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Report Highlights
The global market for lithium-ion battery (LIB) is expected to grow from $117.8 billion in 2024 and is projected to reach $221.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.5% during the forecast period of 2024 to 2029.
Report Includes
- 56 data tables and 48 additional tables
- An overview of the global market for lithium-ion batteries (LIBs)
- Analyses of the global market trends, with sales data for 2023, estimates for 2024, forecasts for 2025, 2028, and projections of compound annual growth rates (CAGRs) through 2029
- Evaluation of and forecast for the LIB battery market (in USD millions), and a corresponding market share analysis by type, component, capacity, application and region
- Facts and figures concerning the factors influencing the market with respect to growth trends, emerging technologies, and industry challenges
- Coverage of the regulatory framework and initiatives by governments, as well as safety concerns about the transport and storage of used LIBs
- Assessment of regional market breakdowns with subregional breakdowns for countries with promising LIB industries
- A discussion of the industry’s ESG challenges and practices
- Market share analysis of the key companies and coverage of their proprietary technologies, strategic alliances, and other market strategies
- Profiles of the leading companies, including Contemporary Amperex Technology Co. Ltd. (CATL), BYD Company Ltd., LG Energy Solutions, Samsung SDI, and CALB
Report Scope
This report analyzes different components in the global lithium-ion battery (LIB) market, including cathode, anode, electrolyte, separator and others (packaging materials, Au/Cu foil, etc.). It also examines different types of LIBs, including lithium nickel manganese cobalt (NMC), lithium iron phosphate (LFP), lithium nickel cobalt aluminum oxide (NCA) and others (lithium cobalt oxide [LCO], lithium titanate oxide [LTO], lithium manganese oxide [LMO]). The report also reviews different applications in the industry, including automotive, consumer electronics, energy storage systems (ESS) and others (industrial, medical devices, aerospace and telecommunications). The global LIB market is segmented by capacity, including below 3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and 60,000 mAh and above.
Additionally, the report analyzes emerging technologies and developments, trends, competitive landscape and market dynamics. It also features a patent analysis of the LIB market, a chapter on environmental, social, and governance (ESG) considerations in development, and an examination of macroeconomic factors and emerging technologies. The report also includes a regional analysis of the markets in North America, Europe, Asia-Pacific and the Rest of the World (RoW, which includes South America, Middle East and Africa). Finally, it offers in-depth profiles of leading companies in the global market.
This analysis uses 2023 as its base year, with estimates for 2024 and forecasts through 2029. All market values are reported in U.S. dollars (USD) in millions.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $109.9 billion | ||||||||||||||||
| Market size forecast | $221.7 billion | ||||||||||||||||
| Growth rate | CAGR of 13.5% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Type, Component, Capacity, Application, and Region | ||||||||||||||||
| Regions covered | North America, Asia-Pacific, Europe, and Rest of the World (RoW) | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, France, Germany, the U.K., Italy, Netherlands, South Korea, Japan, India, and China, Middle East & Africa, South America | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Need for an alternative to LIB that is more cost-effective
- Global sales of electric cars are on the rise.
- Growing demand for energy storage applications using repurposed LIBs.
- Falling LIB prices facilitating increased deployment in EVs.
- Government support for transportation electrification.
- Grid-level use of LIBs interfaces with renewable sources of energy.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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