![Lithium-ion Battery Market Size Lithium-Ion Battery Market Summary](https://s3.mordorintelligence.com/lithium-ion-battery-market/lithium-ion-battery-market-size-image-1735454230768.webp)
Study Period | 2019 - 2030 |
Market Size (2025) | USD 74.11 Billion |
Market Size (2030) | USD 145.60 Billion |
CAGR (2025 - 2030) | 14.46 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Lithium-ion Battery Market Analysis
The Lithium-ion Battery Market size is estimated at USD 74.11 billion in 2025, and is expected to reach USD 145.60 billion by 2030, at a CAGR of 14.46% during the forecast period (2025-2030).
The lithium-ion battery market is experiencing transformative changes driven by technological advancements and strategic collaborations among key players. Major lithium-ion battery companies are forming strategic partnerships to enhance production capabilities and meet growing demand. In October 2023, Toyota and Panasonic announced a joint venture to produce lithium-ion batteries for hybrid cars at a plant in western Japan, with production capacity planned for 500,000 cars annually by 2022. Similarly, CATL and Honda signed a comprehensive strategic alliance for new energy vehicle batteries in July 2023, while Tesla acquired German ATW Automation to strengthen its battery module and pack assembly capabilities.
The industry is witnessing significant infrastructure development and capacity expansion initiatives globally. Battery manufacturers are increasingly focusing on establishing regional manufacturing facilities to ensure supply chain resilience and meet local demand. The trend toward localization of battery production is particularly evident in emerging markets, with Indonesia launching a USD 4 billion lithium battery market project in collaboration with investors from China, South Korea, and Japan. These developments are complemented by the rising adoption of digital devices, with global mobile internet users expected to reach 5.0 billion by 2025, driving demand for portable energy storage solutions.
Raw material supply chain dynamics are reshaping the industry landscape, with manufacturers exploring innovative solutions to address resource constraints. Companies are increasingly investing in recycling technologies and sustainable production methods to secure critical materials like lithium and cobalt. The industry is seeing a shift toward more sustainable and efficient battery chemistries, with manufacturers focusing on reducing dependency on scarce materials while improving battery performance and longevity. This trend is supported by significant investments in research and development to optimize battery composition and manufacturing processes.
The integration of lithium-ion batteries in emerging applications is creating new market opportunities beyond traditional sectors. The technology is finding increased adoption in grid-scale energy storage systems, advanced medical devices, and industrial automation. Battery manufacturers are developing specialized solutions for these applications, with features such as enhanced safety protocols, longer lifecycle, and improved energy density. The industry is also witnessing the emergence of new business models, including battery-as-a-service and energy storage as a service, which are transforming how batteries are deployed and managed across different applications.
Lithium-ion Battery Market Trends
Growing Electric Vehicle Adoption & Supportive Regulations
The automotive industry's transition toward electric vehicles has emerged as a primary catalyst driving the forecast for lithium-ion battery demand forward. Several countries have implemented aggressive timelines to phase out internal combustion engine (ICE) vehicles, with Norway targeting 2025, France aiming for 2040, and the United Kingdom planning for 2050. These regulatory moves are complemented by substantial government incentives and subsidies designed to accelerate EV adoption, creating a robust demand for lithium-ion batteries in the automotive sector. The shift is particularly pronounced in regions with strong environmental policies, where governments are actively promoting zero-emission vehicles to reduce greenhouse gas emissions and combat climate change.
The automotive sector's dominance in lithium-ion battery consumption represents a significant shift from the market's historical focus on consumer electronics. This transformation is supported by comprehensive government programs that include both financial and non-financial incentives to promote electric vehicle adoption. For instance, China's clean energy policy has established the country as one of the largest markets for electric vehicles, while India's ambitious plans to phase out ICE engines by 2030 demonstrate the growing global commitment to electric mobility. These initiatives, coupled with increasing environmental awareness and the superior performance characteristics of lithium-ion batteries in automotive applications, continue to drive market expansion.
Declining Battery Prices & Technological Advancements
The dramatic reduction in lithium-ion battery prices has become a crucial driver for market growth across multiple applications. In 2023, the lithium-ion battery price per kilowatt-hour reached approximately USD 139, marking a remarkable 82.17% decrease from 2013 levels. This substantial trend in lithium-ion battery prices has made lithium-ion batteries increasingly accessible for both automotive manufacturers and energy storage applications, enabling wider adoption across various sectors. The continuing trend of price reduction, driven by technological improvements and economies of scale, is expected to further accelerate market penetration in both existing and emerging applications.
The declining cost trajectory has been accompanied by significant technological advancements in battery performance, energy density, and safety features. These improvements have enhanced the viability of lithium-ion batteries for high-demand applications such as electric vehicles and grid-scale energy storage systems. The combination of falling prices and improved performance characteristics has created a positive feedback loop, where increased adoption leads to further cost reductions through economies of scale, which in turn drives additional market growth. This virtuous cycle has been particularly beneficial for the automotive sector, where battery costs represent a significant portion of the total vehicle cost.
Rising Renewable Energy Integration
The global push toward renewable energy integration has created substantial demand for advanced energy storage solutions, positioning lithium-ion batteries as a critical enabler of the clean energy transition. According to the International Renewable Energy Agency (IRENA), the installed capacity of clean energy sources reached 2,025 GW in 2023, highlighting the massive scale of renewable energy deployment. This rapid expansion of renewable energy infrastructure has created a parallel need for efficient energy storage systems to address the intermittent nature of solar and wind power generation, driving demand for lithium-ion batteries in grid storage applications.
The integration of lithium-ion batteries in renewable energy systems extends beyond large-scale grid applications to include residential and commercial energy storage solutions. These systems enable better management of peak load demands, provide backup power capabilities, and improve the overall reliability of renewable energy installations. The technical advantages of lithium-ion batteries, including high energy density, low self-discharge rates, and long cycle life, make them particularly well-suited for renewable energy storage applications. This synergy between renewable energy deployment and energy storage requirements continues to drive market growth in the utility sector.
Increasing Consumer Electronics Applications
The expanding consumer electronics sector continues to drive demand for lithium-ion batteries, particularly in emerging markets experiencing rapid urbanization and increasing disposable incomes. The technical benefits of lithium-ion batteries, including their high energy density, low self-discharge, and compact size, make them ideal for use in smartphones, laptops, tablets, and other portable electronic devices. The growing adoption of Internet of Things (IoT) devices, wearable technology, and smart home systems has further expanded the application scope of lithium-ion batteries in the consumer electronics sector.
The evolution of consumer electronics toward more power-intensive applications and the increasing demand for longer battery life have spurred continued innovation in lithium-ion battery technology. The development of new battery chemistries and improved manufacturing processes has enabled the production of batteries with higher energy densities and faster charging capabilities, meeting the demanding requirements of modern electronic devices. Additionally, the integration of advanced features in consumer electronics, such as 5G connectivity and high-performance computing capabilities, has created new opportunities for specialized lithium-ion battery solutions designed to support these power-intensive applications.
Segment Analysis: Application
Automobile Segment in Lithium-ion Battery Market
The automobile segment dominates the global lithium-ion battery market, commanding approximately 52% of the total market share in 2024. This dominance is primarily driven by the accelerating adoption of electric vehicles (EVs) worldwide, particularly in major markets like China, Europe, and North America. The segment's growth is further bolstered by stringent government regulations promoting zero-emission vehicles, substantial investments in charging infrastructure, and declining battery costs. Major automotive manufacturers are increasingly forming strategic partnerships with battery manufacturers to secure their supply chains and enhance their EV production capabilities. The segment has also benefited from technological advancements in lithium-ion battery specifications and manufacturing processes, leading to improved energy density, faster charging capabilities, and longer battery life.
![Market Analysis of Lithium-ion Battery Market: Chart for Application](https://s3.mordorintelligence.com/lithium-ion-battery-market/lithium-ion-battery-market-Lithium-ion-Battery-Market-Market-Share-by-Application-Segment-2024-1736962826185.webp)
Electronic Devices Segment in Lithium-ion Battery Market
The electronic devices segment represents the second-largest application area in the lithium-ion battery market, with significant growth potential driven by the expanding consumer electronics industry. The proliferation of smartphones, laptops, tablets, and wearable devices continues to fuel demand for high-performance, compact batteries. Manufacturers are focusing on developing batteries with higher energy density and faster charging capabilities to meet the evolving requirements of modern electronic devices. The segment's growth is also supported by increasing disposable incomes in developing nations, technological advancements in portable electronics, and the growing trend of remote working and digital connectivity. This segment is a crucial part of the consumer lithium-ion battery market.
Remaining Segments in Application
The industrial and other applications segments collectively make up the remaining market share, serving diverse end-use applications. The industrial segment caters to critical applications such as energy storage systems (ESS), telecom infrastructure, and data centers, while the other applications segment encompasses medical devices, power tools, and various portable equipment. These segments are witnessing steady growth driven by increasing industrialization, the expansion of renewable energy infrastructure, and the growing need for reliable backup power solutions across various sectors. The versatility and reliability of lithium-ion batteries continue to open new application areas, contributing to the overall market expansion. This growth is particularly notable in the industrial lithium-ion battery market.
Lithium-ion Battery Market Geography Segment Analysis
Lithium-ion Battery Market in North America
The North American lithium-ion battery market demonstrates robust growth driven by increasing adoption of electric vehicles and renewable energy storage systems. The United States and Canada are leading this transformation through strong government support and technological innovations. The region's focus on reducing carbon emissions and transitioning to sustainable energy solutions has created a favorable environment for lithium battery market manufacturers and suppliers. Both countries have implemented various incentives and policies to promote electric vehicle adoption and renewable energy integration, which directly impacts the demand for lithium-ion batteries.
![Market Analysis of Lithium-ion Battery Market: Forecasted Growth Rate by Region](https://s3.mordorintelligence.com/lithium-ion-battery-market/lithium-ion-battery-market-Lithium-ion-Battery-Market-Forecasted-Five-Year-Growth-Rate-By-Region-1736518609416.webp)
Lithium-ion Battery Market in United States
The United States maintains its position as the largest market for lithium-ion batteries in North America, holding approximately 75% of the regional lithium battery market share in 2024. The country's dominance is attributed to its extensive manufacturing capabilities, strong presence of major automotive companies, and significant investments in battery technology research and development. The U.S. market is characterized by growing demand from various sectors, including electric vehicles, consumer electronics, and grid-scale energy storage systems. The country has also witnessed substantial investments in battery manufacturing facilities and continues to strengthen its domestic supply chain to reduce dependency on imports.
Lithium-ion Battery Market in Canada
Canada emerges as the fastest-growing market in North America, with an expected growth rate of approximately 24% during 2024-2029. The country's rich mineral resources, particularly lithium and other battery materials, position it favorably in the global supply chain. Canada's growth is driven by increasing investments in electric vehicle manufacturing, government support for clean energy initiatives, and rising demand for energy storage solutions. The country's commitment to reducing greenhouse gas emissions and promoting sustainable transportation has led to various initiatives supporting the adoption of electric vehicles and renewable energy storage systems, thereby boosting the demand for lithium-ion batteries.
Lithium-ion Battery Market in Asia-Pacific
The Asia-Pacific region dominates the global battery market, driven by the presence of major manufacturing hubs and strong government support for electric vehicle adoption and renewable energy integration. Countries like China, Japan, South Korea, and India play crucial roles in shaping the regional market dynamics. The region's leadership in consumer electronics manufacturing and aggressive push towards electric mobility has created a robust ecosystem for lithium-ion battery production and innovation. The presence of major battery manufacturers and extensive supply chain networks further strengthens the region's position in the global battery market.
Lithium-ion Battery Market in China
China maintains its position as the largest market in the Asia-Pacific region, commanding approximately 55% of the regional market share of lithium-ion battery in 2024. The country's dominance is supported by its massive electric vehicle market, extensive manufacturing capabilities, and strong government policies promoting clean energy adoption. China's leadership in the lithium-ion battery market is reinforced by its control over critical raw materials, established supply chains, and presence of major battery manufacturers. The country continues to invest heavily in research and development, focusing on improving battery technology and reducing production costs.
Lithium-ion Battery Market in South Korea
South Korea demonstrates the fastest growth trajectory in the Asia-Pacific region, driven by its technological expertise and strong presence in the global battery supply chain. The country's success is attributed to its advanced manufacturing capabilities, significant investments in research and development, and strategic partnerships with global automotive manufacturers. South Korean companies have established themselves as key players in the global battery market, particularly in the electric vehicle segment. The country's focus on developing next-generation battery technologies and expanding production capacities continues to drive its growth in the regional market.
Lithium-ion Battery Market in Europe
The European lithium-ion battery market is experiencing significant growth, driven by aggressive electric vehicle adoption targets and renewable energy integration initiatives. Countries like Germany, the Netherlands, and Italy are at the forefront of this transformation, supported by strong regulatory frameworks and investment incentives. The region's commitment to achieving carbon neutrality has led to increased demand for energy storage solutions and electric vehicles, creating a robust market for lithium-ion batteries.
Lithium-ion Battery Market in Germany
Germany stands as the largest market for lithium-ion batteries in Europe, driven by its strong automotive industry and leadership in renewable energy adoption. The country's position is strengthened by significant investments in battery manufacturing facilities and research and development initiatives. Germany's automotive sector's transition towards electric vehicles and the growing demand for energy storage solutions continue to drive market growth.
Lithium-ion Battery Market in Netherlands
The Netherlands emerges as the fastest-growing market in Europe, supported by its ambitious clean energy goals and strong infrastructure for electric vehicles. The country's growth is driven by increasing adoption of renewable energy storage systems and expanding electric vehicle charging infrastructure. The Netherlands' strategic location and favorable policies for sustainable transportation and energy storage continue to attract investments in the lithium battery market sector.
Lithium-ion Battery Market in Middle East & Africa
The Middle East and Africa region presents a growing market for lithium-ion batteries, with countries like the United Arab Emirates, Saudi Arabia, Zimbabwe, and South Africa leading the transformation. The region's focus on diversifying energy sources and reducing dependence on fossil fuels drives the demand for energy storage solutions. The United Arab Emirates emerges as the largest market in the region, while Zimbabwe shows the fastest growth potential due to its rich lithium resources and increasing investments in battery manufacturing capabilities. The region's commitment to renewable energy adoption and sustainable transportation solutions continues to create opportunities for lithium-ion battery market expansion.
Lithium-ion Battery Market in South America
The South American lithium market is experiencing steady growth, with Brazil, Argentina, and Chile playing pivotal roles in market development. The region's abundant lithium resources, particularly in the "lithium triangle" of Argentina, Bolivia, and Chile, position it strategically in the global supply chain. Brazil emerges as both the largest and fastest-growing market in the region, driven by its automotive industry's transition towards electric vehicles and increasing investments in renewable energy storage solutions. The region's focus on developing domestic battery manufacturing capabilities and leveraging its natural resources continues to attract investments and technological partnerships.
Lithium-ion Battery Industry Overview
Top Companies in Lithium-ion Battery Market
The lithium-ion battery market features prominent players, including CATL, LG Chem, Panasonic, Samsung SDI, Tesla, and BYD Company Limited. These lithium battery companies are heavily investing in research and development to enhance battery performance, energy density, and safety features while simultaneously reducing production costs. Strategic partnerships and joint ventures, particularly with automotive manufacturers, have become increasingly common as companies seek to secure long-term supply agreements and expand their market presence. Manufacturing capacity expansion through new facilities across multiple regions demonstrates the industry's focus on meeting growing demand, while vertical integration strategies are being adopted to gain better control over the supply chain. Companies are also emphasizing technological innovations in areas such as fast-charging capabilities, extended battery life, and improved thermal management systems, while simultaneously developing more sustainable and environmentally friendly production processes.
Market Consolidation Drives Industry Evolution Pattern
The lithium-ion battery market exhibits a relatively concentrated structure dominated by large-scale manufacturers with significant technological capabilities and financial resources. These established players, particularly from Asia-Pacific regions like China, South Korea, and Japan, have built substantial market positions through years of investment in research, development, and manufacturing infrastructure. The market has witnessed increased consolidation through strategic mergers, acquisitions, and joint ventures, as companies seek to combine complementary capabilities, achieve economies of scale, and strengthen their competitive positions across the value chain.
The industry landscape is characterized by a mix of specialized battery manufacturers and diversified conglomerates, with many players expanding their presence across multiple segments, including automotive, consumer electronics, and energy storage systems. Market entry barriers remain high due to substantial capital requirements, technical expertise needs, and the importance of established customer relationships. The competitive dynamics are further shaped by increasing vertical integration efforts, as companies seek to secure raw material supplies and optimize their production processes while maintaining quality standards and cost competitiveness. This consolidation is reflected in the shares of lithium-ion battery companies, which highlight the dominance of key players.
Innovation and Integration Key to Success
Success in the lithium-ion battery market increasingly depends on companies' ability to balance technological innovation with cost optimization while maintaining strong relationships with key customers, particularly in the automotive sector. Incumbent players are focusing on expanding their production capacities, investing in advanced manufacturing technologies, and developing next-generation battery technologies to maintain their competitive edge. The ability to secure stable raw material supplies through strategic partnerships or vertical integration has become crucial, while maintaining flexibility to adapt to changing market demands and technological requirements remains essential for long-term success.
For new entrants and smaller players, success strategies include focusing on specific market niches, developing innovative technologies or applications, and forming strategic partnerships with established players or end-users. The regulatory environment, particularly regarding environmental standards and safety requirements, continues to shape competitive strategies and investment decisions. Companies must also consider the increasing importance of sustainability and circular economy principles, including battery recycling and second-life applications, as these factors become increasingly important to customers and regulators alike. The ability to adapt to evolving customer preferences, particularly in terms of performance, safety, and environmental impact, while maintaining cost competitiveness, will be crucial for future success in the market. The role of companies researching lithium-ion batteries is becoming more prominent as they drive innovation and sustainability.
Lithium-ion Battery Market Leaders
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Samsung SDI
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Panasonic Corporation
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BYD Company
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Contemporary Amperex Technology Co. Ltd (CATL)
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Tesla Inc.
- *Disclaimer: Major Players sorted in no particular order
![Lithium-Ion Battery Market Concentration](https://s3.mordorintelligence.com/lithium-ion-battery-market/lithium-ion-battery-market_1640689793637_LIB.webp)
Lithium-ion Battery Market News
- January 2024: Automotive battery maker Amara Raja Batteries Ltd announced its plans to operate a gigafactory before the end of 2025. The company laid the foundation for one of its first gigafactories in the Mahbubnagar district in Telangana, India. The plant is expected to produce lithium cells and battery packs with a capacity of up to 16 GWh and 5 GWh, respectively.
- August 2023: Reliance Industries Limited planned to establish a lithium-ion battery gigafactory in India by 2026. The battery manufacturing plant is expected to be within the Dhirubhai Green Energy Giga Complex in Jamnagar, Gujarat. It will likely be designed to produce battery chemicals, cells, packs, containerized energy storage solutions, etc.
Lithium-ion Battery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of Study
- 1.2 Market Definiton
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD billion, till 2029
- 4.3 Lithium-ion Battery Price Trend Analysis, till 2029
- 4.4 Recent Trends and Developments
- 4.5 Government Policies and Regulations
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4.6 Market Dynamics
- 4.6.1 Drivers
- 4.6.1.1 Supportive Government Initiatives And Policies To Adopt Renewable Energy
- 4.6.1.2 Declining Cost Of Lithium-ion Batteries
- 4.6.2 Restraints
- 4.6.2.1 Demand-Supply Mismatch of Raw Materials
- 4.7 Supply Chain Analysis
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4.8 Porter's Five Forces Analysis
- 4.8.1 Bargaining Power of Suppliers
- 4.8.2 Bargaining Power of Consumers
- 4.8.3 Threat of New Entrants
- 4.8.4 Threat of Substitute Products and Services
- 4.8.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Application
- 5.1.1 Electronic Devices
- 5.1.2 Automobile
- 5.1.3 Stationary Energy Storage (UPS, Renewables, and Industrial)
- 5.1.4 Other Applications (Power Tools, Medical Devices, and Other Applications)
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Rest of the North America
- 5.2.2 Europe
- 5.2.2.1 Spain
- 5.2.2.2 Nordic
- 5.2.2.3 United Kingdom
- 5.2.2.4 Russia
- 5.2.2.5 Turkey
- 5.2.2.6 Germany
- 5.2.2.7 Italy
- 5.2.2.8 Rest of the Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 Malaysia
- 5.2.3.5 Thailand
- 5.2.3.6 Indonesia
- 5.2.3.7 Vietnam
- 5.2.3.8 Rest of Asia-Pacific
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Colmbia
- 5.2.4.4 Rest of South America
- 5.2.5 Middle East and Africa
- 5.2.5.1 United Arab Emirates
- 5.2.5.2 Saudi Arabia
- 5.2.5.3 South Africa
- 5.2.5.4 Nigeria
- 5.2.5.5 Qatar
- 5.2.5.6 Egypt
- 5.2.5.7 Rest of the Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 BYD Company Limited
- 6.3.2 Contemporary Amperex Technology Co. Limited
- 6.3.3 LG Chem Ltd
- 6.3.4 Panasonic Corporation
- 6.3.5 Samsung SDI
- 6.3.6 Sony Corporation
- 6.3.7 Tesla Inc.
- 6.3.8 Tianjin Lishen Battery Joint-Stock Co. Ltd
- *List Not Exhaustive
- 6.4 Market Ranking/Share Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand for Recycled Lithium-ion Batteries
Lithium-ion Battery Industry Segmentation
A lithium-ion battery is a rechargeable battery that consists of an anode, cathode, and electrolyte. Different types of anode and cathode materials allow designers to design batteries depending on their applications. Lithium-ion batteries are preferred over other batteries mainly due to their high energy density.
The lithium-ion battery market is segmented by application and geography. By application, the market is segmented into electronic devices, automobiles, stationary energy storage, and other applications. The report also covers the market size and forecasts for the lithium-ion batteries market across major regions, such as Asia-Pacific, North America, Europe, South America, the Middle East, and Africa. For each segment, the market sizes and forecasts have been done based on revenue (USD).
Application | Electronic Devices | ||
Automobile | |||
Stationary Energy Storage (UPS, Renewables, and Industrial) | |||
Other Applications (Power Tools, Medical Devices, and Other Applications) | |||
Geography | North America | United States | |
Canada | |||
Rest of the North America | |||
Europe | Spain | ||
Nordic | |||
United Kingdom | |||
Russia | |||
Turkey | |||
Germany | |||
Italy | |||
Rest of the Europe | |||
Asia-Pacific | China | ||
India | |||
Japan | |||
Malaysia | |||
Thailand | |||
Indonesia | |||
Vietnam | |||
Rest of Asia-Pacific | |||
South America | Brazil | ||
Argentina | |||
Colmbia | |||
Rest of South America | |||
Middle East and Africa | United Arab Emirates | ||
Saudi Arabia | |||
South Africa | |||
Nigeria | |||
Qatar | |||
Egypt | |||
Rest of the Middle East and Africa |
Lithium-ion Battery Market Research FAQs
How big is the Lithium-ion Battery Market?
The Lithium-ion Battery Market size is expected to reach USD 74.11 billion in 2025 and grow at a CAGR of 14.46% to reach USD 145.60 billion by 2030.
What is the current Lithium-ion Battery Market size?
In 2025, the Lithium-ion Battery Market size is expected to reach USD 74.11 billion.
Who are the key players in Lithium-ion Battery Market?
Samsung SDI, Panasonic Corporation, BYD Company, Contemporary Amperex Technology Co. Ltd (CATL) and Tesla Inc. are the major companies operating in the Lithium-ion Battery Market.
Which is the fastest growing region in Lithium-ion Battery Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Lithium-ion Battery Market?
In 2025, the Asia-Pacific accounts for the largest market share in Lithium-ion Battery Market.
What years does this Lithium-ion Battery Market cover, and what was the market size in 2024?
In 2024, the Lithium-ion Battery Market size was estimated at USD 63.39 billion. The report covers the Lithium-ion Battery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Lithium-ion Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Lithium-ion Battery Market Research
Mordor Intelligence provides a comprehensive analysis of the lithium-ion battery market. We leverage our extensive expertise in battery technology research and consulting. Our detailed report examines the rapidly evolving Li-ion battery industry, offering in-depth insights into battery specifications, technological advancements, and emerging trends. The analysis covers crucial aspects such as lithium battery sizes, applications across various sectors, and a detailed examination of battery demand forecast metrics. Available as an easy-to-read report PDF download, our research includes vital data from leading lithium ion battery companies and emerging players in the industry.
The report offers stakeholders valuable insights into the size of the lithium-ion battery market and projected growth trajectories through detailed lithium ion battery demand forecast analysis. Our research methodology incorporates extensive data from lithium ion battery research companies, providing comprehensive coverage of battery technology developments and industrial applications. The report examines lithium battery industry dynamics, including detailed lithium ion battery specifications and emerging trends in the battery technology market development. Stakeholders benefit from our forward-looking analysis of lithium ion battery forecast data, enabling informed decision-making in this rapidly evolving sector.