Lithium-ion Battery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Power Capacity, By Voltage, By End User, By Region & Competition, 2021-2031F

Description

The Global Lithium-ion Battery Market will grow from USD 70.83 Billion in 2025 to USD 221.96 Billion by 2031 at a 20.97% CAGR. Lithium-ion batteries are rechargeable electrochemical devices that store and release energy through the movement of lithium ions between the cathode and anode during charge and discharge cycles. The global market is primarily propelled by the accelerating adoption of electric vehicles and the critical necessity for grid-scale energy storage systems to support renewable energy integration.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 70.83 Billion
Market Size 2031	USD 221.96 Billion
CAGR 2026-2031	20.97%
Fastest Growing Segment	Cathode
Largest Market	North America

Key Market Drivers

The accelerating global adoption of electric vehicles (EVs) serves as the primary catalyst propelling the lithium-ion battery market. As automotive manufacturers transition portfolios away from internal combustion engines, the demand for high-capacity battery packs has intensified, fundamentally reshaping supply chain priorities. This surge is driven by consumer shifts and regulatory mandates that require substantial volumes of energy-dense storage solutions to support longer driving ranges and faster charging capabilities.

Key Market Challenges

The volatility of raw material supply chains significantly impedes the consistent expansion of the global lithium-ion battery sector. Unpredictable fluctuations in the cost and availability of essential minerals, particularly lithium and cobalt, create a cycle of financial instability that complicates long-term investment strategies. When prices are erratic, mining companies hesitate to commit capital to new extraction projects, leading to potential future shortages that cannot be quickly rectified. This uncertainty disrupts the manufacturing timeline, as battery producers struggle to secure steady feedstock at predictable rates, ultimately creating bottlenecks that slow the industry's ability to scale production capacity in line with downstream requirements.

Key Market Trends

The accelerated adoption of Lithium Iron Phosphate (LFP) chemistries is fundamentally altering the technological landscape of the global lithium-ion battery market. Manufacturers are increasingly prioritizing this iron-based chemistry over nickel-cobalt-manganese (NCM) alternatives for standard-range electric vehicles and stationary storage due to its superior thermal safety, longer cycle life, and significant cost advantages. This shift allows automotive OEMs to decouple production expenses from the price volatility associated with cobalt and nickel, effectively democratizing access to electrification through more affordable vehicle models.

Key Market Players

Panasonic Corporation
Samsung SDI Co., Ltd.
LG Energy Solution Ltd.
Contemporary Amperex Technology Co. Limited
BYD Company Limited
Tesla, Inc.
Toshiba Corporation
A123 Systems LLC

Report Scope:

In this report, the Global Lithium-ion Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Lithium-ion Battery Market, By Type:

Lithium cobalt oxide (LCO)
Lithium iron phosphate (LFP)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Manganese Oxide (LMO)
Lithium Titanate (LTO)
Lithium Nickel Manganese Cobalt (LMC)

Lithium-ion Battery Market, By Power Capacity:

0-3000 mAh
3000-10000 mAh
10000-60000 mAh
60000 mAh and above

Lithium-ion Battery Market, By Voltage:

Upto 12V
12V-36V
and Above 36V

Lithium-ion Battery Market, By End User:

Consumer Electronics
Automotive
Aerospace
Marine
Medical
Industrial
Power
Telecommunications
and Others

Lithium-ion Battery Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Lithium-ion Battery Market.

Available Customizations:

Global Lithium-ion Battery Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Lithium-ion Battery Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Lithium cobalt oxide (LCO), Lithium iron phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), Lithium Nickel Manganese Cobalt (LMC))
- 5.2.2. By Power Capacity (0-3, 000 mAh, 3, 000-10, 000 mAh, 10, 000-60, 000 mAh, 60, 000 mAh, and above)
- 5.2.3. By Voltage (Upto 12V, 12V-36V, and Above 36V)
- 5.2.4. By End User (Consumer Electronics, Automotive, Aerospace, Marine, Medical, Industrial, Power, Telecommunications, and Others)
- 5.2.5. By Region
- 5.2.6. By Company (2025)
5.3. Market Map

6. North America Lithium-ion Battery Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Power Capacity
- 6.2.3. By Voltage
- 6.2.4. By End User
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Lithium-ion Battery Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Power Capacity
    - 6.3.1.2.3. By Voltage
    - 6.3.1.2.4. By End User
- 6.3.2. Canada Lithium-ion Battery Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Power Capacity
    - 6.3.2.2.3. By Voltage
    - 6.3.2.2.4. By End User
- 6.3.3. Mexico Lithium-ion Battery Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Power Capacity
    - 6.3.3.2.3. By Voltage
    - 6.3.3.2.4. By End User

7. Europe Lithium-ion Battery Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Power Capacity
- 7.2.3. By Voltage
- 7.2.4. By End User
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Lithium-ion Battery Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Power Capacity
    - 7.3.1.2.3. By Voltage
    - 7.3.1.2.4. By End User
- 7.3.2. France Lithium-ion Battery Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Power Capacity
    - 7.3.2.2.3. By Voltage
    - 7.3.2.2.4. By End User
- 7.3.3. United Kingdom Lithium-ion Battery Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Power Capacity
    - 7.3.3.2.3. By Voltage
    - 7.3.3.2.4. By End User
- 7.3.4. Italy Lithium-ion Battery Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Power Capacity
    - 7.3.4.2.3. By Voltage
    - 7.3.4.2.4. By End User
- 7.3.5. Spain Lithium-ion Battery Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Power Capacity
    - 7.3.5.2.3. By Voltage
    - 7.3.5.2.4. By End User

8. Asia Pacific Lithium-ion Battery Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Power Capacity
- 8.2.3. By Voltage
- 8.2.4. By End User
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Lithium-ion Battery Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Power Capacity
    - 8.3.1.2.3. By Voltage
    - 8.3.1.2.4. By End User
- 8.3.2. India Lithium-ion Battery Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Power Capacity
    - 8.3.2.2.3. By Voltage
    - 8.3.2.2.4. By End User
- 8.3.3. Japan Lithium-ion Battery Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Power Capacity
    - 8.3.3.2.3. By Voltage
    - 8.3.3.2.4. By End User
- 8.3.4. South Korea Lithium-ion Battery Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Power Capacity
    - 8.3.4.2.3. By Voltage
    - 8.3.4.2.4. By End User
- 8.3.5. Australia Lithium-ion Battery Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Power Capacity
    - 8.3.5.2.3. By Voltage
    - 8.3.5.2.4. By End User

9. Middle East & Africa Lithium-ion Battery Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Power Capacity
- 9.2.3. By Voltage
- 9.2.4. By End User
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Lithium-ion Battery Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Power Capacity
    - 9.3.1.2.3. By Voltage
    - 9.3.1.2.4. By End User
- 9.3.2. UAE Lithium-ion Battery Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Power Capacity
    - 9.3.2.2.3. By Voltage
    - 9.3.2.2.4. By End User
- 9.3.3. South Africa Lithium-ion Battery Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Power Capacity
    - 9.3.3.2.3. By Voltage
    - 9.3.3.2.4. By End User

10. South America Lithium-ion Battery Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Power Capacity
- 10.2.3. By Voltage
- 10.2.4. By End User
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Lithium-ion Battery Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Power Capacity
    - 10.3.1.2.3. By Voltage
    - 10.3.1.2.4. By End User
- 10.3.2. Colombia Lithium-ion Battery Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Power Capacity
    - 10.3.2.2.3. By Voltage
    - 10.3.2.2.4. By End User
- 10.3.3. Argentina Lithium-ion Battery Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Power Capacity
    - 10.3.3.2.3. By Voltage
    - 10.3.3.2.4. By End User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Lithium-ion Battery Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Panasonic Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Samsung SDI Co., Ltd.
15.3. LG Energy Solution Ltd.
15.4. Contemporary Amperex Technology Co. Limited
15.5. BYD Company Limited
15.6. Tesla, Inc.
15.7. Toshiba Corporation
15.8. A123 Systems LLC