China Metal Li-based Battery Casing Market Size & Outlook
China metal li-based battery casing market, 2018-2030 (US$M)
Related Markets
China metal li-based battery casing market highlights
- The China metal li-based battery casing market generated a revenue of USD 3,161.4 million in 2023 and is expected to reach USD 7,130.6 million by 2030.
- The China market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, rechargeable was the largest revenue generating type in 2023.
- Rechargeable is the most lucrative type segment registering the fastest growth during the forecast period.
Metal li-based battery casing market data book summary
| Market revenue in 2023 | USD 3,161.4 million |
| Market revenue in 2030 | USD 7,130.6 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Rechargeable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary, Rechargeable |
| Key market players worldwide | Constellium SE Class A, Gestamp Automocion, GF Casting Solutions, Granges AB, Magna International Inc, MINTH Group, NeMaK, Norsk Hydro ASA, Novelis UK, Targray, Thyssenkrupp AG, UACJ |
Other key industry trends
- In terms of revenue, China accounted for 70.2% of the global metal li-based battery casing market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China metal li-based battery casing market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 42.1 million by 2030.
Rechargeable was the largest segment with a revenue share of 87.8% in 2023. Horizon Databook has segmented the China metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
Rising investments in power infrastructure are expected to significantly enhance the demand for metal lithium-based battery casings in China over the forecast period. China is a leader in renewable energy production within the Asia Pacific region.
Having doubled its construction of solar and wind power plants in 2020 compared to 2019, reaching a solar power capacity of 48.2 GW that year. By 2023, the country added an impressive 301 GW of renewable power generation capacity, accounting for 49% of global additions.
This growth in renewable energy capacity is driving the development of grid infrastructure, further increasing the demand for robust metal lithium-based battery casings necessary for energy storage systems that support this infrastructure.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
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China metal li-based battery casing market size, by type, 2018-2030 (US$M)
China Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
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