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The li-ion batteries constitute the majority of the global rechargeable battery industry and is expected to account for about 70% of the total market share by 2026. The Asia Pacific region is an important market for rechargeable battery and is aided by the surging demand for electronic devices, like smartphones and laptops in the region. The market is further finding impetus by the rising concerns associated with sustainability and eco-friendliness as key players are now taking the initiative to incorporate environment-friendly measures in their working process.
Samsung SDI Co. (SSDIY: OTC US), based in South Korea, is a significant key player in the rechargeable battery industry. In January 2018, the company announced its brand new fast-charging, high-capacity battery material, along with cutting-edge battery products for electric vehicles. This launch is expected help popularise EVs as well as facilitate its design flexibility with customised products, further accelerating the demand for rechargeable batteries worldwide.
Market Analysis by Battery Type, Capacity, Application, and Region:
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East Penn Manufacturing Company, EnerSys Advanced Systems Inc., Exide Industries Ltd, LG Chem, Saft Groupe SA, and Samsung SDI Co., Ltd, among others, are the key players in the global rechargeable battery market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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