U.S. Battery Manufacturing Industry Continues Growth

SUGAR LAND--February 7, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--According to Freedonia Group, the United States' lithium-ion battery demand will grow 4.2% through 2017. The increased battery demand results from increased orders for hybrid-electrical motor vehicles, durable goods and backup power supplies. Consumer demand for portable computers and cell phones has the fastest growth due to increased popularity of the portable and medical device markets. Industrial Info is tracking seven lithium-ion battery projects totaling $5.35 billion in the United States.