Quick Summary:
In the fast-paced, ever-evolving world of electric vehicles, staying ahead of market trends is key to making strategic decisions that yield significant results. Our market research report on the global Electric Vehicle Battery market offers the comprehensive insights you need to remain competitive.
Projected to grow from its estimated value of $26.5 Billion in 2022 to $84.5 Billion by 2030, this market presents an array of opportunities for businesses ready to navigate its challenges. By purchasing our in-depth report, you will gain a thorough understanding of key market players, including A123 Systems, Bosch Mobility Solutions, and Tesla Motors, among others. Additionally, our report features comprehensive coverage of geographic markets and their respective growth rates, from America's estimated market size of $7.2 Billion to China's expected surge to $21 Billion by 2030.
Stay ahead of the curve with our detailed market breakdown and precise projections. Make informed decisions that drive your success in the global Electric Vehicle Battery market.
Global Electric Vehicle Battery Market to Reach $84.5 Billion by 2030
The global market for Electric Vehicle Battery estimated at US$26.5 Billion in the year 2022, is projected to reach a revised size of US$84.5 Billion by 2030, growing at a CAGR of 15.6% over the analysis period 2022-2030. Lithium ion Battery, one of the segments analyzed in the report, is projected to record a 18.2% CAGR and reach US$69 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lead Acid Battery segment is readjusted to a revised 7.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.2 Billion, While China is Forecast to Grow at 21.4% CAGR
The Electric Vehicle Battery market in the U.S. is estimated at US$7.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$21 Billion by the year 2030 trailing a CAGR of 21.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.7% and 17.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.1 Billion by the year 2030.Select Competitors (Total 13 Featured) -
- A123 Systems LLC
- Automotive Energy Supply Corporation (AESC)
- Bosch Mobility Solutions
- BYD Co., Ltd.
- Contemporary Amperex Technology Co., Limited
- E-One Moli Energy Corporation
- Hitachi Automotive Systems Ltd.
- Johnson Controls, Inc.
- LG Chem
- Samsung SDI Co., Ltd
- Tesla Motors, Inc.
- Tianneng Power International Co., Ltd.
- Wanxiang America Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Electric Vehicle Battery?
What is the growth rate of the Global Market for Electric Vehicle Battery?
What is the forecasted size of the Global Market for Electric Vehicle Battery?
Who are the key companies in the Global Market for Electric Vehicle Battery?
| Report Attribute | Details |
|---|---|
| No. of Pages | 232 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 26.5 Billion |
| Forecasted Market Value ( USD | $ 84.5 Billion |
| Compound Annual Growth Rate | 15.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- A123 Systems LLC
- Automotive Energy Supply Corporation (AESC)
- Bosch Mobility Solutions
- BYD Co., Ltd.
- Contemporary Amperex Technology Co., Limited
- E-One Moli Energy Corporation
- Hitachi Automotive Systems Ltd.
- Johnson Controls, Inc.
- LG Chem
- Samsung SDI Co., Ltd
- Tesla Motors, Inc.
- Tianneng Power International Co., Ltd.
- Wanxiang America Corporation
