Global Electric Vehicle (EV) Battery Market, Analysis and Forecast to 2030, By Battery Type, By Propulsion Type, By Vehicle Type
- Published Date : 2024-03-20
- Pages : 100
- Report Id : 40359
- Categories : ICT & Semiconductor
This report describes the global market size of Electric Vehicle (EV) Battery Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 10.10% from 2023 to 2030.
An electric vehicle (EV) battery is a rechargeable energy storage device designed to power the electric propulsion system of an electric vehicle. It stores electrical energy in a chemical form and releases it to drive an electric motor, which, in turn, propels the vehicle. The development and efficiency of electric vehicle batteries play a crucial role in the performance, range, and overall viability of electric vehicles.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Electric Vehicle (EV) Battery Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 10.10% during the forecast period 2023-2030. North American market for Electric Vehicle (EV) Battery Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of 10.10% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Electric Vehicle (EV) Battery Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Battery Type
Lithium-Ion Battery
Lead-Acid Battery
Others (Solid-state Battery, Nickel-Metal Hydride, Sodium-ion Battery)
In 2022, the lithium-ion battery segment dominated the market and generated over 67.1% of global revenue. Throughout the projection period, the segment is also expected to grow at the highest CAGR. Lithium-ion batteries are becoming widely used in electric vehicles due to their many advantages. They are significantly lighter than lead-acid batteries by up to 61% and have a higher energy density, which enables the creation of battery packs that are more compact and require less space. Manufacturers of electric vehicles prefer to use lithium-ion batteries because they are very efficient and can be fully charged in one to three hours. Consequently, the use of lithium-ion batteries in electric vehicles has increased dramatically.
By Propulsion Type
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
In 2022, the battery electric vehicle (BEV) segment held a dominant market share, accounting for over 70.1% of global revenue. Throughout the projection period, the segment is also expected to grow at the highest CAGR. BEVs are entirely electric cars without a gasoline engine that run on rechargeable battery packs. The rising interest in BEVs among consumers and the government's encouraging policies to achieve net-zero emissions in the near future are the main reasons behind the growing popularity of removable and rechargeable EV batteries. In order to achieve a zero-carbon footprint, it is crucial to reduce waste and extend the lifespan of batteries like these, which can be reused multiple times.
By Vehicle Type
Two-Wheeler
Passenger Cars
Buses
Commercial Light Duty Vehicles
Three-Wheeler
Four-Wheeler
Others (Trucks, Trailers)
In 2022, the passenger car segment held a market share of more than 41.1%. The segment is expanding due to the rising sales of electric passenger cars, which include sedans, hatchbacks, SUVs, and other models like XUVs, station wagons, and minivans. The IEA reports that sales of electric passenger cars will surpass 10 million in 2022, indicating an exponential growth in the market. It is anticipated that electric vehicle sales will continue to be strong until 2023. More than 2.3 million electric vehicles were sold in the first quarter of this year, a 26% increase from the same period in 2022.
By Company
Contemporary Amperex Technology Co., Ltd. (CATL)
LG Energy Solution
BYD Company Ltd.
Panasonic Corp.
Samsung SDI Co., Ltd.
SK Innovation Co., Ltd.
Toshiba Corporation
EnerSys, Inc.
Hitachi, Ltd.
Mitsubishi Corp.
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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TABLE OF CONTENTS
Market Taxonomy
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis and Recommendations
1.3. RA Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
3. Market Background
3.1. Parent/Associated Market Overview
3.1.1. Electric Vehicle (EV) Battery Market Outlook
3.1.2. Electric Vehicle (EV) Battery Market Overview
3.2. Effect of Covid-19 Impact
3.3. Effect of Russia-Ukraine Impact
3.4. Macro-Economic Overview
3.4.1. GDP Growth
3.4.2. Retail Industry Growth
3.5. Pricing Analysis
3.6. Challenges related to adoption of Electric Vehicle (EV) Battery
3.7. Regulations of Electric Vehicle (EV) Battery Market
3.8. Forecast Factors: Relevance and Impact
3.9. Market Dynamics
3.9.1. Drivers
3.9.2. Restraints
3.9.3. Opportunity
3.9.4. Trends
3.9.5. SWOT Analysis
4. Market Forecast
4.1. Market Value Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute Opportunity Analysis
5. Global Electric Vehicle (EV) Battery Value Chain Analysis
5.1. Electric Vehicle (EV) Battery Value Chain
5.1.1. List of Raw Material Suppliers
5.1.2. List of Electric Vehicle (EV) Battery Manufacturer
5.1.3. List of Segment
6. Global Electric Vehicle (EV) Battery Market Analysis By Battery Type
6.1. Introduction
6.1.1. Market Value Share Analysis By Battery Type
6.1.2. Y-o-Y Growth Analysis By Battery Type
6.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Battery Type
6.3. Market Attractiveness Analysis By Battery Type
7. Global Electric Vehicle (EV) Battery Market Analysis By Propulsion Type
7.1. Introduction
7.1.1. Market Value Share Analysis By Propulsion Type
7.1.2. Y-o-Y Growth Analysis By Propulsion Type
7.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Propulsion Type
7.3. Market Attractiveness Analysis By Propulsion Type
8. Market Structure Analysis
8.1. Market Analysis by Tier of Companies
8.1.1. By Large, Medium, and Small
8.2. Market Concentration
8.2.1. By Top 5 and by Top 10
8.3. Production Capacity Share Analysis
8.3.1. By Large, Medium, and Small
8.3.2. By Top 5 and Top 10
8.4. Technology Roadmap
9. Competition Analysis
9.1. Competition Dashboard
9.2. Company Profiles (15 Companies)
9.2.1. Contemporary Amperex Technology Co., Ltd. (CATL)
9.2.1.1. Overview
9.2.1.2. Product Portfolio
9.2.1.3. Financial Overview
9.2.2. LG Energy Solution
9.2.2.1. Overview
9.2.2.2. Product Portfolio
9.2.2.3. Financial Overview
9.2.3. BYD Company Ltd.
9.2.3.1. Overview
9.2.3.2. Product Portfolio
9.2.3.3. Financial Overview
9.2.4. Panasonic Corp.
9.2.4.1. Overview
9.2.4.2. Product Portfolio
9.2.4.3. Financial Overview
9.2.5. Samsung SDI Co., Ltd.
9.2.5.1. Overview
9.2.5.2. Product Portfolio
9.2.5.3. Financial Overview
9.2.6. SK Innovation Co., Ltd.
9.2.6.1. Overview
9.2.6.2. Product Portfolio
9.2.6.3. Financial Overview
9.2.7. Toshiba Corporation
9.2.7.1. Overview
9.2.7.2. Product Portfolio
9.2.7.3. Financial Overview
9.2.8. EnerSys, Inc.
9.2.8.1. Overview
9.2.8.2. Product Portfolio
9.2.8.3. Financial Overview
9.2.9. Hitachi, Ltd.
9.2.9.1. Overview
9.2.9.2. Product Portfolio
9.2.9.3. Financial Overview
9.2.10. Mitsubishi Corp.
9.2.10.1. Overview
9.2.10.2. Product Portfolio
9.2.10.3. Financial Overview
9.2.11. COMPANY11
9.2.11.1. Overview
9.2.11.2. Product Portfolio
9.2.11.3. Financial Overview
9.2.12. COMPANY12
9.2.12.1. Overview
9.2.12.2. Product Portfolio
9.2.12.3. Financial Overview
9.2.13. COMPANY13
9.2.13.1. Overview
9.2.13.2. Product Portfolio
9.2.13.3. Financial Overview
9.2.14. COMPANY14
9.2.14.1. Overview
9.2.14.2. Product Portfolio
9.2.14.3. Financial Overview
9.2.15. COMPANY15
9.2.15.1. Overview
9.2.15.2. Product Portfolio
9.2.15.3. Financial Overview
10. Global Electric Vehicle (EV) Battery Market Analysis By Region
10.1. Introduction
10.1.1. Market Value Share Analysis By Region
10.1.2. Y-o-Y Growth Analysis By Region
10.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Region
10.2.1. North America
10.2.2. Middle East and Africa
10.2.3. South America
10.2.4. Asia Pacific
10.2.5. Others
10.3. Current Market Size (USD Mn) Forecast 2023-2030 By Region
10.3.1. North America
10.3.2. Middle East and Africa
10.3.3. South America
10.3.4. Asia Pacific
10.3.5. Others
10.4. Market Attractiveness Analysis By Region
11. North America Electric Vehicle (EV) Battery Market Analysis
11.1. Introduction
11.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
11.2.1. U.S.
11.2.2. Canada
11.2.3. Mexico
11.2.4. Rest of North America
11.3. Current Market Size (USD Mn) Forecast 2023-2030 By Country
11.3.1. U.S.
11.3.2. Canada
11.3.3. Mexico
11.3.4. Rest of North America
11.4. Historical Market Size (USD Mn) Analysis 2018-2022 By Battery Type
11.5. Current Market Size (USD Mn) Forecast 2023-2030 By Battery Type
11.6. Historical Market Size (USD Mn) Analysis 2018-2022 By Propulsion Type
11.7. Current Market Size (USD Mn) Forecast 2023-2030 By Propulsion Type
12. South America Electric Vehicle (EV) Battery Market Analysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
12.3.1. Brazil
12.3.2. Argentina
12.3.3. Rest of South America
12.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of South America
12.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Battery Type
12.6. Current Market Size (USD Mn) Forecast 2023-2030 By Battery Type
12.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Propulsion Type
12.8. Current Market Size (USD Mn) Forecast 2023-2030 By Propulsion Type
13. Europe Electric Vehicle (EV) Battery Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
13.3.1. Germany
13.3.2. Italy
13.3.3. France
13.3.4. Spain
13.3.5. U.K.
13.3.6. Rest of Europe
13.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
13.4.1. Germany
13.4.2. Italy
13.4.3. France
13.4.4. Spain
13.4.5. U.K.
13.4.6. Rest of Europe
13.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Battery Type
13.6. Current Market Size (USD Mn) Forecast 2023-2030 By Battery Type
13.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Propulsion Type
13.8. Current Market Size (USD Mn) Forecast 2023-2030 By Propulsion Type
14. Middle East and Africa Electric Vehicle (EV) Battery Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
14.3.1. Saudi Arabia
14.3.2. U.A.E.
14.3.3. South Africa
14.3.4. Turkey
14.3.5. Rest of Middle East and Africa
14.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
14.4.1. Saudi Arabia
14.4.2. U.A.E.
14.4.3. South Africa
14.4.4. Turkey
14.4.5. Rest of Middle East and Africa
15. Asia Pacific Electric Vehicle (EV) Battery Market Analysis
15.1. Introduction
15.2. Regional Pricing Analysis
15.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
15.3.1. China
15.3.2. India
15.3.3. Japan
15.3.4. South Korea
15.3.5. Singapore
15.3.6. Australia and New Zealand
15.3.7. Rest of Asia Pacific
15.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
15.4.1. China
15.4.2. India
15.4.3. Japan
15.4.4. South Korea
15.4.5. Singapore
15.4.6. Australia and New Zealand
15.4.7. Rest of Asia Pacific
i. Research Methodology
ii. Assumptions & Acronyms
LIST OF FIGURES
Figure 01: Global Electric Vehicle (EV) Battery market, BPS Analysis, by Battery Type, 2018(H), 2023(E) & 2030(F)
Figure 02: Global Electric Vehicle (EV) Battery market, Y-O-Y Growth, by Battery Type, 2020(A) - 2030(F)
Figure 03: Global Electric Vehicle (EV) Battery Market Attractiveness Analysis, by Battery Type (2020)
Figure 04: Global Electric Vehicle (EV) Battery market, BPS Analysis, by Propulsion Type, 2018(H), 2023(E) & 2030(F)
Figure 05: Global Electric Vehicle (EV) Battery market, Y-O-Y Growth, by Propulsion Type, 2018(H) - 2030(F)
Figure 06: Global Electric Vehicle (EV) Battery Market Attractiveness Analysis, by Propulsion Type
Figure 07: Global Electric Vehicle (EV) Battery Market, Value Analysis, by Battery Type, 2018(H)-2030(F)
Figure 08: Global Electric Vehicle (EV) Battery Market, Value Analysis, by Propulsion Type, 2018(H)-2030(F)
Figure 09: Global Electric Vehicle (EV) Battery market, BPS Analysis, by Region, 2018(H), 2023(E) & 2030(F)
Figure 10: Global Electric Vehicle (EV) Battery market, Y-O-Y Growth, by Region, 2018(H) - 2030(F)
Figure 11: Global Electric Vehicle (EV) Battery Market Attractiveness Analysis, by Region
Figure 12: North America Electric Vehicle (EV) Battery Market Value (USD Mn Forecast, 2018 � 2022
Figure 13: North America Electric Vehicle (EV) Battery Market Value (USD Mn Forecast, 2023 � 2030
Figure 14: South America Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, 2018 � 2022
Figure 15: South America Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, 2023 � 2030
Figure 16: Europe Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, 2018 � 2022
Figure 17: Europe Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, 2023 � 2030
Figure 18: Middle East and Africa Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, 2018 � 2022
LIST OF TABLES
Table 01: Global Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Battery Type, 2018(H) � 2030(F)
Table 02: Global Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Propulsion Type, 2018(H) � 2030(F)
Table 03: Global Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 04: North America Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 05: North America Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Battery Type, 2018(H) � 2030(F)
Table 06: North America Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Propulsion Type, 2018(H) � 2030(F)
Table 07: South America Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 08: South America Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Battery Type, 2018(H) � 2030(F)
Table 09: South America Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Propulsion Type, 2018(H) � 2030(F)
Table 10: Europe Electric Vehicle (EV) Battery Market Value (USD Mn) and Forecast, by Country, 2018(H) � 2030(F)
Table 11: Europe Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Battery Type, 2018(H) � 2030(F)
Table 12: Europe Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Propulsion Type Type, 2018(H) � 2030(F)
Table 13: Middle East and Africa Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 14: Middle East and Africa Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Battery Type, 2018(H) � 2030(F)
Table 15: Middle East and Africa Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Propulsion Type, 2018(H) � 2030(F)
Table 16: Asia Pacific Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 17: Asia Pacific Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Battery Type, 2018(H) � 2030(F)
Table 18: Asia Pacific Electric Vehicle (EV) Battery Market Value (USD Mn) Forecast, by Propulsion Type, 2018(H) � 2030(F)
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