Latest Market Research Reports

  Lithium-Ion Battery Industry Overview The global lithium-ion battery market was valued at an estimated USD 54.4 billion in 2023 and is projected to grow at a robust compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. A significant contributor to this growth is the automotive sector, which continues to adopt lithium-ion batteries due to their decreasing costs. The global push towards electric vehicles (EVs) is a key driver, with registrations of EVs expected to rise substantially over the forecast period as governments and industries align efforts to reduce carbon emissions and promote cleaner energy solutions. In North America, the U.S. emerged as the largest market for lithium-ion batteries in 2023, thanks to the rapid increase in EV sales. This growth is supported by favorable federal policies such as the American Recovery and Reinvestment Act of 2009, which introduced tax credits for purchasing electric vehicles. Furthermore, the implementation of new Corporate Aver...

Lithium-ion Battery Industry Overview The global lithium-ion battery market size was valued at USD 41.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.1% from 2022 to 2030.  The automobile sector is expected to witness significant growth owing to the rising adoption of electric vehicles. The worldwide registration of electric vehicles is anticipated to increase significantly over the forecast period. The U.S. emerged as the largest market in North America with a revenue share of over 75.0% in 2021. Increasing sales of electric vehicles in the U.S. owing to supportive federal policies, coupled with the presence of market players in the country, are expected to drive the demand for lithium-ion batteries in the U.S. over the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Lithium-ion Battery Market The federal policies include the American Recovery and Reinvestment Act of 2009, which offe...