The UK Lithium Ion Battery market is projected to attain CAGR of 15% during 2021-2026

England acquired a significant market share in 2019. Transportation is the largest source of greenhouse gas emissions in the country.
By: MarkNtlel Advisors
DELTA, British Columbia - March 3, 2021 - PRLog -- The UK Lithium-ion battery market is anticipated to register lucrative growth potential over the forecast period. The growth factors such as the subsequent upsurge in the demand for plug-in vehicles, burgeoning awareness and demand for smart electronic devices along with growing the popularity of wearable devices among customers and propelling the requirement for automation & battery-operated material-handling equipment in industries. Besides these, the introduction of various strategies by the government such as Net Zero Carbon emission 2050, escalating funding to develop the latest technology for electric car batteries and soaring investment in EV battery production to meet climate targets are predicted to fuel the growth of the market in the forecast period.

Key questions answered in the study
1.    What are the current and future trends of the Lithium-Ion Battery industry?
2.    How the industry has been evolving in terms of end-user demand and application areas?
3.    How the competition has been shaping across the countries followed by their comparative factorial indexing?
4.    What are the key growth drivers and challenges for the Lithium-Ion Battery industry?

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According to MarkNtel Advisors' research report "The UK Lithium-Ion Battery Market Analysis, 2021", the UK Lithium-Ion Battery market is anticipated to grow at a CAGR of 15% during 2021-26. Based on Voltage, Low (upto 12V) battery acquired a considerable market share in the UK li-ion battery market in 2020. The 12V Lithium-ion battery has a wide range of applications such as motor homes, boaters as it is 70% lighter than lead-acid batteries, have a longer service life, and is environmentally friendly due to absences of heavy or toxic materials. Moreover, the High (More Than 35V) is projected to attain the highest CAGR during 2021-26. This is due to its burgeoning application in electric vehicles, power, and the military. The rising production and demand for an electric vehicle is expected to promulgate the growth of the segment in the coming years.

"The UK Lithium-Ion Battery Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Lithium-Ion Battery providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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