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.
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.
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.
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.
Lithium-ion batteries have revolutionized our everyday lives, laying the foundations for a wireless, interconnected, and fossil-fuel-free society. Their potential is, however, yet to be reached.
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.
EU battery demand and supply (2019-2030) in a global context CONFIDENTIAL. December 2020. 370 410 445 490 75 230 490 860. 0 200000 400000 600000 800000 1000000 1200000 …
China is the world''s largest producer of lithium-ion batteries, and its production is still increasing (Duan et al. 2020). China''s grip on global battery production will reach 70% …
The global Lithium-ion battery market reached a value of around US$ 25 Billion in 2017. The market is further projected to reach a value of US$ 47 Billion by 2023, exhibiting …
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 …
According to our (Global Info Research) latest study, the global Lithium-Ion …
The market for lithium-ion batteries is growing rapidly. Since 2010 the annual deployed …
This Lithium-Ion Battery Market Report forecasts by revenue growth at global, regional, and country levels analysis on the latest industry trends and opportunities in each of the sub-segments from 2018 to 2028.
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. …
THE WORLDWIDE BATTERY MARKET 1990-2018. Lithium Ion Battery: Highest growth & major part of the investments Lead acid batteries: By far the most important market (>70% market …
SWOT Analysis of the Lithium-Ion Battery Market 2018-2028 6.1 Strengths 6.2 Weaknesses 6.3 Opportunities 6.4 Threats. 7. The Leading …
SWOT Analysis of the Lithium-Ion Battery Market 2018-2028 6.1 Strengths 6.2 Weaknesses 6.3 Opportunities 6.4 Threats. 7. The Leading Companies in the Lithium-Ion Battery Market 7.1 …
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 …
Global Lithium-ion Battery Market Report Segmentation. This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest …
Lithium-ion battery metals market size worldwide by application 2021-2031; ... Size of the global battery market from 2018 to 2021, with a forecast through 2030, by …
This report covers what could be described as three pillars in the lithium-ion battery end-of-life …
Exhibit 5: A reinforcing feedback loop between battery quality, cost and market size. Source: Ziegler and Trancik (2021) before 2018 (end of data), BNEF Long-Term Electric Vehicle Outlook (2023) since 2018, BNEF …
Chart 20– Lithium-ion batteries EOL 2018-2025 by market 96 Chart 21– Revenues and costs for a 33 kWH pack, by downstream alternative 97 Chart 22– Revenues and costs with acquisition …
LONDON, August 15, 2018 /PRNewswire/ -- Visiongain has calculated that the global Lithium-Ion Battery Market will see a capital expenditure (CAPEX) of $34,292 mn in 2018. Read on to …
The market for lithium-ion batteries is growing rapidly. Since 2010 the annual deployed capacity of lithium-ion batteries has increased with 500 per cent1. From having been used mainly in …
According to our (Global Info Research) latest study, the global Lithium-Ion Battery market size was valued at USD 56230 million in 2022 and is forecast to a readjusted …
This report covers what could be described as three pillars in the lithium-ion battery end-of-life market: • How lithium-ion batteries reach end-of-life and how they are collected • How lithium …
Battery market size worldwide by technology 2018-2030. Size of the global battery market from 2018 to 2021, with a forecast through 2030, by technology (in million U.S. dollars)
Global Lithium-ion Battery Market Report Segmentation. 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 …
THE WORLDWIDE BATTERY MARKET 1990-2018. Lithium Ion Battery: Highest growth & …
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.
Battery market size worldwide by technology 2018-2030. Size of the global battery market from 2018 to 2021, with a forecast through 2030, by technology (in million U.S. …