Lithium-ion market seen reaching $133.35 billion by 2030

The Business Research Company says the lithium-ion battery market is set to grow from $79.49 billion in 2025 to $87.6 billion in 2026, then to $133.35 billion by 2030, driven by electric vehicles, grid storage and battery innovation. Asia-Pacific led the market in 2025, while North America ranked second.

Why it matters: - Lithium-ion batteries sit at the center of electric vehicles, consumer electronics and grid storage. - The market’s growth points to rising demand for batteries that can support longer driving ranges, faster charging and cleaner energy systems. - The expansion also increases the importance of recycling, second-life use and supply chain improvements.

What happened: - The Business Research Company released its "Lithium-Ion (Li-Ion) Market Report 2026 – Market Size, Trends, And Global Forecast 2026-2035." - The report projects the lithium-ion market will rise from $79.49 billion in 2025 to $87.6 billion in 2026. - The report forecasts the market will reach $133.35 billion by 2030. - The report says the market is expected to grow at a 10.2% CAGR in the historical period and 11.1% through 2030. - The company made a free sample report available. - The company also published the full market report.

The details: - Lithium-ion batteries are rechargeable power sources with high energy density that use lithium ions as a key part of their electrolyte. - The technology is used in electric vehicles, mobile phones, laptops, power backup systems and other electronic devices. - Strong demand for consumer electronics, more portable devices, better battery energy density, government support for electric mobility and improved lithium extraction helped drive earlier growth. - The next phase of growth is tied to electric vehicle adoption, grid energy storage, high-performance cathode materials, battery management systems, sustainability and recycling. - The report highlights solid-state batteries, fast charging, battery recycling, second-life applications, thermal management improvements and advanced electrolyte formulations as key trends. - In November 2023, the U.S. Energy Information Administration reported that battery-electric vehicles accounted for 17.7% of new light-duty vehicle sales in the third quarter of 2023. - Battery-electric vehicles made up 16.0% of total new vehicle sales so far that year, up from 12.5% in 2022. - In 2025, Asia-Pacific was the dominant region in the lithium-ion market. - North America ranked second in 2025. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The 2026 report package includes market attractiveness scoring, total addressable market analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technology analysis and updated graphics and tables.

Between the lines: - The market outlook shows lithium-ion batteries moving from a hardware category into a broader energy infrastructure business. - The emphasis on recycling and second-life applications signals that cost, materials sourcing and sustainability are becoming central competitive factors. - Asia-Pacific’s lead reflects manufacturing scale, while North America’s position suggests strong demand tied to EV adoption and technology development.

What's next: - The report expects faster growth through 2030 as EV adoption and grid storage demand increase. - Battery makers and materials suppliers are likely to keep investing in chemistry, thermal management and charging performance. - More attention should go to recycling systems and reuse models as the installed base of lithium-ion batteries expands. - The Business Research Company says its broader research platform includes more than 30,000 reports across 27 industries and 60 geographies.