Global Battery Technology Market Set for Strong Growth Through 2030
The global battery technology market was valued at USD 213.36 billion in 2024 and is expected to grow from USD 252.13 billion in 2025 to USD 431.65 billion by 2030, registering a CAGR of 11.4%, according to the latest report by MarketsandMarkets. Growth is being driven by the rising demand for reliable and sustainable energy storage to support electrification, renewable integration, and clean mobility.
Asia-Pacific is projected to account for the largest market share in 2025, fueled by large-scale EV adoption, strong government policies, and massive investments in battery production facilities. Countries such as China, Japan, South Korea, and India are expanding gigafactories, recycling infrastructure, and advancing next-generation solid-state and sodium-ion technologies.
Lithium-ion batteries continue to dominate due to their high energy density and proven reliability, but alternatives such as solid-state and sodium-ion are gaining traction.
These new technologies promise faster charging, longer life cycles, and lower long-term costs. However, high manufacturing costs remain a major obstacle to the large-scale commercialization of solid-state batteries.
Sodium-ion batteries are attracting attention thanks to the abundance of raw materials and reduced supply chain risks, making them appealing for grid-scale storage and renewable energy integration. By contrast, lead-acid batteries face declining relevance due to limited capacity and shorter lifespans.
Leading global players include China’s CATL and BYD, South Korea’s LG Energy Solution and Samsung SDI, Japan’s Panasonic and Mitsubishi Electric, as well as Tesla and Clarios from the United States. These companies are investing heavily in R&D, partnerships, and capacity expansions to secure their market leadership.
As highlighted in the MarketsandMarkets report, the surge in EV adoption and the global push for sustainable energy solutions position battery technology as a cornerstone of decarbonization and carbon neutrality efforts worldwide.
