The global battery market has become the cornerstone of the world’s clean energy future, supporting the transition from fossil fuels to renewable and sustainable alternatives. Valued at USD 170.17 billion in 2024, the market is anticipated to rise steadily at a CAGR of 9.1%, reaching an impressive USD 405.83 billion by 2034. Batteries today power much more than...

The global bus market reached USD 93.55 billion in 2024 and is expected to grow to USD 134.22 billion by 2034, registering a CAGR of 3.7% during the forecast period. Buses remain an integral part of public transportation systems worldwide, serving as affordable, efficient, and scalable means of mobility for millions of passengers daily. With growing concerns about carbon emissions and...

Q1. What are the key drivers of the China lithium-ion battery market? The China lithium-ion battery market is growing rapidly due to the surge in electric vehicle (EV) production, renewable energy storage demand, and technological advancements. The China lithium-ion battery market trends reveal that China accounts for over 70% of global lithium-ion cell manufacturing. According to Ken Research,...

The U.S. lithium market is at the forefront of the global energy transition, driven by the surging adoption of electric vehicles (EVs), advancements in battery technology, and strategic domestic production initiatives. Valued at USD 1.14 billion in 2024, the market is projected to reach USD 3.69 billion by 2034, growing at a robust CAGR of 12.48%. Lithium is the...