Lithium-Ion Battery Market Size 2025-2029
The lithium-ion battery market size is forecast to increase by USD 405.1 billion at a CAGR of 34.5% between 2024 and 2029.
- The market is experiencing robust growth, driven primarily by the augmented demand from consumer electronics and the expanding adoption of electric vehicles. The consumer electronics sector, including smartphones, laptops, and tablets, continues to fuel market expansion due to the increasing preference for portable and high-performance devices. Furthermore, the growing popularity of fuel cell solutions, particularly in transportation and stationary applications, is expected to create significant opportunities for market participants. In addition to these drivers, legislative support for battery recycling is gaining momentum, presenting a potential avenue for reducing the environmental impact of lithium-ion batteries and mitigating supply chain risks.
- However, challenges persist, including the increasing competition from alternative battery technologies and the need for continuous research and development to improve battery efficiency, safety, and cost-effectiveness. Companies seeking to capitalize on market opportunities and navigate these challenges effectively must stay abreast of technological advancements, regulatory developments, and market trends.
What will be the Size of the Lithium-Ion Battery Market during the forecast period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Lithium-Ion Battery Market 2019 - 2023
- Historic Market Size - Data Table on Global Lithium-Ion Battery Market 2019 - 2023 ($ billion)
- 5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI in Global Lithium-ion Battery Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Lithium nickel manganese cobalt - Market size and forecast 2024-2029
- Chart on Lithium nickel manganese cobalt - Market size and forecast 2024-2029 ($ billion)
- Data Table on Lithium nickel manganese cobalt - Market size and forecast 2024-2029 ($ billion)
- Chart on Lithium nickel manganese cobalt - Year-over-year growth 2024-2029 (%)
- Data Table on Lithium nickel manganese cobalt - Year-over-year growth 2024-2029 (%)
- 8.4 Lithium titanate - Market size and forecast 2024-2029
- Chart on Lithium titanate - Market size and forecast 2024-2029 ($ billion)
- Data Table on Lithium titanate - Market size and forecast 2024-2029 ($ billion)
- Chart on Lithium titanate - Year-over-year growth 2024-2029 (%)
- Data Table on Lithium titanate - Year-over-year growth 2024-2029 (%)
- 8.5 Lithium iron phosphate - Market size and forecast 2024-2029
- Chart on Lithium iron phosphate - Market size and forecast 2024-2029 ($ billion)
- Data Table on Lithium iron phosphate - Market size and forecast 2024-2029 ($ billion)
- Chart on Lithium iron phosphate - Year-over-year growth 2024-2029 (%)
- Data Table on Lithium iron phosphate - Year-over-year growth 2024-2029 (%)
- 8.6 Lithium cobalt oxide - Market size and forecast 2024-2029
- Chart on Lithium cobalt oxide - Market size and forecast 2024-2029 ($ billion)
- Data Table on Lithium cobalt oxide - Market size and forecast 2024-2029 ($ billion)
- Chart on Lithium cobalt oxide - Year-over-year growth 2024-2029 (%)
- Data Table on Lithium cobalt oxide - Year-over-year growth 2024-2029 (%)
- 8.7 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by Application
- 9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 9.3 Automotive - Market size and forecast 2024-2029
- Chart on Automotive - Market size and forecast 2024-2029 ($ billion)
- Data Table on Automotive - Market size and forecast 2024-2029 ($ billion)
- Chart on Automotive - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive - Year-over-year growth 2024-2029 (%)
- 9.4 Consumer electronics - Market size and forecast 2024-2029
- Chart on Consumer electronics - Market size and forecast 2024-2029 ($ billion)
- Data Table on Consumer electronics - Market size and forecast 2024-2029 ($ billion)
- Chart on Consumer electronics - Year-over-year growth 2024-2029 (%)
- Data Table on Consumer electronics - Year-over-year growth 2024-2029 (%)
- 9.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
10 Market Segmentation by Voltage
- 10.1 Market segments
- Chart on Voltage - Market share (2024-2029) (%)
- Data Table on Voltage - Market share (2024-2029) (%)
- 10.2 Comparison by Voltage
- Chart on Comparison by Voltage
- Data Table on Comparison by Voltage
- 10.3 Low (Below 12V) - Market size and forecast (2024-2029)
- Chart on Low (Below 12V) - Market size and forecast (2024-2029) ($ million)
- Data Table on Low (Below 12V) - Market size and forecast (2024-2029) ($ million)
- Chart on Low (Below 12V) - Year-over-year growth (2024-2029) (%)
- Data Table on Low (Below 12V) - Year-over-year growth (2024-2029) (%)
- 10.4 Medium (12V - 36V) - Market size and forecast (2024-2029)
- Chart on Medium (12V - 36V) - Market size and forecast (2024-2029) ($ million)
- Data Table on Medium (12V - 36V) - Market size and forecast (2024-2029) ($ million)
- Chart on Medium (12V - 36V) - Year-over-year growth (2024-2029) (%)
- Data Table on Medium (12V - 36V) - Year-over-year growth (2024-2029) (%)
- 10.5 High (Above 36V) - Market size and forecast (2024-2029)
- Chart on High (Above 36V) - Market size and forecast (2024-2029) ($ million)
- Data Table on High (Above 36V) - Market size and forecast (2024-2029) ($ million)
- Chart on High (Above 36V) - Year-over-year growth (2024-2029) (%)
- Data Table on High (Above 36V) - Year-over-year growth (2024-2029) (%)
- 10.6 Market opportunity by Voltage
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
11 Market Segmentation by Capacity
- 11.1 Market segments
- Chart on Capacity - Market share (2024-2029) (%)
- Data Table on Capacity - Market share (2024-2029) (%)
- 11.2 Comparison by Capacity
- Chart on Comparison by Capacity
- Data Table on Comparison by Capacity
- 11.3 Below 3,000 mAh - Market size and forecast (2024-2029)
- Chart on Below 3,000 mAh - Market size and forecast (2024-2029) ($ million)
- Data Table on Below 3,000 mAh - Market size and forecast (2024-2029) ($ million)
- Chart on Below 3,000 mAh - Year-over-year growth (2024-2029) (%)
- Data Table on Below 3,000 mAh - Year-over-year growth (2024-2029) (%)
- 3,001-10,000 mAh - Market size and forecast (2024-2029)
- Chart on 3,001-10,000 mAh - Market size and forecast (2024-2029) ($ million)
- Data Table on 3,001-10,000 mAh - Market size and forecast (2024-2029) ($ million)
- Chart on 3,001-10,000 mAh - Year-over-year growth (2024-2029) (%)
- Data Table on 3,001-10,000 mAh - Year-over-year growth (2024-2029) (%)
- 10,001-60,000 mAh - Market size and forecast (2024-2029)
- Chart on 10,001-60,000 mAh - Market size and forecast (2024-2029) ($ million)
- Data Table on 10,001-60,000 mAh - Market size and forecast (2024-2029) ($ million)
- Chart on 10,001-60,000 mAh - Year-over-year growth (2024-2029) (%)
- Data Table on 10,001-60,000 mAh - Year-over-year growth (2024-2029) (%)
- 11.6 Above 60,000 mAh - Market size and forecast (2024-2029)
- Chart on Above 60,000 mAh - Market size and forecast (2024-2029) ($ million)
- Data Table on Above 60,000 mAh - Market size and forecast (2024-2029) ($ million)
- Chart on Above 60,000 mAh - Year-over-year growth (2024-2029) (%)
- Data Table on Above 60,000 mAh - Year-over-year growth (2024-2029) (%)
- 11.7 Market opportunity by Capacity
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 13.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 13.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 13.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 13.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 13.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 13.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 13.9 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 13.10 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 13.11 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 13.12 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 13.13 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 13.14 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 13.15 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 13.16 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 13.17 Sweden - Market size and forecast 2024-2029
- Chart on Sweden - Market size and forecast 2024-2029 ($ billion)
- Data Table on Sweden - Market size and forecast 2024-2029 ($ billion)
- Chart on Sweden - Year-over-year growth 2024-2029 (%)
- Data Table on Sweden - Year-over-year growth 2024-2029 (%)
- 13.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
14 Drivers, Challenges, and Opportunity/Restraints
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 14.4 Market opportunities/restraints
15 Competitive Landscape
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.2 Company ranking index
- 16.3 Market positioning of companies
- Matrix on companies position and classification
- 16.4 A123 Systems LLC
- A123 Systems LLC - Overview
- A123 Systems LLC - Product / Service
- A123 Systems LLC - Key offerings
- SWOT
- 16.5 Amperex Technology Ltd.
- Amperex Technology Ltd. - Overview
- Amperex Technology Ltd. - Product / Service
- Amperex Technology Ltd. - Key offerings
- SWOT
- 16.6 AT and T Inc.
- AT and T Inc. - Overview
- AT and T Inc. - Business segments
- AT and T Inc. - Key news
- AT and T Inc. - Key offerings
- AT and T Inc. - Segment focus
- SWOT
- 16.7 BYD Co. Ltd.
- BYD Co. Ltd. - Overview
- BYD Co. Ltd. - Business segments
- BYD Co. Ltd. - Key news
- BYD Co. Ltd. - Key offerings
- BYD Co. Ltd. - Segment focus
- SWOT
- 16.8 Envision Group
- Envision Group - Overview
- Envision Group - Product / Service
- Envision Group - Key offerings
- SWOT
- 16.9 Exide Industries Ltd.
- Exide Industries Ltd. - Overview
- Exide Industries Ltd. - Product / Service
- Exide Industries Ltd. - Key news
- Exide Industries Ltd. - Key offerings
- SWOT
- 16.10 GS Yuasa International Ltd.
- GS Yuasa International Ltd. - Overview
- GS Yuasa International Ltd. - Business segments
- GS Yuasa International Ltd. - Key news
- GS Yuasa International Ltd. - Key offerings
- GS Yuasa International Ltd. - Segment focus
- SWOT
- 16.11 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT
- 16.12 Johnson Controls
- Johnson Controls - Overview
- Johnson Controls - Business segments
- Johnson Controls - Key news
- Johnson Controls - Key offerings
- Johnson Controls - Segment focus
- SWOT
- 16.13 LG Chem Ltd.
- LG Chem Ltd. - Overview
- LG Chem Ltd. - Business segments
- LG Chem Ltd. - Key news
- LG Chem Ltd. - Key offerings
- LG Chem Ltd. - Segment focus
- SWOT
- 16.14 Panasonic Energy Co. Ltd.
- Panasonic Energy Co. Ltd. - Overview
- Panasonic Energy Co. Ltd. - Product / Service
- Panasonic Energy Co. Ltd. - Key offerings
- SWOT
- 16.15 Samsung SDI Co. Ltd.
- Samsung SDI Co. Ltd. - Overview
- Samsung SDI Co. Ltd. - Business segments
- Samsung SDI Co. Ltd. - Key news
- Samsung SDI Co. Ltd. - Key offerings
- Samsung SDI Co. Ltd. - Segment focus
- SWOT
- 16.16 Sony Group Corp.
- Sony Group Corp. - Overview
- Sony Group Corp. - Business segments
- Sony Group Corp. - Key news
- Sony Group Corp. - Key offerings
- Sony Group Corp. - Segment focus
- SWOT
- 16.17 Tesla Inc.
- Tesla Inc. - Overview
- Tesla Inc. - Business segments
- Tesla Inc. - Key news
- Tesla Inc. - Key offerings
- Tesla Inc. - Segment focus
- SWOT
- 16.18 Toshiba Corp.
- Toshiba Corp. - Overview
- Toshiba Corp. - Business segments
- Toshiba Corp. - Key news
- Toshiba Corp. - Key offerings
- Toshiba Corp. - Segment focus
- SWOT
17 Appendix
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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