リチウムイオン電池市場 – 2033年までの世界予測

Lithium-Ion Battery Market - Global Forecast To 2033

リチウムイオン電池市場 - バッテリータイプ(NMC、LFP、LCO、LTO、LMO、NCA)、セルタイプ(角柱型、ポーチ型、円筒型)、容量(<50 kWh、50~100 kWh、>100 kWh)、エネルギー貯蔵(住宅用、公共事業用)民生用電子機器、医療 - 2033年までの世界予測
Lithium-ion Battery Market by Battery Type (NMC, LFP, LCO, LTO, LMO, NCA), Cell Type (Prismatic, Pouch, Cylindrical), Capacity (<50 kWh, 50-100 kWh, >100 kWh), Energy Storage (Residential, Utilities) Consumer Electronics, Medical - Global Forecast to 2033

商品番号 : SMB-20744

出版社MarketsandMarkets
出版年月2025年6月
ページ数321
図表数344
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、市場全体および各サブセグメントの収益数値の近似値に関する情報を提供し、この市場のリーダー企業および新規参入企業にとって役立ちます。また、ステークホルダーが競争環境を理解し、事業のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。さらに、本レポートは、リチウムイオン電池市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供する上でも役立ちます。

With a CAGR of 10.3%, the global lithium-ion battery market is projected to grow from USD 194.66 billion in 2025 to USD 426.37 billion by 2033. Market growth will be driven by the accelerating shift toward electrification across transportation, industrial, and energy sectors, coupled with ongoing advancements in battery performance, energy density, and charging efficiency. Increasing adoption of electric vehicles and the need for high-performance energy storage systems to support grid stability and industrial operations are key growth drivers. Enhanced battery management systems and innovations in manufacturing processes contribute to improved safety, cost optimization, and lifecycle performance. Additionally, government-backed initiatives to build localized battery supply chains and support large-scale battery production fuel investment across the value chain. As industries prioritize sustainability, efficiency, and energy resilience, the demand for lithium-ion batteries is poised to rise significantly across diverse end-use applications.

世界のリチウムイオン電池市場は、年平均成長率(CAGR)10.3%で成長し、2025年の1,946億6,000万米ドルから2033年には4,263億7,000万米ドルに成長すると予測されています。市場の成長は、輸送、産業、エネルギー分野における電動化への加速と、電池性能、エネルギー密度、充電効率の継続的な進歩によって牽引されるでしょう。電気自動車の普及拡大と、電力系統の安定性と産業活動を支える高性能エネルギー貯蔵システムの必要性が、主要な成長ドライバーとなっています。強化された電池管理システムと製造プロセスの革新は、安全性、コスト最適化、そしてライフサイクルパフォーマンスの向上に貢献します。さらに、政府が支援する地域密着型の電池サプライチェーンの構築と大規模電池生産支援の取り組みは、バリューチェーン全体への投資を促進しています。産業界が持続可能性、効率性、エネルギーレジリエンスを優先するにつれ、多様な最終用途においてリチウムイオン電池の需要が大幅に増加すると見込まれています。

リチウムイオン電池市場 - 2033年までの世界予測
lithium-ion-battery-market1

“Growing adoption of NMC batteries to support lithium-ion battery market growth”

Lithium nickel manganese cobalt (NMC) batteries are projected to grow significantly in the lithium-ion battery market, driven by their high energy density, long cycle life, and strong thermal stability. These batteries strike an optimal balance of performance and cost, making them ideal for electric vehicles, power tools, medical devices, and industrial equipment. Ongoing efforts to reduce cobalt content are enhancing affordability and addressing sustainability concerns. Their ability to deliver reliable, high-capacity power in compact form factors supports their expanding use across automotive and energy storage systems. As industries prioritize lightweight, efficient, and long-lasting energy solutions, NMC batteries are emerging as a versatile and scalable option, reinforcing their position as a core technology in the evolving battery landscape.

“Rising energy storage demand fuels expansion of lithium-ion battery market”

Energy storage is poised to be the fastest-growing application in the lithium-ion battery market, driven by escalating demand for reliable, flexible, and cost-efficient energy solutions. Increasing grid instability, challenges in peak load management, and the critical need for uninterrupted backup power fuel the large-scale deployment of lithium-ion battery storage systems across utilities and industrial sectors. These systems enable optimized energy management by storing excess power during low-demand periods and delivering it during peak consumption, which helps reduce operational costs and strengthen grid resilience. The inherent scalability, rapid response times, and long service life of lithium-ion batteries make them ideal for both front-of-the-meter and behind-the-meter applications. Accelerated investments in grid modernization, renewable energy integration, and smart infrastructure boost adoption. As energy storage becomes increasingly central to the transformation of power systems, lithium-ion batteries will continue to play a pivotal role in enabling sustainable and efficient energy management worldwide.

リチウムイオン電池市場 - 2033年までの世界予測 region
lithium-ion-battery-market1-region

” Expanding EV adoption and renewable investments to drive Asia Pacific’s dominance in lithium-ion battery market”

The Asia Pacific region is expected to register the highest CAGR in the lithium-ion battery market during the forecast period, fueled by rapid growth in electric vehicle adoption and significant investments in renewable energy projects. Leading countries such as China, India, Japan, and South Korea are aggressively expanding their battery manufacturing capacities and technological capabilities. Government incentives supporting clean energy and energy storage solutions further accelerate market growth. Additionally, the region benefits from a well-established supply chain, abundant raw material availability, and ongoing infrastructure development. Moreover, as this region undertakes major manufacturing of Li-ion batteries, the adoption rate has seen an upward trend due to the cost minimization of these batteries. These factors collectively position Asia Pacific to lead global demand and innovation in lithium-ion battery technologies, making it the dominant region in the market over the coming years.

Breakdown of primaries

A variety of executives from key organizations operating in the lithium-ion battery market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.

  • By Company Type: Tier 1 –52%, Tier 2 – 31%, and Tier 3 – 17%
  • By Designation: Directors – 31%, C-level Executives – 47%, and Others – 22%
  • By Region: North America – 35%, Europe – 21%, Asia Pacific – 37%, and RoW – 7%

Note: Three tiers of companies are defined based on their total revenue as of 2024: tier 3 = revenue less than USD 500 million; tier 2 = revenue between USD 500 million and USD 5 billion; and tier 1 = revenue more than USD 5 billion. Other designations include sales, marketing, and product managers.

Major players profiled in this report are as follows:  LG Energy Solution (South Korea), Samsung SDI (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Ltd. (China), Contemporary Amperex Technology Co., Limited (China), BAK Power (China), CALB (China), CLARIOS (US), EnerSys (US), EVE Energy Co., Ltd. (China), Gotion, Inc. (China), GS Yuasa Corporation (Japan), Mitsubishi Electric Corporation (Japan), SK Innovation Co., Ltd. (South Korea), Tesla (US), Toshiba Corporation (Japan), Sunwoda Electronic Co., Ltd. (China), VARTA AG (Germany), AESC GROUP LTD. (Japan), Amperex Technology Limited (China), Amprius Technologies (US), Enovix Corporation (US), Farasis Energy (GanZhou) Co., Ltd. (China), Group14 Technologies, Inc. (US), Ipower Batteries Private Limited (India), Leclanché SA (Switzerland), LITHIUMWERKS (Netherlands), Lyten, Inc. (US), NexTech Batteries (US), PolyPlus Battery Company (US), Saft (France), Sila Nanotechnologies, Inc. (US) and SolarEdge (Israel). These leading companies possess a wide portfolio of products, establishing a prominent presence in established as well as emerging markets.

リチウムイオン電池市場 - 2033年までの世界予測 ecosystem
lithium-ion-battery-market1-ecosystem

The study provides a detailed competitive analysis of these key players in the lithium-ion battery market, presenting their company profiles, most recent developments, and key market strategies.

Research Coverage

This report segments the lithium-ion battery market based on battery type, application, and region. The battery type segment includes lithium nickel manganese cobalt oxide (NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO), and lithium nickel cobalt aluminum oxide (NCA). The application segment comprises electric vehicles (EVs), energy storage, industrial, consumer electronics, medical, and other applications, which include aerospace, marine, and telecommunications. The market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World (RoW).

Reasons to Buy the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the lithium-ion battery market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Key Benefits of Buying the Report

Analysis of key Drivers (Shift toward zero-emission vehicles due to clean mobility agenda, growing preference for LFP batteries among electric vehicle manufacturers, widespread adoption of battery-operated material handling equipment is in industrial applications, growing adoption of wearable devices), Restraints (Safety concerns and high recycling and disposal costs), Opportunities (new era of renewable energy capacity and storage innovations, accelerated R&D efforts to advance lithium-ion battery technologies, significant decline in costs of Li-ion batteries), and Challenges (Competition from emerging technologies such as sodium-ion and flow batteries, increased tariffs on Chinese EVs in Europe and North America, technical issues and battery performance-related challenges, managing financial risks and market disruptions witnessed by global battery manufacturers) influencing the growth of the lithium-ion battery market.

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the lithium-ion battery market
  • Market Development: Comprehensive information about lucrative markets by analyzing the lithium-ion battery market across varied regions
  • Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the lithium-ion battery market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Contemporary Amperex Technology Co., Limited. (China), LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Ltd.  (China), and Samsung SDI (South Korea), among others.

Table of Contents

1               INTRODUCTION              32

1.1           STUDY OBJECTIVES       32

1.2           MARKET DEFINITION   32

1.3           STUDY SCOPE   33

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      33

1.3.2        YEARS CONSIDERED      34

1.3.3        INCLUSIONS AND EXCLUSIONS 34

1.4           CURRENCY CONSIDERED            35

1.5           UNIT CONSIDERED        35

1.6           LIMITATIONS    35

1.7           STAKEHOLDERS               35

1.8           SUMMARY OF CHANGES               36

2               RESEARCH METHODOLOGY       37

2.1           RESEARCH DATA              37

2.1.1        SECONDARY AND PRIMARY RESEARCH 38

2.1.2        SECONDARY DATA          39

2.1.2.1    List of major secondary sources         39

2.1.2.2    Key data from secondary sources       40

2.1.3        PRIMARY DATA 40

2.1.3.1    Primary interviews with experts         40

2.1.3.2    Key primary interview participants   41

2.1.3.3    Key data from primary sources           41

2.1.3.4    Key industry insights           41

2.1.3.5    Breakdown of primaries      42

2.2           MARKET SIZE ESTIMATION         42

2.2.1        TOP-DOWN APPROACH                42

2.2.1.1    Estimation of market size using top-down approach      43

2.2.2        BOTTOM-UP APPROACH              43

2.2.2.1    Estimation of market size using bottom-up approach    43

2.3           DATA TRIANGULATION                45

2.4           RESEARCH ASSUMPTIONS           46

2.5           RESEARCH LIMITATIONS             46

2.6           RISK ANALYSIS  47

3               EXECUTIVE SUMMARY  48

4               PREMIUM INSIGHTS       51

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY MARKET             51

4.2           LITHIUM-ION BATTERY MARKET, BY APPLICATION                 51

4.3           LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY           52

4.4           LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY   52

4.5           LITHIUM-ION BATTERY MARKET, BY COUNTRY                 53

5               MARKET OVERVIEW       54

5.1           INTRODUCTION              54

5.2           MARKET DYNAMICS       54

5.2.1        DRIVERS               55

5.2.1.1    Transition to zero-emission vehicles due to clean mobility agenda                 55

5.2.1.2    Growing preference for LFP batteries among EV manufacturers                 56

5.2.1.3    Widespread deployment of battery-operated material handling equipment in industrial applications 56

5.2.1.4    Surging demand for wearable devices               57

5.2.2        RESTRAINTS      58

5.2.2.1    Safety concerns and high recycling and disposal costs   58

5.2.3        OPPORTUNITIES              59

5.2.3.1    New era of renewable energy capacity and storage innovations                 59

5.2.3.2    Accelerated R&D efforts to develop advanced Li-ion batteries                 61

5.2.3.3    Anticipated decline in costs of Li-ion batteries                61

5.2.4        CHALLENGES    62

5.2.4.1    Competition from emerging technologies such as sodium-ion and flow batteries         62

5.2.4.2    Increased tariffs on Chinese EVs in Europe and North America                 62

5.2.4.3    Technical issues and battery performance-related challenges                 63

5.2.4.4    Financial risks and market disruptions witnessed by battery manufacturers       63

5.3           VALUE CHAIN ANALYSIS               66

5.4           ECOSYSTEM ANALYSIS  68

5.5           PRICING ANALYSIS          71

5.5.1        AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, 2021–2033    71

5.5.2        PRICING RANGE OF LITHIUM-ION BATTERY PACKS, BY KEY PLAYER, 2024             72

5.5.3        AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES, 2021–2024    72

5.5.4        AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, BY REGION, 2021–2024           73

5.6           KEY INSIGHTS RELATED TO LITHIUM-ION BATTERY INDUSTRY           74

5.6.1        TOP LITHIUM-PRODUCING COUNTRIES               74

5.6.2        LITHIUM-ION BATTERY MANUFACTURING CAPACITY, BY COUNTRY,

2022 VS. 2025 VS. 2030      75

5.6.3        LIST OF CURRENTLY OPERATIONAL AND UPCOMING GIGAFACTORIES              75

5.7           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            77

5.8           INVESTMENT AND FUNDING SCENARIO               78

5.9           TECHNOLOGY ANALYSIS             80

5.9.1        KEY TECHNOLOGIES     80

5.9.1.1    Lithium-sulfur batteries      80

5.9.1.2    Lithium-silicon batteries     80

5.9.1.3    Solid-state batteries              80

5.9.2        ADJACENT TECHNOLOGIES       81

5.9.2.1    Flow batteries        81

5.9.2.1.1 Vanadium flow batteries      81

5.9.2.1.2 Zinc-bromine flow batteries                81

5.9.2.2    Zinc batteries        81

5.9.2.2.1 Nickel–zinc batteries            82

5.9.2.2.2 Zinc-ion batteries 82

5.9.2.3    Sodium-ion batteries            82

5.9.2.4    Liquid-metal batteries         82

5.9.3        COMPLEMENTARY TECHNOLOGIES       83

5.9.3.1    Battery management systems             83

5.9.3.2    Energy management system               83

5.10         PORTER’S FIVE FORCES ANALYSIS           83

5.10.1      BARGAINING POWER OF SUPPLIERS       84

5.10.2      BARGAINING POWER OF BUYERS             84

5.10.3      THREAT OF NEW ENTRANTS      85

5.10.4      THREAT OF SUBSTITUTES          85

5.10.5      INTENSITY OF COMPETITIVE RIVALRY 85

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA     85

5.11.1      KEY STAKEHOLDERS IN BUYING PROCESS           85

5.11.2      BUYING CRITERIA           86

5.12         CASE STUDY ANALYSIS 87

5.12.1      TOYOTA MATERIAL HANDLING HELPS REDUCE EQUIPMENT DOWNTIME BY REPLACING LEAD-ACID BATTERIES WITH LITHIUM-ION TECHNOLOGY                 87

5.12.2      LITHION’S LIFEPO₄ U-CHARGE BATTERY MODULES ALLOW MEDICAL EQUIPMENT MANUFACTURER INCREASE EFFICIENCY AND RELIABILITY OF MEDICAL DEVICES    87

5.12.3      EV MANUFACTURER ACHIEVES ENHANCED SAFETY AND IMPROVED RUN TIME BY REPLACING NIMH BATTERIES WITH LITHION’S LIFEPO₄ BATTERY MODULES  88

5.13         TRADE ANALYSIS             88

5.13.1      IMPORT SCENARIO (HS CODE 850650)    88

5.13.2      EXPORT SCENARIO (HS CODE 850650)    89

5.14         PATENT ANALYSIS          91

5.15         KEY CONFERENCES AND EVENTS, 2025–2026        94

5.16         REGULATORY LANDSCAPE         95

5.16.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             95

5.16.2      STANDARDS      98

5.17         IMPACT OF GEN AI/AI   100

5.17.1      INTRODUCTION              100

5.17.2      IMPACT OF AI ON LITHIUM-ION BATTERY MARKET                 101

5.17.3      TOP USE CASES AND MARKET POTENTIAL          101

5.18         IMPACT OF 2025 US TARIFF         103

5.18.1      INTRODUCTION              103

5.18.2      KEY TARIFF RATES          104

5.18.3      PRICE IMPACT ANALYSIS             105

5.18.4      IMPACT ON COUNTRY/REGION                105

5.18.4.1  US           105

5.18.4.2  Europe   106

5.18.4.3  Asia Pacific            107

5.18.5      IMPACT ON APPLICATIONS        108

6               MATERIALS USED IN LITHIUM-ION BATTERIES 109

6.1           INTRODUCTION              109

6.2           CATHODE           109

6.2.1        CATHODE MATERIALS FOR LITHIUM-ION BATTERIES                 110

6.2.1.1    Lithium iron phosphate       110

6.2.1.2    Lithium cobalt oxide            110

6.2.1.3    Lithium nickel manganese cobalt      110

6.2.1.4    Lithium nickel cobalt aluminum oxide              110

6.2.1.5    Lithium manganese oxide   111

6.3           ANODE 111

6.3.1        ANODE MATERIALS FOR LITHIUM-ION BATTERIES                 111

6.3.1.1    Natural graphite   111

6.3.1.2    Artificial graphite 111

6.3.1.3    Other anode materials         112

6.4           ELECTROLYTE  112

6.5           SEPARATOR       112

6.6           CURRENT COLLECTOR 112

6.7           OTHER MATERIALS        113

7               LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE                 114

7.1           INTRODUCTION              115

7.2           NMC      117

7.2.1        LOWER SELF-HEATING RATE TO ACCELERATE ADOPTION         117

7.3           LFP         119

7.3.1        LONG LIFESPAN AND LOW MAINTENANCE REQUIREMENTS TO BOOST DEMAND   119

7.4           LCO        121

7.4.1        RISING USE IN PORTABLE ELECTRONICS TO DRIVE MARKET               121

7.5           LTO        123

7.5.1        HIGH SECURITY AND STABILITY DUE TO LOW OPERATING VOLTAGE TO BOOST DEMAND      123

7.6           LMO       125

7.6.1        ENHANCED THERMAL STABILITY AND SAFETY TO ACCELERATE ADOPTION             125

7.7           NCA       127

7.7.1        POWER AND AUTOMOTIVE INDUSTRIES TO CONTRIBUTE MOST TO MARKET GROWTH        127

8               LITHIUM-ION BATTERY MARKET, BY APPLICATION                 130

8.1           INTRODUCTION              131

8.2           EVS         133

8.2.1        GROWING ADOPTION OF ELECTRIC VEHICLES TO DRIVE MARKET 133

8.2.2        BY BATTERY CAPACITY 134

8.2.2.1    Below 50 kWh       134

8.2.2.1.1 Increasing consumer awareness regarding zero-emission transportation to boost demand         134

8.2.2.2    50–100 kWh          134

8.2.2.2.1 Rising demand for SUVs and electric vans to fuel segmental growth    134

8.2.2.3    Above 100 kWh    134

8.2.2.3.1 Growing use of high-capacity batteries in heavy-duty and industrial vehicles and commercial EVs to support market growth                 134

8.2.3        BY BATTERY TYPE           135

8.2.4        BY BATTERY FORM         136

8.2.4.1    Prismatic                137

8.2.4.1.1 Excellence in thermal management and long cycle lift to accelerate demand by EV manufacturers          137

8.2.4.2    Pouch     137

8.2.4.2.1 High power output and adaptability to varying vehicle architectures and designs to boost demand      137

8.2.4.3    Cylindrical             137

8.2.4.3.1 High energy density, effective thermal management, and ease of integration within battery packs to spur demand            137

8.2.5        BY VEHICLE TYPE            138

8.2.5.1    Passenger cars      138

8.2.5.1.1 Rising investments in electrification of transportation sector to support market growth        138

8.2.5.2    Vans/Light trucks 139

8.2.5.2.1 Government incentives for clean transportation to create lucrative opportunities         139

8.2.5.3    Medium & heavy trucks      139

8.2.5.3.1 Transition to sustainable logistics to fuel market growth                 139

8.2.5.4    Buses      139

8.2.5.4.1 Increasing deployment of electric buses in urban areas to contribute to market growth               139

8.2.5.5    Off-highway vehicles           140

8.2.5.5.1 Tightening emission regulations and sustainability targets to spike demand        140

8.2.6        BY REGION         140

8.3           ENERGY STORAGE          144

8.3.1        GROWING IMPLEMENTATION OF LI-ON BATTERIES IN RESIDENTIAL AND GRID-SCALE ENERGY STORAGE APPLICATIONS TO DRIVE MARKET         144

8.3.2        BY BATTERY CAPACITY 145

8.3.2.1    Below 30 kWh       145

8.3.2.1.1 Need for reliable backup power by homeowners to stimulate demand  145

8.3.2.2    30 kWh–10 MWh 145

8.3.2.2.1 Integration of renewable energy into commercial facilities and industrial plants to boost adoption    145

8.3.2.3    Above 10 MWh     145

8.3.2.3.1 Transition toward cleaner energy mix to create growth opportunities         145

8.3.3        BY BATTERY TYPE           146

8.3.4        BY CONNECTION TYPE 147

8.3.5        BY END USE        148

8.3.5.1    Residential             148

8.3.5.1.1 Growing interest in residential battery storage for cost reduction and sustainable living to spike demand             148

8.3.5.2    Commercial & industrial     148

8.3.5.2.1 Surging use of UPS in data centers, factories, and hospitals to fuel market growth       148

8.3.5.3    Utilities  149

8.3.5.3.1 Increasing reliance of utility operators on energy storage systems to ensure reliable power supply to drive market              149

8.3.6        BY REGION         149

8.4           INDUSTRIAL      153

8.4.1        INCREASING DEPLOYMENT OF ELECTRIFIED SYSTEMS SUPPORTING AUTOMATED OPERATIONS TO PROPEL MARKET                 153

8.4.2        BY TYPE               153

8.4.2.1    Material handling equipment              153

8.4.2.2    Mining equipment                154

8.4.2.3    Low-speed electric vehicles 154

8.4.2.4    Industrial tools      154

8.4.3        BY BATTERY CAPACITY 154

8.4.3.1    Below 50 kWh       155

8.4.3.1.1 Increasing deployment of LSEVs in warehouses, campuses, and manufacturing facilities to fuel segmental growth           155

8.4.3.2    50–100 kWh          155

8.4.3.2.1 Ability to fast charge and support multi-shift operations to increase adoption 155

8.4.3.3    Above 100 kWh    155

8.4.3.3.1 Excellence in meeting high energy demands and performing operations for extended hours to foster segmental growth            155

8.4.4        BATTERY TYPE 156

8.4.5        BY REGION         157

8.5           CONSUMER ELECTRONICS          160

8.5.1        LONG LIFESPAN, HIGH ENERGY DENSITY, LOW SELF-DISCHARGE RATE TO INCREASE INTEGRATION INTO ELECTRONIC DEVICES  160

8.5.2        BY PRODUCT TYPE         160

8.5.2.1    Smartphones         160

8.5.2.1.1 Compact design and ability to support fast charging to boost adoption 160

8.5.2.2    Laptops & tablets 161

8.5.2.2.1 Prolonged runtime capability to support video streaming, gaming, and remote work tasks with fast-charging capabilities to stimulate demand                 161

8.5.2.3    Wearables              161

8.5.2.3.1 Capacity to support extending wearable functionality to stimulate segmental growth 161

8.5.3        BY BATTERY CAPACITY 162

8.5.3.1    Below 10 Wh         162

8.5.3.1.1 Rising demand for ultra-portable devices, such as wireless earbuds, fitness trackers, smartwatches, to fuel segmental growth                 162

8.5.3.2    10–30 Wh               162

8.5.3.2.1 Ability to meet prolonged usage and moderate energy requirements to foster segmental growth         162

8.5.3.3    Above 30 Wh         162

8.5.3.3.1 Surging demand for laptops, high-performance tablets, and portable speakers to accelerate market growth                 162

8.5.4        BY BATTERY TYPE           163

8.5.5        BY REGION         164

8.6           MEDICAL             167

8.6.1        ESCALATING NEED FOR RELIABLE POWER SUPPLY FOR LIFE-SAVING DEVICES TO FACILITATE ADOPTION         167

8.6.2        BY DEVICE TYPE               167

8.6.2.1    Portable & diagnostic devices             168

8.6.2.2    Wearable & implantable devices        168

8.6.3        BY BATTERY CAPACITY 168

8.6.3.1    Below 10 Wh         168

8.6.3.1.1 Rising use of pacemakers, neurostimulators, and continuous glucose monitors to drive market       168

8.6.3.2    10–50 Wh               168

8.6.3.2.1 Ability to support functions requiring intermittent higher power draws to stimulate demand 168

8.6.3.3    Above 50 Wh         169

8.6.3.3.1 Escalating requirement for portable ventilators, mobile imaging systems, and surgical power tools to contribute to segmental growth                 169

8.6.4        BY BATTERY TYPE           169

8.6.5        BY REGION         170

8.7           OTHER APPLICATIONS 173

8.7.1        TELECOMMUNICATIONS             174

8.7.1.1    Higher power density, faster charging times, longer lifespan, and minimal maintenance features to drive adoption             174

8.7.2        MARINE                174

8.7.2.1    Ability to resist high discharge currents, mechanical shocks, and vibrations to spur demand  174

8.7.3        AEROSPACE       174

8.7.3.1    Greater emphasis of aerospace companies on minimizing aircraft weight and maximizing power to accelerate demand      174

8.7.4        BY BATTERY TYPE           174

8.7.5        BY REGION         175

9               LITHIUM-ION BATTERY MARKET, BY REGION   179

9.1           INTRODUCTION              180

9.2           NORTH AMERICA             182

9.2.1        MACROECONOMIC OUTLOOK FOR NORTH AMERICA                 183

9.2.2        US           187

9.2.2.1    Public–private alliances for clean energy future to expedite demand  187

9.2.3        CANADA               188

9.2.3.1    Abundance of cobalt, lithium, and nickel materials to create lucrative opportunities for battery providers   188

9.2.4        MEXICO                188

9.2.4.1    Increasing investments in lithium-ion battery production to drive market    188

9.3           EUROPE               189

9.3.1        MACROECONOMIC OUTLOOK FOR EUROPE      189

9.3.2        GERMANY           193

9.3.2.1    Clean energy goals to fuel battery demand      193

9.3.3        UK          194

9.3.3.1    Rising focus on generating electricity using renewables to foster market growth       194

9.3.4        FRANCE                194

9.3.4.1    Government-backed expansion of lithium and EV battery ecosystem to support market growth 194

9.3.5        ITALY    195

9.3.5.1    Government incentives promoting use of EVs to contribute to market growth       195

9.3.6        SPAIN    196

9.3.6.1    Push for clean mobility and clean energy to boost demand                 196

9.3.7        REST OF EUROPE             196

9.4           ASIA PACIFIC     197

9.4.1        MACROECONOMIC OUTLOOK FOR ASIA PACIFIC                 197

9.4.2        CHINA  201

9.4.2.1    Strategic dominance in battery supply chain and EV manufacturing to accelerate market growth     201

9.4.3        JAPAN   201

9.4.3.1    Strong presence of major lithium-ion manufacturers to support market growth       201

9.4.4        INDIA    202

9.4.4.1    Lithium discoveries and rising EV adoption to unlock new opportunities         202

9.4.4.2    Recent strategic developments accelerating India’s lithium-ion battery market growth          203

9.4.5        SOUTH KOREA  204

9.4.5.1    Investment in advanced battery technologies to fuel market expansion               204

9.4.6        AUSTRALIA         205

9.4.6.1    Growing demand for cleaner and more affordable transportation to fuel market growth           205

9.4.7        REST OF ASIA PACIFIC   205

9.5           ROW      206

9.5.1        MACROECONOMIC OUTLOOK FOR ROW              206

9.5.2        MIDDLE EAST   209

9.5.2.1    Bahrain  210

9.5.2.1.1 Economic diversification and clean energy initiatives to propel market    210

9.5.2.2    Kuwait    210

9.5.2.2.1 Vision 2035 and clean energy investments to support market growth    210

9.5.2.3    Oman     210

9.5.2.3.1 National Energy Strategy and clean mobility goals to unlock market potential   210

9.5.2.4    Qatar      210

9.5.2.4.1 E-mobility and smart energy initiatives under National Vision 2030 to foster market growth              210

9.5.2.5    Saudi Arabia          211

9.5.2.5.1 Heavy investments in EV manufacturing and renewable energy projects to drive market       211

9.5.2.6    UAE        211

9.5.2.6.1 Energy Strategy 2050 and gigascale storage initiative to create growth opportunities            211

9.5.2.7    Rest of Middle East              211

9.5.3        AFRICA 212

9.5.3.1    South Africa           212

9.5.3.1.1 Deployment of solar energy and demand for battery storage to drive market          212

9.5.3.2    Other African countries      212

9.5.4        SOUTH AMERICA             213

9.5.4.1    Attractive destination for lithium-ion battery manufacturers to propel market        213

10            COMPETITIVE LANDSCAPE         214

10.1         INTRODUCTION              214

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024                 214

10.3         REVENUE ANALYSIS, 2021–2024  216

10.4         MARKET SHARE ANALYSIS, 2024                 217

10.4.1      OVERALL LITHIUM-ION BATTERY MARKET SHARE ANALYSIS            217

10.4.2      LITHIUM-ION BATTERY MARKET SHARE ANALYSIS FOR

EV APPLICATION, BY INSTALLED CAPACITY       218

10.5         COMPANY VALUATION AND FINANCIAL METRICS                 221

10.6         BRAND COMPARISON   222

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 223

10.7.1      STARS   223

10.7.2      EMERGING LEADERS     223

10.7.3      PERVASIVE PLAYERS      223

10.7.4      PARTICIPANTS 223

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         225

10.7.5.1  Company footprint               225

10.7.5.2  Region footprint   226

10.7.5.3  Battery type footprint          227

10.7.5.4  Application footprint            228

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        229

10.8.1      PROGRESSIVE COMPANIES         229

10.8.2      RESPONSIVE COMPANIES            229

10.8.3      DYNAMIC COMPANIES  229

10.8.4      STARTING BLOCKS         229

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 231

10.8.5.1  Detailed list of key startups/SMEs    231

10.8.5.2  Competitive benchmarking of key startups/SMEs          231

10.8.6      STARTUP LANDSCAPE ACROSS KEY SEGMENTS OF

LITHIUM BATTERY VALUE CHAIN            232

10.9         COMPETITIVE SCENARIO             232

10.9.1      PRODUCT LAUNCHES   232

10.9.2      DEALS  234

10.9.3      EXPANSIONS     236

10.9.4      OTHER DEVELOPMENTS              237

11            COMPANY PROFILES      238

11.1         KEY PLAYERS     238

11.1.1      LG ENERGY SOLUTION 238

11.1.1.1  Business overview 238

11.1.1.2  Products/Solutions/Services offered 239

11.1.1.3  Recent developments           240

11.1.1.3.1                Product launches  240

11.1.1.3.2                Deals      240

11.1.1.3.3                Expansions             243

11.1.1.4  MnM view              244

11.1.1.4.1                Key strengths/Right to win 244

11.1.1.4.2                Strategic choices   244

11.1.1.4.3                Weaknesses and competitive threats 244

11.1.2      SAMSUNG SDI   245

11.1.2.1  Business overview 245

11.1.2.2  Products/Solutions/Services offered 246

11.1.2.3  Recent developments           247

11.1.2.3.1                Deals      247

11.1.2.3.2                Expansions             247

11.1.2.3.3                Other developments             248

11.1.2.4  MnM view              248

11.1.2.4.1                Key strengths/Right to win 248

11.1.2.4.2                Strategic choices   248

11.1.2.4.3                Weaknesses and competitive threats 248

11.1.3      PANASONIC HOLDINGS CORPORATION                249

11.1.3.1  Business overview 249

11.1.3.2  Products/Solutions/Services offered 250

11.1.3.3  Recent developments           251

11.1.3.3.1                Deals      251

11.1.3.3.2                Expansions             252

11.1.3.3.3                Other developments             253

11.1.3.4  MnM view              253

11.1.3.4.1                Key strengths/Right to win 253

11.1.3.4.2                Strategic choices   253

11.1.3.4.3                Weaknesses and competitive threats 253

11.1.4      BYD COMPANY LTD.      254

11.1.4.1  Business overview 254

11.1.4.2  Products/Solutions/Services offered 255

11.1.4.3  Recent developments           256

11.1.4.3.1                Deals      256

11.1.4.4  MnM view              256

11.1.4.4.1                Key strengths/Right to win 256

11.1.4.4.2                Strategic choices   256

11.1.4.4.3                Weaknesses and competitive threats 256

11.1.5      CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED              257

11.1.5.1  Business overview 257

11.1.5.2  Products/Solutions/Services offered 258

11.1.5.3  Recent developments           259

11.1.5.3.1                Product launches  259

11.1.5.3.2                Deals      260

11.1.5.4  MnM view              261

11.1.5.4.1                Key strengths/Right to win 261

11.1.5.4.2                Strategic choices   262

11.1.5.4.3                Weaknesses and competitive threats 262

11.1.6      BAK POWER       263

11.1.6.1  Business overview 263

11.1.6.2  Products/Solutions/Services offered 263

11.1.6.3  Recent developments           264

11.1.6.3.1                Product launches  264

11.1.6.3.2                Expansions             265

11.1.7      CALB     266

11.1.7.1  Business overview 266

11.1.7.2  Products/Solutions/Services offered 267

11.1.7.3  Recent developments           268

11.1.7.3.1                Product launches  268

11.1.8      CLARIOS               269

11.1.8.1  Business overview 269

11.1.8.2  Products/Solutions/Services offered 269

11.1.9      ENERSYS              270

11.1.9.1  Business overview 270

11.1.9.2  Products/Solutions/Services offered 271

11.1.9.3  Recent developments           272

11.1.9.3.1                Deals      272

11.1.9.3.2                Expansions             272

11.1.10   EVE ENERGY CO., LTD.  273

11.1.10.1                 Business overview 273

11.1.10.2                 Products/Solutions/Services offered 274

11.1.10.3                 Recent developments           275

11.1.10.3.1             Product launches  275

11.1.10.3.2             Deals      275

11.1.11   GOTION               277

11.1.11.1                 Business overview 277

11.1.11.2                 Products/Solutions/Services offered 278

11.1.11.3                 Recent developments           279

11.1.11.3.1             Deals      279

11.1.12   GS YUASA CORPORATION            280

11.1.12.1                 Business overview 280

11.1.12.2                 Products/Solutions/Services offered 281

11.1.12.3                 Recent developments           282

11.1.12.3.1             Deals      282

11.1.12.3.2             Other developments             282

11.1.13   MITSUBISHI ELECTRIC CORPORATION 283

11.1.13.1                 Business overview 283

11.1.13.2                 Products/Solutions/Services offered 284

11.1.14   SK INNOVATION CO., LTD.          285

11.1.14.1                 Business overview 285

11.1.14.2                 Products/Solutions/Services offered 286

11.1.14.3                 Recent developments           287

11.1.14.3.1             Deals      287

11.1.15   TESLA   288

11.1.15.1                 Business overview 288

11.1.15.2                 Products/Solutions/Services offered 289

11.1.15.3                 Recent developments           290

11.1.15.3.1             Developments       290

11.1.16   TOSHIBA CORPORATION             291

11.1.16.1                 Business overview 291

11.1.16.2                 Products/Solutions/Services offered 292

11.1.16.3                 Recent developments           293

11.1.16.3.1             Product launches  293

11.1.16.3.2             Deals      293

11.1.17   SUNWODA ELECTRONIC CO., LTD.          294

11.1.17.1                 Business overview 294

11.1.17.2                 Products/Solutions/Services offered 295

11.1.17.3                 Recent developments           296

11.1.17.3.1             Deals      296

11.1.18   VARTA AG           297

11.1.18.1                 Business overview 297

11.1.18.2                 Products/Solutions/Services offered 298

11.2         OTHER PLAYERS              299

11.2.1      AESC GROUP LTD.           299

11.2.2      AMPEREX TECHNOLOGY LIMITED          300

11.2.3      AMPRIUS TECHNOLOGIES           301

11.2.4      ENOVIX CORPORATION                302

11.2.5      FARASIS ENERGY(GANZHOU)CO., LTD. 303

11.2.6      GROUP14 TECHNOLOGIES, INC.                304

11.2.7      IPOWER BATTERIES PRIVATE LIMITED 305

11.2.8      LECLANCHÉ SA 306

11.2.9      LITHIUMWERKS                307

11.2.10   LYTEN, INC.        308

11.2.11   NEXTECH BATTERIES    309

11.2.12   PPBC (POLYPLUS BATTERY COMPANY)                310

11.2.13   SAFT      311

11.2.14   SILA NANOTECHNOLOGIES INC.              312

11.2.15   SOLAREDGE       313

12            APPENDIX           314

12.1         DISCUSSION GUIDE        314

12.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                317

12.3         CUSTOMIZATION OPTIONS        319

12.4         RELATED REPORTS         319

12.5         AUTHOR DETAILS           320

LIST OF TABLES

TABLE 1                LITHIUM-ION BATTERY MARKET: RISK ANALYSIS            47

TABLE 2                LIST OF UPCOMING GLOBAL BESS PROJECTS                 60

TABLE 3                LIST OF COMPANIES WITNESSED BANKRUPTCY IN LITHIUM-ION BATTERY MARKET       64

TABLE 4                LITHIUM-ION BATTERY ECOSYSTEM ANALYSIS                 70

TABLE 5                PRICING RANGE OF LITHIUM-ION BATTERY PACKS OFFERED

BY KEY PLAYERS, 2024    72

TABLE 6                AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES,

2021–2024 (USD/KWH)   73

TABLE 7                AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, BY REGION,

2021–2024 (USD/KWH)   74

TABLE 8                LITHIUM PRODUCTION, BY COUNTRY, 2023                 74

TABLE 9                LARGEST OPERATIONAL GIGAFACTORIES WORLDWIDE     76

TABLE 10              UPCOMING GIGAFACTORIES WORLDWIDE                 77

TABLE 11              LARGEST PE/VC-BACKED INVESTMENTS IN BATTERY ENERGY STORAGE SYSTEMS ANNOUNCED IN 2024                 79

TABLE 12              LITHIUM-ION BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS 83

TABLE 13              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION        86

TABLE 14              KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 86

TABLE 15              IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            89

TABLE 16              EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            90

TABLE 17              LITHIUM-ION BATTERY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2021–2024                 92

TABLE 18              LITHIUM-ION BATTERY MARKET: LIST OF KEY CONFERENCES AND EVENTS     94

TABLE 19              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             95

TABLE 20              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 96

TABLE 21              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 97

TABLE 22              ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 98

TABLE 23              STANDARDS      98

TABLE 24              US-ADJUSTED RECIPROCAL TARIFF RATES                 104

TABLE 25              KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR LITHIUM-ION BATTERY MARKET   104

TABLE 26              EXPECTED CHANGE IN PRICES AND ANTICIPATED IMPACT ON APPLICATIONS MARKET DUE TO TARIFF 105

TABLE 27              KEY MATERIALS USED IN LITHIUM-ION BATTERY COMPONENTS              109

TABLE 28              COMPARISON OF LITHIUM-ION BATTERY TYPES BASED ON DIFFERENT PARAMETERS       116

TABLE 29              LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2021–2024 (USD BILLION) 116

TABLE 30              LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2025–2033 (USD BILLION) 117

TABLE 31              NMC: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2021–2024 (USD BILLION)             118

TABLE 32              NMC: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2025–2033 (USD BILLION)             118

TABLE 33              NMC: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD BILLION)           119

TABLE 34              NMC: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD BILLION)           119

TABLE 35              LFP: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021–2024 (USD BILLION)               120

TABLE 36              LFP: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025–2033 (USD BILLION)               120

TABLE 37              LFP: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD BILLION)           121

TABLE 38              LFP: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD BILLION)           121

TABLE 39              LCO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021–2024 (USD BILLION)               122

TABLE 40              LCO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025–2033 (USD BILLION)               122

TABLE 41              LCO: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD BILLION)           123

TABLE 42              LCO: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD BILLION)           123

TABLE 43              LTO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021–2024 (USD BILLION)               124

TABLE 44              LTO: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025–2033 (USD BILLION)               124

TABLE 45              LTO: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD BILLION)           125

TABLE 46              LTO: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD BILLION)           125

TABLE 47              LMO: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2021–2024 (USD BILLION)             126

TABLE 48              LMO: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2025–2033 (USD BILLION)             126

TABLE 49              LMO: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD BILLION)           127

TABLE 50              LMO: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD BILLION)           127

TABLE 51              NCA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021–2024 (USD BILLION)               128

TABLE 52              NCA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025–2033 (USD BILLION)               128

TABLE 53              NCA: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD BILLION)           129

TABLE 54              NCA: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD BILLION)           129

TABLE 55              LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021–2024 (USD BILLION)               132

TABLE 56              LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025–2033 (USD BILLION)               133

TABLE 57              EVS: LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY, 2021–2024 (GWH)              133

TABLE 58              EVS: LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY, 2025–2033 (GWH)              133

TABLE 59              EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,

2021–2024 (USD BILLION)             135

TABLE 60              EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,

2025–2033 (USD BILLION)             135

TABLE 61              EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD BILLION)             135

TABLE 62              EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD BILLION)             136

TABLE 63              BATTERY TYPE/FORM USED BY OEMS, BY EV MODEL, 2025–2026            136

TABLE 64              BATTERY FORMS: ADVANTAGES AND DISADVANTAGES            136

TABLE 65              EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY FORM,

2021–2024 (USD BILLION)             138

TABLE 66              EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY FORM,

2025–2033 (USD BILLION)             138

TABLE 67              EVS : LITHIUM-ION BATTERY MARKET, BY VEHICLE TYPE, 2021–2024 (GWH)              140

TABLE 68              EVS: LITHIUM-ION BATTERY MARKET, BY VEHICLE TYPE, 2025–2033 (GWH)              140

TABLE 69              EVS: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD BILLION)           141

TABLE 70              EVS: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD BILLION)           141

TABLE 71              EVS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY,

2021–2024 (USD BILLION)             141

TABLE 72              EVS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY,

2025–2033 (USD BILLION)             141

TABLE 73              EVS: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,

2021–2024 (USD BILLION)           142

TABLE 74              EVS: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,

2025–2033 (USD BILLION)             142

TABLE 75              EVS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,

2021–2024 (USD BILLION)             142

TABLE 76              EVS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,

2025–2033 (USD BILLION)             143

TABLE 77              EVS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,

2021–2024 (USD BILLION)             143

TABLE 78              EVS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,

2025–2033 (USD BILLION)             143

TABLE 79              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY, 2021–2024 (GWH)    144

TABLE 80              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY, 2025–2033 (GWH)    144

TABLE 81              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,

2021–2024 (USD BILLION)             146

TABLE 82              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,

2025–2033 (USD BILLION)             146

TABLE 83              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD BILLION)             146

TABLE 84              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD BILLION)             147

TABLE 85              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY CONNECTION TYPE,

2021–2024 (USD BILLION)             147

TABLE 86              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY CONNECTION TYPE,

2025–2033 (USD BILLION)             147

TABLE 87              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY END USE,

2021–2024 (USD BILLION)             149

TABLE 88              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY END USE,

2025–2033 (USD BILLION)             149

TABLE 89              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY REGION,

2021–2024 (USD BILLION)             150

TABLE 90              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY REGION,

2025–2033 (USD BILLION)             150

TABLE 91              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD BILLION)                150

TABLE 92              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2033 (USD BILLION)                150

TABLE 93              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD BILLION)                 151

TABLE 94              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY, 2025–2033 (USD BILLION)                 151

TABLE 95              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD BILLION)             151

TABLE 96              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2033 (USD BILLION)             152

TABLE 97              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,

2021–2024 (USD BILLION)             152

TABLE 98              ENERGY STORAGE: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,

2025–2033 (USD BILLION)             152

TABLE 99              INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,

2021–2024 (USD MILLION)            155

TABLE 100            INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,

2025–2033 (USD MILLION)            156

TABLE 101            INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            156

TABLE 102            INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD MILLION)            156

TABLE 103            INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY REGION,

2021–2024 (USD MILLION)            157

TABLE 104            INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY REGION,

2025–2033 (USD MILLION)            157

TABLE 105            INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)                 157

TABLE 106            INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2033 (USD MILLION)                 158

TABLE 107            INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,

2021–2024 (USD MILLION)            158

TABLE 108            INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,

2025–2033 (USD MILLION)            158

TABLE 109            INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,

2021–2024 (USD MILLION)            159

TABLE 110            INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,

2025–2033 (USD MILLION)            159

TABLE 111            INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,

2021–2024 (USD MILLION)            159

TABLE 112            INDUSTRIAL: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,

2025–2033 (USD MILLION)            160

TABLE 113            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE, 2021–2024 (USD BILLION)             161

TABLE 114            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE, 2025–2033 (USD BILLION)             162

TABLE 115            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY, 2021–2024 (USD BILLION)             163

TABLE 116            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY, 2025–2033 (USD BILLION)             163

TABLE 117            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2021–2024 (USD BILLION)             163

TABLE 118            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2025–2033 (USD BILLION)             164

TABLE 119            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY REGION,

2021–2024 (USD BILLION)             164

TABLE 120            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY REGION,

2025–2033 (USD BILLION)             164

TABLE 121            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD BILLION)        165

TABLE 122            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2033 (USD BILLION)        165

TABLE 123            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN EUROPE,

BY COUNTRY, 2021–2024 (USD BILLION)                165

TABLE 124            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN EUROPE,

BY COUNTRY, 2025–2033 (USD BILLION)                166

TABLE 125            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD BILLION)                166

TABLE 126            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2033 (USD BILLION)                166

TABLE 127            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION, 2021–2024 (USD BILLION)             167

TABLE 128            CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION, 2025–2033 (USD BILLION)             167

TABLE 129            MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,

2021–2024 (USD MILLION)            169

TABLE 130            MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,

2025–2033 (USD MILLION)            169

TABLE 131            MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            170

TABLE 132            MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD MILLION)            170

TABLE 133            MEDICAL: LITHIUM-ION BATTERY MARKET, BY REGION,

2021–2024 (USD MILLION)            170

TABLE 134            MEDICAL: LITHIUM-ION BATTERY MARKET, BY REGION,

2025–2033 (USD MILLION)            171

TABLE 135            MEDICAL: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)                 171

TABLE 136            MEDICAL: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2033 (USD MILLION)                 171

TABLE 137            MEDICAL: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,

2021–2024 (USD MILLION)            172

TABLE 138            MEDICAL: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY,

2025–2033 (USD MILLION)            172

TABLE 139            MEDICAL: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,

2021–2024 (USD MILLION)            172

TABLE 140            MEDICAL: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC, BY COUNTRY,

2025–2033 (USD MILLION)            173

TABLE 141            MEDICAL: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,

2021–2024 (USD MILLION)            173

TABLE 142            MEDICAL: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION,

2025–2033 (USD MILLION)            173

TABLE 143            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            175

TABLE 144            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD MILLION)            175

TABLE 145            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY REGION,

2021–2024 (USD MILLION)            175

TABLE 146            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY REGION,

2025–2033 (USD MILLION)            176

TABLE 147            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               176

TABLE 148            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2033 (USD MILLION)               176

TABLE 149            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)                 177

TABLE 150            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN EUROPE, BY COUNTRY, 2025–2033 (USD MILLION)                 177

TABLE 151            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               177

TABLE 152            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2033 (USD MILLION)               178

TABLE 153            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)                 178

TABLE 154            OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET IN ROW, BY REGION, 2025–2033 (USD MILLION)                 178

TABLE 155            LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD BILLION)             182

TABLE 156            LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD BILLION)             182

TABLE 157            NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY,

2021–2024 (USD BILLION)             185

TABLE 158            NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY,

2025–2033 (USD BILLION)             185

TABLE 159            NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD BILLION)             186

TABLE 160            NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD BILLION)             186

TABLE 161            NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2021–2024 (USD BILLION)             186

TABLE 162            NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2025–2033 (USD BILLION)             187

TABLE 163            EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY,

2021–2024 (USD BILLION)             191

TABLE 164            EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY,

2025–2033 (USD BILLION)             191

TABLE 165            EUROPE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD BILLION)             192

TABLE 166            EUROPE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD BILLION)             192

TABLE 167            EUROPE: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2021–2024 (USD BILLION)             192

TABLE 168            EUROPE: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2025–2033 (USD BILLION)             193

TABLE 169            ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY,

2021–2024 (USD BILLION)             199

TABLE 170            ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY,

2025–2033 (USD BILLION)             199

TABLE 171            ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD BILLION)             200

TABLE 172            ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD BILLION)             200

TABLE 173            ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2021–2024 (USD BILLION)             200

TABLE 174            ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2025–2033 (USD BILLION)             201

TABLE 175            ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION)          207

TABLE 176            ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2033 (USD MILLION)          207

TABLE 177            ROW: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2021–2024 (USD MILLION)            208

TABLE 178            ROW: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,

2025–2033 (USD MILLION)            208

TABLE 179            ROW: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            208

TABLE 180            ROW: LITHIUM-ION BATTERY MARKET, BY APPLICATION,

2025–2033 (USD MILLION)            209

TABLE 181            MIDDLE EAST: LITHIUM-ION BATTERY MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            209

TABLE 182            MIDDLE EAST: LITHIUM-ION BATTERY MARKET, BY COUNTRY,

2025–2033 (USD MILLION)            210

TABLE 183            AFRICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     212

TABLE 184            AFRICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2025–2033 (USD MILLION)     212

TABLE 185            LITHIUM-ION BATTERY MARKET: OVERVIEW OF STRATEGIES

ADOPTED BY KEY PLAYERS, 2021–2024   214

TABLE 186            LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION, 2024       217

TABLE 187            LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION FOR EVS APPLICATIONS, 2024     218

TABLE 188            LITHIUM-ION BATTERY MARKET: REGION FOOTPRINT       226

TABLE 189            LITHIUM-ION BATTERY MARKET: BATTERY TYPE FOOTPRINT            227

TABLE 190            LITHIUM-ION BATTERY MARKET: APPLICATION FOOTPRINT         228

TABLE 191            LITHIUM-ION BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES   231

TABLE 192            LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES                 231

TABLE 193            LITHIUM-ION BATTERY MARKET: PRODUCT LAUNCHES, JANUARY 2021–MAY 2025      233

TABLE 194            LITHIUM-ION BATTERY MARKET: DEALS, JANUARY 2021–MAY 2025               234

TABLE 195            LITHIUM-ION BATTERY MARKET: EXPANSIONS, JANUARY 2021–MAY 2025               236

TABLE 196            LITHIUM-ION BATTERY MARKET: OTHER DEVELOPMENTS,

JANUARY 2021–MAY 2025               237

TABLE 197            LG ENERGY SOLUTION: COMPANY OVERVIEW                 238

TABLE 198            LG ENERGY SOLUTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    239

TABLE 199            LG ENERGY SOLUTION: PRODUCT LAUNCHES                 240

TABLE 200            LG ENERGY SOLUTION: DEALS 240

TABLE 201            LG ENERGY SOLUTION: EXPANSIONS    243

TABLE 202            SAMSUNG SDI: COMPANY OVERVIEW    245

TABLE 203            SAMSUNG SDI: PRODUCTS/SOLUTIONS/SERVICES OFFERED    246

TABLE 204            SAMSUNG SDI: DEALS   247

TABLE 205            SAMSUNG SDI: EXPANSIONS      247

TABLE 206            SAMSUNG SDI: OTHER DEVELOPMENTS                 248

TABLE 207            PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW   249

TABLE 208            PANASONIC HOLDINGS CORPORATION:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    250

TABLE 209            PANASONIC HOLDINGS CORPORATION: DEALS                 251

TABLE 210            PANASONIC HOLDINGS CORPORATION: EXPANSIONS     252

TABLE 211            PANASONIC HOLDINGS CORPORATION: OTHER DEVELOPMENTS              253

TABLE 212            BYD COMPANY LTD.: COMPANY OVERVIEW                 254

TABLE 213            BYD COMPANY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    255

TABLE 214            BYD COMPANY LTD.: DEALS      256

TABLE 215            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW               257

TABLE 216            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 258

TABLE 217            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES               259

TABLE 218            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS               260

TABLE 219            BAK POWER: COMPANY OVERVIEW        263

TABLE 220            BAK POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED    263

TABLE 221            BAK POWER: PRODUCT LAUNCHES        264

TABLE 222            BAK POWER: EXPANSIONS           265

TABLE 223            CALB: COMPANY OVERVIEW      266

TABLE 224            CALB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             267

TABLE 225            CALB: PRODUCT LAUNCHES      268

TABLE 226            CLARIOS: COMPANY OVERVIEW               269

TABLE 227            CLARIOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             269

TABLE 228            ENERSYS: COMPANY OVERVIEW               270

TABLE 229            ENERSYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             271

TABLE 230            ENERSYS: DEALS               272

TABLE 231            ENERSYS: EXPANSIONS 272

TABLE 232            EVE ENERGY CO., LTD.: COMPANY OVERVIEW                 273

TABLE 233            EVE ENERGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    274

TABLE 234            EVE ENERGY CO., LTD.: PRODUCT LAUNCHES                 275

TABLE 235            EVE ENERGY CO., LTD.: DEALS  275

TABLE 236            GOTION: COMPANY OVERVIEW                277

TABLE 237            GOTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED             278

TABLE 238            GOTION: DEALS               279

TABLE 239            GS YUASA CORPORATION: COMPANY OVERVIEW          280

TABLE 240            GS YUASA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    281

TABLE 241            GS YUASA CORPORATION: DEALS            282

TABLE 242            GS YUASA CORPORATION: OTHER DEVELOPMENTS              282

TABLE 243            MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW   283

TABLE 244            MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    284

TABLE 245            SK INNOVATION CO., LTD.: COMPANY OVERVIEW          285

TABLE 246            SK INNOVATION CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    286

TABLE 247            SK INNOVATION CO., LTD.: DEALS          287

TABLE 248            TESLA: COMPANY OVERVIEW    288

TABLE 249            TESLA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             289

TABLE 250            TESLA: DEVELOPMENTS              290

TABLE 251            TOSHIBA CORPORATION: COMPANY OVERVIEW          291

TABLE 252            TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    292

TABLE 253            TOSHIBA CORPORATION: PRODUCT LAUNCHES          293

TABLE 254            TOSHIBA CORPORATION: DEALS             293

TABLE 255            SUNWODA ELECTRONIC CO., LTD.: COMPANY OVERVIEW          294

TABLE 256            SUNWODA ELECTRONIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    295

TABLE 257            SUNWODA ELECTRONIC CO., LTD.: DEALS                 296

TABLE 258            VARTA AG: COMPANY OVERVIEW            297

TABLE 259            VARTA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED             298

LIST OF FIGURES

FIGURE 1              LITHIUM-ION BATTERY MARKET SEGMENTATION              33

FIGURE 2              LITHIUM-ION BATTERY MARKET: RESEARCH DESIGN                37

FIGURE 3              LITHIUM-ION BATTERY MARKET: RESEARCH APPROACH         38

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                43

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              44

FIGURE 6              MARKET SIZE ESTIMATION METHODOLOGY FOR LITHIUM-ION

BATTERY MARKET: SUPPLY-SIDE ANALYSIS        44

FIGURE 7              DATA TRIANGULATION                45

FIGURE 8              ASSUMPTIONS  46

FIGURE 9              LITHIUM-ION BATTERY MARKET, 2021–2033                 48

FIGURE 10            LFP BATTERY TYPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2033             49

FIGURE 11            ENERGY STORAGE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD      49

FIGURE 12            ASIA PACIFIC TO LEAD GLOBAL LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD                50

FIGURE 13            RISING SALES OF BATTERY-OPERATED ELECTRIC VEHICLES GLOBALLY TO DRIVE MARKET       51

FIGURE 14            EVS SEGMENT TO DOMINATE MARKET, BY APPLICATION, IN 2033   51

FIGURE 15            HISTORICAL AND PROJECTED DATA ON BATTERY CAPACITY INSTALLATIONS WORLDWIDE, 2021–2033                 52

FIGURE 16            EVS SEGMENT AND CHINA TO HOLD LARGEST SHARE OF LITHIUM-ION BATTERY MARKET IN ASIA PACIFIC IN 2033        52

FIGURE 17            INDIA TO RECORD HIGHEST CAGR IN GLOBAL LITHIUM-ION BATTERY BETWEEN 2025 AND 2033             53

FIGURE 18            LITHIUM-ION BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES         54

FIGURE 19            ELECTRIC CAR SALES, 2018–2024                55

FIGURE 20            LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS  58

FIGURE 21            LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS           59

FIGURE 22            LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 62

FIGURE 23            LITHIUM-ION BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES         65

FIGURE 24            LITHIUM-ION BATTERY VALUE CHAIN ANALYSIS            66

FIGURE 25            KEY PLAYERS IN LITHIUM-ION BATTERY ECOSYSTEM       69

FIGURE 26            AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, 2021–2033            71

FIGURE 27            AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES, 2021–2024         72

FIGURE 28            AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES,

BY REGION, 2021–2024    73

FIGURE 29            LITHIUM-ION BATTERY MANUFACTURING CAPACITY OF DIFFERENT COUNTRIES, 2022 VS. 2025 VS. 2030                 75

FIGURE 30            TRENDS/DISRUPTIONS INFLUENCING PLAYERS IN LITHIUM-ION BATTERY MARKET       77

FIGURE 31            GLOBAL EV BATTERY INVESTMENT AND VC FUNDING SCENARIO, 2018–2024 78

FIGURE 32            GLOBAL INVESTMENT AND PE/VC FUNDING SCENARIO FOR BATTERY ENERGY STORAGE SYSTEMS, 2020–2024        79

FIGURE 33            LITHIUM-ION BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS 84

FIGURE 34            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS      85

FIGURE 35            KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 86

FIGURE 36            IMPORT SCENARIO FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024            88

FIGURE 37            EXPORT SCENARIO FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024            89

FIGURE 38            LITHIUM-ION BATTERY MARKET: PATENT ANALYSIS, 2014–2024       91

FIGURE 39            KEY AI USE CASES IN LITHIUM-ION BATTERY MARKET               101

FIGURE 40            LITHIUM-ION BATTERY MARKET, BY TYPE                 115

FIGURE 41            LFP SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD       116

FIGURE 42            PERFORMANCE PARAMETERS OF NMC BATTERIES         118

FIGURE 43            PERFORMANCE PARAMETERS OF LFP BATTERIES         120

FIGURE 44            PERFORMANCE PARAMETERS OF LCO BATTERIES         122

FIGURE 45            PERFORMANCE PARAMETERS OF LTO BATTERIES         124

FIGURE 46            PERFORMANCE PARAMETERS OF LMO BATTERIES         126

FIGURE 47            PERFORMANCE PARAMETERS OF NCA BATTERIES         128

FIGURE 48            LITHIUM-ION BATTERY MARKET, BY APPLICATION   131

FIGURE 49            EVS SEGMENT TO HOLD PROMINENT MARKET SHARE IN 2033   132

FIGURE 50            LITHIUM-ION BATTERY MARKET, BY REGION                 180

FIGURE 51            INDIA TO REGISTER HIGHEST CAGR IN GLOBAL LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD                 181

FIGURE 52            ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2025 TO 2033          181

FIGURE 53            NORTH AMERICA: LITHIUM-ION BATTERY MARKET SNAPSHOT       184

FIGURE 54            US HELD LARGEST SHARE OF NORTH AMERICAN MARKET IN 2024        185

FIGURE 55            EUROPE: LITHIUM-ION BATTERY MARKET SNAPSHOT          190

FIGURE 56            UK TO RECORD HIGHEST CAGR IN EUROPEAN LITHIUM-ION BATTERY MARKET DURING FORECAST PERIOD                 191

FIGURE 57            ASIA PACIFIC: LITHIUM-ION BATTERY MARKET SNAPSHOT          198

FIGURE 58            CHINA TO CAPTURE LARGEST SHARE OF ASIA PACIFIC MARKET IN 2033              199

FIGURE 59            EMERGING BATTERY POWERHOUSES: INDIA’S GIGAFACTORY MAP       204

FIGURE 60            MIDDLE EAST TO EMERGE AS FASTEST-GROWING REGION IN LITHIUM-ION BATTERY MARKET IN ROW DURING FORECAST PERIOD       207

FIGURE 61            LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS, 2021–2024       216

FIGURE 62            LITHIUM-ION BATTERY MARKET SHARE ANALYSIS, 2024  217

FIGURE 63            COMPANY VALUATION 221

FIGURE 64            FINANCIAL METRICS (EV/EBITDA)          221

FIGURE 65            BRAND COMPARISON   222

FIGURE 66            LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION

MATRIX (KEY PLAYERS), 2024     224

FIGURE 67            LITHIUM-ION MARKET: COMPANY FOOTPRINT                 225

FIGURE 68            LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 230

FIGURE 69            LITHIUM BATTERY STARTUP LANDSCAPE                 232

FIGURE 70            LG ENERGY SOLUTION: COMPANY SNAPSHOT                 239

FIGURE 71            SAMSUNG SDI: COMPANY SNAPSHOT    246

FIGURE 72            PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT   250

FIGURE 73            BYD COMPANY LTD.: COMPANY SNAPSHOT                 255

FIGURE 74            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT               258

FIGURE 75            CALB: COMPANY SNAPSHOT      267

FIGURE 76            ENERSYS: COMPANY SNAPSHOT               271

FIGURE 77            EVE ENERGY CO., LTD.: COMPANY SNAPSHOT                 274

FIGURE 78            GOTION: COMPANY SNAPSHOT                278

FIGURE 79            GS YUASA CORPORATION: COMPANY SNAPSHOT          281

FIGURE 80            MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT   284

FIGURE 81            SK INNOVATION CO., LTD.: COMPANY SNAPSHOT          286

FIGURE 82            TESLA: COMPANY SNAPSHOT   289

FIGURE 83            TOSHIBA CORPORATION: COMPANY SNAPSHOT          292

FIGURE 84            SUNWODA ELECTRONIC CO., LTD.: COMPANY SNAPSHOT          295

FIGURE 85            VARTA AG: COMPANY SNAPSHOT            298