Powering the Future: The Global EV Battery Market

The global electric vehicle battery market is expanding at record speed. Annual battery demand surpassed 1 terawatt-hour (TWh) for the first time in 2024, driven by rapid growth in battery-electric vehicles and accelerated investments across the battery value chain. As demand rises, manufacturers face growing pressure to scale production, adopt new chemistries, and ensure battery quality, safety, and performance at every stage.

HORIBA has created this informational data-driven overview to highlight the key trends shaping the global EV battery market — from gigafactory expansion and regional manufacturing capacity to evolving battery chemistries and second-life applications. The overview also shows how comprehensive testing and measurement are critical across the full battery lifecycle, from raw materials and component manufacturing to full vehicle testing and recycling.

Download the PDF to explore global battery demand, emerging chemistries, and how HORIBA supports battery and BEV testing.