Report Summary. In terms of revenue, the global battery market was valued at $111.86 billion in the year 2021 and is projected to reach $423.90 billion by 2030, growing with a CAGR of 16.68% over the forecasting years of 2022 to 2030..
How big is the lithium-ion battery market in 2023?
Report Summary. In terms of revenue, the global battery market was valued at $111.86 billion in the year 2021 and is projected to reach $423.90 billion by 2030, growing with a CAGR of 16.68% over the forecasting years of 2022 to 2030..
How big is the lithium-ion battery market?
Lithium-Ion Battery Market size exceeded USD 52.5 billion in 2022 and is projected to expand at more than 16.5% CAGR from 2023 to 2032. Increasing consumer preference for electric and hybrid vehicles will complement the demand for lithium-ion (Li-ion) batteries..
Types of lithium batteries
Lithium-Ion batteries are rechargeable and are used in vaping devices, many personal electronics such as cell phones, tablets, and laptops, E-Bikes, electric toothbrushes, tools, hoverboards, scooters, and for solar power backup storage..
What industry uses the most lithium batteries?
By application, the market is segmented into automotive, consumer electronics, energy storage systems, industrial, and others. The automotive sector is expected to be the dominating application for Li-ion batteries..
Who is the largest consumer of lithium-ion batteries?
China's the largest consumer of lithium because of its booming electronics and electric vehicle industries..
Market Size in 2022
$4.9 billion
Market Size in 2032
$18.8 billion
CAGR
14.5%
No. of Pages in Report
388
Lithium-Ion Battery For Consumer Electronics Market towww.globenewswire.com › news-release › 2023/09/21 › Lithium-Ion-Batte About Featured Snippets
The global lithium-ion battery market size was valued at USD 46.2 billion in 2022, and the lithium-ion battery industry is projected to reach USD 189.4 billion by 2032, growing at a CAGR of 15.2% from 2023 to 2032.
The Lithium-ion Battery for Consumer Electronics Market was valued at $4.9 billion in 2022 and is estimated to reach $18.8 billion by 2032, exhibiting a CAGR of 14.5% from 2023 to 2032.
How much is a lithium ion battery worth in 2022?
In 2022, an average lithium-ion battery was valued at around USD 151 per kWh
It witnessed a decrease in the price of more than 79% in 2022 compared to 2013
Further, most smartphone companies, including Samsung, iPhone, Infinix, and Nokia use lithium-ion batteries
The increasing use of smartphones will drive the market for lithium-ion batteries
What is the global lithium-ion battery market size?
The global lithium-ion battery market size was valued at USD 48
19 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 18
9% from 2023 to 2030
The automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries
What is the growth rate of consumer battery market?
The Consumer Battery Market is growing at a CAGR of 7
47% over the next 5 years
Panasonic Corporation , VARTA Consumer Batteries GmbH & Co
KGaA , Samsung SDI Co Ltd , Duracell Inc , PolyPlus Battery Company Inc are the major companies operating in Consumer Battery Market
What is the study period of this market?
The Consumer Battery Market is studied from 2019 - 2028. Read More
What is the growth rate of Consumer Battery Market?
The Consumer Battery Market is growing at a CAGR of >15.5% over the next 5 years. Read More
Which region has highest growth rate in Consumer Battery Market?
Asia Pacific is growing at the highest CAGR over 2019 - 2028. Read More
Which region has largest share in Consumer Battery Market?
Asia Pacific holds highest share in 2021. Read More
Who are the key players in Consumer Battery Market?
Panasonic Corporation , VARTA Consumer Batteries GmbH & Co. KGaA , Samsung SDI Co. Ltd , Duracell Inc. , PolyPlus Battery Company Inc. are the majo...
How big is the lithium-ion battery market?
The global lithium-ion battery market size was estimated at USD 48.19 billion in 2022 and is expected to reach USD 54.36 billion in 2023. Read More
What is the lithium-ion battery market growth?
The global lithium-ion battery market is expected to grow at a compounded annual growth rate of 18.9% from 2023 to 2030 to reach USD 182.53 billion...
Which segment accounted for the largest lithium ion battery market share?
The Asia Pacific dominated the lithium-ion battery market with the highest share of 47.63% in 2022. Growing demand for electric vehicles (EVs) and...
Who are the key players in the lithium-ion battery market?
Some key players operating in the lithium-ion battery market include NEC Corporation, Panasonic Corporation, Duracell Inc., Electrochem, an Integer...
What are the factors driving the lithium-ion battery market?
Key factors driving the lithium-ion battery market growth include the subsequent increase in the registration of EVs and simultaneously, a decrease...
,The global lithium-ion battery market size is expected to reach USD 182.53 billion by 2030, expanding at a CAGR of 18.1% from 2022 to 2030/PRNewswire/ -- The global lithium-ion battery market size is expected to reach USD 182.53 billion by 2030, according to a new report by Grand View Research,...
Lithium is a chemical element with the symbol Li and atomic number 3. It is a soft, silvery-white alkali metal. Under standard conditions, it is the least dense metal and the least dense solid element. Like all alkali metals, lithium is highly reactive and flammable, and must be stored in vacuum, inert atmosphere, or inert liquid such as purified kerosene or mineral oil. It exhibits a metallic luster. It corrodes quickly in air to a dull silvery gray, then black tarnish. It does not occur freely in nature, but occurs mainly as pegmatitic minerals, which were once the main source of lithium. Due to its solubility as an ion, it is present in ocean water and is commonly obtained from brines. Lithium metal is isolated electrolytically from a mixture of lithium chloride and potassium chloride.
Silicon-based subclass of lithium-ion battery technology
Lithium–silicon battery is a name used for a subclass of lithium-ion battery technology that employs a silicon-based anode and lithium ions as the charge carriers. Silicon based materials generally have a much larger specific capacity, for example 3600 mAh/g for pristine silicon, relative to graphite, which is limited to a maximum theoretical capacity of 372 mAh/g for the fully lithiated state LiC6. Silicon's large volume change (approximately 400% based on crystallographic densities) when lithium is inserted is one of the main obstacles along with high reactivity in the charged state to commercializing this type of anode. Commercial battery anodes may have small amounts of silicon, boosting their performance slightly. The amounts are closely held trade secrets, limited as of 2018 to at most 10% of the anode. Lithium-silicon batteries also include cell configurations where Si is in compounds that may at low voltage store lithium by a displacement reaction, including silicon oxycarbide, silicon monoxide or silicon nitride.
