Lithium batteries are in great demand now that electric batteries are used in electric cars and the cars are growing in market acceptance. Lithium-ion batteries have several advantages over other battery types. Lithium-ion batteries can be discharged more deeply and have greater energy densities than lead-acid batteries. They have been more expensive than the lead-acid counterparts. However lithium-ion batteries have been steadily declining in price. The market research study provides insight into market driving forces, assessment of market opportunities, market share analysis, and market forecasts.