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.
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.
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 $400 billion and a market size of 4.7 TWh. 1
Battery demand for lithium stood at around 140 kt in 2023, 85% of total lithium demand and up more than 30% compared to 2022; for cobalt, demand for batteries was up 15% at 150 kt, 70% of the total. To a lesser extent, battery demand growth contributes to increasing total demand for nickel, accounting for over 10% of total nickel demand.
Their potential is, however, yet to be reached. It is projected that between 2022 and 2030, the global demand for lithium-ion batteries will increase almost seven-fold, reaching 4.7 terawatt-hours in 2030.
Geographically, the lithium-ion battery market share is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. As per our findings, Asia Pacific dominates the market share during the forecast timeframe. China and Japan are considered the world's largest markets of electric vehicles.
Lithium-ion battery manufacturers are prioritising cost reduction as the main survival mechanism in a market with tight margins and intense price competition ... A similar …
The global lithium-ion battery market was valued at USD 64.84 billion in 2023 and is projected to grow from USD 79.44 billion in 2024 to USD 446.85 billion by 2032, …
The global lithium-ion battery market was valued at USD 64.84 billion in 2023 and is projected to grow from USD 79.44 billion in 2024 to USD 446.85 billion by 2032, …
The global lithium battery assembly machine market has experienced significant growth in recent years, fueled by the surge in electric vehicle production and the …
The "Global Lithium Battery Manufacturing and Assembly Equipment Market" was valued at US$ 1.84 Billion in 2024 and is predicted to reach US$ 3.10 Billion by 2030, …
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 …
The global lithium battery assembly machine market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2028. 24/7; sales@industrygrowthinsights +1 909 …
The India lithium-ion battery market Size was valued at USD 573.07 million in 2023 and is expected to grow at a CAGR of 38.7% from 2024 to 2030. ... making electric transportation an …
Lithium battery play an extremely important role in UPS, transportation, electronic communications and other applications, and have a wide range of application …
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. …
Notable challenges in the battery cell component industry in Europe and North America include overcoming market entry hurdles, securing substantial funding to set up, ensuring capital excellence and strategic talent …
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 global lithium battery assembly machine market has experienced significant growth in recent years, fueled by the surge in electric vehicle production and the …
Notable challenges in the battery cell component industry in Europe and North America include overcoming market entry hurdles, securing substantial funding to set up, …
•Today´s lithium-ion technology is dominated by NMC/ NCA in combination w/ graphite anode •To increase energy density and lower cobalt content and BOM cost Ni-shares are constantly …
Lithium Battery Assembly Machine Market Report Overview. The global Lithium Battery Assembly Machine Market size is USD 1.85 billion in 2024 and is expected to …
global Lithium Battery Assembly Machine Market size was valued at USD 1.85 billion in 2024 and is expected to reach USD 6.01 billion by 2032, growing at a CAGR of about …
The global Lithium Battery Manufacturing and Assembly Equipment market was valued at US$ 1.84 billion in 2024 and is predicted to reach US$ 3.10 billion by 2030, …
What is the Lithium Battery Manufacturing and Assembly Equipment Market growth? The Lithium Battery Manufacturing and Assembly Equipment market is estimated to …
This report illuminates current market status, encompassing size, share, demand, dev ... "Lithium Battery Cell Assembly Machine Market Complete Scenario 2024-2030 The …
The global "Lithium Battery Manufacturing and Assembly Equipment market" was valued at US$ 1.84 billion in 2024 and is predicted to reach US$ 3.46 billion by 2030, …
Size of the global market for lithium-ion battery metals in 2021, with a forecast for 2031, by end-use segment (in million U.S. dollars)
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 …
As the world transitions towards sustainable energy solutions, the demand for high-performance lithium battery packs continues to soar. At the heart of this burgeoning …