Global Organization
The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries.
The global lithium-ion battery market was valued at USD 64.84 billion in 2023 and is projected to grow from USD 79.44 billion in 2024 to USD 446.85 billion by 2032, exhibiting a CAGR of 23.33% during the forecast period. Asia-Pacific dominated the lithium-ion battery market with a market share of 48.45% in 2023.
One prominent trend in the lithium-ion battery market is the exponential demand for electric vehicles (EVs) with a global push for cleaner and more sustainable transportation solutions.
Advancements in the technologies used in wearable devices and consumer electronics in Asia Pacific are also fueling the Lithium-ion Battery Market Growth in the region. China accounted for the largest share of the lithium-ion battery market in Asia Pacific as it is one of the major lithium-ion battery producers in the region.
Regionally, the Asia Pacific is estimated to dominate the global lithium-ion battery market in 2020. The regional growth is accredited to the presence of prominent original equipment manufacturers (OEMs) of batteries in the region. A lithium-ion battery (LIB) is a rechargeable battery having a high energy density.
But a 2022 analysis by the McKinsey Battery Insights team projects that the entire lithium-ion (Li-ion) battery chain, from mining through recycling, could grow by over 30 percent annually from 2022 to 2030, when it would reach a value of more than $400 billion and a market size of 4.7 TWh. 1
The Lithium-ion Battery Market size is expected to reach USD 64.75 billion in 2024 and grow at a CAGR of 14.46% to reach USD 127.23 billion by 2029.
The global lithium market size was valued at USD 22.19 billion in 2023 and is projected to grow from USD 26.88 billion in 2024 to USD 134.02 billion by 2032 at a CAGR of …
Almost 60 percent of today''s lithium is mined for battery-related applications, a figure that could reach 95 percent by 2030 (Exhibit 5). Lithium reserves are well distributed …
Lithium-ion Battery Market Size & Growth. The global lithium-ion battery market size is expected to grow from USD 56.8 billion in 2023 to USD 187.1 billion by 2032, …
However, the significant electronic conductivities of sulfide electrolytes (approximately 10-8 S cm-1) facilitate smooth electron transport through the electrolyte pellets, …
Lithium-Ion Battery Market Overview . The global lithium-ion battery market is estimated to be at $90.23 Bn in 2024 and is anticipated to reach $178.87 Bn in 2029. The …
Statistics for the 2023 & 2024 Lithium-ion Battery market trends, created by Mordor Intelligence™ Industry Reports. Lithium-ion Battery trend report includes a market forecast to 2029 and …
The global lithium-ion (Li-ion) battery market is expected to surpass 150 billion U.S. dollars by 2032, compared to a market size of approximately 50 billion U.S. dollars in 2023.
According to the expert market research, lithium-ion battery market reached USD 42.90 billion in 2023, set to grow at 10.8% CAGR to USD 107.67 billion by 2032.
The global Lithium-ion Battery Market Size in terms of revenue was estimated to be worth $56.8 billion in 2023 and is poised to reach $187.1 billion by 2032, growing at a CAGR of 14.2% during the forecast period. ... To …
The global lithium-ion battery market was valued at USD 64.84 billion in 2023 and is projected to grow from USD 79.44 billion in 2024 to USD 446.85 billion by 2032, …
Lithium-ion Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) The Report Covers the Global Lithium-Ion Battery Market Size and Analysis. The Market is …
Global Lithium-Ion Battery market size was valued USD 21 Bn in 2021 and grow USD 184.15 Bn by 2030 at a CAGR of 18.5% from 2022 to 2030. ... Lithium-Ion Battery Market Size, Trends …
Lithium-ion battery market was valued at USD 74.7 billion in 2024 and is estimated to grow at a CAGR of over 15.8% from 2025 to 2034 driven by positive outlook toward hybrid and electric …
Lithium-ion Battery Market Size & Trends. The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. …
Chapter 3 Lithium-ion Battery Market Variables, Trends & Scope. 3.1 Market Lineage Outlook 3.1.1 Global Battery Industry Outlook 3.2 Market Size and Growth Prospects 3.3 Penetration & …
Lithium supply and demand trends in Q3 Market oversupply, subdued spot market activity and a shift in preferred battery chemistries emerged as the most prevalent …
Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022, from about 330 GWh in 2021, primarily as a result of growth in electric passenger car sales, with new registrations increasing by 55% in 2022 …
The growth in EV sales is pushing up demand for batteries, continuing the upward trend of recent years. ... Rising EV battery demand is the greatest contributor to increasing demand for critical …
Lithium-ion Battery Market Size & Trends. The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth …