Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global New Energy Vehicle Battery Market by Type (Lead-acid Batteries, Lithium Battery, Others), By Application (BEV, HEV) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global New Energy Vehicle Battery Market by Type (Lead-acid Batteries, Lithium Battery, Others), By Application (BEV, HEV) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 136422 3300 Automobile & Transportation 377 242 Pages 4.5 (49)

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.

Global New Energy Vehicle Battery Industry Outlook

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


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


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 New Energy Vehicle Battery Market Report Segments:

The global New Energy Vehicle Battery market is segmented on the basis of:


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.



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
  6. GS Yuasa
  7. Hitachi Group
  8. Automotive Energy Supply
  9. Blue Energy
  10. Lithium Energy Japan
  11. Bosch
  12. Wanxiang
  13. Beijing Pride Power

Global New Energy Vehicle Battery Market Overview

Highlights of The New Energy Vehicle 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. Lead-acid Batteries
    2. Lithium Battery
    3. Others
  1. By Application:

    1. BEV
    2. HEV
  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 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

Global New Energy Vehicle 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?

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 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 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 Overview Financials Developments Strategic Outlook
      14.4.9. Blue Energy Overview Financials Developments Strategic Outlook
      14.4.10. Lithium Energy Japan Overview Financials Developments Strategic Outlook
      14.4.11. Bosch Overview Financials Developments Strategic Outlook
      14.4.12. Wanxiang Overview Financials Developments Strategic Outlook
      14.4.13. Beijing Pride Power 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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