PUBLISHER: BCC Research | PRODUCT CODE: 1691628
PUBLISHER: BCC Research | PRODUCT CODE: 1691628
The global market for lithium-ion battery (LIB) is expected to grow from $117.8 billion in 2024 and is projected to reach $221.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.5% during the forecast period of 2024 to 2029.
The Asia-Pacific LIB market is expected to grow from $82.2 billion in 2024 and is projected to reach $148.9 billion by the end of 2029, at a CAGR of 12.6% during the forecast period of 2024 to 2029.
The European LIB market is expected to grow from $18.2 billion in 2024 and is projected to reach $36.9 billion by the end of 2029, at a CAGR of 15.2% during the forecast period of 2024 to 2029.
This report analyzes different components in the global lithium-ion battery (LIB) market, including cathode, anode, electrolyte, separator and others (packaging materials, Au/Cu foil, etc.). It also examines different types of LIBs, including lithium nickel manganese cobalt (NMC), lithium iron phosphate (LFP), lithium nickel cobalt aluminum oxide (NCA) and others (lithium cobalt oxide [LCO], lithium titanate oxide [LTO], lithium manganese oxide [LMO]). The report also reviews different applications in the industry, including automotive, consumer electronics, energy storage systems (ESS) and others (industrial, medical devices, aerospace and telecommunications). The global LIB market is segmented by capacity, including below 3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and 60,000 mAh and above.
Additionally, the report analyzes emerging technologies and developments, trends, competitive landscape and market dynamics. It also features a patent analysis of the LIB market, a chapter on environmental, social, and governance (ESG) considerations in development, and an examination of macroeconomic factors and emerging technologies. The report also includes a regional analysis of the markets in North America, Europe, Asia-Pacific and the Rest of the World (RoW, which includes South America, Middle East and Africa). Finally, it offers in-depth profiles of leading companies in the global market.
This analysis uses 2023 as its base year, with estimates for 2024 and forecasts through 2029. All market values are reported in U.S. dollars (USD) in millions.