A lithium-ion (Li-ion) battery is a high-performance battery that employs lithium ions as a key component of its electrochemistry. Lithium atoms in the anode are ionised and separated from their electrons during a discharge cycle. Lithium ions travel from the anode through the electrolyte to the cathode, where they recombine with their electrons and become electrically neutral.
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Between the anode and the cathode, the lithium ions are tiny enough to pass through a micro-permeable separator. Li-ion batteries can have a very high voltage and charge storage per unit mass and volume, thanks in part to lithium's tiny size (third only to hydrogen and helium). This generic battery definition applies to lithium-ion batteries. Lead-acid and nickel-cadmium are two further examples (Ni-Cad).
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Uses of Lithium-Ion Batteries:
Portable Power Packs: Portable electricity is provided by Li-ion batteries, which are used to power electronic devices. Li-ion batteries are lightweight and can be manufactured smaller than other types of batteries, making them easy to transport.
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Uninterrupted Power Supply (UPS): Li-ion batteries provide backup power in the event of a power outage or fluctuation. To avoid data loss, office equipment such as PCs and IT servers must remain operational in the event of a power outage. In the medical or health-care industry, backup power is also required to ensure a steady power supply to life-saving medical equipment.
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Electric Vehicles: Li-ion battery packs are in high demand in the automotive industry as a power source for electric, hybrid, and plug-in hybrid electric vehicles. Li-ion batteries have a higher charging capacity and a longer lifespan since they can store enormous amounts of energy and can be recharged multiple times.
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Marine Vehicles: Li-ion batteries are becoming more popular as a replacement for gasoline and lead-acid batteries in powering labour or tug boats, as well as recreational boats such as speed boats and yachts. Li-ion batteries are a quiet and efficient power source that may also be utilised to power appliances on board while the boat or yacht is docked.
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The global lithium-ion battery market was worth $36.7 billion in 2019 and is expected to reach $129.3 billion by 2027, with a CAGR of 18.0% between 2020 and 2027. A lithium-ion (Li-ion) battery is a rechargeable battery that uses lithium ions as one of its electrochemical components.
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The demand for smartphones and other electronics devices, as well as the rise in electric cars, are some of the primary reasons driving the global lithium-ion battery market. The implementation of strict government measures to reduce rising pollution levels is projected to boost market growth even further.
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The electrical and electronics segment contributed the most to the market's growth. Because of their longer service life and high energy density, lithium-ion batteries are primarily utilised in smartphones, tablets/PCs, UPS, and a few other sorts of electronic equipment.
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1. Amara Raja Batteries Ltd.
2. Bharat Electronics Ltd.
3. Carborundum Universal Ltd.
4. Eon Electric Ltd.
5. Exide Industries Ltd.
6. H B L Power Systems Ltd.
7. Luminous Power Technologies Pvt. Ltd.
8. Okaya Power Pvt. Ltd.
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