GITNUX MARKETDATA REPORT 2024

The Most Surprising Battery Industry Statistics in 2024

Statistic 1

"By 2030, the demand for lithium-ion batteries is expected to reach 2,850 GWh, driven by electric vehicle adoption."

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Statistic 2

"Lead-acid batteries account for about 60% of the rechargeable battery market."

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Statistic 3

"In 2020, over 2.7 million electric vehicles were sold globally, significantly increasing the demand for batteries."

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Statistic 4

"The lithium-ion battery market was worth USD 44.2 billion in 2020, and it is expected to reach USD 94.4 billion by 2025."

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Statistic 5

"The global nickel-metal hydride battery market is projected to reach USD 3.29 billion by 2025."

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Statistic 6

"Battery recycling market size is projected to grow from USD 17.2 billion in 2020 to USD 23.2 billion by 2025."

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Statistic 7

"Europe plans to have 20 battery gigafactories by 2025, aiming to reduce dependency on Asian suppliers."

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Statistic 8

"The average lifespan of a consumer electronics lithium-ion battery is 2-3 years."

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Statistic 9

"Tesla's Gigafactory aims to produce 20 gigawatt-hours of battery capacity annually."

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Statistic 10

"China currently dominates the global lithium-ion battery supply chain, accounting for over 80% of raw material refining."

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Statistic 11

"The global sodium-ion battery market is expected to grow at a CAGR of 11.2% from 2021 to 2026."

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Statistic 12

"The cobalt price rose by over 55% in 2021 due to increased demand from the battery industry."

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Statistic 13

"The average cost of a lithium-ion battery pack fell to $137 per kWh in 2020."

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Statistic 14

"The average electric vehicle battery lasts around 200,000 miles."

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Statistic 15

"The global battery management system market size is projected to grow from USD 7.79 billion in 2020 to USD 12.82 billion by 2025."

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Statistic 16

"The aerospace sector is increasingly adopting lithium-sulfur batteries due to their high energy density."

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Statistic 17

"By 2024, the market for battery energy storage systems is projected to reach USD 22.7 billion."

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Statistic 18

"In 2020, Panasonic, CATL, and LG Chem were the leading battery manufacturers by market share."

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Statistic 19

"The global battery market size was valued at USD 108.4 billion in 2019."

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Statistic 20

"The solid-state battery market is projected to grow at a CAGR of 28% from 2021 to 2030."

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