With the projected size of the global automotive market, expansion of battery manufacturing capacity will largely be driven by electrification in the car market. Indeed, the electrification of cars is a crucial driver in cutting unit costs of automotive battery packs that can be used in a variety of road modes. For instance, according to International Council on Clean Transportation (ICCT) several estimates indicate that battery pack costs will decline to $130–$160/kWh by 2020–2022, and then to $120–$135/ kWh by 2025. However, Tesla states it will reach $100/kWh by 2022, associated with its NCA-based battery pack technology.

According to UnivDatos Market Insights (UMI)’ research report “Global Electric Vehicle Battery Market”, the market is expected to witness a CAGR growth of more than 20% during the forecast period 2021-2027F. The combination of policy support, improvements in battery technology and cost, more charging infrastructure being built, and new compelling models from automakers are the major factors driving the growth of the market. Major companies investing heavily in EV models to increase their customer reach is further driving the market growth in the global context.

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Based on the Propulsion Type, the global electric vehicle battery market is bifurcated into Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV). Currently, battery electric vehicles hold the largest market share owing to the fact that BEV models are offered in most vehicle segments in all regions.

Based on Battery Type, the market is bifurcated into lead-acid, lithium-ion, nickel-metal hybrid, and solid state. The emergence of Lithium-ion technology has fueled the growth rate for batteries over the last two decades. High-energy density, charge retention capacity, and low maintenance are some of the benefits that have accelerated the growth of Li-ion as a battery technology.

Asia-Pacific Held Lion’s Share Owing to Large Electric Vehicle Industry in China

Based on regions, the report provides detail analysis for overall adoption of EV in the Global region including North America, Europe, Asia-Pacific, and rest of World. Asia-Pacific has grabbed the major market share owing to the fact that China already accounts for 45% of EVs on road of the world which is 2.3 million in 2018. In addition, availability of cheap raw material and skilled coupled with the number of schemes and incentives provided by government to promote the growth of EV vehicles in different countries.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Electric Vehicle Battery Market are Panasonic Corporation, Mitsubishi Electric Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., Exide Industries Ltd., BYD Company Limited, Wanxiang Group Corporation, Contemporary Amperex Technology Co. Limited, Tianneng Power International Limited, EnerSys. These companies are investing heavily on EV battery production & technology to increase their customer base.

“Global Electric Vehicle Battery Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

  1. By Propulsion Type ((Battery Electric Vehicles (BEV) (Passenger Vehicles and Commercial Vehicles) and Plug-in Hybrid Electric Vehicles (PHEV) (Passenger Vehicles and Commercial Vehicles))
  2. By Battery Type (Lead Acid, Lithium-ion, Nickel-metal Hybrid, and Solid-state)
  3. By Battery Capacity (<50kWh, >50-110kWh, >110-200kWh, >200-300kWh, and >300kWh)
  4. By Region (North America, Europe, Asia-Pacific, and Rest of World)
  5. By Company (Panasonic Corporation, Mitsubishi Electric Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., Exide Industries Ltd., BYD Company Limited, Wanxiang Group Corporation, Contemporary Amperex Technology Co. Limited, Tianneng Power International Limited, EnerSys)

Key questions answered in the study:

  1. What are the current and future trends of the global electric vehicle battery industry?
  2. How the industry has been evolving in terms of end-user demand and product category?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the global electric vehicle battery industry?
  5. What is the customer orientation, purchase behavior, and expectations from the global electric vehicle battery suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ELECTRIC VEHICLE BATTERY MARKET AMID COVID-19

6 GLOBAL ELECTRIC VEHICLE BATTERY MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PORPULSION TYPE

8 MARKET INSIGHTS BY BATTERY TYPE

9 MARKET INSIGHTS BY BATTERY CAPACITY

10 MARKET INSIGHTS BY REGION 10.  MARKET INSIGHTS BY REGION

11 ELECTRIC VEHICLE BATTERY MARKET DYNAMICS

12 ELECTRIC VEHICLE BATTERY MARKET OPPORTUNITIES

13 ELECTRIC VEHICLE BATTERY MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.