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Overtake your competition with ease. 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.
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.
The global lithium market size was estimated at USD 31.75 billion in 2023 and is expected to grow at a CAGR of 17.7% from 2024 to 2030. Vehicle electrification is projected to attract a significant volume of lithium-ion batteries, which is anticipated to drive market growth over the forecast period.
On the basis of region, the lithium-ion battery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. On the basis of component, the cathode segment emerged as the global leader by acquiring nearly half of the lithium-ion battery market share in 2022.
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.
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. Much of this growth can be attributed to the rising popularity of electric vehicles, which predominantly rely on lithium-ion batteries for power.
Current Lithium-Ion Battery Pricing Trends Record Low Prices in 2023. In 2023, lithium-ion battery pack prices reached a record low of $139 per kWh, marking a significant …
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 …
What is the current size of the global lithium-ion battery market? The market size for the global lithium-ion battery market in 2024 is $90.23 Bn. Who are the major vendors in the global lithium-ion battery market?
Size of the global market for lithium-ion battery metals in 2021, with a forecast for 2031, by end-use segment (in million U.S. dollars)
It has three reportable segments: Lithium Compound and lithium Metal, Lithium Battery, and Others. The company has mines in Ireland, China, Mexico, Australia, and Argentina. The …
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 …
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. Popularity of ...
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 …
The global lithium-ion battery market size was valued at $46.2 billion in 2022, and lithium-ion battery industry is projected to reach $189.4 billion by 2032, growing at a CAGR of 15.2% from 2023 to 2032.
Among the major Lio-ion battery manufacturing companies, Albemarle Corporation (ALB) generates the highest profit, with a market value of 18.1 billion U.S. dollars. 4 Other key players, such as LG Energy Solutions …
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 vehicles industry.
It has three reportable segments: Lithium Compound and lithium Metal, Lithium Battery, and Others. The company has mines in Ireland, China, Mexico, Australia, and Argentina. The company''s metal smelting and compound processing units …
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 …
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 …
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, …
Consequently, the lithium-ion battery market size is expected to significantly grow as well. While valued at about 54.6 billion U.S. dollars in 2021, the market should reach the size of around 257 ...
The battery market is experiencing rapid growth and innovation, driven by increasing demand for energy storage solutions. ... businesses and investors in the battery …
Keep on top of lithium price volatility with our lithium price data. Current and future battery materials market participants need a clear and robust understanding of the factors at play to enable decision-making guided by their strategies and …
What is the current size of the global lithium-ion battery market? The market size for the global lithium-ion battery market in 2024 is $90.23 Bn. Who are the major vendors in …
The Lithium-ion Battery Market 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. Samsung SDI, Panasonic Corporation, …
The global lithium-ion battery market size was valued at $46.2 billion in 2022, and lithium-ion battery industry is projected to reach $189.4 billion by 2032, growing at a CAGR of 15.2% from …
The Global Lithium Market Report is segmented by type, application, end-user industry, and geography. The global lithium market is expected to grow substantially in the coming years. …
Lithium''s end-uses can be broadly split into three categories: automotive battery, other battery, and non-battery. Major end-uses for lithium comprise lithium-ion batteries (LiBs) for electric …
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 …
The global battery market size was valued at USD 134,622.4 million in 2024 and is expected to grow at a CAGR of 16.4% from 2025 to 2030 ... the market is segmented into lithium-ion, lead …
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 …