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COVID-19 Impact and Recovery Analysis- Global Lithium-Ion Battery Market 2020-2024 | Increased Shipments of Smart Wearables to Boost Growth | Technavio


Technavio has been monitoring the lithium-ion battery market and it is poised to grow by USD 47.81 billion during 2020-2024, progressing at a CAGR of over 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the lithium-ion battery market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A123 Systems LLC, Amperex Technology Ltd., BYD Co. Ltd., Dalian CBAK Power Battery Co. Ltd., Envision Energy USA Ltd., Hitachi Ltd., LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., and Toshiba International Corp. are some of the major market participants. The increased shipments of smart wearables will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this lithium-ion battery market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Lithium-Ion Battery Market 2020-2024: Segmentation

Lithium-Ion Battery Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41001

Lithium-Ion Battery Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The lithium-ion battery market report covers the following areas:

This study identifies a decline in lithium-ion battery price as one of the prime reasons driving the lithium-ion battery market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Lithium-Ion Battery Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Type

Customer landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendors covered

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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