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Lithium Ion Battery Market worth US$ 184.21 billion by 2031, at a CAGR of 15.2%

06-16-2025 07:55 AM CET | Energy & Environment

Press release from: The Insight Partners

Lithium Ion Battery Market worth US$ 184.21 billion by 2031, at

The Lithium Ion Battery Market size is projected to reach US$ 184.21 billion by 2031 from US$ 59.20 billion in 2023. The market is expected to register a CAGR of 15.2% in 2023-2031. The automotive sector is predicted to increase significantly because of the low cost of lithium-ion batteries.

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Lithium-ion batteries are frequently used as backup power sources for commercial buildings, data centers, and organizations. Additionally, lithium-ion batteries are chosen for energy storage in home solar PV systems. These reasons will drive the expansion of energy storage applications during the predicted period. Lithium-ion batteries are utilized in a variety of industrial applications, including power tools, cordless tools, maritime equipment and machinery, agricultural machinery, industrial automation systems, aviation, military and defense, electronics, civil infrastructure, and oil and gas.

Market leaders and key company profiles:
• Automotive Energy Supply Corporation
• Samsung SDI Co. Ltd.
• Tesla, Inc.
• Toshiba Corporation
• A123 Systems LLC
• GS Yuasa International Ltd.
• Hitachi Chemicals Co. Ltd.
• LG Chem Ltd.
• Panasonic Corporation
• Johnson Controls International Plc

Segments Covered:

By Type
• Lithium Cobalt Oxide
• Lithium Iron Phosphate
• Lithium Nickel Manganese Cobalt Oxide
• Lithium Manganese Oxide
• Lithium Titanate Oxide

By Power Capacity
• 0 - 3000mAh
• 3000 - 10000mAh
• 10000mAh - 60000mAh
• >60000mAh

By Application
• Consumer Electronics
• Automotive
• Industrial
• Energy Storage Systems
• Aerospace & defense
• Medical Devices

The "Lithium Ion Battery Market" report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter's Five Forces and SWOT analysis

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
Sr. Vice President - Research
E-mail: sales@theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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