Lithium Ion Cell and Battery Pack Industry Market: Global Industry Analysis and Forecast 2023 – 2031|DMI Market Report In 2023, the market size of the Global Lithium Ion Cell and Battery Pack Industry reached USD 69.5 billion. It is forecasted to grow substantially, reaching USD 121.5 billion by 2031, exhibiting a notable Compound Annual Growth Rate (CAGR) of 12.4% from 2024 to 2031....

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)...