Why lithium-ion battery technology maintains such dominance
Despite the emergence of new storage technologies, lithium-ion batteries retain a dominant position thanks to industrial leadership, improved performance and a high geographic concentration of production capacity.
| Countries | Chine, Japon, Corée du Sud, États-Unis |
|---|---|
| Companies | CATL, BYD, Toyota, AIE |
| Sector | Stockage énergie, Mobilité |
| Theme | Marchés & Finance, Analyse sectorielle |
Between 2010 and 2024, global battery demand increased more than forty-fold, driven mainly by the growth of electric vehicles. At the same time, average battery prices dropped by over 90%. In 2024, the global battery market was worth around $130bn, exceeding the combined net oil imports of Germany, France and Italy. This shift also transformed the structure of demand: electric vehicle batteries now account for approximately 75%, far ahead of portable electronics, which have fallen to 5%.
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