Based on technology, Inkwood Research divided the battery market into 10 segments, of which the lithium-ion batteries held the largest market share in 2021, accounting for 49% of the market, valued at USD 54.6 billion. This segment will also grow the fastest, accelerating at a 19.5% CAGR.
As previously written, Inkwood Research estimates that lithium-ion batteries account for 49% of the total battery market, with a revenue of USD 54.6 billion in 2021. Markets and Markets valued the global lithium-ion battery market at USD 44.5 billion in 2022 and forecasted the market to grow to USD 135.1 billion by 2031, at a CAGR of 13.1%.
The power segment is expected to grow at the highest CAGR during the forecast period. The lithium-ion battery market for the power segment is expected to grow at the highest CAGR from 2021 to 2030. The need to fulfill the requirement for peak electricity demands is the major factor contributing to the growth of the segment.
The global battery market was valued at USD 84 billion in 2021, according to market data from The Business Research Company. The firm predicted that the market would grow to USD 139 billion by 2026, registering a 10.6% CAGR. This is an acceleration from the previous five-year period, where the market grew at 7.75% CAGR.
The lead-acid battery is the second biggest segment in the market. In 2021 this segment is controlling around 38% of the market share, valued at USD 43 billion. This segment will experience a growth at 13% CAGR, and its market value will reach USD 121 billion by 2030.
In 2030, the market for lithium-ion batteries is predicted to reach USD 257 billion, based on the forecast by Inkwood Research. Lithium-ion batteries are an eco-friendlier alternative to traditional sources of energy, which has significantly boosted their usage in electric vehicles and grid storage facilities.
LATEST LITHIUM-ION BATTERY MARKET TRENDS
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.
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Lithium Ion Battery Market [2021-2031]
The Lithium Ion Battery Market size is projected to reach US$ 184.21 billion by 2031 from US$ 59.20 billion in 2023. The market is expected to register a CAGR of 15.2% in 2023–2031. The …
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Global Lithium Ion Battery Market Report 2021, Featuring LG
The global Lithium Ion Battery Market is expected to grow from USD 40.5 billion in 2020 to USD 91.9 billion in 2026 with a compounded annual growth rate of 14.63%. Demand for electric...
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Lithium-ion Battery Market Report Highlights
Lithium-ion Battery Market Size, Share & Trends Analysis Report by Product (LCO, LFP, NCA, LMO, LTO, NMC), by Application (Consumer Electronics, Energy Storage Systems, Industrial), by Region, and Segment Forecasts, …
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Global Lithium Ion Battery Market Report 2021, Featuring LG
The global Lithium Ion Battery Market is expected to grow from USD 40.5 billion in 2020 to USD 91.9 billion in 2026 with a compounded annual growth rate of 14.63%. …
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Global Lithium ion Battery Market Report 2021 ...
"Technology Landscape, Trends and Opportunities in the Global Lithium ion Battery Market" This report analyzes technology maturity, degree of disruption, competitive …
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Lithium Iron Phosphate Battery Market Trends
The Asia Pacific dominated the Lithium Iron Phosphate Battery Market Share with a share of 49.47% in 2023. Lithium iron phosphate (LFP) battery is a lithium-ion rechargeable battery capable of charging and discharging at high speed compared to other types of batteries. LFP battery packs provide power density, high voltage, high energy density ...
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Lithium-ion battery
A lithium-ion or Li-ion battery is a type of rechargeable battery that uses the reversible intercalation of Li + ions into electronically conducting solids to store energy. In comparison with other commercial rechargeable batteries, Li-ion batteries are characterized by higher specific energy, higher energy density, higher energy efficiency, a longer cycle life, and a longer …
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Global Lithium-Ion Battery Market (2021 to 2030)
The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030.
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Lithium-ion batteries
Size of the global market for lithium-ion battery metals in 2021, with a forecast for 2031, by end-use segment (in million U.S. dollars)
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Global Battery Market Keeps Expanding to Reach USD 424
Based on technology, Inkwood Research divided the battery market into 10 segments, of which the lithium-ion batteries held the largest market share in 2021, accounting for 49% of the market, valued at USD 54.6 billion. This segment will also grow the fastest, accelerating at a 19.5% CAGR.
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Lithium-Ion Battery Market Report 2021-2031
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of COVID on lithium ion batteries project profiles and...
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Lithium Market Size, Share, Growth Forecast | Analysis [2032]
According to the European Automobile Manufacturers Association (ACEA), Europe''s battery electric vehicles hold 12.1% of the total market share, compared to 9.1%in 2021 or 1.9%in 2019. Latin America accounts for around 70% of the world''s lithium reserves, where the metal is used in rechargeable batteries for EVs and mobile phones.
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Lithium-ion Battery Market Size & Trends
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. …
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Global Lithium-Ion Battery Market (2021 to 2030)
The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from …
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Global Battery Market Keeps Expanding to Reach USD 424
In the "Status of Lithium-ion battery 2021" report, Yole analyses three key battery market segments: consumer applications, e-mobility, and stationary battery storage. In addition, …
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Lithium-ion Battery Market Size, Share, Growth & Industry …
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.
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Lithium-ion Battery Market Size to Hit USD 387.05 Bn by 2032
Asia-Pacific dominated the lithium-ion battery market in 2022 with revenue share of 47%. During the forecast period, the Asia-Pacific lithium-ion battery market is poised to grow at a CAGR of 17.03% and will reach at USD 52.65 billion by 2024. China leads the lithium-ion battery market in Asia-Pacific region. China is considered as production ...
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Global Lithium-ion Battery Market Report 2021: Industry Trends, …
"Lithium-ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" The global lithium-ion battery market reached a value of …
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The global lithium-ion battery market size is projected to grow …
The growth of the lithium-ion battery market is majorly driven by surging requirement for continuous power supply from critical infrastructures in wake of COVID-19, …
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High concentration from resources to market heightens risk for …
The energy and environmental crises are driving a boom in the new-energy industry, and electric vehicles will play an integral role in achieving net-zero emissions, globally (IEA 2021).As the most critical component and main power source of new-energy vehicles currently and into the foreseeable future, the lithium-ion battery accounts for about 30% of the …
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Global Lithium ion Battery Market Report 2021 ...
"Technology Landscape, Trends and Opportunities in the Global Lithium ion Battery Market" This report analyzes technology maturity, degree of disruption, competitive intensity, market...
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Lithium-Ion Battery Market Report 2021-2031
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of COVID on lithium ion batteries project …
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Global Lithium-ion Battery Market Report 2021: Industry …
"Lithium-ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" The global lithium-ion battery market reached a value of US$ 34.1 Billion...
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Lithium Ion Battery Market [2021-2031]
The Lithium Ion Battery Market size is projected to reach US$ 184.21 billion by 2031 from US$ 59.20 billion in 2023. The market is expected to register a CAGR of 15.2% in 2023–2031. The automotive sector is predicted to increase significantly …
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The global lithium-ion battery market size is projected to grow …
The growth of the lithium-ion battery market is majorly driven by surging requirement for continuous power supply from critical infrastructures in wake of COVID-19, increasing demand for plug-in...
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STATUS OF THE RECHARGEABLE LI-ION BATTERY INDUSTRY 2021
In the "Status of Lithium-ion battery 2021" report, Yole analyses three key battery market segments: consumer applications, e-mobility, and stationary battery storage. In addition, market and technology trends for the different. applications and their battery characteristic requirements are …
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Global Lithium-Ion Battery Market (2021 to 2030)
The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030....
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