Market Overview

The Global Lithium-ion Battery Market was valued at USD 59,860.8 million in 2023 and is expected to reach USD 173,169.4 million by 2031 while growing at a CAGR of 14.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global lithium-ion battery market growth. The widely popular Lithium-ion (Li-ion) battery, known for high energy density and efficiency, is commonly used in electronic devices, electric vehicles (EVs), renewable energy storage systems, and various applications.

Increasing demand for electric vehicles and portable electronics propels the growth of the lithium-ion (Li-ion) battery market. However, challenges like raw material supply, price volatility, and recycling issues could impede market expansion.

Furthermore, the global lithium-ion battery industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Lithium-ion Battery Market is segmented among Electronic Devices, Automobile, Stationary Energy Storage (UPS, Renewables, Industrial), and Other Applications, based on Application. In 2023, Automobile accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Lithium-ion Battery Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are BYD Company Limited, Contemporary Amperex Technology Co. Limited, LG Chem Ltd, Panasonic Corporation, Samsung SDI, Sony Corporation, Tesla Inc., and Tianjin Lishen Battery Joint-Stock Co. Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Lithium-ion Battery Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Lithium-ion Battery Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Lithium-ion Battery Market Segmentation, By Application  

• Global Lithium-ion Battery Market Share Analysis, By Application   

• Global Lithium-ion Battery Market Growth Analysis, By Application   

• Global Lithium-ion Battery Market Trends, By Application  

o Electronic Devices

o Automobile

o Stationary Energy Storage (UPS, Renewables, Industrial)

o Other Applications (Power Tools, Medical Devices, and Others)

6. Global Lithium-ion Battery Market Segmentation, By Region

• Global Lithium-ion Battery Market Share Analysis, By Region

• Global Lithium-ion Battery Market Growth Analysis, By Region

• Global Lithium-ion Battery Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• BYD Company Limited*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Contemporary Amperex Technology Co. Limited

• LG Chem Ltd

• Panasonic Corporation

• Samsung SDI

• Sony Corporation

• Tesla Inc.

• Tianjin Lishen Battery Joint-Stock Co. Ltd

 *Similar analysis will be provided for each company listed above.