The Lithium-Ion Battery Market report offers qualitative and quantitative insights on lithium-ion batteries and a detailed analysis of market size & growth rate for all possible segments in the market. Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape.
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.
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.
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
Electric vehicles have reduced the climate impact when compared to internal combustion engines. Government bodies across the globe are approaching a greener and pollution-free mobility as passenger and commercial electric vehicles are changing trends for future transportation, which will certainly boost lithium-ion battery market growth.
Battery energy storage systems (BESS) will have a CAGR of 30 percent, and the GWh required to power these applications in 2030 will be comparable to the GWh needed for all applications today. China could account for 45 percent of total Li-ion demand in 2025 and 40 percent in 2030—most battery-chain segments are already mature in that country.
CATL and BYD, prominent players in the energy storage sector, have experienced rapid growth in their businesses, particularly in regions where electricity prices …
"The Energy Development Strategic Action Plan (2014∼2020)", "Made in …
lithium-based batteries, developed by FCAB to guide federal investments in the domestic lithium-battery manufacturing value chain that will decarbonize the transportation sector and bring …
Data indicates that the energy storage industry is poised to witness a demand surge, projecting to reach 250~260GWh in 2023. Meanwhile, global energy storage battery shipments are estimated to surge from 2022 to …
"The Energy Development Strategic Action Plan (2014∼2020)", "Made in China 2025", "Guiding Opinions on Smart Grid Development" and other documents have made plans …
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 …
Sodium-ion batteries have found applications in two-wheeled electric vehicles, pure electric vehicles, and energy storage projects. With lithium carbonate prices remaining …
Data indicates that the energy storage industry is poised to witness a demand surge, projecting to reach 250~260GWh in 2023. Meanwhile, global energy storage battery …
While the world strives for energy transition, the war-induced power shortages and energy crisis in Europe in 2022, the mandatory energy storage integration policy in China, …
An overview of the global market for lithium-ion battery; Analyses of the global market trends, with sales data for 2023, estimates for 2024, and projections of compound annual growth rates …
Analysis of Independent Energy Storage Business Model Based on Lithium-ion Batteries …
Even though several reviews of energy storage technologies have been published, there are still some gaps that need to be filled, including: a) the development of …
Development Purpose and Significance of Smart Grid; Type and Architecture …
If brought to scale, sodium-ion batteries could cost up to 20% less than incumbent technologies and be suitable for applications such as compact urban EVs and power stationary storage, …
Under the background of energy reform in the new era, energy enterprises have become a global trend to transform from production to service. Especially under the "carbon peak and …
Battery energy storage systems (BESS) will have a CAGR of 30 percent, and the GWh required to power these applications in 2030 will be comparable to the GWh needed …
Analysis of Independent Energy Storage Business Model Based on Lithium-ion Batteries System Abstract: Under the background of energy reform in the new era, energy enterprises have …
To overcome these problems, this thesis gives an overview of lithium-ion …
Sodium-ion batteries have found applications in two-wheeled electric vehicles, pure electric vehicles, and energy storage projects. With lithium carbonate prices remaining high in 2021 and 2022, sodium-ion batteries have …
The latest data shows that in May, the export volume of power batteries was 9.8 GWh, a year-on-year decrease of 13.1%, and the export volume of other batteries (mainly energy storage …
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. …
Development Purpose and Significance of Smart Grid; Type and Architecture of Smart Grid; Smart Grid Trend; 3. Analysis of Key Components for BESS. Architecture and …
An overview of the global market for lithium-ion battery; Analyses of the global market trends, …
To overcome these problems, this thesis gives an overview of lithium-ion stationary battery storage systems, their characteristics, applications, and an outlook on …
Key insights offered in the report are advancement in technology for Li-ion batteries by individual segments, recent industry developments such as partnerships, mergers …
New energy storage capacity in China in 2023. In 2023, the proportion of new energy storage capacity in China was as follows. Lithium-ion batteries accounted for 97.5%, …
The Future of Battery Energy Storage Systems (BESS): Advancements and Economic Transformations in 2024. The year 2024 will witness a significant leap in the energy …
Key insights offered in the report are advancement in technology for Li-ion batteries by individual segments, recent industry developments such as partnerships, mergers & acquisitions, consolidated …