For more Information:

http://www.renub.com/global-lithium-ion-battery-market-forecast-nd.php

By the end of the year 2024, Global lithium-ion battery market is more than US$ 40 Billion opportunities. As it continues to progress in the market because of the high power and high capacity cells increases the penetration in large format applications. Contend for market adoption, the lithium-ion chemistry competes heavily with well-known energy storage technologies say for instance lead acid, in many of these applications. Although, key performance characteristics have enabled it to grow market penetration.

Let's look upon what is Lithium-ion Battery?
A Lithium-ion battery is an electric device able for charging as well as discharging. Lithium-ion is usually used as a power supply for consumer electronics and Hybrid electric vehicles. LCDs and Semiconductors control, electronic circuits and display information. If we discuss about its functionality, Lithium-ion perform following tasks.