Smart Lithium Battery Market Surges with Renewables and EV Demand
Higher adoption of lithium-ion battery in renewable energy sector and plug-in vehicles are major factor attributable to the growth of the market. According to TechSci Research report, “ Global Smart Lithium Battery Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028” . The Global Smart Lithium Battery is anticipated to project robust growth in the forecast period with a CAGR of 18.01% through 2028. The growing future applications of lithium-ion batteries across various industries, such as electric vehicles, consumer electronics, and renewable energy storage, have paved the way for significant advancements in energy storage technology. The increasing demand for environmentally friendly and reliable energy sources is driven by rapid innovation and improvement in these sectors. The automotive sector has witnessed a surge in the adoption of electric vehicles (EVs) due to government initiatives aimed at phasing out fuel-based vehicles. The ambit...