Lucintel Forecasts Lithium-ion Battery Market To Reach $340 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the Lithium-Ion Battery Market is projected to reach an estimated $340 billion by 2030 at a CAGR of 17.9% from 2024 to 2023. Growth in this market is primarily driven by increase in number of working women, increasing disposable income, and changing climatic conditions.
Browse 107 figures/charts and 68 tables in this 205-page report to understand trends, opportunities and forecast in lithium-ion battery market by technology (LCO, NMC, NCA, LFP, LMO, and others), end use (consumer electronics, transportation, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that transportation will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to due to increasing production of electric vehicles globally.
NMC lithium-ion battery technology will remain the largest segment and it is expected to witness the highest growth over the forecast period due to its excellent electrochemical performance and low resistance.
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... Battery Market
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to increase in manufacturing of electric and hybrid vehicles and rise in sales of electronic products in the region.
CATL, BYD, Duracell, EnerSys, GS Yuasa, Johnson Controls, LG Chem, Panasonic, Samsung SDI, Toshiba are the major suppliers in the lithium-ion battery market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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