Experts Anticipate 15 Percent Growth in Lithium-ion Battery Market Over Next Four Years

Research and Markets anticipates the lithium-ion battery market will grow by 15 percent until 2020. (Image via Wikipedia)

Research and Markets announced that, according to its "Global Lithium Ion Battery Market 2016 to 2020" study, the global lithium-ion battery market could grow 15 percent over the next four years, according to a press release.

The report details the market size in 2020, growth rate, market trends and drivers, challenges to growth, key vendors, opportunities, and more.

In terms of drivers, the study specifically mentions demands for energy storage due to a change in grid structure. One of the biggest challenges—restrictions for air transportation—is something we've seen lately with the Samsung Galaxy Note 7 recall and discontinuation.