In 2030, the worldwide battery industry is worth $166B

To meet the increasing demand for EV’s, the battery market will need to grow rapidly. According to the Green Finance Institute, the estimated market value in 2030 ranges from $116 billion to $278 billion, while the global market value in 2021 was around $46bn. Some other takes:

Editorial board

Editorial board @

Currently, China holds 85% of the battery market and is expected to remain the market leader. However, the sheer scale of demand means other countries will have the opportunity to secure a piece of the market.

Seeing future economies will depend on batteries, the competition for a share of the market is fierce, and often described as a ‘battery arms race’.

Get ‘FREE OF CHARGE’ access to this and 350+ other valuable EV Market Reports in our database. Enjoy reading!

Lithium Ion manufacturing map | BNEF, Green Finance Institute

Discover all
62 reports about Batteries now

Get free of charge access Already have an account? Log in


Editorial board

Editorial board @