Innovative battery solutions address issues regarding energy density, battery life, and safety. This report explores key market data as well as areas of innovation and their implications for battery companies worldwide, as well as the global transition to renewable energy.
Battery manufacturing is a dynamic industry and scaling it up creates opportunities to diversify battery supply chains. Battery manufacturing capacity is set to expand rapidly and, if all announced plants are built on time, would be practically sufficient to meet the battery requirements of the NZE Scenario in 2030. While China is set to expand
Battery Market Size & Trends. The global battery market size was estimated at USD 134,622.4 million in 2024 and is projected to grow at a CAGR of 16.4% from 2025 to 2030. The increasing adoption of electric vehicles (EVs) is a
Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022, from about 330 GWh in 2021, primarily as a result of growth in electric passenger car sales, with new registrations increasing by 55% in 2022
3. 3 TABLE OF CONTENTS Part 2/3 Li-ion Battery Supply Chain 95 Numerous players can find opportunities in the Li-ion battery business Li-ion battery raw material suppliers – cobalt Cobalt supply chain flow Li-ion battery raw material suppliers – lithium Lithium supply chain is being reshaped Ganfeng Lithium supply partnerships Lithium resources and applications Li
The battery revolution could reduce cumulative greenhouse-gas emissions by up to 70 GtCO 2 e between 2021 and 2050 in the road transport sector alone. However, the battery industry will need to prioritize the decarbonization of its own industry to maintain its credibility. Our analysis suggests that material and manufacturing emissions could
STATUS OF THE RECHARGEABLE LI-ION BATTERY INDUSTRY 2019 Market & Technology Report - May 2019 E-mobility continues to strongly drive Li-ion battery demand. WHAT''S NEW • Expanded overview of the application trends driving future needs for battery characteristics and demand • Insights into battery recycling methods • Focus on NCM 811 battery technology •
Innovative battery solutions address issues regarding energy density, battery life, and safety. This report explores key market data as well as areas of innovation and their implications for battery companies worldwide, as well as the global
Lithium iron phosphate (LiFePO4, LFP) has long been a key player in the lithium battery industry for its exceptional stability, safety, and cost-effectiveness as a cathode material. Major car makers (e.g., Tesla, Volkswagen, Ford, Toyota) have either incorporated or are considering the use of LFP-based batteries in their latest electric vehicle (EV) models. Despite
Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022, from about 330 GWh in 2021, primarily as a result of growth in electric passenger car sales, with new registrations increasing by 55% in 2022 relative to 2021.
Demand for EV batteries reached more than 750 GWh in 2023, up 40% relative to 2022, though the annual growth rate slowed slightly compared to in 2021‑2022. Electric cars account for
With the dawn of electromobility and the resulting increase in EV production, the market for EV batteries has seen consistently high growth rates over the past few years. In 2017, for instance, global EV-battery manufacturers produced an estimated 30 gigawatt-hours of storage capacity, almost 60 percent more than in the previous year—a trend that is poised to
This report presents graphs and tables about the global market for batteries. It provides data on the battery capacity worldwide and on the market share and performances of different battery...
Status of the Battery Industry Korea is a global leader in the battery industry aiming to turning crisis to opportunity amidst changes in the global trade environment. The battery industry is playing a key role in the global energy transition and is growing rapidly based on carbon neutral targets set by developed countries to respond to climate change and the
As EV sales continue to increase in today''s major markets in China, Europe and the United States, as well as expanding across more countries, demand for EV batteries is also set to grow quickly. In the STEPS, EV battery demand grows four-and-a-half times by 2030, and almost seven times by 2035 compared to 2023.
Key growth enablers of the global battery market: Growing demand for portable electronics; Incentives for EV battery manufacturing; High demand for automotive applications, especially from electric vehicles. A diverse range of batteries are experiencing increased demand for automotive applications, particularly in electric and hybrid vehicles
It is projected that between 2022 and 2030, the global demand for lithium-ion batteries will increase almost seven-fold, reaching 4.7 terawatt-hours in 2030. Much of this growth can be attributed...
As EV sales continue to increase in today''s major markets in China, Europe and the United States, as well as expanding across more countries, demand for EV batteries is also set to
We estimate the global battery market will see 30%-40% annual growth in 2024-2025, mainly supported by our anticipated sales growth of electric vehicles (EVs) in
Key growth enablers of the global battery market: Growing demand for portable electronics; Incentives for EV battery manufacturing; High demand for automotive applications, especially from electric vehicles. A diverse range of batteries are
The battery industry is accelerating plans to develop more affordable chemistries and novel designs. Over the last five years, LFP has moved from a minor share to the rising star of the battery industry, supplying more than 40% of EV demand globally by capacity in 2023, more than double the share recorded in 2020. LFP production and adoption is primarily located in China,
Status of Rechargeable Li-ion Battery Industry 2019 | Sample | | ©2019 . 3 TABLE OF CONTENTS Part 2/3 Li-ion Battery Supply Chain 95 Numerous players can find opportunities in the Li-ion battery business Li-ion battery raw material suppliers –cobalt Cobalt supply chain flow Li-ion battery raw material suppliers –lithium Lithium supply chain is being reshaped Ganfeng
Batteries are gaining traction in the clean electrification pathway to decarbonization. Their global manufacturing capacity was forecast to grow from two to seven terawatt-hours from 2023 to...
Demand for EV batteries reached more than 750 GWh in 2023, up 40% relative to 2022, though the annual growth rate slowed slightly compared to in 2021‑2022. Electric cars account for 95% of this growth.
Battery demand is forecast to grow at a CAGR (continuous annual growth rate) of ~25% from 2020 to 2030. Most investment will support meeting the transportation industry which will account for more than 85% of battery demand by 2030. This rapid growth presents great opportunities to support the green transition. However, paving the way for this growth comes
We estimate the global battery market will see 30%-40% annual growth in 2024-2025, mainly supported by our anticipated sales growth of electric vehicles (EVs) in China. Fading EV subsidies in Europe and less aggressive emission standard targets in U.S. could moderate EV sales and battery demand growth in these regions during the period.
We estimate the global battery market will see 30%-40% annual growth in 2024-2025, mainly supported by our anticipated sales growth of electric vehicles (EVs) in China. Fading EV subsidies in Europe and less aggressive emission standard targets in U.S. could moderate EV sales and battery demand growth in these regions during the period.
Just as analysts tend to underestimate the amount of energy generated from renewable sources, battery demand forecasts typically underestimate the market size and are regularly corrected upwards.
As EV sales continue to increase in today’s major markets in China, Europe and the United States, as well as expanding across more countries, demand for EV batteries is also set to grow quickly. In the STEPS, EV battery demand grows four-and-a-half times by 2030, and almost seven times by 2035 compared to 2023.
Key growth enablers of the global battery market: A diverse range of batteries are experiencing increased demand for automotive applications, particularly in electric and hybrid vehicles. An automotive battery plays a vital role in a vehicle’s powertrain, functioning independently of the gasoline used for propulsion.
As manufacturing capacity expands in the major electric car markets, we expect battery production to remain close to EV demand centres through to 2030, based on the announced pipeline of battery manufacturing capacity expansion as of early 2024.
Chinese and Korean battery players will remain in the lead in the global battery market on their technology advantages and strong ties with automakers in the next few years at least. We will likely see market consolidation in China's battery market under the new guidance by the Chinese government to improve overcapacity issues.
We are deeply committed to excellence in all our endeavors.
Since we maintain control over our products, our customers can be assured of nothing but the best quality at all times.