Lithium-ion Battery Market Size Poised To Reach USD 182.53 Billion By 2030
San Francisco, 29 May 2023: The Report Lithium-ion Battery Market Size, Share & Trends Analysis Report By Product (LCO, LFP, NCA, LMO, LTO, NMC), By Application (Automotive, Consumer Electronics), By Region, And Segment Forecasts, 2023 - 2030 The global lithium-ion battery market size is expected to reach USD 182.53 billion by 2030, registering a CAGR of 18.9% according to a new report by Grand View Research, Inc. 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. Increasing sales of e