The Lithium-ion Battery Market size is predicted to reach USD 107.77 billion by 2030 with a CAGR of 16.3% from 2023-2030. The increasing popularity of electric vehicles (EVs) across the globe is driving the demand for high performance batteries with longer lifespans and higher energy density. Also, the increasing adoption of renewable energy sources, such as solar and wind power is leading to the increasing need for large scale energy storage systems to store the excess energy generated. Moreover, the widespread adoption of electronic devices such as smartphones, laptops, and tablets, is also boosting the demand for high capacity, long-lasting batteries such as lithium-ion batteries, which in turn is boosting the growth of the lithium-ion batteries market. Read More: https://www.nextmsc.com/report/lithium-ion-battery-market