United States Lithium-ion Battery Market is expected to reach US$ 124.4 billion by 2031 | Top key players - LG Chem Ltd, Panasonic Corporation, BYD Co Ltd.

Market Size and Growth:

The Global Lithium-ion Battery Market size 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.

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The Lithium-ion Battery Market encompasses the global production, distribution, and adoption of rechargeable lithium-ion batteries used across industries such as consumer electronics, electric vehicles, and energy storage systems. Driven by growing demand for clean energy, efficiency, and portable power solutions, the market includes battery cells, packs, components, and technologies enabling longer life, faster charging, and improved safety.

Industry Recent Developments:

United States:

✅ August 2025: Electric vehicle production continues to surge, driven by major US companies like General Motors and Ford, which are expanding manufacturing capacities for EVs, thus boosting lithium-ion battery demand. GM targets 30 EV models and a BEV production capacity of 1 million units in North America by 2025.

✅ September 2025: Federal and state incentives in the US promote lithium-ion battery manufacturing facilities and next-generation battery R&D, enhancing advancements in energy density, life, and safety of lithium-ion batteries.

✅ October 2025: The US lithium-ion battery packs market sees rapid growth driven by demand in the automotive sector, clean energy adoption, and technological innovations improving efficiency, lifecycle, and cost of batteries, with the market expected to reach USD 44.8 billion in 2025.

Japan:

✅ August 2025: Japan focuses heavily on solid-state battery development, aiming for higher safety, energy density, and lifespan compared to traditional lithium-ion batteries, backed by significant research investment.

✅ September 2025: The mobile battery market in Japan shows strong growth, valued at JPY 207.96 billion in 2024 and expected to reach JPY 358.97 billion by 2033, with consumer preference for reliable lithium-ion technology and mid-range power capacities driving demand.

✅ October 2025: Increased adoption of EVs and renewable energy systems in Japan fuels the lithium-ion battery market, supported by government initiatives towards carbon neutrality by 2050 and ongoing R&D to enhance battery performance and recycling practices.

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Major 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.
Saft Groupe S.A.

Key Growth Drivers:

Increasing demand for electric vehicles (EVs), which drives the need for high-performance energy storage solutions with long cycle life and fast charging capabilities.

Expanding adoption of renewable energy storage systems and smart grid technologies, requiring efficient, scalable batteries for load balancing and uninterrupted power supply.

Ongoing technological advancements in battery chemistry, materials, and management systems improving energy density, safety, lifecycle, and cost-effectiveness, which boost applications in automotive, consumer electronics, and industrial sectors.

Segments Covered in the Lithium-ion Battery Market:

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 t0 10,000 mAh, 10,000 to 60,000 mAh, 60,000 mAh and Above.

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

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

Regional Analysis:

⇥ 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)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Lithium-ion Battery market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Lithium-ion Battery Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Lithium-ion Battery market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Lithium-ion Battery Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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