The Global Prismatic Lithium-ion Battery market size was accounted for USD 64.82 billion in 2023, is projected to reach USD 560.50 billion by 2031, with a CAGR of 25.30% during the forecast period of 2024 to 2031. The growth of the prismatic lithium-ion battery market is driven by several key factors. Firstly, increasing demand in electric vehicles (EVs) and portable consumer electronics fuels...

The Global Prismatic Lithium-ion Battery market size was accounted for USD 64.82 billion in 2023, is projected to reach USD 560.50 billion by 2031, with a CAGR of 25.30% during the forecast period of 2024 to 2031. The growth of the prismatic lithium-ion battery market is driven by several key factors. Firstly, increasing demand in electric vehicles (EVs) and portable consumer electronics fuels...

In 2023, the global lithium-ion (Li-ion) battery market was estimated to be worth USD 54.4 billion and is projected to grow at a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This growth is largely driven by rising demand for electric vehicles (EVs), supported by the cost-effectiveness and energy efficiency of Li-ion batteries. The automotive sector, in particular, is expected...

Lithium-Ion Battery Industry Overview The global lithium-ion battery market was valued at an estimated USD 54.4 billion in 2023 and is projected to grow at a robust compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. A significant contributor to this growth is the automotive sector, which continues to adopt lithium-ion batteries due to their decreasing costs. The global push towards...

The global lithium-ion battery market was valued at USD 182.5 billion in 2030 and is projected to experience a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This significant growth is driven by the increasing demand for rechargeable batteries in consumer electronics and the growing adoption of electric vehicles. As electric vehicle sales rise and the renewable energy...

The global lithium-ion battery market, valued at approximately USD 54.4 billion in 2023, is set to expand significantly, with a projected compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This growth is driven primarily by the automotive sector, which is poised for notable expansion due to the cost-effectiveness of lithium-ion batteries. The adoption of electric vehicles (EVs)...

The Lithium-Ion Battery Market is witnessing unprecedented growth in recent years. From the increasing demand for electric vehicles (EVs) to the rising importance of renewable energy storage, lithium-ion batteries are becoming a cornerstone of modern technology. In 2023, the market is valued at USD 53.8 billion and is expected to reach an impressive USD 132.0 billion by 2030,...