Market Overview:
The global electric car 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. Electric vehicles are powered by batteries and these batteries need to be replaced after a certain number of charging cycles. The lithium ion battery is expected to dominate the global electric car battery market during the forecast period owing to its high energy density and long life cycle. However, fuel cells are also gaining traction in the market as they have high power density and low emissions.
Product Definition:
Electric car battery is a storage device for electric energy used in electric cars. It is rechargeable and typically uses lithium ion cells. Electric car batteries are important for powering electric cars and helping reduce emissions from vehicles.
Lithium Ion Battery:
Lithium-ion (Li-ion) batteries are commonly used in electric vehicles (EVs), power tools, consumer electronics, and other applications. They are rechargeable batteries that provide high energy density and have a long life span. These batteries can be categorized on the basis of their sizes as small lithium-ion battery (SLI) and large lithium-ion battery (LLB).
NI-MH Battery:
Nickel-metal hydride (NiMH) battery is a type of rechargeable battery which uses the combination of hydrogen and metal as its cathode. It has been developed to replace the conventional lithium-ion batteries used in portable devices such as digital cameras, camcorders, and cell phones. The growing demand for hybrid electric vehicles is expected to drive market growth over the forecast period.
Application Insights:
The HEV application segment led the global electric car battery market in 2017 and is projected to maintain its dominance over the forecast period. The segment includes passenger and heavy-duty electric vehicles (EVDs). The demand for such batteries in this application is primarily driven by factors such as increasing number of automotive manufacturers across the globe, growing sales of gasoline-powered cars, rising consumer preference for comfort and convenience among vehicle owners, government incentives to promote sales of EVs, etc.
The FCEV application segment accounted for a significant share in 2017 owing to increased R&D investments by major automotive companies toward development of cost-effective solutions pertaining to energy storage systems along with an increase in product prices witnessed since 2016. This has resulted into increased adoption of these batteries across various applications including powertrain components within commercial vehicles that run on diesel or petrol fuel as well as those operating on biofuel blends like ethanol or biodiesel.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for electric cars, which, in turn, has been fueling the growth of this market. China is considered as one of the key countries contributing to regional growth owing to factors such as low cost of production and high consumer willingness to pay.
North America held a significant share in 2017 owing to increased sales of electric cars across U.S., Canada and Mexico since past few years along with supportive government policies regarding carbon emission reduction associated with these vehicles. Europe also contributed significantly towards global industry expansion due to growing focus on developing innovative technologies by major companies operating within this region including Volvo Car Corp.
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 use of electric vehicles through various initiatives and subsidies. 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 has been declining rapidly over the past few years due to advancements in technology and increased production volumes. This is expected to further drive the adoption of electric vehicles in coming years.
- . Improved charging infrastructure: The development of charging infrastructure is crucial for wider adoption of electric vehicles as it enables easy charging access for drivers anywhere they go . Several governments and private companies are investing heavily in this area which is likely to result in improved infrastructure over time . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Car Battery Market Research Report
By Type
Lithium Ion Battery, NI-MH Battery, Fuel battery
By Application
HEV, PHEV, BEV, FCEV
By Companies
Panasonic, AESC, PEVE, LG Chem, LEJ, Samsung SDI, Hitachi, ACCUmotive, Boston Power, BYD, Panasonic, CATL, WanXiang(A123 Systems), GuoXuan High-Tech, Pride Power, OptimumNano, BAK Battery
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Electric Car Battery Market Report Segments:
The global Electric Car Battery market is segmented on the basis of:
Types
Lithium Ion Battery, NI-MH Battery, Fuel 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
HEV, PHEV, BEV, FCEV
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
- AESC
- PEVE
- LG Chem
- LEJ
- Samsung SDI
- Hitachi
- ACCUmotive
- Boston Power
- BYD
- Panasonic
- CATL
- WanXiang(A123 Systems)
- GuoXuan High-Tech
- Pride Power
- OptimumNano
- BAK Battery
Highlights of The Electric Car 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 Battery
- NI-MH Battery
- Fuel battery
- By Application:
- HEV
- PHEV
- BEV
- FCEV
- 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 Car 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 car battery is a type of rechargeable battery used in electric vehicles. Electric car batteries are typically larger and more powerful than the batteries used in regular cars, and they need to be charged regularly.
Some of the major companies in the electric car battery market are Panasonic, AESC, PEVE, LG Chem, LEJ, Samsung SDI, Hitachi, ACCUmotive, Boston Power, BYD, Panasonic, CATL, WanXiang(A123 Systems), GuoXuan High-Tech, Pride Power, OptimumNano, BAK Battery.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Car Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Car Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Car Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Car Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Car Battery Market Size & Forecast, 2020-2028
4.5.1 Electric Car Battery Market Size and Y-o-Y Growth
4.5.2 Electric Car Battery Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lithium Ion Battery
5.2.2 NI-MH Battery
5.2.3 Fuel battery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 HEV
6.2.2 PHEV
6.2.3 BEV
6.2.4 FCEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Car Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Car Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lithium Ion Battery
9.6.2 NI-MH Battery
9.6.3 Fuel battery
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 HEV
9.10.2 PHEV
9.10.3 BEV
9.10.4 FCEV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lithium Ion Battery
10.6.2 NI-MH Battery
10.6.3 Fuel battery
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 HEV
10.10.2 PHEV
10.10.3 BEV
10.10.4 FCEV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lithium Ion Battery
11.6.2 NI-MH Battery
11.6.3 Fuel battery
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 HEV
11.10.2 PHEV
11.10.3 BEV
11.10.4 FCEV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lithium Ion Battery
12.6.2 NI-MH Battery
12.6.3 Fuel battery
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 HEV
12.10.2 PHEV
12.10.3 BEV
12.10.4 FCEV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lithium Ion Battery
13.6.2 NI-MH Battery
13.6.3 Fuel battery
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 HEV
13.10.2 PHEV
13.10.3 BEV
13.10.4 FCEV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Car Battery Market: Competitive Dashboard
14.2 Global Electric Car Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 AESC
14.3.3 PEVE
14.3.4 LG Chem
14.3.5 LEJ
14.3.6 Samsung SDI
14.3.7 Hitachi
14.3.8 ACCUmotive
14.3.9 Boston Power
14.3.10 BYD
14.3.11 Panasonic
14.3.12 CATL
14.3.13 WanXiang(A123 Systems)
14.3.14 GuoXuan High-Tech
14.3.15 Pride Power
14.3.16 OptimumNano
14.3.17 BAK Battery
