Lithium Ion Battery Market Size, Share, Trends, Growth and Forecast 2034
Lithium Ion Battery Market By Product (Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate, and Lithium Nickel Manganese Cobalt (LMC)), By Application (Automotive, Consumer Electronics, Industrial, Energy Storage Systems, and Medical Devices), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
Category: Energy & Mining Report Format : PDF
Pages: 221 Report Code: ZMR-9312
Published Date: Mar-2025 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 65.2 Billion | USD 397 Billion | 19.8% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Lithium Ion Battery Market, (2025 - 2034) (USD Billion)
- 2.2 Global Lithium Ion Battery Market : snapshot
- Chapter 3. Global Lithium Ion Battery Market - Industry Analysis
- 3.1 Lithium Ion Battery Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising EV adoption drives market growth
- 3.3 Market Restraints
- 3.3.1. Lack of charging infrastructure hinders market growth
- 3.4 Market Opportunities
- 3.4.1. Technological breakthrough offers a lucrative opportunity for market growth
- 3.5 Market Challenges
- 3.5.1. Competition from alternative technology poses a major challenge to market expansion
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Lithium Ion Battery Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Lithium Ion Battery Market: company market share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Lithium Ion Battery Market - Product Analysis
- 5.1 Global Lithium Ion Battery Market overview: By Product
- 5.1.1 Global Lithium Ion Battery Market share, By Product, 2024 and 2034
- 5.2 Lithium Cobalt Oxide (LCO)
- 5.2.1 Global Lithium Ion Battery Market by Lithium Cobalt Oxide (LCO), 2025 - 2034 (USD Billion)
- 5.3 Lithium Iron Phosphate (LFP)
- 5.3.1 Global Lithium Ion Battery Market by Lithium Iron Phosphate (LFP), 2025 - 2034 (USD Billion)
- 5.4 Lithium Nickel Cobalt Aluminum Oxide (NCA)
- 5.4.1 Global Lithium Ion Battery Market by Lithium Nickel Cobalt Aluminum Oxide (NCA), 2025 - 2034 (USD Billion)
- 5.5 Lithium Manganese Oxide (LMO)
- 5.5.1 Global Lithium Ion Battery Market by Lithium Manganese Oxide (LMO), 2025 - 2034 (USD Billion)
- 5.6 Lithium Titanate
- 5.6.1 Global Lithium Ion Battery Market by Lithium Titanate, 2025 - 2034 (USD Billion)
- 5.7 Lithium Nickel Manganese Cobalt (LMC)
- 5.7.1 Global Lithium Ion Battery Market by Lithium Nickel Manganese Cobalt (LMC), 2025 - 2034 (USD Billion)
- 5.1 Global Lithium Ion Battery Market overview: By Product
- Chapter 6. Global Lithium Ion Battery Market - Application Analysis
- 6.1 Global Lithium Ion Battery Market overview: By Application
- 6.1.1 Global Lithium Ion Battery Market share, By Application, 2024 and 2034
- 6.2 Automotive
- 6.2.1 Global Lithium Ion Battery Market by Automotive, 2025 - 2034 (USD Billion)
- 6.3 Consumer Electronics
- 6.3.1 Global Lithium Ion Battery Market by Consumer Electronics, 2025 - 2034 (USD Billion)
- 6.4 Industrial
- 6.4.1 Global Lithium Ion Battery Market by Industrial, 2025 - 2034 (USD Billion)
- 6.5 Energy Storage Systems
- 6.5.1 Global Lithium Ion Battery Market by Energy Storage Systems, 2025 - 2034 (USD Billion)
- 6.6 Medical Devices
- 6.6.1 Global Lithium Ion Battery Market by Medical Devices, 2025 - 2034 (USD Billion)
- 6.1 Global Lithium Ion Battery Market overview: By Application
- Chapter 7. Lithium Ion Battery Market - Regional Analysis
- 7.1 Global Lithium Ion Battery Market Regional Overview
- 7.2 Global Lithium Ion Battery Market Share, by Region, 2024 & 2034 (USD Billion)
- 7.3. North America
- 7.3.1 North America Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.3.1.1 North America Lithium Ion Battery Market, by Country, 2025 - 2034 (USD Billion)
- 7.3.1 North America Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.4 North America Lithium Ion Battery Market, by Product, 2025 - 2034
- 7.4.1 North America Lithium Ion Battery Market, by Product, 2025 - 2034 (USD Billion)
- 7.5 North America Lithium Ion Battery Market, by Application, 2025 - 2034
- 7.5.1 North America Lithium Ion Battery Market, by Application, 2025 - 2034 (USD Billion)
- 7.4. Europe
- 7.4.2 Europe Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.4.2.1 Europe Lithium Ion Battery Market, by Country, 2025 - 2034 (USD Billion)
- 7.4.2 Europe Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.4 Europe Lithium Ion Battery Market, by Product, 2025 - 2034
- 7.4.1 Europe Lithium Ion Battery Market, by Product, 2025 - 2034 (USD Billion)
- 7.5 Europe Lithium Ion Battery Market, by Application, 2025 - 2034
- 7.5.1 Europe Lithium Ion Battery Market, by Application, 2025 - 2034 (USD Billion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.5.3.1 Asia Pacific Lithium Ion Battery Market, by Country, 2025 - 2034 (USD Billion)
- 7.5.3 Asia Pacific Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.4 Asia Pacific Lithium Ion Battery Market, by Product, 2025 - 2034
- 7.4.1 Asia Pacific Lithium Ion Battery Market, by Product, 2025 - 2034 (USD Billion)
- 7.5 Asia Pacific Lithium Ion Battery Market, by Application, 2025 - 2034
- 7.5.1 Asia Pacific Lithium Ion Battery Market, by Application, 2025 - 2034 (USD Billion)
- 7.6. Latin America
- 7.6.4 Latin America Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.6.4.1 Latin America Lithium Ion Battery Market, by Country, 2025 - 2034 (USD Billion)
- 7.6.4 Latin America Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.4 Latin America Lithium Ion Battery Market, by Product, 2025 - 2034
- 7.4.1 Latin America Lithium Ion Battery Market, by Product, 2025 - 2034 (USD Billion)
- 7.5 Latin America Lithium Ion Battery Market, by Application, 2025 - 2034
- 7.5.1 Latin America Lithium Ion Battery Market, by Application, 2025 - 2034 (USD Billion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.7.5.1 The Middle-East and Africa Lithium Ion Battery Market, by Country, 2025 - 2034 (USD Billion)
- 7.7.5 The Middle-East and Africa Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 7.4 The Middle-East and Africa Lithium Ion Battery Market, by Product, 2025 - 2034
- 7.4.1 The Middle-East and Africa Lithium Ion Battery Market, by Product, 2025 - 2034 (USD Billion)
- 7.5 The Middle-East and Africa Lithium Ion Battery Market, by Application, 2025 - 2034
- 7.5.1 The Middle-East and Africa Lithium Ion Battery Market, by Application, 2025 - 2034 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 BYD Co. Ltd.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 A123 Systems LLC
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Hitachi Ltd.
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Johnson Controls
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 LG Chem
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 NEC Corp.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Panasonic Corp.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Saft
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Samsung SDI Co. Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Toshiba Corp.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 GS Yuasa International Ltd.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Narada Power Source Co. Ltd.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 BAK Group
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Blue Energy Limited
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 CBAK Energy Technology Inc.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Tianjin Lishen Battery Joint-Stock CO. LTD.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Valence Technology Inc.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 SK innovation Co. Ltd.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 and others.
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.1 BYD Co. Ltd.
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Lithium Ion Battery Market attractiveness, By Product
- 6. Global Lithium Ion Battery Market attractiveness, By Application
- 7. Global Lithium Ion Battery Market share by Product, 2025 and 2034 (USD Billion)
- 8. Global Lithium Ion Battery Market by Lithium Cobalt Oxide (LCO), 2025 - 2034 (USD Billion)
- 9. Global Lithium Ion Battery Market by Lithium Iron Phosphate (LFP), 2025 - 2034 (USD Billion)
- 10. Global Lithium Ion Battery Market by Lithium Nickel Cobalt Aluminum Oxide (NCA), 2025 - 2034 (USD Billion)
- 11. Global Lithium Ion Battery Market by Lithium Manganese Oxide (LMO), 2025 - 2034 (USD Billion)
- 12. Global Lithium Ion Battery Market by Lithium Titanate, 2025 - 2034 (USD Billion)
- 13. Global Lithium Ion Battery Market by Lithium Nickel Manganese Cobalt (LMC), 2025 - 2034 (USD Billion)
- 14. Global Lithium Ion Battery Market share by Application, 2025 and 2034 (USD Billion)
- 15. Global Lithium Ion Battery Market by Automotive, 2025 - 2034 (USD Billion)
- 16. Global Lithium Ion Battery Market by Consumer Electronics, 2025 - 2034 (USD Billion)
- 17. Global Lithium Ion Battery Market by Industrial, 2025 - 2034 (USD Billion)
- 18. Global Lithium Ion Battery Market by Energy Storage Systems, 2025 - 2034 (USD Billion)
- 19. Global Lithium Ion Battery Market by Medical Devices, 2025 - 2034 (USD Billion)
- 20. Global Lithium Ion Battery Market share, by Region, 2025 and 2034
- 21. North America Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 22. Europe Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 23. Asia Pacific Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 24. Latin America Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
- 25. The Middle-East and Africa Lithium Ion Battery Market, 2025 - 2034 (USD Billion)
Table Of Tables
- 1. Global Lithium Ion Battery Market: Snapshot
- 2. Drivers of the Lithium Ion Battery Market: impact analysis
- 3. North America Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 4. North America Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 5. U.S. Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 6. U.S. Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 7. Canada Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 8. Canada Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 9. Europe Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 10. Europe Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 11. Germany Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 12. Germany Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 13. France Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 14. France Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 15. U.K. Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 16. U.K. Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 17. Italy Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 18. Italy Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 19. Spain Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 20. Spain Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 21. Rest of Europe Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 22. Rest of Europe Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 23. Asia Pacific Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 24. Asia Pacific Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 25. China Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 26. China Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 27. Japan Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 28. Japan Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 29. India Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 30. India Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 31. South Korea Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 32. South Korea Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 33. South-East Asia Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 34. South-East Asia Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 35. Rest of Asia Pacific Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 36. Rest of Asia Pacific Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 37. Latin America Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 38. Latin America Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 39. Brazil Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 40. Brazil Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 41. Mexico Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 42. Mexico Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 43. Rest of Latin America Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 44. Rest of Latin America Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 45. The Middle-East and Africa Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 46. The Middle-East and Africa Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 47. GCC Countries Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 48. GCC Countries Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 49. South Africa Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 50. South Africa Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
- 51. Rest of Middle-East Africa Lithium Ion Battery Market revenue, By Product, 2025 - 2034 (USD Billion)
- 52. Rest of Middle-East Africa Lithium Ion Battery Market revenue, By Application, 2025 - 2034 (USD Billion)
Methodology
FrequentlyAsked Questions
Reversely intercalated Li+ ions find a place in electrically conducting materials used in rechargeable batteries, sometimes referred to as Li-ion batteries. Li-ion batteries distinguish themselves from other commercial rechargeable batteries in their higher specific energy, energy density, energy efficiency, cycle life, and longer life.
Among the several factors influencing the market for lithium ion batteries are government policies, the growing renewable energy sector, consumer electronics development, and the rising popularity of electric cars.
According to the report, the global lithium ion battery market size was worth around USD 65.2 billion in 2024 and is predicted to grow to around USD 397 billion by 2034.
The global lithium ion battery market is expected to grow at a CAGR of 19.8% during the forecast period.
The global lithium ion battery market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the increasing focus on renewable energy sources, and the growing adoption of EVs, particularly in China and India.
The global lithium ion battery market is dominated by players like BYD Co., Ltd., A123 Systems LLC; Hitachi, Ltd., Johnson Controls, LG Chem, NEC Corp., Panasonic Corp., Saft, Samsung SDI Co., Ltd., Toshiba Corp., GS Yuasa International Ltd., Narada Power Source Co., Ltd., BAK Group, Blue Energy Limited, CBAK Energy Technology, Inc., Tianjin Lishen Battery Joint-Stock CO., LTD., Valence Technology, Inc. and SK innovation Co., Ltd among others.
The lithium ion battery market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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