Market Overview:
The global new energy vehicle battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs). In terms of type, lead-acid batteries are expected to dominate the market during the forecast period. However, lithium battery is projected to grow at a higher CAGR than other types of batteries during the forecast period. By application, BEV is expected to account for a larger share of the global new energy vehicle battery market than HEV during the forecast period.
Product Definition:
A new energy vehicle battery is a type of rechargeable battery used in electric vehicles. It is usually composed of lithium ion cells.
Lead-acid Batteries:
Lead-acid batteries are the most commonly used batteries across the globe. They are economical, have a high energy density and can be recycled. The key properties of lead-acid battery that make them suitable for use in electric vehicles include low self-discharge rate, durability and easy recyclability. Lead-acid battery is also known as Pb;lanthanum oxide based; SLA; or carboxylate batteries owing to their major raw materials composition.
Lithium Battery:
Lithium-ion (Li-ion) batteries are commonly used in electric vehicles (EV), portable electronic devices such as laptops and cell phones, power tools, digital cameras, etc. They are also used in the secondary or rechargeable battery pack of an EV. The growing demand for EVs is expected to have a positive impact on the lithium battery market over the next few years.
Application Insights:
The battery electric vehicles, commonly referred to as EVs, accounted for the largest market share in 2017 and are expected to expand at a CAGR of XX% over the forecast period. The growth is attributed to various government initiatives such as Low-Emission Vehicle Program (LEV) in U.S., which promotes the use of EVs and offers financial subsidies for their adoption, among others.
The HEVs segment is estimated to witness considerable growth over the forecast period owing to increasing demand from commercial sectors such as logistics and public transport buses, which require heavy-duty batteries due to increased energy consumption from advanced electronics systems including Global Positioning Systems (GPS), electronic stability control systems, lighting equipment with high power consumption ratings etcetera.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing production and sales of EVs in China, Japan, South Korea, and India. In addition, favorable government policies across various countries are expected to boost demand for new energy vehicles batteries in Asia Pacific region. For instance; China has implemented several policies such as “National New-type Vehicles Program†which is aimed at promoting sales of electric cars from 2018 to 2020.
In terms of volume consumption, North America held a significant share followed by Europe due to growing adoption across major countries including the U.S., Canada, Germany etc.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% from 2016 to 2020, according to a MarketsandMarkets research study. This growth can be attributed to the increasing environmental concerns, government initiatives encouraging the use of electric vehicles, and technological advancements in the field of electric vehicle batteries.
- Development of new battery chemistries: The development of new battery chemistries such as lithium-air and magnesium-ion is expected to drive the growth of the New Energy Vehicle Battery market in coming years. These advanced battery chemistries offer high energy density and longer life cycles as compared to traditional lithium-ion batteries, thus making them ideal for use in electric vehicles.
- Growing demand for grid storage applications: With the increasing penetration of renewable energy sources such as solar and wind power, there is an increased need for grid storage solutions that can store surplus energy during times when it is generated in excess and release it during times when it is needed most. This growing demand for grid storage will create opportunities for New Energy Vehicle Battery manufacturers in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Battery Market Research Report
By Type
Lead-acid Batteries, Lithium Battery, Others
By Application
BEV, HEV
By Companies
Panasonic, LG Chem, BYD, Samsung SDI, Johnson Controls, GS Yuasa, Hitachi Group, Automotive Energy Supply, Blue Energy, Lithium Energy Japan, Bosch, Wanxiang, Beijing Pride 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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Battery Market Report Segments:
The global New Energy Vehicle Battery market is segmented on the basis of:
Types
Lead-acid Batteries, Lithium 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
BEV, HEV
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
- GS Yuasa
- Hitachi Group
- Automotive Energy Supply
- Blue Energy
- Lithium Energy Japan
- Bosch
- Wanxiang
- Beijing Pride Power
Highlights of The New Energy Vehicle 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:
- Lead-acid Batteries
- Lithium Battery
- Others
- By Application:
- BEV
- HEV
- 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 New Energy Vehicle 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?
A New Energy Vehicle Battery is a type of battery that uses new technology to improve performance and reduce costs. These batteries are designed to be more durable and efficient, which can help make electric vehicles more affordable.
Some of the key players operating in the new energy vehicle battery market are Panasonic, LG Chem, BYD, Samsung SDI, Johnson Controls, GS Yuasa, Hitachi Group, Automotive Energy Supply, Blue Energy, Lithium Energy Japan, Bosch, Wanxiang, Beijing Pride Power.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. New Energy Vehicle 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. New Energy Vehicle Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. New Energy Vehicle Battery Market - Supply Chain
4.5. Global New Energy Vehicle Battery Market Forecast
4.5.1. New Energy Vehicle Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. New Energy Vehicle Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. New Energy Vehicle Battery Market Absolute $ Opportunity
5. Global New Energy Vehicle 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. New Energy Vehicle Battery Market Size and Volume Forecast by Type
5.3.1. Lead-acid Batteries
5.3.2. Lithium Battery
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global New Energy Vehicle 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. New Energy Vehicle Battery Market Size and Volume Forecast by Application
6.3.1. BEV
6.3.2. HEV
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global New Energy Vehicle 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. New Energy Vehicle 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 New Energy Vehicle 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. New Energy Vehicle 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 New Energy Vehicle Battery Demand Share Forecast, 2019-2029
9. North America New Energy Vehicle 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 New Energy Vehicle 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 New Energy Vehicle Battery Market Size and Volume Forecast by Application
9.4.1. BEV
9.4.2. HEV
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America New Energy Vehicle Battery Market Size and Volume Forecast by Type
9.7.1. Lead-acid Batteries
9.7.2. Lithium Battery
9.7.3. Others
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 New Energy Vehicle Battery Demand Share Forecast, 2019-2029
10. Latin America New Energy Vehicle 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 New Energy Vehicle 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 New Energy Vehicle Battery Market Size and Volume Forecast by Application
10.4.1. BEV
10.4.2. HEV
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America New Energy Vehicle Battery Market Size and Volume Forecast by Type
10.7.1. Lead-acid Batteries
10.7.2. Lithium Battery
10.7.3. Others
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 New Energy Vehicle Battery Demand Share Forecast, 2019-2029
11. Europe New Energy Vehicle 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 New Energy Vehicle 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 New Energy Vehicle Battery Market Size and Volume Forecast by Application
11.4.1. BEV
11.4.2. HEV
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe New Energy Vehicle Battery Market Size and Volume Forecast by Type
11.7.1. Lead-acid Batteries
11.7.2. Lithium Battery
11.7.3. Others
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 Application
11.10.4. By Sales Channel
11.11. Europe New Energy Vehicle Battery Demand Share, 2019-2029
12. Asia Pacific New Energy Vehicle 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 New Energy Vehicle 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 New Energy Vehicle Battery Market Size and Volume Forecast by Application
12.4.1. BEV
12.4.2. HEV
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific New Energy Vehicle Battery Market Size and Volume Forecast by Type
12.7.1. Lead-acid Batteries
12.7.2. Lithium Battery
12.7.3. Others
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 New Energy Vehicle Battery Demand Share, 2019-2029
13. Middle East & Africa New Energy Vehicle 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 New Energy Vehicle 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 New Energy Vehicle Battery Market Size and Volume Forecast by Application
13.4.1. BEV
13.4.2. HEV
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa New Energy Vehicle Battery Market Size and Volume Forecast by Type
13.7.1. Lead-acid Batteries
13.7.2. Lithium Battery
13.7.3. Others
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 New Energy Vehicle Battery Demand Share, 2019-2029
14. Competition Landscape
14.1. Global New Energy Vehicle Battery Market: Market Share Analysis
14.2. New Energy Vehicle Battery Distributors and Customers
14.3. New Energy Vehicle 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
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
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
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. Bosch
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wanxiang
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Beijing Pride Power
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
