In Short : According to the International Energy Agency (IEA), the global battery industry has entered a new growth phase driven by surging demand for electric vehicles and renewable energy storage. Falling costs, technological advancements, and expanding production capacities are reshaping the sector, positioning batteries as a key enabler of the global clean energy transition […]
Battery industry sales to cross $168 billion in 2030 amid raw material shortages – EQ Mag Pro
The battery industry is set to be one of the most significant over the next 10 years. A compound annual growth rate (CAGR) of 14 per cent is expected by 2030, mostly driven by sales from lithium-ion batteries. The battery industry revenues may exceed $168 billion by 2030 but severe global shortages are highly likely […]
Building a European battery industry – EQ Mag Pro
Europe is aggressively moving to establish a lithium-ion battery (LIB) industry. Despite the chasm separating European companies from the leading industry incumbents, there are strong grounds for European players to establish themselves in the sector. To be successful, however, they must consider five strategic levers – and act now. A global shift away from fossil […]
