Battery Monitor 2023: An assessment of the current and future battery value chain

Summary

According to the “Battery Monitor 2023” published by Roland Berger and the PEM Chair at RWTH Aachen University, the global battery market is expected to grow by an average of 34% per year and reach a volume of 4,900 GWh by 2030. This is 900 GWh more than forecast in 2022. According to the report, electric vehicles are likely to account for around 80 percent of demand for lithium-ion batteries in the coming decades.