$105 Billion Worldwide Lithium-ion Battery Industry to 2027 - Expanding Demand for Electric Vehicles and Boosted Renewable Energy Generation are Driving Growth
The Global Lithium-Ion Battery Industry is anticipated to reach US$ 105.35 Billion in 2027.
- The Global Lithium-Ion Battery Industry is anticipated to reach US$ 105.35 Billion in 2027.
- Lithium-Ion Battery, a rechargeable battery, is an advanced battery technology that uses lithium ions as a significant component of its electrochemistry.
- Current rapid advancements in lithium-ion (Li-ion) battery costs and performance, coupled with expanding demand for electric vehicles (EVs) and boosted renewable energy generation, have unleashed enormous investments in the advanced battery technology ecosystem.
- Globally, the continuing electrification of the energy system for the clean energy transition maintains the growth in lithium-ion battery demand.