GITNUX MARKETDATA REPORT 2024

Lithium Ion Battery Industry Statistics [Fresh Research]

Statistic 1

"The global lithium-ion battery market size was USD 41.1 billion in 2020."

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Statistic 2

"The lithium-ion battery industry is expected to grow at a CAGR of 13.2% from 2021 to 2028."

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Statistic 3

"In 2019, Asia occupied 89% of the global lithium-ion battery production capacity."

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Statistic 4

"Consumer electronics had a share of over 42.3% in the LI-ion battery market in 2018."

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Statistic 5

"Global demand for lithium-ion batteries was 206.6 Giga Watt Hour (GWh) in 2019."

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Statistic 6

"Lithium iron phosphate was the largest product segment with a share of 45.3% in 2020."

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Statistic 7

"The European lithium-ion battery market was worth USD 6.2 billion in 2018."

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Statistic 8

"China represented around 73% of lithium cell manufacturing capacity in 2020."

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Statistic 9

"The U.S. market for lithium-ion batteries was worth USD 8.6 billion in 2018."

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Statistic 10

"The automotive sector expected to be the fastest-growing end-use segment in the lithium-ion battery market from 2020 to 2027."

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Statistic 11

"As of 2021, Tesla Inc. has the highest lithium cell production globally."

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Statistic 12

"By 2024, the global lithium-ion battery capacity is expected to grow to over 335 GWh."

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Statistic 13

"Japanese manufacturers produced about 60% of the world’s lithium-ion battery cells in 2014."

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