China leads at $84/kWh with LFP, while stationary storage packs hit benchmark lows of $50/kWh amid innovation and hedging strategies. Global lithium-ion battery prices continued their downward trajectory in 2025, with average pack costs falling 8% to $108 per kilowatt-hour, according to BloombergNEF's annual survey.
LFP will dominate with a 31.8% market share, while cathode will lead the component segment with a 36.4% share. The lithium-ion battery market stands at USD 87.1 billion in 2025 and is expected to reach USD 377.6 billion by 2035, growing at a CAGR of 15.8%, with a multiplying factor of about 4.34x.
The lithium-ion battery market is influenced by several upstream sectors. Electric vehicle (EV) manufacturers account for approximately 42%, integrating lithium-ion cells into passenger and commercial vehicles. Consumer electronics producers contribute around 27%, using batteries in smartphones, laptops, tablets, and wearable devices.
Regulatory support, recycling initiatives, and technological innovation can extend the growth horizon, but overall market expansion will gradually stabilize as penetration reaches higher levels across all major sectors. The lithium-ion battery market is influenced by several upstream sectors.
2026/01/09 Lithium Battery and Energy Storage EXCEL TrendForce Lithium Battery Research tracks price trends for major products of China''s li-ion battery industry chain, including lithium, cobalt, nickel,
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New York, December 10, 2024 – Battery prices saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to
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