Power Lithium Battery Module Market Set to Surge - Key Insights You Must Know

Power Lithium Battery Module Market

The global market for Power Lithium Battery Module was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

Power lithium battery module is the "heart" of the power lithium battery pack. The power lithium battery cells are combined in series and parallel to form multiple PACKs, which are responsible for storing and releasing energy.

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China"s policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China"s new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China"s lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.

Power Lithium Battery Module Market

Government Initiatives and Industrial Policy

National energy security strategies are prioritizing domestic battery manufacturing capacity through substantial industrial incentives. Environmental ministries are implementing aggressive carbon neutrality timelines that necessitate rapid electrification across transportation and energy sectors. Trade protection measures are reshaping global supply chain configurations and encouraging regional manufacturing clusters. Public infrastructure investment programs are allocating resources specifically for charging network expansion and grid modernization.

Fundamental Growth Trajectories

Electrification Imperative Across Sectors

The transportation industry's wholesale transition toward electric propulsion systems is creating exponential demand for high-performance battery modules. Material handling and logistics operations are electrifying entire fleets to meet sustainability commitments and operational cost targets. Marine and aviation sectors are advancing electrification roadmaps despite technical challenges, opening entirely new application categories. Off-highway equipment manufacturers are redesigning product lines around electric architectures to meet emissions requirements.

Energy Storage Infrastructure Expansion

Grid-scale energy storage deployments are accelerating to support renewable energy integration and grid stability objectives. Residential energy storage adoption is gaining momentum as consumers seek energy independence and backup power capabilities. Commercial and industrial facilities are implementing battery systems to optimize energy costs through demand charge management. Microgrids and distributed energy resources are proliferating in response to grid reliability concerns and resilience requirements.

Performance Requirements and Technical Evolution

End-user demands for extended range capabilities are driving continuous improvements in energy density and module design. Fast-charging expectations are necessitating innovations in thermal management and cell chemistry. Cycle life requirements for stationary storage applications are pushing manufacturers toward chemistries optimized for longevity. Safety considerations are elevating the importance of advanced battery management systems and fault detection mechanisms.



Report Scope

This report aims to provide a comprehensive presentation of the global market for Power Lithium Battery Module, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Lithium Battery Module.

The Power Lithium Battery Module market size, estimations, and forecasts are provided in terms of output/shipments (GW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Power Lithium Battery Module market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Power Lithium Battery Module manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
• Voltage: 24V
• Voltage: 36V
• Voltage: 48V
• Voltage: 60V
• Voltage: 72V

By Application
• Electric Car
• Electrical Tools
• Household Appliances

Key Companies
LG Energy Solution, Samsung SDI, Panasonic, American Battery Solutions Inc., Kabra Extrusion(Battrixx), Nissan, Guangdong Greenway Technology, ZHEJIANG TIANHONG LITHIUMION BATTERY, Sunwoda Electronic, Hefei Guosheng Battery Technology, Ganfeng Lithium Group, Suzhou Phylion Battery, Tianneng Battery Group, Lithium Energy Japan, KYUSHU ELECTRIC POWER, OneCharge

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