Global Lithium-Ion Power Battery Market Size Projected to Reach $100 Billion By 2025

PALM BEACH, Florida, June 24, 2020 /PRNewswire/ — In the global lithium-ion power battery market, recent reports on total revenue numbers differ in size, but they agree that future revenues will increase and project a significant rise in revenues in the next several years. A research report from Research And Markets says that: “Global lithium-ion battery market revenue is expected to increase at an impressive 17.9% compound annual growth rate from 2018 to 2025. Market growth is fueled by rising demand for energy storage around the world, electric vehicle production, and demand for industrial power tools and electric forklifts. Technological advancements have allowed batteries to have longer life, higher energy density, and quick charging capabilities, though safety concerns related to headline-making fires and explosions in electronic devices have continued to present a challenge.” Although that report did not project the revenues in dollars, there were two more who did. The first was a report from Statista which said that by 2025, global revenues in the lithium-ion battery market are expected to exceed 70 billion U.S. dollars. Active stocks mentioned in today’s commentary include: Fuse Cobalt Inc. (OTCQB: FUSEF) (TSX-V: FUSE), Tesla Inc. (NASDAQ: TLSA), Glencore plc (OTCPK: GLNCY) (LSE:GLEN), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), Net Element, Inc. (NASDAQ: NETE).