“According to IATA Dangerous Goods Regulations (DGR), its provide a smart luggage regulation, where the baggage are exhibits with lithium battery and used to address the carriage of lithium battery-powered devices such as cargo tracking devices and temperature data loggers.”

The article cited AMA's Global Lithium Battery Market Study explored substantial growth with CAGR of 17.3%. According the report, Rising population and high financial investments is one of the primary growth factors for the market. Increase in Number of Lithium Battery in Energy Storing Devices, for Example in Industrial and Household Units. is also expected to contribute significantly to the Lithium Battery market. Overall, Communication Equipment applications of Lithium Battery, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Lithium Battery market identified that the demand is rising in many different parts of the world as "Technological Advancements in the Field of Lithium Battery such as Power Technology Leads to Grow the Market. " Furthermore, some recent industry insights like "In Feb 2019, Siemens launched ‘Junelight’ lithium home energy storage systems which are beneficial in providing battery-based energy storage systems for private households. It also offers Real-time monitoring through a mobile App with a better speed capacity." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Lithium Battery market by Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Lithium Battery market and other related sub-markets covered in the study.

o Key & emerging players in the Lithium Battery market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Lithium Battery market size is calculated using market estimation process, the Lithium Battery market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Lithium Battery market size has been validated using both top-down and bottom-up approaches.