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.
China had the highest lithium-ion batteries revenue opportunities, with a combined amount of approximately 185 billion U.S. dollars forecast for 2030. Get notified via email when this statistic is updated. You only have access to basic statistics. This statistic is not included in your account. Business Solutions including all features.
Lithium-ion batteries have revolutionized our everyday lives, laying the foundations for a wireless, interconnected, and fossil-fuel-free society. Their potential is, however, yet to be reached.
Their potential is, however, yet to be reached. It is projected that between 2022 and 2030, the global demand for lithium-ion batteries will increase almost seven-fold, reaching 4.7 terawatt-hours in 2030.
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
Asia-Pacific dominated the lithium-ion battery market with a market share of 48.45% in 2023. The COVID-19 pandemic affected growth of this market during 2020. The outbreak of COVID-19 has restricted the supply of batteries.