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The demand for Li-ion batteries has skyrocketed in recent years owing to their mass utilization across several industries thanks to their versatility and cost-effectiveness in energy storage. The global market for these batteries is expected to surpass the valuation of 150 billion dollars by 2032. Lithium batteries are now increasingly revolutionizing the realm of sustainable housing, which primarily leverages renewable energy sources like sun and wind, along with resource circularity, micro-scale farming, and more. Effective energy storage enables the smart application of sustainable living technologies and helps power basic necessities as well as IoT functions at home.



Blog ID : 301281

Category : Business

Date Added : 17-11-2023