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0 0 0.0003640412865648 0.000578183219838131 -0.000171313546618604 0.00314788641911856 0.00368324125230211 0.00421859608548552
Stock impact report

Global Lithium-ion Battery Market Set to Reach $340.4 Billion by 2030 with Substantial CAGR of 17.6% [Yahoo! Finance]

EnerSys (ENS) 
Last enersys earnings: 2/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.enersys.com
Company Research Source: Yahoo! Finance
Overview of Growth in the Lithium-ion Battery Sector The lithium-ion battery industry is on a significant upswing, with projections seeing a growth trajectory that suggests a jump to an estimated $340.4 billion by 2030. This growth is complemented by an impressive compound annual growth rate (CAGR) of 17.6% from 2024-2030. The electrification of transportation, alongside the growing need for effective energy storage solutions across various industrial sectors, positions lithium-ion batteries as a central pillar in the modern energy landscape. Driving Factors Behind Market Expansion Key drivers of this market expansion include the booming electric vehicle (EV) production, a surge in demand for lithium-ion batteries used in industrial and energy storage applications, and an observed decrease in the price of these batteries. This rapid market expansion is further facilitated by the superior energy density, longer lifecycle, and enhanced charging capabilities of lithium-ion batteri Show less Read more
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