Market Overview:
The global electric vehicles battery pack 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, rising concerns over environmental pollution, and government initiatives towards the adoption of electric vehicles. The global electric vehicles battery pack market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into lithium ion battery, NI-MH battery, and others. Lithium ion batteries are expected to account for a major share in terms of revenue in 2018 owing to their high energy density and long life cycle as compared to other types of batteries. On the basis of application, HEV (hybrid electric vehicle), PHEV (plug-in hybrid electric vehicle), EV (electric vehicle), FCV (fuel cell vehicle) are included in this study. The HEV segment accounted for a major share in 2017 due to its growing popularity among consumers owing to its fuel efficiency as compared with traditional gasoline or diesel engines powered cars/SUVs/trucks.
Product Definition:
Electric vehicles battery pack is a large battery that stores electricity. It is important because it provides power to the electric vehicle.
Lithium Ion Battery:
Lithium-ion (Li-ion) batteries are commonly used in electric vehicles and portable electronic products. They are rechargeable batteries that provide high energy density, which is expected to increase the demand for Li-ion battery in EV market over the forecast period. Growing demand for EVs along with stringent government regulations regarding emission control is expected to drive the global market growth over the next seven years.
NI-MH Battery:
The Nickel-Metal hydride (NiMH) battery and it's usage in electric vehicles are expected to witness significant growth over the forecast period. NiMH batteries have higher energy density as compared to conventional ones such as lithium ion or lead acid batteries. They also offer faster charging time, better safety, and reliability features which are expected to drive the market over the next seven years.
Application Insights:
The HEV application segment led the global electric vehicles battery pack market in 2017 and is projected to maintain its dominance over the forecast period. The segment includes passenger and heavy-duty electric vehicles (EVDs). HEVs include various types of cars, such as hybrid, plug-in hybrid (PHEV), and all-electric versions. The growing demand for EVs with a range of more than 200 km on a single charge has been one of the major factors driving product demand in this segment.
The increasing number of automotive manufacturers focusing on developing affordable green transportation solutions is expected to drive consumer interest towards EVs, thereby positively influencing product demand over the forecast period. Furthermore, government initiatives regarding emission control are anticipated to further propel industry growth during the next eight years across all regions where EV batteries are used currently as power sources for streetlights or other applications that do not require long distance travel capability.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for electric vehicles on account of rising initiatives taken by governments across various countries to reduce carbon emission and dependence on fossil fuels. China, Japan, South Korea, India are some of the prominent markets in this region.
North America held a significant market share in 2017 owing to high consumer awareness regarding environmental protection coupled with strict government regulations regarding vehicle emissions and safety standards is projected to drive industry growth over the forecast period. Europe also had a considerable market share due to growing consumer preference towards eco-friendly vehicles along with supportive government policies favoring electric cars is likely boost regional growth over the next eight years (2030).
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
- Advances in battery technology that improve performance and reduce costs
- Growing demand from consumers for environment-friendly alternatives to conventional gasoline or diesel-powered cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicles Battery Pack Market Research Report
By Type
Lithium Ion Battery, NI-MH Battery, Others
By Application
HEV, PHEV, EV, FCV
By Companies
Panasonic, AESC, PEVE, LG Chem, LEJ, Samsung SDI, Hitachi, ACCUmotive, Boston Power, BYD, Panasonic, CATL, WanXiang, 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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicles Battery Pack Market Report Segments:
The global Electric Vehicles Battery Pack market is segmented on the basis of:
Types
Lithium Ion Battery, NI-MH Battery, Others
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, EV, FCV
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
- GuoXuan High-Tech
- Pride Power
- OptimumNano
- BAK Battery
Highlights of The Electric Vehicles Battery Pack 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
- Others
- By Application:
- HEV
- PHEV
- EV
- FCV
- 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 Pack 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?
A battery pack is a collection of cells that are used to store electrical energy. The cells in a battery pack are connected together and can be charged up using an electric current.
Some of the major companies in the electric vehicles battery pack market are Panasonic, AESC, PEVE, LG Chem, LEJ, Samsung SDI, Hitachi, ACCUmotive, Boston Power, BYD, Panasonic, CATL, WanXiang, 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 Vehicles Battery Pack 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 Pack Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicles Battery Pack 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 Pack 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 Pack Market Size & Forecast, 2020-2028
4.5.1 Electric Vehicles Battery Pack Market Size and Y-o-Y Growth
4.5.2 Electric Vehicles Battery Pack 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 Others
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 EV
6.2.4 FCV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicles Battery Pack 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 Pack 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 Others
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 EV
9.10.4 FCV
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 Others
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 EV
10.10.4 FCV
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 Others
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 EV
11.10.4 FCV
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 Others
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 EV
12.10.4 FCV
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 Others
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 EV
13.10.4 FCV
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 Pack Market: Competitive Dashboard
14.2 Global Electric Vehicles Battery Pack 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
14.3.14 GuoXuan High-Tech
14.3.15 Pride Power
14.3.16 OptimumNano
14.3.17 BAK Battery
