Lithium Battery Producers and Lithium Battery Market Trend
Lithium batteries can be divided into lithium metal batteries and lithium-ion batteries. Lithium metal batteries are the battery that uses manganese dioxide as the cathode material and lithium metal or its alloy metal as the negative material and use a non-aqueous electrolyte solution. Lithium-ion batteries are the battery that uses lithium metal oxide as the positive electrode material, graphite as the negative electrode material, and a non-aqueous electrolyte. The lithium-ion battery is a rechargeable battery with the advantages of high energy density, high operating voltage, small self-discharge, no memory effect, long cycle life, fast charging, lightweight, small size, light pollution.
The global lithium battery market size was $30.2 billion in 2017, growing to $53.5 billion in 2022, with a CAGR of 12.1% from 2017 to 2022. Benefiting from the rapid development of new energy vehicles and energy storage, the global lithium battery market is expected to reach $100 billion in 2027, with a CAGR of 13.3% from 2022 to 2027.


