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EV Battery Market by Battery Type (Lead-acid, Li-ion, Na-ion, NiMH, SSB), Propulsion (BEV, PHEV, ECEV, HEV), Battery Form, Vehicle Type, Material Type, Battery Capacity, Method, Li-ion Battery Component and Region - Forecast to 2033

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    Report

  • 424 Pages
  • January 2024
  • Region: Global
  • Markets and Markets
  • ID: 5295210
Description Jump to:
The global EV battery market is projected to grow from USD 132.6 Billion in 2023 to USD 508.8 Billion by 2033, registering a CAGR of 14.1%. As concerns about climate change and air pollution mount, people are increasingly turning to EVs as a cleaner and more sustainable alternative to gasoline-powered vehicles. This surge in demand for EVs is naturally driving up the demand for EV batteries. Further, Battery technology is constantly evolving, with researchers making significant strides in improving range, lifespan, and charging times. These advancements are making EVs more practical and appealing to consumers, further fueling the market for EV batteries.

Prismatic form to hold largest market share during the forecast period

Prismatic cells represent a more compact form of cylindrical cells, with the internal layers of the anode, cathode, and separators being folded into a cubic or flattened spiral form. This gives it a more compact structure. The battery contents are held together by a casing made of aluminum or plastic. Although prismatic cells have relatively less energy density (20 - 50% less than cylindrical cells), prismatic cells offer better space utilization. Prismatic cells can be costlier to manufacture than cylindrical cells despite being jelly-rolled due to large surface areas and a more complicated process of rolling inside layers. CATL, BYD, and Samsung SDI are major manufacturers of prismatic cells. For instance, in October 2023, Samsung SDI announced the company had clinched a supply deal for electric vehicle batteries with Hyundai Motor Company for the first time. Samsung SDI will supply prismatic batteries for Hyundai Motor’s EVs, targeting the European market for seven years from 2026 through 2032. This development will increase the demand for urban transit trains during the forecast period.

By material lithium segment is expected to lead the market during the forecast period

Lithium is a necessary component in the cathodes of lithium-ion batteries. Continuous advancements in battery technology, aiming for improved energy density and efficiency, frequently entail the use of more lithium or the development of variations such as lithium iron phosphate (LFP) batteries. Moreover, A global effort is underway to invest in lithium production and processing capacity. South America (especially Chile, Argentina, and Bolivia), Australia, and parts of North America are all heavily involved in lithium mining and extraction. In 2022, companies based in China nearly doubled their investment in minerals. This higher energy density, which improves the vehicle range, is a critical factor in their widespread adoption. The demand for lithium will be primarily driven by the high demand for lithium-ion batteries that are used in BEVs. In November 2023, Exxon Mobil Corporation announced plans to become a leading producer of lithium, a key component of EV batteries. The company has started the first phase of North American lithium production in southwest Arkansas, an area known to hold significant lithium deposits. The product offer will be branded as Mobil™ Lithium, building on the rich history of deep technical partnership between Mobil and the automotive sector. Thus, with the rising demand for EVs, increasing mining activities for lithium, and significant investments by OEMs and battery manufacturers, the demand for lithium is likely to grow significantly.

Europe to be the fastest growing market for EV battery during the forecast period

OMEs in Europe are investing heavily in domestic battery production. The goal is to achieve self-sufficiency and reduce reliance on Asian battery giants. Several gigafactories are being planned and constructed across the continent, creating thousands of jobs and boosting the European economy. Major automakers, tech companies, and private investors are pouring billions of euros into the European EV battery market, recognizing its immense potential. This influx of capital is accelerating innovation and production, further propelling the market's growth. Moreover, Electric vehicle demand in Europe is constantly increasing. Consumers are becoming more ecologically concerned, and they are looking for environmentally friendly transportation solutions. Automobile manufacturers have responded by extending their electric car portfolios, resulting in increased demand for EV batteries.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
  • By Company Type: OEMs - 57%, Tier I - 29%, Tier II - 14%
  • By Designation: CXOs - 54%, Directors - 32%, Others - 14%
  • By Region: North America - 29%, Europe - 38%, Asia Pacific - 33%
The EV battery market is dominated by established players such as CATL (China), LG Energy Solution Ltd. (South Korea), BYD Company Ltd. (China), Panasonic Holdings Corporation (Japan), and SK Innovation Co., Ltd. (South Korea). These companies manufacture battery and develop new technologies. These companies have set up R&D facilities and offer best-in-class products to their customers.

Research Coverage

The Market Study Covers the EV Battery Market By Battery Type (Lead-Acid, Lithium-Ion, Solid-State, Nickel-Metal Hydride, Sodium-Ion, and Others), By Lithium-Ion Battery Component (Positive Electrode, Negative Electrode, Electrolyte, and Separator), By Propulsion (Battery Electric Vehicle (BEV), Plug-Hybrid Electric Vehicle (PHEV), And Fuel Cell Electric Vehicle (FCEV) and Hybrid Electric Vehicle (HEV)), By Vehicle Type (Passenger Cars, Vans/Light Trucks, Medium & Heavy Trucks, Buses, And Off-Highway Vehicles), By Method (Wire Bonding, Laser Bonding, and Ultrasonic Metal Welding), By Battery Capacity (< 50 kWh, 50 - 110 kWh, 111 - 200 kWh, 201 - 300 kWh, and >300 kWh), By Material Type (Cobalt, Lithium, Natural Graphite, Manganese, Iron, Phosphate, Nickel, and Others), By Battery Form (Prismatic, Pouch, and Cylindrical), and Region (North America, Europe, and Asia Pacific). It also covers the competitive landscape and company profiles of the major players in the EV battery market ecosystem.

Key Benefits of the Report

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall EV battery market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing sales of EVs, Improvements in battery technology, Targets to reduce vehicle emissions, Launch of new plug-in models by major EV manufacturers, Reducing prices of EV batteries), restraints (Procurement concerns related to raw materials, Low number of charging stations in emerging economies, Development in hydrogen and ethanol vehicles), opportunities (Introduction of battery-as-a-service (BaaS) models, Development in solid-state batteries, Increase in R&D efforts toward creating more advanced battery chemistries), and challenges (High initial investments and high cost of electricity, Low availability of lithium for use in EV batteries, Concerns over battery safety, High cost of EVs compared to ICE vehicles) influencing the growth of the EV battery market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the EV battery market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the EV battery market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the EV battery market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like CATL (China), LG Energy Solution Ltd. (South Korea), BYD Company Ltd. (China), Panasonic Holdings Corporation (Japan), and SK Innovation Co., Ltd. (South Korea) and among others in the EV battery market Page 25 of 34 strategies. The report also helps stakeholders understand the pulse of the EV market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
Table 1 EV Battery Market Definition, by Battery Type
Table 2 EV Battery Market Definition, by Lithium-Ion Battery Component
Table 3 EV Battery Market Definition, by Propulsion
Table 4 EV Battery Market Definition, by Vehicle Type
Table 5 EV Battery Market Definition, by Material Type
Table 6 EV Battery Market Definition, by Method
Table 7 EV Battery Market Definition, by Battery Form
1.3 Inclusions and Exclusions
Table 8 Inclusions and Exclusions for EV Battery Market
1.4 Market Scope
1.4.1 Market Covered
Figure 1 EV Battery Market Segmentation
1.4.2 Regions Covered
1.5 Years Considered
1.6 Currency Considered
Table 9 Currency Exchange Rates (Per USD)
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Research Design
Figure 3 Research Methodology Model
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
Table 10 List of Participating Companies for Primary Research
Figure 4 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.1.2.2 List of Primary Participants
2.2 Market Estimation Methodology
Figure 5 Research Methodology: Hypothesis Building
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 EV Battery Market Estimation Notes
2.4 Data Triangulation
Figure 9 Data Triangulation
2.5 Analysis of Factors Impacting EV Market
2.5.1 Factor Analysis for Market Sizing: Demand and Supply Sides
2.6 Recession Impact Analysis
2.7 Research Assumptions
2.8 Research Limitations
3 Executive Summary
Figure 10 EV Battery Market Overview
Figure 11 EV Battery Market, by Vehicle Type, 2023-2033
Figure 12 EV Battery Market, by Region, 2023-2033
4 Premium Insights
4.1 Attractive Opportunities for Players in EV Battery Market
Figure 13 Growing Adoption of EVs and Rising Government Incentives to Drive Market
4.2 EV Battery Market, by Vehicle Type
Figure 14 Passenger Cars Segment to Lead Market During Forecast Period
4.3 EV Battery Market, by Propulsion
Figure 15 BEV Segment Hold Largest Market Share During Forecast Period
4.4 EV Battery Market, by Battery Form
Figure 16 Prismatic Segment to Lead Market During Forecast Period
4.5 EV Battery Market, by Material Type
Figure 17 Natural Graphite Segment to Register Highest CAGR During Forecast Period
4.6 EV Battery Market, by Lithium-Ion Battery Component
Figure 18 Negative Electrode Segment to Lead Market During Forecast Period
4.7 EV Battery Market, by Battery Capacity
Figure 19 50-110 kWh Segment to Lead Market During Forecast Period
4.8 EV Battery Market, by Battery Type
Figure 20 Lithium-Ion to be Largest Battery Type Segment During Forecast Period
4.9 EV Battery Market, by Method
Figure 21 Laser Bonding Segment to Lead Market During Forecast Period
4.10 EV Battery Market, by Region
Figure 22 Asia-Pacific to Account for Largest Market Share During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Sales of EVs
Figure 24 Electric Passenger Car Sales, 2019-2022
5.2.1.2 Improvements in Battery Technology
Table 11 Innovation in Battery, by Key Manufacturer
5.2.1.3 Targets to Reduce Vehicle Emissions
Figure 25 EV-Related Policies Worldwide
Table 12 Government Initiatives for EV Battery Development, 2020-2023
5.2.1.4 Launch of New Plug-In Models by Major EV Manufacturers
Table 13 Latest EV Models by OEMs, 2021-2023
5.2.1.5 Reducing Prices of EV Batteries
Figure 26 EV Battery Pricing Analysis, 2019-2022
5.2.2 Restraints
5.2.2.1 Procurement Concerns Related to Raw Materials
Figure 27 Country-Wise Cobalt Reserves, 2022
Figure 28 Country-Wise Lithium Reserves, 2022
5.2.2.2 Low Number of Charging Stations in Emerging Economies
Table 14 EV Charging Points in Emerging Economies, 2022
5.2.2.3 Development in Hydrogen and Ethanol Vehicles
5.2.3 Opportunities
5.2.3.1 Introduction of Battery-As-A-Service (BaaS) Models
Figure 29 Battery-As-A-Service in EVs
5.2.3.2 Development in Solid-State Batteries
Figure 30 Solid-State Batteries’ Carbon Footprint, 2022
5.2.3.3 Increase in R&D Efforts Toward Creating More Advanced Battery Chemistries
5.2.4 Challenges
5.2.4.1 High Initial Investments and High Cost of Electricity
Table 15 Global Average Electricity Cost, 2023
5.2.4.2 Low Availability of Lithium for Use in EV Batteries
Figure 31 Lithium-Ion Demand and Supply, 2016-2030
5.2.4.3 Concerns Over Battery Safety
5.2.4.4 High Cost of EVs Compared to Ice Vehicles
Figure 32 Cost Comparison of EVs and Ice Vehicles
Table 16 Impact of Market Dynamics
5.3 Average Selling Pricing Analysis
5.3.1 Average Selling Price, by Region
Figure 33 Average Selling Price, by Region
5.3.2 Average Selling Price, by Raw Material
Figure 34 Cost Per kWh of Major Raw Materials Used in EV Batteries, 2022
Figure 35 Cost Breakdown of Cell, by Material, 2022
5.4 Ecosystem Analysis
Figure 36 Ecosystem Analysis
5.4.1 OEMs
5.4.2 Battery Pack/Cell Suppliers
5.4.3 Raw Material Suppliers
5.4.4 Anode Material Suppliers
5.4.5 Cathode Material Suppliers
Table 17 Role of Companies in Ecosystem
Table 18 Top EVs with Battery Specification
5.5 Value Chain Analysis
Figure 37 EV Battery Market: Value Chain Analysis
Figure 38 Lithium-Ion Battery Market: Value Chain Analysis
5.6 Case Study Analysis
5.6.1 Technical Assessment of Reusing Retired EV Lithium-Ion Batteries in Thailand
5.6.2 Development of Blade Battery to Increase Energy Density
5.7 Patent Analysis
Table 19 Patent Analysis (Active Patents), 2021-2023
Figure 39 Active Patents Related to EV Batteries, 2010-2022
5.8 Technology Analysis
5.8.1 Introduction
5.8.2 Improvements in Battery Composition
5.8.3 Advancements in Battery Charging Rate
Figure 40 Charging Time for Cars, by Model (In Hours)
5.8.4 Battery-Related Services
5.8.5 Battery Optimization
5.8.6 Lithium-Sulfur Batteries
5.8.7 Saltwater Battery
5.8.8 Cell-To-Pack Technology
5.8.9 Cell-To-Chassis Battery Technology
5.8.10 Ab Battery System
5.8.11 Recycling and Second-Life Battery
5.8.12 Sodium-Ion Battery
5.9 Tariff and Regulatory Landscape
5.9.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 20 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 21 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 22 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 23 Changes in Regulatory Environment Globally
Table 24 Regulations/Voluntary Procedures for EV Battery Performance
Table 25 Regulations/Voluntary Procedures for EV Battery Durability
Table 26 Regulations/Voluntary Procedures for EV Battery Safety
Table 27 Regulations/Voluntary Procedures for EV Battery Recycling
5.10 Trade Data Analysis
Table 28 Trade Data for Motor Vehicles in 2022 (HS 8703)
5.11 Lithium Mining Investments, 2022-2023
Table 29 Battery Manufacturers’ Investment in Lithium Mining, 2022-2023
5.12 Trends and Disruptions Impacting Customer Business
Figure 41 Revenue Shift and New Revenue Pockets for Players in EV Battery Market
5.13 Key Conferences and Events, 2023-2024
Table 30 List of Conferences and Events, 2023-2024
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Table 31 Influence of Key Stakeholders on Buying EV Batteries
5.14.2 Buying Criteria
Figure 42 Key Buying Criteria
Table 32 Key Buying Criteria
6 EV Battery Market, by Battery Capacity
6.1 Introduction
Figure 43 111-200 kWh Segment to Register Highest CAGR During Forecast Period
Table 33 EV Battery Market, by Battery Capacity, 2019-2022 (Thousand Units)
Table 34 EV Battery Market, by Battery Capacity, 2023-2027 (Thousand Units)
Table 35 EV Battery Market, by Battery Capacity, 2028-2033 (Thousand Units)
Table 36 EV Battery Market, by Battery Capacity, 2019-2022 (USD Million)
Table 37 EV Battery Market, by Battery Capacity, 2023-2027 (USD Million)
Table 38 EV Battery Market, by Battery Capacity, 2028-2033 (USD Million)
6.1.1 Operational Data
Table 39 Electric Vehicle Data, by Model and Battery Capacity
6.2 < 50 kWh
6.2.1 Lower Overall Vehicle Costs to Drive Market
Table 40 < 50 kWh: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 41 < 50 kWh: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 42 < 50 kWh: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 43 < 50 kWh: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 44 < 50 kWh: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 45 < 50 kWh: EV Battery Market, by Region, 2028-2033 (USD Million)
6.3 50-110 kWh
6.3.1 Rising Demand for Electric Vans/Light Trucks to Drive Market
Table 46 50-110 kWh: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 47 50-110 kWh: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 48 50-110 kWh: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 49 50-110 kWh: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 50 50-110 kWh: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 51 50-110 kWh: EV Battery Market, by Region, 2028-2033 (USD Million)
6.4 111-200 kWh
6.4.1 Increasing Demand for Electric Commercial Vehicles to Drive Market
Table 52 111-200 kWh: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 53 111-200 kWh: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 54 111-200 kWh: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 55 111-200 kWh: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 56 111-200 kWh: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 57 111-200 kWh: EV Battery Market, by Region, 2028-2033 (USD Million)
6.5 201-300 kWh
6.5.1 Faster Acceleration and Greater Power Output to Drive Market
Table 58 201-300 kWh: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 59 201-300 kWh: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 60 201-300 kWh: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 61 201-300 kWh: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 62 201-300 kWh: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 63 201-300 kWh: EV Battery Market, by Region, 2028-2033 (USD Million)
6.6 >300 kWh
6.6.1 Rising Demand for Electric Heavy Commercial Vehicles to Drive Market
Table 64 >300 kWh: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 65 >300 kWh: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 66 >300 kWh: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 67 >300 kWh: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 68 >300 kWh: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 69 >300 kWh: EV Battery Market, by Region, 2028-2033 (USD Million)
6.7 Key Primary Insights
7 EV Battery Market, by Battery Form
7.1 Introduction
Figure 44 Prismatic Form to Hold Largest Market Share During Forecast Period
Table 70 EV Battery Market, by Battery Form, 2019-2022 (Thousand Units)
Table 71 EV Battery Market, by Battery Form, 2023-2027 (Thousand Units)
Table 72 EV Battery Market, by Battery Form, 2028-2033 (Thousand Units)
Table 73 EV Battery Cell Characteristics
Figure 45 Battery Forms, by Type
7.2 Prismatic
7.2.1 More Compact Structure Than Cylindrical Cell to Drive Market
Figure 46 Prismatic Cell Battery Pack
Table 74 Prismatic: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 75 Prismatic: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 76 Prismatic: EV Battery Market, by Region, 2028-2033 (Thousand Units)
7.3 Pouch
7.3.1 Optimum Consumption for Battery Space to Drive Market
Table 77 Pouch: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 78 Pouch: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 79 Pouch: EV Battery Market, by Region, 2028-2033 (Thousand Units)
7.4 Cylindrical
7.4.1 Low-Cost Manufacturing to Drive Market
Figure 47 Cross-Section of Lithium-Ion Cylindrical Cell
Table 80 Cylindrical: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 81 Cylindrical: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 82 Cylindrical: EV Battery Market, by Region, 2028-2033 (Thousand Units)
7.5 Key Primary Insights
8 EV Battery Market, by Battery Type
8.1 Introduction
Figure 48 Lithium-Ion Battery to Hold Largest Market Share During Forecast Period
Table 83 EV Battery Market, by Battery Type, 2019-2022 (Thousand Units)
Table 84 EV Battery Market, by Battery Type, 2023-2027 (Thousand Units)
Table 85 EV Battery Market, by Battery Type, 2028-2033 (Thousand Units)
8.1.1 Operational Data
Table 86 EV Models, by Battery Type
8.2 Lithium-Ion
8.2.1 Advancements in Battery Technology to Drive Market
Figure 49 Comparative Evaluation of EVs Using Lithium-Ion Batteries
Table 87 Lithium-Ion: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 88 Lithium-Ion: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 89 Lithium-Ion: EV Battery Market, by Region, 2028-2033 (Thousand Units)
8.3 Lead-Acid
8.3.1 Development of Advanced Lead-Acid Batteries to Drive Market
8.4 Nickel-Metal Hydride
8.4.1 High Tolerance and Long Life Cycle to Drive Market
Table 90 Nickel-Metal Hydride: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 91 Nickel-Metal Hydride: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 92 Nickel-Metal Hydride: EV Battery Market, by Region, 2028-2033 (Thousand Units)
8.5 Solid-State
8.5.1 High Energy Storage Capability with Longer Lifespan to Drive Market
Table 93 Solid-State: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 94 Solid-State: EV Battery Market, by Region, 2028-2033 (Thousand Units)
8.6 Sodium-Ion
8.6.1 Low-Temperature Performance and Rapid Charging to Drive Market
8.7 Other Battery Types
Table 95 Other Battery Types: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 96 Other Battery Types: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 97 Other Battery Types: EV Battery Market, by Region, 2028-2033 (Thousand Units)
8.8 Key Primary Insights
9 EV Battery Market, by Lithium-Ion Battery Component
9.1 Introduction
Figure 50 Negative Electrode to Hold Largest Market Share During Forecast Period
Table 98 EV Battery Market, by Lithium-Ion Battery Component, 2019-2022 (USD Million)
Table 99 EV Battery Market, by Lithium-Ion Battery Component, 2023-2027 (USD Million)
Table 100 EV Battery Market, by Lithium-Ion Battery Component, 2028-2033 (USD Million)
Table 101 Electrolyte Solvents, by Temperature and Flashpoint
Table 102 Most Commonly Used Lithium-Ion Batteries and Their Specifications
Table 103 List of Vehicle Models and Cathode Material Suppliers
Table 104 List of Vehicle Models and Anode Material Suppliers
Figure 51 Lithium-Ion Battery Working Principle
9.2 Negative Electrode
9.2.1 Increase in Number of Negative Electrode Companies in Asia-Pacific to Drive Market
Table 105 Negative Electrode: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 106 Negative Electrode: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 107 Negative Electrode: EV Battery Market, by Region, 2028-2033 (USD Million)
9.3 Positive Electrode
9.3.1 Demand for Long Life Cycle and High-Performance Cells to Drive Market
Table 108 Positive Electrode: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 109 Positive Electrode: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 110 Positive Electrode: EV Battery Market, by Region, 2028-2033 (USD Million)
9.4 Electrolyte
9.4.1 Rising Safety Concern of Batteries to Drive Market
Table 111 Electrolyte: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 112 Electrolyte: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 113 Electrolyte: EV Battery Market, by Region, 2028-2033 (USD Million)
9.5 Separator
9.5.1 Requirement for Separators in Batteries to Provide Temperature Stability to Drive Market
Table 114 Separator: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 115 Separator: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 116 Separator: EV Battery Market, by Region, 2028-2033 (USD Million)
9.6 Key Primary Insights
10 EV Battery Market, by Material Type
10.1 Introduction
Figure 52 Natural Graphite to Record Higher CAGR During Forecast Period
Table 117 EV Battery Market, by Material Type, 2019-2022 (USD Million)
Table 118 EV Battery Market, by Material Type, 2023-2027 (USD Million)
Table 119 EV Battery Market, by Material Type, 2028-2033 (USD Million)
10.1.1 Operational Data
Table 120 Types of Lithium-Ion Battery Chemistries
10.2 Cobalt
10.2.1 High Energy Density and Power Capability to Drive Market
Table 121 Cobalt: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 122 Cobalt: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 123 Cobalt: EV Battery Market, by Region, 2028-2033 (USD Million)
10.3 Lithium
10.3.1 Wide Operating Temperature Range to Drive Market
Figure 53 Lithium Production, 2022
Table 124 Lithium: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 125 Lithium: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 126 Lithium: EV Battery Market, by Region, 2028-2033 (USD Million)
10.4 Natural Graphite
10.4.1 High Electrical Conductivity Feature to Drive Market
Table 127 Natural Graphite: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 128 Natural Graphite: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 129 Natural Graphite: EV Battery Market, by Region, 2028-2033 (USD Million)
10.5 Manganese
10.5.1 Development in Battery Technology to Drive Market
Table 130 Manganese: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 131 Manganese: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 132 Manganese: EV Battery Market, by Region, 2028-2033 (USD Million)
10.6 Iron
10.6.1 Low-Cost Factor to Drive Market
Table 133 Iron: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 134 Iron: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 135 Iron: EV Battery Market, by Region, 2028-2033 (USD Million)
10.7 Phosphate
10.7.1 Rise in Battery Production to Drive Market
Table 136 Phosphate: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 137 Phosphate: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 138 Phosphate: EV Battery Market, by Region, 2028-2033 (USD Million)
10.8 Nickel
10.8.1 Shift Toward High-Nickel Cathodes to Drive Market
Table 139 Nickel: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 140 Nickel: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 141 Nickel: EV Battery Market, by Region, 2028-2033 (USD Million)
10.9 Others
Table 142 Other Material Types: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 143 Other Material Types: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 144 Other Material Types: EV Battery Market, by Region, 2028-2033 (USD Million)
10.10 Key Primary Insights
11 EV Battery Market, by Method
11.1 Introduction
Figure 54 Laser Bonding to Hold Prominent Market Share During Forecast Period
Figure 55 Application of Interconnection Technologies
Table 145 EV Battery Market, by Method, 2019-2022 (Thousand Units)
Table 146 EV Battery Market, by Method, 2023-2027 (Thousand Units)
Table 147 EV Battery Market, by Method, 2028-2033 (Thousand Units)
11.2 Wire Bonding
11.2.1 Less Complicated and Time-Consuming Than Other Bonding Methods
Table 148 Wire Bonding: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 149 Wire Bonding: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 150 Wire Bonding: EV Battery Market, by Region, 2028-2033 (Thousand Units)
11.3 Laser Bonding
11.3.1 Improved Bond Strength and Reliability to Result in Higher Adoption of Laser Bonding
Table 151 Laser Bonding: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 152 Laser Bonding: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 153 Laser Bonding: EV Battery Market, by Region, 2028-2033 (Thousand Units)
11.4 Ultrasonic Metal Welding
11.4.1 Uses High-Frequency Sound Waves to Connect Metal Pieces
11.5 Key Primary Insights
12 EV Battery Market, by Propulsion
12.1 Introduction
Figure 56 EV, by Propulsion Type
Figure 57 BEV Segment to Hold Largest Market Share During Forecast Period
Table 154 EV Battery Market, by Propulsion, 2019-2022 (Thousand Units)
Table 155 EV Battery Market, by Propulsion, 2023-2027 (Thousand Units)
Table 156 EV Battery Market, by Propulsion, 2028-2033 (Thousand Units)
12.1.1 Operational Data
Table 157 Bestselling EVs in 2022
Table 158 Electric Commercial Vehicle Data, by OEM, Model, and Propulsion
12.2 Battery Electric Vehicle (BEV)
12.2.1 Growing EV Charging Network to Drive Market
Table 159 BEV: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 160 BEV: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 161 BEV: EV Battery Market, by Region, 2028-2033 (Thousand Units)
12.3 Plug-In Hybrid Electric Vehicle (PHEV)
12.3.1 Tax Benefits and Incentives by Governments to Drive Market
Table 162 PHEV: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 163 PHEV: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 164 PHEV: EV Battery Market, by Region, 2028-2033 (Thousand Units)
12.4 Fuel Cell Electric Vehicle (Fcev)
12.4.1 Longer Driving Range and Better Environmental Sustainability Than BEVs to Drive Market
Table 165 Fcev: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 166 Fcev: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 167 Fcev: EV Battery Market, by Region, 2028-2033 (Thousand Units)
12.5 Hybrid Electric Vehicle (HEV)
12.5.1 Presence of Electric Powertrain in HEVs to Drive Market
12.6 Key Primary Insights
13 EV Battery Market, by Vehicle Type
13.1 Introduction
Figure 58 Passenger Car Segment to Hold Largest Market Share During Forecast Period
Table 168 EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 169 EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 170 EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 171 EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 172 EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 173 EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
13.1.1 Operational Data
Table 174 EVs, by Model, Vehicle Type, and Propulsion
Table 175 Popular EVs Worldwide, 2022-2023
Table 176 Upcoming Electric Car Models by OEMs
Table 177 Upcoming Electric Commercial Vehicles by OEMs
13.2 Passenger Cars
13.2.1 Favorable Regulations and Subsidies Worldwide to Drive Market
Table 178 Passenger Cars: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 179 Passenger Cars: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 180 Passenger Cars: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 181 Passenger Cars: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 182 Passenger Cars: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 183 Passenger Cars: EV Battery Market, by Region, 2028-2033 (USD Million)
Table 184 Passenger Cars: EV Battery Market, by Battery Capacity, 2019-2022 (Thousand Units)
Table 185 Passenger Cars: EV Battery Market, by Battery Capacity, 2023-2027 (Thousand Units)
Table 186 Passenger Cars: EV Battery Market, by Battery Capacity, 2028-2033 (Thousand Units)
Table 187 < 50 kWh: EV Battery Market in Passenger Cars, by Region, 2019-2022 (Thousand Units)
Table 188 < 50 kWh: EV Battery Market in Passenger Cars, by Region, 2023-2027 (Thousand Units)
Table 189 < 50 kWh: EV Battery Market in Passenger Cars, by Region, 2028-2033 (Thousand Units)
Table 190 50-110 kWh: EV Battery Market in Passenger Cars, by Region, 2019-2022 (Thousand Units)
Table 191 50-110 kWh: EV Battery Market in Passenger Cars, by Region, 2023-2027 (Thousand Units)
Table 192 50-110 kWh: EV Battery Market in Passenger Cars, by Region, 2028-2033 (Thousand Units)
Table 193 111-200 kWh: EV Battery Market in Passenger Cars, by Region, 2019-2022 (Thousand Units)
Table 194 111-200 kWh: EV Battery Market in Passenger Cars, by Region, 2023-2027 (Thousand Units)
Table 195 111-200 kWh: EV Battery Market in Passenger Cars, by Region, 2028-2033 (Thousand Units)
13.3 Vans/Light Trucks
13.3.1 Growing E-Commerce Industry to Drive Market
Table 196 Vans/Light Trucks: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 197 Vans/Light Trucks: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 198 Vans/Light Trucks: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 199 Vans/Light Trucks: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 200 Vans/Light Trucks: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 201 Vans/Light Trucks: EV Battery Market, by Region, 2028-2033 (USD Million)
Table 202 Vans/Light Trucks: EV Battery Market, by Battery Capacity, 2019-2022 (Thousand Units)
Table 203 Vans/Light Trucks: EV Battery Market, by Battery Capacity, 2023-2027 (Thousand Units)
Table 204 Vans/Light Trucks: EV Battery Market, by Battery Capacity, 2028-2033 (Thousand Units)
Table 205 < 50 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2019-2022 (Thousand Units)
Table 206 < 50 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2023-2027 (Thousand Units)
Table 207 < 50 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2028-2033 (Thousand Units)
Table 208 50-110 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2019-2022 (Thousand Units)
Table 209 50-110 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2023-2027 (Thousand Units)
Table 210 50-110 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2028-2033 (Thousand Units)
Table 211 111-200 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2019-2022 (Thousand Units)
Table 212 111-200 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2023-2027 (Thousand Units)
Table 213 111-200 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2028-2033 (Thousand Units)
Table 214 201-300 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2019-2022 (Thousand Units)
Table 215 201-300 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2023-2027 (Thousand Units)
Table 216 201-300 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2028-2033 (Thousand Units)
Table 217 >300 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2019-2022 (Thousand Units)
Table 218 >300 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2023-2027 (Thousand Units)
Table 219 >300 kWh: EV Battery Market in Vans/Light Trucks, by Region, 2028-2033 (Thousand Units)
13.4 Medium & Heavy Trucks
13.4.1 Increasing Adoption of Electric Medium and Heavy Trucks for Short and Long Ranges to Drive Market
Table 220 Medium & Heavy Trucks: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 221 Medium & Heavy Trucks: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 222 Medium & Heavy Trucks: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 223 Medium & Heavy Trucks: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 224 Medium & Heavy Trucks: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 225 Medium & Heavy Trucks: EV Battery Market, by Region, 2028-2033 (USD Million)
Table 226 Medium & Heavy Trucks: EV Battery Market, by Battery Capacity, 2019-2022 (Thousand Units)
Table 227 Medium & Heavy Trucks: EV Battery Market, by Battery Capacity, 2023-2027 (Thousand Units)
Table 228 Medium & Heavy Trucks: EV Battery Market, by Battery Capacity, 2028-2033 (Thousand Units)
Table 229 111-200 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2019-2022 (Thousand Units)
Table 230 111-200 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2023-2027 (Thousand Units)
Table 231 111-200 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2028-2033 (Thousand Units)
Table 232 201-300 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2019-2022 (Thousand Units)
Table 233 201-300 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2023-2027 (Thousand Units)
Table 234 201-300 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2028-2033 (Thousand Units)
Table 235 >300 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2019-2022 (Thousand Units)
Table 236 >300 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2023-2027 (Thousand Units)
Table 237 >300 kWh: EV Battery Market in Medium & Heavy Trucks, by Region, 2028-2033 (Thousand Units)
13.5 Buses
13.5.1 Rising Demand for Emission-Free Public Transport to Drive Market
Table 238 Electric Bus Data Based on Propulsion
Table 239 Buses: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 240 Buses: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 241 Buses: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 242 Buses: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 243 Buses: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 244 Buses: EV Battery Market, by Region, 2028-2033 (USD Million)
Table 245 Buses: EV Battery Market, by Battery Capacity, 2019-2022 (Thousand Units)
Table 246 Buses: EV Battery Market, by Battery Capacity, 2023-2027 (Thousand Units)
Table 247 Buses: EV Battery Market, by Battery Capacity, 2028-2033 (Thousand Units)
Table 248 111-200 kWh: EV Battery Market in Buses, by Region, 2019-2022 (Thousand Units)
Table 249 111-200 kWh: EV Battery Market in Buses, by Region, 2023-2027 (Thousand Units)
Table 250 111-200 kWh: EV Battery Market in Buses, by Region, 2028-2033 (Thousand Units)
Table 251 201-300 kWh: EV Battery Market in Buses, by Region, 2019-2022 (Thousand Units)
Table 252 201-300 kWh: EV Battery Market in Buses, by Region, 2023-2027 (Thousand Units)
Table 253 201-300 kWh: EV Battery Market in Buses, by Region, 2028-2033 (Thousand Units)
Table 254 >300 kWh: EV Battery Market in Buses, by Region, 2019-2022 (Thousand Units)
Table 255 >300 kWh: EV Battery Market in Buses, by Region, 2023-2027 (Thousand Units)
Table 256 >300 kWh: EV Battery Market in Buses, by Region, 2028-2033 (Thousand Units)
13.6 Off-Highway Vehicles
13.6.1 Growing Demand for High-Power Heavy-Duty Electric Trucks for Various Industrial Applications to Drive Market
Table 257 Major Off-Highway Vehicle Models
Table 258 Off-Highway Vehicles: EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 259 Off-Highway Vehicles: EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 260 Off-Highway Vehicles: EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 261 Off-Highway Vehicles: EV Battery Market, by Region, 2019-2022 (USD Million)
Table 262 Off-Highway Vehicles: EV Battery Market, by Region, 2023-2027 (USD Million)
Table 263 Off-Highway Vehicles: EV Battery Market, by Region, 2028-2033 (USD Million)
Table 264 Off-Highway Vehicles: EV Battery Market, by Battery Capacity, 2019-2022 (Thousand Units)
Table 265 Off-Highway Vehicles: EV Battery Market, by Battery Capacity, 2023-2027 (Thousand Units)
Table 266 Off-Highway Vehicles: EV Battery Market, by Battery Capacity, 2028-2033 (Thousand Units)
Table 267 < 50 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2019-2022 (Thousand Units)
Table 268 < 50 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2023-2027 (Thousand Units)
Table 269 < 50 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2028-2033 (Thousand Units)
Table 270 50-110 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2019-2022 (Thousand Units)
Table 271 50-110 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2023-2027 (Thousand Units)
Table 272 50-110 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2028-2033 (Thousand Units)
Table 273 111-200 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2019-2022 (Thousand Units)
Table 274 111-200 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2023-2027 (Thousand Units)
Table 275 111-200 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2028-2033 (Thousand Units)
Table 276 201-300 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2019-2022 (Thousand Units)
Table 277 201-300 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2023-2027 (Thousand Units)
Table 278 201-300 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2028-2033 (Thousand Units)
Table 279 >300 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2019-2022 (Thousand Units)
Table 280 >300 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2023-2027 (Thousand Units)
Table 281 >300 kWh: EV Battery Market in Off-Highway Vehicles, by Region, 2028-2033 (Thousand Units)
13.7 Key Primary Insights
14 EV Battery Market, by Region
14.1 Introduction
Figure 59 Investment and Electrification Target by Top OEMs
Figure 60 Partnership of EV OEMs with Battery Manufacturers
Figure 61 Asia-Pacific to Hold Largest EV Battery Market Share During Forecast Period
Table 282 EV Battery Market, by Region, 2019-2022 (Thousand Units)
Table 283 EV Battery Market, by Region, 2023-2027 (Thousand Units)
Table 284 EV Battery Market, by Region, 2028-2033 (Thousand Units)
Table 285 EV Battery Market, by Region, 2019-2022 (USD Million)
Table 286 EV Battery Market, by Region, 2023-2027 (USD Million)
Table 287 EV Battery Market, by Region, 2028-2033 (USD Million)
14.2 Asia-Pacific
14.2.1 Recession Impact Analysis
Figure 62 Asia-Pacific: EV Battery Market Snapshot
Table 288 Asia-Pacific: EV Battery Market, by Country, 2019-2022 (Thousand Units)
Table 289 Asia-Pacific: EV Battery Market, by Country, 2023-2027 (Thousand Units)
Table 290 Asia-Pacific: EV Battery Market, by Country, 2028-2033 (Thousand Units)
Table 291 Asia-Pacific: EV Battery Market, by Country, 2019-2022 (USD Million)
Table 292 Asia-Pacific: EV Battery Market, by Country, 2023-2027 (USD Million)
Table 293 Asia-Pacific: EV Battery Market, by Country, 2028-2033 (USD Million)
14.2.2 China
14.2.2.1 Rising EV Sales to Drive Market
Table 294 EV Mobility Landscape in China
Table 295 Bestselling EVs in China, 2022
Table 296 China: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 297 China: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 298 China: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 299 China: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 300 China: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 301 China: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.2.3 Japan
14.2.3.1 Full Exemption of PHEVs from Automobile Acquisition Tax to Drive Market
Table 302 Japan: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 303 Japan: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 304 Japan: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 305 Japan: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 306 Japan: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 307 Japan: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.2.4 India
14.2.4.1 Plans for 30% EV Sales by 2030 to Drive Market
Table 308 India: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 309 India: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 310 India: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 311 India: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 312 India: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 313 India: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.2.5 South Korea
14.2.5.1 Introduction of Battery-Powered Electric Buses to Drive Market
Table 314 South Korea: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 315 South Korea: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 316 South Korea: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 317 South Korea: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 318 South Korea: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 319 South Korea: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.2.6 Thailand
14.2.6.1 Government Incentives and 2030 Target to Drive Market
Table 320 Thailand: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 321 Thailand: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 322 Thailand: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 323 Thailand: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 324 Thailand: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 325 Thailand: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.3 Europe
Figure 63 EV Sales by OEMs, by Propulsion, 2022
14.3.1 Recession Impact Analysis
Figure 64 Europe: EV Battery Market Snapshot
Table 326 Europe: EV Battery Market, by Country, 2019-2022 (Thousand Units)
Table 327 Europe: EV Battery Market, by Country, 2023-2027 (Thousand Units)
Table 328 Europe: EV Battery Market, by Country, 2028-2033 (Thousand Units)
Table 329 Europe: EV Battery Market, by Country, 2019-2022 (USD Million)
Table 330 Europe: EV Battery Market, by Country, 2023-2027 (USD Million)
Table 331 Europe: EV Battery Market, by Country, 2028-2033 (USD Million)
Figure 65 Expansion Plans for Battery Plants in Europe
14.3.2 France
14.3.2.1 Increase in E-Commerce Transport to Drive Market
Table 332 France: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 333 France: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 334 France: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 335 France: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 336 France: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 337 France: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.3.3 Germany
14.3.3.1 Government and OEM Plans for Rapid EV Shift to Drive Market
Table 338 Germany: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 339 Germany: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 340 Germany: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 341 Germany: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 342 Germany: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 343 Germany: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.3.4 Spain
14.3.4.1 Increasing Investments in EV Space to Drive Market
Table 344 Spain: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 345 Spain: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 346 Spain: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 347 Spain: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 348 Spain: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 349 Spain: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.3.5 Italy
14.3.5.1 Technological Development in EV Batteries to Drive Market
Table 350 Italy: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 351 Italy: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 352 Italy: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 353 Italy: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 354 Italy: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 355 Italy: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.3.6 UK
14.3.6.1 Rise in Investments in EV Ecosystem to Drive Market
Table 356 UK: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 357 UK: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 358 UK: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 359 UK: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 360 UK: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 361 UK: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.3.7 Denmark
14.3.7.1 Favorable EV Regulations to Drive Market
Table 362 Denmark: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 363 Denmark: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 364 Denmark: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 365 Denmark: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 366 Denmark: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 367 Denmark: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.3.8 Norway
14.3.8.1 Replacement of Ice Vehicles with Advanced EVs to Drive Market
Table 368 Norway: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 369 Norway: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 370 Norway: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 371 Norway: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 372 Norway: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 373 Norway: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.3.9 Sweden
14.3.9.1 Ongoing Incentive and Subsidy Plans to Drive Market
Table 374 Sweden: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 375 Sweden: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 376 Sweden: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 377 Sweden: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 378 Sweden: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 379 Sweden: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.4 North America
14.4.1 Recession Impact Analysis
Figure 66 EV Battery Initiatives in North America Till 2022
Figure 67 US to Hold Dominant Market Share in North America During Forecast Period
Table 380 North America: EV Battery Market, by Country, 2019-2022 (Thousand Units)
Table 381 North America: EV Battery Market, by Country, 2023-2027 (Thousand Units)
Table 382 North America: EV Battery Market, by Country, 2028-2033 (Thousand Units)
Table 383 North America: EV Battery Market, by Country, 2019-2022 (USD Million)
Table 384 North America: EV Battery Market, by Country, 2023-2027 (USD Million)
Table 385 North America: EV Battery Market, by Country, 2028-2033 (USD Million)
14.4.2 US
14.4.2.1 Increasing Demand for Electric Trucks to Drive Market
Table 386 US: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 387 US: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 388 US: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 389 US: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 390 US: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 391 US: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
14.4.3 Canada
14.4.3.1 Government Support to Promote EVs to Drive Market
Table 392 Canada: EV Battery Market, by Vehicle Type, 2019-2022 (Thousand Units)
Table 393 Canada: EV Battery Market, by Vehicle Type, 2023-2027 (Thousand Units)
Table 394 Canada: EV Battery Market, by Vehicle Type, 2028-2033 (Thousand Units)
Table 395 Canada: EV Battery Market, by Vehicle Type, 2019-2022 (USD Million)
Table 396 Canada: EV Battery Market, by Vehicle Type, 2023-2027 (USD Million)
Table 397 Canada: EV Battery Market, by Vehicle Type, 2028-2033 (USD Million)
15 Competitive Landscape
15.1 Overview
15.2 Market Share Analysis, 2022
Table 398 Degree of Competition, 2022
Figure 68 Market Share Analysis, 2022
15.2.1 Catl
15.2.2 Lg Energy Solution Ltd.
15.2.3 Byd Company Ltd.
15.2.4 Panasonic Holdings Corporation
15.2.5 Sk Innovation Co. Ltd.
15.3 Key Players’ Strategies
Table 399 Overview of Strategies Adopted by Players in EV Battery Market
15.4 Revenue Analysis of Top Listed/Public Players
Figure 69 Top Public/Listed Players Dominating EV Battery Market During Last 5 Years
15.5 Company Evaluation Matrix
15.5.1 Stars
15.5.2 Emerging Leaders
15.5.3 Pervasive Players
15.5.4 Participants
15.5.5 Company Footprint
Table 400 EV Battery Market: Company Footprint, 2022
Table 401 EV Battery Market: Product Footprint, 2022
Table 402 EV Battery Market: Regional Footprint, 2022
Figure 70 EV Battery Market: Company Evaluation Matrix, 2022
15.6 Start-Up/SME Evaluation Matrix
15.6.1 Progressive Companies
15.6.2 Responsive Companies
15.6.3 Dynamic Companies
15.6.4 Starting Blocks
15.6.5 Competitive Benchmarking
Table 403 EV Battery Market: List of Key Start-Ups/SMEs
Table 404 EV Battery Market: Competitive Benchmarking of Key Start-Ups/SMEs
Figure 71 EV Battery Market: Start-Up/SME Evaluation Matrix, 2022
15.7 Competitive Scenario
15.7.1 Product Launches
Table 405 Product Launches, 2021-2023
15.7.2 Deals
Table 406 Deals, 2021-2023
Table 407 Others, 2021-2023
16 Company Profiles
(Business Overview, Products Offered, Recent Developments & Analyst's View)*
16.1 Key Players
16.1.1 Contemporary Amperex Technology Co. Limited
Table 408 Contemporary Amperex Technology Co. Limited: Company Overview
Figure 72 Contemporary Amperex Technology Co. Limited: Company Snapshot
Figure 73 Contemporary Amperex Technology Co. Limited: Patent Analysis
Table 409 Contemporary Amperex Technology Co. Limited: Supply Agreements
Table 410 Contemporary Amperex Technology Co. Limited: Products Offered
Table 411 Contemporary Amperex Technology Co. Limited: Product Launches/Developments
Table 412 Contemporary Amperex Technology Co. Limited: Deals
Table 413 Contemporary Amperex Technology Co. Limited: Others
16.1.2 Lg Energy Solution
Table 414 Lg Energy Solution: Company Overview
Figure 74 Lg Energy Solution: Company Snapshot
Table 415 Lg Energy Solution: R&D Overview
Table 416 Lg Energy Solution: Supply Agreements
Figure 75 Lg Energy Solution: EV Solution
Table 417 Lg Energy Solution: Products Offered
Table 418 Lg Energy Solution: Deals
Table 419 Lg Energy Solution: Others
16.1.3 Byd Company Limited
Table 420 Byd Company Limited: Company Overview
Figure 76 Byd Company Limited: Company Snapshot
Table 421 Byd Company Limited: Products Offered
Table 422 Byd Company Limited: Product Launches/Developments
Table 423 Byd Company Limited: Deals
Table 424 Byd Company Limited: Others
16.1.4 Panasonic Holdings Corporation
Table 425 Panasonic Holdings Corporation: Company Overview
Figure 77 Panasonic Holdings Corporation: Company Snapshot
Table 426 Panasonic Holdings Corporation: Supply Agreements
Table 427 Panasonic Holdings Corporation: Products Offered
Table 428 Panasonic Holdings Corporation: Product Launches/Developments
Table 429 Panasonic Holdings Corporation: Deals
Table 430 Panasonic Holdings Corporation: Others
16.1.5 Sk Innovation Co. Ltd.
Table 431 Sk Innovation Co. Ltd.: Company Overview
Figure 78 Sk Innovation Co. Ltd.: Company Snapshot
Table 432 Sk Innovation Co. Ltd.: Supply Agreements
Figure 79 Sk Innovation Co. Ltd.: Global Battery Production
Table 433 Sk Innovation Co. Ltd.: Products Offered
Table 434 Sk Innovation Co. Ltd.: Product Launches/Developments
Table 435 Sk Innovation Co. Ltd.: Deals
Table 436 Sk Innovation Co. Ltd.: Others
16.1.6 Samsung Sdi Co. Ltd.
Table 437 Samsung Sdi Co. Ltd.: Company Overview
Figure 80 Samsung Sdi Co. Ltd.: Company Snapshot
Table 438 Samsung Sdi Co. Ltd.: Supply Agreements
Figure 81 Samsung Sdi Co. Ltd.: Global Footprint
Table 439 Samsung Sdi Co. Ltd.: Products Offered
Table 440 Samsung Sdi Co. Ltd.: Product Launches/Developments
Table 441 Samsung Sdi Co. Ltd.: Deals
Table 442 Samsung Sdi Co. Ltd.: Others
16.1.7 Calb
Table 443 Calb: Company Overview
Figure 82 Calb: Company Snapshot
Table 444 Calb: Products Offered
Table 445 Calb: Product Launches/Developments
Table 446 Calb: Deals
16.1.8 Gotion High-Tech Co. Ltd.
Table 447 Gotion High-Tech Co. Ltd.: Company Overview
Figure 83 Gotion High-Tech Co. Ltd.: Company Snapshot
Table 448 Gotion High-Tech Co. Ltd.: Products Offered
Table 449 Gotion High-Tech Co. Ltd.: Product Launches/Developments
Table 450 Gotion High-Tech Co. Ltd.: Deals
Table 451 Gotion High-Tech Co. Ltd.: Others
16.1.9 Sunwoda Electronic Co. Ltd.
Table 452 Sunwoda Electronic Co. Ltd.: Company Overview
Figure 84 Sunwoda Electronic Co. Ltd.: Company Snapshot
Table 453 Sunwoda Electronic Co. Ltd.: Products Offered
Table 454 Sunwoda Electronic Co. Ltd.: Deals
Table 455 Sunwoda Electronic Co. Ltd.: Others
16.1.10 Farasis Energy (Ganzhou) Co. Ltd.
Table 456 Farasis Energy (Ganzhou) Co. Ltd.: Company Overview
Figure 85 Farasis Energy (Ganzhou) Co. Ltd.: Company Snapshot
Table 457 Farasis Energy (Ganzhou) Co. Ltd.: Products Offered
Table 458 Farasis Energy (Ganzhou) Co. Ltd.: Deals
Table 459 Farasis Energy (Ganzhou) Co. Ltd.: Others
16.1.11 Vehicle Energy Japan Inc.
Table 460 Vehicle Energy Japan Inc.: Company Overview
Table 461 Vehicle Energy Japan Inc.: Supply Agreements
Table 462 Vehicle Energy Japan Inc.: Products Offered
Table 463 Vehicle Energy Japan Inc.: Deals
Table 464 Vehicle Energy Japan Inc.: Others
16.1.12 Toshiba Corporation
Table 465 Toshiba Corporation: Company Overview
Figure 86 Toshiba Corporation: Company Snapshot
Table 466 Toshiba Corporation: Products Offered
Table 467 Toshiba Corporation: Product Launches/Developments
Table 468 Toshiba Corporation: Deals
Table 469 Toshiba Corporation: Others
16.1.13 Mitsubishi Corporation
Table 470 Mitsubishi Corporation: Company Overview
Figure 87 Mitsubishi Corporation: Company Snapshot
Table 471 Mitsubishi Corporation: Products Offered
Table 472 Mitsubishi Corporation: Product Launches/Developments
Table 473 Mitsubishi Corporation: Deals
Table 474 Mitsubishi Corporation: Others
16.1.14 Enersys
Table 475 Enersys: Company Overview
Figure 88 Enersys: Company Snapshot
Table 476 Enersys: Products Offered
Table 477 Enersys: Product Launches/Developments
Table 478 Enersys: Deals
*Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies
16.2 Other Players
16.2.1 Exide Industries Limited
Table 479 Exide Industries Limited: Company Overview
16.2.2 Primearth EV Energy Co. Ltd.
Table 480 Primearth EV Energy Co. Ltd.: Company Overview
16.2.3 E-One Moli Energy Corp.
Table 481 E-One Moli Energy Corp: Company Overview
16.2.4 Targray Technology International Inc.
Table 482 Targray Technology International Inc.: Company Overview
16.2.5 Altair Nanotechnologies Inc.
Table 483 Altair Nanotechnologies Inc.: Company Overview
16.2.6 Clarios
Table 484 Clarios: Company Overview
16.2.7 Northvolt Ab
Table 485 Northvolt Ab: Company Overview
16.2.8 Leclanché SA
Table 486 Leclanché SA: Company Overview
16.2.9 Aptiv PLC
Table 487 Aptiv PLC: Company Overview
16.2.10 Envision Energy
Table 488 Envision Energy: Company Overview
16.2.11 A123 Systems
Table 489 A123 Systems: Company Overview
16.2.12 Gs Yuasa International Ltd.
Table 490 Gs Yuasa International Ltd.: Company Overview
16.2.13 Automotive Energy Supply Corporation
Table 491 Automotive Energy Supply Corporation: Company Overview
16.2.14 Ruipu Lanjun Energy Co. Ltd.
Table 492 Ruipu Lanjun Energy Co. Ltd.: Company Overview
17 Analyst's Recommendations
17.1 Technological Developments in EV Battery Market
17.2 Europe to be Fastest-Growing Market During Forecast Period
17.3 Demand for Efficient and Low-Cost Battery Chemistry to Drive EV Battery Market
17.4 Conclusion
18 Appendix
18.1 Key Insights of Industry Experts
18.2 Discussion Guide
18.3 Knowledgestore: The Subscription Portal
18.4 Customization Options
18.4.1 Additional Company Profile
18.4.2 EV Battery Market, by Propulsion Type at the Country Level
18.4.3 EV Battery Market, by Propulsion Type at the Vehicle Type Level

Companies Profiled

  • Contemporary Amperex Technology Co. Limited
  • Lg Energy Solution
  • Byd Company Limited
  • Panasonic Holdings Corporation
  • Sk Innovation Co. Ltd.
  • Samsung Sdi Co. Ltd.
  • Calb
  • Gotion High-Tech Co. Ltd.
  • Sunwoda Electronic Co. Ltd.
  • Farasis Energy (Ganzhou) Co. Ltd.
  • Vehicle Energy Japan Inc.
  • Toshiba Corporation
  • Mitsubishi Corporation
  • Enersys
  • Exide Industries Limited
  • Primearth EV Energy Co. Ltd.
  • E-One Moli Energy Corp.
  • Targray Technology International Inc.
  • Altair Nanotechnologies Inc.
  • Clarios
  • Northvolt Ab
  • Leclanché SA
  • Aptiv PLC
  • Envision Energy
  • A123 Systems
  • Gs Yuasa International Ltd.
  • Automotive Energy Supply Corporation
  • Ruipu Lanjun Energy Co. Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages424
PublishedJanuary 2024
Forecast Period2023 - 2033
Estimated Market Value ( USD ) in 2023 $ 132.6 Billion
Forecasted Market Value ( USD ) by 2033 $ 508.8 Billion
Compound Annual Growth Rate14.1%
Regions CoveredGlobal
No. of Companies Mentioned28

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About the Electric Vehicle Battery Market

The Electric Vehicle Battery market is a subset of the Automotive Battery market, focusing on batteries used in electric vehicles. These batteries are typically lithium-ion, and are designed to provide power to the electric motor, as well as store energy generated from regenerative braking. Electric Vehicle Batteries are typically larger and more powerful than traditional automotive batteries, and are designed to last longer and provide more power. Electric Vehicle Batteries are becoming increasingly popular as the demand for electric vehicles rises. This is due to their ability to provide more power and last longer than traditional automotive batteries. Additionally, Electric Vehicle Batteries are more efficient and environmentally friendly than traditional automotive batteries. Some companies in the Electric Vehicle Battery market include Tesla, Panasonic, LG Chem, BYD, and Samsung SDI. Show Less Read more

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