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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.
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.
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.
The Lithium-Ion Battery market is segmented into products and applications in our research scope. In 2021, the LCO segment’s revenue share was over 30%, which was the highest.
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.
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, …
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 is projected to reach $446.85 billion by 2032, driven by strong demand for electric vehicles and energy storage. HOME ... Toshiba Corporation developed a new lithium-ion battery …
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 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 …
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. Lithium-ion Battery Market | …
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 …
Read Fastmarkets'' market intelligence for lithium and access information on lithium market news, price data and forecasts. Lithium is a critical battery raw material in the electric vehicle industry …
Researchers from the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) have developed a new lithium metal battery that can be charged and …
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 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 …
Report Overview. The global Lithium Ion Battery Market size is expected to be worth around USD 307.8 billion by 2032, from USD 70.7 Billion in 2023, growing at a CAGR of 18.3% during the …
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 …
Leading Companies in the Lithium Battery Market. The lithium battery industry is highly competitive with certain companies consistently setting benchmarks in technology …
Technological advances and partnerships with global battery manufacturers continue to drive acceptance of lithium-ion batteries in various regions of the kingdom In June 2024, …
New alternatives to conventional lithium-ion are on the rise. 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 …
According to Custom Market Insights (CMI), The Global Lithium-Ion Battery Market size was estimated at USD 42.5 billion in 2021 and is expected to reach USD 48.80 billion in 2022 and …
4 · NEW YORK, Dec. 11, 2024 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, "Drone Lithium Battery Market Size and Forecast (2020 - 2030), …
BMW plans to invest $1.7 billion in their new factory in South Carolina to produce EVs and their batteries. AP Photo/Sean Rayford
An overview of the global market for lithium-ion battery; Analyses of the global market trends, with sales data for 2023, estimates for 2024, and projections of compound annual growth rates …