According to a new report published by Allied Market Research titled, "World Lithium-Ion Battery Market: Opportunities and Forecasts, 2015-2022 - the global lithium-ion battery market is expected to generate revenue of $46.21 billion by 2022. The Automotive sector is expected to witness the highest growth during the forecast period owing to the rising demand for electric/hybrid vehicles. Today's Active Companies in the Lithium space with current developments of importance are Nevada Energy Metals Inc. (OTC:SSMLF) (TSXV:BFF), Chemical & Mining Co. of Chile Inc. (NYSE:SQM), Tesla Motors Inc. (NASDAQ:TSLA), Albemarle Corporation (NYSE:ALB) and FMC Corporation (NYSE:FMC)