Global demand for Li-ion batteries is expected to soar over the next decade, with the number of GWh required increasing from about 700 GWh in 2022 to around 4.7 TWh by 2030 (Exhibit 1). Batteries for mobility applications, such as electric vehicles (EVs), will account for the vast bulk of demand in 2030—about 4,300 GWh; an.
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In total, at least 120 to 150 new battery factories will need to be built between now and 2030 globally. In line with the surging demand for Li-ion batteries across industries, we project that revenues along the entire value chain will increase 5-fold, from about $85 billion in 2022 to over $400 billion in 2030 (Exhibit 2). Active materials and
The 290+ page report claims to capture the dynamic landscape of progress and recalibration in critical areas such as industry, investments, manufacturing, supply chain, innovation, research, policy, and talent. Notable highlights include a 16% reduction in cell-level prices, a renewed focus on graphite facilities outside China, and a surge in
Battery Market Size and Trends. Global battery market is estimated to be valued at US$ 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
This report forecasts revenue & volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global battery market report based on material, end use, application, type, and region:
• New battery guidance in China will likely encourage market consolidation and benefit leading players. The Chinese government has raised industry technology standards and minimum utilization targets for industry players as of June 20, 2024. • Weaker players will likely be squeezed out and this will gradually improve the country''s overcapacity issue over the next
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 share in the global market owing to their increasing application in various end-use industries such as renewable, telecom, and power generation industries.
The India Battery Market is expected to reach USD 7.20 billion in 2024 and grow at a CAGR of 16.80% to reach USD 15.65 billion by 2029. Exide Industries Ltd, Luminous Power Technologies Pvt. Ltd., HBL Power Systems Ltd, TATA AutoComp GY Batteries Pvt. Ltd. and Okaya Power Pvt. Ltd. are the major companies operating in this market.
This 130-page deck summarizes the most significant developments in the battery industry in 2021. We intend for this report to be a comprehensive and accessible overview of the current state of battery research, industry, talent, and policy; and we hope this report will help catalyze in-depth conversations on the state of batteries and its
Develop a deeper understanding of the battery industry with Technavio''s comprehensive market research reports. We provide the latest information on key industry dynamics, including global and regional market forecasts, internal and external pressure points, the vendor landscape, and more.
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 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
Crowd-sourced from top industry and academia experts, this report seeks to provide a comprehensive and accessible overview of the latest battery research, policy and business landscape. The Battery Report summarizes the most significant developments in
As of 2023, according to ITIF, Chinese institutions account for an impressive 65.4% of high-impact research publications on electric batteries. This dominance significantly eclipses the United States, contributing 11.9% of
As of 2023, according to ITIF, Chinese institutions account for an impressive 65.4% of high-impact research publications on electric batteries. This dominance significantly eclipses the United States, contributing 11.9% of such publications.
Trend 2: New energy vehicle battery pack and chassis industry chain transfer to the battery factory At present, battery companies have the voice over the new energy vehicle industry chain, which also means that the core value of OEMs has been weakened and the profit space has been greatly reduced. Powerful battery manufacturers take the
Innovative battery solutions address issues regarding energy density, battery life, and safety. This report explores key market data as well as areas of innovation and their implications for battery companies worldwide, as well as the global
India Battery Recycling Industry Report . Statistics for the 2024 India Battery Recycling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Battery Recycling analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free
Our new Energy Macro Report provides insights into the key trends shaping the battery market including supply and demand updates, battery energy storage, electric vehicles, materials, cost and price and latest developments in battery recycling.
The report will help the Aluminum Foil for Lithium-ion Battery manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
The 290+ page report claims to capture the dynamic landscape of progress and recalibration in critical areas such as industry, investments, manufacturing, supply chain, innovation, research, policy, and talent. Notable
Battery Industry Report . The global battery market is poised for significant growth, driven by the high use of UPS devices in sectors such as healthcare, chemical, and oil and gas for continuous power supply. Lead acid batteries
Battery manufacturing is a dynamic industry and scaling it up creates opportunities to diversify battery supply chains. Battery manufacturing capacity is set to expand rapidly and, if all announced plants are built on time, would be practically sufficient to meet the battery requirements of the NZE Scenario in 2030.
With this document, the Commission aims to put Europe on a firm path towards leadership in the battery sector as the key industry for the future, supporting jobs and growth in a circular economy, whilst ensuring clean mobility and an improved environment and quality of life for EU citizens.
Crowd-sourced from top industry and academia experts, this report seeks to provide a comprehensive and accessible overview of the latest battery research, policy and business landscape. The Battery Report summarizes the most
Innovative battery solutions address issues regarding energy density, battery life, and safety. This report explores key market data as well as areas of innovation and their implications for battery companies worldwide, as well as the global transition to renewable energy.
Rising EV battery demand is the greatest contributor to increasing demand for critical metals
The Battery Report summarizes the most significant developments in the battery industry. This report seeks to provide a comprehensive and accessible overview of the latest battery research, policy and business landscape. Discover how your business can leverage the unique and measurable benefits of a Volta Foundation membership.
Academic research efforts gravitated towards battery management systems in 2021, followed by studies in battery components in cathode, electrolyte, and the anode. Number of jobs in the battery industry is expected to 10x in the coming decade, with severe shortage projected for workers in the upstream value chain.
In total, at least 120 to 150 new battery factories will need to be built between now and 2030 globally. In line with the surging demand for Li-ion batteries across industries, we project that revenues along the entire value chain will increase 5-fold, from about $85 billion in 2022 to over $400 billion in 2030 (Exhibit 2).
Just as analysts tend to underestimate the amount of energy generated from renewable sources, battery demand forecasts typically underestimate the market size and are regularly corrected upwards.
In the rest of the world, battery demand growth jumped to more than 70% in 2023 compared to 2022, as a result of increasing EV sales. In China, PHEVs accounted for about one-third of total electric car sales in 2023 and 18% of battery demand, up from one-quarter of total sales in 2022 and 17% of sales in 2021.
This work is independent, reflects the views of the authors, and has not been commissioned by any business, government, or other institution. Global demand for batteries is increasing, driven largely by the imperative to reduce climate change through electrification of mobility and the broader energy transition.
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