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.
The lithium-ion battery market growth is driven by the increase in demand for electric vehicles (EVs), consumer electronics, and renewable energy storage systems. Government initiatives toward carbon neutrality and the rise in adoption of EVs significantly boost market growth.
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.
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.
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.
Lithium batteries provide the power needed to keep these devices running day and night, allowing users to track their activity, monitor their health, and stay connected on the go. ... In the aerospace industry, lithium …
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 …
In 2023, batteries were by far the largest end-usage of lithium worldwide. This application accounted for 87 percent of lithium consumption that year, while use in ceramics and glass …
Battery Market Size, Industry Share & Analysis By Battery Type (Lithium-ion battery, Lead-Acid Battery, Nickel Battery, Flow Battery, Others), By End-user(Aerospace Industries, Automotive …
The most important key figures provide you with a compact summary of the topic of "Lithium-ion battery industry worldwide" and take you straight to the corresponding …
BCC Research Report: Dive into lithium-ion battery market report 2023 is considered a base year, 2024 is an estimated year, and the market values are forecasted for five years until 2029. …
Almost 60 percent of today''s lithium is mined for battery-related applications, …
BCC Research Report: Dive into lithium-ion battery market report 2023 is considered a base …
In 2023, the industry output value of lithium-ion batteries in China surpassed 1.4 trillion yuan.
The market value of the Li-ion battery industry was about 54.4 billion U.S. dollars in 2023. With the enhanced demand for lithium batteries, experts predict this market …
In 2023, batteries were by far the largest end-usage of lithium worldwide. This application accounted for 87 percent of lithium consumption that year, while use in ceramics and glass made up...
1.2 Global lithium-ion battery market size Global and European and American lithium-ion battery market size forecast Driving force 1: New energy vehicles Growth of lithium-ion batteries is …
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, …
Industry. Buildings. Energy Efficiency and Demand. Carbon Capture, Utilisation and Storage. Decarbonisation Enablers. Buildings; ... Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022, from about …
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. …
Lithium-ion Battery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031 - The global lithium-ion battery market is projected to surge …
The global demand for lithium-ion battery cells is forecast to increase from approximately 700 gigawatt-hours in 2022 to 4,700 gigawatt-hours in 2030.
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 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 …
Rising EV battery demand is the greatest contributor to increasing demand for critical metals like lithium. Battery demand for lithium stood at around 140 kt in 2023, 85% of total lithium demand …
Based on battery type, the market is segmented into lithium-ion batteries, lead-acid batteries, nickel batteries, flow batteries, and others. Lithium-ion batteries account for the maximum …
In the race to lead the lithium battery industry, innovation is a primary differentiator: CATL''s cell-to-pack (CTP) technology has improved energy density by eliminating redundant modules and reducing weight and cost. LG …
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 …