The report "Lithium ion battery Market by Product (Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate, Lithium Nickel Manganese Cobalt), Application (Consumer Electronics {Smartphones & Tablet/P.C., UPS, Others} Automotive {Cars, Buses, & Trucks, Scooters & Bikes, Trains & Aircraft}, Industrial, Energy Storage System), Component (Cathode, Anode, Electrolytic Solution, Others), Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, 60,000 mAh and Above), Voltage (Low (Below 12V), Medium (12V – 36V), High (Above 36V)) – Global Forecast to 2028" The lithium ion battery market is projected to grow from USD 43.5 billion in 2021 and is projected to reach USD 149.2 billion by 2028; it is expected to grow at a CAGR of 22.80% from 2022 to 2028. The increased demand for consumer electronics worldwide is one of the main drivers of the lithium ion battery