Lithium-ion Battery Market Size, Share, and Trends 2024 to 2034

The global lithium-ion battery market size is calculated at USD 115.89 billion in 2025 and is forecasted to reach around USD 499.31 billion by 2034, accelerating at a CAGR of 17.69% from 2025 to 2034. The Asia Pacific lithium-ion battery market size surpassed USD 61.42 billion in 2025 and is expanding at a CAGR of 17.80% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year

  • Last Updated : January 2025
  • Report Code : 1623
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Lithium-ion Battery Market 

5.1. COVID-19 Landscape: Lithium-ion Battery Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Lithium-ion Battery Market, By Product Type

8.1. Lithium-ion Battery Market, by Product Type

8.1.1. Lithium cobalt oxide (LCO)

8.1.1.1. Market Revenue and Forecast

8.1.2. Lithium iron phosphate (LFP)

8.1.2.1. Market Revenue and Forecast

8.1.3. Lithium nickel cobalt aluminum oxide (NCA)

8.1.3.1. Market Revenue and Forecast

8.1.4. Lithium manganese oxide (LMO)

8.1.4.1. Market Revenue and Forecast

8.1.5. Lithium titanate

8.1.5.1. Market Revenue and Forecast

8.1.6. Lithium nickel manganese cobalt

8.1.6.1. Market Revenue and Forecast

Chapter 9. Global Lithium-ion Battery Market, By Application Type

9.1. Lithium-ion Battery Market, by Application Type

9.1.1. Consumer Electronics

9.1.1.1. Market Revenue and Forecast

9.1.2. Automotive

9.1.2.1. Market Revenue and Forecast

9.1.3. Industrial

9.1.3.1. Market Revenue and Forecast

9.1.4. Energy Storage System

9.1.4.1. Market Revenue and Forecast

Chapter 10. Global Lithium-ion Battery Market, By Component Type 

10.1. Lithium-ion Battery Market, by Component Type

10.1.1. Cathode

10.1.1.1. Market Revenue and Forecast

10.1.2. Anode

10.1.2.1. Market Revenue and Forecast

10.1.3. Electrolytic Solution

10.1.3.1. Market Revenue and Forecast

10.1.4. Others

10.1.4.1. Market Revenue and Forecast

Chapter 11. Global Lithium-ion Battery Market, By Capacity Type

11.1. Lithium-ion Battery Market, by Capacity Type

11.1.1. 0–3,000 mAh

11.1.1.1. Market Revenue and Forecast

11.1.2. 3,000–10,000 mAh

11.1.2.1. Market Revenue and Forecast

11.1.3. 10,000–60,000 mAh

11.1.3.1. Market Revenue and Forecast

11.1.4. 60,000 mAh and Above

11.1.4.1. Market Revenue and Forecast

Chapter 12. Global Lithium-ion Battery Market, By Voltage Type

12.1. Lithium-ion Battery Market, by Voltage

12.1.1. Low (Below 12V)

12.1.1.1. Market Revenue and Forecast

12.1.2. Medium (12V – 36V)

12.1.2.1. Market Revenue and Forecast

12.1.3. High (Above 36V)

12.1.3.1. Market Revenue and Forecast

Chapter 13. Global Lithium-ion Battery  Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Product

13.1.2. Market Revenue and Forecast, by Application

13.1.3. Market Revenue and Forecast, by Component

13.1.4. Market Revenue and Forecast, by Capacity

13.1.5. Market Revenue and Forecast, by Voltage

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Product

13.1.6.2. Market Revenue and Forecast, by Application

13.1.6.3. Market Revenue and Forecast, by Component

13.1.6.4. Market Revenue and Forecast, by Capacity

13.1.7. Market Revenue and Forecast, by Voltage  

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Product

13.1.8.2. Market Revenue and Forecast, by Application

13.1.8.3. Market Revenue and Forecast, by Component

13.1.8.4. Market Revenue and Forecast, by Capacity

13.1.8.5. Market Revenue and Forecast, by Voltage

13.2. Europe

13.2.1. Market Revenue and Forecast, by Product

13.2.2. Market Revenue and Forecast, by Application

13.2.3. Market Revenue and Forecast, by Component

13.2.4. Market Revenue and Forecast, by Capacity  

13.2.5. Market Revenue and Forecast, by Voltage  

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Product

13.2.6.2. Market Revenue and Forecast, by Application

13.2.6.3. Market Revenue and Forecast, by Component

13.2.7. Market Revenue and Forecast, by Capacity  

13.2.8. Market Revenue and Forecast, by Voltage  

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Product

13.2.9.2. Market Revenue and Forecast, by Application

13.2.9.3. Market Revenue and Forecast, by Component

13.2.10. Market Revenue and Forecast, by Capacity

13.2.11. Market Revenue and Forecast, by Voltage

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Product

13.2.12.2. Market Revenue and Forecast, by Application

13.2.12.3. Market Revenue and Forecast, by Component

13.2.12.4. Market Revenue and Forecast, by Capacity

13.2.13. Market Revenue and Forecast, by Voltage

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Product

13.2.14.2. Market Revenue and Forecast, by Application

13.2.14.3. Market Revenue and Forecast, by Component

13.2.14.4. Market Revenue and Forecast, by Capacity

13.2.15. Market Revenue and Forecast, by Voltage

13.3. APAC

13.3.1. Market Revenue and Forecast, by Product

13.3.2. Market Revenue and Forecast, by Application

13.3.3. Market Revenue and Forecast, by Component

13.3.4. Market Revenue and Forecast, by Capacity

13.3.5. Market Revenue and Forecast, by Voltage

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Product

13.3.6.2. Market Revenue and Forecast, by Application

13.3.6.3. Market Revenue and Forecast, by Component

13.3.6.4. Market Revenue and Forecast, by Capacity

13.3.7. Market Revenue and Forecast, by Voltage

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Product

13.3.8.2. Market Revenue and Forecast, by Application

13.3.8.3. Market Revenue and Forecast, by Component

13.3.8.4. Market Revenue and Forecast, by Capacity

13.3.9. Market Revenue and Forecast, by Voltage

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Product

13.3.10.2. Market Revenue and Forecast, by Application

13.3.10.3. Market Revenue and Forecast, by Component

13.3.10.4. Market Revenue and Forecast, by Capacity

13.3.10.5. Market Revenue and Forecast, by Voltage

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Product

13.3.11.2. Market Revenue and Forecast, by Application

13.3.11.3. Market Revenue and Forecast, by Component

13.3.11.4. Market Revenue and Forecast, by Capacity

13.3.11.5. Market Revenue and Forecast, by Voltage

13.4. MEA

13.4.1. Market Revenue and Forecast, by Product

13.4.2. Market Revenue and Forecast, by Application

13.4.3. Market Revenue and Forecast, by Component

13.4.4. Market Revenue and Forecast, by Capacity

13.4.5. Market Revenue and Forecast, by Voltage

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Product

13.4.6.2. Market Revenue and Forecast, by Application

13.4.6.3. Market Revenue and Forecast, by Component

13.4.6.4. Market Revenue and Forecast, by Capacity

13.4.7. Market Revenue and Forecast, by Voltage

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Product

13.4.8.2. Market Revenue and Forecast, by Application

13.4.8.3. Market Revenue and Forecast, by Component

13.4.8.4. Market Revenue and Forecast, by Capacity

13.4.9. Market Revenue and Forecast, by Voltage

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Product

13.4.10.2. Market Revenue and Forecast, by Application

13.4.10.3. Market Revenue and Forecast, by Component

13.4.10.4. Market Revenue and Forecast, by Capacity

13.4.10.5. Market Revenue and Forecast, by Voltage

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Product

13.4.11.2. Market Revenue and Forecast, by Application

13.4.11.3. Market Revenue and Forecast, by Component

13.4.11.4. Market Revenue and Forecast, by Capacity

13.4.11.5. Market Revenue and Forecast, by Voltage

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Product

13.5.2. Market Revenue and Forecast, by Application

13.5.3. Market Revenue and Forecast, by Component

13.5.4. Market Revenue and Forecast, by Capacity

13.5.5. Market Revenue and Forecast, by Voltage

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Product

13.5.6.2. Market Revenue and Forecast, by Application

13.5.6.3. Market Revenue and Forecast, by Component

13.5.6.4. Market Revenue and Forecast, by Capacity

13.5.7. Market Revenue and Forecast, by Voltage

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Product

13.5.8.2. Market Revenue and Forecast, by Application

13.5.8.3. Market Revenue and Forecast, by Component

13.5.8.4. Market Revenue and Forecast, by Capacity

13.5.8.5. Market Revenue and Forecast, by Voltage

Chapter 14. Company Profiles

14.1. Panasonic Corporation

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. BYD Company

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Samsung SDI

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. LG Chem

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Contemporary Amperex Technology Co. Ltd

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Saft Group S.A.

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Toshiba Corporation

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. BAK Power

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Automotive Energy Supply Corporation

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. A123 System

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global lithium-ion battery market size was reached at USD 97.88 billion in 2024 and is anticipated to rake USD 499.31 billion by 2034.

The global lithium-ion battery market is expected to drive growth at a CAGR of 17.69% from 2025 to 2034.

The major players operating in the lithium-ion battery market are Panasonic Corporation, BYD Company, Samsung SDI, LG Chem, Contemporary Amperex Technology Co. Ltd, Saft Group S.A., Toshiba Corporation, BAK Power, Automotive Energy Supply Corporation, and A123 System.

The increasing renewable energy sector is driving the lithium-ion battery market. The government is continually investing in energy and infrastructure development projects, which is assisting in the growth and development of the lithium-ion battery market.

Asia-Pacific is the largest segment for lithium-ion battery market and will lead in the near future.

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