- Lithium Cobalt Oxide (LCO)
- Lithium Iron Phosphate (LFP)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminum Oxide (NCA)
- Lithium Nickel Manganese Cobalt (Li-NMC)
- Lithium Titanate Oxide (Lto )
Lithium-Ion Battery Market size was valued at USD 42.1 billion in 2022 and is expected to reach a value of USD 50.1 billion by 2029, witness CAGR of 12.1% during the forecast period 2023 to 2029. Due to increasing demand of new markets, which work on electric vehicles and energy storage systems (ESS) for both commercial & residential applications, decreasing cost of lithium-ion batteries, increasing sales of smartphones, tablets/PCs, digital cameras, and power tools and increasing R&D activities for the development of lithium-ion battery market are the major factors that are driving the growth of the global lithium-ion battery market over the forecast timeframe. The report studies market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Increase in the demand for electronics such as smartphones, tablets/PCs, digital cameras, and power tools is a key factor drive the global lithium-ion battery market. The use of Lithium-ion batteries has increased due to its advantages like higher productivity, longer life expectancy and rechargeable nature. Moreover, concern towards environment regarding air pollution due to vehicles lead the companies to work on electric vehicles and the demand for them is increasing nowadays and increasing demand for electronic gadgets are anticipated to propel the global lithium-ion battery market over the forecast years.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Lithium-Ion Battery Market size was valued at USD 42.1 billion in 2022 and is expected to reach a value of USD 50.1 billion by 2029. witness CAGR of 12.1% during the forecast period 2023-2029.
The threats in the lithium-ion battery market include supply chain disruptions, resource scarcity, and safety concerns.
1. Executive Summary |
2. Global Lithium-ion Battery Market Introduction |
2.1. Global Lithium-ion Battery Market - Taxonomy |
2.2. Global Lithium-ion Battery Market - Definitions |
2.2.1. By Battery Chemistry |
2.2.2. By Source |
2.2.3. By Recycling Process |
2.2.4. By End User |
2.2.5. By Region |
3. Global Lithium-ion Battery Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Lithium-ion Battery Market Dynamic Factors - Impact Analysis |
3.6. Global Lithium-ion Battery Market - Competition Landscape |
4. Global Lithium-ion Battery Market Analysis,2018-2022 and Forecast, 2023-2029 |
4.1. Market Analysis,2018-2022 and Forecast, 2023-2029(Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Lithium-ion Battery Market, By Battery Chemistry, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.1. Lithium-nickel Manganese Cobalt (Li-NMC) |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Lithium-iron Phosphate (LFP) |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Lithium-manganese Oxide (LMO) |
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Lithium-titanate Oxide (LTO) |
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Lithium-nickel Cobalt Aluminum Oxide (NCA) |
5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Lithium-ion Battery Market, By Source, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.1. Electric Vehicles |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Electronics |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Power Tools |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Others |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7. Global Lithium-ion Battery Market, By Recycling Process, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.1. Hydrometallurgical Process |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Physical/Mechanical Process |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Pyrometallurgy Process |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Lithium-ion Battery Market, By End User, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.1. Automotive |
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Non-automotive |
8.2.1. Industrial |
8.2.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.1.3. Market Opportunity Analysis |
8.2.2. Power |
8.2.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.2.3. Market Opportunity Analysis |
8.2.3. Marine |
8.2.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3.3. Market Opportunity Analysis |
8.2.4. Others |
8.2.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.4.3. Market Opportunity Analysis |
9. Global Lithium-ion Battery Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Lithium-ion Battery Market - Opportunity Analysis Index, By Battery Chemistry, Source, Process, End User, and Region, 2023-2029 |
10. North America Lithium-ion Battery Market Analysis,2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
10.1. Battery Chemistry Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Lithium-nickel Manganese Cobalt (Li-NMC) |
10.1.2. Lithium-iron Phosphate (LFP) |
10.1.3. Lithium-manganese Oxide (LMO) |
10.1.4. Lithium-titanate Oxide (LTO) |
10.1.5. Lithium-nickel Cobalt Aluminum Oxide (NCA) |
10.2. Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Electric Vehicles |
10.2.2. Electronics |
10.2.3. Power Tools |
10.2.4. Others |
10.3. Process Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Hydrometallurgical Process |
10.3.2. Physical/Mechanical Process |
10.3.3. Pyrometallurgy Process |
10.4. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Automotive |
10.4.2. Non-automotive |
10.4.2.1. Industrial |
10.4.2.2. Power |
10.4.2.3. Marine |
10.4.2.4. Others |
10.5. Country Analysis 2018-2022 and Forecast 2023-2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Lithium-ion Battery Market - Opportunity Analysis Index, By Battery Chemistry, Source, Process, End User, and Country, 2023-2029 |
10.7. North America Lithium-ion Battery Market Dynamics - Trends |
11. Europe Lithium-ion Battery Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
11.1. Battery Chemistry Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Lithium-nickel Manganese Cobalt (Li-NMC) |
11.1.2. Lithium-iron Phosphate (LFP) |
11.1.3. Lithium-manganese Oxide (LMO) |
11.1.4. Lithium-titanate Oxide (LTO) |
11.1.5. Lithium-nickel Cobalt Aluminum Oxide (NCA) |
11.2. Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Electric Vehicles |
11.2.2. Electronics |
11.2.3. Power Tools |
11.2.4. Others |
11.3. Process Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Hydrometallurgical Process |
11.3.2. Physical/Mechanical Process |
11.3.3. Pyrometallurgy Process |
11.4. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Automotive |
11.4.2. Non-automotive |
11.4.2.1. Industrial |
11.4.2.2. Power |
11.4.2.3. Marine |
11.4.2.4. Others |
11.5. Country Analysis 2018-2022and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Lithium-ion Battery Market - Opportunity Analysis Index, By Battery Chemistry, Source, Process, End User, and Country, 2023-2029 |
11.7. Europe Lithium-ion Battery Market Dynamics - Trends |
12. Asia-Pacific Lithium-ion Battery Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
12.1. Battery Chemistry Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Lithium-nickel Manganese Cobalt (Li-NMC) |
12.1.2. Lithium-iron Phosphate (LFP) |
12.1.3. Lithium-manganese Oxide (LMO) |
12.1.4. Lithium-titanate Oxide (LTO) |
12.1.5. Lithium-nickel Cobalt Aluminum Oxide (NCA) |
12.2. Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Electric Vehicles |
12.2.2. Electronics |
12.2.3. Power Tools |
12.2.4. Others |
12.3. Recycling Process Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Hydrometallurgical Process |
12.3.2. Physical/Mechanical Process |
12.3.3. Pyrometallurgy Process |
12.4. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Automotive |
12.4.2. Non-automotive |
12.4.2.1. Industrial |
12.4.2.2. Power |
12.4.2.3. Marine |
12.4.2.4. Others |
12.5. Country Analysis2018-2022and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Lithium-ion Battery Market - Opportunity Analysis Index, By Battery Chemistry, Source, Process, End User, and Country,2023-2029 |
12.7. Asia-Pacific Lithium-ion Battery Market Dynamics - Trends |
13. Latin America Lithium-ion Battery Market Analysis,2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
13.1. Battery Chemistry Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Lithium-nickel Manganese Cobalt (Li-NMC) |
13.1.2. Lithium-iron Phosphate (LFP) |
13.1.3. Lithium-manganese Oxide (LMO) |
13.1.4. Lithium-titanate Oxide (LTO) |
13.1.5. Lithium-nickel Cobalt Aluminum Oxide (NCA) |
13.2. Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Electric Vehicles |
13.2.2. Electronics |
13.2.3. Power Tools |
13.2.4. Others |
13.3. Recycling Process Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Hydrometallurgical Process |
13.3.2. Physical/Mechanical Process |
13.3.3. Pyrometallurgy Process |
13.4. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Automotive |
13.4.2. Non-automotive |
13.4.2.1. Industrial |
13.4.2.2. Power |
13.4.2.3. Marine |
13.4.2.4. Others |
13.5. Country Analysis 2018-2022and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Lithium-ion Battery Market - Opportunity Analysis Index, By Battery Chemistry, Source, Process, End User, and Country, 2023-2029 |
13.7. Latin America Lithium-ion Battery Market Dynamics - Trends |
14. Middle East and Africa Lithium-ion Battery Market Analysis, 2018-2022and Forecast, 2023-2029(Revenue, USD Mn) |
14.1. Battery Chemistry Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Lithium-nickel Manganese Cobalt (Li-NMC) |
14.1.2. Lithium-iron Phosphate (LFP) |
14.1.3. Lithium-manganese Oxide (LMO) |
14.1.4. Lithium-titanate Oxide (LTO) |
14.1.5. Lithium-nickel Cobalt Aluminum Oxide (NCA) |
14.2. Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Electric Vehicles |
14.2.2. Electronics |
14.2.3. Power Tools |
14.2.4. Others |
14.3. Recycling Process Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Hydrometallurgical Process |
14.3.2. Physical/Mechanical Process |
14.3.3. Pyrometallurgy Process |
14.4. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Automotive |
14.4.2. Non-automotive |
14.4.2.1. Industrial |
14.4.2.2. Power |
14.4.2.3. Marine |
14.4.2.4. Others |
14.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Lithium-ion Battery Market - Opportunity Analysis Index, By Battery Chemistry, Source, Process, End User, and Country, 2023-2029 |
14.7. MEA Lithium-ion Battery Market Dynamics - Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, KeyOfferings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Glencore PLC |
15.2.2. Green Technology Solutions, Inc. |
15.2.3. Li-Cycle Technology |
15.2.4. Recupyl Sas |
15.2.5. Umicore SA |
15.2.6. Metal Conversion Technologies LLC |
15.2.7. Retriev Technologies Inc. |
15.2.8. Raw Materials Company |
15.2.9. TES-AMM Pte Ltd. |
15.2.10. American Battery Technology Company |
16. Research Methodology |
17. Key Assumptions and Acronyms |