Please Wait.....
Report
Lithium-ion Battery Market by Battery Type (NMC, LFP, LCO, LTO, LMO, NCA), Cell Type (Prismatic, Pouch, Cylindrical), Capacity (<50 kWh, 50-100 kWh, >100 kWh), Energy Storage (Residential, Utilities) Consumer Electronics, Medical - Global Forecast to 2033
Market Report I 2025-06-17 I 321 Pages I MarketsandMarkets
With a CAGR of 10.3%, the global lithium-ion battery market is projected to grow from USD 194.66 billion in 2025 to USD 426.37 billion by 2033. Market growth will be driven by the accelerating shift toward electrification across transportation, industrial, and energy sectors, coupled with ongoing advancements in battery performance, energy density, and charging efficiency. Increasing adoption of electric vehicles and the need for high-performance energy storage systems to support grid stability and industrial operations are key growth drivers. Enhanced battery management systems and innovations in manufacturing processes contribute to improved safety, cost optimization, and lifecycle performance. Additionally, government-backed initiatives to build localized battery supply chains and support large-scale battery production fuel investment across the value chain. As industries prioritize sustainability, efficiency, and energy resilience, the demand for lithium-ion batteries is poised to rise significantly across diverse end-use applications.
"Growing adoption of NMC batteries to support lithium-ion battery market growth"
Lithium nickel manganese cobalt (NMC) batteries are projected to grow significantly in the lithium-ion battery market, driven by their high energy density, long cycle life, and strong thermal stability. These batteries strike an optimal balance of performance and cost, making them ideal for electric vehicles, power tools, medical devices, and industrial equipment. Ongoing efforts to reduce cobalt content are enhancing affordability and addressing sustainability concerns. Their ability to deliver reliable, high-capacity power in compact form factors supports their expanding use across automotive and energy storage systems. As industries prioritize lightweight, efficient, and long-lasting energy solutions, NMC batteries are emerging as a versatile and scalable option, reinforcing their position as a core technology in the evolving battery landscape.
"Rising energy storage demand fuels expansion of lithium-ion battery market"
Energy storage is poised to be the fastest-growing application in the lithium-ion battery market, driven by escalating demand for reliable, flexible, and cost-efficient energy solutions. Increasing grid instability, challenges in peak load management, and the critical need for uninterrupted backup power fuel the large-scale deployment of lithium-ion battery storage systems across utilities and industrial sectors. These systems enable optimized energy management by storing excess power during low-demand periods and delivering it during peak consumption, which helps reduce operational costs and strengthen grid resilience. The inherent scalability, rapid response times, and long service life of lithium-ion batteries make them ideal for both front-of-the-meter and behind-the-meter applications. Accelerated investments in grid modernization, renewable energy integration, and smart infrastructure boost adoption. As energy storage becomes increasingly central to the transformation of power systems, lithium-ion batteries will continue to play a pivotal role in enabling sustainable and efficient energy management worldwide.
" Expanding EV adoption and renewable investments to drive Asia Pacific's dominance in lithium-ion battery market"
The Asia Pacific region is expected to register the highest CAGR in the lithium-ion battery market during the forecast period, fueled by rapid growth in electric vehicle adoption and significant investments in renewable energy projects. Leading countries such as China, India, Japan, and South Korea are aggressively expanding their battery manufacturing capacities and technological capabilities. Government incentives supporting clean energy and energy storage solutions further accelerate market growth. Additionally, the region benefits from a well-established supply chain, abundant raw material availability, and ongoing infrastructure development. Moreover, as this region undertakes major manufacturing of Li-ion batteries, the adoption rate has seen an upward trend due to the cost minimization of these batteries. These factors collectively position Asia Pacific to lead global demand and innovation in lithium-ion battery technologies, making it the dominant region in the market over the coming years.
Breakdown of primaries
A variety of executives from key organizations operating in the lithium-ion battery market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
- By Company Type: Tier 1 -52%, Tier 2 - 31%, and Tier 3 - 17%
- By Designation: Directors - 31%, C-level Executives - 47%, and Others - 22%
- By Region: North America - 35%, Europe - 21%, Asia Pacific - 37%, and RoW - 7%
Note: Three tiers of companies are defined based on their total revenue as of 2024: tier 3 = revenue less than USD 500 million; tier 2 = revenue between USD 500 million and USD 5 billion; and tier 1 = revenue more than USD 5 billion. Other designations include sales, marketing, and product managers.
Major players profiled in this report are as follows: LG Energy Solution (South Korea), Samsung SDI (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Ltd. (China), Contemporary Amperex Technology Co., Limited (China), BAK Power (China), CALB (China), CLARIOS (US), EnerSys (US), EVE Energy Co., Ltd. (China), Gotion, Inc. (China), GS Yuasa Corporation (Japan), Mitsubishi Electric Corporation (Japan), SK Innovation Co., Ltd. (South Korea), Tesla (US), Toshiba Corporation (Japan), Sunwoda Electronic Co., Ltd. (China), VARTA AG (Germany), AESC GROUP LTD. (Japan), Amperex Technology Limited (China), Amprius Technologies (US), Enovix Corporation (US), Farasis Energy (GanZhou) Co., Ltd. (China), Group14 Technologies, Inc. (US), Ipower Batteries Private Limited (India), Leclanche SA (Switzerland), LITHIUMWERKS (Netherlands), Lyten, Inc. (US), NexTech Batteries (US), PolyPlus Battery Company (US), Saft (France), Sila Nanotechnologies, Inc. (US) and SolarEdge (Israel). These leading companies possess a wide portfolio of products, establishing a prominent presence in established as well as emerging markets.
The study provides a detailed competitive analysis of these key players in the lithium-ion battery market, presenting their company profiles, most recent developments, and key market strategies.
Research Coverage
This report segments the lithium-ion battery market based on battery type, application, and region. The battery type segment includes lithium nickel manganese cobalt oxide (NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO), and lithium nickel cobalt aluminum oxide (NCA). The application segment comprises electric vehicles (EVs), energy storage, industrial, consumer electronics, medical, and other applications, which include aerospace, marine, and telecommunications. The market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World (RoW).
Reasons to Buy the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the lithium-ion battery market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
Key Benefits of Buying the Report
- Analysis of key Drivers (Shift toward zero-emission vehicles due to clean mobility agenda, growing preference for LFP batteries among electric vehicle manufacturers, widespread adoption of battery-operated material handling equipment is in industrial applications, growing adoption of wearable devices), Restraints (Safety concerns and high recycling and disposal costs), Opportunities (new era of renewable energy capacity and storage innovations, accelerated R&D efforts to advance lithium-ion battery technologies, significant decline in costs of Li-ion batteries), and Challenges (Competition from emerging technologies such as sodium-ion and flow batteries, increased tariffs on Chinese EVs in Europe and North America, technical issues and battery performance-related challenges, managing financial risks and market disruptions witnessed by global battery manufacturers) influencing the growth of the lithium-ion battery market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the lithium-ion battery market
- Market Development: Comprehensive information about lucrative markets by analyzing the lithium-ion battery market across varied regions
- Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the lithium-ion battery market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Contemporary Amperex Technology Co., Limited. (China), LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Ltd. (China), and Samsung SDI (South Korea), among others.
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 33
1.3.2 YEARS CONSIDERED 34
1.3.3 INCLUSIONS AND EXCLUSIONS 34
1.4 CURRENCY CONSIDERED 35
1.5 UNIT CONSIDERED 35
1.6 LIMITATIONS 35
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
2.1.1 SECONDARY AND PRIMARY RESEARCH 38
2.1.2 SECONDARY DATA 39
2.1.2.1 List of major secondary sources 39
2.1.2.2 Key data from secondary sources 40
2.1.3 PRIMARY DATA 40
2.1.3.1 Primary interviews with experts 40
2.1.3.2 Key primary interview participants 41
2.1.3.3 Key data from primary sources 41
2.1.3.4 Key industry insights 41
2.1.3.5 Breakdown of primaries 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 TOP-DOWN APPROACH 42
2.2.1.1 Estimation of market size using top-down approach 43
2.2.2 BOTTOM-UP APPROACH 43
2.2.2.1 Estimation of market size using bottom-up approach 43
2.3 DATA TRIANGULATION 45
2.4 RESEARCH ASSUMPTIONS 46
2.5 RESEARCH LIMITATIONS 46
2.6 RISK ANALYSIS 47
3 EXECUTIVE SUMMARY 48
?
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY MARKET 51
4.2 LITHIUM-ION BATTERY MARKET, BY APPLICATION 51
4.3 LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY 52
4.4 LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 52
4.5 LITHIUM-ION BATTERY MARKET, BY COUNTRY 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
5.2.1 DRIVERS 55
5.2.1.1 Transition to zero-emission vehicles due to clean mobility agenda 55
5.2.1.2 Growing preference for LFP batteries among EV manufacturers 56
5.2.1.3 Widespread deployment of battery-operated material handling equipment in industrial applications 56
5.2.1.4 Surging demand for wearable devices 57
5.2.2 RESTRAINTS 58
5.2.2.1 Safety concerns and high recycling and disposal costs 58
5.2.3 OPPORTUNITIES 59
5.2.3.1 New era of renewable energy capacity and storage innovations 59
5.2.3.2 Accelerated R&D efforts to develop advanced Li-ion batteries 61
5.2.3.3 Anticipated decline in costs of Li-ion batteries 61
5.2.4 CHALLENGES 62
5.2.4.1 Competition from emerging technologies such as sodium-ion and flow batteries 62
5.2.4.2 Increased tariffs on Chinese EVs in Europe and North America 62
5.2.4.3 Technical issues and battery performance-related challenges 63
5.2.4.4 Financial risks and market disruptions witnessed by battery manufacturers 63
5.3 VALUE CHAIN ANALYSIS 66
5.4 ECOSYSTEM ANALYSIS 68
5.5 PRICING ANALYSIS 71
5.5.1 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, 2021-2033 71
5.5.2 PRICING RANGE OF LITHIUM-ION BATTERY PACKS, BY KEY PLAYER, 2024 72
5.5.3 AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES, 2021-2024 72
5.5.4 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, BY REGION, 2021-2024 73
5.6 KEY INSIGHTS RELATED TO LITHIUM-ION BATTERY INDUSTRY 74
5.6.1 TOP LITHIUM-PRODUCING COUNTRIES 74
5.6.2 LITHIUM-ION BATTERY MANUFACTURING CAPACITY, BY COUNTRY,
2022 VS. 2025 VS. 2030 75
5.6.3 LIST OF CURRENTLY OPERATIONAL AND UPCOMING GIGAFACTORIES 75
?
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 77
5.8 INVESTMENT AND FUNDING SCENARIO 78
5.9 TECHNOLOGY ANALYSIS 80
5.9.1 KEY TECHNOLOGIES 80
5.9.1.1 Lithium-sulfur batteries 80
5.9.1.2 Lithium-silicon batteries 80
5.9.1.3 Solid-state batteries 80
5.9.2 ADJACENT TECHNOLOGIES 81
5.9.2.1 Flow batteries 81
5.9.2.1.1 Vanadium flow batteries 81
5.9.2.1.2 Zinc-bromine flow batteries 81
5.9.2.2 Zinc batteries 81
5.9.2.2.1 Nickel-zinc batteries 82
5.9.2.2.2 Zinc-ion batteries 82
5.9.2.3 Sodium-ion batteries 82
5.9.2.4 Liquid-metal batteries 82
5.9.3 COMPLEMENTARY TECHNOLOGIES 83
5.9.3.1 Battery management systems 83
5.9.3.2 Energy management system 83
5.10 PORTER'S FIVE FORCES ANALYSIS 83
5.10.1 BARGAINING POWER OF SUPPLIERS 84
5.10.2 BARGAINING POWER OF BUYERS 84
5.10.3 THREAT OF NEW ENTRANTS 85
5.10.4 THREAT OF SUBSTITUTES 85
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 85
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 85
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 85
5.11.2 BUYING CRITERIA 86
5.12 CASE STUDY ANALYSIS 87
5.12.1 TOYOTA MATERIAL HANDLING HELPS REDUCE EQUIPMENT DOWNTIME BY REPLACING LEAD-ACID BATTERIES WITH LITHIUM-ION TECHNOLOGY 87
5.12.2 LITHION'S LIFEPO? U-CHARGE BATTERY MODULES ALLOW MEDICAL EQUIPMENT MANUFACTURER INCREASE EFFICIENCY AND RELIABILITY OF MEDICAL DEVICES 87
5.12.3 EV MANUFACTURER ACHIEVES ENHANCED SAFETY AND IMPROVED RUN TIME BY REPLACING NIMH BATTERIES WITH LITHION'S LIFEPO? BATTERY MODULES 88
5.13 TRADE ANALYSIS 88
5.13.1 IMPORT SCENARIO (HS CODE 850650) 88
5.13.2 EXPORT SCENARIO (HS CODE 850650) 89
5.14 PATENT ANALYSIS 91
5.15 KEY CONFERENCES AND EVENTS, 2025-2026 94
5.16 REGULATORY LANDSCAPE 95
5.16.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
5.16.2 STANDARDS 98
5.17 IMPACT OF GEN AI/AI 100
5.17.1 INTRODUCTION 100
5.17.2 IMPACT OF AI ON LITHIUM-ION BATTERY MARKET 101
5.17.3 TOP USE CASES AND MARKET POTENTIAL 101
5.18 IMPACT OF 2025 US TARIFF 103
5.18.1 INTRODUCTION 103
5.18.2 KEY TARIFF RATES 104
5.18.3 PRICE IMPACT ANALYSIS 105
5.18.4 IMPACT ON COUNTRY/REGION 105
5.18.4.1 US 105
5.18.4.2 Europe 106
5.18.4.3 Asia Pacific 107
5.18.5 IMPACT ON APPLICATIONS 108
6 MATERIALS USED IN LITHIUM-ION BATTERIES 109
6.1 INTRODUCTION 109
6.2 CATHODE 109
6.2.1 CATHODE MATERIALS FOR LITHIUM-ION BATTERIES 110
6.2.1.1 Lithium iron phosphate 110
6.2.1.2 Lithium cobalt oxide 110
6.2.1.3 Lithium nickel manganese cobalt 110
6.2.1.4 Lithium nickel cobalt aluminum oxide 110
6.2.1.5 Lithium manganese oxide 111
6.3 ANODE 111
6.3.1 ANODE MATERIALS FOR LITHIUM-ION BATTERIES 111
6.3.1.1 Natural graphite 111
6.3.1.2 Artificial graphite 111
6.3.1.3 Other anode materials 112
6.4 ELECTROLYTE 112
6.5 SEPARATOR 112
6.6 CURRENT COLLECTOR 112
6.7 OTHER MATERIALS 113
7 LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE 114
7.1 INTRODUCTION 115
7.2 NMC 117
7.2.1 LOWER SELF-HEATING RATE TO ACCELERATE ADOPTION 117
7.3 LFP 119
7.3.1 LONG LIFESPAN AND LOW MAINTENANCE REQUIREMENTS TO BOOST DEMAND 119
7.4 LCO 121
7.4.1 RISING USE IN PORTABLE ELECTRONICS TO DRIVE MARKET 121
7.5 LTO 123
7.5.1 HIGH SECURITY AND STABILITY DUE TO LOW OPERATING VOLTAGE TO BOOST DEMAND 123
7.6 LMO 125
7.6.1 ENHANCED THERMAL STABILITY AND SAFETY TO ACCELERATE ADOPTION 125
7.7 NCA 127
7.7.1 POWER AND AUTOMOTIVE INDUSTRIES TO CONTRIBUTE MOST TO MARKET GROWTH 127
8 LITHIUM-ION BATTERY MARKET, BY APPLICATION 130
8.1 INTRODUCTION 131
8.2 EVS 133
8.2.1 GROWING ADOPTION OF ELECTRIC VEHICLES TO DRIVE MARKET 133
8.2.2 BY BATTERY CAPACITY 134
8.2.2.1 Below 50 kWh 134
8.2.2.1.1 Increasing consumer awareness regarding zero-emission transportation to boost demand 134
8.2.2.2 50-100 kWh 134
8.2.2.2.1 Rising demand for SUVs and electric vans to fuel segmental growth 134
8.2.2.3 Above 100 kWh 134
8.2.2.3.1 Growing use of high-capacity batteries in heavy-duty and industrial vehicles and commercial EVs to support market growth 134
8.2.3 BY BATTERY TYPE 135
8.2.4 BY BATTERY FORM 136
8.2.4.1 Prismatic 137
8.2.4.1.1 Excellence in thermal management and long cycle lift to accelerate demand by EV manufacturers 137
8.2.4.2 Pouch 137
8.2.4.2.1 High power output and adaptability to varying vehicle architectures and designs to boost demand 137
8.2.4.3 Cylindrical 137
8.2.4.3.1 High energy density, effective thermal management, and ease of integration within battery packs to spur demand 137
8.2.5 BY VEHICLE TYPE 138
8.2.5.1 Passenger cars 138
8.2.5.1.1 Rising investments in electrification of transportation sector to support market growth 138
8.2.5.2 Vans/Light trucks 139
8.2.5.2.1 Government incentives for clean transportation to create lucrative opportunities 139
?
8.2.5.3 Medium & heavy trucks 139
8.2.5.3.1 Transition to sustainable logistics to fuel market growth 139
8.2.5.4 Buses 139
8.2.5.4.1 Increasing deployment of electric buses in urban areas to contribute to market growth 139
8.2.5.5 Off-highway vehicles 140
8.2.5.5.1 Tightening emission regulations and sustainability targets to spike demand 140
8.2.6 BY REGION 140
8.3 ENERGY STORAGE 144
8.3.1 GROWING IMPLEMENTATION OF LI-ON BATTERIES IN RESIDENTIAL AND GRID-SCALE ENERGY STORAGE APPLICATIONS TO DRIVE MARKET 144
8.3.2 BY BATTERY CAPACITY 145
8.3.2.1 Below 30 kWh 145
8.3.2.1.1 Need for reliable backup power by homeowners to stimulate demand 145
8.3.2.2 30 kWh-10 MWh 145
8.3.2.2.1 Integration of renewable energy into commercial facilities and industrial plants to boost adoption 145
8.3.2.3 Above 10 MWh 145
8.3.2.3.1 Transition toward cleaner energy mix to create growth opportunities 145
8.3.3 BY BATTERY TYPE 146
8.3.4 BY CONNECTION TYPE 147
8.3.5 BY END USE 148
8.3.5.1 Residential 148
8.3.5.1.1 Growing interest in residential battery storage for cost reduction and sustainable living to spike demand 148
8.3.5.2 Commercial & industrial 148
8.3.5.2.1 Surging use of UPS in data centers, factories, and hospitals to fuel market growth 148
8.3.5.3 Utilities 149
8.3.5.3.1 Increasing reliance of utility operators on energy storage systems to ensure reliable power supply to drive market 149
8.3.6 BY REGION 149
8.4 INDUSTRIAL 153
8.4.1 INCREASING DEPLOYMENT OF ELECTRIFIED SYSTEMS SUPPORTING AUTOMATED OPERATIONS TO PROPEL MARKET 153
8.4.2 BY TYPE 153
8.4.2.1 Material handling equipment 153
8.4.2.2 Mining equipment 154
8.4.2.3 Low-speed electric vehicles 154
8.4.2.4 Industrial tools 154
8.4.3 BY BATTERY CAPACITY 154
8.4.3.1 Below 50 kWh 155
8.4.3.1.1 Increasing deployment of LSEVs in warehouses, campuses, and manufacturing facilities to fuel segmental growth 155
8.4.3.2 50-100 kWh 155
8.4.3.2.1 Ability to fast charge and support multi-shift operations to increase adoption 155
8.4.3.3 Above 100 kWh 155
8.4.3.3.1 Excellence in meeting high energy demands and performing operations for extended hours to foster segmental growth 155
8.4.4 BATTERY TYPE 156
8.4.5 BY REGION 157
8.5 CONSUMER ELECTRONICS 160
8.5.1 LONG LIFESPAN, HIGH ENERGY DENSITY, LOW SELF-DISCHARGE RATE TO INCREASE INTEGRATION INTO ELECTRONIC DEVICES 160
8.5.2 BY PRODUCT TYPE 160
8.5.2.1 Smartphones 160
8.5.2.1.1 Compact design and ability to support fast charging to boost adoption 160
8.5.2.2 Laptops & tablets 161
8.5.2.2.1 Prolonged runtime capability to support video streaming, gaming, and remote work tasks with fast-charging capabilities to stimulate demand 161
8.5.2.3 Wearables 161
8.5.2.3.1 Capacity to support extending wearable functionality to stimulate segmental growth 161
8.5.3 BY BATTERY CAPACITY 162
8.5.3.1 Below 10 Wh 162
8.5.3.1.1 Rising demand for ultra-portable devices, such as wireless earbuds, fitness trackers, smartwatches, to fuel segmental growth 162
8.5.3.2 10-30 Wh 162
8.5.3.2.1 Ability to meet prolonged usage and moderate energy requirements to foster segmental growth 162
8.5.3.3 Above 30 Wh 162
8.5.3.3.1 Surging demand for laptops, high-performance tablets, and portable speakers to accelerate market growth 162
8.5.4 BY BATTERY TYPE 163
8.5.5 BY REGION 164
8.6 MEDICAL 167
8.6.1 ESCALATING NEED FOR RELIABLE POWER SUPPLY FOR LIFE-SAVING DEVICES TO FACILITATE ADOPTION 167
8.6.2 BY DEVICE TYPE 167
8.6.2.1 Portable & diagnostic devices 168
8.6.2.2 Wearable & implantable devices 168
8.6.3 BY BATTERY CAPACITY 168
8.6.3.1 Below 10 Wh 168
8.6.3.1.1 Rising use of pacemakers, neurostimulators, and continuous glucose monitors to drive market 168
8.6.3.2 10-50 Wh 168
8.6.3.2.1 Ability to support functions requiring intermittent higher power draws to stimulate demand 168
8.6.3.3 Above 50 Wh 169
8.6.3.3.1 Escalating requirement for portable ventilators, mobile imaging systems, and surgical power tools to contribute to segmental growth 169
8.6.4 BY BATTERY TYPE 169
8.6.5 BY REGION 170
8.7 OTHER APPLICATIONS 173
8.7.1 TELECOMMUNICATIONS 174
8.7.1.1 Higher power density, faster charging times, longer lifespan, and minimal maintenance features to drive adoption 174
8.7.2 MARINE 174
8.7.2.1 Ability to resist high discharge currents, mechanical shocks, and vibrations to spur demand 174
8.7.3 AEROSPACE 174
8.7.3.1 Greater emphasis of aerospace companies on minimizing aircraft weight and maximizing power to accelerate demand 174
8.7.4 BY BATTERY TYPE 174
8.7.5 BY REGION 175
9 LITHIUM-ION BATTERY MARKET, BY REGION 179
9.1 INTRODUCTION 180
9.2 NORTH AMERICA 182
9.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 183
9.2.2 US 187
9.2.2.1 Public-private alliances for clean energy future to expedite demand 187
9.2.3 CANADA 188
9.2.3.1 Abundance of cobalt, lithium, and nickel materials to create lucrative opportunities for battery providers 188
9.2.4 MEXICO 188
9.2.4.1 Increasing investments in lithium-ion battery production to drive market 188
9.3 EUROPE 189
9.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 189
9.3.2 GERMANY 193
9.3.2.1 Clean energy goals to fuel battery demand 193
9.3.3 UK 194
9.3.3.1 Rising focus on generating electricity using renewables to foster market growth 194
?
9.3.4 FRANCE 194
9.3.4.1 Government-backed expansion of lithium and EV battery ecosystem to support market growth 194
9.3.5 ITALY 195
9.3.5.1 Government incentives promoting use of EVs to contribute to market growth 195
9.3.6 SPAIN 196
9.3.6.1 Push for clean mobility and clean energy to boost demand 196
9.3.7 REST OF EUROPE 196
9.4 ASIA PACIFIC 197
9.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 197
9.4.2 CHINA 201
9.4.2.1 Strategic dominance in battery supply chain and EV manufacturing to accelerate market growth 201
9.4.3 JAPAN 201
9.4.3.1 Strong presence of major lithium-ion manufacturers to support market growth 201
9.4.4 INDIA 202
9.4.4.1 Lithium discoveries and rising EV adoption to unlock new opportunities 202
9.4.4.2 Recent strategic developments accelerating India's lithium-ion battery market growth 203
9.4.5 SOUTH KOREA 204
9.4.5.1 Investment in advanced battery technologies to fuel market expansion 204
9.4.6 AUSTRALIA 205
9.4.6.1 Growing demand for cleaner and more affordable transportation to fuel market growth 205
9.4.7 REST OF ASIA PACIFIC 205
9.5 ROW 206
9.5.1 MACROECONOMIC OUTLOOK FOR ROW 206
9.5.2 MIDDLE EAST 209
9.5.2.1 Bahrain 210
9.5.2.1.1 Economic diversification and clean energy initiatives to propel market 210
9.5.2.2 Kuwait 210
9.5.2.2.1 Vision 2035 and clean energy investments to support market growth 210
9.5.2.3 Oman 210
9.5.2.3.1 National Energy Strategy and clean mobility goals to unlock market potential 210
9.5.2.4 Qatar 210
9.5.2.4.1 E-mobility and smart energy initiatives under National Vision 2030 to foster market growth 210
?
9.5.2.5 Saudi Arabia 211
9.5.2.5.1 Heavy investments in EV manufacturing and renewable energy projects to drive market 211
9.5.2.6 UAE 211
9.5.2.6.1 Energy Strategy 2050 and gigascale storage initiative to create growth opportunities 211
9.5.2.7 Rest of Middle East 211
9.5.3 AFRICA 212
9.5.3.1 South Africa 212
9.5.3.1.1 Deployment of solar energy and demand for battery storage to drive market 212
9.5.3.2 Other African countries 212
9.5.4 SOUTH AMERICA 213
9.5.4.1 Attractive destination for lithium-ion battery manufacturers to propel market 213
10 COMPETITIVE LANDSCAPE 214
10.1 INTRODUCTION 214
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2024 214
10.3 REVENUE ANALYSIS, 2021-2024 216
10.4 MARKET SHARE ANALYSIS, 2024 217
10.4.1 OVERALL LITHIUM-ION BATTERY MARKET SHARE ANALYSIS 217
10.4.2 LITHIUM-ION BATTERY MARKET SHARE ANALYSIS FOR
EV APPLICATION, BY INSTALLED CAPACITY 218
10.5 COMPANY VALUATION AND FINANCIAL METRICS 221
10.6 BRAND COMPARISON 222
10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 223
10.7.1 STARS 223
10.7.2 EMERGING LEADERS 223
10.7.3 PERVASIVE PLAYERS 223
10.7.4 PARTICIPANTS 223
10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 225
10.7.5.1 Company footprint 225
10.7.5.2 Region footprint 226
10.7.5.3 Battery type footprint 227
10.7.5.4 Application footprint 228
10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 229
10.8.1 PROGRESSIVE COMPANIES 229
10.8.2 RESPONSIVE COMPANIES 229
10.8.3 DYNAMIC COMPANIES 229
10.8.4 STARTING BLOCKS 229
10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 231
10.8.5.1 Detailed list of key startups/SMEs 231
10.8.5.2 Competitive benchmarking of key startups/SMEs 231
10.8.6 STARTUP LANDSCAPE ACROSS KEY SEGMENTS OF
LITHIUM BATTERY VALUE CHAIN 232
10.9 COMPETITIVE SCENARIO 232
10.9.1 PRODUCT LAUNCHES 232
10.9.2 DEALS 234
10.9.3 EXPANSIONS 236
10.9.4 OTHER DEVELOPMENTS 237
11 COMPANY PROFILES 238
11.1 KEY PLAYERS 238
11.1.1 LG ENERGY SOLUTION 238
11.1.1.1 Business overview 238
11.1.1.2 Products/Solutions/Services offered 239
11.1.1.3 Recent developments 240
11.1.1.3.1 Product launches 240
11.1.1.3.2 Deals 240
11.1.1.3.3 Expansions 243
11.1.1.4 MnM view 244
11.1.1.4.1 Key strengths/Right to win 244
11.1.1.4.2 Strategic choices 244
11.1.1.4.3 Weaknesses and competitive threats 244
11.1.2 SAMSUNG SDI 245
11.1.2.1 Business overview 245
11.1.2.2 Products/Solutions/Services offered 246
11.1.2.3 Recent developments 247
11.1.2.3.1 Deals 247
11.1.2.3.2 Expansions 247
11.1.2.3.3 Other developments 248
11.1.2.4 MnM view 248
11.1.2.4.1 Key strengths/Right to win 248
11.1.2.4.2 Strategic choices 248
11.1.2.4.3 Weaknesses and competitive threats 248
11.1.3 PANASONIC HOLDINGS CORPORATION 249
11.1.3.1 Business overview 249
11.1.3.2 Products/Solutions/Services offered 250
11.1.3.3 Recent developments 251
11.1.3.3.1 Deals 251
11.1.3.3.2 Expansions 252
11.1.3.3.3 Other developments 253
11.1.3.4 MnM view 253
11.1.3.4.1 Key strengths/Right to win 253
11.1.3.4.2 Strategic choices 253
11.1.3.4.3 Weaknesses and competitive threats 253
11.1.4 BYD COMPANY LTD. 254
11.1.4.1 Business overview 254
11.1.4.2 Products/Solutions/Services offered 255
11.1.4.3 Recent developments 256
11.1.4.3.1 Deals 256
11.1.4.4 MnM view 256
11.1.4.4.1 Key strengths/Right to win 256
11.1.4.4.2 Strategic choices 256
11.1.4.4.3 Weaknesses and competitive threats 256
11.1.5 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 257
11.1.5.1 Business overview 257
11.1.5.2 Products/Solutions/Services offered 258
11.1.5.3 Recent developments 259
11.1.5.3.1 Product launches 259
11.1.5.3.2 Deals 260
11.1.5.4 MnM view 261
11.1.5.4.1 Key strengths/Right to win 261
11.1.5.4.2 Strategic choices 262
11.1.5.4.3 Weaknesses and competitive threats 262
11.1.6 BAK POWER 263
11.1.6.1 Business overview 263
11.1.6.2 Products/Solutions/Services offered 263
11.1.6.3 Recent developments 264
11.1.6.3.1 Product launches 264
11.1.6.3.2 Expansions 265
11.1.7 CALB 266
11.1.7.1 Business overview 266
11.1.7.2 Products/Solutions/Services offered 267
11.1.7.3 Recent developments 268
11.1.7.3.1 Product launches 268
11.1.8 CLARIOS 269
11.1.8.1 Business overview 269
11.1.8.2 Products/Solutions/Services offered 269
11.1.9 ENERSYS 270
11.1.9.1 Business overview 270
11.1.9.2 Products/Solutions/Services offered 271
11.1.9.3 Recent developments 272
11.1.9.3.1 Deals 272
11.1.9.3.2 Expansions 272
11.1.10 EVE ENERGY CO., LTD. 273
11.1.10.1 Business overview 273
11.1.10.2 Products/Solutions/Services offered 274
11.1.10.3 Recent developments 275
11.1.10.3.1 Product launches 275
11.1.10.3.2 Deals 275
11.1.11 GOTION 277
11.1.11.1 Business overview 277
11.1.11.2 Products/Solutions/Services offered 278
11.1.11.3 Recent developments 279
11.1.11.3.1 Deals 279
11.1.12 GS YUASA CORPORATION 280
11.1.12.1 Business overview 280
11.1.12.2 Products/Solutions/Services offered 281
11.1.12.3 Recent developments 282
11.1.12.3.1 Deals 282
11.1.12.3.2 Other developments 282
11.1.13 MITSUBISHI ELECTRIC CORPORATION 283
11.1.13.1 Business overview 283
11.1.13.2 Products/Solutions/Services offered 284
11.1.14 SK INNOVATION CO., LTD. 285
11.1.14.1 Business overview 285
11.1.14.2 Products/Solutions/Services offered 286
11.1.14.3 Recent developments 287
11.1.14.3.1 Deals 287
11.1.15 TESLA 288
11.1.15.1 Business overview 288
11.1.15.2 Products/Solutions/Services offered 289
11.1.15.3 Recent developments 290
11.1.15.3.1 Developments 290
11.1.16 TOSHIBA CORPORATION 291
11.1.16.1 Business overview 291
11.1.16.2 Products/Solutions/Services offered 292
11.1.16.3 Recent developments 293
11.1.16.3.1 Product launches 293
11.1.16.3.2 Deals 293
11.1.17 SUNWODA ELECTRONIC CO., LTD. 294
11.1.17.1 Business overview 294
11.1.17.2 Products/Solutions/Services offered 295
11.1.17.3 Recent developments 296
11.1.17.3.1 Deals 296
11.1.18 VARTA AG 297
11.1.18.1 Business overview 297
11.1.18.2 Products/Solutions/Services offered 298
?
11.2 OTHER PLAYERS 299
11.2.1 AESC GROUP LTD. 299
11.2.2 AMPEREX TECHNOLOGY LIMITED 300
11.2.3 AMPRIUS TECHNOLOGIES 301
11.2.4 ENOVIX CORPORATION 302
11.2.5 FARASIS ENERGY(GANZHOU)CO., LTD. 303
11.2.6 GROUP14 TECHNOLOGIES, INC. 304
11.2.7 IPOWER BATTERIES PRIVATE LIMITED 305
11.2.8 LECLANCHE SA 306
11.2.9 LITHIUMWERKS 307
11.2.10 LYTEN, INC. 308
11.2.11 NEXTECH BATTERIES 309
11.2.12 PPBC (POLYPLUS BATTERY COMPANY) 310
11.2.13 SAFT 311
11.2.14 SILA NANOTECHNOLOGIES INC. 312
11.2.15 SOLAREDGE 313
12 APPENDIX 314
12.1 DISCUSSION GUIDE 314
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 317
12.3 CUSTOMIZATION OPTIONS 319
12.4 RELATED REPORTS 319
12.5 AUTHOR DETAILS 320
TABLE 1 LITHIUM-ION BATTERY MARKET: RISK ANALYSIS 47
TABLE 2 LIST OF UPCOMING GLOBAL BESS PROJECTS 60
TABLE 3 LIST OF COMPANIES WITNESSED BANKRUPTCY IN LITHIUM-ION BATTERY MARKET 64
TABLE 4 LITHIUM-ION BATTERY ECOSYSTEM ANALYSIS 70
TABLE 5 PRICING RANGE OF LITHIUM-ION BATTERY PACKS OFFERED
BY KEY PLAYERS, 2024 72
TABLE 6 AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES,
2021-2024 (USD/KWH) 73
TABLE 7 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, BY REGION,
2021-2024 (USD/KWH) 74
TABLE 8 LITHIUM PRODUCTION, BY COUNTRY, 2023 74
TABLE 9 LARGEST OPERATIONAL GIGAFACTORIES WORLDWIDE 76
TABLE 10 UPCOMING GIGAFACTORIES WORLDWIDE 77
TABLE 11 LARGEST PE/VC-BACKED INVESTMENTS IN BATTERY ENERGY STORAGE SYSTEMS ANNOUNCED IN 2024 79
TABLE 12 LITHIUM-ION BATTERY MARKET: PORTER'S FIVE FORCES ANALYSIS 83
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 86
TABLE 14 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 86
TABLE 15 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020-2024 (USD MILLION) 89
TABLE 16 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020-2024 (USD MILLION) 90
TABLE 17 LITHIUM-ION BATTERY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2021-2024 92
TABLE 18 LITHIUM-ION BATTERY MARKET: LIST OF KEY CONFERENCES AND EVENTS 94
TABLE 19 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 20 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 21 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 22 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
TABLE 23 STANDARDS 98
TABLE 24 US-ADJUSTED RECIPROCAL TARIFF RATES 104
TABLE 25 KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR LITHIUM-ION BATTERY MARKET 104
TABLE 26 EXPECTED CHANGE IN PRICES AND ANTICIPATED IMPACT ON APPLICATIONS MARKET DUE TO TARIFF 105
TABLE 27 KEY MATERIALS USED IN LITHIUM-ION BATTERY COMPONENTS 109
TABLE 28 COMPARISON OF LITHIUM-ION BATTERY TYPES BASED ON DIFFERENT PARAMETERS 116
TABLE 29 LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2021-2024 (USD BILLION) 116
TABLE 30 LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2025-2033 (USD BILLION) 117
TABLE 31 NMC: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2021-2024 (USD BILLION) 118
TABLE 32 NMC: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2025-2033 (USD BILLION) 118
TABLE 33 NMC: LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD BILLION) 119
TABLE 34 NMC: LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD BILLION) 119
TABLE 35 LFP: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021-2024 (USD BILLION) 120
TABLE 36 LFP: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025-2033 (USD BILLION) 120
TABLE 37 LFP: LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD BILLION) 121
TABLE 38 LFP: LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD BILLION) 121
TABLE 39 LCO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021-2024 (USD BILLION) 122
TABLE 40 LCO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025-2033 (USD BILLION) 122
TABLE 41 LCO: LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD BILLION) 123
TABLE 42 LCO: LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD BILLION) 123
TABLE 43 LTO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021-2024 (USD BILLION) 124
TABLE 44 LTO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025-2033 (USD BILLION) 124
TABLE 45 LTO: LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD BILLION) 125
TABLE 46 LTO: LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD BILLION) 125
TABLE 47 LMO: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2021-2024 (USD BILLION) 126
TABLE 48 LMO: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2025-2033 (USD BILLION) 126
TABLE 49 LMO: LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD BILLION) 127
TABLE 50 LMO: LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD BILLION) 127
TABLE 51 NCA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021-2024 (USD BILLION) 128
TABLE 52 NCA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025-2033 (USD BILLION) 128
TABLE 53 NCA: LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD BILLION) 129
TABLE 54 NCA: LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD BILLION) 129
TABLE 55 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021-2024 (USD BILLION) 132
TABLE 56 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025-2033 (USD BILLION) 133
TABLE 57 EVS: LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY, 2021-2024 (GWH) 133
TABLE 58 EVS: LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY, 2025-2033 (GWH) 133
TABLE 59 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2021-2024 (USD BILLION) 135
TABLE 60 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2025-2033 (USD BILLION) 135
TABLE 61 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD BILLION) 135
TABLE 62 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD BILLION) 136
TABLE 63 BATTERY TYPE/FORM USED BY OEMS, BY EV MODEL, 2025-2026 136
TABLE 64 BATTERY FORMS: ADVANTAGES AND DISADVANTAGES 136
TABLE 65 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY FORM,
2021-2024 (USD BILLION) 138
TABLE 66 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY FORM,
2025-2033 (USD BILLION) 138
TABLE 67 EVS : LITHIUM-ION BATTERY MARKET, BY VEHICLE TYPE, 2021-2024 (GWH) 140
TABLE 68 EVS: LITHIUM-ION BATTERY MARKET, BY VEHICLE TYPE, 2025-2033 (GWH) 140
TABLE 69 EVS: LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD BILLION) 141
TABLE 70 EVS: LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD BILLION) 141
TABLE 71 EVS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY,
2021-2024 (USD BILLION) 141
TABLE 72 EVS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY,
2025-2033 (USD BILLION) 141
TABLE 73 EVS: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,
2021-2024 (USD BILLION) 142
TABLE 74 EVS: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,
2025-2033 (USD BILLION) 142
TABLE 75 EVS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,
2021-2024 (USD BILLION) 142
TABLE 76 EVS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,
2025-2033 (USD BILLION) 143
TABLE 77 EVS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,
2021-2024 (USD BILLION) 143
TABLE 78 EVS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,
2025-2033 (USD BILLION) 143
TABLE 79 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY, 2021-2024 (GWH) 144
TABLE 80 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY, 2025-2033 (GWH) 144
TABLE 81 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2021-2024 (USD BILLION) 146
TABLE 82 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2025-2033 (USD BILLION) 146
TABLE 83 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD BILLION) 146
TABLE 84 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD BILLION) 147
TABLE 85 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY CONNECTION TYPE,
2021-2024 (USD BILLION) 147
TABLE 86 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY CONNECTION TYPE,
2025-2033 (USD BILLION) 147
TABLE 87 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY END USE,
2021-2024 (USD BILLION) 149
TABLE 88 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY END USE,
2025-2033 (USD BILLION) 149
TABLE 89 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY REGION,
2021-2024 (USD BILLION) 150
TABLE 90 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY REGION,
2025-2033 (USD BILLION) 150
TABLE 91 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA,
BY COUNTRY, 2021-2024 (USD BILLION) 150
TABLE 92 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA,
BY COUNTRY, 2025-2033 (USD BILLION) 150
TABLE 93 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY, 2021-2024 (USD BILLION) 151
TABLE 94 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY, 2025-2033 (USD BILLION) 151
TABLE 95 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021-2024 (USD BILLION) 151
TABLE 96 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025-2033 (USD BILLION) 152
TABLE 97 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,
2021-2024 (USD BILLION) 152
TABLE 98 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,
2025-2033 (USD BILLION) 152
TABLE 99 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2021-2024 (USD MILLION) 155
TABLE 100 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2025-2033 (USD MILLION) 156
TABLE 101 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD MILLION) 156
TABLE 102 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD MILLION) 156
TABLE 103 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY REGION,
2021-2024 (USD MILLION) 157
TABLE 104 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY REGION,
2025-2033 (USD MILLION) 157
TABLE 105 INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2021-2024 (USD MILLION) 157
TABLE 106 INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2025-2033 (USD MILLION) 158
TABLE 107 INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,
2021-2024 (USD MILLION) 158
TABLE 108 INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,
2025-2033 (USD MILLION) 158
TABLE 109 INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,
2021-2024 (USD MILLION) 159
TABLE 110 INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,
2025-2033 (USD MILLION) 159
TABLE 111 INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,
2021-2024 (USD MILLION) 159
TABLE 112 INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,
2025-2033 (USD MILLION) 160
TABLE 113 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE, 2021-2024 (USD BILLION) 161
TABLE 114 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE, 2025-2033 (USD BILLION) 162
TABLE 115 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY, 2021-2024 (USD BILLION) 163
TABLE 116 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY, 2025-2033 (USD BILLION) 163
TABLE 117 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2021-2024 (USD BILLION) 163
TABLE 118 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2025-2033 (USD BILLION) 164
TABLE 119 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY REGION,
2021-2024 (USD BILLION) 164
TABLE 120 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY REGION,
2025-2033 (USD BILLION) 164
TABLE 121 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2021-2024 (USD BILLION) 165
TABLE 122 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2025-2033 (USD BILLION) 165
TABLE 123 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN EUROPE,
BY COUNTRY, 2021-2024 (USD BILLION) 165
TABLE 124 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN EUROPE,
BY COUNTRY, 2025-2033 (USD BILLION) 166
TABLE 125 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC,
BY COUNTRY, 2021-2024 (USD BILLION) 166
TABLE 126 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC,
BY COUNTRY, 2025-2033 (USD BILLION) 166
TABLE 127 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION, 2021-2024 (USD BILLION) 167
TABLE 128 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION, 2025-2033 (USD BILLION) 167
TABLE 129 MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2021-2024 (USD MILLION) 169
TABLE 130 MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2025-2033 (USD MILLION) 169
TABLE 131 MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD MILLION) 170
TABLE 132 MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD MILLION) 170
TABLE 133 MEDICAL: LITHIUM-ION BATTERY MARKET, BY REGION,
2021-2024 (USD MILLION) 170
TABLE 134 MEDICAL: LITHIUM-ION BATTERY MARKET, BY REGION,
2025-2033 (USD MILLION) 171
TABLE 135 MEDICAL: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2021-2024 (USD MILLION) 171
TABLE 136 MEDICAL: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2025-2033 (USD MILLION) 171
TABLE 137 MEDICAL: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,
2021-2024 (USD MILLION) 172
TABLE 138 MEDICAL: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,
2025-2033 (USD MILLION) 172
TABLE 139 MEDICAL: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,
2021-2024 (USD MILLION) 172
TABLE 140 MEDICAL: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,
2025-2033 (USD MILLION) 173
TABLE 141 MEDICAL: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,
2021-2024 (USD MILLION) 173
TABLE 142 MEDICAL: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,
2025-2033 (USD MILLION) 173
TABLE 143 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD MILLION) 175
TABLE 144 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD MILLION) 175
TABLE 145 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY REGION,
2021-2024 (USD MILLION) 175
TABLE 146 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY REGION,
2025-2033 (USD MILLION) 176
TABLE 147 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA,
BY COUNTRY, 2021-2024 (USD MILLION) 176
TABLE 148 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA,
BY COUNTRY, 2025-2033 (USD MILLION) 176
TABLE 149 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY, 2021-2024 (USD MILLION) 177
TABLE 150 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY, 2025-2033 (USD MILLION) 177
TABLE 151 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC,
BY COUNTRY, 2021-2024 (USD MILLION) 177
TABLE 152 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC,
BY COUNTRY, 2025-2033 (USD MILLION) 178
TABLE 153 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION, 2021-2024 (USD MILLION) 178
TABLE 154 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION, 2025-2033 (USD MILLION) 178
TABLE 155 LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD BILLION) 182
TABLE 156 LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD BILLION) 182
TABLE 157 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2021-2024 (USD BILLION) 185
TABLE 158 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2025-2033 (USD BILLION) 185
TABLE 159 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD BILLION) 186
TABLE 160 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD BILLION) 186
TABLE 161 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2021-2024 (USD BILLION) 186
TABLE 162 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2025-2033 (USD BILLION) 187
TABLE 163 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2021-2024 (USD BILLION) 191
TABLE 164 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2025-2033 (USD BILLION) 191
TABLE 165 EUROPE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD BILLION) 192
TABLE 166 EUROPE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD BILLION) 192
TABLE 167 EUROPE: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2021-2024 (USD BILLION) 192
TABLE 168 EUROPE: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2025-2033 (USD BILLION) 193
TABLE 169 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2021-2024 (USD BILLION) 199
TABLE 170 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2025-2033 (USD BILLION) 199
TABLE 171 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD BILLION) 200
TABLE 172 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD BILLION) 200
TABLE 173 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2021-2024 (USD BILLION) 200
TABLE 174 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2025-2033 (USD BILLION) 201
TABLE 175 ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2021-2024 (USD MILLION) 207
TABLE 176 ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2025-2033 (USD MILLION) 207
TABLE 177 ROW: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021-2024 (USD MILLION) 208
TABLE 178 ROW: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025-2033 (USD MILLION) 208
TABLE 179 ROW: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2021-2024 (USD MILLION) 208
TABLE 180 ROW: LITHIUM-ION BATTERY MARKET, BY APPLICATION,
2025-2033 (USD MILLION) 209
TABLE 181 MIDDLE EAST: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2021-2024 (USD MILLION) 209
TABLE 182 MIDDLE EAST: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2025-2033 (USD MILLION) 210
TABLE 183 AFRICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2021-2024 (USD MILLION) 212
TABLE 184 AFRICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2025-2033 (USD MILLION) 212
TABLE 185 LITHIUM-ION BATTERY MARKET: OVERVIEW OF STRATEGIES
ADOPTED BY KEY PLAYERS, 2021-2024 214
TABLE 186 LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION, 2024 217
TABLE 187 LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION FOR EVS APPLICATIONS, 2024 218
TABLE 188 LITHIUM-ION BATTERY MARKET: REGION FOOTPRINT 226
TABLE 189 LITHIUM-ION BATTERY MARKET: BATTERY TYPE FOOTPRINT 227
TABLE 190 LITHIUM-ION BATTERY MARKET: APPLICATION FOOTPRINT 228
TABLE 191 LITHIUM-ION BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES 231
TABLE 192 LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 231
TABLE 193 LITHIUM-ION BATTERY MARKET: PRODUCT LAUNCHES, JANUARY 2021-MAY 2025 233
TABLE 194 LITHIUM-ION BATTERY MARKET: DEALS, JANUARY 2021-MAY 2025 234
TABLE 195 LITHIUM-ION BATTERY MARKET: EXPANSIONS, JANUARY 2021-MAY 2025 236
TABLE 196 LITHIUM-ION BATTERY MARKET: OTHER DEVELOPMENTS,
JANUARY 2021-MAY 2025 237
TABLE 197 LG ENERGY SOLUTION: COMPANY OVERVIEW 238
TABLE 198 LG ENERGY SOLUTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 239
TABLE 199 LG ENERGY SOLUTION: PRODUCT LAUNCHES 240
TABLE 200 LG ENERGY SOLUTION: DEALS 240
TABLE 201 LG ENERGY SOLUTION: EXPANSIONS 243
TABLE 202 SAMSUNG SDI: COMPANY OVERVIEW 245
TABLE 203 SAMSUNG SDI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246
TABLE 204 SAMSUNG SDI: DEALS 247
TABLE 205 SAMSUNG SDI: EXPANSIONS 247
TABLE 206 SAMSUNG SDI: OTHER DEVELOPMENTS 248
TABLE 207 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW 249
TABLE 208 PANASONIC HOLDINGS CORPORATION:
PRODUCTS/SOLUTIONS/SERVICES OFFERED 250
TABLE 209 PANASONIC HOLDINGS CORPORATION: DEALS 251
TABLE 210 PANASONIC HOLDINGS CORPORATION: EXPANSIONS 252
TABLE 211 PANASONIC HOLDINGS CORPORATION: OTHER DEVELOPMENTS 253
TABLE 212 BYD COMPANY LTD.: COMPANY OVERVIEW 254
TABLE 213 BYD COMPANY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 255
TABLE 214 BYD COMPANY LTD.: DEALS 256
TABLE 215 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW 257
TABLE 216 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
TABLE 217 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES 259
TABLE 218 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS 260
TABLE 219 BAK POWER: COMPANY OVERVIEW 263
TABLE 220 BAK POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
TABLE 221 BAK POWER: PRODUCT LAUNCHES 264
TABLE 222 BAK POWER: EXPANSIONS 265
TABLE 223 CALB: COMPANY OVERVIEW 266
TABLE 224 CALB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 225 CALB: PRODUCT LAUNCHES 268
TABLE 226 CLARIOS: COMPANY OVERVIEW 269
TABLE 227 CLARIOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
TABLE 228 ENERSYS: COMPANY OVERVIEW 270
TABLE 229 ENERSYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 271
TABLE 230 ENERSYS: DEALS 272
TABLE 231 ENERSYS: EXPANSIONS 272
TABLE 232 EVE ENERGY CO., LTD.: COMPANY OVERVIEW 273
TABLE 233 EVE ENERGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
TABLE 234 EVE ENERGY CO., LTD.: PRODUCT LAUNCHES 275
TABLE 235 EVE ENERGY CO., LTD.: DEALS 275
TABLE 236 GOTION: COMPANY OVERVIEW 277
TABLE 237 GOTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 278
TABLE 238 GOTION: DEALS 279
TABLE 239 GS YUASA CORPORATION: COMPANY OVERVIEW 280
TABLE 240 GS YUASA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 281
TABLE 241 GS YUASA CORPORATION: DEALS 282
TABLE 242 GS YUASA CORPORATION: OTHER DEVELOPMENTS 282
TABLE 243 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 283
TABLE 244 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 284
TABLE 245 SK INNOVATION CO., LTD.: COMPANY OVERVIEW 285
TABLE 246 SK INNOVATION CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 286
TABLE 247 SK INNOVATION CO., LTD.: DEALS 287
TABLE 248 TESLA: COMPANY OVERVIEW 288
TABLE 249 TESLA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 289
TABLE 250 TESLA: DEVELOPMENTS 290
TABLE 251 TOSHIBA CORPORATION: COMPANY OVERVIEW 291
TABLE 252 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 292
TABLE 253 TOSHIBA CORPORATION: PRODUCT LAUNCHES 293
TABLE 254 TOSHIBA CORPORATION: DEALS 293
TABLE 255 SUNWODA ELECTRONIC CO., LTD.: COMPANY OVERVIEW 294
TABLE 256 SUNWODA ELECTRONIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 295
TABLE 257 SUNWODA ELECTRONIC CO., LTD.: DEALS 296
TABLE 258 VARTA AG: COMPANY OVERVIEW 297
TABLE 259 VARTA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 298
FIGURE 1 LITHIUM-ION BATTERY MARKET SEGMENTATION 33
FIGURE 2 LITHIUM-ION BATTERY MARKET: RESEARCH DESIGN 37
FIGURE 3 LITHIUM-ION BATTERY MARKET: RESEARCH APPROACH 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 44
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR LITHIUM-ION
BATTERY MARKET: SUPPLY-SIDE ANALYSIS 44
FIGURE 7 DATA TRIANGULATION 45
FIGURE 8 ASSUMPTIONS 46
FIGURE 9 LITHIUM-ION BATTERY MARKET, 2021-2033 48
FIGURE 10 LFP BATTERY TYPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2033 49
FIGURE 11 ENERGY STORAGE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 49
FIGURE 12 ASIA PACIFIC TO LEAD GLOBAL LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD 50
FIGURE 13 RISING SALES OF BATTERY-OPERATED ELECTRIC VEHICLES GLOBALLY TO DRIVE MARKET 51
FIGURE 14 EVS SEGMENT TO DOMINATE MARKET, BY APPLICATION, IN 2033 51
FIGURE 15 HISTORICAL AND PROJECTED DATA ON BATTERY CAPACITY INSTALLATIONS WORLDWIDE, 2021-2033 52
FIGURE 16 EVS SEGMENT AND CHINA TO HOLD LARGEST SHARE OF LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC IN 2033 52
FIGURE 17 INDIA TO RECORD HIGHEST CAGR IN GLOBAL LITHIUM-ION BATTERY BETWEEN 2025 AND 2033 53
FIGURE 18 LITHIUM-ION BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
FIGURE 19 ELECTRIC CAR SALES, 2018-2024 55
FIGURE 20 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS 58
FIGURE 21 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS 59
FIGURE 22 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 62
FIGURE 23 LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES 65
FIGURE 24 LITHIUM-ION BATTERY VALUE CHAIN ANALYSIS 66
FIGURE 25 KEY PLAYERS IN LITHIUM-ION BATTERY ECOSYSTEM 69
FIGURE 26 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, 2021-2033 71
FIGURE 27 AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES, 2021-2024 72
FIGURE 28 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES,
BY REGION, 2021-2024 73
FIGURE 29 LITHIUM-ION BATTERY MANUFACTURING CAPACITY OF DIFFERENT COUNTRIES, 2022 VS. 2025 VS. 2030 75
FIGURE 30 TRENDS/DISRUPTIONS INFLUENCING PLAYERS IN LITHIUM-ION BATTERY MARKET 77
FIGURE 31 GLOBAL EV BATTERY INVESTMENT AND VC FUNDING SCENARIO, 2018-2024 78
FIGURE 32 GLOBAL INVESTMENT AND PE/VC FUNDING SCENARIO FOR BATTERY ENERGY STORAGE SYSTEMS, 2020-2024 79
FIGURE 33 LITHIUM-ION BATTERY MARKET: PORTER'S FIVE FORCES ANALYSIS 84
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS 85
FIGURE 35 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 86
FIGURE 36 IMPORT SCENARIO FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020-2024 88
FIGURE 37 EXPORT SCENARIO FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020-2024 89
FIGURE 38 LITHIUM-ION BATTERY MARKET: PATENT ANALYSIS, 2014-2024 91
FIGURE 39 KEY AI USE CASES IN LITHIUM-ION BATTERY MARKET 101
FIGURE 40 LITHIUM-ION BATTERY MARKET, BY TYPE 115
FIGURE 41 LFP SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 116
FIGURE 42 PERFORMANCE PARAMETERS OF NMC BATTERIES 118
FIGURE 43 PERFORMANCE PARAMETERS OF LFP BATTERIES 120
FIGURE 44 PERFORMANCE PARAMETERS OF LCO BATTERIES 122
FIGURE 45 PERFORMANCE PARAMETERS OF LTO BATTERIES 124
FIGURE 46 PERFORMANCE PARAMETERS OF LMO BATTERIES 126
FIGURE 47 PERFORMANCE PARAMETERS OF NCA BATTERIES 128
FIGURE 48 LITHIUM-ION BATTERY MARKET, BY APPLICATION 131
FIGURE 49 EVS SEGMENT TO HOLD PROMINENT MARKET SHARE IN 2033 132
FIGURE 50 LITHIUM-ION BATTERY MARKET, BY REGION 180
FIGURE 51 INDIA TO REGISTER HIGHEST CAGR IN GLOBAL LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD 181
FIGURE 52 ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2025 TO 2033 181
FIGURE 53 NORTH AMERICA: LITHIUM-ION BATTERY MARKET SNAPSHOT 184
FIGURE 54 US HELD LARGEST SHARE OF NORTH AMERICAN MARKET IN 2024 185
FIGURE 55 EUROPE: LITHIUM-ION BATTERY MARKET SNAPSHOT 190
FIGURE 56 UK TO RECORD HIGHEST CAGR IN EUROPEAN LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD 191
FIGURE 57 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET SNAPSHOT 198
FIGURE 58 CHINA TO CAPTURE LARGEST SHARE OF ASIA PACIFIC MARKET IN 2033 199
FIGURE 59 EMERGING BATTERY POWERHOUSES: INDIA'S GIGAFACTORY MAP 204
FIGURE 60 MIDDLE EAST TO EMERGE AS FASTEST-GROWING REGION IN LITHIUM-ION BATTERY MARKET IN ROW DURING FORECAST PERIOD 207
FIGURE 61 LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS, 2021-2024 216
FIGURE 62 LITHIUM-ION BATTERY MARKET SHARE ANALYSIS, 2024 217
FIGURE 63 COMPANY VALUATION 221
FIGURE 64 FINANCIAL METRICS (EV/EBITDA) 221
FIGURE 65 BRAND COMPARISON 222
FIGURE 66 LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION
MATRIX (KEY PLAYERS), 2024 224
FIGURE 67 LITHIUM-ION MARKET: COMPANY FOOTPRINT 225
FIGURE 68 LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 230
FIGURE 69 LITHIUM BATTERY STARTUP LANDSCAPE 232
FIGURE 70 LG ENERGY SOLUTION: COMPANY SNAPSHOT 239
FIGURE 71 SAMSUNG SDI: COMPANY SNAPSHOT 246
FIGURE 72 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT 250
FIGURE 73 BYD COMPANY LTD.: COMPANY SNAPSHOT 255
FIGURE 74 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT 258
FIGURE 75 CALB: COMPANY SNAPSHOT 267
FIGURE 76 ENERSYS: COMPANY SNAPSHOT 271
FIGURE 77 EVE ENERGY CO., LTD.: COMPANY SNAPSHOT 274
FIGURE 78 GOTION: COMPANY SNAPSHOT 278
FIGURE 79 GS YUASA CORPORATION: COMPANY SNAPSHOT 281
FIGURE 80 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 284
FIGURE 81 SK INNOVATION CO., LTD.: COMPANY SNAPSHOT 286
FIGURE 82 TESLA: COMPANY SNAPSHOT 289
FIGURE 83 TOSHIBA CORPORATION: COMPANY SNAPSHOT 292
FIGURE 84 SUNWODA ELECTRONIC CO., LTD.: COMPANY SNAPSHOT 295
FIGURE 85 VARTA AG: COMPANY SNAPSHOT 298
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security