Electric Vehicle Battery Market – Global Industry Analysis and Forecast (2024-2030)

Electric Vehicle Battery Market size was valued at USD 289.36 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 27.2 % through 2024 to 2030, reaching nearly USD 1558.15 Bn. A rechargeable battery used to power the electric motors of a battery electric vehicle (BEV) or hybrid electric vehicle is known as an electric vehicle battery (EVB) (HEV). They are typically lithium-ion batteries with a high electric charge (or energy) capacity. Electric vehicle batteries differ from starting, lights, and ignition (SLI) batteries in that they are deep-cycle batteries that are meant to provide power for extended periods of time. Electric car batteries are distinguished by their relatively high power-to-weight ratio, specific energy, and energy density; smaller, lighter batteries are preferred since they lower vehicle weight and hence increase performance. Most contemporary battery technologies have substantially lower specific energy when compared to liquid fuels, which frequently affects the maximum all-electric range of the vehicles. Demands from portable devices, laptop computers, mobile phones, and power tools have propelled developments in lithium-ion battery technology since the late 1990s. These advancements in performance and energy density have benefited the BEV and HEV markets. Unlike previous battery chemistries, such as nickel-cadmium, lithium-ion batteries may be drained and recharged on a regular basis and at any charge level. The battery pack accounts for a large portion of the cost of a BEV or HEV. The cost of electric car batteries has reduced 87% since 2010 on a per kilowatt-hour basis as of December 2019. Vehicles with more than 250 miles (400 kilometres) of all-electric range, such as the Tesla Model S, have been marketed and are currently available in a variety of vehicle sectors. In terms of operational expenses, the cost of electricity to power a BEV is a small fraction of the cost of gasoline for comparable internal combustion engines, indicating superior energy efficiency.Electric Vehicle Battery MarketTo know about the Research Methodology :- Request Free Sample Report

Research Methodology

The research report highly depends on both primary and secondary data sources. The research process involves the investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges. All conceivable elements influencing the markets included in this research study have been considered, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalised, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast. This data is combined and added with detailed inputs and analysis, and presented in the report. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive market engineering and calculations for market statistics; market size estimations; market forecasts; market breakdown; and data triangulation. Bottom-up technique is widely employed in the whole market engineering process, along with multiple data triangulation methodologies, to perform market estimation and forecasting for the overall market segments and sub-segments covered in this research.

Electric Vehicle Battery Market Dynamics

Battery Value-Chain Opportunity: Because of their importance in electrifying mobility and balancing power grids, batteries are emerging as a vital component in the transition to a more sustainable future. In a world grappling with climate change, battery use is more than just an opportunity to reduce vehicular CO2 and NO2 emissions; scaling up production of battery-cell manufacturing capacity also offers significant value-creation opportunities for manufacturers, creates new jobs that pay well, and supports national economic growth. The market might expand if the sector follows in the footsteps of other renewable technologies such as solar and wind and enters a virtuous cycle in which higher scale drives down prices, accelerating development in the electric vehicle market (EVs). The rapid increase in demand would lead to the development of additional capacity along the entire value chain. A new battery manufacturing factory with a total capacity of 30 to 40 gigatonnes of electricity (GWh) per year might directly produce up to 3,200 jobs (exhibit). A comparable number of employment might be created indirectly through suppliers and construction, as well as the food and basic-services industries. As a result, battery production might contribute significantly to GDP development, particularly if an ecosystem of associated companies emerges. This comes at a time when the automotive industry's shift to EVs has generated concerns about job losses in vehicle manufacture and internal-combustion engine production. The most promising prospects may be found in Europe and North America, which have relatively young markets but are expected to be sites of significant future EV growth. By contrast, the battery value chain is well established in China, the world’s biggest market for EVs, and South Korea. Companies Investing in Manufacturing Plants: The most crucial phase in the battery value chain, cell production, is expected to contribute for up to 40% of battery-industry value generation by 2030. Manufacturers are investing billions of dollars in new battery-cell manufacturing facilities. If demand for battery cells rises at a rate of roughly 30% per year, the equivalent of about 90 more gigafactories as we know them now will be required globally over the next ten years. It can cause delays, as it did lately for certain Asian corporations constructing new plants in Europe. Securing finance, completing a billion-dollar project on time, attracting the proper expertise, and training hundreds of workers are all challenges. Other possible challenges include acquiring the capacity of capable machinery manufacturers, as well as certifying and building a supply chain. There are now six or seven at-scale cell producers with ten years or more of experience, considerable volumes, and operations in many countries. Customers desire alternatives for buying batteries, but usually just three or four, therefore ten to fifteen vendors should be plenty to satisfy the global market. The market is expected to consolidate during the forecast period, as more than 15 manufacturers have already indicated their intention to commence cell manufacturing in Europe alone. Major Car Companies Launching EV Vehicle: The electric vehicle market is rapidly developing across the world. As the demand for EVs grows, major automobile manufacturers are entering the market. Several major manufacturers, including Toyota, Tata Motors, Mercedes-Benz, and Hyundai, are developing electric car models to strengthen their standing in the market. Because of major manufacturers' interest in the industry, electric car development is expected to increase in the near future. The ferromagnetic blue metal is a key component of rechargeable batteries, and it is valued for its stability, hardness, anti-corrosion, and high-temperature resistance. The global cobalt sector has profited from the global transition to a green economy. Cobalt is also used to make nickel-based alloys (13% of total consumption), which are widely used in the aerospace sector, tool manufacture (8% of total consumption), and, in smaller amounts, pigments, soaps, and catalysts. Smartphones and laptops account for 36.3 percent of global offtake, while automotive applications account for 23%. Increasing Consumer Preference for Battery Switching & BaaS: Battery switching and battery-as-a-service (BaaS) are two business concepts that enable consumers to replace/swap EV batteries after they have been depleted. This saves consumers time recharging the batteries, increases customer satisfaction, and addresses one of the primary reasons people do not purchase electric vehicles. The BaaS technique, which isolates the battery from the vehicle, is used by several Chinese electric car battery manufacturers, notably NIO. Rather of purchasing a battery along with the vehicle, the BaaS model allows EV owners to rent battery services on a monthly basis. The strategy benefits consumers in two ways: it saves money on battery expenditures and eliminates the need to worry about battery degradation. Introduction of Electro Mobility & Increase in EV Manufacturing: The market for EV batteries has shown persistent high growth rates in recent years, owing to the introduction of electro mobility and the subsequent increase in EV manufacturing. Global EV battery manufacturers, for example, are predicted to generate 30 gigatonne-hours of storage capacity in 2020, roughly 60% more than the previous year, a trend that is likely to continue. China began to expand after the first two months of 2020, and Tesla was able to continue producing during the pandemic. Concerns about the negative consequences of climate change and growing carbon emissions in major cities have fueled a surge in demand for electric vehicles. The EV30-30 Scenario seeks to boost the market share of electric cars (EVs) to 30% by 2030. (excluding two- and three-wheelers). Over the forecast period, supporting government initiatives to promote electric car sales are expected to boost demand for EV batteries. Withdrawal of Purchase Subsidies: Purchase subsidies have been withdrawn in key markets such as China and France. The Chinese Ministry of Finance, for example, declared plans to cut electric car subsidies in half in 2019, 20% in 2021, and 30% in 2022. Vehicles used for public transit and those costing less than USD 42,000, on the other hand, would continue to receive subsidies, with the new law mostly impacting luxury automakers. Because the Chinese Ministry of Finance only provides subsidies for vehicles with big battery capacities, EV battery producers must either provide high-capacity batteries to car manufacturers or cut battery prices in order to maintain the whole cost of a vehicle within the approved range. Safety Concerns of Electric Vehicle Battery: Most electric car batteries are regarded safe because they are subjected to a battery of testing before being used. However, a number of events, including the recall of 68,000 Chevrolet EV Bolts owing to five battery-related fires, have raised concerns about the battery's safety. Combustible materials such as lithium, manganese, and polymers are used in electric car batteries. When lithium comes into contact with water, it becomes very reactive. As a result, there are concerns regarding the performance and safety of these batteries in hot or moist environments. According to the National Fire Protection Association (NFPA) of the United States, the majority of EV fires in the country between 2019 and 2022 were caused by battery power systems.

Electric Vehicle Battery Market Segment Analysis

Based on Propulsion Type, the market is sub-segmented into Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle. The BEV segment led the market in 2023, and it is expected to continue to do so during the forecast period. PHEVs, on the other hand, are expected to expand at the quickest rate during the forecast period. Because of fuel efficiency limits, the BEV sector is expected to gain significant traction in emerging markets. The battery of a PHEV can be recharged using an external source of energy as well as the on-board engine and generator, whereas the battery of a BEV is entirely reliant on rechargeable battery packs. China has been the greatest market for battery electric car sales and manufacturing (BEVs). The growing popularity of small battery electric cars with battery packs is expected to drive the electric vehicle battery sector ahead. In response to growing demand, vendors are scaling up battery manufacturing while also striving to enhance margins and preserve price competitiveness. Based on Battery Type, the market is sub-segmented into Lead Acid Battery, Nickel Metal Hydride Battery, Lithium ion Battery. In 2023, the lithium-ion industry held the biggest market share. Lithium-ion batteries are used when low weight and high energy density are required. These batteries are extensively used in automotive applications, including electric and hybrid cars, due to their high energy density per weight. Adequate EV charging infrastructure is important for e-mobility adoption and bodes well for lithium-ion battery sales growth. Based on Vehicle Type, the market is divided into Passenger Vehicle, Commercial Vehicle. Because of the high rate of EV adoption in China, the passenger vehicle category is expected to lead the EV battery market in Asia Pacific. In 2023, the area planned utilising 61 percent of all cobalt used globally in EV batteries, an increase of more than 50% over 2018. (Image courtesy of the USGS National Minerals Information Center.) This rise is the result of Chinese cell vendors shifting from lithium to cobalt-bearing NCM cathodes. Panasonic, a significant battery supplier to OEMs including Tesla and Toyota, deployed more lithium batteries in 2019 than all of its competitors combined. In 2019, CATL boosted its lithium battery deployment to 4,800 tonnes over the previous year. CATL also successfully completed and passed all safety tests on its liquid cooling battery energy storage system (BESS) based on lithium iron phosphate (LFP) in 2020.

Electric Vehicle Battery Market Regional Insights

Asia Pacific is the largest region for EV battery and is expected to witness faster growth over the forecast period owing to the rising demand for electric vehicles due to urbanization and purchasing power across several countries such as China, India, Malaysia, and Japan. In addition, the government's emphasis on the conversion of two and three-wheelers into electric vehicles is expected to drive demand over the forecast period. Battery concentration is highly concentrated in China owing to the low maintenance and labor costs, ultimately boosting the market’s growth in the region. Furthermore, the presence of product manufacturers, such as Contemporary Amperex Technology Co., Ltd. (CATL); LG Energy Solution; BYD Company Ltd.; Panasonic Corp.; and Samsung SDI Co., Ltd.; supports the market growth. The North America and Europe are expected to witness significant growth during the forecast period. The strict government regulations regarding the emissions and adoption of electric vehicles, high disposable income, and increased consumer awareness regarding the benefits of electric vehicles, high environment consciousness, and presence of top auto manufacturers in the region are the major factors that are expected to have a significant impact on the growth of the EV battery market in the foreseeable future. The increased demand for sustainable products among consumers and increased adoption of advanced technologies is supporting the growth of the market in these regions. Some prominent electric vehicle manufacturers, including Ford Motor Company, Bayerische Motoren Werke AG, and TeslaMotor Inc., are based in the U.S. and Germany. Therefore, the U.S. and Germany have taken the lead in producing and selling electric vehicle batteries. Moreover, electric car development is intensifying competition among market companies to deliver improved and more cost-effective solutions. The intense market competition bodes well for market growth.

Report Scope:

The Electric Vehicle Battery Market research report includes product categorization, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, and the most recent dynamic analysis, among other things. The study discusses the global market's drivers, opportunities, and limitations. It discusses the influence of various drivers, trends, and constraints on market demand during the forecast period. The research also outlines market potential on a global scale. The research includes the production time, base distribution, technical characteristics, research and development trends, technology sources, and raw material sources of significant Electric Vehicle Battery Market firms in terms of production bases and technologies. The more precise research also contains the key application areas of market and consumption, significant regions and consumption, major producers, distributors, raw material suppliers, equipment providers, and their contact information, as well as an analysis of the industry chain relationship. This report's study also contains product specifications, manufacturing processes, cost structure, and data information organised by area, technology, and application.

Electric Vehicle Battery Industry EcosystemElectric Vehicle Battery Industry Ecosystem Snapshot

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Electric Vehicle Battery Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 289.36 Bn
Forecast Period 2024 to 2030 CAGR: 27.19% Market Size in 2030: USD 1558.15 Bn
Segments Covered: by Propulsion Type Battery Electric Vehicle Hybrid Electric Vehicle Plug-in Hybrid Electric Vehicle
by Battery Type Lead Acid Battery Nickel Metal Hydride Battery Lithium ion Battery
by Vehicle Type Passenger Vehicle Commercial Vehicle
by Voltage Type Retail & Consumer Goods Healthcare & Life Sciences Others

Electric Vehicle Battery Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Electric Vehicle Battery Market Key Players

1. Tesla Inc. 2. BYD Company Limited 3. Volkswagen AG 4. General Motors 5. Samsung SDI 6. Automotive Energy Supply Corporation 7. LG Chem. 8. Panasonic Corporation 9. GS Yuasa International 10.AESC 11.Mitsubishi 12.Wanxiang 13.Beijing Pride Power 14.Tianneng 15.SB LiMotive 16.Quallion 17.Boston-Power 18.Energy Supply Corporation 19.Johnson Controls International 20.Narada Power Source 21.Crown Battery Corporation 22.Hitachi Chemical Company 23.CATL 24.Contemporary Amperex Technology Co. Ltd 25.ATLASBX Co. 26.Sony 27.NEC Corporation

Frequently Asked Questions:

1) What was the market size of Global Electric Vehicle Battery Market in 2023? Ans. Global Electric Vehicle Battery Market was worth US$ 289.36 Bn in 2023. 2) What is the market segment of Global Electric Vehicle Battery Market? Ans. The market segments are based on Propulsion type, Battery type, Vehicle type and Voltage. 3) What is forecast period consider for Global Electric Vehicle Battery Market? Ans. The forecast period for Global Electric Vehicle Battery Market is 2024 to 2030. 4) What is the market size of Global Electric Vehicle Battery Market in 2030? Ans. Global Electric Vehicle Battery Market size is estimated at US $ 1558.15 Bn in 2030. 5) Which region is dominated in Global Electric Vehicle Battery Market? Ans. In 2023, Asia Pacific region dominated the Global Electric Vehicle Battery Market
1. Electric Vehicle Battery Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Electric Vehicle Battery Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.4.1. Main suppliers and their market positioning 2.4.2. Key customers and adoption rates across different sectors 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Propulsion Type Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Key Development 2.5.6. Geographic distribution of major customers 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Mergers and Acquisitions Details 3. Electric Vehicle Battery Market: Dynamics 3.1. Electric Vehicle Battery Market Trends 3.2. Electric Vehicle Battery Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. Ecosystem Analysis 3.3.1. Key components in market 3.3.2. Raw material suppliers 3.3.3. Battery manufacturers 3.3.4. Battery recycling companies 3.4. Pricing Analysis 3.4.1. Average selling price, by region 3.4.2. Average selling price, by raw material 3.5. Technology Analysis 3.5.1. Improvements in battery composition 3.5.2. Advancements in battery charge rate 3.5.3. Battery related services 3.5.4. Battery optimization 3.5.5. Lithium sulphur batteries 3.5.6. Saltwater battery 3.5.7. Cell to pack technology 3.5.8. Cell to chassis battery technology 3.5.9. AB battery system 3.5.10. Recycling and second life battery 3.5.11. Sodium ion battery 3.6. PORTER’s Five Forces Analysis 3.6.1. Intensity of the Rivalry 3.6.2. Threat of New Entrants 3.6.3. Bargaining Power of Suppliers 3.6.4. Bargaining Power of Buyers 3.6.5. Threat of Substitutes 3.7. Trade data analysis 3.7.1. Trade data for motor vehicles in 2023 3.8. Lithium mining investments 3.9. Trends and disruptions impacting customer business 3.10. Key conferences and events , 2023-2024 3.11. Key stakeholders and buying criteria 3.11.1. Key stakeholders In buying process 3.11.2. Influence of key stakeholders on buying 3.11.3. Buying criteria 3.12. Regulatory Landscape by Region 3.12.1. North America 3.12.2. Europe 3.12.3. Asia Pacific 3.12.4. South America 3.12.5. MEA 4. Electric Vehicle Battery Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn) (2023-2030) 4.1. Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 4.1.1. Battery Electric Vehicle 4.1.2. Hybrid Electric Vehicle 4.1.3. Plug-in Hybrid Electric Vehicle 4.2. Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 4.2.1. Lead Acid Battery 4.2.2. Nickel Metal Hydride Battery 4.2.3. Lithium ion Battery 4.3. Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 4.3.1. Passenger Vehicle 4.3.2. Commercial Vehicle 4.4. Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 4.4.1. Retail & Consumer Goods 4.4.2. Healthcare & Life Sciences 4.4.3. Others 5. North America Electric Vehicle Battery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 5.1.1. Battery Electric Vehicle 5.1.2. Hybrid Electric Vehicle 5.1.3. Plug-in Hybrid Electric Vehicle 5.2. North America Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 5.2.1. Lead Acid Battery 5.2.2. Nickel Metal Hydride Battery 5.2.3. Lithium ion Battery 5.3. North America Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 5.3.1. Passenger Vehicle 5.3.2. Commercial Vehicle 5.4. North America Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 5.4.1. Retail & Consumer Goods 5.4.2. Healthcare & Life Sciences 5.4.3. Others 5.5. North America Electric Vehicle Battery Market Size and Forecast, by Country (2023-2030) 5.5.1. United States 5.5.1.1. United States Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 5.5.1.1.1. Battery Electric Vehicle 5.5.1.1.2. Hybrid Electric Vehicle 5.5.1.1.3. Plug-in Hybrid Electric Vehicle 5.5.1.2. United States Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 5.5.1.2.1. Lead Acid Battery 5.5.1.2.2. Nickel Metal Hydride Battery 5.5.1.2.3. Lithium ion Battery 5.5.1.3. United States Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.1.3.1. Passenger Vehicle 5.5.1.3.2. Commercial Vehicle 5.5.1.4. United States Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 5.5.1.4.1. Retail & Consumer Goods 5.5.1.4.2. Healthcare & Life Sciences 5.5.1.4.3. Others 5.5.2. Canada 5.5.2.1. Canada Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 5.5.2.1.1. Battery Electric Vehicle 5.5.2.1.2. Hybrid Electric Vehicle 5.5.2.1.3. Plug-in Hybrid Electric Vehicle 5.5.2.2. Canada Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 5.5.2.2.1. Lead Acid Battery 5.5.2.2.2. Nickel Metal Hydride Battery 5.5.2.2.3. Lithium ion Battery 5.5.2.3. Canada Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.2.3.1. Passenger Vehicle 5.5.2.3.2. Commercial Vehicle 5.5.2.4. Canada Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 5.5.2.4.1. Retail & Consumer Goods 5.5.2.4.2. Healthcare & Life Sciences 5.5.2.4.3. Others 5.5.3. Mexico 5.5.3.1. Mexico Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 5.5.3.1.1. Battery Electric Vehicle 5.5.3.1.2. Hybrid Electric Vehicle 5.5.3.1.3. Plug-in Hybrid Electric Vehicle 5.5.3.2. Mexico Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 5.5.3.2.1. Lead Acid Battery 5.5.3.2.2. Nickel Metal Hydride Battery 5.5.3.2.3. Lithium ion Battery 5.5.3.3. Mexico Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.3.3.1. Passenger Vehicle 5.5.3.3.2. Commercial Vehicle 5.5.3.4. Mexico Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 5.5.3.4.1. Retail & Consumer Goods 5.5.3.4.2. Healthcare & Life Sciences 5.5.3.4.3. Others 6. Europe Electric Vehicle Battery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.2. Europe Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.3. Europe Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.4. Europe Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 6.5. Europe Electric Vehicle Battery Market Size and Forecast, by Country (2023-2030) 6.5.1. United Kingdom 6.5.1.1. United Kingdom Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.5.1.2. United Kingdom Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.5.1.3. United Kingdom Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.1.4. United Kingdom Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 6.5.2. France 6.5.2.1. France Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.5.2.2. France Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.5.2.3. France Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.2.4. France Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 6.5.3. Germany 6.5.3.1. Germany Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.5.3.2. Germany Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.5.3.3. Germany Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.3.4. Germany Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 6.5.4. Italy 6.5.4.1. Italy Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.5.4.2. Italy Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.5.4.3. Italy Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.4.4. Italy Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 6.5.5. Spain 6.5.5.1. Spain Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.5.5.2. Spain Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.5.5.3. Spain Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.5.4. Spain Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 6.5.6. Sweden 6.5.6.1. Sweden Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.5.6.2. Sweden Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.5.6.3. Sweden Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.6.4. Sweden Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 6.5.7. Austria 6.5.7.1. Austria Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.5.7.2. Austria Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.5.7.3. Austria Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.7.4. Austria Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 6.5.8. Rest of Europe 6.5.8.1. Rest of Europe Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 6.5.8.2. Rest of Europe Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 6.5.8.3. Rest of Europe Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.8.4. Rest of Europe Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 7. Asia Pacific Electric Vehicle Battery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 7.2. Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 7.3. Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 7.4. Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 7.5. Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Country (2023-2030) 7.5.1. China 7.5.1.1. China Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 7.5.1.2. China Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 7.5.1.3. China Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.1.4. China Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 7.5.2. S Korea 7.5.2.1. S Korea Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 7.5.2.2. S Korea Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 7.5.2.3. S Korea Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.2.4. S Korea Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 7.5.3. Japan 7.5.3.1. Japan Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 7.5.3.2. Japan Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 7.5.3.3. Japan Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.3.4. Japan Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 7.5.4. India 7.5.4.1. India Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 7.5.4.2. India Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 7.5.4.3. India Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.4.4. India Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 7.5.5. Australia 7.5.5.1. Australia Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 7.5.5.2. Australia Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 7.5.5.3. Australia Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.5.4. Australia Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 7.5.6. ASIAN 7.5.6.1. ASIAN Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 7.5.6.2. ASIAN Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 7.5.6.3. ASIAN Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.6.4. ASIAN Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 7.5.7. Rest of Asia Pacific 7.5.7.1. Rest of Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 7.5.7.2. Rest of Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 7.5.7.3. Rest of Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.7.4. Rest of Asia Pacific Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 8. Middle East and Africa Electric Vehicle Battery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 8.2. Middle East and Africa Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 8.3. Middle East and Africa Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 8.4. Middle East and Africa Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 8.5. Middle East and Africa Electric Vehicle Battery Market Size and Forecast, by Country (2023-2030) 8.5.1. South Africa 8.5.1.1. South Africa Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 8.5.1.2. South Africa Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 8.5.1.3. South Africa Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 8.5.1.4. South Africa Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 8.5.2. S GCC 8.5.2.1. GCC Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 8.5.2.2. GCC Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 8.5.2.3. GCC Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 8.5.2.4. GCC Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 8.5.3. Egypt 8.5.3.1. Egypt Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 8.5.3.2. Egypt Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 8.5.3.3. Egypt Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 8.5.3.4. Egypt Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 8.5.4. Nigeria 8.5.4.1. Nigeria Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 8.5.4.2. Nigeria Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 8.5.4.3. Nigeria Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 8.5.4.4. Nigeria Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 8.5.5. Rest of ME &A 8.5.5.1. Rest of ME &A Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 8.5.5.2. Rest of ME &A Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 8.5.5.3. Rest of ME &A Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 8.5.5.4. Rest of ME &A Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 9. South America Electric Vehicle Battery Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. South America Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 9.2. South America Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 9.3. South America Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 9.4. South America Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 9.5. South America Electric Vehicle Battery Market Size and Forecast, by Country (2023-2030) 9.5.1. Brazil 9.5.1.1. Brazil Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 9.5.1.2. Brazil Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 9.5.1.3. Brazil Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 9.5.1.4. Brazil Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 9.5.2. Argentina 9.5.2.1. Argentina Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 9.5.2.2. Argentina Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 9.5.2.3. Argentina Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 9.5.2.4. Argentina Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 9.5.3. Rest Of South America 9.5.3.1. Rest of South America Electric Vehicle Battery Market Size and Forecast, by Propulsion Type (2023-2030) 9.5.3.2. Rest of South America Electric Vehicle Battery Market Size and Forecast, by Battery Type (2023-2030) 9.5.3.3. Rest of South America Electric Vehicle Battery Market Size and Forecast, by Vehicle Type (2023-2030) 9.5.3.4. Rest of South America Electric Vehicle Battery Market Size and Forecast, by Voltage Type (2023-2030) 10. Company Profile: Key Players 10.1. Tesla Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.3.1. Total Revenue 10.1.3.2. Segment Revenue 10.1.3.3. Annual Revenue 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. BYD Company Limited 10.3. Volkswagen AG 10.4. General Motors 10.5. Samsung SDI 10.6. Automotive Energy Supply Corporation 10.7. LG Chem. 10.8. Panasonic Corporation 10.9. GS Yuasa International 10.10. AESC 10.11. Mitsubishi 10.12. Wanxiang 10.13. Beijing Pride Power 10.14. Tianneng 10.15. SB LiMotive 10.16. Quallion 10.17. Boston-Power 10.18. Energy Supply Corporation 10.19. Johnson Controls International 10.20. Narada Power Source 10.21. Crown Battery Corporation 10.22. Hitachi Chemical Company 10.23. CATL 10.24. Contemporary Amperex Technology Co. Ltd 10.25. ATLASBX Co. 10.26. Sony 10.27. NEC Corporation 11. Key Findings and Analyst Recommendations 12. Electric Vehicle Battery Market: Research Methodology 12.1. Research Data 12.1.1. Secondary Data 12.1.1.1. Key secondary sources 12.1.1.2. Key data from secondary sources 12.1.2. Primary Data 12.1.2.1. Key data from primary sources 12.1.2.2. List of primary participants 12.2. Market size estimation 12.2.1. Bottom-up approach 12.2.1.1. Market size estimation methodology 12.2.2. Top-down approach 12.2.2.1. Market size estimation methodology 12.2.2.2. Electronic vehicle battery market estimation notes 12.3. Data triangulation 12.4. Analysis of factors impacting market 12.4.1. Factor analysis for market sizing demand and supply sides
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