The global lithium-ion battery market is segmented into various end-use industries, including electrical & electronics, automotive, and industrial, and others. Other segments include medical, military, and textile industries. The electrical & electronics segment registered the highest contributor growth in the market. Lithium-ion batteries in electronics are primarily used in smartphones & tablets/PCs, UPS, and few other types of devices, owing to longer service life and high energy density of these batteries.
The electrical & electronics end-use industry is further segmented into smartphones, tablet/PC, UPS, and others. Among all electronic devices, the smartphones & tablets/PCs segment dominated the market in 2019, accounting for around 54% of the overall revenue.The automotive end-use segment is sub segmented into cars, buses, & trucks;scooters & bikes, and trains & aircraft. Cranes & forklift, mining equipment, and smart grid & renewable energy storage are considered under industrial end-use segments.
Asia-Pacific grows at a significant rate in the lithium-ion battery market analysis. This is attributed to the fact that China is expected to lead in the adoption of lithium-ion batteries to control increasing pollution in its cities. The Chinese Government further focuses on hybrid vehicles with pure electric drives. Furthermore, electrification of delivery vehicles and pickups is expected to raise the demand for these batteries. Major automakers in the commercial vehicle segment focus on hybrid drive systems across different model ranges. Therefore, the growth of the electric vehicles/golf cart is anticipated to eventually drive the market for lithium-ion batteries. https://www.jbbatteryportugal.com, finding lithium ion battery brand in largest china lithium ion battery supplier if you would like importing china lithium ion battery brands.
The global lithium-ion battery market is highly fragmented with the presence of a large number of domestic players that occupy around 60% market share. Among the different market players present, JB Battery dominated in 2021.
Lithium ion battery - JB Battery
Some of the key players operating in the global lithium-ion battery in portugal. China has the largest market share of lithium ion batteries in portugal. one of the JB Battery is the most sharing lithium ion battery brand in the portugal market. JB Battery is not like the other lithium battery suppliers. China lithium ion golf cart battery pack manufacturer, this company is renowned for the reliability and performance of its battery cells. Besides golf carts, their batteries are used in forklifts, trucks, RVs, boats, solar panel banks, specialty electric vehicles, and more. JB Battery specializes in finding practical solutions to challenging power situations.