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.
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.
Asia Pacific accounted for largest market share in 2022 and this is expected to continue during the forecast period. The lithium battery sector in China is booming owing to rising demand from electric vehicle and expanding renewables industries and rising demand from across the globe.
In terms of revenue, the global lithium-ion battery market size was valued at around USD 49.67 billion in 2021 and is projected to reach USD 165.65 billion, by 2030. The lithium-ion battery …
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 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.
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 …
The global Lithium-ion Battery market size reached USD 45.70 Billion in 2022 and is expected to reach USD 154.40 Billion in 2032 registering a CAGR of 13.1%. Lithium-ion Battery market …
Lithium Ion Battery Market Size and Trends. The lithium ion battery market is estimated to be valued at USD 63.70 Bn in 2024 and is expected to reach USD 192.33 Bn by 2031, exhibiting …
The global Lithium-ion Battery market size reached USD 45.70 Billion in 2022 and is expected to reach USD 154.40 Billion in 2032 registering a CAGR of 13.1%. Lithium-ion Battery market growth is primarily driven owing to increasing use …
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 lithium-ion battery market is expected to reach $446.85 billion by 2032, driven by electric vehicles and energy storage demand. Report provides market growth and …
Lithium-Ion Battery Market was valued at USD 70 Billion in 2024 and is projected to reach USD 387 Billion by 2031, growing at a CAGR of 18.7% ... The lithium-ion battery industry is …
Lithium Market Size and Trends. The lithium market is estimated to be valued at USD 52.74 Bn in 2024 and is expected to reach USD 163.08 Bn by 2031, exhibiting 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 $189.4 billion by 2032, growing at a CAGR of 15.2% from …
Battery Market Size and Trends. Global battery market is estimated to be valued at US$ 128.52 billion in 2024 and is expected to reach US$ 401.29 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 17.7% from 2024 …
The lithium-ion battery market is expected to reach $446.85 billion by 2032, driven by electric vehicles and energy storage demand. Report provides market growth and …
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 …
The largest market share was held by the US Lithium Ion Battery market, while the Canadian lithium Ion Battery market was the fastest-growing market in North America. This market has …
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 …
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 …
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 forecast period from 2023 to 2033.. Lithium …
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, …
The largest market share was held by the US Lithium Ion Battery market, while the Canadian lithium Ion Battery market was the fastest-growing market in North America. This market has grown because of the increasing attention given by …
Lithium-Ion Battery Market Size. The global lithium-ion battery market size was valued at USD 56.43 billion in 2023. It is expected to reach USD 240.90 billion in 2032, …