United States Lithium Ion Battery Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Global Lithium-ion Battery Market reached US$ 43.5 billion in 2023 and is expected to reach US$ 124.4 billion by 2031 growing with a CAGR of 13.5% during the forecast period 2024-2031.

Key Development:

United States: Recent Industry Developments

✅ In October 2025, the U.S. Department of Energy acquired a 5% equity stake in Lithium Americas and its Thacker Pass lithium mining project in Nevada. This move, part of a $2.26 billion federal loan agreement, aims to bolster domestic lithium production essential for electric vehicles and renewable energy storage.

✅ In September 2025, Electroflow Technologies, a California-based startup specializing in lithium extraction from brines, secured $10 million in seed funding. The company developed a cost-effective electrochemical process to extract battery-grade lithium and convert it into lithium iron phosphate (LFP) cathode material, with plans to scale up trials and forge partnerships with battery manufacturers.

✅ In July 2025, Electrovaya delivered newly developed custom battery modules to a global Japanese-headquartered construction equipment OEM. This collaboration underscores the growing demand for advanced lithium-ion batteries in various industrial applications.

Japan: Recent Industry Developments

✅ In September 2025, TDK inaugurated a ₹3,000 crore lithium-ion battery plant in Sohna, Haryana, India. The facility is set to produce approximately 20 crore battery packs annually, catering to mobile phones, laptops, wearables, and other wireless devices, marking a significant investment in battery manufacturing.

✅ In July 2025, GSSG Solar and Vision Ridge Partners launched GSSG Chikuden, a utility-scale battery storage developer in Japan. With a committed investment of $400 million, the venture aims to capitalize on Japan's emerging battery energy storage system market.

✅ In February 2025, Idemitsu Kosan announced plans to construct a large-scale lithium sulfide plant at its Chiba refinery near Tokyo. The plant, with an estimated cost of 21.3 billion yen ($143 million), aims to support Toyota's next-generation electric vehicle goals by producing solid-state battery components, targeting completion by June 2027.

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Recent Mergers and acquisitions:

United States: Recent M&A Activity

✅ In July 2025, EnergyX, a lithium technology startup backed by General Motors, acquired 35,000 acres of lithium-rich land in the U.S. Smackover formation from Pantera Lithium for approximately $26.1 million.

✅ In July 2025, Glencore completed its acquisition of lithium-ion battery recycler Li-Cycle, securing a $40 million deal to enhance its position in the battery recycling sector.

✅ In March 2025, Glencore approached Canadian lithium battery recycler Li-Cycle with a potential acquisition offer, aiming to address operational and financial challenges.

Japan: Recent M&A Activity

✅ In July 2025, Honeywell announced the acquisition of Nexceris' Li-ion Tamer business, a leading off-gas detection solution for lithium-ion batteries, to enhance safety measures in battery technology.

Key Players:

=> LG Chem Ltd, Panasonic Corporation, Samsung SDI Co Ltd, BYD Co Ltd, BAK Group, A123 Systems, GS Yuasa Corporation, Hitachi Ltd, Johnsons Controls Inc. and Saft Groupe S.A.

Growth Forecast Projected:

The Global Lithium Ion Battery Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Lithium Ion Battery Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Type: Lithium Cobalt Oxide (LiCoO2), Lithium Iron Phosphate (LiFePO4), Lithium Nickel Cobalt Aluminum Oxide (LiNiCoAlO2 or NCA), Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2 or NMC), Lithium Titanate (Li4Ti5O12 or LTO), Lithium Manganese Oxide

➥ By Material: Cathode Material, Anode Material, Electrolyte Material, Separator Material, Current Collector Material, Others

➥ By Capacity: 0 to 3,000 mAh, 3,000 to 10,000 mAh, 10,000 to 60,000 mAh, 60,000 mAh and Above

➥ By Voltage: Low (Below 12 V), Medium (12-36 V), High (Above 36 V)

➥ By End-User: Automotive, Consumer Electronics, Aerospace and Defense, Marine, Industrial, Healthcare, Industrial and Manufacturing, Others

Regional Analysis for Lithium Ion Battery Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Lithium Ion Battery producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Lithium Ion Battery revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Lithium Ion Battery Market?

A: In 2023, the Lithium Ion Battery Market was valued at US$ 43.5 billion, reflecting its strong industry presence.

Q2: How large is the Lithium Ion Battery Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Lithium Ion Battery Market will grow to around US$ 124.4 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Lithium Ion Battery Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 13.5% during the forecast period from 2024 to 2031.

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