Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global EV Battery Market by Type (Nickel-metal hydride, lithium-ion batteries), By Application (BEV, PHEV) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global EV Battery Market by Type (Nickel-metal hydride, lithium-ion batteries), By Application (BEV, PHEV) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 136424 3300 Chemical & Material 377 250 Pages 4.9 (31)

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.

Global EV Battery Industry Outlook

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


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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.



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:

  1. Panasonic
  2. LG Chem
  3. BYD
  4. Samsung SDI
  5. Johnson Controls International PLC
  6. GS Yuasa
  7. Hitachi Group
  8. Automotive Energy Supply Corporation
  9. Blue Energy Co. Ltd
  10. Lithium Energy Japan
  11. Robert Bosch GmbH

Global EV Battery Market Overview

Highlights of The EV Battery Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Nickel-metal hydride
    2. lithium-ion batteries
  1. By Application:

    1. BEV
    2. PHEV
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global EV Battery Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. LG Chem Overview Financials Developments Strategic Outlook
      14.4.3. BYD Overview Financials Developments Strategic Outlook
      14.4.4. Samsung SDI Overview Financials Developments Strategic Outlook
      14.4.5. Johnson Controls International PLC Overview Financials Developments Strategic Outlook
      14.4.6. GS Yuasa Overview Financials Developments Strategic Outlook
      14.4.7. Hitachi Group Overview Financials Developments Strategic Outlook
      14.4.8. Automotive Energy Supply Corporation Overview Financials Developments Strategic Outlook
      14.4.9. Blue Energy Co. Ltd Overview Financials Developments Strategic Outlook
      14.4.10. Lithium Energy Japan Overview Financials Developments Strategic Outlook
      14.4.11. Robert Bosch GmbH Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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