Many technologies have come and gone — replaced by new innovations. But, in the midst of the technological changes, one unsung technology remains and is expected to be in even greater demand in the years ahead.

We’re talking about the lithium-ion battery which powers most of today’s devices. In fact, it is innovation that makes the battery highly popular — beyond gadgets and computer wizardry to other industries

According to Frost & Sullivan, the global lithium-ion battery market is expected to quadruple from 2013 to 2020. Developing applications in the grid and renewable energy storage segment are helping boost demand for lithium-ion batteries.