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.
Their potential is, however, yet to be reached. It is projected that between 2022 and 2030, the global demand for lithium-ion batteries will increase almost seven-fold, reaching 4.7 terawatt-hours in 2030.
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.
Asia Pacific held the largest market share of over 47.0% in 2023. The market in Europe is expected to witness steady growth over the forecast period owing to the increasing use of li-ion batteries in various sectors including medical, aerospace & defense, automotive, energy storage, and data communication & telecom.
That year, China produced some 79 percent of all EV Li-ion batteries that entered the global market. While China is projected to continue being the leading country in Li-ion battery manufacturing in 2025, European countries are expected to significantly expand its production capacities.
EV lithium-ion battery production capacity shares worldwide 2021-2025, by country; Projected lithium-ion battery cell demand worldwide 2022-2030
EV lithium-ion battery production capacity shares worldwide 2021-2025, by country; Projected lithium-ion battery cell demand worldwide 2022-2030
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 …
Data show that the world''s top 10 Power Lithium battery manufacturers, China''s CATL, BYD Company, Panasonic, Guoxuan, Wanxiang a total of five large lithium battery …
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, …
The lithium-ion battery value chain is set to grow by over 30 percent annually from 2022-2030, in line with the rapid uptake of electric vehicles and other clean energy …
Global share of total electricity generation growth by technology, 2023-2050 Open
We find that in a lithium nickel cobalt manganese oxide dominated battery scenario, demand is estimated to increase by factors of 18–20 for lithium, 17–19 for cobalt, …
Premium Statistic World lithium reserves 2023, ... Premium Statistic Global share of lithium supply 2020-2030, ... Lithium-ion battery industry worldwide
The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a CAGR of 20.3% from 2024 to 2030. ... Lithium-ion Battery Market Size, …
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 …
A lithium-ion or Li-ion battery is a type of rechargeable battery that uses the reversible intercalation of Li + ions into electronically conducting solids to store energy. In comparison …
However, this capacity is not equally distributed around the world: China was holding a 76 percent share of the global lithium-ion batteries production capacity in 2022.
In 2022, lithium nickel manganese cobalt oxide (NMC) remained the dominant battery chemistry with a market share of 60%, followed by lithium iron phosphate (LFP) with a share of just …
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. …
The global lithium-ion battery market was valued at some 40.5 billion U.S. dollars in 2020. It is projected that the market will grow at a GACR of 14.6 percent, reaching …
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 …
The below infographic charts more than 25 years of lithium production by country from 1995 to 2021, based on data from BP''s Statistical Review of World Energy. Australia, …