The “Global Lithium-Ion Battery Market Size By Type, By Power Capacity, By Industry, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Lithium-Ion Battery Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Aug. 14, 2023 /PRNewswire/ — The Global Lithium-Ion Battery Market is projected to grow at a CAGR of 15.70% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 50.57 Billion in 2022 and is expected to reach USD 187.89 Billion by the end of the forecast period.
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Lithium-Ion Battery Market: Unveiling Unprecedented Growth Opportunities and Key Market Players
The global Lithium-Ion Battery market, characterized by its cutting-edge technology and unparalleled efficiency, is poised for exponential growth in the coming years. This revolutionary battery technology, powered by lithium ions, has become the cornerstone of diverse industries, from electronics to automotive, military, and aerospace sectors. As the market evolves, key players are adopting strategic development approaches to secure a competitive edge and solidify their market presence.
Market Drivers and Outlook
The Lithium-Ion Battery market is experiencing a robust surge, fueled by technological advancements and a growing demand for electric plug-in vehicles. Renowned automakers including BYD Company, Lithium Werks, LG Chem, and Toshiba are actively developing battery cells with remarkable durability, enabling electric vehicles to achieve unparalleled mileage of up to a million miles. With a heightened emphasis on sustainability, manufacturers are focusing on removing costly and contentious components like cobalt from battery compositions, resulting in enhanced battery lifespan and performance.
Key Players and Competitive Landscape
Leading the charge in the Lithium-Ion Battery market are notable players such as Panasonic, Johnson Controls, Samsung SDI, Hitachi, BAK Group, and GS Yuasa. These key players have established their dominance through innovative technologies and strategic alliances, capturing substantial market shares and setting benchmarks for the industry. Their key development strategies, ranging from advanced battery chemistry to optimized charging methodologies, have significantly contributed to the market’s expansion.
Market Share and Ranking Analysis
In the rapidly evolving Lithium-Ion Battery Market landscape, market share and ranking analysis have become pivotal factors in assessing industry dynamics. Players like LG Chem and Panasonic have consistently secured prominent market positions, driven by their cutting-edge solutions and customer-centric approaches. These companies have embraced innovation and sustainability, positioning themselves as industry leaders.
Future Prospects and Collaborative Endeavors
Looking ahead, the Lithium-Ion Battery market is projected to continue its remarkable growth trajectory, particularly in the Asia Pacific region, where it holds the largest market share. This region’s ascendancy as a global industrial hub has catalyzed the adoption of lithium-ion battery-powered tools and devices. The market’s competitive landscape is expected to witness further evolution through collaborative endeavors and partnerships, as players seek to harness synergies and drive innovation.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Lithium-Ion Battery Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Lithium-Ion Battery Market into Type, Power Capacity, Industry, And Geography.
- Lithium-Ion Battery Market, by Type
- Lithium Cobalt Oxide (LCO)
- Lithium Iron Phosphate (LFP)
- Lithium Nickel Manganese Cobalt (LI-NMC)
- Lithium Titanate Oxide (LTO)
- Lithium-Ion Battery Market, by Power Capacity
- 0 TO 3,000 mAH
- 3,000 TO 10,000 mAH
- 10,000 TO 60,000 mAH
- More Than 60,000 mAH
- Lithium-Ion Battery Market, by Industry
- Energy and Power
- Consumer Electronics
- Aerospace and Defense
- Lithium-Ion Battery Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.
Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.
The Challenge and Our Solution
Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.
Why Tangle Network?
Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:
- Proof Generation: Delegate computational tasks to our validators.
- Trusted Setups: Tangle Network manages complex ceremonies for you.
- Secure Signing: Utilize our threshold signing for cross-chain operations.
By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.
- Unparalleled speed, security, and scalability via Substrate.
- Decentralized control through Distributed Key Generation (DKG).
- Advanced protocols for zero-knowledge applications.
- Cross-chain compatibility with IBC and XCM.
- Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
- Smooth, forkless upgrades.
The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.
Testnet Quick Links
- Developers: Start building on Tangle today. Learn More
- Validators and Relayers: Help secure and maintain the network. Learn More
- Join the Community: Follow us on Twitter or join our Discord.
For media inquiries, partnerships, or more information, email us at [email protected]
ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”
The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).
Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.
Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.
Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges. ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.
For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.
CONTACT: Jacelynn Pang, [email protected]
BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading
SINGAPORE, Sept. 27, 2023 /PRNewswire/ — BingX, a leading global cryptocurrency exchange, is thrilled to announce its integration with WunderTrading, a cutting-edge platform that allows users to trade and invest crypto seamlessly using automated trading bots. This strategic partnership is aimed at enhancing the automated trading experience for BingX users and introducing a new level of convenience and innovation.
WunderTrading is a cloud-based cryptocurrency trading platform that simplifies cryptocurrency trading experience for beginners. Users can easily copy strategies of renowned traders or create their own. The platform offers an advanced trading terminal and automated bots integrated with TradingView, allowing users to manage portfolios efficiently within a single app. WunderTrading stands out by consolidating trading tools, enhancing user experience, and introducing unique features like the Spread-trading Terminal.
The integration of BingX and WunderTrading offers BingX users a significant advantage. With access to TradingView integration and the innovative Spread-trading Terminal, users can automate their trading strategies and diversify their portfolios with minimal risk. The Spread-trading terminal enables BingX users to choose assets for constructing a spread and will execute buy and sell orders simultaneously for the selected pairs. This integration empowers BingX users to create and fine-tune crypto trading bots swiftly, providing a unique opportunity to optimize their trading while minimizing market volatility risks.
Megan Nyvold, Head of Branding at BingX, expressed her excitement about the collaboration, saying, “BingX is always striving to offer our users the most innovative and user-friendly tools to navigate the crypto market with efficiency and greater ease. Our partnership with WunderTrading is a significant step forward. With this integration, we empower our users to trade smarter, diversify their portfolios, and navigate the crypto market with newfound confidence. We’re excited to see our users leverage the power of automated trading through WunderTrading and make the most of this enhanced trading experience.”
As BingX and WunderTrading join forces, users can look forward to an enhanced trading journey filled with innovative tools and features designed to optimize their trading strategies.
BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Please visit https://bingx.com to learn about BingX.
- Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
- ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
- BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading
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