How the most dominant battery type will grow
Li-ion with all its variants is the most used battery type today. It has a commanding 40% share among different battery types and this number is expected to grow even more because of increased use in EVs and consumer electronics.
Recent technical advancements and market trends
Because of its ever-increasing importance in e-mobility, consumer electronics and special applications like marine and defense, a lot of research is being done on this technology. The following are some recent advancements and trends in Li-ion battery technology that are expected to have a significant impact on market dynamics: