Lithium Ion Battery Market (Cathode, Anode, and Electrolytic Solution) is Expected to Reach USD 33.11 Billion Globally in 2019: Transparency Market Research

Lithium Ion Battery Market (Cathode,Lithium Ion Battery Market (Cathode, Anode, and Electrolytic Solution) is Expected to Reach USD 33.11 Billion Globally in 2019: Transparency Market Research PR Newswire ALBANY, New York, November 27, 2013 According to a new market report published by Transparency Market Research "Global Lithium Ion Battery Market(Cathode, Anode, and Electrolytic solution) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013- 2019", the global market was worth USD 11.70 billion in 2012 and is expected to reach USD 33.11 billion in 2019, growing at a CAGR of 14.4% from 2013 to 2019. Due to the increasing demand and huge potential of lithium-ion battery in consumer, automotive and industrial sectors, Asia Pacific was the largest market for lithium-ion batteries in 2012. Browse the full report with complete TOC at http://www.transparencymarketresearch.com/lithium-ion-battery- market.html The lithium-ion battery market is primarily driven by improving efficiency of battery and increasing application in EVs and HEVs and energy, medical and military. In addition, stringent government regulations related to carbon emissions in regions such as Europe, North America and China is supporting its growth. At the same time, higher life cycle as compared to lead nickel, nickel cadmium and nickel metal hydride batteries is expected to increase L-I demand in the coming years.