Electric Vehicle Battery Market – Global Industry Analysis and Forecast (2022-2029)

Electric Vehicle Battery Market was valued at USD 217.83 Billion in 2021, and it is expected to reach USD 1491.91 Billion by 2029, exhibiting a CAGR of 27.19% during the forecast period (2022-2029) 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.

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 To know about the Research Methodology :- Request Free Sample Report

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%. Electric Vehicle Battery Market 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 2021, 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 2021, 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. Electric Vehicle Battery Market 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 2021, 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

With a CAGR of 35.3 percent during the forecast period, Europe is estimated to account for 31.0% of the global EV battery market by volume in 2021. Because electric vehicles are now very costly, the expansion of the region's EV battery business is mainly reliant on government incentives and money. Europe includes Germany, France, Spain, the United Kingdom, Italy, Norway, Sweden, and Denmark for market study. The presence of OEMs such as VDL Groep (Netherlands) and AB Volvo (Sweden) in the area bodes well for the EV battery industry. Environmental regulations are forcing market participants to test and build better autos, which will drive the market for advanced battery technologies even higher. The overall number of electric vehicles sold in 2020 surpassed the entire number of electric vehicles sold in 2019. Despite a 14% dip in the global light vehicle market, the sector began to slowly return in the second half of 2020, with global BEV and PHEV deliveries up 43% year on year. According to EV-Volumes, the global EV market share will increase from 2.5% to 4.2% by 2020. In Europe, around 1.4 million plug-in electric vehicles were sold in 2020, a 137% increase over 2019. New models, incentive increases from green recovery funds, the 95g CO2 emission standard, and strong plug-in EV advertising were all important factors in Europe's rise. France is expected to be the fastest-growing market for electric car batteries in the area. The French government's efforts to promote electric commercial vehicles and public transit fleet electrification are moving the country's EV battery industry ahead. The German government is also aiming to expand the usage of electric vehicles. Major battery manufacturers have been extending their European networks, enabling for significant development in electric vehicles and batteries. In 2017, for example, Samsung SDI invested more than USD 1.3 billion in expanding its manufacturing in Hungary. As a result, Samsung will be able to begin producing batteries for 50,000 electric vehicles in Hungary in 2018.

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 Market Scope: Inquire before buying

Global Electric Vehicle Battery Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 217.83 Bn.
Forecast Period 2022 to 2029 CAGR: 27.19% Market Size in 2029: US $ 1491.91 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 • Europe • Asia Pacific • Middle East and Africa • South America

Electric Vehicle Battery Market key player

• Tesla Inc. • BYD Company Limited • Volkswagen AG • General Motors • Samsung SDI • Automotive Energy Supply Corporation • LG Chem. • Panasonic Corporation • GS Yuasa International • AESC • Mitsubishi • Wanxiang • Beijing Pride Power • Tianneng • SB LiMotive • Quallion • Boston-Power • Energy Supply Corporation • Johnson Controls International • Narada Power Source • Crown Battery Corporation • Hitachi Chemical Company • CATL • Contemporary Amperex Technology Co. Ltd • ATLASBX Co. • Sony • NEC Corporation Frequently Asked Questions: 1) What was the market size of Global Electric Vehicle Battery Market in 2021? Ans - Global Electric Vehicle Battery Market was worth US$ 217.83 Bn in 2021. 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 2022 to 2029. 4) What is the market size of Global Electric Vehicle Battery Market in 2029? Ans – Global Electric Vehicle Battery Market size is estimated at US $ 1491.91 Bn in 2029. 5) Which region is dominated in Global Electric Vehicle Battery Market? Ans -In 2020, Europe region dominated the Global Electric Vehicle Battery Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 1.4. Key Questions Answered 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 3. Executive Summary 3.1. Global Electric Vehicle Battery Market Size, by Market Value (US$ Bn) and Market, by Region 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.3. Drivers and Restraints Snapshot Analysis 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.3.4. Porter’s Analysis 4.3.5. Value Chain Analysis 4.3.6. SWOT Analysis 4.4. Global Electric Vehicle Battery Market Industry Trends 5. Global Electric Vehicle Battery Market Analysis and Forecast 5.1. Global Electric Vehicle Battery Market Analysis and Forecast 5.2. Global Electric Vehicle Battery Market Size& Y-o-Y Growth Analysis 5.2.1. North America 5.2.2. Europe 5.2.3. Asia Pacific 5.2.4. Middle East & Africa 5.2.5. Latin America 6. Global Electric Vehicle Battery Market Analysis and Forecast, by Propulsion Type 6.1. Introduction and Definition 6.2. Key Findings 6.3. Global Electric Vehicle Battery Market Value Share Analysis, by Propulsion Type 6.4. Market Size (US$ Bn) Forecast, by Propulsion Type 6.5. Global Electric Vehicle Battery Market Analysis, by Propulsion Type 6.6. Electric Vehicle Battery Market Attractiveness Analysis, by Propulsion Type 7. Global Electric Vehicle Battery Market Analysis and Forecast, by Battery Type 7.1. Introduction and Definition 7.2. Global Electric Vehicle Battery Market Value Share Analysis, by Battery Type 7.3. Market Size (US$ Bn) Forecast, by Battery Type 7.4. Global Electric Vehicle Battery Market Analysis, by Battery Type 7.5. Global Electric Vehicle Battery Market Attractiveness Analysis, by Battery Type 8. Global Electric Vehicle Battery Market Analysis and Forecast, by Vehicle Type 8.1. Introduction and Definition 8.2. Global Electric Vehicle Battery Market Value Share Analysis, by Vehicle Type 8.3. Market Size (US$ Bn) Forecast, by Vehicle Type 8.4. Global Electric Vehicle Battery Market Analysis, by Vehicle Type 8.5. Global Electric Vehicle Battery Market Attractiveness Analysis, by Vehicle Type 9. Global Electric Vehicle Battery Market Analysis and Forecast, by Voltage Type 9.1. Introduction and Definition 9.2. Global Electric Vehicle Battery Market Value Share Analysis, by Voltage Type 9.3. Market Size (US$ Bn) Forecast, by Voltage Type 9.4. Global Electric Vehicle Battery Market Analysis, by Voltage Type 9.5. Global Electric Vehicle Battery Market Attractiveness Analysis, by Voltage Type 10. Global Electric Vehicle Battery Market Analysis, by Region 10.1. Global Electric Vehicle Battery Market Value Share Analysis, by Region 10.2. Market Size (US$ Bn) Forecast, by Region 10.3. Global Electric Vehicle Battery Market Attractiveness Analysis, by Region 11. North America Electric Vehicle Battery Market Analysis 11.1. Key Findings 11.2. North America Electric Vehicle Battery Market Overview 11.3. North America Electric Vehicle Battery Market Value Share Analysis, by Propulsion Type 11.4. North America Electric Vehicle Battery Market Forecast, by Propulsion Type 11.4.1. Battery Electric Vehicle 11.4.2. Hybrid Electric Vehicle 11.4.3. Plug-in Hybrid Electric Vehicle 11.5. North America Electric Vehicle Battery Market Value Share Analysis, by Battery Type 11.6. North America Electric Vehicle Battery Market Forecast, by Battery Type 11.6.1. Lead Acid Battery 11.6.2. Nickel Metal Hydride Battery 11.6.3. Lithium ion Battery 11.7. North America Electric Vehicle Battery Market Value Share Analysis, by Vehicle Type 11.8. North America Electric Vehicle Battery Market Forecast, by Vehicle Type 11.8.1. Passenger Vehicle 11.8.2. Commercial Vehicle 11.9. North America Electric Vehicle Battery Market Value Share Analysis, by Voltage Type 11.10. North America Electric Vehicle Battery Market Forecast, by Voltage Type 11.10.1. Retail & Consumer Goods 11.10.2. Healthcare & Life Sciences 11.10.3. Others 11.11. North America Electric Vehicle Battery Market Value Share Analysis, by Country 11.12. North America Electric Vehicle Battery Market Forecast, by Country 11.12.1. U.S. 11.12.2. Canada 11.13. North America Electric Vehicle Battery Market Analysis, by Country 11.14. U.S. Electric Vehicle Battery Market Forecast, by Propulsion Type 11.14.1. Battery Electric Vehicle 11.14.2. Hybrid Electric Vehicle 11.14.3. Plug-in Hybrid Electric Vehicle 11.15. U.S. Electric Vehicle Battery Market Forecast, by Battery Type 11.15.1. Lead Acid Battery 11.15.2. Nickel Metal Hydride Battery 11.15.3. Lithium ion Battery 11.16. U.S. Electric Vehicle Battery Market Forecast, by Vehicle Type 11.16.1. Passenger Vehicle 11.16.2. Commercial Vehicle 11.17. U.S. Electric Vehicle Battery Market Forecast, by Voltage Type 11.17.1. Retail & Consumer Goods 11.17.2. Healthcare & Life Sciences 11.17.3. Others 11.18. Canada Electric Vehicle Battery Market Forecast, by Propulsion Type 11.18.1. Battery Electric Vehicle 11.18.2. Hybrid Electric Vehicle 11.18.3. Plug-in Hybrid Electric Vehicle 11.19. Canada Electric Vehicle Battery Market Forecast, by Battery Type 11.19.1. Lead Acid Battery 11.19.2. Nickel Metal Hydride Battery 11.19.3. Lithium ion Battery 11.20. Canada Electric Vehicle Battery Market Forecast, by Vehicle Type 11.20.1. Passenger Vehicle 11.20.2. Commercial Vehicle 11.21. Canada Electric Vehicle Battery Market Forecast, by Voltage Type 11.21.1. Retail & Consumer Goods 11.21.2. Healthcare & Life Sciences 11.21.3. Others 11.22. North America Electric Vehicle Battery Market Attractiveness Analysis 11.22.1. By Propulsion Type 11.22.2. By Battery Type 11.22.3. By Vehicle Type 11.22.4. By Voltage Type 11.23. PEST Analysis 12. Europe Electric Vehicle Battery Market Analysis 12.1. Key Findings 12.2. Europe Electric Vehicle Battery Market Overview 12.3. Europe Electric Vehicle Battery Market Value Share Analysis, by Propulsion Type 12.4. Europe Electric Vehicle Battery Market Forecast, by Propulsion Type 12.4.1. Battery Electric Vehicle 12.4.2. Hybrid Electric Vehicle 12.4.3. Plug-in Hybrid Electric Vehicle 12.5. Europe Electric Vehicle Battery Market Value Share Analysis, by Battery Type 12.6. Europe Electric Vehicle Battery Market Forecast, by Battery Type 12.6.1. Lead Acid Battery 12.6.2. Nickel Metal Hydride Battery 12.6.3. Lithium ion Battery 12.7. Europe Electric Vehicle Battery Market Value Share Analysis, by Vehicle Type 12.8. Europe Electric Vehicle Battery Market Forecast, by Vehicle Type 12.8.1. Passenger Vehicle 12.8.2. Commercial Vehicle 12.9. Europe Electric Vehicle Battery Market Value Share Analysis, by Voltage Type 12.10. Europe Electric Vehicle Battery Market Forecast, by Voltage Type 12.10.1. Retail & Consumer Goods 12.10.2. Healthcare & Life Sciences 12.10.3. Others 12.11. Europe Electric Vehicle Battery Market Value Share Analysis, by Country 12.12. Europe Electric Vehicle Battery Market Forecast, by Country 12.12.1.1. Germany 12.12.1.2. U.K. 12.12.1.3. France 12.12.1.4. Italy 12.12.1.5. Spain 12.12.1.6. Rest of Europe 12.13. Europe Electric Vehicle Battery Market Analysis, by Country/ Sub-region 12.14. Germany Electric Vehicle Battery Market Forecast, by Propulsion Type 12.14.1. Battery Electric Vehicle 12.14.2. Hybrid Electric Vehicle 12.14.3. Plug-in Hybrid Electric Vehicle 12.15. Germany Electric Vehicle Battery Market Forecast, by Battery Type 12.15.1. Lead Acid Battery 12.15.2. Nickel Metal Hydride Battery 12.15.3. Lithium ion Battery 12.16. Germany Electric Vehicle Battery Market Forecast, by Vehicle Type 12.16.1. Passenger Vehicle 12.16.2. Commercial Vehicle 12.17. Germany Electric Vehicle Battery Market Forecast, by Voltage Type 12.17.1. Retail & Consumer Goods 12.17.2. Healthcare & Life Sciences 12.17.3. Others 12.18. U.K. Electric Vehicle Battery Market Forecast, by Propulsion Type 12.18.1. Battery Electric Vehicle 12.18.2. Hybrid Electric Vehicle 12.18.3. Plug-in Hybrid Electric Vehicle 12.19. U.K. Electric Vehicle Battery Market Forecast, by Battery Type 12.19.1. Lead Acid Battery 12.19.2. Nickel Metal Hydride Battery 12.19.3. Lithium ion Battery 12.20. U.K. Electric Vehicle Battery Market Forecast, by Vehicle Type 12.20.1. Passenger Vehicle 12.20.2. Commercial Vehicle 12.21. U.K. Electric Vehicle Battery Market Forecast, by Voltage Type 12.21.1. 12 Volt 12.21.2. 14 Volt 12.21.3. 24 Volt 12.21.4. 48+ Volt 12.22. France Electric Vehicle Battery Market Forecast, by Propulsion Type 12.22.1. Battery Electric Vehicle 12.22.2. Hybrid Electric Vehicle 12.22.3. Plug-in Hybrid Electric Vehicle 12.23. France Electric Vehicle Battery Market Forecast, by Battery Type 12.23.1. Lead Acid Battery 12.23.2. Nickel Metal Hydride Battery 12.23.3. Lithium ion Battery 12.24. France Electric Vehicle Battery Market Forecast, by Vehicle Type 12.24.1. Passenger Vehicle 12.24.2. Commercial Vehicle 12.25. France Electric Vehicle Battery Market Forecast, by Voltage Type 12.25.1. 12 Volt 12.25.2. 14 Volt 12.25.3. 24 Volt 12.25.4. 48+ Volt 12.26. Italy Electric Vehicle Battery Market Forecast, by Propulsion Type 12.26.1. Battery Electric Vehicle 12.26.2. Hybrid Electric Vehicle 12.26.3. Plug-in Hybrid Electric Vehicle 12.27. Italy Electric Vehicle Battery Market Forecast, by Battery Type 12.27.1. Lead Acid Battery 12.27.2. Nickel Metal Hydride Battery 12.27.3. Lithium ion Battery 12.28. Italy Electric Vehicle Battery Market Forecast, by Vehicle Type 12.28.1. Passenger Vehicle 12.28.2. Commercial Vehicle 12.29. Italy Electric Vehicle Battery Market Forecast, by Voltage Type 12.29.1. 12 Volt 12.29.2. 14 Volt 12.29.3. 24 Volt 12.29.4. 48+ Volt 12.30. Spain Electric Vehicle Battery Market Forecast, by Propulsion Type 12.30.1. Battery Electric Vehicle 12.30.2. Hybrid Electric Vehicle 12.30.3. Plug-in Hybrid Electric Vehicle 12.31. Spain Electric Vehicle Battery Market Forecast, by Battery Type 12.31.1. Lead Acid Battery 12.31.2. Nickel Metal Hydride Battery 12.31.3. Lithium ion Battery 12.32. Spain Electric Vehicle Battery Market Forecast, by Vehicle Type 12.32.1. Passenger Vehicle 12.32.2. Commercial Vehicle 12.33. Spain Electric Vehicle Battery Market Forecast, by Voltage Type 12.33.1. 12 Volt 12.33.2. 14 Volt 12.33.3. 24 Volt 12.33.4. 48+ Volt 12.34. Rest of Europe Electric Vehicle Battery Market Forecast, by Propulsion Type 12.34.1. Battery Electric Vehicle 12.34.2. Hybrid Electric Vehicle 12.34.3. Plug-in Hybrid Electric Vehicle 12.35. Rest of Europe Electric Vehicle Battery Market Forecast, by Battery Type 12.35.1. Lead Acid Battery 12.35.2. Nickel Metal Hydride Battery 12.35.3. Lithium ion Battery 12.36. Rest of Europe Electric Vehicle Battery Market Forecast, by Vehicle Type 12.36.1. Passenger Vehicle 12.36.2. Commercial Vehicle 12.37. Rest Of Europe Electric Vehicle Battery Market Forecast, by Voltage Type 12.37.1. 12 Volt 12.37.2. 14 Volt 12.37.3. 24 Volt 12.37.4. 48+ Volt 12.38. Europe Electric Vehicle Battery Market Attractiveness Analysis 12.38.1. By Propulsion Type 12.38.2. By Battery Type 12.38.3. By Vehicle Type 12.38.4. By Voltage Type 12.39. PEST Analysis 13. Asia Pacific Electric Vehicle Battery Market Analysis 13.1. Key Findings 13.2. Asia Pacific Electric Vehicle Battery Market Overview 13.3. Asia Pacific Electric Vehicle Battery Market Value Share Analysis, by Propulsion Type 13.4. Asia Pacific Electric Vehicle Battery Market Forecast, by Propulsion Type 13.4.1. Battery Electric Vehicle 13.4.2. Hybrid Electric Vehicle 13.4.3. Plug-in Hybrid Electric Vehicle 13.5. Asia Pacific Electric Vehicle Battery Market Value Share Analysis, by Battery Type 13.6. Asia Pacific Electric Vehicle Battery Market Forecast, by Battery Type 13.6.1. Lead Acid Battery 13.6.2. Nickel Metal Hydride Battery 13.6.3. Lithium ion Battery 13.7. Asia Pacific Electric Vehicle Battery Market Value Share Analysis, by Vehicle Type 13.8. Asia Pacific Electric Vehicle Battery Market Forecast, by Vehicle Type 13.8.1. Passenger Vehicle 13.8.2. Commercial Vehicle 13.9. Asia Pacific Electric Vehicle Battery Market Value Share Analysis, by Voltage Type 13.10. Asia Pacific Electric Vehicle Battery Market Forecast, by Voltage Type 13.10.1. 12 Volt 13.10.2. 14 Volt 13.10.3. 24 Volt 13.10.4. 48+ Volt 13.11. Asia Pacific Electric Vehicle Battery Market Value Share Analysis, by Country 13.12. Asia Pacific Electric Vehicle Battery Market Forecast, by Country 13.12.1. China 13.12.2. India 13.12.3. Japan 13.12.4. ASEAN 13.12.5. Rest of Asia Pacific 13.13. Asia Pacific Electric Vehicle Battery Market Analysis, by Country/ Sub-region 13.14. China Electric Vehicle Battery Market Forecast, by Propulsion Type 13.14.1. Battery Electric Vehicle 13.14.2. Hybrid Electric Vehicle 13.14.3. Plug-in Hybrid Electric Vehicle 13.15. China Electric Vehicle Battery Market Forecast, by Battery Type 13.15.1. Lead Acid Battery 13.15.2. Nickel Metal Hydride Battery 13.15.3. Lithium ion Battery 13.16. China Electric Vehicle Battery Market Forecast, by Vehicle Type 13.16.1. Passenger Vehicle 13.16.2. Commercial Vehicle 13.17. China Electric Vehicle Battery Market Forecast, by Voltage Type 13.17.1. 12 Volt 13.17.2. 14 Volt 13.17.3. 24 Volt 13.17.4. 48+ Volt 13.18. India Electric Vehicle Battery Market Forecast, by Propulsion Type 13.18.1. Battery Electric Vehicle 13.18.2. Hybrid Electric Vehicle 13.18.3. Plug-in Hybrid Electric Vehicle 13.19. India Electric Vehicle Battery Market Forecast, by Battery Type 13.19.1. Lead Acid Battery 13.19.2. Nickel Metal Hydride Battery 13.19.3. Lithium ion Battery 13.20. India Electric Vehicle Battery Market Forecast, by Vehicle Type 13.20.1. Passenger Vehicle 13.20.2. Commercial Vehicle 13.21. India Electric Vehicle Battery Market Forecast, by Voltage Type 13.21.1. 12 Volt 13.21.2. 14 Volt 13.21.3. 24 Volt 13.21.4. 48+ Volt 13.22. Japan Electric Vehicle Battery Market Forecast, by Propulsion Type 13.22.1. Battery Electric Vehicle 13.22.2. Hybrid Electric Vehicle 13.22.3. Plug-in Hybrid Electric Vehicle 13.23. Japan Electric Vehicle Battery Market Forecast, by Battery Type 13.23.1. Lead Acid Battery 13.23.2. Nickel Metal Hydride Battery 13.23.3. Lithium ion Battery 13.24. Japan Electric Vehicle Battery Market Forecast, by Vehicle Type 13.24.1. Passenger Vehicle 13.24.2. Commercial Vehicle 13.25. Japan Electric Vehicle Battery Market Forecast, by Voltage Type 13.25.1. 12 Volt 13.25.2. 14 Volt 13.25.3. 24 Volt 13.25.4. 48+ Volt 13.26. ASEAN Electric Vehicle Battery Market Forecast, by Propulsion Type 13.26.1. Battery Electric Vehicle 13.26.2. Hybrid Electric Vehicle 13.26.3. Plug-in Hybrid Electric Vehicle 13.27. ASEAN Electric Vehicle Battery Market Forecast, by Battery Type 13.27.1. Lead Acid Battery 13.27.2. Nickel Metal Hydride Battery 13.27.3. Lithium ion Battery 13.28. ASEAN Electric Vehicle Battery Market Forecast, by Vehicle Type 13.28.1. Passenger Vehicle 13.28.2. Commercial Vehicle 13.29. ASEAN Electric Vehicle Battery Market Forecast, by Voltage Type 13.29.1. 12 Volt 13.29.2. 14 Volt 13.29.3. 24 Volt 13.29.4. 48+ Volt 13.30. Rest of Asia Pacific Electric Vehicle Battery Market Forecast, by Propulsion Type 13.30.1. Battery Electric Vehicle 13.30.2. Hybrid Electric Vehicle 13.30.3. Plug-in Hybrid Electric Vehicle 13.31. Rest of Asia Pacific Electric Vehicle Battery Market Forecast, by Battery Type 13.31.1. Lead Acid Battery 13.31.2. Nickel Metal Hydride Battery 13.31.3. Lithium ion Battery 13.32. Rest of Asia Pacific Electric Vehicle Battery Market Forecast, by Vehicle Type 13.32.1. Passenger Vehicle 13.32.2. Commercial Vehicle 13.33. Rest of Asia Pacific Electric Vehicle Battery Market Forecast, by Voltage Type 13.33.1. 12 Volt 13.33.2. 14 Volt 13.33.3. 24 Volt 13.33.4. 48+ Volt 13.34. Asia Pacific Electric Vehicle Battery Market Attractiveness Analysis 13.34.1. By Propulsion Type 13.34.2. By Battery Type 13.34.3. By Vehicle Type 13.34.4. By Voltage Type 13.35. PEST Analysis 14. Middle East & Africa Electric Vehicle Battery Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Electric Vehicle Battery Market Overview 14.3. Middle East & Africa Electric Vehicle Battery Market Value Share Analysis, by Propulsion Type 14.4. Middle East & Africa Electric Vehicle Battery Market Forecast, by Propulsion Type 14.4.1. Battery Electric Vehicle 14.4.2. Hybrid Electric Vehicle 14.4.3. Plug-in Hybrid Electric Vehicle 14.5. Middle East & Africa Electric Vehicle Battery Market Value Share Analysis, by Battery Type 14.6. Middle East & Africa Electric Vehicle Battery Market Forecast, by Battery Type 14.6.1. Lead Acid Battery 14.6.2. Nickel Metal Hydride Battery 14.6.3. Lithium ion Battery 14.7. Middle East & Africa Electric Vehicle Battery Market Value Share Analysis, by Vehicle Type 14.8. Middle East & Africa Electric Vehicle Battery Market Forecast, by Vehicle Type 14.8.1. Passenger Vehicle 14.8.2. Commercial Vehicle 14.9. Middle East & Africa Electric Vehicle Battery Market Value Share Analysis, by Voltage Type 14.10. Middle East & Africa Electric Vehicle Battery Market Forecast, by Voltage Type 14.10.1. 12 Volt 14.10.2. 14 Volt 14.10.3. 24 Volt 14.10.4. 48+ Volt 14.11. Middle East & Africa Electric Vehicle Battery Market Value Share Analysis, by Country 14.12. Middle East & Africa Electric Vehicle Battery Market Forecast, by Country 14.12.1. GCC 14.12.2. South Africa 14.12.3. Rest of Middle East & Africa 14.13. Middle East & Africa Electric Vehicle Battery Market Analysis, by Country/ Sub-region 14.14. GCC Electric Vehicle Battery Market Forecast, by Propulsion Type 14.14.1. Battery Electric Vehicle 14.14.2. Hybrid Electric Vehicle 14.14.3. Plug-in Hybrid Electric Vehicle 14.15. GCC Electric Vehicle Battery Market Forecast, by Battery Type 14.15.1. Lead Acid Battery 14.15.2. Nickel Metal Hydride Battery 14.15.3. Lithium ion Battery 14.16. GCC Electric Vehicle Battery Market Forecast, by Vehicle Type 14.16.1. Passenger Vehicle 14.16.2. Commercial Vehicle 14.17. GCC Electric Vehicle Battery Market Forecast, by Voltage Type 14.17.1. 12 Volt 14.17.2. 14 Volt 14.17.3. 24 Volt 14.17.4. 48+ Volt 14.18. South Africa Electric Vehicle Battery Market Forecast, by Propulsion Type 14.18.1. Battery Electric Vehicle 14.18.2. Hybrid Electric Vehicle 14.18.3. Plug-in Hybrid Electric Vehicle 14.19. South Africa Electric Vehicle Battery Market Forecast, by Battery Type 14.19.1. Lead Acid Battery 14.19.2. Nickel Metal Hydride Battery 14.19.3. Lithium ion Battery 14.20. South Africa Electric Vehicle Battery Market Forecast, by Vehicle Type 14.20.1. Passenger Vehicle 14.20.2. Commercial Vehicle 14.21. South Africa Electric Vehicle Battery Market Forecast, by Voltage Type 14.21.1. 12 Volt 14.21.2. 14 Volt 14.21.3. 24 Volt 14.21.4. 48+ Volt 14.22. Rest of Middle East & Africa Electric Vehicle Battery Market Forecast, by Propulsion Type 14.22.1. Battery Electric Vehicle 14.22.2. Hybrid Electric Vehicle 14.22.3. Plug-in Hybrid Electric Vehicle 14.23. Rest of Middle East & Africa Electric Vehicle Battery Market Forecast, by Battery Type 14.23.1. Lead Acid Battery 14.23.2. Nickel Metal Hydride Battery 14.23.3. Lithium ion Battery 14.24. Rest of Middle East & Africa Electric Vehicle Battery Market Forecast, by Vehicle Type 14.24.1. Passenger Vehicle 14.24.2. Commercial Vehicle 14.25. Rest of Middle East & Africa Electric Vehicle Battery Market Forecast, by Voltage Type 14.25.1. 12 Volt 14.25.2. 14 Volt 14.25.3. 24 Volt 14.25.4. 48+ Volt 14.26. Middle East & Africa Electric Vehicle Battery Market Attractiveness Analysis 14.26.1. By Propulsion Type 14.26.2. By Battery Type 14.26.3. By Vehicle Type 14.26.4. By Voltage Type 14.27. PEST Analysis 15. Latin America Electric Vehicle Battery Market Analysis 15.1. Key Findings 15.2. Latin America Electric Vehicle Battery Market Overview 15.3. Latin America Electric Vehicle Battery Market Value Share Analysis, by Propulsion Type 15.4. Latin America Electric Vehicle Battery Market Forecast, by Propulsion Type 15.4.1. Battery Electric Vehicle 15.4.2. Hybrid Electric Vehicle 15.4.3. Plug-in Hybrid Electric Vehicle 15.5. Latin America Electric Vehicle Battery Market Value Share Analysis, by Battery Type 15.6. Latin America Electric Vehicle Battery Market Forecast, by Battery Type 15.6.1. Lead Acid Battery 15.6.2. Nickel Metal Hydride Battery 15.6.3. Lithium ion Battery 15.7. Latin America Electric Vehicle Battery Market Value Share Analysis, by Vehicle Type 15.8. Latin America Electric Vehicle Battery Market Forecast, by Vehicle Type 15.8.1. Passenger Vehicle 15.8.2. Commercial Vehicle 15.9. Latin America Electric Vehicle Battery Market Value Share Analysis, by Voltage Type 15.10. Latin America Electric Vehicle Battery Market Forecast, by Voltage Type 15.10.1. 12 Volt 15.10.2. 14 Volt 15.10.3. 24 Volt 15.10.4. 48+ Volt 15.11. Latin America Electric Vehicle Battery Market Value Share Analysis, by Country 15.12. Latin America Electric Vehicle Battery Market Forecast, by Country 15.12.1. Brazil 15.12.2. Mexico 15.12.3. Rest of Latin America 15.13. Latin America Electric Vehicle Battery Market Analysis, by Country/ Sub-region 15.14. Brazil Electric Vehicle Battery Market Forecast, by Propulsion Type 15.14.1. Battery Electric Vehicle 15.14.2. Hybrid Electric Vehicle 15.14.3. Plug-in Hybrid Electric Vehicle 15.15. Brazil Electric Vehicle Battery Market Forecast, by Battery Type 15.15.1. Lead Acid Battery 15.15.2. Nickel Metal Hydride Battery 15.15.3. Lithium ion Battery 15.16. Brazil Electric Vehicle Battery Market Forecast, by Vehicle Type 15.16.1. Passenger Vehicle 15.16.2. Commercial Vehicle 15.17. Brazil Electric Vehicle Battery Market Forecast, by Voltage Type 15.17.1. 12 Volt 15.17.2. 14 Volt 15.17.3. 24 Volt 15.17.4. 48+ Volt 15.18. Mexico Electric Vehicle Battery Market Forecast, by Propulsion Type 15.18.1. Battery Electric Vehicle 15.18.2. Hybrid Electric Vehicle 15.18.3. Plug-in Hybrid Electric Vehicle 15.19. Mexico Electric Vehicle Battery Market Forecast, by Battery Type 15.19.1. Lead Acid Battery 15.19.2. Nickel Metal Hydride Battery 15.19.3. Lithium ion Battery 15.20. Mexico Electric Vehicle Battery Market Forecast, by Vehicle Type 15.20.1. Passenger Vehicle 15.20.2. Commercial Vehicle 15.21. Mexico Electric Vehicle Battery Market Forecast, by Voltage Type 15.21.1. 12 Volt 15.21.2. 14 Volt 15.21.3. 24 Volt 15.21.4. 48+ Volt 15.22. Rest of Latin America Electric Vehicle Battery Market Forecast, by Propulsion Type 15.22.1. Battery Electric Vehicle 15.22.2. Hybrid Electric Vehicle 15.22.3. Plug-in Hybrid Electric Vehicle 15.23. Rest of Latin America Electric Vehicle Battery Market Forecast, by Battery Type 15.23.1. Lead Acid Battery 15.23.2. Nickel Metal Hydride Battery 15.23.3. Lithium ion Battery 15.24. Rest of Latin America Electric Vehicle Battery Market Forecast, by Vehicle Type 15.24.1. Passenger Vehicle 15.24.2. Commercial Vehicle 15.25. Rest of Latin America Electric Vehicle Battery Market Forecast, by Voltage Type 15.25.1. 12 Volt 15.25.2. 14 Volt 15.25.3. 24 Volt 15.25.4. 48+ Volt 15.26. Latin America Electric Vehicle Battery Market Attractiveness Analysis 15.26.1. By Propulsion Type 15.26.2. By Battery Type 15.26.3. By Vehicle Type 15.26.4. By Voltage Type 15.27. PEST Analysis 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.3. Company Profiles: Key Players 16.3.1. Tesla Inc. 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Business Strategy 16.3.1.4. Recent Developments 16.3.1.5. Manufacturing Footprint 16.3.2. BYD Company Limited 16.3.3. Volkswagen AG 16.3.4. General Motors 16.3.5. Samsung SDI 16.3.6. Automotive Energy Supply Corporation 16.3.7. LG Chem. 16.3.8. Panasonic Corporation 16.3.9. GS Yuasa International 16.3.10. AESC 16.3.11. Mitsubishi 16.3.12. Wanxiang 16.3.13. Beijing Pride Power 16.3.14. Tianneng 16.3.15. SB LiMotive 16.3.16. Quallion 16.3.17. Boston-Power 16.3.18. Energy Supply Corporation 16.3.19. Johnson Controls International 16.3.20. Narada Power Source 16.3.21. Crown Battery Corporation 16.3.22. Hitachi Chemical Company 16.3.23. CATL 16.3.24. Contemporary Amperex Technology Co. Ltd 16.3.25. ATLASBX Co. 16.3.26. Sony 16.3.27. NEC Corporation 17. Primary Key Insights

About This Report

Report ID 12071
Category Electronics
Published Date Aug 2022
Updated Date
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