Global Organization
The global market for Lithium-ion batteries is expanding rapidly. We take a closer look at new value chain solutions that can help meet the growing demand.
Rising demand for substitutes, including sodium nickel chloride batteries, lithium-air flow batteries, lead acid batteries, and solid-state batteries, in electric vehicles, energy storage, and consumer electronics is expected to restrain the growth of the lithium-ion battery industry over the forecast period.
Asia dominates the Li-ion battery supply chain, especially China, where Chinese Li-ion battery manufacturer CATL is the world leader in battery manufacturing. China’s success results from its sizeable domestic battery demand, control of more than 70% of the world’s graphite raw material refining, and massive cell and cell component manufacturing
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.
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
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.
STATUS OF THE RECHARGEABLE LI-ION BATTERY INDUSTRY 2021 Market & Technology Report - July 2021 WORLDWIDE LI-ION BATTERY DEMAND IS INCREASING …
In 2020, although the development of the lithium battery industry faces a series of unfavorable external conditions, such as the continuation of the new crown epidemic, the macroeconomic downturn, and the intensification of global trade …
Battery Atlas 2022 Shaping the European lithium-ion battery industry. August 2022; Publisher: PEM of RWTH Aachen; ISBN: 978-3-947920-18-1; ... The top three countries …
Competition pattern of lithium battery industry. In the global market share, the concentration of downstream lithium battery industry is higher than that of upstream material …
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.
As of 2023, the country''s lithium-ion batteries capacity was over 10 times larger than in the United States, the second-largest producer of this energy storage technology.
Overview of Lithium Salt Production and Sales by Major Suppliers; Global Supply Forecast for Lithium Products from 2022 to 2027; Breakdown of Downstream Demand …
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 …
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 Chinese government attaches great importance to the power battery industry and has formulated a series of related policies. To conduct policy characteristics …
Overview of Lithium Salt Production and Sales by Major Suppliers; Global …
This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has …
According to statistics of USGS, from 2009 to 2019, the proportion of lithium used to battery industry produced worldwide increased from 25% to 56%. And in 2019, the …
The top three countries where battery cell production factories are being built are Germany with 462 GWh, followed by the UK with 135 GWh and Norway with 125
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 closeness centrality of upstream, midstream, and downstream countries/regions in the lithium industry chain declined significantly in 2015, with the number of …
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 …
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 and theoretically sufficient to cover battery …
The boom of global new energy vehicles gives impetus to lithium-ion power battery industry whose shipments swelled 16.6% over the previous year to 116.6GWh in 2019. …
This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to …
Assessment of regional market breakdowns with select subregional breakdowns for countries …
The high-quality development of lithium resources and the downstream power battery industry chain is crucial for China''s economic transformation and the steady …
It is hoped that the above analysis can bring new ideas and methods to the field of waste lithium-ion battery recycling and provide a basis for the subsequent research and …
According to statistics of USGS, from 2009 to 2019, the proportion of lithium …
Assessment of regional market breakdowns with select subregional breakdowns for countries with promising lithium-ion battery industries, as well as market demand; A discussion on ESG …
The closeness centrality of upstream, midstream, and downstream …