Automotive Lithium Ion Battery Packs Market: Overview
Growing need for environment-friendly and cost-effective batteries will continue to impact growth of the global automotive lithium ion battery packs market positively. In order to reduce the level of pollution, government authorities are increasingly encouraging the adoption of the hybrid and plug-in hybrid vehicles globally. Surge in adoption of the hybrid vehicles will continue to rev up demand for the lithium ion batteries in the automotive industry significantly. Equipped with enhanced features, demand for the automotive lithium ion battery packs is expected to remain high in the global market. Besides increasing adoption in the automotive industry, automotive lithium ion battery packs also continue to witness increasing demand for the production of various electronic products such as smartphones, power tools, PC and tablets. However, the performance of the battery continues to drop in hot temperature conditions, which is expected to remain a major challenge for the smartphone manufacturers.
The report offers detailed insights on some crucial aspects of the global automotive lithium ion battery packs market and offers information on competitive landscape, important segments, growth patterns and factors fuelling growth of the global market.
Market TaxonomyRegion Battery Capacity Vehicle Technology Vehicle Type
Global Market Study on Automotive Lithium Ion Battery Pack: Passenger Cars to Lead the Global Market in Terms of Revenue During 2017-2026Buy Now
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