Global Lithium-ion Battery Market Research Report: Forecast (2024-2030)

Lithium-ion Battery Market Report - By Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate, Lithium Titanate Oxide, Lithium Sulfur, Others), By End Users (Automotive, Consumer... ... utomotive, Consumer Electronics, Industrial, Power Grid Stations) Others Read more

  • Energy
  • Jun 2023
  • 197
  • PDF, Excel, PPT

Market Definition

A Lithium-ion battery, or Li-ion battery, is a rechargeable battery that utilizes the reversible reduction of lithium-ions to store energy. It is the predominant battery type in portable consumer electronics and electric vehicles. Lithium-ion batteries are currently used in most portable consumer electronics, such as cell phones and laptops, owing to their high energy per unit mass relative to other electrical energy storage systems.

Market Insights & Analysis: Global Lithium-ion Battery Market (2024-30)

The Global Lithium-ion Battery Market size was valued at USD 62 Billion in 2023 and is projected to reach USD 172 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 15.5% during the forecast period, i.e., 2024-30. The rapidly growing renewable energy sector has swiftly led to the persistent adoption of lithium-ion batteries in recent years. The large-scale incorporation of these batteries in several new applications has instigated investors to bring their focus to R&D and make a substantial investment toward the advancements.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 15.5%
Regions Covered North America: United States, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Europe: Germany, France, United Kingdom, Russia, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea,, Australia, Rest of Asia Pacific
Middle East & Africa: Israel, GCC, South Africa, Rest of The Middle East & Africa
Key Companies Profiled Samsung SDI, LG Chem Ltd., Hitachi Chemical Co., Ltd., Johnson Controls International PLC, Panasonic Corporation, Tesla Inc., BYD Company, A124 Systems, LLC, GS Yuasa Corporation Ltd., Saft, Yinlong Energy China Ltd., Toshiba Corporation, EnerDel, Inc., VARTA AG, and Others
Market Value (2023) USD 62 Billion
Market Value (2030) USD 172 Billion

 

Market behemoths such as Samsung SDI, LG Chem Ltd., Hitachi Chemical Co., Ltd., Johnson Controls International PLC, and Panasonic Corporation are making relentless investments in setting up lithium-ion battery plants and manufacturing units to expand their portfolios. Besides, the companies constantly seek collaboration with government agencies to level up their market presence. Apart from the key players, governments worldwide willing to sponsor energy and infrastructural development projects are anticipated to contribute to market growth in the coming years. For instance,

  • In 2022, BEL, Bharat Electronics Limited, in collaboration with NSTL (DRDO), has announced the production of indigenously developed lithium-ion battery cells for electric vehicles. BEL has built a pilot plant dedicated to the research and manufacturing of Li-Ion prismatic cells. BEL has designed three varieties of Li-Ion prismatic cells, 3.2V, 10 Ah / 25 Ah, using raw materials such as anode, cathode, electrolyte, solvents, binder, and so on. The application includes e-mobility, underwater, and remote power systems.

The preference for lithium-ion batteries has largely been demonstrated by automobiles and consumer electronics, primarily because of their longer shelf life and higher energy density. Since the cost of fossil fuels and gasoline has witnessed a surge in the past few years, electric vehicles are emerging as a better alternative to ICE vehicles. And, with more electric vehicles coming on the road, the demand for these batteries is anticipated to increase in the forecast period.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Executive Summary
  3. Impact of COVID-19 on Global Lithium-ion Battery Market
  4. Global Energy Storage Systems Outlook
  5. Global Lithium-ion Battery Market, By Recent Developments
    1. Technological Development
    2. Investments
    3. Applications
    4. OEMs
    5. Region
  6. Global Lithium-ion Battery Market Trends & Insights
  7. Global Lithium-ion Battery Market Dynamics
    1. Drivers
    2. Challenges
  8. Global Lithium-ion Battery Market Attractiveness- Porter’s Five Forces Analysis, 2024
    1. Industry Rivalry
    2. Buying Power of Buyers
    3. Buying Power of Suppliers
    4. Threat of Substitutes
    5. Threat of New Entrants 
  9. Global Lithium-ion Battery Market Regulations & Policies
  10. Global Lithium-ion Battery Market Hotspots & Opportunities
  11. Global Lithium-ion Battery Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Lithium Cobalt Oxide
        2. Lithium Manganese Oxide
        3. Lithium Iron Phosphate
        4. Lithium Titanate Oxide
        5. Lithium Sulfur
        6. Others (Lithium Nickel Cobalt, etc.)
      2. By End Users
        1. Automotive
        2. Consumer Electronics
        3. Industrial
        4. Power Grid Stations
        5. Others (Military & Defense, Marine, Data Centres, etc.)
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia Pacific
      4. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
  12. North America Lithium-ion Battery Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End Users
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    4. Canada Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    5. Mexico Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
  13. South America Lithium-ion Battery Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End Users
      3. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    4. Argentina Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
  14. Europe Lithium-ion Battery Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End Users
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Russia
        5. Rest of Europe
    3. Germany Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    4. The UK Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    5. France Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    6. Russia Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
  15. The Middle East & Africa Lithium-ion Battery Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End Users
      3. By Country
        1. Israel
        2. GCC
        3. South Africa
        4. Rest of The Middle East & Africa
    3. Israel Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    4. GCC Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    5. South Africa Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
  16. Asia Pacific Lithium-ion Battery Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End Users
      3. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific            
    3. China Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    4. Japan Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    5. India Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    6. South Korea Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    7. Australia Lithium-ion Battery Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
  17. Global Lithium-ion Battery Market Key Strategic Imperatives for Growth & Success
  18. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Samsung SDI
      2. LG Chem Ltd.
      3. Hitachi Chemical Co., Ltd.
      4. Johnson Controls International PLC
      5. Panasonic Corporation
      6. Tesla Inc.
      7. BYD Company
      8. A124 Systems, LLC
      9. GS Yuasa Corporation Ltd.
      10. Saft
      11. Yinlong Energy China Ltd.
      12. Toshiba Corporation
      13. EnerDel, Inc.
      14. VARTA AG
      15. Others
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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