Spurred by the ongoing transition to electric mobility, the global lithium-ion battery market is poised to grow to $76 billion by 2026, according to a new report by Global Market Insights.
The report found that rising energy demand from various industries, along with ongoing investments in clean energy sources are expected to boost the market for lithium-ion batteries.
Lithium-ion batteries are used in everything from electric vehicles and energy storage systems to commonly used electronic goods.
The market in Europe, in particular, is expected to surge as countries commit to slash carbon emissions across key economic sectors such as power generation and transportation. In addition, increased consumer spending on smart electronic devices is expected to create a cyclical demand for lithium-ion batteries, accordi
