January 2022: HELM AG announced the collaboration with Leverton to find a new firm LevertonHELM. This collaboration will boost the production capacity of battery-grade lithium chemicals in Europe by opening new manufacturing capacities in Basingstoke UK.
February 2022: Luminous Power Technologies Pvt. Ltd. has announced the release of the "Li-ON" inverter series, a combination inverter with Lithium-ion batteries. The brand-new series, which is based on Li-ion batteries coincides with the concept of an integrated approach to science and technology for a sustainable future.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5092
Published Date: Jul 20, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing popularity of electric vehicles and the growing production of lithium batteries are the major factors driving the market growth.
The market size of lithium iodide is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 ï¿½ 2035.
For high-temperature batteries, lithium iodide is employed as a solid-state electrolyte. Because of the long cycle life it allows, it is also the usual electrolyte in artificial pacemakers.
The major players in the market are Albermal Corporation, Leverton Clarke Ltd., Triveni Chemicals, Samrat Pharmachem Ltd., Nanjing Taiye Chemical Industry Co., Ltd., Suzhou Huizhi Lithium Energy Material Co., Ltd., American Elements, GODO SIGEN Co., Ltd., Luminous Power Technologies Pvt. Ltd., and HELM AG
The electrolyte segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.