USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
Cumulative Sales of Li-ion Batteries Globally will Exceed $629.22 Billion by 2025
18-Oct-2019
North America
Market Research
PAAC-01-00-00-00
EG02023-GL-MR_23682
The global Lithium-ion battery market by application (grid + energy storage, automotive, industrial, and consumer electronics) and by region (North America, Europe, APAC, and Rest-of-the-world) is expected to grow at a compound annual growth rate (CAGR) of 17.9% during 2018–2025. Market growth is fuelled by rising demand for energy storage across the globe, growing electric vehicles (EV) adoption, and the demand for industrial power tools and electric forklifts in developed regions. However, safety concerns surrounding Li-ion batteries will challenge the growth of the market in the short term. Technological advancements are directed towards addressing this challenge, which includes alternate chemistries and solid-state batteries research.
APAC is the largest market, globally. Rising EV adoption in China, the global market leader for EV, is expected to drive the demand for Li-ion batteries throughout the forecast period. Demand from storage applications in key countries, including South Korea, Japan, India, and Australia, is likely to fuel the growth of the batteries market during the forecast period.
In 2018, the automotive segment accounted for 38.3% of the total market, driven by the growing demand for EV, including passenger vehicles, trucks, and buses, globally. China, Norway, the United States, the United Kingdom, Germany, France, and the Netherlands are the key countries driving demand for EV batteries. Many production facilities are expected to be commissioned in Europe during the forecast period to address the growing demand for EV batteries in the region.
Asian participants will dominate the market. LG Chemical, Panasonic, Samsung, and CATL are the top 4 battery manufacturers. Their aggressive target for production capacity expansion will assist in retaining their market-leading positions throughout the forecast period. Installed production capacity of the top 10 suppliers will increase from 150 GWh in 2018 to about 740 GWh by 2025, growing at a CAGR of 25.6%.
Solid-state batteries will see an increase in adoption beyond 2025. Solid-state battery start-ups have emerged as a result of a lot of investments from various automotive giants going into these companies. Such growth is attributed to their enhanced safety features, higher voltage and output than existing batteries, and the ability to operate at both low and high temperature conditions.
Key Issues Addressed
- Is the market growing? How long will it continue to grow, and at what rate?
- Are the existing competitors structured well to meet customer needs?
- Which are the major growth regions for Li-ion batteries globally?
- What are the growth opportunities in the global market for Li-ion battery manufacturers?
- Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?
Author: Rajalingam Arikaarampalayam Chinnasamy
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Scope
Market Definitions
Key Questions this Study will Answer
Li-ion Battery Chemistry Overview
Beyond 2025—Solid-state Batteries
Li-ion Battery Production Overview
Global Battery Manufacturing Capacity
Market Segmentation by End Users
Market Distribution Channels
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Price Forecast
Price Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Global Hotspots
Revenue Forecast Discussion by Region
Revenue Forecast by End Users
Revenue Forecast Discussion by End Users
Market Share
Market Share Analysis
Competitive Environment
Growth Opportunity 1—Solid-state Batteries
Growth Opportunity 2—New Manufacturing Destinations
Growth Opportunity 3—Partnerships
Strategic Imperatives for Success and Growth
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Storage Application
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Revenue Forecast Discussion (continued)
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by End Users
Revenue Forecast Discussion by End Users
Competitive Environment
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Revenue Forecast by End Users
Revenue Forecast Discussion by End Users
Competitive Environment
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by End Users
Revenue Forecast Discussion by End Users
Revenue Forecast Discussion by End Users (continued)
Competitive Environment
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by End Users
Revenue Forecast Discussion by End Users
Revenue Forecast Discussion by End Users (continued)
Competitive Environment
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
List of Companies in ‘Others’
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Speak directly with our analytics experts for tailored recommendations.
Recent related Energy Storage research
28 Sep 2026 | Global | Technology Research
CO₂ Gas Injection for Enhanced Oil Recovery and Carbon Utilization
CO₂ gas injection for enhanced oil recovery (CO₂-EOR) is a mature tertiary recovery technology that improves oil production from depleted reservoirs while enabling long-term geological carbon storage. This report provides a fundamental overview of oil recovery, covering primary, secondary, and terti...
28 Sep 2026 | Global | Technology Research
Quasi-Solid-State Batteries: Key Innovations Transforming Electrochemical Energy Storage Systems
Quasi-solid-state batteries (QSSBs) are emerging as a promising next-generation lithium battery technology that bridges the gap between conventional lithium-ion batteries (LIBs) and all-solid-state batteries (ASSBs). By integrating a confined liquid electrolyte within a polymer, inorganic, or hybrid...
18 Sep 2026 | Global | Technology Research
Innovations in Electrolyzers, Process Heat Electrification, LDES, Thermal Energy Conversion, Tidal Energy, Superconducting Materials, and Solid Oxide Fuel Cells
This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in AEM electrolyzer technology, data center power delivery, alkaline electrolyzer, process heat electrification, LDES, tidal energy, superconducting energy storage, among others.The Energy and Power Syste...
11 Sep 2026 | Global | Technology Research
Innovations in Leak Detection Solutions, Well Integrity Enhancement, Subsea Inspection, Cryogenic Processing, and Enhanced Oil Recovery
This edition of the Oil and Gas (O&G) Technology Opportunity Engines features information on innovations in drilling automation, lead detection technology, downhole monitoring, cryogenic processing, enhanced oil monitoring, methane leak detection, among others.The Oil and Gas TOE provides intelligen...
09 Sep 2026 | Global | Market Research
Residential Heat Pumps Industry, Global, 2025–2035
The global residential heat pump (HP) market is forecast to reach 21.2 million units by 2035, up from 11.4 million in 2025. Market definitions are important to the market forecast, and Frost & Sullivan excludes the sale of HPs for air conditioning. Market revenues are forecast to reach $113.79 billi...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Key Issues Addressed
- Is the market growing? How long will it continue to grow, and at what rate?
- Are the existing competitors structured well to meet customer needs?
- Which are the major growth regions for Li-ion batteries globally?
- What are the growth opportunities in the global market for Li-ion battery manufacturers?
- Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?
Author: Rajalingam Arikaarampalayam Chinnasamy
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Rajalingam Chinnasamy |
| Industries | Energy |
| WIP Number | PAAC-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9AFE-A4,9AFF-A4,9B00-A4,9852 |
Global Lithium-ion (Li-ion) Batteries Market, Forecast to 2025
$4,950.00
Special Price $3,712.50 save 25 %