Lithium-ion Battery Market expected to expand at a compound annual growth rate (CAGR) of 18.1% from 2022 to 2030
Lithium-ion Battery Industry Overview The global lithium-ion battery market size is expected to reach USD 182.53 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 18.1% from 2022 to 2030. The market is expected to witness significant growth over the forecast period on account of the increasing consumption of rechargeable batteries in consumer electronics and a rise in the adoption of electric vehicles. The rising sales of electric vehicles, along with the expanding renewable energy sector, are expected to drive the market. The emergence of integrated charging stations, green power-generation capability, eMobility providers, battery manufacturers, and energy suppliers is anticipated to stimulate market growth in the coming years. Lithium-ion Battery Market Segmentation Grand View Research has segmented the global lithium-ion battery market on the basis of product, application, and reg...