Austin, Dec. 06, 2025 (GLOBE NEWSWIRE) -- Lithium-ion (Li-ion) Battery Market Size & Growth Insights:
According to the SNS Insider,“The Lithium-ion (Li-ion) Battery Market size was worth USD 68.12 billion in 2025 and is expected to grow to USD 250.04 billion by 2033, growing at a CAGR of 17.65% during 2026-2033.”
Growing Demand for Lithium-ion Batteries in Renewable Battery Energy Storage System to Propel Market Expansion
The global transition to clean energy, decarbonization, and grid modernization are driving the increasing demand for lithium-ion batteries in power grids and renewable battery energy storage systems. Lithium-ion batteries are perfect for incorporating intermittent renewable energy sources, such as solar and wind because of their high energy density, extended cycle life, quick charging capabilities, and increased efficiency.
They lessen reliance on fossil fuels while enabling peak load management, grid stabilization, and improved energy reliability. Large-scale deployments in utility projects, microgrids, and commercial applications are being accelerated by advancements in battery technology, falling costs, and supportive government regulations, promoting robust and sustainable energy infrastructure.
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Leading Market Players with their Product Listed in this Report are:
- BYD Co. Ltd.
- A123 Systems LLC
- Hitachi, Ltd.
- Johnson Controls
- LG Chem
- NEC Corp.
- Panasonic Corp.
- Narada Power Source Co., Ltd.
- Toshiba Corp.
- Saft
- Samsung SDI Co. Ltd.
- GS Yuasa International Ltd.
- Contemporary Amperex Technology Co. Limited (CATL)
- Exide Technologies
- EnerSys
- VARTA AG
- Amperex Technology Limited (ATL)
- EVE Energy Co., Ltd.
- SK Innovation Co., Ltd.
- Northvolt AB
Lithium-ion (Li-ion) Battery Market Report Scope:
| Report Attributes | Details |
| Market Size in 2025 | USD 68.12 Billion |
| Market Size by 2033 | USD 250.04 Billion |
| CAGR | CAGR of 17.65% From 2026 to 2033 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segmentation | • By Product Type (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) |
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Key Industry Segmentation
By Application
In 2025, automotive applications dominated the lithium-ion battery market, accounting for the largest share, driven by the rapid expansion of electric vehicles (EVs), government incentives, and growing investments in sustainable mobility solutions. Consumer electronics remained the second-largest segment, supported by the widespread use of smartphones, laptops, and portable devices.
By Product Type
In 2025, Lithium Nickel Manganese Cobalt (NMC) batteries dominated the market, holding the largest share due to their high energy density and widespread use in electric vehicles and industrial applications. Lithium Iron Phosphate (LFP) batteries emerged as the fastest-growing product segment owing to their enhanced safety, cost-effectiveness, and long cycle life, making them increasingly popular in energy storage systems and commercial vehicles.
Regional Insights:
With a revenue share of over 46.92% in 2025, the Asia Pacific region dominated the market. Due to the rapidly expanding market for electric vehicles, there is a notable increase in demand for Li-ion batteries in the Asia Pacific area, especially in China and India. A greater awareness of environmental issues is driving this trend, especially in China, where the government has banned traditional scooters powered by fossil fuels in major cities in an effort to cut pollution.
North America held a substantial share in 2025, driven by increasing adoption of electric vehicles (EVs), government incentives, and robust investments in renewable energy infrastructure. With robust efforts to cut carbon emissions, such as federal tax subsidies for EV purchases and growing charging infrastructure, the US is leading the region. As enterprises move toward efficient and sustainable power solutions, there is also an increase in demand for energy storage systems and consumer devices. Additionally, improvements in battery recycling initiatives in the U.S. and Canada are promoting a more circular economy and opening up new business prospects for suppliers and manufacturers.
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Recent News:
- July 24, 2025 – BYD’s Blade Battery is transforming the EV industry with superior safety, high energy density, and cost-effective lithium iron phosphate (LFP) technology. China now leads the global lithium-ion battery market, projected to produce 70% of the world’s supply by 2027, with major players like CATL, BYD, and EVE Energy driving this growth.
Exclusive Sections of the Lithium-ion (Li-ion) Battery Market Report (The USPs):
- BATTERY PERFORMANCE METRICS – helps you assess energy density, cycle life, charge/discharge efficiency, and thermal stability across chemistries (NMC, LFP, NCA, LCO) to identify the most reliable and advanced battery types.
- MANUFACTURING CAPACITY & PRODUCTION EFFICIENCY INDEX – helps you evaluate global GWh capacity, cell production yield, defect rates, and lead times to understand supply availability and manufacturing competitiveness across regions.
- COST & ECONOMIC PROFITABILITY ANALYZER – helps you compare manufacturing cost per kWh, regional price trends, and total cost of ownership to determine cost drivers, price pressure, and long-term economic viability.
- TECHNOLOGY & MATERIALS ADVANCEMENT TRACKER – helps you uncover opportunities in next-gen cathode/anode materials, improvements in DoD and usable capacity, and innovations influencing performance optimization.
- COMPETITIVE & REGIONAL LANDSCAPE INSIGHT – helps you gauge the competitive strength of major battery producers based on capacity expansion, technology adoption, and regional cost advantages.
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