Battery Technologies Industry Overview

This report examines the battery markets in Russia and globally, analyzing market size, growth projections, and key industry trends.

Key findings

• The global battery market was valued at 135 billion USD in 2025 and is projected to reach 888 billion USD by 2035, growing at a CAGR of 23% over the forecast period.
• Nearly all industrial applications of batteries rely on lithium-ion (Li-ion) technology.
• Electric vehicle sales are the primary driver of battery market growth, accounting for approximately 90% of total demand. The second-largest application is energy storage systems (ESS) for the power sector.
• China dominates nearly every stage of the battery supply chain, from raw material processing to battery cell manufacturing, and is also a domestic producer of lithium.
• Electric vehicles are also a key driver of Russia’s lithium-ion battery (LiB) market, but account for a smaller share of the market than they do globally.
• Russia is restoring its lithium production capacity as it seeks to develop a fully integrated battery supply chain.

This analysis draws on publicly available sources, including official documents and regulations, reports from international organizations and government agencies, and research by consulting firms and academic institutions.