CATEGORIES

announce
image text
Image Source : Energyinfra market LithiumBattery

Lithium-Ion Battery Market to Exceed $400 Billion by 2035 Insight

Last Update 01 October 2024

The lithium-ion battery market is projected to exceed $400 billion by 2035, driven by falling costs due to stabilized raw material prices and technological advancements. Key components like lithium and cobalt influence production costs, which have decreased significantly. Despite competition, especially from low-cost LFP batteries, strong policy support and innovations in Battery Technology.

Also Read Green Tech Lead

Tags

TechnologyRenewable EnergyMarket DevelopmentsLithium-Ion BatteriesEinfewsBattery

News Insights

The lithium-ion battery market is projected to exceed $400 billion by 2035 due to falling battery costs driven by stabilizing raw material prices and technological advancements, which enhance performance and affordability. This growth will bring significant economic benefits to countries, including increased investments in manufacturing and infrastructure, job creation, and support for the transition to electric vehicles (EVs) and renewable energy sources. In India, this expansion presents both challenges and opportunities; while the country may face competition from established players in battery production, it can leverage its growing EV market and policy support to develop a robust domestic battery manufacturing industry. This shift not only fosters innovation and local production but also positions India as a potential hub for clean energy technologies, enabling it to capitalize on global demand and reduce reliance on imported batteries.

Top Stories

India's Solar Capacity to Hit 107 GW by 2030

GST changes on EVs will slow Green Car adoption

SECI Completes 600 MW Wind Solar Hybrid Auction

Kundan Green Energy Invests ₹1000 Crore in Renewables

GAIL and AM Green Partner for 2.5 GW Solar-Wind Hybrid Projects in India
Trulli

Sponsored by EI Market

Card image

India's Wind Energy Market: Current Landscape, Growth Opportunities, and Future Outlook Till 2030

By Team Eninrac

A detailed study identifying the investment potential of the Indian wind market with a key focus - mapping industry competitiveness, region-wise opportune pockets identification for solar capacity, indexation of state's ease of doing solar policies & regulations, track of upcoming projects, potential assets for M&A. Learn More

Card image

India's Solar Energy Market: Current Landscape, Growth Opportunities, and Future Outlook Till 2030

By Team Eninrac

A detailed study identifying the investment potential of the Indian solar market with a key focus - mapping industry competitiveness, region-wise opportune pockets identification for solar capacity, indexation of state’s ease of doing solar policies & regulations, track of upcoming projects, potential assets for M&A Learn More

Card image

Eninrac's Regulation & Policy Compendium Streamlines Open Access Electricity Procurement for Indian Consumers

By Team Eninrac

Eninrac Consulting introduces state-wise tracking for open access transactions, with new efficient regulations and charges. Learn More

Search

Archive

2023

BIS Unveils New Standards to Boost Electric Vehicle Safety and Quality

Foundation laid for 630 MW solar project in MP's Chhatarpur district.

Adani Total Gas initiates production at a biogas plant in Uttar Pradesh

Coal Production from captive & commercial coal mines escaleted by 35% in Apr-Jun

ATF price reduced by 4%, and commercial LPG rate lowered by ₹1.5 per cylinder
Advertisement
Trulli

Categories

Foreign InvestmentBudgetCompany's update Conventional EnergyCoalOil and GasE-Waste ManagementFinancialGlobalGovernment/Nodal Bodies UpdateInnovationInvestmentLithiumMarket DevelopmentsNew EnergiesBatteryElectric vehicleEV Charging StationHydrogenNew Project UpdatePartnership and DealPower SectorDistributionGenerationNuclear PowerPeak DemandPower Purchase AgreementSmart MeterTransmissionProject Status UpdateRenewables EnergyBiomassEnergy StorageGreen EnergyGrid-connected solarHydropowerOpen AccessPolicy and Regulatory UpdatePumped Hydro StorageRooftop SolarSolar CellSolar energySolar ModuleSolar PanelTender UpdateUtility ScaleTariffTechnologyWind energy

Newsletter

Get started with
EI Market personalised demo

Complete the form to get in touch with our sales team to see our Visionboard platform in action. We'll show you how you can use eninrac to build a culture of action of consistently hunting down and eliminating poor market research expriences across your companies line of business

power by why
REQUEST DEMO
By providing this information, you grant consent that we may process your personal data in accordance with our Privacy Statement.
By submitting this form, you grant consent to receive marketing information from eninrac as set out in our Terms of Service & Privacy Statement. You may unsubscribe at any time.