Mordor Intelligence has published a new report on the Lithium-Ion Battery Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
-- Lithium-Ion Battery Market Outlook
The lithium-ion battery market is valued at USD 136.28 billion in 2026 and is projected to reach USD 366.82 billion by 2031, reflecting steady expansion driven by electrified transport, renewable power storage, and rising electronic device usage. Growth in the Lithium-Ion Battery Industry is linked to electric vehicle production, expansion of stationary energy storage, and investment in new manufacturing plants.
Governments are supporting domestic supply chains while utilities install grid-connected storage to manage renewable power, helping the Lithium-Ion Battery Market Size grow across automotive and energy sectors while maintaining demand from consumer electronics.
The Lithium-Ion Battery Market Forecast also reflects increasing localization of manufacturing, with Asia-Pacific still leading production and new factories in North America and Europe gradually spreading capacity across multiple regions.
Lithium-Ion Battery Market Highlights
Rising Demand from Electric Vehicles
Electric vehicles remain the primary driver of the Lithium-Ion Battery Market Growth. Automakers are introducing longer-range models that require larger battery packs, increasing demand for high-energy cells. Nickel-rich batteries are commonly used in premium vehicles, while lithium iron phosphate batteries are gaining adoption in mass-market vehicles due to cost stability and safety.
Expansion of Stationary Energy Storage
Utility-scale and commercial storage installations are becoming a major contributor to the Lithium-Ion Battery Market Trends. Power companies are pairing batteries with solar and wind plants to store electricity and release it during peak demand periods. This supports grid stability and improves renewable energy utilization.
Regional Manufacturing and Localization
Government incentives and local sourcing policies are encouraging domestic production capacity. While Asia-Pacific continues to lead manufacturing output, new plants in North America and Europe are being built to support regional electric vehicle programs and energy storage projects. This localization is gradually redistributing global production and influencing the Lithium-Ion Battery Market Share across regions.
Explore in-depth insights and regional perspectives, including localized editions like the Japanese market version - https://www.mordorintelligence.com/ja/industry-reports/lithium-ion-battery-market?utm_source=marketersmedia
Lithium-Ion Battery Market Segmentation
By Product Type
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Nickel Manganese Cobalt
- Lithium Nickel Cobalt Aluminum
- Lithium Manganese Oxide
- Lithium Titanate
By Form Factor
- Cylindrical
- Prismatic
- Pouch
By Power Capacity
By End-Use Industry
- Automotive
- Consumer Electronics
- Industrial Equipment and Power Tools
- Stationary Energy Storage
- Aerospace and Defense
- Marine
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Lithium-Ion Battery Market Key Players
- Contemporary Amperex Technology Co., Ltd. (CATL)
- BYD Company Limited
- LG Energy Solution Ltd.
- Panasonic Holdings Corp.
- SK On Co., Ltd.
Explore key players insights on Lithium-Ion Battery competitive landscape: https://www.mordorintelligence.com/industry-reports/lithium-ion-battery-market/companies?utm_source=marketersmedia
Conclusion
The Lithium-Ion Battery Market is expanding as electricity storage becomes increasingly important for transport and energy networks. Electric vehicles, renewable energy integration, and industrial electrification are raising dependence on rechargeable batteries, while policy support and regional manufacturing programs are influencing supply chains worldwide. The Lithium-Ion Battery Market Forecast shows steady demand from automakers and utilities installing grid storage systems, with consumer electronics still contributing but holding a smaller role than mobility and power applications.
Overall, the Lithium-Ion Battery Industry is becoming a key part of modern energy infrastructure. Manufacturers are working to balance cost, safety, and performance through different battery chemistries and secure material sourcing. As electric transport and renewable power continue to expand, batteries will remain essential for reliability, supporting ongoing Lithium-Ion Battery Market Growth across global markets.
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About the company: About Mordor Intelligence: Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. For any inquiries or to access the full report, please contact: media@mordorintelligence.com https://www.mordorintelligence.com/
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