Market Overview:
The global electric vehicles 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. Additionally, factors such as technological advancements and rising awareness about environment-friendly transportation are also contributing to the growth of this market. The global electric vehicles battery market is segmented on the basis of type, application and region. On the basis of type, lithium ion batteries accounted for a major share in 2017 and are expected to continue its dominance during the forecast period. This can be attributed to their high energy density which makes them suitable for use in electric vehicles. However, nickel-metal hydride batteries are also gaining popularity due their low cost and longer life cycle as compared with lithium ion batteries. On the basis of application, HEVs held a dominant share in 2017 and are expected to maintain its lead duringthe forecast period owingto government initiatives towards promoting environment-friendly transportation options across various countries worldwide . BEVs are witnessing rapid adoption due mainly tobenefits such as lower running costsand no emissions .
Product Definition:
Electric vehicles battery refers to the battery used in electric vehicles. It is an important component of electric vehicles, which mainly realizes power supply for electric vehicle and drives the motor.
Lithium Ion Battery:
Lithium-ion (Li-ion) batteries are commonly used in portable electronic devices such as smartphones, tablets, and e-readers. They are also used in electric vehicles (EV), power tools, digital cameras, and other applications where high power is required but a small weight constraint exists.
NI-MH Battery:
The Nickel-Metal hydride (NiMH) battery is a rechargeable battery which uses the combination of hydrogen and metal oxide as an electrolyte. It was developed in Japan in the early 1990s and was initially used for consumer electronic products such as cameras, mobile phones, etc.
Application Insights:
The HEV segment dominated the global electric vehicles battery market in 2017 and is expected to witness significant growth over the forecast period. The segment includes hybrid electric vehicles, which use a combination of both internal combustion engine and batteries. The usage of batteries in HEVs provides better range compared to that provided by gasoline engines, as they are designed with a larger capacity.
The growing preference for using hybrid technology over other fuel-efficient technologies such as diesel or petrol engines has resulted in an increased demand for electric vehicle batteries across the globe. Government initiatives such as tax incentives offered on purchasing EVs are expected to further boost product demand from 2018 to 2030. For instance, Incentive Program for Electric Vehicles (IPEV) launched by the Chinese government offers subsidies up to USD 15,000 depending upon its battery size along with free parking and charging facilities at designated areas across China since 2017.
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 is anticipated to witness a CAGR of XX% from 2018 to 2030. This can be attributed to increasing government initiatives, growing disposable income levels, and expanding consumer base in China and India. Moreover, favorable government policies such as tax benefits on EVs are also expected to drive demand across this region during the forecast period.
China was at the forefront of electric vehicles battery production owing to low labor cost coupled with easy availability of raw materials such as lithium which is a key component used in EV batteries production process. However, recently Tesla Inc.
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising awareness about the benefits of electric vehicles over traditional petrol or diesel-powered vehicles
- Development of advanced and more efficient battery technologies 5. Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicles Battery Market Research Report
By Type
Lithium Ion Battery, NI-MH Battery, Other Battery
By Application
HEVs, BEVs
By Companies
BYD, Panasonic, CATL, OptimumNano, LG Chem, GuoXuan, Lishen, PEVE, AESC, Samsung, Lithium Energy Japan, Beijing Pride Power, BAK Battery, WanXiang, Hitachi, ACCUmotive, Boston Power
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicles Battery Market Report Segments:
The global Electric Vehicles Battery market is segmented on the basis of:
Types
Lithium Ion Battery, NI-MH Battery, Other 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
HEVs, BEVs
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:
- BYD
- Panasonic
- CATL
- OptimumNano
- LG Chem
- GuoXuan
- Lishen
- PEVE
- AESC
- Samsung
- Lithium Energy Japan
- Beijing Pride Power
- BAK Battery
- WanXiang
- Hitachi
- ACCUmotive
- Boston Power
Highlights of The Electric Vehicles 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
- Other Battery
- By Application:
- HEVs
- BEVs
- 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 Vehicles 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 players in the electric vehicles battery market are BYD, Panasonic, CATL, OptimumNano, LG Chem, GuoXuan, Lishen, PEVE, AESC, Samsung, Lithium Energy Japan, Beijing Pride Power, BAK Battery, WanXiang, Hitachi, ACCUmotive, Boston Power.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicles 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 Vehicles Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicles 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 Vehicles 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 Vehicles Battery Market Size & Forecast, 2020-2028
4.5.1 Electric Vehicles Battery Market Size and Y-o-Y Growth
4.5.2 Electric Vehicles 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 Other 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 HEVs
6.2.2 BEVs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicles 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 Vehicles 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 Other 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 HEVs
9.10.2 BEVs
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 Other 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 HEVs
10.10.2 BEVs
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 Other 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 HEVs
11.10.2 BEVs
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 Other 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 HEVs
12.10.2 BEVs
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 Other 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 HEVs
13.10.2 BEVs
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 Vehicles Battery Market: Competitive Dashboard
14.2 Global Electric Vehicles Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYD
14.3.2 Panasonic
14.3.3 CATL
14.3.4 OptimumNano
14.3.5 LG Chem
14.3.6 GuoXuan
14.3.7 Lishen
14.3.8 PEVE
14.3.9 AESC
14.3.10 Samsung
14.3.11 Lithium Energy Japan
14.3.12 Beijing Pride Power
14.3.13 BAK Battery
14.3.14 WanXiang
14.3.15 Hitachi
14.3.16 ACCUmotive
14.3.17 Boston Power
