The dimethyl carbonate market is projected to grow from USD 797 million in 2020 to USD 1,078 million by 2025, at a CAGR of 6.2% from 2020 to 2025. The increasing demand for polycarbonates and lithium-ion batteries is expected to drive the global dimethyl carbonate market. Based on application, the battery electrolyte segment is projected...
The residential battery market is expected to grow at a CAGR of 6.5% during the forecast period 2020 – 2025. The residential battery market is likely to grow in the coming years, owing to increasing deployment of solar power generation and rising need for energy storage solutions in residential sector across the world. The steady improvement...
The market for lithium-ion batteries in India is expected to grow at a CAGR of 12.47% during the forecast period. The market value of 2019 is USD 1.89 billion and the estimated market value for the year 2026 is USD 4.84 billion. The COVID-19 pandemic has impacted the lithium-ion industry due to disruption in the supply chain, as the country...
Asia Pacific electric three-wheeler market is estimated to be 156,397 units in 2021 and is projected to grow to 486,446 units by 2026, at a CAGR of 25.5% during the forecast period. Electric three-wheelers run on the electrical energy stored in the rechargeable battery unit. These battery units can either be charged through an external power...
China’s demand for Battery has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and...
The battery testing equipment market was valued at US$ 452.40 million in 2019 and is projected to reach US$ 653.71 million by 2027; it is expected to grow at a CAGR of 4.7% from 2020 to 2027. North America is the most technologically advanced region across the World, with major economies such as the US, Canada, and Mexico.The developed...
The market for lithium-ion batteries is expected to register a CAGR of 22.58%, during the forecast period (2020-2025). Major factors driving the market studied are the emergence of new and exciting markets, via electric vehicle and energy storage systems (ESS), for both commercial and residential applications, declining lithium-ion battery...
The global battery electrolyte market is expected to grow at a CAGR of more than 7.4% over the period of 2020-2025.Factors such as increasing awareness level of cleaner transportation systems and the electric vehicle deployment is growing at a rapid pace across the world, which in turn is expected to create a huge demand for batteries, thereby...
The market for secondary battery is expected to grow at a CAGR of approximately 12.90% during the forecast period of 2020 – 2025. Major factors driving the market include declining lithium-ion battery prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics. On the other hand, the demand-supply...
The market for lithium-ion battery (LIB) separator is expected to register a CAGR of more than 18.01%, during the forecast period 2020-2025. Major factors driving the market studied are the increasing adoption of lithium-ion batteries that significantly complements the growth of the lithium-ion battery separator market, as separators are an...