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Report Description

Report Description

Forecast Period

2026-2030

Market Size (2024)

USD 58.4 Billion

Market Size (2030)

USD 187.7 Billion

CAGR (2025-2030)

21.3%

Fastest Growing Segment

Cathode

Largest Market

North America

Market Overview

Global Lithium-ion Battery Market was valued at USD 58.4 billion in 2024 and is expected to reach USD 187.7 billion by 2030 with a CAGR of 21.3% through 2030. The global lithium-ion battery market is being driven by several key factors. The rapid adoption of electric vehicles (EVs), supported by government incentives and tightening emission regulations, is significantly increasing battery demand. At the same time, the need for efficient energy storage systems to support renewable energy sources like solar and wind is fueling market growth, with lithium-ion batteries becoming a preferred solution for grid and residential storage. Consumer electronics, including smartphones, laptops, and wearable devices, continue to drive demand due to the batteries’ high energy density and compact size.

Technological advancements are leading to better battery performance, faster charging, and longer life cycles, while decreasing production costs enhance affordability. Government initiatives worldwide—such as the U.S. Inflation Reduction Act and India’s FAME scheme—further incentivize battery production and EV penetration. Additionally, the rise of 5G and IoT devices is expanding the need for powerful, compact batteries in smart applications. Growth in emerging markets, driven by urbanization and increasing energy access, is also contributing to demand. Overall, the convergence of sustainability goals, technological innovation, and expanding end-user applications continues to propel the global lithium-ion battery market forward.

Key Market Drivers

Accelerated Adoption of Electric Vehicles (EVs)

One of the most prominent drivers of the global lithium-ion battery market is the surging demand for electric vehicles (EVs). With the growing urgency to address climate change and reduce dependency on fossil fuels, governments and automotive manufacturers worldwide are shifting toward electrified transportation. Lithium-ion batteries, known for their high energy density, long cycle life, and declining cost, are the dominant energy storage solution for EVs across passenger cars, commercial vehicles, and two-wheelers. 

Government policies are playing a pivotal role in accelerating EV adoption. Nations such as China, the United States, India, Germany, and the UK have introduced a combination of incentives, subsidies, tax breaks, and stricter CO emission norms to promote electric mobility. For instance, the European Union’s Green Deal and Fit for 55 policy push for the phasing out of internal combustion engines by 2035. Similarly, the U.S. Inflation Reduction Act offers substantial tax credits for domestic battery manufacturing and EV purchases. 

Automotive OEMs are responding by making major investments in battery electric vehicle (BEV) lineups and developing gigafactories to secure battery supply chains. Tesla, General Motors, Volkswagen, BYD, and Hyundai are among the automakers investing billions into battery development and localizing supply. The lithium-ion battery’s ability to offer quick recharge, reduced weight, and energy efficiency makes it indispensable for this transformation.

Moreover, advances in battery chemistries—such as Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC)—have enabled automakers to tailor battery packs based on cost, safety, and performance needs. As these battery packs become more durable and energy-efficient, range anxiety is reduced, making EVs more viable for mass-market consumers.

The market for EV batteries is further supported by the development of robust charging infrastructure. Public and private sector investments into fast-charging networks and battery-swapping stations are reducing the barriers to EV ownership. Global EV stock (battery electric and plug-in hybrids) reached over 45 million by the end of 2024, up from just 10 million in 2020. In 2024 alone, more than 17 million EVs were sold globally, accounting for around 22% of all new car sales.

Growing Integration of Renewable Energy with Energy Storage Solutions

Another key driver of the global lithium-ion battery market is the expanding use of renewable energy sources—particularly solar and wind—and the subsequent demand for efficient energy storage systems. Renewable energy, though clean and abundant, is inherently intermittent in nature. This intermittency—solar panels only generate power during the day and wind turbines require sufficient airflow—necessitates the deployment of advanced battery storage solutions to ensure a consistent energy supply.

Lithium-ion batteries have emerged as the preferred choice for grid-scale, residential, and commercial energy storage systems due to their high energy efficiency, fast response times, and decreasing costs. As the levelized cost of electricity (LCOE) from renewables declines and governments set ambitious targets for clean energy transition, lithium-ion battery storage plays a crucial role in stabilizing power grids, storing excess generation, and ensuring energy availability during peak demand hours or outages.

For instance, large-scale battery installations such as the Tesla Megapack systems in the United States and Australia have already demonstrated the role lithium-ion batteries can play in enhancing grid resilience and reducing reliance on fossil-fuel-based peaker plants. In countries like India and China, where renewable deployment is rapidly scaling up, battery storage is critical for managing grid fluctuations and minimizing curtailment of excess renewable power.

The rapid deployment of decentralized renewable systems, such as rooftop solar in residential or microgrid applications in off-grid rural areas, also drives demand for compact and efficient lithium-ion batteries. These systems rely on energy storage to power homes or businesses during the night or during grid outages.

Technological advancements are further making lithium-ion batteries more viable for energy storage. Innovations in battery management systems (BMS), thermal control, and improved chemistries are increasing safety, efficiency, and scalability for large energy storage projects. Additionally, the emergence of second-life EV batteries—repurposed for stationary storage—presents a cost-effective way to expand storage capacity while also contributing to a circular economy.

From a policy standpoint, several countries are introducing mandates and incentives to promote battery energy storage systems (BESS). For example, California’s Self-Generation Incentive Program (SGIP) and India’s National Energy Storage Mission support battery deployment alongside renewables. Financial incentives, regulatory frameworks, and decreasing costs are all contributing to the acceleration of lithium-ion batteries in this segment.

Overall, the synergetic growth of renewables and lithium-ion battery storage is reshaping the energy landscape, making clean and reliable electricity more accessible than ever. This trend is expected to significantly propel the global lithium-ion battery market in the coming years. Global installed energy storage capacity (excluding pumped hydro) surpassed 85 GW / 180 GWh by the end of 2024, nearly doubling since 2022. Over 60% of new utility-scale battery projects in 2023–2024 were paired with renewable energy sources, primarily solar and wind. The global market for battery energy storage systems (BESS) is projected to exceed USD 150 billion by 2030, growing at a CAGR of 20–25%.

 

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Key Market Challenges

Supply Chain Constraints and Raw Material Dependency

One of the most pressing challenges facing the global lithium-ion battery market is the constrained supply chain for critical raw materials. Lithium-ion batteries rely heavily on specific elements such as lithium, cobalt, nickel, manganese, and graphite. The extraction, processing, and distribution of these materials are geographically concentrated, making the market vulnerable to geopolitical risks, trade restrictions, and resource nationalism.

For instance, over 70% of cobalt production comes from the Democratic Republic of Congo (DRC), where political instability, poor labor practices, and lack of infrastructure pose significant risks. Lithium production is primarily concentrated in the “Lithium Triangle” of South America (Chile, Argentina, and Bolivia), Australia, and China. These concentrated supply sources expose battery manufacturers to supply shocks and volatile pricing. In 2022–2023, lithium prices surged over 400%, disrupting procurement strategies and squeezing manufacturer margins.

Furthermore, refining capacity for these materials is dominated by China, which processes over 60% of global lithium and nearly 70% of cobalt. This dominance creates a supply bottleneck and raises concerns about overreliance on a single country, especially in the context of trade tensions and economic nationalism. For Western countries and allies aiming to reduce dependence on China, this presents a strategic challenge.

Adding to the issue is the environmental impact of raw material extraction. Mining operations often result in water pollution, soil degradation, and habitat destruction, drawing criticism from environmental groups and communities. In response, stricter environmental regulations and social license to operate are making new mining projects difficult to approve, further slowing supply expansion.

In light of these challenges, battery manufacturers are attempting to diversify their supply chains through regional partnerships, investment in domestic mining projects, and recycling initiatives. However, developing new mines and refining infrastructure can take years, and significant capital investment, delaying supply stabilization.

To mitigate this issue, some companies are also exploring alternative chemistries such as lithium iron phosphate (LFP), which avoids cobalt and nickel, but this comes with trade-offs in energy density and suitability for some applications.

Safety Concerns and Thermal Runaway Risks

Safety remains a significant challenge for the lithium-ion battery industry, particularly as these batteries become ubiquitous in electric vehicles, consumer electronics, and grid storage. Despite their numerous advantages, lithium-ion batteries are inherently sensitive to mechanical damage, overcharging, high temperatures, and manufacturing defects, which can trigger thermal runaway — a self-sustaining chain reaction that results in fire or explosion.

Thermal runaway is especially dangerous because it occurs rapidly and can be difficult to stop once initiated. Incidents involving lithium-ion battery fires have been reported in electric vehicles, laptops, smartphones, and large-scale energy storage facilities. For example, several EV fires in vehicles from major automakers like Hyundai, GM, and Tesla have attracted global attention, leading to recalls worth billions of dollars and damaging public trust.

In grid-scale applications, safety concerns are amplified. Fires in battery energy storage systems (BESS) in locations such as South Korea and Arizona have led to property damage, injuries, and stricter safety regulations. These incidents highlight the need for robust battery management systems (BMS), fire suppression technologies, and more stringent testing protocols.

Another critical issue is the quality control in battery manufacturing. As demand surges, especially from emerging markets, there is pressure to produce batteries faster and cheaper. This can lead to quality compromises, increasing the risk of defects that may not be caught during inspection. Even minor defects—like dendrite formation or internal short circuits—can cause catastrophic failure if undetected.

The challenge is particularly relevant for second-life batteries (reused EV batteries repurposed for stationary applications), which may have degraded cells that are more prone to instability. Ensuring the safety of such batteries requires comprehensive testing, monitoring, and refurbishing—processes that are still developing in many regions.

To address these concerns, industry stakeholders are investing in new technologies and protocols. Innovations include solid-state batteries, which replace flammable liquid electrolytes with solid ones, significantly reducing fire risk. Additionally, advanced thermal management systems, real-time monitoring sensors, and AI-based predictive maintenance tools are being integrated to enhance battery safety.

However, implementing these safety measures increases costs and may affect the commercial viability of certain applications. Regulatory bodies worldwide are also stepping in to mandate safety standards, which could slow product rollouts and create compliance hurdles for manufacturers.

Key Market Trends

Technological Advancements and Evolution of Battery Chemistries

A prominent trend in the global lithium-ion battery market is the ongoing technological advancement and innovation in battery chemistries. As demand grows across sectors like electric vehicles (EVs), renewable energy storage, and consumer electronics, the pressure to improve battery performance—energy density, charge time, safety, lifespan, and cost—has never been greater. This has led to the evolution of various lithium-ion chemistries, each optimized for specific use cases.

One significant development is the growing adoption of Lithium Iron Phosphate (LFP) batteries, especially in EVs and stationary storage applications. LFP batteries are gaining popularity due to their superior thermal stability, longer cycle life, lower cost, and enhanced safety compared to Nickel Manganese Cobalt (NMC) batteries. Major automakers such as Tesla, BYD, and Ford have begun using LFP batteries in certain vehicle segments, especially entry-level and mid-range EVs, where cost sensitivity is high.

Conversely, Nickel-based chemistries like NMC and Nickel Cobalt Aluminum (NCA) continue to be favored for high-performance applications because of their higher energy density, making them ideal for long-range electric vehicles. However, the trend is toward reducing cobalt content due to its high cost, ethical sourcing issues, and supply chain risks. Innovations in NMC 811 and NMC 532 compositions reflect this effort, allowing manufacturers to optimize performance while lowering dependency on expensive or controversial materials.

Beyond conventional lithium-ion chemistries, solid-state batteries (SSBs) represent a cutting-edge trend with transformative potential. These batteries replace the liquid electrolyte with a solid-state one, significantly enhancing safety by reducing the risk of leakage and thermal runaway. Solid-state batteries also offer higher energy density and faster charging capabilities. Companies like Toyota, Samsung, and QuantumScape are investing heavily in R&D to commercialize these batteries by the late 2020s.

Additionally, advancements in battery management systems (BMS), fast-charging technologies, and recyclability are shaping the next generation of lithium-ion batteries. Smart BMS integration allows real-time monitoring of battery health, optimizing charging cycles and prolonging battery lifespan. The development of fast-charging infrastructure and improved charging algorithms is reducing EV charging times, addressing a key consumer concern.

Expansion of Battery Recycling and Second-Life Applications

As lithium-ion batteries become more integral to modern life, the need for sustainable end-of-life solutions is driving a major market trend: the expansion of battery recycling and second-life battery applications. With the rising demand for raw materials like lithium, cobalt, and nickel—and the environmental concerns associated with mining—recycling is emerging as a strategic imperative for industry players and governments alike.

Battery recycling addresses two key issues: material recovery and waste reduction. Spent batteries contain valuable and finite resources that can be extracted and reused to manufacture new batteries. Companies such as Redwood Materials, Li-Cycle, and Umicore are developing advanced recycling technologies that recover over 90% of critical metals. These recovered materials are reintroduced into the supply chain, reducing dependence on primary mining and lowering the environmental footprint of battery production.

Governments across the globe are introducing regulations to mandate battery recycling. The European Union’s updated Battery Regulation includes strict guidelines for collection, reuse, and material recovery targets. Similarly, China and the U.S. have rolled out policies encouraging the establishment of battery recycling ecosystems. These regulations are pushing manufacturers to design batteries with recycling in mind—often referred to as “design for disassembly.”

Another major component of this trend is the rise of second-life batteries—lithium-ion batteries that are no longer fit for high-performance use in EVs but still retain 70–80% of their capacity. These batteries are being repurposed for stationary energy storage applications such as solar home systems, commercial backup storage, and grid balancing. This not only extends the useful life of the battery but also reduces the pressure on raw material supply chains.

Automakers and energy companies are actively exploring second-life battery business models. For example, Nissan’s “Refabricated Battery” program repurposes used EV batteries for off-grid lighting and backup power. Similarly, Tesla and BMW are investigating scalable solutions to integrate second-life batteries into their energy storage portfolios. This trend is also attracting startups and third-party integrators who refurbish and resell used battery packs.

However, challenges remain. Establishing standardized methods for battery testing, grading, and repurposing is critical to ensure safety and reliability. Logistics, traceability, and economic feasibility are also key hurdles that require coordinated industry and regulatory efforts.

Segmental Insights

Capacity Insights

3,000- 10,000 mAh segment dominated the Lithium-ion Battery Market in 2024 and is projected to maintain its leadership throughout the forecast period, largely due to its widespread use across consumer electronics and portable devices. This segment provides a balanced combination of energy storage, compact size, and lightweight design, making it ideal for smartphones, tablets, digital cameras, wearables, and handheld gaming devices. As global smartphone penetration rises and users demand longer battery life without compromising on device size, manufacturers have increasingly integrated batteries in this capacity range. In addition, the growing adoption of wireless technologies, such as Bluetooth earphones and smartwatches, has further fueled demand for batteries within this segment.

The surge in remote work, e-learning, and digital content consumption, especially post-pandemic, has also led to higher usage of gadgets powered by 3,000–10,000 mAh batteries. Moreover, advancements in battery design and lithium-ion chemistry have enabled these batteries to offer longer cycle life and faster charging, enhancing user experience and driving product upgrades. While higher-capacity batteries are often used in electric vehicles and energy storage systems, the compact 3,000–10,000 mAh batteries are ideal for mobile electronics, making them the volume leader. With the continued growth of the global electronics market, this segment is expected to maintain its dominance, supported by innovation in power management and charging technologies.

Application Insights

Electrical and Electronics segment dominated the Lithium-ion Battery Market in 2024 and is projected to maintain its leadership throughout the forecast period, primarily driven by the widespread integration of these batteries into consumer devices such as smartphones, laptops, tablets, cameras, power tools, and wearable technology. The compact size, high energy density, long cycle life, and lightweight nature of lithium-ion batteries make them especially suitable for portable electronic devices that require reliable and efficient power sources. As consumer demand for longer-lasting and faster-charging gadgets continues to rise, manufacturers are consistently relying on lithium-ion technology to meet performance expectations.

Furthermore, the global boom in connected devices and smart technologies—such as smartwatches, wireless earbuds, and IoT-based home appliances—has significantly increased the deployment of lithium-ion batteries. The rapid growth of the electronics sector in emerging economies like India, China, and Southeast Asian countries, coupled with increasing digitalization and internet penetration, has also contributed to this trend.

In addition, frequent product upgrades, shorter replacement cycles for gadgets, and increasing remote work and digital lifestyles have driven sustained demand for portable electronics, thereby reinforcing the dominance of the electrical and electronics segment. As innovation in device functionality continues—such as foldable phones and high-performance gaming devices—the reliance on efficient battery solutions will further deepen. This segment is expected to maintain its leading position in the lithium-ion battery market due to its volume-driven demand and continuous technological evolution in electronic products.

 

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Regional Insights

Largest Region

North America dominated the Lithium-ion Battery Market in 2024 and is anticipated to maintain its leadership throughout the forecast period, driven by strong demand from electric vehicles (EVs), consumer electronics, and energy storage systems. The region’s leadership is primarily fueled by the rapid adoption of EVs, with major automakers like Tesla, General Motors, and Ford investing heavily in lithium-ion battery-powered models. Tesla, in particular, has played a crucial role with its large-scale battery manufacturing at Gigafactories across the U.S., creating a robust domestic supply chain and accelerating innovation in battery technology.

Additionally, the growing popularity of renewable energy in North America, especially solar and wind, has boosted demand for energy storage systems using lithium-ion batteries to balance grid supply and demand. Government support, including tax incentives, grants, and favorable policies for EV and energy storage adoption, has further strengthened the market. The U.S. Department of Energy’s initiatives to localize battery production and reduce reliance on foreign imports have spurred new investments in battery manufacturing and recycling facilities.

Consumer electronics also play a significant role, with high demand for smartphones, laptops, and wearable devices powered by lithium-ion batteries. Moreover, North America’s emphasis on sustainability, coupled with the development of second-life battery applications and recycling infrastructure, is fostering a more circular battery economy. As innovation, policy support, and industrial capacity continue to align, North America is expected to maintain its leadership in the lithium-ion battery market in the coming years.

Emerging Region

South America was an Emerging Region in the Lithium-ion Battery Market in 2024 and is anticipated to maintain its leadership throughout the forecast period, primarily due to its vast reserves of critical raw materials such as lithium, which is essential for battery production. Countries like Argentina, Chile, and Bolivia—collectively known as the “Lithium Triangle”—hold more than half of the world’s lithium resources. This abundance has positioned South America as a strategic supplier in the global battery supply chain, attracting significant foreign investments from battery manufacturers and automakers aiming to secure raw materials for electric vehicle (EV) and energy storage systems.

Beyond resource availability, South America is witnessing growing interest in developing its own battery production and value-added processing capabilities. Governments across the region are actively working to shift from being mere exporters of raw lithium to establishing local lithium refining, battery manufacturing, and recycling operations. This transition is supported by favorable policies, strategic partnerships, and international collaborations, particularly with countries like China, the U.S., and South Korea.

In addition, the region is experiencing a gradual increase in EV adoption and renewable energy projects, both of which rely heavily on lithium-ion batteries. Urbanization, rising energy demand, and improved infrastructure are creating new opportunities for energy storage systems and portable electronics.

Although still in its developmental phase, South America’s combination of rich natural resources, policy support, and growing domestic demand signals strong future potential. With continued investment and technological transfer, the region is well-positioned to become a vital player in the global lithium-ion battery market.

Recent Developments

  • In February 2024, Panasonic Energy Co., Ltd., a member of the Panasonic Group, announced the signing of a long-term supply agreement with H&T Recharge, a leading manufacturer of battery components. The agreement focuses on the supply of lithium-ion battery cans in North America and aims to enhance Panasonic's production capacity for safe electric vehicle (EV) batteries. 
  • In May 2025, SolarEdge unveiled a new solar-powered EV charging solution aimed at significantly lowering charging costs for business EV fleets. The launch includes a new EV charger suitable for both residential and commercial use, along with advanced energy management features for fleet operations. The system is designed to automatically determine the most cost-effective energy source—solar, battery storage, or the grid—for charging electric vehicles. 
  • In April 2025, ChargePoint, a leading provider of networked EV charging solutions, announced a next-generation advancement in AC Level 2 charging technology. The new product architecture introduces breakthrough features, including bidirectional charging and charging speeds up to twice as fast as standard AC Level 2 chargers. This upgraded platform will support models across North America and Europe, with versions tailored for commercial, residential, and fleet use.

Key Market Players

  • Panasonic Corporation
  • Samsung SDI Co., Ltd.
  • LG Energy Solution Ltd.
  • Contemporary Amperex Technology Co. Limited (CATL)
  • BYD Company Limited
  • Tesla, Inc.
  • Toshiba Corporation
  • A123 Systems LLC

By Component

By Application

By Capacity

By Region

  • Cathode
  • Anode
  • Electrolyte
  • Separator
  • Others
  • Electrical & Electronics
  • Automotive
  • Industrial
  • Others
  • 0-3,000 mAh
  • 3,000- 10,000 mAh
  • 10,000- 60,000 mAh
  • 100,000 mAh & Above
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Lithium-ion Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Lithium-ion Battery Market, By Component:

o   Cathode

o   Anode

o   Electrolyte

o   Separator

o   Others       

  • Lithium-ion Battery Market, By Application:

o   Electrical & Electronics

o   Automotive

o   Industrial

o   Others          

  • Lithium-ion Battery Market, By Capacity:

o   0-3,000 mAh

o   3,000- 10,000 mAh

o   10,000- 60,000 mAh

o   100,000 mAh & Above      

  • Lithium-ion Battery Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   South America

§  Brazil

§  Colombia

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Lithium-ion Battery Market.

Available Customizations:

Global Lithium-ion Battery Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Lithium-ion Battery Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    Global Lithium-ion Battery Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.   Market Share & Forecast

5.2.1.    By Component (Cathode, Anode, Electrolyte, Separator, Others)

5.2.2.    By Application (Electrical & Electronics, Automotive, Industrial, Others)

5.2.3.    By Capacity (0-3,000 mAh, 3,000- 10,000 mAh, 10,000- 60,000 mAh, 100,000 mAh & Above)

5.2.4.    By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

5.3.  By Company (2024)

5.4.  Market Map

6.    North America Lithium-ion Battery Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component

6.2.2.    By Application

6.2.3.    By Capacity

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Lithium-ion Battery Market Outlook

6.3.1.1.   Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2.   Market Share & Forecast

6.3.1.2.1. By Component

6.3.1.2.2. By Application

6.3.1.2.3. By Capacity

6.3.2.    Canada Lithium-ion Battery Market Outlook

6.3.2.1.   Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2.   Market Share & Forecast

6.3.2.2.1. By Component

6.3.2.2.2. By Application

6.3.2.2.3. By Capacity

6.3.3.    Mexico Lithium-ion Battery Market Outlook

6.3.3.1.   Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2.   Market Share & Forecast

6.3.3.2.1. By Component

6.3.3.2.2. By Application

6.3.3.2.3. By Capacity

7.    Europe Lithium-ion Battery Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Application

7.2.3.    By Capacity

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Lithium-ion Battery Market Outlook

7.3.1.1.   Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2.   Market Share & Forecast

7.3.1.2.1. By Component

7.3.1.2.2. By Application

7.3.1.2.3. By Capacity

7.3.2.    France Lithium-ion Battery Market Outlook

7.3.2.1.   Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2.   Market Share & Forecast

7.3.2.2.1. By Component

7.3.2.2.2. By Application

7.3.2.2.3. By Capacity

7.3.3.    United Kingdom Lithium-ion Battery Market Outlook

7.3.3.1.   Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2.   Market Share & Forecast

7.3.3.2.1. By Component

7.3.3.2.2. By Application

7.3.3.2.3. By Capacity

7.3.4.    Italy Lithium-ion Battery Market Outlook

7.3.4.1.   Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2.   Market Share & Forecast

7.3.4.2.1. By Component

7.3.4.2.2. By Application

7.3.4.2.3. By Capacity

7.3.5.    Spain Lithium-ion Battery Market Outlook

7.3.5.1.   Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2.   Market Share & Forecast

7.3.5.2.1. By Component

7.3.5.2.2. By Application

7.3.5.2.3. By Capacity

8.    Asia Pacific Lithium-ion Battery Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Application

8.2.3.    By Capacity

8.2.4.    By Country

8.3.  Asia Pacific: Country Analysis

8.3.1.    China Lithium-ion Battery Market Outlook

8.3.1.1.   Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2.   Market Share & Forecast

8.3.1.2.1. By Component

8.3.1.2.2. By Application

8.3.1.2.3. By Capacity

8.3.2.    India Lithium-ion Battery Market Outlook

8.3.2.1.   Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2.   Market Share & Forecast

8.3.2.2.1. By Component

8.3.2.2.2. By Application

8.3.2.2.3. By Capacity

8.3.3.    Japan Lithium-ion Battery Market Outlook

8.3.3.1.   Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2.   Market Share & Forecast

8.3.3.2.1. By Component

8.3.3.2.2. By Application

8.3.3.2.3. By Capacity

8.3.4.    South Korea Lithium-ion Battery Market Outlook

8.3.4.1.   Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2.   Market Share & Forecast

8.3.4.2.1. By Component

8.3.4.2.2. By Application

8.3.4.2.3. By Capacity

8.3.5.    Australia Lithium-ion Battery Market Outlook

8.3.5.1.   Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2.   Market Share & Forecast

8.3.5.2.1. By Component

8.3.5.2.2. By Application

8.3.5.2.3. By Capacity

9.    Middle East & Africa Lithium-ion Battery Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Application

9.2.3.    By Capacity

9.2.4.    By Country

9.3.  Middle East & Africa: Country Analysis

9.3.1.    Saudi Arabia Lithium-ion Battery Market Outlook

9.3.1.1.   Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2.   Market Share & Forecast

9.3.1.2.1. By Component

9.3.1.2.2. By Application

9.3.1.2.3. By Capacity

9.3.2.    UAE Lithium-ion Battery Market Outlook

9.3.2.1.   Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2.   Market Share & Forecast

9.3.2.2.1. By Component

9.3.2.2.2. By Application

9.3.2.2.3. By Capacity

9.3.3.    South Africa Lithium-ion Battery Market Outlook

9.3.3.1.   Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2.   Market Share & Forecast

9.3.3.2.1. By Component

9.3.3.2.2. By Application

9.3.3.2.3. By Capacity

10. South America Lithium-ion Battery Market Outlook

10.1.     Market Size & Forecast

10.1.1. By Value

10.2.     Market Share & Forecast

10.2.1. By Component

10.2.2. By Application

10.2.3. By Capacity

10.2.4. By Country

10.3.     South America: Country Analysis

10.3.1. Brazil Lithium-ion Battery Market Outlook

10.3.1.1.  Market Size & Forecast

10.3.1.1.1.  By Value

10.3.1.2.  Market Share & Forecast

10.3.1.2.1.  By Component

10.3.1.2.2.  By Application

10.3.1.2.3.  By Capacity

10.3.2. Colombia Lithium-ion Battery Market Outlook

10.3.2.1.  Market Size & Forecast

10.3.2.1.1.  By Value

10.3.2.2.  Market Share & Forecast

10.3.2.2.1.  By Component

10.3.2.2.2.  By Application

10.3.2.2.3.  By Capacity

10.3.3. Argentina Lithium-ion Battery Market Outlook

10.3.3.1.  Market Size & Forecast

10.3.3.1.1.  By Value

10.3.3.2.  Market Share & Forecast

10.3.3.2.1.  By Component

10.3.3.2.2.  By Application

10.3.3.2.3.  By Capacity

11.  Market Dynamics

11.1.     Drivers

11.2.     Challenges

12. Market Trends and Developments

12.1.     Merger & Acquisition (If Any)

12.2.     Product Launches (If Any)

12.3.     Recent Developments

13. Company Profiles

13.1.      Panasonic Corporation

13.1.1. Business Overview

13.1.2. Key Revenue and Financials 

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services Offered

13.2.     Samsung SDI Co., Ltd.

13.3.     LG Energy Solution Ltd.

13.4.     Contemporary Amperex Technology Co. Limited (CATL)

13.5.     BYD Company Limited 

13.6.     Tesla, Inc.   

13.7.     Toshiba Corporation

13.8.     A123 Systems LLC

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the global Lithium-ion Battery Market was USD 58.4 billion in 2024.

The Automotive segment is the fastest growing in the global Lithium-ion Battery Market, driven by the rapid adoption of electric vehicles (EVs) worldwide. Increasing environmental regulations, government incentives, and advancements in battery technology are fueling demand, making EVs the primary growth engine for lithium-ion battery consumption.

Key challenges in the global lithium-ion battery market include high production costs, raw material supply constraints, safety concerns like overheating and fires, and environmental impacts from battery disposal. Additionally, recycling complexities and the need for sustainable, efficient manufacturing processes hinder market growth and widespread adoption.

Major drivers of the global lithium-ion battery market include rising demand for electric vehicles, increasing use in consumer electronics, growth in renewable energy storage, and advancements in battery technology. Supportive government policies and environmental concerns also boost adoption, fueling market expansion worldwide.

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