EV Battery Market worth $199.90 billion by 2030, growing at a CAGR of 16.90% - Exclusive Report by 360iResearch

The "EV Battery Market by Battery Type (Lead-Acid, Lithium-Ion, Nickel-Metal Hydride), Battery Form (Cylindrical, Pouch, Prismatic), Propulsion, Method, Battery Capacity, Vehicle Type - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global EV Battery Market to grow from USD 66.98 billion in 2023 to USD 199.90 billion by 2030, at a CAGR of 16.90%.

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Electric vehicle (EV) batteries are the power sources for electric cars, buses, bicycles, and other vehicles powered by electricity other than internal combustion engines. The electric vehicle battery market encompasses the production, distribution, and sale of batteries specifically designed for electric vehicles. Improvements in battery technology, including energy density and charging speed, are rising the adoption of EV batteries. The increasing awareness of the hazardous environmental impact of fossil fuels increases demand for electric vehicles, contributing to the market growth. Economies of scale and advancements in manufacturing processes are reducing the cost of EV batteries. However, reliance on critical materials such as lithium & cobalt and the volatility of their supply chains has limited the adoption of EV batteries. The need for continual technological advancements to improve range and reduce charging times poses ongoing challenges in the market space. Moreover, developing economies with growing demand for electric vehicles provide new markets for EV batteries. Solid-state batteries and other emerging technologies offer the potential for higher performance and safety of EV batteries. Recycling and second-life applications create opportunities to repurpose EV batteries for other applications, attracting market growth opportunities.

In the Americas region, the United States and Canada are witnessing a sharp incline in consumer demand for EVs, fueled by various state-level incentives and federal tax credits. Collaboration between academics and industry has led to significant patents and research in solid-state batteries and battery recycling technologies, driving the market growth in the Americas region. The EMEA region is witnessing a burgeoning EV market, propelled by stringent CO2 emission standards by the European countries. European companies are actively pursuing patents, notably in the domain of electric vehicle infrastructure and next-generation battery technology. The luxury EV market is robust in Middle-East countries, reflecting the region's consumer purchasing power and preference for premium brands. Africa's EV battery market is at a nascent stage, with growth impeded by economic constraints and infrastructure challenges. In the APAC region, China is a prominent country in the EV battery market due to its aggressive industrial policies, vast consumer base, and substantial investments in battery technology and production capacity. The ongoing investments in local battery production and research focused on cost-effective and adaptable EV battery solutions are driving the market in the APAC region.

Market Segmentation & Coverage:

This research report categorizes the EV Battery Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Battery Type, market is studied across Lead-Acid, Lithium-Ion, Nickel-Metal Hydride, and Solid-State. The Solid-State is projected to witness significant market share during forecast period.

Based on Battery Form, market is studied across Cylindrical, Pouch, and Prismatic. The Cylindrical is projected to witness significant market share during forecast period.

Based on Propulsion, market is studied across BEV, FCEV, HEV, and PHEV. The FCEV is projected to witness significant market share during forecast period.

Based on Method, market is studied across Laser Bonding and Wire Bonding. The Laser Bonding is projected to witness significant market share during forecast period.

Based on Battery Capacity, market is studied across 111-200 kWh, 201-300 kWh, 50-110 kWh, 300 kWh. The 111-200 kWh is projected to witness significant market share during forecast period.

Based on Vehicle Type, market is studied across Buses, Medium & Heavy Trucks, Off-highway Vehicles, Passenger Cars, and Vans or Light Trucks. The Off-highway Vehicles is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 40.12% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the EV Battery Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the EV Battery Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the EV Battery Market, highlighting leading vendors and their innovative profiles. These include Amara Raja Batteries Limited, BYD Co. Ltd, Clarios, Envision AESC Group, Exicom Tele-Systems Limited, Exide Industries Ltd., Farasis Energy, GS Yuasa Corporation, Hero Electric Vehicles Pvt. Ltd., Hitachi Ltd., Johnson Controls Inc., LG Energy Solution Ltd., Mitsubishi Motors Corporation, Narada Power Source Co. Ltd., Northvolt AB, Okaya Power Pvt. Ltd., Panasonic Corporation, Romeo Power Inc. by Nikola Corporation, SAMSUNG SDI Co., Ltd., Tata Motors Limited, Tesla, Inc., Tianjin Lishen Battery Joint-Stock Co., Ltd., Tianneng Power International Limited, Toshiba Corporation, Varta AG, and Wanxiang A123 Systems Corp..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. EV Battery Market, by Battery Type
7. EV Battery Market, by Battery Form
8. EV Battery Market, by Propulsion
9. EV Battery Market, by Method
10. EV Battery Market, by Battery Capacity
11. EV Battery Market, by Vehicle Type
12. Americas EV Battery Market
13. Asia-Pacific EV Battery Market
14. Europe, Middle East & Africa EV Battery Market
15. Competitive Landscape
16. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the EV Battery Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the EV Battery Market?
3. What is the competitive strategic window for opportunities in the EV Battery Market?
4. What are the technology trends and regulatory frameworks in the EV Battery Market?
5. What is the market share of the leading vendors in the EV Battery Market?
6. What modes and strategic moves are considered suitable for entering the EV Battery Market?

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