Battery Markets
Gain access to cutting-edge insights on Electric Vehicle (EV) and Energy Storage (ESS) demand, battery cell production, cathode technology trends and the geopolitical forces shaping battery markets.
Overview
The global battery market has seen tremendous growth over the past several years with 2025 cell demand of 1.6Twh and shipments closer to 2Twh. REA expects global battery cell demand to reach 4.2Twh by 2030, a trend supported not just by growing EV sales but the rapid build out of battery energy storage systems (BESS), a major source of flexibility for power systems and a core part of the new artificial intelligence economy. Battery technologies are also rapidly adapting to end-user markets. Key questions continue to influence the long-term outlook for battery and raw material markets: can the West scale independent LFP value chains? Will Sodium-ion battery technology gain traction over the long-term? How will western automotive cell strategies adapt to cost pressures and government policy? REA’s focus sits at the intersection of markets, economics and pricing with a specialist focus on North America and Europe.
Benefits
Data-driven Insights
Global battery balances have undergone significant change over the past several years. Along with raw material pricing volatility, industrial policy has also been in flux, most acutely reflected in US EV sales and rising Chinese EV and battery cell exports. Lithium-ion phosphate cell technology also continues to make advances, particularly next-generation cell technology spearheaded by Chinese majors such as CATL. REA’s expertise in the battery market focuses on three core areas:
- The outlook of the US and North American battery market: REA covers US cell balances, cathode chemistry splits, EV sales, battery energy storage demand, cell supplier strategies (LGES, Panasonic, Tesla, SK, Ford and others) and the outlook for midstream and upstream players. REA’s work with US government agencies and its network of experts ensure it can connect policy signals with market implications.
- Global EV market: REA provides cutting-edge insights on the global EV market, including EV sales, battery chemistries, pack sizes, pricing, automotive cell strategies, factory utilisation rates, tariff policy and analysis of the OEM-cell offtake landscape.
- Energy Storage: Driven by plummeting cell costs – particularly advances in next generation LFP technologies – and grid-stability demands, the global energy storage market hit record installations in 2025 and is projected to ship over 700GWh in 2026, dominated by utility-scale projects and emerging infrastructure backups. REA provides clients with detailed analysis on trends in the global ESS cell market and regional power markets.
US EV sales and p-rate (RHS)
Our Battery Markets Coverage
REA provides a range of products and services across the battery value chain. Our Services are valued by a range of corporate including automakers, governments, storage developers, miners and refiners and corporate planning teams.
US Battery Monthly
Strategic intelligence on the US battery supply chain covering cell balances, government policy, capital flows, upstream and midstream supply and cell technology trends
EV Monthly
A 360-view of global monthly electric vehicle sales including OEM-level sales and financials, cell strategies, government policy, export trends and cell costs.
Energy Storage Quarterly
Quarterly analysis of the battery energy storage markets with a strong focus on developments in the US and China, utility scale and AIDC level demand, ESS cell supply and chemistry outlook, pricing and offtake review.
Recent Insights
The LGES/Lopal deal highlights the urgency with which US LiB makers feel they must respond......
While Section 45X manufacturing credits and surging data-centre storage demand have successfully catalysed U.S. LFP......
In late February, Zimbabwe suspended exports of lithium concentrates in a bid to strengthen its......
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