Lithium Battery Market for Agricultural Machinery to Reach USD 738 Million by 2031 with 7.1% CAGR Driven by EnerSys and GS Yuasa

Global demand for lithium-ion batteries in agricultural machinery is accelerating as farms electrify tractors, harvesters and seeders. According to QYResearch report Global Agricultural Machinery Lithium Battery Market Outlook, In-Depth Analysis & Forecast to 2031, the market will grow from US$456 million in 2024 to US$738 million by 2031, registering a CAGR of 7.1% during 2025-2031. Global production reached approximately 2,871 MWh in 2024, with an average market price of US$159/kWh. Meanwhile, changing tariff policies in the United States on lithium-ion products and components are reshaping supply chains and pricing dynamics across 2024-2026.

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Latest Data
• Market size: US$456 million in 2024, forecast to reach US$738 million in 2031
• CAGR: 7.1% during 2025-2031
• Global production 2024: ~2,871 MWh
• Average price 2024: ~US$159/kWh
• Tractors remain the largest downstream application
• Growth strong in North America, Europe, and Asia-Pacific; China and Germany are key drivers
• Report covers historicals from 2020-2024 and forecasts through 2031

Leading Companies
EnerSys
GS Yuasa
Hoppecke
Crown Equipment
East Penn Manufacturing
MIDAC
Saft
Crown Battery
Tianneng Battery Group
LEOCH
EIKTO
Camel Group
BSLBATT
Flash Battery
Aliant Battery
Fagor Ederbatt
Eleo Technologies

Applications
Tractor
Harvester
Seeder
Others

Classification by Type
Lithium Iron Phosphate Battery
Others

Recent Developments
ELEO, now part of Yanmar's Electrification Unit, expanded its modular battery range in 2024 and accelerated integration across off-highway machinery in 2025. The packs, available in multiple voltage classes up to 720 V, are designed for compact and rugged agricultural vehicles.

New Holland Agriculture introduced the T4 Electric Power tractor platform into commercial operations. With a 400-V class system and up to 110 kWh capacity, it is becoming a benchmark for electric tractors in vineyards, orchards and municipal environments.

Fendt launched the e100 Vario into limited production. The model carries a ~100 kWh battery, fast charging up to 80 kW DC, and delivers 4-7 hours of work under partial load.

Monarch Tractor rolled out MonarchOne in 2025. This platform integrates electrification with autonomy, expanding the role of data-driven farm operations and precision agriculture.

Tariff policies in the U.S. increased lithium-ion EV batteries to 25% in 2024, with non-EV lithium-ion batteries scheduled for 25% tariffs by 2026. This has introduced volatility in import costs, pushing OEMs to localize more pack assembly.

Product Snapshots
EnerSys - NexSys iON
• Voltage: 24 V, 36 V, 48 V, 80 V systems
• Capacity: up to 1050 Ah per unit
• Features: integrated battery management, CAN communication, fast charging capability
• Applications: motive power systems in off-highway vehicles and heavy-duty machinery
GS Yuasa - LIM50EN Series Module
• Voltage: 29.6 V / 44.4 V modules
• Capacity: 47.5 Ah
• Performance: continuous discharge up to 200 A, peak discharge up to 300 A
• Cycle life: over 10,000 cycles at 50% depth of discharge
Saft - Modul'ion®
• Voltage: 20 V or 40 V modules
• Energy: up to 1.6 kWh per module
• Features: scalable to 900 V, CANopen/J1939 communication
• Designed for off-highway electrification requiring compact, rugged systems
Flash Battery - LFP Custom Packs
• Voltage range: 24 V-850 V
• Energy: 7 kWh-400 kWh
• Features: advanced balancing system up to 20 A, remote diagnostics, fast charging
• Applications: agricultural machinery requiring heavy duty cycles and uptime reliability
Eleo Technologies - Off-Highway Packs
• Voltage classes: 50 V, 100 V, 360 V, 720 V
• Capacity: up to 125 kWh
• Power: up to 90 kW continuous output
• Features: IP65 protection, telematics integration, modular multi-pack designs

Downstream Customers
John Deere
New Holland Agriculture
Fendt
Massey Ferguson
Valtra
CLAAS
Kubota
Yanmar
Mahindra & Mahindra
Iseki
SAME Deutz-Fahr
Monarch Tractor
Solectrac
Farmtrac
SABI Agri

Market Trends
Electric tractors move into commercialization
By 2025, electric tractors have matured beyond prototypes. Fendt e100 Vario and New Holland T4 Electric Power demonstrate that ~100 kWh batteries paired with 80 kW DC fast charging allow 4-7 hours of partial-load operations, sufficient for specialty farms. Compact electric tractors such as Solectrac's e25, with ~22 kWh packs, are gaining adoption among small farms. Europe's electric tractor market was valued at ~US$34 million in 2024 and is expected to reach ~US$74 million by 2030.

LFP chemistry dominates agricultural machinery
Lithium iron phosphate batteries are becoming the preferred chemistry in agriculture. Their thermal stability, long cycle life and cost competitiveness suit demanding environments with dust, shock and temperature fluctuations. Suppliers including Saft, Flash Battery and EIKTO are prioritizing LFP across their new product lines.

Modular and scalable battery packs
Battery makers are introducing modular packs to speed OEM integration. GS Yuasa's LIM50EN and Eleo's 50-720 V systems allow manufacturers to scale energy and voltage requirements across tractors, harvesters and other platforms using the same pack architecture.

Opportunity charging shapes farm workflows
Farmers increasingly rely on opportunity charging. Flash Battery's high-capacity active balancing enables partial recharges during field breaks, extending daily operations without downtime. This shift reduces the need for oversized batteries and supports flexible deployment of machinery.

Tariffs and localized supply chains
The U.S. tariff schedule raises costs for imported lithium-ion batteries, encouraging manufacturers to invest in local assembly. As tariffs rise to 25% on non-EV lithium-ion imports by 2026, more companies are establishing regional pack production to mitigate supply chain risks.

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Integration of autonomy and data platforms
Electrification is forming the hardware base for autonomy. Monarch Tractor's 2025 ecosystem highlights how electric powertrains support advanced sensing, connectivity and automated functions. Autonomous features are increasingly bundled with electric tractors, positioning them as intelligent platforms for precision farming.

On-farm charging ecosystems
Agricultural electrification is driving development of on-farm energy systems. High-power charging at 80 kW reduces downtime, while farms are piloting microgrids and storage to manage peak loads and use renewable generation. These systems enhance sustainability and reduce reliance on external grid capacity.

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