Top 40 Industries Lithium-Ion Battery Applications (2025–2035): Expert View by Spherical Insights
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Lithium-Ion Battery Market Size is projected to Grow from USD 112.5 Billion in 2024 to USD 798.4 Billion by 2035, at a CAGR of 19.5% during the forecast period 2025–2035. Lithium-ion battery growth is being driven by the growing acceptance of lithium-ion battery systems in the medical industry, as well as the expansion of renewable energy projects like solar installations and nuclear power plants, especially wind energy projects.
Introduction
The lithium-ion battery market encompasses the global demand, production, and adoption of rechargeable batteries, driven by applications in consumer electronics, electric vehicles, energy storage, and industrial sectors. The market for lithium-ion batteries is growing quickly worldwide due to increased demand from consumer devices, stationary energy storage applications, and electric vehicles (EVs). Due to their high energy density, full-charge voltage, and lack of memory effects, lithium-ion batteries are recommended for cars and devices with little space. Batteries for automotive applications come in cylindrical, prismatic, and pouch shapes; pouch cells are becoming more popular because of their greater capacity and more adaptable design. The market is expanding because of rising EV adoption, which is aided by government subsidies, more stringent fuel economy requirements, and environmental restrictions. Favourable federal regulations, including tax rebates and CAFE standards, have boosted EV sales in the United States. Li-ion demand is also being increased by the decline of lead-acid batteries as a result of environmental risks. Because of their longer lifespan and increased efficiency, smartphones and other portable technologies are also driving adoption. Research is still being done to improve durability, cost, safety, and recharge time. Global investments are being drawn to emerging markets like Mexico, which is bolstering long-term growth.
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Lithium-Ion Battery Market Size & Statistics
- The Market Size for Lithium-Ion Battery Was Estimated to be worth USD 112.5 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 19.5% between 2025 and 2035.
- The Global Lithium-Ion Battery Market Size is anticipated to reach USD 798.4 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Lithium-Ion Battery Market
- Europe is expected to grow the fastest during the forecast period in the Lithium-Ion Battery Market.
Regional growth and demand
Europe is expected to grow the fastest during the forecast period in the lithium-ion battery market. Growing production of automobiles, a rise in the need for energy storage devices, a rise in the use of electric vehicles because of environmental concerns, and significant expenditures on the scientific study of lithium-ion batteries. Germany dominated the European market in 2021. When it comes to energy storage technologies and renewable energy advancements, Germany leads the world.
Asia Pacific is expected to generate the highest demand during the forecast period in the lithium-ion battery market. The use of equipment powered by lithium-ion batteries has greatly increased as the Asia Pacific has become a global manufacturing powerhouse. E-scooter sales have surged in China as a result of the country's decision to ban traditional fossil fuel-powered scooters from its major cities, in an attempt to reduce pollution amid growing environmental concerns. The growing electric vehicle market in Asia Pacific countries, such as China and India, is one of the main reasons propelling the lithium-ion battery market. In 2020, the battery company was spun off as LG Energy Solution. Among OEMs, the company enjoys strong relationships with GM and Hyundai. For example, LG Energy Solution started manufacturing in Lordstown in 2022 after partnering with GM to develop Ultium Cells LCC.
Top 10 trends in the Lithium-Ion Battery Market
- Rising adoption of electric vehicles (EVs)
- Advancements in solid-state lithium-ion batteries
- Growing demand for energy storage systems (ESS)
- Increasing use in consumer electronics
- Expansion of recycling and second-life battery applications
- Focus on higher energy density and faster charging
- Decline in lithium-ion battery costs
- Rising government policies and incentives for clean energy
- Growth of lithium mining and supply chain developments
- Integration with renewable energy technologies
1. Rising adoption of electric vehicles (EVs)
The demand for lithium-ion batteries is being driven by the global boom in EV sales because of its high energy density, extended lifespan, and quick charging. With the help of government incentives and laws, automakers are making significant investments in the manufacturing of EVs, establishing lithium-ion batteries as the foundation of environmentally friendly transportation.
2. Advancements in solid-state lithium-ion batteries
Solid-state batteries, which use solid materials instead of liquid electrolytes for increased safety, higher energy density, and longer life, are becoming a breakthrough. These developments represent the next step in battery technology since they seek to address existing drawbacks, including overheating, deterioration, and inefficient charging.
3. Growing demand for energy storage systems (ESS)
Lithium-ion batteries are being increasingly integrated into renewable energy storage systems. Solar and wind projects rely on ESS to balance supply-demand fluctuations and ensure reliability. Rising investments in grid-scale storage highlight lithium-ion’s role in supporting a sustainable, decentralized, and resilient energy infrastructure worldwide.
4. Increasing use in consumer electronics
Consumer electronics, including smartphones, laptops, and wearables, continue to rely heavily on lithium-ion batteries due to their compact design, lightweight structure, and high-power output. The trend toward longer battery life, faster charging, and thinner devices further strengthens demand, fueling innovation in portable energy solutions.
5. Expansion of recycling and second-life battery applications
Sustainability concerns are driving investments in lithium-ion recycling and second-life usage for less energy-intensive applications like stationary storage. Recovering valuable materials such as cobalt, nickel, and lithium reduces supply risks and environmental impact, supporting circular economy principles and enhancing long-term supply chain stability.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the lithium-ion battery market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 28 Companies Leading the Lithium-Ion Battery Market
- Samsung SDI Co., Ltd.
- Hitachi Astemo, Ltd.
- NXP Semiconductors N.V.
- Proterial, Ltd.
- Contemporary Amperex Technology Co., Limited.
- Mikuni Corp.
- Dana Incorporated
- Eaton Corporation
- Faurecia SE
- Gentherm Inc.
- Tesla
- Visteon Corporation
- BYD Company Ltd.
- Norsk Hydro ASA
- Bharat Electronics Limited (BEL)
- Duracell, Inc.
- Sensata Technologies, Inc.
- TE Connectivity Ltd.
- ZF Friedrichshafen AG
- LG Chem
- Panasonic Holding Corporation
- General Electric
- Renault Group
- Johnson Controls
- A123 System
- Okaya Power Group
- TDS Lithium-Ion Battery Gujarat Private Limited
- Telemax India Industries Pvt. Ltd.
- Others
1.cSamsung SDI Co., Ltd.
Headquarters: Yongin, South Korea
Samsung SDI Co., Ltd. is a world leader in electronic materials and sophisticated energy solutions. The company's speciality is producing high-performance lithium-ion batteries for use in consumer electronics, energy storage devices, and electric cars. With an emphasis on increased safety, energy density, and efficiency, Samsung SDI is also working on the development of next-generation solid-state batteries. Samsung SDI promotes innovation to enable the global adoption of clean energy and the transformation of mobility by utilising robust research and development, sustainable practices, and strategic partnerships with automakers and energy companies.
2. Hitachi Astemo, Ltd.
Headquarters: Tokyo, Japan
Hitachi Astemo, Ltd., established in 2021 through the integration of Hitachi Automotive Systems and Honda-affiliated suppliers, is a global leader in mobility solutions. The company specializes in advanced automotive technologies, including lithium-ion batteries, powertrain systems, chassis, safety, and autonomous driving solutions. Hitachi Astemo focuses on electrification, sustainability, and digitalization to support the growing demand for electric vehicles and smart mobility. With strong R&D capabilities, global partnerships, and eco-friendly innovations, the company drives next-generation mobility, enhancing safety, efficiency, and environmental performance across the automotive industry worldwide.
3. NXP Semiconductors N.V.
Headquarters: Eindhoven, Netherlands
Established in 2006 as a spin-off from Philips, NXP Semiconductors N.V. is a prominent worldwide semiconductor business with a focus on intelligent technologies and secure communication. The business creates cutting-edge solutions for mobile devices, industrial automation, automotive electronics, the Internet of Things, and communication infrastructure. NXP is widely known for its proficiency in power management systems, secure identification, and automotive microcontrollers all of which are critical for energy-efficient applications and electric cars. NXP propels innovation in smart, connected, and secure systems globally through robust research and development, international collaborations, and sustainable practices.
4. Proterial, Ltd.
Headquarters: Tokyo, Japan
Proterial, Ltd., formerly Hitachi Metals, is a global materials technology company specializing in advanced metal and functional materials. The company provides critical solutions for automotive, energy, electronics, and industrial sectors. Proterial is well known for its high-performance magnetic materials, specialty steels, and advanced components that support electric vehicles, renewable energy systems, and next-generation mobility. By integrating cutting-edge R&D with sustainable practices, the company focuses on enhancing efficiency, reliability, and environmental performance. Proterial’s innovations continue to strengthen global supply chains and enable cleaner, smarter industrial solutions.
5. BYD Company Ltd.
Headquarters: Shenzhen, China
BYD Company Ltd., founded in 1995, is a global leader in electric vehicles (EVs), rechargeable batteries, and renewable energy solutions. The company is renowned for its lithium-ion and iron-phosphate batteries, which power electric cars, buses, and energy storage systems worldwide. BYD’s vertically integrated model covers battery production, vehicle manufacturing, and green energy solutions, driving sustainable mobility. With a strong emphasis on innovation and environmental responsibility, BYD collaborates globally to accelerate the transition to clean energy, making it a key player in the global EV and battery industry.
Are you ready to discover more about the Lithium-Ion Battery market?
The report provides an in-depth analysis of the leading companies operating in the global lithium-ion battery market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes
Company Profiles
- Samsung SDI Co., Ltd.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Hitachi Astemo, Ltd.
- NXP Semiconductors N.V.
- Proterial, Ltd.
- Contemporary Amperex Technology Co., Limited.
- Mikuni Corp.
- Dana Incorporated
- Eaton Corporation
- Faurecia SE
- Gentherm Inc.
- Tesla
- Visteon Corporation
- BYD Company Ltd.
- Norsk Hydro ASA
- Bharat Electronics Limited (BEL)
- Duracell, Inc.
- Sensata Technologies, Inc.
- TE Connectivity Ltd.
- ZF Friedrichshafen AG
- LG Chem
- Panasonic Holding Corporation
- General Electric
- Renault Group
- Johnson Controls
- A123 System
- Okaya Power Group
- TDS Lithium-Ion Battery Gujarat Private Limited
- Telemax India Industries Pvt. Ltd.
- Others
Conclusion
The growing demand for consumer gadgets, electric vehicles, and renewable energy storage options is driving the market for lithium-ion batteries worldwide. Adoption is still being fuelled by technological developments in energy density, safety, and quick charging. The shift to Li-ion solutions is further accelerated by carbon neutrality goals, supportive government regulations, and the decrease in lead-acid batteries. The market is expected to grow over the long term, especially in emerging economies where clean mobility and sustainable energy storage are gaining traction, despite obstacles such as high production costs, risks associated with the availability of raw materials, and recycling issues.
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