Cell Type Insights. Based on Cell type, the lithium-ion battery cathode market has been segmented into polymer, cylindrical and prismatic. Cylindrical segment accounted for largest share of 43.51% in 2022 and expected to maintain its dominance in coming years owing to the applications in electric vehicles and energy storage systems.
The global market for Lithium-Ion (Li-ion) Batteries is estimated at US$57.3 Billion in 2023 and is projected to reach US$144.1 Billion by 2030, growing at a CAGR of 14.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
For type of Lithium ion Battery Market, Cobalt Oxide is the largest segment with a market share of nearly 33% in 2019. Nickel Cobalt Manganese Oxide accounted for about 25% of global market.
The global lithium market size was estimated at USD 31.75 billion in 2023 and is expected to grow at a CAGR of 17.7% from 2024 to 2030. Vehicle electrification is projected to attract a significant volume of lithium-ion batteries, which is anticipated to drive market growth over the forecast period.
In terms of region, the largest segment of lithium-ion battery market would be Asia Pacific, with a market share of over 75% in 2019. The follower is Europe accounted for nearly 13% of global market. For type of Lithium ion Battery Market, Cobalt Oxide is the largest segment with a market share of nearly 33% in 2019.
Global core lithium-ion battery manufacturers include Panasonic, Samsung SDI and LG Chem etc. The top 5 companies hold a share about 60%. In terms of region, the largest segment of lithium-ion battery market would be Asia Pacific, with a market share of over 75% in 2019. The follower is Europe accounted for nearly 13% of global market.
The growth in the lithium-ion batteries market is driven by several factors, including the surging demand for electric vehicles, the increasing reliance on renewable energy sources, and significant advancements in battery technology.
Cell Type Insights. Based on Cell type, the lithium-ion battery cathode market has been segmented into polymer, cylindrical and prismatic. Cylindrical segment accounted for largest share of 43.51% in 2022 and expected to maintain its dominance in coming years owing to the applications in electric vehicles and energy storage systems.
Very high specific energy, limited specific power. Cobalt is expensive. Serves as Energy Cell. Market share has stabilized. Early version; no longer relevant. Table 3: Characteristics of Lithium Cobalt Oxide. Lithium Manganese Oxide (LiMn 2 O 4) — LMO. Li-ion with manganese spinel was first published in the Materials Research Bulletin in 1983. In 1996, …
Lithium-ion batteries power the lives of millions of people every day. Due to its portability, high energy density, and charging capacity, this technology is becoming more and more commonplace in everything from laptops and cell …
The paper examines two pyrometallurgical recycling routes (a direct and a multi-step process) for different lithium-ion battery cell compositions (NMC333/C, NMC811/C, LFP/C, NMCLMO/C) from a techno-economic perspective. Based on lifecycle inventories per recycling process and battery type, the profitability of these two recycling processes is investigated by …
For type of Lithium ion Battery Market, Cobalt Oxide is the largest segment with a market share of nearly 33% in 2019. Nickel Cobalt Manganese Oxide accounted for about 25% of global …
Lithium Ion Battery Market size is expected to be worth around USD 307.8 billion by 2032, from USD 70.7 Billion in 2023, growing at a CAGR of 18.3%; Lithium Cobalt Oxide (LCO) held a dominant market position, capturing more than a …
Primary Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Report Covers Primary Battery Market Size & Share and It is Segmented by Type (Primary Alkaline Battery, Primary Lithium Battery, and …
Battery demand for lithium stood at around 140 kt in 2023, 85% of total lithium demand and up more than 30% compared to 2022; for cobalt, demand for batteries was up 15% at 150 kt, 70% of the total. To a lesser extent, battery demand growth contributes to increasing total demand for nickel, accounting for over 10% of total nickel demand. Battery demand for nickel stood at …
It is expected to expand at a CAGR of 18.1% from 2022 to 2030. The market is expected to witness significant growth over the forecast period on account of the increasing consumption of rechargeable batteries in consumer electronics and …
Battery Cell Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The report covers Global Battery Cell Market Growth & Share. The market is segmented by Type (Prismatic, Cylindrical, Pouch), Application (Automotive Batteries (HEV, PHEV, EV), Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.), Portable Batteries …
The global market for Lithium-Ion (Li-ion) Batteries is estimated at US$57.3 Billion in 2023 and is projected to reach US$144.1 Billion by 2030, growing at a CAGR of 14.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the lithium-ion batteries market …
In 2022, lithium nickel manganese cobalt oxide (NMC) remained the dominant battery chemistry with a market share of 60%, followed by lithium iron phosphate (LFP) with a share of just under 30%, and nickel cobalt aluminium oxide (NCA) with a share of about 8%. Lithium iron phosphate (LFP) cathode chemistries have reached their highest share in ...
Primary Battery Market Size. The global primary battery market size was valued at USD21.23 billion in 2023 and is estimated to reach USD 39.15 billion by 2032, growing at a CAGR of 6.12% during the forecast period (2024–2032).. The demand for primary batteries remains elevated worldwide due to the numerous benefits of primary batteries, such as their …
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. …
The speed of battery electric vehicle (BEV) uptake—while still not categorically breakneck—is enough to render it one of the fastest-growing segments in the automotive industry. 1 Kersten Heineke, Philipp Kampshoff, and Timo Möller, "Spotlight on mobility trends," McKinsey, March 12, 2024. Our projections show more than 200 new battery cell factories will be built by …
Marine Battery Market Size, Share & Trends. The marine battery market is projected to grow from USD 882.3 million in 2024 to USD 1,506.0 million by 2030, at a CAGR of 9.3 % from 2024 to 2030. The volume of lithium battery type is projected to grow from 5,43,635 (Units) in 2024 to 9,41,918 (Units) in 2030. The marine battery market industry is experiencing rapid expansion …
Furthermore, other, novel battery cell types are anticipated to gain market share by 2030 (Bhandari et al., 2022; IEA, International Energy Agency, 2023a). This may encompass sodium-ion batteries (SIBs), solid-state batteries (SSBs), or other cell chemistries. In addition to the cell chemistry itself, the corresponding cell configuration is ...
Lithium-ion Battery Market Size, Share & Trends Analysis Report by Product (LCO, LFP, NCA, LMO, LTO, NMC), by Application (Consumer Electronics, Energy Storage Systems, Industrial), by Region, and Segment Forecasts, 2022-2030
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