PUBLISHER: Grand View Research | PRODUCT CODE: 1908729
PUBLISHER: Grand View Research | PRODUCT CODE: 1908729
The global lithium-ion battery market size was estimated at USD 68.66 billion in 2025 and is projected to reach USD 306.24 billion by 2033, growing at a CAGR of 21.1% from 2026 to 2033. Market growth is driven by increasing adoption of electric vehicles, rising deployment of renewable energy and energy storage systems, and growing demand for efficient, high-energy-density battery technologies across automotive, industrial, and consumer electronics applications.
Continued advancements in battery chemistry, along with declining manufacturing costs and improvements in safety and performance, are further supporting demand for advanced lithium-ion batteries. Moreover, the growing focus on grid-scale energy storage, electric mobility, and clean energy integration, particularly in regions such as the Asia Pacific, North America, and Europe, is accelerating the adoption of high-performance lithium-ion batteries designed for long cycle life, fast charging, and thermal stability. Ongoing technological developments in cathode and anode materials, battery management systems, and manufacturing processes continue to enhance efficiency, reduce costs, and reinforce market expansion.
Global Lithium-ion Battery Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global lithium-ion battery market report on the basis of product, application, and region: