A lithium-ion (Li-ion) battery is a high-performance battery that employs lithium ions as a key component of its electrochemistry. Lithium atoms in the anode are ionized and separated from their electrons during a discharge cycle. Lithium ions travel from the anode through the electrolyte to the cathode, where they recombine with their electrons and become electrically neutral.
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Between the anode and the cathode, the lithium ions are tiny enough to pass through a micro-permeable separator. Li-ion batteries can have a very high voltage and charge storage per unit mass and volume, thanks in part to lithium’s tiny size (third only to hydrogen and helium).
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Uses of Lithium-Ion Batteries:
Surveillance or Alarm Systems in Remote Locations: Because of their extended life, small size, and lack of self-discharge when your system is inactive, rechargeable lithium batteries are perfect for remote monitoring systems. Lithium batteries have a 10 times lower self-discharge rate than lead-acid batteries, making them excellent for circumstances where they aren’t used continuously.
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Personal Freedom with Mobility Equipment: For persons with mobility issues, modern technology has made life easier. Many people rely on trustworthy mobility equipment to live an independent life, from electric wheelchairs to stair lifts. Lithium batteries are good for mobility equipment because they may be customized in size, have a longer life lifetime, charge quickly, have a low self-discharge rate, and have a longer run time.
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Portable Power Packs That Eliminate Downtime: Lithium-ion rechargeable batteries are well-known for powering our smartphones and the most recent lightweight laptop computers. Lead-acid batteries are heavier and smaller than lithium batteries. They can also withstand movement and temperature fluctuations while maintaining power supply.
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Market Outlook:
The global lithium-ion battery market was worth $36.7 billion in 2019 and is expected to reach $129.3 billion by 2027, with a CAGR of 18.0% between 2020 and 2027. A lithium-ion (Li-ion) battery is a rechargeable battery that uses lithium ions as one of its electrochemical components.
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The demand for smartphones and other electronics devices, as well as the rise in electric cars, are some of the primary reasons driving the global lithium-ion battery market. The implementation of strict government measures to reduce rising pollution levels is projected to boost market growth even further.
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The electrical and electronics segment contributed the most to the market’s growth. Because of their longer service life and high energy density, lithium-ion batteries are primarily utilised in smartphones, tablets/PCs, UPS, and a few other sorts of electronic equipment.
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Key Players:-
- Amara Raja Batteries Ltd.
- Bharat Electronics Ltd.
- Carborundum Universal Ltd.
- Eon Electric Ltd.
- Exide Industries Ltd.
- H B L Power Systems Ltd.
- Luminous Power Technologies Pvt. Ltd.
- Okaya Power Pvt. Ltd.
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