Industrial Production Products & Services

Lithium-Ion Batteries: Market Size, Growth & Forecast to 2030

The Lithium-Ion Batteries market is valued at about $152 billion (2026) and is projected to grow at a 9.8% CAGR through 2030. The largest cost driver is Cathode materials (Lithium, Nickel, Cobalt, Manganese, Phosphorus) (42% of spend). China leads demand at 58%.

Market size
$152.0 bn (2026)
CAGR to 2030
+9.8%
Buyer power
Favours buyers
Tracked suppliers
85
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 9.8% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 160

Cost structure

Cathode materials (Lithium, Nickel, Cobalt, Manganese, Phosphorus)
42%
Manufacturing and facility energy costs
23%
Anode and other structural components (Graphite, Copper, Aluminum)
17%
Labor, overhead, and plant operations
11%
Inbound and outbound logistics
7%

Regional demand split

China demand
58%
Europe demand
19%
North America demand
16%
Rest of world demand
7%

Key suppliers

CATLBYDLG Energy SolutionPanasonicSK OnSamsung SDI
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/lithium-ion-batteries