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.
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.
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.
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?
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FEATURED COMPANIES
- A123 SYSTEMS
- CALB
- ENVISION AESC
- LG ENSOL
- NORTHVOLT AB
- SAMSUNG SDI
1. Global Electric Vehicle Battery Market - Summary
2. Industry Outlook
3. Global Electric Vehicle Battery Market - by Vehicle Type
4. Global Electric Vehicle Battery Market - by Battery Type
5. Global Electric Vehicle Battery Market - by End-User
6. Global Electric Vehicle Battery Market - Regional Outlook
7. Competitive Landscape
8. Methodology & Scope
List of Tables
List of Figures
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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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