Li-ion Battery Market to Exceed $430 Billion by 2033

With their comparatively high performance, low cost and wide availability, lithium-ion (Li-ion) batteries are today’s pre-eminent energy-storage technology for applications ranging from small personal electronics to electric vehicles (EVs) to large, stationary energy storage systems. For most such uses, Li-ion batteries are unlikely to be superseded within the next 10 years. Nevertheless, innovation continues to be made in Li-ion materials, R2R manufacturing, cell and pack design, and investment in the industry continues at a rapid pace.