Market Overview:
The global electric-vehicle batteries (EV Batteries) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the electric-vehicle batteries (EV Batteries) market can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are powered by electricity and do not emit harmful gases, which makes them environment-friendly. This is one of the major factors that is driving the demand for electric vehicles, thereby leading to an increase in demand for EV batteries. The global EV battery market can be segmented on the basis of type into lithium ion batteries, nickel metal hydride batteries, and lead acid batteries. Lithium ion battery held a dominant position in 2017 and is expected to maintain its dominance during the forecast period as well owing to its high energy density and long life cycle. On account of these benefits, lithium ion battery is being increasingly adopted by OEMs for use in their electric vehicles. On basis of application, BEVs accounted for majority share in 2017 and it is anticipated that this trend would continue over next few years as well due rising awareness about benefits associated with BEVs such as low running costs.
Product Definition:
Electric-vehicle batteries (EV Batteries) are important because they store electrical energy which can be used to power electric vehicles. EV batteries are usually rechargeable and come in a variety of chemistries, including lithium ion, nickel metal hydride, and lead acid.
Lithium-Ion Batteries:
Lithium-ion batteries are rechargeable batteries having high energy density and superior performance. They are used in various applications including electric vehicles, power tools, portable devices, etc. The growing demand for Electric Vehicles (EVs) is expected to be a key factor driving the lithium-ion battery market over the forecast period.
Nickel-Metal Hydride Batteries:
Nickel-metal hydride (NiMH) batteries are rechargeable batteries which are made of a combination of lithium and nickel. The positive electrode is made up of metal hydrides namely, hydrogen gas enclosed in solid material. The battery finds its major application in electric vehicles (EV). It also has applications in portable instruments such as digital cameras, torches and others.
Application Insights:
The battery electric vehicles segment dominated the global market in 2017 and is expected to maintain its dominance over the forecast period. The segment includes passenger and commercial electric vehicles (PEVs and CEVs, respectively). PEV sales were highest in China, followed by Germany, Japan, U.S., and France. Countries such as India are also planning to introduce subsidies for purchasing electric cars due to increasing pollution levels caused due to burning of fossil fuels which leads to health problems among people living there which is a major factor contributing towards high demand for PEVs worldwide.
The HEV application segment was estimated at USD 446.9 million in 2017 owing to increased production of HEVs including heavy-duty trucks with extended range capability from various manufacturers such as Daimler AG, Ford Motor Company LLC., General Motors Company LLC., etc.
Regional Analysis:
The North American market is expected to dominate the global industry over the forecast period. The region accounted for approximately 38% of the overall revenue in 2017 and is estimated to reach nearly USD X million by 2030. This growth can be attributed to increasing government funding towards research & development activities and technological advancements pertaining to electric vehicles across various countries in this region, including U.S.
In addition, growing demand for BEVs on account of rising disposable income coupled with stringent emission norms is anticipated to drive regional market growth over the forecast period. Furthermore, presence of major players such as Tesla Motors Inc.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles by providing subsidies and tax incentives. For instance, in China, the government offers a subsidy of up to ,800 on each electric vehicle purchase.
- Reduction in battery costs: The cost of batteries accounts for a significant proportion of the total cost of an electric vehicle. However, over the past few years, there has been a significant decline in battery costs due to advancements in technology and increased production volumes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric-vehicle Batteries (EV Batteries) Market Research Report
By Type
Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries
By Application
BEVs, HEVs, PHEVs
By Companies
Panasonic, BYD, LG Chem, AESC, SAMSUNG SDI, Mitsubishi/GS Yuasa, Epower, Beijing Pride Power, Air Litium (Lyoyang), Wanxiang, Tianjin Lishen Battery, Automotive Energy Supply Corporation, Primearth EV Energy, Hitachi Vehicle Energy, TOSHIBA CORPORATION, SK Innovation, Amperex Technology, CATL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electric-vehicle Batteries (EV Batteries) Market Report Segments:
The global Electric-vehicle Batteries (EV Batteries) market is segmented on the basis of:
Types
Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BEVs, HEVs, PHEVs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- BYD
- LG Chem
- AESC
- SAMSUNG SDI
- Mitsubishi/GS Yuasa
- Epower
- Beijing Pride Power
- Air Litium (Lyoyang)
- Wanxiang
- Tianjin Lishen Battery
- Automotive Energy Supply Corporation
- Primearth EV Energy
- Hitachi Vehicle Energy
- TOSHIBA CORPORATION
- SK Innovation
- Amperex Technology
- CATL
Highlights of The Electric-vehicle Batteries (EV Batteries) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lithium-Ion Batteries
- Nickel-Metal Hydride Batteries
- Lead-Acid Batteries
- By Application:
- BEVs
- HEVs
- PHEVs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric-vehicle Batteries (EV Batteries) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric-vehicle batteries are the power source for electric vehicles. They consist of a number of cells that are connected in series or parallel to produce electricity. The cells are usually made from lead acid, nickel-cadmium, nickel-metal-hydride or lithium ion.
Some of the key players operating in the electric-vehicle batteries (ev batteries) market are Panasonic, BYD, LG Chem, AESC, SAMSUNG SDI, Mitsubishi/GS Yuasa, Epower, Beijing Pride Power, Air Litium (Lyoyang), Wanxiang, Tianjin Lishen Battery, Automotive Energy Supply Corporation, Primearth EV Energy, Hitachi Vehicle Energy, TOSHIBA CORPORATION, SK Innovation, Amperex Technology, CATL.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric-vehicle Batteries (EV Batteries) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric-vehicle Batteries (EV Batteries) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric-vehicle Batteries (EV Batteries) Market - Supply Chain
4.5. Global Electric-vehicle Batteries (EV Batteries) Market Forecast
4.5.1. Electric-vehicle Batteries (EV Batteries) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric-vehicle Batteries (EV Batteries) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric-vehicle Batteries (EV Batteries) Market Absolute $ Opportunity
5. Global Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Type
5.3.1. Lithium-Ion Batteries
5.3.2. Nickel-Metal Hydride Batteries
5.3.3. Lead-Acid Batteries
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Application
6.3.1. BEVs
6.3.2. HEVs
6.3.3. PHEVs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric-vehicle Batteries (EV Batteries) Demand Share Forecast, 2019-2029
9. North America Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Application
9.4.1. BEVs
9.4.2. HEVs
9.4.3. PHEVs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Type
9.7.1. Lithium-Ion Batteries
9.7.2. Nickel-Metal Hydride Batteries
9.7.3. Lead-Acid Batteries
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric-vehicle Batteries (EV Batteries) Demand Share Forecast, 2019-2029
10. Latin America Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Application
10.4.1. BEVs
10.4.2. HEVs
10.4.3. PHEVs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Type
10.7.1. Lithium-Ion Batteries
10.7.2. Nickel-Metal Hydride Batteries
10.7.3. Lead-Acid Batteries
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric-vehicle Batteries (EV Batteries) Demand Share Forecast, 2019-2029
11. Europe Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Application
11.4.1. BEVs
11.4.2. HEVs
11.4.3. PHEVs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Type
11.7.1. Lithium-Ion Batteries
11..2. Nickel-Metal Hydride Batteries
11.7.3. Lead-Acid Batteries
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric-vehicle Batteries (EV Batteries) Demand Share, 2019-2029
12. Asia Pacific Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Application
12.4.1. BEVs
12.4.2. HEVs
12.4.3. PHEVs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Type
12.7.1. Lithium-Ion Batteries
12.7.2. Nickel-Metal Hydride Batteries
12.7.3. Lead-Acid Batteries
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric-vehicle Batteries (EV Batteries) Demand Share, 2019-2029
13. Middle East & Africa Electric-vehicle Batteries (EV Batteries) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Application
13.4.1. BEVs
13.4.2. HEVs
13.4.3. PHEVs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric-vehicle Batteries (EV Batteries) Market Size and Volume Forecast by Type
13.7.1. Lithium-Ion Batteries
13.7.2. Nickel-Metal Hydride Batteries
13.7.3. Lead-Acid Batteries
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric-vehicle Batteries (EV Batteries) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Electric-vehicle Batteries (EV Batteries) Market: Market Share Analysis
14.2. Electric-vehicle Batteries (EV Batteries) Distributors and Customers
14.3. Electric-vehicle Batteries (EV Batteries) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Panasonic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BYD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LG Chem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AESC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SAMSUNG SDI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi/GS Yuasa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Epower
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Beijing Pride Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Air Litium (Lyoyang)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wanxiang
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tianjin Lishen Battery
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Automotive Energy Supply Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Primearth EV Energy
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hitachi Vehicle Energy
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. TOSHIBA CORPORATION
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SK Innovation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Amperex Technology
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. CATL
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook