United States Lithium-ion Battery Market is expected to reach US$ 70 billion by 2032 | Major Companies - LG Chem Ltd, Panasonic Corporation, Samsung SDI 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. The Market is growing due to rising demand for electric vehicles and increased adoption of renewable energy storage solutions across industries. According to DataM Intelligence Report.

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The Lithium-ion Battery Market refers to the global industry focused on the production, development, and commercialization of rechargeable lithium-ion batteries used in electric vehicles, consumer electronics, energy storage systems, and industrial applications. It covers advancements in battery chemistry, manufacturing technologies, supply chain materials, and solutions that enhance energy density, safety, performance, and sustainability across multiple end-use sectors.

Industry Recent Developments: United States

✅ September 2025: Federal and state incentives in the U.S. promote lithium-ion battery manufacturing facilities and next-generation battery R&D, advancing energy density, lifespan, and safety improvements of lithium-ion batteries.

✅ September 2025: U.S. electric vehicle (EV) sales surged by 21.1% year-over-year, driven by a $7,500 federal tax credit and $4,000 credit for used EVs before the tax credit expired on September 30, which increased demand for lithium carbonate used in lithium-ion batteries.

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

Industry Recent Developments: Japan

✅ September 2025: Increased adoption of electric vehicles and renewable energy systems fuels Japan's lithium-ion battery market, supported by government initiatives targeting carbon neutrality by 2050 and ongoing R&D to improve battery performance and recycling.

✅ October 2025: Japan's battery market is driven by a rapidly growing EV market and renewable energy storage needs; government targets 10% EV penetration and 10 GW battery storage deployment by 2030, boosting lithium-ion battery demand.

✅ November 2025: Japan's lithium-ion battery market is expected to grow robustly, with investments by leading companies like Panasonic in new gigafactories aiming to produce 150 GWh of EV batteries annually by 2030, aligning with national clean energy goals.

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Major Key Players:

1. LG Chem Ltd
A leading global supplier of lithium-ion batteries with strong capabilities in EV and energy storage solutions. The company focuses on high-capacity, high-efficiency battery technologies.

2. Panasonic Corporation
A dominant battery manufacturer known for its long-term partnership in electric vehicles and consumer electronics. Panasonic invests heavily in advanced cell chemistry and large-scale gigafactory production.

3. Samsung SDI Co. Ltd
Specializes in high-performance lithium-ion batteries for EVs, ESS, and portable devices. Its focus on safety, energy density, and innovation strengthens its global market position.

4. BYD Co. Ltd
A major EV and battery producer with strong vertical integration across the value chain. BYD's LFP battery technology and large production capacity drive its rapid global expansion.

5. GS Yuasa Corporation
A well-established battery manufacturer serving automotive, industrial, and aerospace applications. The company emphasizes reliability and advanced lithium-ion and lead-acid battery technologies.

6. Saft Groupe S.A.
A global leader in industrial battery solutions, specializing in high-performance lithium-ion and nickel-based systems. Saft focuses on long-life batteries for defense, aviation, and renewable energy applications.

Market Growth Drivers:

✅ Increasing adoption of electric vehicles (EVs) driven by government emissions regulations, subsidies, and rising consumer demand for clean mobility.

✅ Rapid expansion of renewable energy projects requiring advanced energy storage solutions to stabilize and store renewable power at grid scale.

✅ Declining battery costs alongside technological advancements improving battery performance, lifespan, and safety, making lithium-ion batteries more affordable and efficient across automotive, industrial, and consumer electronics 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 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)

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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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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Lithium-ion Battery market?

➠ Who are the global key manufacturers of the Lithium-ion Battery Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Lithium-ion Battery market opportunities and threats faced by the vendors in the global Lithium-ion Battery Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Lithium-ion Battery market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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