By Mitu Rani Das, Tech Enthusiast | February 9, 2026
I have been looking into the Bangladeshi lithium-ion battery market, and honestly, it’s way more interesting than I expected. By 2026, the market is expected to hit around USD 321 million, and it’s growing at nearly 8% every year. And it’s not just tiny batteries for phones. We’re talking EVs, telecom backup systems, and renewable energy storage.
What’s really cool is that, even though we still import most of the actual lithium-ion cells from places like China and South Korea, local companies like Walton are starting to make batteries here. They’re building a Tk 114 crore factory, which could really cut down on imports, make prices a bit cheaper, and create jobs.
Honestly, this market is one of those things you might overlook, but it’s quietly becoming super important in Bangladesh.
Why Lithium-Ion Batteries Are Growing So Fast
So, why is everyone suddenly talking about lithium-ion batteries? Here’s what I found:
Electric Vehicles Are Everywhere
Have you noticed all the electric rickshaws and three-wheelers around the city? They’re popping up like crazy because they’re cheaper to run and better for the environment. And here’s the thing. They can’t really run on old lead-acid batteries anymore. They use lithium-ion batteries because they last longer, are lighter, and are more energy-efficient.
Telecom Towers Need Backup Power
You’d be surprised, but a big chunk of the demand comes from telecom towers. With millions of mobile users in Bangladesh, towers need reliable backup power. Lithium-ion batteries are perfect because they last longer than lead-acid, take up less space, and are more consistent.
Phones, Laptops, and Gadgets
Of course, we also have our phones, laptops, and power banks. Most modern devices run on lithium-ion batteries, which are lighter, last longer, and charge faster than older types. For example, popular phones like the Samsung Galaxy S23, iPhone 14, Xiaomi Redmi Note 12, and Oppo Reno 10 all use lithium-ion batteries. Even laptops like the Dell XPS 13 or MacBook Air depend on them.
With more young people buying gadgets every year, demand for small lithium-ion cells is always growing. It’s funny when you think about it. The same technology that powers huge EVs is also inside your pocket.
Solar and Renewable Energy
Bangladesh is slowly pushing solar and other renewable energy. But solar panels only work when the sun is out, right? You need lithium-ion batteries to store energy for later. They’re efficient, reliable, and perfect for rural areas where electricity can be unstable.
How Big Is This Market Really?
The numbers are kind of impressive. Check this out:
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2024: ~USD 274 million
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2025: ~USD 297–298 million
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2026: ~USD 321 million
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2030 projections: ~USD 430+ million
The growth rate is about 7.8% per year, which shows it’s not just a small trend. This is a serious expansion across EVs, telecom, and renewable energy.
Types of Lithium-Ion Batteries
Not all lithium-ion batteries are the same. Here’s what’s common in Bangladesh:
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LiFePO4 (Lithium Iron Phosphate): Super safe, long-lasting, and widely used in industrial storage and EVs.
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NMC (Nickel Manganese Cobalt): Higher energy density, used in portable electronics and high-performance EVs.
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LCO (Lithium Cobalt Oxide): Mostly in phones and laptops, less ideal for heavy industrial use.
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LTO (Lithium Titanate): Fast charging, very safe, but expensive. Mostly used for specialized industrial applications.
So, depending on whether it’s a phone, a solar system, or an EV, the battery chemistry changes.
Prices Are All Over the Place
The cost really depends on what you’re buying:
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Power tools or motorcycle packs (1.5–2Ah): ~৳1,450 each
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18650 Li-ion cells: ~৳55–৳245 depending on capacity
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Industrial 48V 100Ah LiFePO4 batteries: ~৳110,000–৳115,000
It’s wild how the same technology goes from something tiny like a tool battery to something huge that can power a whole office or EV.
Challenges That Could Slow Things Down
Even though growth is strong, there are a few issues to think about:
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Import dependency: Most raw materials still come from outside the country.
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High upfront cost: Li-ion batteries are more expensive than lead-acid, which can scare some small businesses.
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Recycling: These batteries aren’t easy to recycle yet in Bangladesh.
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Safety worries: People worry about overheating or fires if the battery isn’t high-quality.
So yeah, there’s huge potential, but these are real challenges that need to be solved.
Local Manufacturing Is Changing Everything
Here’s the exciting part. Local production is picking up:
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Walton Hi-Tech Industries is building a Tk 114 crore lithium-ion battery factory.
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Other companies like SARBS Communications, BASE Technologies, and Okaya Power are assembling packs locally.
Even if most raw cells are still imported, assembling and making packs locally is a big deal. It keeps money in the country, creates jobs, and builds technical skills. I really think that eventually Bangladesh could even export battery packs to neighboring countries.
Why This Market Is Full of Opportunities
Honestly, there’s so much potential:
Energy in Rural Areas
Many rural areas still don’t have reliable electricity. With solar panels and lithium-ion battery storage, people can power lights, phones, and small appliances.
EV Charging Stations
As more people buy electric vehicles, charging stations will need battery storage. This could really increase demand for lithium-ion batteries.
Telecom & Data Centers
With 5G and more data centers coming, towers need always-on power, which is perfect for lithium-ion solutions.
Export Potential
If local manufacturing grows, Bangladesh could export battery packs to countries like Nepal, Bhutan, and even Southeast Asia.
My Take
At first, I thought batteries were boring tech hidden in phones or UPS systems. But now I see that lithium-ion batteries are becoming central to Bangladesh’s energy, transport, and tech future.
Yes, there are challenges, like imports, cost, and recycling. But with EV adoption, renewable energy, telecom growth, and local manufacturing, the opportunities are massive. I honestly think that in the next 5 to 10 years, Bangladesh could be a serious player in lithium-ion battery production in the region.
Conclusion
Have you noticed how fast the lithium-ion battery scene is taking off in Bangladesh? It’s crazy. EVs are becoming more popular, renewable energy is expanding, and even telecom is booming. Sure, there are some challenges like depending on imports, high prices, and figuring out recycling, but local companies like Walton are stepping up and making things happen.
Honestly, with all the demand across consumer gadgets, industry, and renewable energy, these batteries are going to be a big deal for the country’s tech and energy future. If you want the full scoop on market trends and growth opportunities, check out Mordor Intelligence.
Frequently Asked Questions About Lithium-Ion Batteries
What is a lithium-ion battery?
A rechargeable battery that uses lithium ions to store and release energy.
How does it work?
Lithium ions move between the battery’s anode and cathode during charging and discharging.
What is the life of a lithium-ion battery last?
Usually 2–3 years or 300–500 full charge cycles.
How long will it stay charged?
It can hold a charge for days to weeks, slowly losing power over time.
What affects its lifespan?
High temperatures, deep discharges, and frequent fast charging can shorten battery life.
