Press release
Global Lithium-Ion Battery Energy Storage Market Projected to Reach USD 295.95 Billion by 2034; Dataset Now Accessible at US$99
Evolve DataBank
The global transition to renewable energy and the electrification of transport are driving an unprecedented surge in the lithium-ion battery energy storage market, which is projected to grow from USD 33.84 billion in 2023 to USD 295.95 billion by 2034. According to the latest exhaustive research by Evolve DataBank, the industry is maintaining a robust CAGR of 21.42%, fueled by massive grid modernization projects and the rapid adoption of electric vehicles (EVs).
The report identifies Lithium Iron Phosphate (LFP) batteries as the mainstream technology choice, gradually replacing nickel-cobalt-based chemistries due to their superior safety profiles and lower costs. Geographically, Asia-Pacific leads the global market, with China at the forefront supported by aggressive government policies and manufacturing giants like CATL and BYD. Meanwhile, North America and Europe are seeing accelerated growth driven by climate targets and high EV penetration.
Dataset Now Accessible at US$99 In an industry-first move to democratize high-tier energy storage research, Evolve DataBank is making its professional-grade 2021-2034 lithium-ion battery energy storage dataset available for just US$99. This report provides granular data across system scales (Small, Medium, Large), technologies (LFP, NMC, NCA), usages (Grid Support, Backup, Off-Grid, Peak Shaving), and applications including Residential and Transportation.
For instant access to the full forecast and segmentation data, visit: https://evolvedatabank.com/ProductMaster/ProductDataDisplay/li-ion-battery-energy-storage-market-analysis
"Lithium-ion storage is the primary catalyst for the global clean energy shift, providing the safety and efficiency required for modern power grids," says the Senior Analyst at Evolve DataBank. "By offering our in-depth analysis at a US$99 price point, we are empowering startups, energy planners, and independent analysts to access the same institutional-level dataset used by global leaders like CATL, BYD, and Tesla."
Key Highlights of the Lithium-Ion Battery Energy Storage Market Report:
• Technology Shift: Detailed analysis of why LFP technology is dominating the utility-scale segment for its long cycle life and thermal stability.
• Utility Dominance: Evaluation of the critical role of large-scale storage in frequency regulation and renewable energy intermittency management.
• Shipment Surge: In-depth look at record-high battery shipments, with utility-scale installations projected to hit 94 GW by 2025.
• Industry Leaders: Strategic evaluation of global pioneers including CATL, Samsung SDI, Panasonic, and Tesla.
Sign up to Evolve DataBank for instant access to market reports and industry analysis across all covered verticals: https://evolvedatabank.com/Menu/UserSignup
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Evolve Data Bank, powered by Evolve Business Intelligence, is a premier online platform offering highly granular, data-driven market insights across diverse global verticals. We are the strategic partner for businesses, analysts, and researchers seeking reliable, actionable market intelligence.
Our comprehensive data bank covers critical sectors including Automotive & Transportation, Aerospace and Defence, Chemical and Materials, Construction And Manufacturing, Electronics and Semiconductor, and essential service industries like Life Science, Consumer Goods & Retail, BFSI, Food & Beverages, Information & Communication Technology, and Energy & Power.
Redefining Industry Access: Committed to democratizing high-tier market research, Evolve DataBank now offers its professional-grade data suites at a market-disrupting entry point of just US$99. By removing the traditional financial barriers to institutional-level intelligence, we empower startups, SMEs, and independent analysts to make data-backed decisions with the same precision as global enterprises.
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