Market Overview:
The global electric vehicle lithium-ion battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles, hybrid electric vehicles, and plug-in electric vehicles across the globe. Additionally, technological advancements in lithium-ion batteries are also propelling the growth of this market. However, volatility in prices of raw materials used in manufacturing lithium-ion batteries is restraining the growth of this market to some extent. The global electric vehicle lithium-ion battery market can be segmented on the basis of type into Lithium Ion Manganese Oxide Battery (LIMO), Lithium Iron Phosphate Battery (LFP), LiNiMnCo (NMC) Battery and Lithium–titanate Battery (LTO). On the basis of application, it can be classified into Electric Vehicles, Hybrid Electric Vehicles and Plug In Electric Vehicles. Geographically speaking, it has been analyzed across North America, Latin America Europe Asia Pacific and Middle East & Africa regions.
Product Definition:
An electric vehicle lithium-ion battery is a type of rechargeable battery used in electric vehicles. They are one of the most common types of batteries used in hybrid and plug-in electric cars.
Lithium Ion Manganese Oxide Battery:
Lithium-ion manganese oxide battery is a rechargeable secondary battery that uses lithium ions and manganese ions in combination with oxygen. It has the highest energy density of any commercial battery, second only to lead acid batteries. Manganese (Mn) oxide serves as the cathode material, while lithium (Li) serves as an anode material in this particular type of cell.
Lithium Iron Phosphate Battery:
Lithium iron phosphate battery (LiFePO4) is a rechargeable battery with high energy density. It has the potential to be used in all applications where standard lithium-ion batteries are used, such as consumer electronics, electric vehicles and grid storage. LiFePO4 offers several benefits over other batteries including higher power output and longer life span.
The global market for electric vehicles was valued at USD 47 billion in 2015.
Application Insights:
The electric vehicles segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The increasing production of electric vehicles to meet growing demand from consumers, governments and automotive manufacturers is expected to drive the application segment over the next eight years.
Hybrid Electric Vehicles (HEVs) are projected to account for a major share in terms of revenue as well as volume in near future owing to their ability to operate on battery power alone or combined with conventional fuel power, thus reducing overall dependence on external sources such as fossil fuels or petroleum products. HEVs use hybrid technology which comprises a combination of internal combustion engine and rechargeable batteries that work together providing increased range capability for an automobile while reducing its overall carbon footprint significantly by eliminating dependency on external sources such as fossil fuels or petroleum products.
Regional Analysis:
The Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major battery manufacturers such as Panasonic, Samsung SDI, LG Chem, and Sony Corporation in Japan has contributed to regional growth. Furthermore, countries such as China and South Korea have been experiencing strong economic growth which is further anticipated to fuel demand for electric vehicles across this region.
China was one of the first countries that initiated policies aimed at promoting electric vehicles across various markets around the world including Europe and North America. For instance; In April 2018; China announced a plan for subsidies on new energy vehicles (EVs) with an aim of encouraging consumers towards buying EVs instead of internal combustion engine (ICE) powered cars by 2020 throughout the world including Europe and North America regions. This policy will encourage EV manufacturers all over the world including U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for lithium-ion batteries, as they are used in most electric vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the use of electric vehicles by providing subsidies and incentives. This is expected to drive the growth of the electric vehicle lithium-ion battery market during the forecast period.
- Development of new technologies: The development of new technologies such as solid state batteries and next generation lithium-ion batteries is expected to fuel the growth of this market during the forecast period. These new technologies offer better performance and longer life cycle than traditional lithium-ion batteries, which will lead to their increased adoption in various applications including electric vehicles.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Lithium-ion Battery Market Research Report
By Type
Lithium Ion Manganese Oxide Battery, Lithium Iron Phosphate Battery, LiNiMnCo (NMC) Battery, Lithium–titanate Battery
By Application
Electric Vehicles, Hybrid Electric Vehicles, Plug-In Electric Vehicles
By Companies
LG, BYD, Toshiba, SDI, Hitachi, Panasonic, AESC, Lithium Energy Japan (LEJ), Li-Tec, Valence, Johnson Matthey Battery Systems
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Lithium-ion Battery Market Report Segments:
The global Electric Vehicle Lithium-ion Battery market is segmented on the basis of:
Types
Lithium Ion Manganese Oxide Battery, Lithium Iron Phosphate Battery, LiNiMnCo (NMC) Battery, Lithium–titanate Battery
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
Electric Vehicles, Hybrid Electric Vehicles, Plug-In Electric Vehicles
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:
- LG
- BYD
- Toshiba
- SDI
- Hitachi
- Panasonic
- AESC
- Lithium Energy Japan (LEJ)
- Li-Tec
- Valence
- Johnson Matthey Battery Systems
Highlights of The Electric Vehicle Lithium-ion Battery 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 Manganese Oxide Battery
- Lithium Iron Phosphate Battery
- LiNiMnCo (NMC) Battery
- Lithium–titanate Battery
- By Application:
- Electric Vehicles
- Hybrid Electric Vehicles
- Plug-In Electric Vehicles
- 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 Lithium-ion Battery 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?
An electric vehicle lithium-ion battery is a type of rechargeable battery that uses lithium ion as its primary cell chemistry. The cells are typically constructed in modules and packed into an energy storage device, such as a pack or module, for use in an electric vehicle.
Some of the major companies in the electric vehicle lithium-ion battery market are LG, BYD, Toshiba, SDI, Hitachi, Panasonic, AESC, Lithium Energy Japan (LEJ), Li-Tec, Valence, Johnson Matthey Battery Systems.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery Market - Supply Chain
4.5. Global Electric Vehicle Lithium-ion Battery Market Forecast
4.5.1. Electric Vehicle Lithium-ion Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Vehicle Lithium-ion Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Vehicle Lithium-ion Battery Market Absolute $ Opportunity
5. Global Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery Market Size and Volume Forecast by Type
5.3.1. Lithium Ion Manganese Oxide Battery
5.3.2. Lithium Iron Phosphate Battery
5.3.3. LiNiMnCo (NMC) Battery
5.3.4. Lithiumtitanate Battery
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery Market Size and Volume Forecast by Application
6.3.1. Electric Vehicles
6.3.2. Hybrid Electric Vehicles
6.3.3. Plug-In Electric Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery Demand Share Forecast, 2019-2026
9. North America Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery Market Size and Volume Forecast by Application
9.4.1. Electric Vehicles
9.4.2. Hybrid Electric Vehicles
9.4.3. Plug-In Electric Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Vehicle Lithium-ion Battery Market Size and Volume Forecast by Type
9.7.1. Lithium Ion Manganese Oxide Battery
9.7.2. Lithium Iron Phosphate Battery
9.7.3. LiNiMnCo (NMC) Battery
9.7.4. Lithiumtitanate Battery
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 Lithium-ion Battery Demand Share Forecast, 2019-2026
10. Latin America Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery Market Size and Volume Forecast by Application
10.4.1. Electric Vehicles
10.4.2. Hybrid Electric Vehicles
10.4.3. Plug-In Electric Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Vehicle Lithium-ion Battery Market Size and Volume Forecast by Type
10.7.1. Lithium Ion Manganese Oxide Battery
10.7.2. Lithium Iron Phosphate Battery
10.7.3. LiNiMnCo (NMC) Battery
10.7.4. Lithiumtitanate Battery
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 Lithium-ion Battery Demand Share Forecast, 2019-2026
11. Europe Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery Market Size and Volume Forecast by Application
11.4.1. Electric Vehicles
11.4.2. Hybrid Electric Vehicles
11.4.3. Plug-In Electric Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Vehicle Lithium-ion Battery Market Size and Volume Forecastby Type
11.7.1. Lithium Ion Manganese Oxide Battery
11.7.2. Lithium Iron Phosphate Battery
11.7.3. LiNiMnCo (NMC) Battery
11.7.4. Lithiumtitanate Battery
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 Lithium-ion Battery Demand Share, 2019-2026
12. Asia Pacific Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery Market Size and Volume Forecast by Application
12.4.1. Electric Vehicles
12.4.2. Hybrid Electric Vehicles
12.4.3. Plug-In Electric Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Vehicle Lithium-ion Battery Market Size and Volume Forecast by Type
12.7.1. Lithium Ion Manganese Oxide Battery
12.7.2. Lithium Iron Phosphate Battery
12.7.3. LiNiMnCo (NMC) Battery
12.7.4. Lithiumtitanate Battery
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 Lithium-ion Battery Demand Share, 2019-2026
13. Middle East & Africa Electric Vehicle Lithium-ion Battery 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 Lithium-ion Battery 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 Lithium-ion Battery Market Size and Volume Forecast by Application
13.4.1. Electric Vehicles
13.4.2. Hybrid Electric Vehicles
13.4.3. Plug-In Electric Vehicles
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 Lithium-ion Battery Market Size and Volume Forecast by Type
13.7.1. Lithium Ion Manganese Oxide Battery
13.7.2. Lithium Iron Phosphate Battery
13.7.3. LiNiMnCo (NMC) Battery
13.7.4. Lithiumtitanate Battery
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 Lithium-ion Battery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Vehicle Lithium-ion Battery Market: Market Share Analysis
14.2. Electric Vehicle Lithium-ion Battery Distributors and Customers
14.3. Electric Vehicle Lithium-ion Battery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LG
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. Toshiba
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SDI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panasonic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AESC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lithium Energy Japan (LEJ)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Li-Tec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Valence
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Johnson Matthey Battery Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
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
