Ranking of lithium consumption of energy storage batteries

What percentage of lithium-ion batteries are used in the energy sector?

Despite their widespread use in personal devices, over 90% of annual lithium-ion battery demand now comes from the energy sector. This is a significant increase from 50% in 2016, when the total lithium-ion battery market was much smaller.

What is a lithium ion battery?

Lithium, which is at the heart of lithium-ion batteries that revolutionized energy storage, has remained the top end-user of this metal. Why lithium-ion batteries?

What is the lithium-ion battery market database?

Database contains the global lithium-ion battery market supply and demand analysis, focusing on the cell segment in the ESS sector. We compile detailed data on various businesses' capacity, production, and shipments, as well as segmenting the market applications such as FTM, BTM-C&I, and BTM-Residential.

Which chemistries are best for lithium-ion batteries?

For lithium-ion batteries, more energy-dense chemistries such as nickel cobalt aluminium (NCA) and nickel manganese cobalt (NMC) are popular for home energy storage and other applications where space is limited.

Why are lithium-ion batteries so popular?

Lithium-ion batteries are popular because of their performance characteristics. Among those characteristics, the high energy density properties are particularly coveted. Discover all statistics and data on Battery industry worldwide now on statista.com!

What is the largest end-use of lithium in 2023?

In 2023, batteries were by far the largest end-usage of lithium worldwide. This application accounted for 87 percent of lithium consumption that year, while use in ceramics and glass made up another four percent. Lithium, which is at the heart of lithium-ion batteries that revolutionized energy storage, has remained the top end-user of this metal.