GLOBAL LITHIUM-ION BATTERY MARKET ANALYSIS AND PROSPECTS FOR THEIR RECYCLING TECHNOLOGIES

Today, lithium-ion (Li-ion) batteries have become the primary means of energy storage in the global energy system, with the global market surpassing the $150 billion mark by 2025 according to IEA and Reuters data. This growth rate averages 20–30% annually, where the overall use of batteries has increased sixfold over the past five years and the energy storage segment has grown 20 times, indicating an "explosive" development of the market. This trend is also significantly observed in the Central Asian region, specifically in Uzbekistan, where the lithium-ion battery market is projected to expand with a CAGR of 11.2–11.8% between 2025 and 2029.

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