Market Overview:
The global EV 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 across the globe. The lithium-ion batteries segment is expected to dominate the global EV battery market during the forecast period, owing to its high energy density and long life cycle. However, nickel-metal hydride batteries are also witnessing significant growth due to their low cost and easy recyclability. Asia Pacific is expected to be the fastest growing region in terms of EV battery demand, followed by Europe and North America.
Product Definition:
An electric vehicle battery (EVB) is a battery used for electric vehicles. The most common type of EVB is the lithium-ion battery.
Nickel-metal hydride:
Nickel-metal hydride (NiMH) is a battery technology that uses nickel and metal hydrides as an electrolyte. NiMH batteries are relatively new compared to lithium-ion batteries; however, they have been gaining market share over the past few years on account of their high energy density and better shelf life.
lithium-ion batteries:
Lithium-ion batteries are the most commonly used type of rechargeable battery. They have a higher energy density than other batteries and can be charged faster. Lithium ion is the lightest of all metals, has the highest electrochemical potential, and provides high thermal stability. These properties make it suitable to be used in portable devices such as laptops & mobiles which use a lot of power.
Application Insights:
The battery electric vehicles, commonly referred to as EVs, accounted for the largest market share of more than 50% in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing government initiatives and tax credits offered on installing hybrid cars. For instance, in November 2016, U.S.-based Tesla Motors announced a 00 USD credit offer for its customers who purchase Model S or X EVs. Furthermore, several manufacturers have also announced their plans regarding expanding their product line-up with various new vehicle types that are equipped with batteries ranging from 40 kilowatt up to 150 kilowatt hours depending upon their price points and intended applications.
EVs can be categorized into two major application segments; battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEV).
Regional Analysis:
Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. The region is expected to witness a CAGR of XX% from 2018 to 2030. This can be attributed to increasing government initiatives and investments in EV battery production facilities by countries such as China, South Korea, Japan, and India. For instance, in September 2017, China Energy Group announced plans for establishing a new lithium-ion battery plant with an investment of USD X billion at Guri i Espanol near Barcelona in Spain. The company aims at becoming operational by 2020 with an annual capacity of 300 thousand tons by 2021.
The European market held a share of more than 25% in terms of revenue owing to significant demand from key markets including Germany and France along with other countries such as Italy and U K.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% during the forecast period. This will lead to an increase in the demand for EV batteries.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles by providing various incentives such as subsidies, tax rebates, and parking privileges. This will spur the growth of the EV battery market.
- Development of advanced technologies: The development of advanced technologies such as solid-state batteries and lithium-air batteries is expected to boost the growth of the EV battery market in coming years. These technologies offer high energy density and longer life cycle than traditional lithium-ion batteries, which will lead to their increased adoption in EVs.
Scope Of The Report
Report Attributes
Report Details
Report Title
EV Battery Market Research Report
By Type
Nickel-metal hydride, lithium-ion batteries
By Application
BEV, PHEV
By Companies
Panasonic, LG Chem, BYD, Samsung SDI, Johnson Controls International PLC, GS Yuasa, Hitachi Group, Automotive Energy Supply Corporation, Blue Energy Co. Ltd, Lithium Energy Japan, Robert Bosch GmbH
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global EV Battery Market Report Segments:
The global EV Battery market is segmented on the basis of:
Types
Nickel-metal hydride, lithium-ion 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
BEV, PHEV
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
- LG Chem
- BYD
- Samsung SDI
- Johnson Controls International PLC
- GS Yuasa
- Hitachi Group
- Automotive Energy Supply Corporation
- Blue Energy Co. Ltd
- Lithium Energy Japan
- Robert Bosch GmbH
Highlights of The EV 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:
- Nickel-metal hydride
- lithium-ion batteries
- By Application:
- BEV
- PHEV
- 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 EV 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 battery is a type of rechargeable battery used in electric vehicles.
Some of the major companies in the ev battery market are Panasonic, LG Chem, BYD, Samsung SDI, Johnson Controls International PLC, GS Yuasa, Hitachi Group, Automotive Energy Supply Corporation, Blue Energy Co. Ltd, Lithium Energy Japan, Robert Bosch GmbH.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. EV 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. EV Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. EV Battery Market - Supply Chain
4.5. Global EV Battery Market Forecast
4.5.1. EV Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. EV Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. EV Battery Market Absolute $ Opportunity
5. Global EV 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. EV Battery Market Size and Volume Forecast by Type
5.3.1. Nickel-metal hydride
5.3.2. lithium-ion batteries
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global EV 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. EV Battery Market Size and Volume Forecast by Application
6.3.1. BEV
6.3.2. PHEV
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global EV 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. EV 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 EV 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. EV 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 EV Battery Demand Share Forecast, 2019-2029
9. North America EV 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 EV 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 EV Battery Market Size and Volume Forecast by Application
9.4.1. BEV
9.4.2. PHEV
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America EV Battery Market Size and Volume Forecast by Type
9.7.1. Nickel-metal hydride
9.7.2. lithium-ion 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 EV Battery Demand Share Forecast, 2019-2029
10. Latin America EV 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 EV 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 EV Battery Market Size and Volume Forecast by Application
10.4.1. BEV
10.4.2. PHEV
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America EV Battery Market Size and Volume Forecast by Type
10.7.1. Nickel-metal hydride
10.7.2. lithium-ion 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 EV Battery Demand Share Forecast, 2019-2029
11. Europe EV 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 EV 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 EV Battery Market Size and Volume Forecast by Application
11.4.1. BEV
11.4.2. PHEV
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe EV Battery Market Size and Volume Forecast by Type
11.7.1. Nickel-metal hydride
11.7.2. lithium-ion 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 Applicatio
11.10.4. By Sales Channel
11.11. Europe EV Battery Demand Share, 2019-2029
12. Asia Pacific EV 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 EV 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 EV Battery Market Size and Volume Forecast by Application
12.4.1. BEV
12.4.2. PHEV
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific EV Battery Market Size and Volume Forecast by Type
12.7.1. Nickel-metal hydride
12.7.2. lithium-ion 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 EV Battery Demand Share, 2019-2029
13. Middle East & Africa EV 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 EV 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 EV Battery Market Size and Volume Forecast by Application
13.4.1. BEV
13.4.2. PHEV
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa EV Battery Market Size and Volume Forecast by Type
13.7.1. Nickel-metal hydride
13.7.2. lithium-ion 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 EV Battery Demand Share, 2019-2029
14. Competition Landscape
14.1. Global EV Battery Market: Market Share Analysis
14.2. EV Battery Distributors and Customers
14.3. EV Battery 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. LG Chem
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BYD
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Samsung 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. Johnson Controls International PLC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. 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. Hitachi Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Automotive Energy Supply Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Blue Energy Co. Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lithium Energy Japan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Robert Bosch GmbH
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