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 Lithium Cobalt Oxide (LCO) segment is expected to hold 31.4% share of the lithium ion battery market in 2024, due to their high energy density. The push for devices and vehicles to offer longer battery life on a single charge has intensified the demand for battery chemistries capable of delivering more energy per unit weight or volume.
Geographically, the lithium-ion battery market share is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific Lithium-ion Battery Market Size, 2023 (USD Billion) To get more information on the regional analysis of this market, Request a Free sample . As per our findings, Asia Pacific dominates the market
Lithium Ion Battery Market size is expected to be worth around USD 307.8 billion by 2032, from USD 70.7 Billion in 2023, at a CAGR of 18.3%
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 vehicles industry.
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.
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 is anticipated to reach around USD 184.15 billion by 2030, growing at a CAGR of roughly 18.5% between 2022 and 2030.
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.
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. Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries.
1 天前· The entire lithium battery industry has the potential to grow manyfold in the overseas market, said Pan Helin, dean at Zhejiang University International Business School, during a recent interview with Securities Times. Up until July this year, more than 10 Chinese lithium battery companies have announced their plans for overseas investment.
The global Lithium-ion Battery Market Share is expected to grow from USD 56.8 billion in 2023 to USD 187.1 billion by 2032, at a CAGR of 14.2% from 2023 to 2032. This growth is attributed to the rising adoption of electric vehicles (EVs), advancements in consumer electronics, and the need for efficient energy storage systems.
Global Lithium-ion Battery Market Analysis By Type. The Lithium Nickel Manganese Cobalt Oxide (NMC) segment is predicted to capture a significant share of the lithium-ion battery market.
As per the analysis shared by our research analyst, the Lithium-Ion Battery market is estimated to grow annually at a CAGR of around 18.5% over the forecast period (2022-2030). In terms of revenue, the Lithium-Ion Battery market size was valued at around USD 42.5 billion in 2021 and is projected to reach USD 184.15 billion by 2030.
The future will be powered by lithium, a metal that is the key ingredient for making lightweight, power-dense batteries used in next-gen technology like electric vehicles, otherwise known as EVs
5 CURRENT CHALLENGES FACING LI-ION BATTERIES. Today, rechargeable lithium-ion batteries dominate the battery market because of their high energy density, power density, and low self-discharge rate. They are currently transforming the transportation sector with electric vehicles. And in the near future, in combination with renewable energy
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 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
Amara Raja Batteries Ltd (NS: AMAR)., India''s second-biggest traditional battery maker by value, will build a lithium-ion assembly plant as it seeks to grab a slice of the market for electric vehicle power packs that are set
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
Exide Industries Ltd is a leading Indian manufacturer of lead-acid storage batteries and provider of energy solutions. Catering to automotive, industrial, and submarine applications, the company also ventures into lithium-ion battery production, contributing to renewable energy and electric vehicle advancements. Amara Raja Energy & Mobility Ltd
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 These estimates are based on recent data for Li-ion batteries for
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 a compound annual growth rate (CAGR) 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 is anticipated to reach around USD 184.15
The Lithium Cobalt Oxide (LCO) segment is expected to hold 31.4% share of the lithium ion battery market in 2024, due to their high energy density. The push for devices and vehicles to offer longer battery life on a single charge has
The global Lithium-ion Battery Market Share is expected to grow from USD 56.8 billion in 2023 to USD 187.1 billion by 2032, at a CAGR of 14.2% from 2023 to 2032. This growth is attributed to
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.
Global Lithium-ion Battery Market Analysis By Type. The Lithium Nickel Manganese Cobalt Oxide (NMC) segment is predicted to capture a significant share of the lithium-ion battery market. Currently, it holds more than 60 per cent market share followed by lithium iron phosphate (LFP) with close to 30 per cent share. On the other hand, the Lithium
As the lithium-ion battery share price in India continues to increase due to growing demand, it presents lucrative opportunities for investors. Shift Towards Green Energy: Battery manufacturing company shares are critical to the shift towards clean energy. As the world embraces renewable sources, batteries are essential for storing energy and stabilising power
The Lithium Nickel Manganese Cobalt Oxide (NMC) segment is predicted to capture a significant share of the lithium-ion battery market. Currently, it holds more than 60 per cent market share followed by lithium iron phosphate (LFP) with close to 30 per cent share.
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 global market is anticipated to grow at a CAGR of 14% from 2024 to 2029 and be worth USD 150.14 billion by 2029 from USD 77.98 billion in 2024. The lithium-ion battery market is experiencing unparalleled growth because of the increased application in electric vehicles and power storage facilities.
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.
The automotive segment is dominating the lithium-ion battery market and is believed to expand in the future. The surge in battery demand for EVs is driving the segment’s market growth. The consumption of vehicle LIBs has risen from around 33O GWh in 2021 to 550 GWh in 2022 which is roughly a 65 per cent rise.
Also, incorporation with LIBs strengthens the battery management system (BMS), enhances state-of-charge projection and balances voltage and heat dissipation. Thus, it is expected to boost the expansion of the lithium-ion battery market.
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