Global Lithium-Ion Battery Industry Trends: Cost Reduction,...

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2025-11-14 18:07:45 -

Global Lithium-Ion Battery Industry Trends: Cost Reduction, Recycling, and Innovation

The lithium‑ion (Li‑ion) battery market size was valued at USD 63.51 billion in 2024 and is projected to register a CAGR of 15.4% from 2025 to 2034. This robust growth underscores a major shift across mobility, energy storage and consumer‑electronics ecosystems, as manufacturers and utilities alike transition from legacy technologies to high‑efficiency, lithium‑based battery chemistries. In the...

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