The global lithium-ion (Li-ion) battery market is expected to surpass *** billion U.S. dollars by 2032, compared to a market size of approximately ** billion U.S. dollars in 2023.
Popularity of lithium-ion batteries
In 2022, Li-ion batteries made up the vast majority of the electrochemical energy storage projects worldwide. Their popularity is due to their lightness and the fact that Li-ion batteries can hold a charge better than other battery types, have no memory effect (no need to completely discharge batteries before recharging) and are able to handle hundreds of charge and discharge cycles.
Market forecast
The popularity of Li-ion batteries will most likely persist in the coming years. Their price is not forecast to increase and, according to recent projections, the global Li-ion demand will experience an almost -fold increase between 2022 and 2030.
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Emergen Research, & ÌÇÐÄÆƽâ°æ. (March 30, 2023). Projected lithium-ion battery market size worldwide in 2022 and 2023, with a forecast to 2032 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 22, 2026, from /statistics/235316/global-lithium-battery-market/
Emergen Research, und ÌÇÐÄÆƽâ°æ. "Projected lithium-ion battery market size worldwide in 2022 and 2023, with a forecast to 2032 (in billion U.S. dollars)." Chart. March 30, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 22, 2026. /statistics/235316/global-lithium-battery-market/
Emergen Research, ÌÇÐÄÆƽâ°æ. (2023). Projected lithium-ion battery market size worldwide in 2022 and 2023, with a forecast to 2032 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 22, 2026. /statistics/235316/global-lithium-battery-market/
Emergen Research, and ÌÇÐÄÆƽâ°æ. "Projected Lithium-ion Battery Market Size Worldwide in 2022 and 2023, with a Forecast to 2032 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 30 Mar 2023, /statistics/235316/global-lithium-battery-market/
Emergen Research & ÌÇÐÄÆƽâ°æ, Projected lithium-ion battery market size worldwide in 2022 and 2023, with a forecast to 2032 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/235316/global-lithium-battery-market/ (last visited July 22, 2026)
Projected lithium-ion battery market size worldwide in 2022 and 2023, with a forecast to 2032 (in billion U.S. dollars) [Graph], Emergen Research, & ÌÇÐÄÆƽâ°æ, March 30, 2023. [Online]. Available: /statistics/235316/global-lithium-battery-market/
