Energy Transition Report - Battery Market Outlook

Technological innovation leads the continued growth of lithium batteries.

The global battery industry is witnessing rapid and transformative growth, fueled by increasing demand from the energy storage and electric vehicle (EV) sectors. The global lithium-ion batteries (LIBs) market experienced significant expansion in 2023, driven by falling costs, enhanced energy density and quicker response times. These factors have led to their extensive use in various applications, from EVs to consumer electronics and energy storage systems.

Our new Energy Macro Report provides insights into the key trends shaping the battery market including supply and demand updates, battery energy storage, electric vehicles, materials, cost and price and latest developments in battery recycling.