Global Lithium Ion Battery Market Overview

size was valued at USD 56.12 Billion in 2023 and the total Lithium Ion Battery Market revenue is expected to grow at a CAGR of 18.25% from 2024 to 2030, reaching nearly USD 181.45 Billion.

Lithium Ion Battery Market Overview

Lithium-ion batteries, often known as Li-ion batteries, are a form of rechargeable battery that is extensively utilised in contemporary electronics and transportation. The need for lithium-ion batteries has increased due to the rise in popularity of electric vehicles, such as motorbikes and cars. Furthermore, there has been a noticeable increase in demand for lithium-ion batteries as a result of the widespread use of these batteries in consumer devices like laptops and mobile phones.

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Lithium Ion Battery Market Regional Insights

In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the  Lithium Ion Battery  market conditions in various nations thanks to the research's regional analysis. The  Lithium Ion Battery  market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.

Lithium Ion Battery Market Segmentation

by Type
Li-NMC
LFP
LCO
LTO

The Lithium Ion Battery Market is divided into four segments based on type: Li-NMC, LFP, LCO, and LTO. In 2023, the Lithium Cobalt Oxide (LCO) category accounted for 34.14% of the market, the biggest share. The demand for products in this market is being driven by the increasing use of LCO batteries in electric bikes, power tools, and other electric powered trains. Additionally, during the forecast period, their demand is anticipated to rise due to their reduced cost, longer cycle life, and higher energy density.

 

by Application
Automotive
Marine
Aerospace and Defense
Industrial
Consumer Electronics
Others

The Automotive segment, accounting for 35.12% of the market in 2023, is experiencing growth due to increased awareness of battery-powered vehicles and rising fossil fuel prices.

by Material
Cathode Material
Anode Materials


by Capacity
0 to 3,000 mAh
3,000 to 10,000 mAh
10,000 to 60,000 mAh
60,000 mAh and Above


by Voltage Low (Below 12 V)
Medium (12 V-36 V)
High (Above 36 V)

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Lithium Ion Battery  Market Key Players

North America Lithium Ion Battery Market:
1. A123 Systems LLC (United States)
2. Tesla Inc (United States)
3. Enphase Energy, Inc. (United States)

Europe Lithium Ion Battery Market:

1. JOHNSON CONTROLS (Ireland)
2. Saft (France)
3. VARTA AG (Germany)
4. LITHIUM WERKS (Netherlands)

Asia Pacific Lithium Ion Battery Market

North America
1. EnerSys
2. Livent
3. Ballard Power Systems
4. QuantumScape
5. East Penn
6. Electrovaya

Europe
7. Northvolt
8. Skeleton Technologies
9. EAS Batteries
10. Blue Solutions
11. Forsee Power
 
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List of Contents :  Lithium Ion Battery  Market

Part 01: Executive Summary

Part 02: Scope of the  Lithium Ion Battery  Market Report

Part 03:  Lithium Ion Battery  Market Landscape

Part 04:  Lithium Ion Battery  Market Sizing

Part 05:  Lithium Ion Battery  Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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