Lithium Electricity Equipment Market Report 2026

The lithium electricity equipment market size has grown rapidly in recent years. It will grow from $37.45 billion in 2025 to $42.7 billion in 2026 at a compound annual growth rate (CAGR) of 14%. The growth in the historic period can be attributed to rising demand for electric vehicles, growth in consumer electronics, adoption of renewable energy solutions, improvements in lithium-ion battery efficiency, government incentives for clean energy.

The lithium electricity equipment market size is expected to see rapid growth in the next few years. It will grow to $71.38 billion in 2030 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to increasing deployment of grid-level energy storage, advancements in solid-state lithium batteries, expansion of electric mobility infrastructure, rising industrial electrification, integration of smart battery management systems. Major trends in the forecast period include advanced battery management systems, portable energy storage solutions, grid-scale lithium energy storage, high-efficiency chargers and inverters, integration of lithium batteries in industrial equipment.

The growing demand for electric vehicles (EVs) is expected to drive the expansion of the lithium electricity equipment market. EVs are powered fully or partially by electricity, utilizing electric motors and batteries rather than traditional internal combustion engines. This demand is rising as governments worldwide enforce stricter emission regulations and introduce incentives like tax rebates and subsidies to encourage cleaner transportation options. Lithium electricity equipment plays a vital role by providing lightweight, high-capacity batteries that enable longer driving ranges and faster charging times. For example, according to the Energy Information Administration in December 2024, the combined share of hybrid, plug-in hybrid, and battery electric vehicles (BEVs) in total new light-duty vehicle sales in the United States increased from 19.1% in Q2 2024 to 21.2% in Q3 2024. This upward trend in EV adoption is a key driver for the lithium electricity equipment market’s growth.

Leading companies in the lithium electricity equipment market are focusing on innovative products like advanced lithium-ion batteries to improve energy storage, efficiency, and overall performance. Advanced lithium-ion batteries are enhanced versions of traditional lithium-ion technology, offering higher energy density, faster charging, longer lifespans, and improved safety. For instance, in October 2024, Exide Technologies, a US-based battery manufacturer, introduced the Solition Material Handling battery. This cutting-edge lithium-ion battery utilizes lithium iron phosphate (LiFePO₄) technology, delivering twice the capacity of traditional lead-acid batteries, exceptional safety, rapid charging, and up to 4,000 life cycles. Its modular design, smart monitoring, and compliance with strict safety standards make it a transformative solution for sustainable and efficient industrial and logistics fleets, reducing total cost of ownership through enhanced efficiency and lower maintenance.

In October 2025, Lyten Inc., a U.S.-based advanced materials and energy storage technology company, acquired Northvolt Dwa Sp. z o.o. for an undisclosed amount. Through this acquisition, Lyten aims to accelerate its entry into the European battery energy storage system (BESS) market by utilizing Northvolt Dwa’s manufacturing facility, increase its production capacity in line with rising demand from data centers, renewables, and grid-scale applications, and integrate Northvolt’s product portfolio and intellectual property assets into its global manufacturing operations. Northvolt Dwa Sp. z o.o. is a Poland-based manufacturing company specializing in designing and producing large-scale BESS solutions and related R&D activities.

Major companies operating in the lithium electricity equipment market are BYD Company Limited, Panasonic Corporation, Contemporary Amperex Technology Co. Limited, Toshiba Corporation, LG Energy Solution Ltd., Samsung SDI Co. Ltd., GS Yuasa Corporation, EnerSys, Wuxi Lead Intelligent Equipment Co. Ltd., Exide Technologies, Northvolt AB, CKD Corporation, Redwood Materials Inc., Microvast Holdings Inc., SVOLT Energy Technolog, Lyten Inc., Tenergy Corporation, South 8 Technologies Inc., Tianjin Lishen Battery Joint-Stock Co. Ltd., Cadenza Innovation Inc., Sunwoda Electronic Co. Ltd., Polinovel.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have created both challenges and opportunities for the lithium electricity equipment market by affecting the cost of imported lithium batteries, battery management systems, and related components. The increase in production and import costs has impacted segments such as electric vehicles and energy storage systems, particularly in North America, Europe, and Asia-Pacific regions that rely heavily on international suppliers. Some positive impacts include encouraging local manufacturing and fostering innovation in battery efficiency and alternative materials to reduce dependency on imported components.

The lithium electricity equipment market research report is one of a series of new reports that provides lithium electricity equipment market statistics, including lithium electricity equipment industry global market size, regional shares, competitors with a lithium electricity equipment market share, detailed lithium electricity equipment market segments, market trends and opportunities, and any further data you may need to thrive in the lithium electricity equipment industry. This lithium electricity equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Lithium electricity equipment refers to a wide variety of devices and systems that use lithium-based batteries, mainly lithium-ion or lithium metal batteries, as their primary power source. These include battery packs, energy storage systems, portable power stations, and battery management systems which are commonly found in electric vehicles, consumer electronics, renewable energy setups, and industrial applications for portable power, backup electricity, and grid-level storage.

The main categories of products in lithium electricity equipment are lithium-ion batteries, battery management systems, chargers, inverters, and others. Lithium-ion batteries are rechargeable and known for their high energy density and long cycle life. They include different technologies such as traditional lithium-ion batteries, advanced lithium battery technologies, solid-state lithium batteries, hybrid lithium batteries, and lithium-sulfur batteries. These batteries are used in electric vehicles, energy storage systems, consumer electronics, industrial equipment, and more. The products are distributed through both online and offline channels and serve a wide range of end users such as the automotive industry, consumer electronics, renewable energy systems, telecommunications, and healthcare equipment.Asia-Pacific was the largest region in the lithium electricity equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lithium electricity equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lithium electricity equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The lithium electricity equipment market consists of sales of lithium-based storage systems, battery modules, cell assembly equipment, battery testing equipment, and charge-discharge testers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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