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Global Electric Vehicle Battery Market 2021-2028

  • ID: 5440080
  • Report
  • September 2021
  • Region: Global
  • 188 Pages
  • Triton Market Research

FEATURED COMPANIES

  • A123 SYSTEMS
  • CALB
  • ENVISION AESC
  • LG ENSOL
  • NORTHVOLT AB
  • SAMSUNG SDI
According to a This report, the global electric vehicle battery market is estimated to prosper at a CAGR of 17.66% over the projected period 2021-2028.





In recent years, electric vehicles have emerged as an integral part of the automotive sector. They help achieve energy efficiency, reducing greenhouse gas emissions. In addition, the rising environmental concerns and government initiatives have accelerated the adoption of electric vehicles. Thus, the surge in the electric vehicle segment fuels the growth of the electric vehicle battery market.

However, issues faced during raw material procurement, high charging time, and safety concerns impede the global electric vehicle battery market’s growth.

Regional Outlook

The global electric vehicle battery market comprises Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.

Geographically, Europe is likely to emerge as the fastest-growing region in the electric vehicle battery market over the forecasted period. This growth can be attributed to various initiatives, such as the European Battery Alliance that promote battery manufacturing. Additionally, several companies are setting up battery manufacturing facilities owing to the rise in electric vehicle adoption. Further, closer to automotive production, Li-ion battery production helps reduce supply-chain risk, leading to improved collaboration between battery and automakers. Hence, all these factors are widening the scope of the electric vehicle battery market across Europe.

Competitive Outlook

The distinguished companies in the electric vehicle battery market include Prime Planet Energy Solutions, Vehicle Energy Japan Co Ltd, LG Ensol, Lithium Energy Japan, Northvolt AB, BYD, SK Innovation, CALB, Envision AESC, CATL, Toshiba Corporation, Samsung SDI, Panasonic, A123 Systems, and GS Yuasa.
Samsung SDI is primarily involved in the manufacturing and distribution of secondary batteries. Its business segments include energy solutions and electronic materials. Additionally, the parent company has 21 subsidiaries globally across the US, China, Germany, and other nations. Besides, the company develops compact, high-performance battery packs that are optimized for vehicle installation. It is headquartered in Gyeonggi-do, South Korea.
Frequently Asked Questions about the Global Electric Vehicle Battery Market

What is the estimated value of the Global Electric Vehicle Battery Market?

The Global Electric Vehicle Battery Market was estimated to be valued at $30.2 Billion in 2021.

What is the growth rate of the Global Electric Vehicle Battery Market?

The growth rate of the Global Electric Vehicle Battery Market is 17.6%, with an estimated value of $94.4 Billion by 2028.

What is the forecasted size of the Global Electric Vehicle Battery Market?

The Global Electric Vehicle Battery Market is estimated to be worth $94.4 Billion by 2028.

Who are the key companies in the Global Electric Vehicle Battery Market?

Key companies in the Global Electric Vehicle Battery Market include CATL, LG ENSOL, PANASONIC, SAMSUNG SDI, SK INNOVATION, BYD, CALB, VEHICLE ENERGY JAPAN CO LTD and LITHIUM ENERGY JAPAN.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A123 SYSTEMS
  • CALB
  • ENVISION AESC
  • LG ENSOL
  • NORTHVOLT AB
  • SAMSUNG SDI

1. Global Electric Vehicle Battery Market - Summary
2. Industry Outlook
2.1. Key Insights
2.1.1. Increased Investments in the Electric Vehicle Market
2.1.2. Need for Subsidies in Battery Recycling
2.2. Impact of Covid-19 on Electric Vehicle Battery Market
2.3. Porter’S Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitutes
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Matrix
2.5. Industry Components
2.5.1. Raw Material Mining
2.5.2. Battery Cell
2.5.3. Battery Module
2.5.4. Battery Pack
2.5.5. End-User
2.5.6. End of Life Processes
2.6. Vendor Scorecard
2.7. Technology Analysis
2.7.1. Li-Ion Battery Based on Variation in Cathode Material
2.7.1.1. Ncm (Lithium-Cobalt-Manganese-Oxide)
2.7.1.2. Nca (Lithium Nickel Cobalt Aluminum Oxide)
2.7.1.3. Lfp (Lithium Iron Phosphate)
2.7.2. Solid State Batteries
2.8. Raw Material Analysis
2.8.1. Key Raw Materials
2.8.2. Countries Having High Deposits of Key Raw Materials
2.8.2.1. Lithium
2.8.2.2. Manganese
2.8.2.3. Nickel
2.8.2.4. Cobalt
2.8.2.5. Graphite
2.9. Key Market Strategies
2.9.1. Contracts & Partnerships
2.9.2. Business Expansions & Divestitures
2.9.3. Acquisitions & Mergers
2.9.4. New Product Launches
2.10. Industry Player Positioning
2.11. Market Drivers
2.11.1. Growing Electric Vehicles Segment
2.11.2. Governmental Incentives and Promotion
2.11.3. Developments in Battery Technology
2.11.4. Growth in Public Charging Infrastructure
2.12. Market Challenges
2.12.1. Issues in Raw Material Procurement
2.12.2. High Charging Time for Batteries
2.12.3. Safety Concerns
2.13. Market Opportunities
2.13.1. Emergence of Shared E-Mobility Helping Battery Swapping Segment
2.13.2. Improvements in Vehicle-To-Grid (V2G) Technologies
3. Global Electric Vehicle Battery Market - by Vehicle Type
3.1. Battery Electric Vehicle
3.2. Hybrid Electric Vehicle
3.3. Plug-In Hybrid Electric Vehicle
4. Global Electric Vehicle Battery Market - by Battery Type
4.1. Lead Acid
4.2. Nickel-Metal Hydride
4.3. Lithium-Ion
5. Global Electric Vehicle Battery Market - by End-User
5.1. Commercial Vehicle
5.2. Passenger Car
5.3. Other End-Users
6. Global Electric Vehicle Battery Market - Regional Outlook
6.1. North America
6.1.1. Market by Vehicle Type
6.1.2. Market by Battery Type
6.1.3. Market by End-User
6.1.4. Country Analysis
6.1.4.1. United States
6.1.4.2. Canada
6.2. Europe
6.2.1. Market by Vehicle Type
6.2.2. Market by Battery Type
6.2.3. Market by End-User
6.2.4. Country Analysis
6.2.4.1. United Kingdom
6.2.4.2. Germany
6.2.4.3. France
6.2.4.4. Norway
6.2.4.5. Netherlands
6.2.4.6. Sweden
6.2.4.7. Austria
6.2.4.8. Rest of Europe
6.3. Asia-Pacific
6.3.1. Market by Vehicle Type
6.3.2. Market by Battery Type
6.3.3. Market by End-User
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.2. Japan
6.3.4.3. India
6.3.4.4. South Korea
6.3.4.5. Singapore
6.3.4.6. Australia & New Zealand
6.3.4.7. Rest of Asia-Pacific
6.4. Latin America
6.4.1. Market by Vehicle Type
6.4.2. Market by Battery Type
6.4.3. Market by End-User
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.2. Mexico
6.4.4.3. Rest of Latin America
6.5. Middle East and Africa
6.5.1. Market by Vehicle Type
6.5.2. Market by Battery Type
6.5.3. Market by End-User
6.5.4. Country Analysis
6.5.4.1. United Arab Emirates
6.5.4.2. Turkey
6.5.4.3. Saudi Arabia
6.5.4.4. South Africa
6.5.4.5. Rest of Middle East & Africa
7. Competitive Landscape
7.1. Market Share Analysis
7.2. Company Profiles
7.2.1. Catl
7.2.2. Lg Ensol
7.2.3. Panasonic
7.2.4. Samsung Sdi
7.2.5. Sk Innovation
7.2.6. Byd
7.2.7. Calb
7.2.8. Vehicle Energy Japan Co Ltd
7.2.9. Toshiba Corporation
7.2.10. Lithium Energy Japan
7.2.11. Envision Aesc
7.2.12. A123 Systems
7.2.13. Gs Yuasa
7.2.14. Northvolt Ab
7.2.15. Prime Planet Energy Solutions
8. Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research Methodology
List of Tables
Table 1: Global Electric Vehicle Battery Market, Regional Outlook, 2021-2028 (In $ Million)
Table 2: Market Attractiveness Matrix
Table 3: Vendor Scorecard
Table 4: Major Electric Vehicle Key Raw Materials Producers
Table 5: List of Contracts & Partnerships
Table 6: List of Business Expansions & Divestitures
Table 7: List of Acquisitions & Mergers
Table 8: List of New Product Launches
Table 9: Global Electric Vehicle Battery Market, by Vehicle Type, 2021-2028 (In $ Million)
Table 10: Global Electric Vehicle Battery Market, by Battery Type, 2021-2028 (In $ Million)
Table 11: Global Electric Vehicle Battery Market, by End-User, 2021-2028 (In $ Million)
Table 12: Global Electric Vehicle Battery Market, by Regional Outlook, 2021-2028 (In $ Million)
Table 13: North America Electric Vehicle Battery Market, Country Outlook, 2021-2028 (In $ Million)
Table 14: North America Electric Vehicle Battery Market, by Vehicle Type, 2021-2028 (In $ Million)
Table 15: North America Electric Vehicle Battery Market, by Battery Type, 2021-2028 (In $ Million)
Table 16: North America Electric Vehicle Battery Market, by End-User, 2021-2028 (In $ Million)
Table 17: Europe Electric Vehicle Battery Market, Country Outlook, 2021-2028 (In $ Million)
Table 18: Europe Electric Vehicle Battery Market, by Vehicle Type, 2021-2028 (In $ Million)
Table 19: Europe Electric Vehicle Battery Market, by Battery Type, 2021-2028 (In $ Million)
Table 20: Europe Electric Vehicle Battery Market, by End-User, 2021-2028 (In $ Million)
Table 21: Asia-Pacific Electric Vehicle Battery Market, Country Outlook, 2021-2028 (In $ Million)
Table 22: Asia-Pacific Electric Vehicle Battery Market, by Vehicle Type, 2021-2028 (In $ Million)
Table 23: Asia-Pacific Electric Vehicle Battery Market, by Battery Type, 2021-2028 (In $ Million)
Table 24: Asia-Pacific Electric Vehicle Battery Market, by End-User, 2021-2028 (In $ Million)
Table 25: Latin America Electric Vehicle Battery Market, Country Outlook, 2021-2028 (In $ Million)
Table 26: Latin America Electric Vehicle Battery Market, by Vehicle Type, 2021-2028 (In $ Million)
Table 27: Latin America Electric Vehicle Battery Market, by Battery Type, 2021-2028 (In $ Million)
Table 28: Latin America Electric Vehicle Battery Market, by End-User, 2021-2028 (In $ Million)
Table 29: Middle East and Africa Electric Vehicle Battery Market, Country Outlook, 2021-2028 (In $ Million)
Table 30: Middle East and Africa Electric Vehicle Battery Market, by Vehicle Type, 2021-2028 (In $ Million)
Table 31: Middle East and Africa Electric Vehicle Battery Market, by Battery Type, 2021-2028 (In $ Million)
Table 32: Middle East and Africa Electric Vehicle Battery Market, by End-user, 2021-2028 (In $ Million)
List of Figures
Figure 1: Porter’S Five Forces Analysis
Figure 2: Industry Components
Figure 3: Snapshot of a Typical Ncm Battery
Figure 4: Snapshot of a Typical Nca Battery
Figure 5: Snapshot of a Typical Lfp Battery
Figure 6: Industry Player Positioning in 2020 (In %)
Figure 7: Electric Vehicle Sales, in Units, 2010-2020
Figure 8: Lithium-Ion Battery Price Per Kwh (2010-2020)
Figure 9: Global Electric Vehicle Battery Market, by Vehicle Type, 2020 & 2028 (In %)
Figure 10: Global Electric Vehicle Battery Market, by Battery Electric Vehicle, 2021-2028 (In $ Million)
Figure 11: Global Electric Vehicle Battery Market, by Hybrid Electric Vehicle, 2021-2028 (In $ Million)
Figure 12: Global Electric Vehicle Battery Market, by Plug-In Hybrid Electric Vehicle, 2021-2028 (In $ Million)
Figure 13: Global Electric Vehicle Battery Market, by Battery Type, 2020 & 2028 (In %)
Figure 14: Global Electric Vehicle Battery Market, by Lead Acid, 2021-2028 (In $ Million)
Figure 15: Global Electric Vehicle Battery Market, by Nickel-Metal Hydride, 2021-2028 (In $ Million)
Figure 16: Global Electric Vehicle Battery Market, by Lithium-Ion, 2021-2028 (In $ Million)
Figure 17: Global Electric Vehicle Battery Market, by End-User, 2020 & 2028 (In %)
Figure 18: Global Electric Vehicle Battery Market, by Commercial Vehicle, 2021-2028 (In $ Million)
Figure 19: Global Electric Vehicle Battery Market, by Passenger Car, 2021-2028 (In $ Million)
Figure 20: Global Electric Vehicle Battery Market, by Other End-Users, 2021-2028 (In $ Million)
Figure 21: Global Electric Vehicle Battery Market, Regional Outlook, 2020 & 2028 (In %)
Figure 22: United States Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 23: Canada Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 24: United Kingdom Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 25: Germany Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 26: France Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 27: Norway Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 28: Netherlands Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 29: Sweden Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 30: Austria Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 31: Rest of Europe Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 32: China Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 33: Japan Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 34: India Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 35: South Korea Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 36: Singapore Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 37: Australia & New Zealand Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 38: Rest of Asia-Pacific Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 39: Brazil Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 40: Mexico Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 41: Rest of Latin America Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 42: United Arab Emirates Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 43: Turkey Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 44: Saudi Arabia Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 45: South Africa Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 46: Rest of Middle East & Africa Electric Vehicle Battery Market 2021-2028 (In $ Million)
Figure 47: Market Share Analysis, 2020 (In %)
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • CATL
  • LG ENSOL
  • PANASONIC
  • SAMSUNG SDI
  • SK INNOVATION
  • BYD
  • CALB
  • VEHICLE ENERGY JAPAN CO LTD
  • TOSHIBA CORPORATION
  • LITHIUM ENERGY JAPAN
  • ENVISION AESC
  • A123 SYSTEMS
  • GS YUASA
  • NORTHVOLT AB
  • PRIME PLANET ENERGY SOLUTIONS
Note: Product cover images may vary from those shown

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