The 2024 Lithium Battery Market Report details the landscape of a sector driving technological and environmental advancements. This report provides an overview of the industry’s growth, innovation, and investment trends. It highlights the contributions from a range of stakeholders and explores the expansion in the workforce, the surge in funding activities, and the increasing number of companies building new battery technologies.
This global lithium market outlook serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.
StartUs Insights Lithium Battery Market Report 2024
- Executive Summary
- Introduction to the Lithium Battery Report 2024
- What data is used in this Lithium Battery Report?
- Snapshot of the Global Lithium Battery Industry
- Funding Landscape in the Lithium Battery Industry
- Who is Investing in Lithium Battery?
- Emerging Trends in the Lithium Battery Industry
- 5 Innovative Lithium Battery Startups
Executive Summary: Lithium Battery Market Report 2024
This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 800+ lithium battery startups developing innovative solutions to present five examples from emerging lithium battery industry trends.
- Industry Growth Overview: The lithium battery industry includes over 6230 companies and experiences an annual growth rate of 5.27%.
- Manpower & Employment Growth: The global workforce in the lithium battery industry stands at 873K employees. Last year, the industry added 59K new employees.
- Patents & Grants: More than 17380 technologies and innovations filed for patents and the industry received over 1510 grants.
- Global Footprint: The top five country hubs for the lithium battery industry are the USA, China, India, the UK, and Australia. Major city hubs include Shenzhen, Shanghai, Dongguan, Sydney, and Melbourne.
- Investment Landscape: The average investment value per funding round is USD 64 billion. The industry attracted over 550 investors and closed more than 2130 funding rounds. More than 710 companies benefited from these investments.
- Top Investors: Some of the top investors in this field include The US Department of Energy, General Motors, and Addor Capital. The combined investments of these top investors contributed over USD 1 billion.
- Startup Ecosystem: The five innovative startups highlighting the sector’s global reach and entrepreneurial spirit include Safe-Li (fire-safe battery technology), novali (high voltage lithium-metal batteries), Aerospace Lithium (iron lithium battery technology), ElectraLith (direct lithium extraction & refining), and 8inks (multi-layer curtain coating).
- Recommendations for Stakeholders: To grow in this sector, entrepreneurs should explore opportunities in fast-charging solutions and sustainable battery recycling to address key market needs. Investors should focus on solid-state and high-capacity lithium-sulfur batteries, while governments should increase grants and support for research in new battery technologies.
Explore the Data-driven Lithium Ion Battery Market Report for 2024
The Lithium Ion Battery Market Outlook 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The lithium battery industry experienced growth and innovation with over 800 startups and 6200+ companies operating in this sector. Last year, the industry experienced a growth rate of 5.27% reflecting its expanding influence and importance.
Innovation is showcased with over 17380 patents filed. This indicates the pipeline of new technologies and advancement. Additionally, the industry is supported by 1510 grants to highlight investment and interest from various stakeholders. The global workforce in the lithium battery industry stands at 873K employees. Last year, the industry added 59K new employees, signaling rapid expansion and increasing demand for skilled professionals.
The top five country hubs for the lithium battery industry are the USA, China, India, the UK, and Australia. On a city level, Shenzhen, Shanghai, Dongguan, Sydney, and Melbourne stand out as major hubs, driving innovation and startup activity in the industry.
What data is used to create this lithium-ion battery market report?
Based on the data provided by our Discovery Platform, we observe that the lithium battery industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.
- News Coverage & Publications: The industry received extensive news coverage and publications, with more than 15620 publications in the last year.
- Funding Rounds: It saw a significant investment activity, with data available on the closure of over 2130 funding rounds.
- Manpower: The manpower in the lithium battery industry is substantial, with more than 873K workers. Last year, the industry added more than 59K new employees.
- Patents: With over 17380 patents filed, the sector shows innovation potential.
- Grants: The industry received 1510+ grants and highlighted financial backing.
- Yearly Global Search Growth: There has been an 18% yearly global search growth to indicate increasing interest and awareness in the sector.
- and more. Contact us to explore all data points used to create this lithium-ion battery report.
A Snapshot of the Global Lithium Battery Industry
The lithium battery industry experienced growth and substantial investment over recent years. The industry currently shows a significant workforce, with a manpower of 873K employees. In the last year alone, the sector experienced an employee growth of 59K indicating the industry’s rapid expansion and increasing demand for skilled professionals. Moreover, with 6231 companies operating in the lithium battery sector, the industry is marked by a high level of activity and innovation.
Explore the Funding Landscape of the Lithium Battery Industry
The lithium battery investment received an average investment value of USD 63.9 billion per round. This highlights the financial backing of the investors in the future potential of lithium battery technologies. The industry attracted more than 550 investors and participated in over 2130 funding rounds.
This array of investors reflects the interest and belief in the sector’s growth prospects. More than 710 companies benefited from these investments, further fueling the industry’s development and innovation. These figures underscore the nature of the lithium battery industry for energy storage and technological advancement. The substantial investment, coupled with manpower and company growth, positions the lithium battery industry as a key player in the global market.
Who is Investing in Lithium Battery?
The lithium battery industry attracted investment from leading investors, with a combined investment value exceeding USD 1 billion. This financial backing underscores the industry’s potential growth. Here are some of the top investors and their contributions:
- Addor Capital invested USD 18 million in 5 companies.
- The US Department of Energy invested USD 541 million in 5 companies.
- General Motors contributed USD 130 million to 4 companies.
- Y Combinator invested USD 775K in 3 companies, focusing on early-stage startups.
- Shenzhen Capital Group backed 3 companies with an investment of USD 149 million.
- Techstars invested USD 1 million in 3 companies.
- Yingke Capital contributed USD 176 million to 3 companies.
- and more. Connect with us to explore all investment data in the lithium battery industry.
These investments highlight the range of stakeholders committed to advancing the lithium battery industry. From governmental bodies to venture capital firms, the support spans various sectors and each recognizes the role of lithium batteries in the future of energy storage and technology.
Access Top Lithium Battery Innovations & Trends with the Discovery Platform
The Portable Power Station includes 873 companies. This segment employs 94K individuals to demonstrate its workforce. Last year, 7K new employees joined this segment and highlighted its expansion. The annual trend growth rate of 14% underscores the demand for portable power solutions.
Lithium Polymer technology comprises 295 companies with a workforce of 25K employees. Over the past year, this segment added 2K new employees, but it experienced an annual trend growth rate decline of 2.32%.
Energy Storage features 11890 companies and includes a workforce of 1M employees. It added about 92K new employees in the past year. The annual trend growth rate of 4.93% reflects growth with the increasing need for efficient energy storage solutions to support renewable energy integration, grid stability, and electric vehicle infrastructure.
5 Top Examples from 800+ Innovative Lithium Battery Startups
The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Contact us to find all promising startups, emerging trends, or industry data specific to your company’s needs and objectives.
Safe-Li develops Fire Safe Battery Technology
US-based startup Safe-Li develops advanced fire-safe lithium battery technology. Its technology features an inorganic electrode-supported membrane to ensure high stability and safety. The ceramic separator in the batteries improves performance by supporting high wettability with a 30-degree contact angle. This feature allows better electrolyte distribution and enhances the battery’s efficiency. Additionally, the batteries use a fireproof electrolyte to provide safety with a higher retention capacity over numerous cycles to maintain performance.
novali makes High Voltage Lithium-Metal Batteries
Belgium startup novali makes high-voltage lithium-metal batteries. Its battery cells combine a pure lithium-metal anode, a high-voltage cathode, and a liquid electrolyte. The anode provides high-energy density to enhance the overall battery performance. The high-voltage cathode contains no cobalt and less nickel for sustainability and affordability. Moreover, the startup uses nanocoatings on different components to optimize design and manufacturing. Thus, these cells offer high range and charging speed.
Aerospace Lithium builds Iron Lithium Battery Technology
Chinese startup Aerospace Lithium builds lithium iron phosphate battery cell technology. It utilizes double-sided extrusion coating technology to achieve uniform material distribution and high product consistency. This method reduces energy consumption costs and enhances the efficiency of large cylindrical winding. The startup also develops detection terminals and a monitoring platform for real-time battery operation analysis. This includes supply and demand data analysis, performance prediction, fault warning, and defect cause analysis.
ElectraLith offers Direct Lithium Extraction & Refining
Australian startup ElectraLith uses membrane separation technology for direct lithium extraction and refining with its DLE-R system. This technology eliminates water and harmful chemicals in the extraction process to make the process sustainable. The DLE-R system operates on renewable energy and produces lithium hydroxide in a single-step, modular, and scalable process. It applies to various lithium sources, including brines, geothermal, oil fields, recycled materials, and spodumene deposits. The system also lowers capital and operational expenditures while achieving high recovery rates.
8inks provides Multi-Layer Curtain Coating
Swiss startup 8inks provides advanced electrode coating solutions using multi-layer curtain coating. The startup’s technology increases throughput and reduces costs by increasing coating speeds for tera-scale production. The multi-layer curtain coating approach offers wide-ranging thicknesses, including ultra-thin layers. Moreover, it enhances material flexibility and optimizes electrode properties for applications such as silicon anodes and solid electrolytes. It also improves energy and power density, cycle life, and safety.
Gain Comprehensive Insights into Lithium Battery Trends, Startups, or Technologies
The 2024 Lithium Battery Industry Report shows the growth and innovation shaping this sector. Advances in electrode designs and sustainable materials also tackle challenges like safety and high production costs. The report highlights the strategic importance of continued investment and innovation in lithium battery technologies to drive sustainable development. Reach out to us to explore all 800+ startups and scaleups, as well as all industry trends impacting lithium battery companies.
