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. Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries.
Need a Custom Report? The global lithium market size was valued at USD 38.2 billion in 2022 and is projected to reach a value of USD 230.4 billion by 2031, registering a CAGR of 22.1% during the forecast period (2023-2031). Vehicle electrification is expected to attract a considerable volume of lithium-ion batteries, driving lithium market growth.
The size of the global lithium-ion battery market was worth USD 68.40 billion in 2023. The global market is anticipated to grow at a CAGR of 14% from 2024 to 2029 and be worth USD 150.14 billion by 2029 from USD 77.98 billion in 2024.
Several additional trends are expanding lithium’s role in the clean energy landscape, each with the potential to accelerate demand further: The future of lithium is closely tied to advancements in battery technology. Researchers and manufacturers continuously work towards enhancing lithium-ion batteries' performance, capacity, and safety.
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
North America is poised to register tremendous growth in its share of the lithium-ion battery. This is due to rising energy demand in the region. It was reported that California (USA) surpassed the 10-gigawatt battery storage limit in May 2024. It is increasing the huge volume of battery power storage.
Lithium Market Growth, Forecast & Analysis by forecast 2031
The global lithium market size was valued at USD 38.2 billion in 2022 and is projected to reach a value of USD 230.4 billion by 2031, registering a CAGR of 22.1% during the forecast period (2023-2031). Vehicle electrification is expected to attract a considerable volume of lithium-ion batteries, driving lithium market growth.
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The Future of Lithium: Trends and Forecast
The future of lithium is closely tied to advancements in battery technology. Researchers and manufacturers continuously work towards enhancing lithium-ion batteries'' performance, capacity, and safety. From solid-state batteries to new electrode materials, the race for innovation in lithium battery technology is relentless. Lithium Harvest ...
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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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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 …
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Lithium-ion battery demand forecast for 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 …
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Lithium: The big picture
The local results of mining for a lithium-based future are clear. How many lithium batteries are worth the life in the desert? Alejandro Gonza´lez Centre for Research on Multinational Corporations The lithium battery paradox Lithium production is expected to skyrocket 500% by 2050, driven mostly by demand for batteries used in electric ...
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Lithium Ion Battery Market Report
"The global lithium-ion battery market size was estimated at USD 47.83 billion in 2022 and is likely to grow at a CAGR of 15.19% during 2023-2028 to reach USD 111.79 billion in 2028." Want to know more about the market scope? Register Here. A lithium-ion (Li-ion) battery is abbreviated as LIB. It is a type of rechargeable battery.
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Lithium-ion battery demand forecast for 2030 | McKinsey
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.
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Global Lithium-Ion Battery Market 2024–2033
According to Custom Market Insights (CMI), The Global Lithium-Ion Battery Market size was estimated at USD 42.5 billion in 2021 and is expected to reach USD 48.80 billion in 2022 and is anticipated to reach around USD 184.15 billion by 2030, growing at a CAGR of roughly 18.5% between 2022 and 2030.
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Global Lithium-Ion Battery Market 2024–2033
According to Custom Market Insights (CMI), The Global Lithium-Ion Battery Market size was estimated at USD 42.5 billion in 2021 and is expected to reach USD 48.80 billion in 2022 and is anticipated to reach around USD 184.15 …
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Lithium-ion Battery Market Size, Share & Growth, 2032
The size of the global lithium-ion battery market was worth USD 68.40 billion in 2023. The global market is anticipated to grow at a CAGR of 14% from 2024 to 2029 and be worth USD 150.14 …
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The Future of Lithium
The Future of Lithium-ion Battery Technology: Chemistries, Comparisons, and the Close Prospects 3rd May, 2024 . By: UK. Ulf ... The stationary battery market is seeing a transition from lead to lithium, and with the commercialization of new materials like solid-state batteries, lithium is poised to dominate further. Nonetheless, sodium-ion batteries have …
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Lithium-ion Battery Market Size, Share & Growth, 2032
The size of the global lithium-ion battery market was worth USD 68.40 billion in 2023. The global market is anticipated to grow at a CAGR of 14% from 2024 to 2029 and be worth USD 150.14 billion by 2029 from USD 77.98 billion in 2024.
Learn More
Lithium-ion Battery Market Size, Share, Industry Insights
How much was the lithium-ion battery market worth in 2023? As per a study by Fortune Business Insights, the global market size stood at USD 64.84 billion in 2023. At what compound annual growth rate (CAGR) will increase the global lithium-ion battery market is projected to grow in the forecast period?
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Lithium-ion Battery Market Size, Share and Growth …
The global lithium-ion battery market size is expected to grow from USD 56.8 billion in 2023 to USD 187.1 billion by 2032, growing at a CAGR of 14.2% during the forecast period from 2023 to 2032.
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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. Automotive sector is expected to witness significant growth owing …
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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. Automotive sector is expected to witness significant …
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U.S. Battery Market Size And Share | Industry Report, 2030
U.S. Battery Market Size & Trends. The U.S. battery market size was estimated at USD 16.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.8% from 2024 to 2030. Cutting-edge batteries are vital for multiple commercial markets, including stationary storage systems, electric vehicles, and aviation.
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The future development trend of the lithium-ion battery market.
li-ion battery Why use the Additives for Lithium-Ion Batteries? 2020.12.16 Adding additives to the electrolyte of lithium-ion batteries has greatly improved the characteristics and excellence of the electrolyte, as well as the composition of the SEI film. .; li-ion battery Professional lithium-ion battery electrolytes R&D and manufacturing –HOPAX Fine Chemicals …
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New Battery Technology for the Future
Explore the future of battery technology. Lithium-ion batteries dominate today''s rechargeable battery industry. Demand is growing quickly as they are adopted in electric vehicles and grid energy storage applications. However, a wave of new improvements to today''s conventional battery technologies are on the horizon and will eventually be adopted in most major end …
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Lithium Ion Battery Market Report
"The global lithium-ion battery market size was estimated at USD 47.83 billion in 2022 and is likely to grow at a CAGR of 15.19% during 2023-2028 to reach USD 111.79 billion in 2028." Want to know more about the market scope? Register …
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Lithium Market Size, Share, Growth Forecast | Analysis …
The global lithium market size was valued at USD 22.19 billion in 2023 and is projected to grow from USD 26.88 billion in 2024 to USD 134.02 billion by 2032 at a CAGR of 22.1% during the 2024-2032 forecast period.
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A non-academic perspective on the future of lithium-based batteries
In the field of lithium-based batteries, there is often a substantial divide between academic research and industrial market needs. This is in part driven by a lack of peer-reviewed publications ...
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Prospects for lithium-ion batteries and beyond—a 2030 vision
The route from a lab-scale development to market is long, and since this comment focusses on a 2030 vision, we highlight research likely to impact our world in the current decade, but then touch ...
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Battery Market Size, Share & Growth | Industry Report, 2030
Battery Market Size & Trends. The global battery market size was estimated at USD 134,622.4 million in 2024 and is projected to grow at a CAGR of 16.4% from 2025 to 2030. The increasing adoption of electric vehicles (EVs) is a significant factor driving the growth of the market.
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Lithium Market Growth, Forecast & Analysis by forecast 2031
The global lithium market size was valued at USD 38.2 billion in 2022 and is projected to reach a value of USD 230.4 billion by 2031, registering a CAGR of 22.1% during …
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Lithium-ion Battery Market Size, Share, Industry Insights
How much was the lithium-ion battery market worth in 2023? As per a study by Fortune Business Insights, the global market size stood at USD 64.84 billion in 2023. At what …
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