Lithium-ion Battery Market to Develop Rapidly by 2024
The global lithium-ion batteries market is highly consolidated with the leading three companies accounting for 57% of the market in 2016, Transparency Market Research (TMR) states in its new research report. These three companies are: Panasonic Corporation, LG Chem Power Inc., and Samsung SDI Co. Ltd. Leading players in the market are adopting the strategy of providing dedicated services at competitive pricing. Developing new application-specific working materials is also becoming a strategy of these players. Some of the other companies operating in the market are: Hitachi Chemical Corporation, Toshiba Corporation, Johnson Controls Inc., GA Yuasa Corporation, and Automotive Energy Supply Corporation (ASEC). These companies are partnering up with other companies, collaborations, and mergers and acquisitions so as to expand their market presence and acquire more share in the market. The degree of competition will be high throughout the period from 2016 to 2024, predicts the report fro...
