The Expanding Role of Lithium-Ion Battery Technology The evolution of the lithium-ion battery has become central to the global transition toward electrification and decarbonization. From electric vehicles and renewable energy storage to consumer electronics and industrial applications, lithium-ion batteries now form the backbone of modern energy infrastructure. Their high energy density, long...

The global lithium market was valued at USD 32.38 billion in 2025 and is projected to reach USD 96.45 billion by 2033, registering a CAGR of 14.5% during the period from 2026 to 2033. The accelerating electrification of vehicles is expected to significantly increase the demand for lithium-ion batteries, thereby supporting sustained market expansion over the forecast horizon. Key...