Lithium-ion (Li-ion) batteries are rechargeable batteries with high-energy density and are majorly used in portable equipment. The market for these batteries is expected to witness significant growth owing to increase in use in smartphones, tablets/PCs, digital cameras, and power tools. Moreover, the demand for Li-ion batteries in the automobile industry is expected to increase in line with rise in demand for electric vehicles. These batteries have gained popularity among automobile manufacturers as they offer an alternative to nickel metal batteries used in electric vehicles, due to their small size and light weight.
Some of the most common applications of lithium-ion batteries are:
· Power backups/UPS
· Mobile, Laptops, and other commonly used consumer electronic goods
· Electric mobility
· Energy Storage Systems
As there are varied uses of a Lithium Ion Battery, it comes in different types of packaging. However, there are some general advantages of using a Li-ion battery over other traditional batteries.