The Lithium-Ion (Li-Ion) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Lithium-Ion (Li-Ion) Global Market Report 2024, The lithium-ion (li-ion) market size has grown rapidly in recent years. It will grow from $53.17 billion in 2023 to $58.71 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to portable electronics boom, electric vehicles (evs), consumer electronics, energy storage, efficiency and sustainability.
The lithium-ion (li-ion) market size is expected to see strong growth in the next few years. It will grow to $85.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to electric aviation, energy transition, ev adoption growth, emerging markets, industrial and commercial applications. Major trends in the forecast period include solid-state batteries, battery recycling, fast charging technology, energy density improvements, advanced materials.
The growth of the lithium-ion batteries market is mainly driven due to the presence of high energy density features in lithium-ion batteries. High energy density helps the lithium-ion battery to run for a longer period. Most of the lithium-ion batteries used in portable devices are cobalt-based which offers the highest energy density. The energy density of the lithium-ion batteries is 100-265 Wh/kg or 250-670 Wh/L, which is one of the highest energy densities of any battery technology. High energy density in a lithium-ion battery made it the most preferred battery to be used in mobile phones, laptops, cameras and automobiles. Therefore, positively impacting the growth of lithium-ion batteries market.
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The lithium-ion (li-ion) market covered in this report is segmented –
1) By Type: Lithium Nickel Manganese Cobalt (LI-NMC); Lithium Iron Phosphate (LFP); Lithium Cobalt Oxide (LCO); Lithium Titanate Oxide (LTO); Lithium Manganese Oxide (LMO); Lithium Nickel Cobalt Aluminum Oxide (NCA)
2) By Component: Cathode; Anode; Separators; Electrolytes; Aluminum foil; Copper foil; Other Components
3) By Application: Consumer Electronics; Automotive; Marine; Aerospace & Defense; Medical; Industrial; Power; Other Applications
Sub-Segments
By Power Capacity: 0 to 3000 Mah; 3000 to 10000mAH; 10000 to 60000 Mah; Above 60000mAH
By Chemistry: LFP; LCO; LTO; NMC; NCA; LMO
The lithium-ion (li-ion) market report table of contents includes:
- Executive Summary
- Lithium-Ion (Li-Ion) Market Characteristics
- Lithium-Ion (Li-Ion) Market Trends And Strategies
- Lithium-Ion (Li-Ion) Market – Macro Economic Scenario
- Global Lithium-Ion (Li-Ion) Market Size and Growth
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- Global Lithium-Ion (Li-Ion) Market Competitive Benchmarking
- Global Lithium-Ion (Li-Ion) Market Competitive Dashboard
- Key Mergers And Acquisitions In The Lithium-Ion (Li-Ion) Market
- Lithium-Ion (Li-Ion) Market Future Outlook and Potential Analysis
- Appendix
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