Electric Vehicle Battery Market
Global Electric Vehicle Battery Market Size, Share & Trends Analysis Report By Vehicle Type (Commercial Vehicles, Passenger Cars, and Two-Wheeler), By Battery Type (NiMH, Li-Ion, and Others), By Application (Public, and Private) Forecast Period 2020-2026 Update Available - Forecast 2024-2030
Global electric vehicle battery market is anticipated to showcase a lucrative CAGR during the forecast period. According to the International Energy Agency, in 2019, 2.1 million electric cars were sold globally. With technological progress in the electrification of cars, two/three-wheelers, buses, and trucks the market for EVs is significantly expanding. Batteries are the focal point of the electric vehicle market; therefore, the rising EV sales across the globe owing to its environment-friendly nature are driving the global electric vehicle battery market. The rising investment of battery manufacturers for the expansion of their production facilities to meet the growing demand for batteries is also anticipated to fuel the global market growth.
The market is segmented on the basis of battery type, vehicle type, and propulsion technology. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on the battery type; the Li-ion batteries market is anticipated to exhibit considerable growth due to its light-weight characteristic. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheelers. Based on propulsion technology the market is sub-segmented into battery electric vehicles, plug-in hybrid electric vehicles. Based on the propulsion type, the battery electric vehicle segment is anticipated to have considerable market growth during the forecast period.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is anticipated to hold a considerable share in the electric vehicle battery market. The competitive lithium-ion battery prices along with the rapid adoption of EVs are among the key factors to contribute towards the high share of the regional market. Europe is projected to exhibit considerable growth in the market due to the rising interest of automobile manufacturers towards the adoption of green technologies in automobiles.
Hitachi, Ltd., Tesla, Inc., NEC Corp., Panasonic Corp., and Sony Corp. are among the key electric vehicle battery manufacturers operating in the global electric vehicle battery market. These players are actively involved in the expansion of their market share by adopting several growth strategies such as the establishment of new battery manufacturing plants or entering into partnerships with the major electric vehicle manufacturer.
Research Methodology
The market study of the global electric vehicle battery market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Electric Vehicle Battery Market Research And Analysis By Vehicle Type
- Global Electric Vehicle Battery Market Research And Analysis By Battery Type
- Global Electric Vehicle Battery Market Research And Analysis By Propulsion Type
The Report Covers
- Comprehensive research methodology of the global electric vehicle battery market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global electric vehicle battery market.
- Insights about market determinants that are stimulating the global electric vehicle battery industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Hitachi Ltd.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. NEC Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Tesla Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Panasonic Corp.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Sony Corp.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. Global Electric Vehicle Battery Market by Vehicle Type
5.1.1. Commercial Vehicles
5.1.2. Passenger Cars
5.1.3. Two-Wheelers
5.2. Global Electric Vehicle Battery Market by Battery Type
5.2.1. NiMH
5.2.2. Li-Ion
5.2.3. Others
5.3. Global Electric Vehicle Battery Market by Propulsion Type
5.3.1. Battery Electric Vehicles
5.3.2. Plug-in Hybrid Electric Vehicle
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. BMZBatterien-Montage-Zentrum GmbH
7.2. BYD Co. Ltd.
7.3. Contemporary Amperex Technology Co., Ltd.
7.4. Custom Cells Itzehoe GmbH
7.5. Daimler AG
7.6. Envision AESC (Automotive Energy Supply Corp.)
7.7. EAS Batteries GmbH
7.8. Hankook AtlasBX Co., Ltd.
7.9. LG Chem Ltd.
7.10. Liacon GmbH
7.11. NorthVolt AB
7.12. Samsung SDI Co., Ltd.
7.13. Shenzhen BAK Technology Co. Ltd.
7.14. SK Innovation Co. Ltd.
7.15. Svolt Energy Technology Co., Ltd.
7.16. Zibo Torch Energy Co., Ltd.
1. GLOBAL ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
2. GLOBAL COMMERCIAL VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL PASSENGER CARS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL TWO-WHEELERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2019-2026 ($ MILLION)
6. GLOBAL NIMH MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
7. GLOBAL LI-ION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2019-2026 ($ MILLION)
10. GLOBAL BATTERY ELECTRIC VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION,2019-2026 ($ MILLION)
11. GLOBAL PLUG-IN ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
13. NORTH AMERICAN ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
14. NORTH AMERICAN ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2019-2026 ($ MILLION)
15. NORTH AMERICAN ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2019-2026 ($ MILLION)
16. EUROPE ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. EUROPE ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
18. EUROPE ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2019-2026 ($ MILLION)
19. EUROPE ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2019-2026 ($ MILLION)
20. ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
21. ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2019-2026 ($ MILLION)
24. REST OF THE WORLD ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
25. REST OF THE WORLD ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2019-2026 ($ MILLION)
26. REST OF THE WORLD ELECTRIC VEHICLE BATTERY MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2019-2026 ($ MILLION)
1. GLOBAL ELECTRIC VEHICLE BATTERY MARKET SHARE BY VEHICLE TYPE, 2019 VS 2026 (%)
2. GLOBAL ELECTRIC VEHICLE BATTERY MARKET SHARE BY BATTERY TYPE, 2019 VS 2026 (%)
3. GLOBAL ELECTRIC VEHICLE BATTERY MARKET SHARE BY PROPULSION TYPE, 2019 VS 2026 (%)
4. GLOBAL ELECTRIC VEHICLE BATTERY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL COMMERCIAL VEHICLES BATTERY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
6. GLOBAL PASSENGER CARS BATTERY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
7. GLOBAL TWO-WHEELER BATTERY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
8. GLOBAL NIMH BATTERY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
9. GLOBAL LI-ION BATTERY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
10. GLOBAL OTHERS BATTERY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
11. GLOBAL BATTERY ELECTRIC VEHICLES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
12. GLOBAL PLUG-IN HYBRID ELECTRIC VEHICLE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
13. THE US ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
14. CANADA ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
15. UK ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
16. FRANCE ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
17. GERMANY ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
18. ITALY ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
19. SPAIN ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
20. REST OF EUROPE ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
21. INDIA ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
22. CHINA ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
23. JAPAN ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
24. REST OF ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
25. REST OF THE WORLD ELECTRIC VEHICLE BATTERY MARKET SIZE, 2019-2026 ($ MILLION)
