What is a lithium ion battery?
Lithium-ion batteries, abbreviated as Li-ion batteries, are a popular type of rechargeable battery found in a wide range of portable electronics and electric vehicles. At their core, these batteries function through the movement of lithium ions between a carbon-based anode, typically graphite, and a cathode made from lithium metal oxide.
What makes Panasonic a leader in the lithium-ion battery market?
Panasonic Energy Co., Ltd., with a rich history and strong market presence, is a key player in the global lithium-ion battery market. Its commitment to advancing technology and sustainable solutions marks its significant industry presence.
How big is the lithium-ion battery market?
The lithium-ion battery market, valued at $54.4 billion in 2023, is experiencing rapid growth, with projections indicating a surge to $182.5 billion by 2030 and further expansion to $187.1 billion by 2032. This remarkable growth, at a compound annual growth rate (CAGR) of 14.2% to 20.3%, is fueled by several key factors.
Are Li-ion batteries good for portable devices?
Consumer Electronics: In the realm of consumer electronics, like smartphones, laptops, tablets, and digital cameras, Li-ion batteries are virtually ubiquitous. Their compact size and light weight are perfect for portable devices, where space is at a premium and any additional weight is a significant drawback.
How do lithium ion batteries work?
At their core, these batteries function through the movement of lithium ions between a carbon-based anode, typically graphite, and a cathode made from lithium metal oxide. This movement occurs during the charging and discharging cycles.
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