Reports

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Electric Vehicle Battery Market: By Battery Type: Lithium-Ion, Lead-Acid, Nickel-Metal-Hydride, Others; By Vehicle Type: Passenger Car, Commercial Vehicle, Two Wheeler; By Propulsion Type; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Electric Vehicle Battery Market Outlook

The global electric vehicle battery market stood at a value of around USD 38.0 billion in 2020. The market is further expected to grow at a CAGR of 19.2% in the forecast period of 2021-2026 to attain a value of USD 109 billion by 2026.

 

Lithium-Ion Segment to Account for a Significant Market Share of the Global Electric Vehicle Battery Industry

Based on battery type, the lithium-ion segment is predicted to hold a significant market share in the electric vehicle battery industry. This growth can be attributed to the heightened utilisation of lithium-ion in the production of batteries, increasingly utilised for the propulsion of electric vehicles. It is because of the high energy per unit mass relative to other electrical energy storage systems. In addition, they also have a high power-to-weight ratio, suitable temperature, and power efficiency and low self-discharge. Moreover, these batteries can also be fully recycled. These factors are predicted to aid the market growth in the coming years.

 

Global Electric Vehicle Battery Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The Asia Pacific to Account for a Significant Market Share in the Global Electric Vehicle Battery Industry

The Asia Pacific is estimated to hold a significant share of the electric vehicle battery industry in the forecast period. This growth can be attributed to the increased demand for electric vehicles in the region, especially in China, owing to reduced labour and maintenance expenditure. The rising disposable incomes and the improved living standards are also aiding the market growth. In addition, the rapid urbanisation with renewed purchasing parity is also significantly contributing to the industry growth. Moreover, the rapid development of environment-oriented policies brought forward to cut down the carbon emissions in the region is also aiding the market growth.

 

Electric Vehicle Battery: Industry Definition and Segmentation

A battery is a secondary power source. An electric vehicle battery is used to power battery-operated electric vehicles using the chemical energy stored in rechargeable battery packs; thus, it does not require any combustion to start the engine. The batteries are rechargeable and usually made of lithium-ion, owing to their high energy per unit mass relative to other electrical energy storage systems. They are primarily designed for high kilowatt-hour capacity. These batteries are increasingly in demand with the advent of electric vehicles.

By battery type, the market is divided into:

  • Lithium-Ion 
  • Lead-Acid
  • Nickel-Metal-Hydride
  • Others

On the basis of vehicle type, the market can be segmented into:

  • Passenger Car 
  • Commercial Vehicle
  • Two Wheeler

Based on propulsion type, the industry can be categorised into:

  • Battery Electric Vehicle (BEV)
  • Plug in Hybrid Electric Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Demand for Electric Vehicles to Control Escalating Pollution Levels to Propel the Global Market for Electric Vehicle Battery

According to the World Bank, pollution is the number one cause of cardiovascular diseases, with 9 million deaths yearly caused as a direct result of air, water, and land pollution. In addition, air pollution alone accounts for health damage costing USD 5.7 trillion, increasing the economic burden due to premature mortality and morbidity. As a result, governments are devising ways to reduce pollution levels and global carbon emissions in order to counter the issue of global warming. This is resulting in innovations such as electric vehicles that utilises sustainable and renewable energy, posing as an alternative to conventional crude oil and fuels. This is predicted to spearhead the demand for electric vehicle batteries worldwide. Furthermore, the rapid technological advancements are also expected to aid the market growth in the coming years. For instance, StoreDot, an Israeli manufacturer of fast-charging batteries for electric vehicles, recently launched the world's first silicon-dominant battery prototype, which is capable of getting recharged in ten minutes. Such developments are anticipated to propel the market growth in the coming years.

 

Key Industry Players in the Global Electric Vehicle Battery Market

The report gives a detailed analysis of the following key players in the global electric vehicle battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BYD Company Ltd.
  • Samsung SDI Co. Ltd.
  • Contemporary Amperex Technology Co., Limited.
  • Mitsubishi Electric Corporation
  • Panasonic Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Battery Type, Vehicle Type, Propulsion Type, Region
Breakup by Battery Type Lithium-Ion, Lead-Acid, Nickel-Metal-Hydride, Others
Breakup by Vehicle Type Passenger Car, Commercial Vehicle, Two Wheeler
Breakup by Propulsion Type Battery Electric Vehicle (BEV), Plug in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BYD Company Ltd., Samsung SDI Co. Ltd., Contemporary Amperex Technology Co., Limited., Mitsubishi Electric Corporation, Panasonic Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Electric Vehicle Battery Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Vehicle Battery Historical Market (2016-2020) 
    8.3    Global Electric Vehicle Battery Market Forecast (2021-2026)
    8.4    Global Electric Vehicle Battery Market by Battery Type
        8.4.1    Lithium-Ion
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Lead-Acid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Nickel-Metal-Hydride
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Electric Vehicle Battery Market by Vehicle Type
        8.5.1    Passenger Car
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Commercial Vehicle
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Two Wheeler
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Electric Vehicle Battery Market by Propulsion Type
        8.6.1    Battery Electric Vehicle (BEV)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Plug in Hybrid Electric Vehicle (PHEV)
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Hybrid Electric Vehicle (HEV)
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Electric Vehicle Battery Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    BYD Company Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Samsung SDI Co. Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Contemporary Amperex Technology Co., Limited.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Mitsubishi Electric Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Panasonic Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Electric Vehicle Battery Market: Key Industry Highlights, 2016 and 2026
2.    Global Electric Vehicle Battery Historical Market: Breakup by Battery Type (USD Billion), 2016-2020
3.    Global Electric Vehicle Battery Market Forecast: Breakup by Battery Type (USD Billion), 2021-2026
4.    Global Electric Vehicle Battery Historical Market: Breakup by Vehicle Type (USD Billion), 2016-2020
5.    Global Electric Vehicle Battery Market Forecast: Breakup by Vehicle Type (USD Billion), 2021-2026
6.    Global Electric Vehicle Battery Historical Market: Breakup by Propulsion Type (USD Billion), 2016-2020
7.    Global Electric Vehicle Battery Market Forecast: Breakup by Propulsion Type (USD Billion), 2021-2026
8.    Global Electric Vehicle Battery Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Electric Vehicle Battery Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Electric Vehicle Battery Market Structure

Key Questions Answered in the Report

In 2020, the global electric vehicle battery market attained a value of nearly USD 38.0 billion.

The market is projected to grow at a CAGR of 19.2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 109 billion by 2026.

The major drivers of the industry, such as the increased demand for electric vehicles, rapid technological advancements, heightened demand for electric vehicle batteries, and the rising investments in the R&D of electric vehicle battery technology by the leading manufacturers, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the increasing environmental concerns and the rising pollution levels.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant battery types include lithium-ion, lead-acid, nickel-metal-hydride, and others.

Passenger car, commercial vehicle, and two wheeler are the significant vehicle types considered within the market report.

The major segments based on propulsion type include battery electric vehicle (BEV), plug in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV).

The major players in the industry are BYD Company Ltd., Samsung SDI Co. Ltd., Contemporary Amperex Technology Co., Limited., Mitsubishi Electric Corporation, Panasonic Corporation, and others.

Analyst Review

The global electric vehicle battery market attained a value of USD 38.0 billion in 2020, driven by the increased demand for electric vehicles. Aided by the favourable government policies, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 19.2%. The market is projected to reach a value of USD 109 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of battery type, the market can be distributed into lithium-ion, lead-acid, nickel-metal-hydride, and others. By vehicle type, the industry can be segmented into passenger car, commercial vehicle, and two wheeler. The market can be categorised based on propulsion type into battery electric vehicle (BEV), plug in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). The major regional markets for electric vehicle battery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BYD Company Ltd., Samsung SDI Co. Ltd., Contemporary Amperex Technology Co., Limited., Mitsubishi Electric Corporation, Panasonic Corporation, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER