Lithium-Ion Battery Market Outlook (2025–2034): Powering the Future of Energy and Mobility

Tue, 18 Nov 2025 06:57:39 +0000

The global transition toward clean energy, electrified transportation, and smart technology is accelerating the demand for reliable, high-performance energy storage systems. At the center of this transformation lies the lithium-ion battery, a technology that has revolutionized everything from smartphones to electric vehicles and renewable energy storage systems. In 2024, the global lithium-ion battery market reached a value of USD 42.90 billion, reflecting its growing significance across industries. As global electrification intensifies, the market is projected to grow at a robust CAGR of 10.80% during 2025–2034, ultimately reaching USD 119.63 billion by 2034. This growth underscores the essential role lithium-ion batteries will continue to play in shaping the world’s energy future.