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Self healing battery electrode likely to boost greater charge capacity of Li-ion battery

The market is likely to grow at 23.8 percent compound annually from 2014 to 2020

News | CIOL Bureau

MOUNTAIN VIEW, USA: The lithium-ion battery market has continued to evolve with emphasis on extremely long life, scalability, low cost/kWh, 100 percent safe high energy density and high efficiency. The lithium-ion battery market has shown huge potential with its use in consumer, industrial, automotive and renewable energy/grid storage applications.

“The market is likely to grow at 23.8 percent compound annually from 2014 to 2020,” said Vishal Sapru, Research manager, Energy & Environment at Frost & Sullivan. “The applications driving this market include renewable energy/grid storage growing at 57 percent, followed by automotive growing at 36 percent respectively. The consumer and industrial segment will grow at 8 percent and 14 percent, respectively.”
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