New Energy Vehicle Battery Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2027)

The Global New Energy Vehicle Battery Market 2021 by Regions, Type, and Application, forecast to 2027 research report is a comprehensive, methodical, and all-encompassing examination of the industry. The study's goal is to help key vendors, organisations, and end-users in the industry better grasp the benefits and complete features of market segments. It examines market dynamics and gives an overview to aid in the definition, categorization, and statistical analysis of markets. The present condition of the worldwide New Energy Vehicle Battery market, as well as its future prospects.

In accordance with the New Energy Vehicle Battery market is set to grow at a CAGR of 17.8% over the forecast period (2021-2027).

The report's authors used a unique and industry-leading research and analysis technique to conduct an in-depth analysis of the worldwide New Energy Vehicle Battery market. From 2021 through 2027, this study anticipates demand, trends, and revenue growth at regional and country levels, as well as an examination of industry trends in each of the sub-segments.

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In the worldwide market, there are a number of important and rising New Energy Vehicle Battery market Key players:

Panasonic, LG Chem, BYD, Samsung SDI, Johnson Controls, GS Yuasa, Hitachi Group, Automotive Energy Supply, Blue Energy, Lithium Energy Japan, Bosch, Wanxiang, Beijing Pride Power

Recent Developments
In November 2020, Samsung SDI announced that it will be commercializing a li-ion battery product that would replace liquid electrolyte in a battery cell with a solid electrolyte, which improves battery performance.
In March 2020, BYD announced the launch of a blade battery system, which consists of thin individual batteries. The thickness of a single battery is around 1.35 cm and occupies 50% less space than earlier products.

In July 2020, Panasonic Corporation announced the development of a technique to visualize lithium-ion dynamics in all-solid-state batteries on a nanometer scale in real-time, in collaboration with Japan Fine Ceramics Center (JFCC) and Institute of Materials and Systems for Sustainability, Nagoya University. The technique, which makes use of scanning transmission electron microscopy (STEM) and machine learning, was applied to both bulk-type and thin-film-type all-solid-state lithium-ion batteries.

In December 2019, Samsung SDI acquired an additional 15% stake in Samsung SDI-ARN (Xi'an) Power Battery Co., Ltd (SAPB) making it the majority stakeholder in the company with 65% of ownership. SAPB was initially found in 2014 by Samsung SDI Anqing Ring New Group and Xi’an Gaoke Group.

In July 2020, LG Chem declared that it would reuse and recycle its used batteries proactively. LG Chem would research and develop technologies to predict the remaining life by collecting the batteries supplied to customers.

Market segment by Type, covers:

Lead-acid Batteries

Lithium Battery

Others

The application covered in the report include:

BEV, HEV

Market Overview

The New Energy Vehicle Battery market is expected to value USD 166.06 billion in 2027, from USD 34.08 billion in 2021, registering a CAGR  during the forecast period 2021 to 2027. The COVID-19 pandemic had very little impact on the electric vehicle industry as the most important market. China started growing after the first two months of 2021, The concerns regarding the negative effect of climate change and the growing carbon emission in major cities have created a significant demand for electric vehicles. The EV30-30 Scenario targets increasing the market share for electric vehicles (EVs) to 30% by 2030 (excluding two/three-wheelers). The supportive government policies to promote electric vehicle sales are expected to increase the demand for EV batteries over the forecast period. However, the high cost of electric vehicles, the demand-supply gap of the vital raw materials such as cobalt, and the lack of charging infrastructure are expected to restrain the growth of the market.

The lithium-ion battery segment is expected to dominate the market over the forecast period. The technological advancements, which have led to a sharp increase in the energy density of the lithium-ion battery market even while decreasing the overall cost of lithium-ion batteries, have enabled the increase in uptake of li-ion powered EVs.
Supportive government policies and investment for the deployment of the public charging infrastructure clubbed with the increasing efficiency of the electric vehicle are expected to create a significant opportunity for the market's growth in the near future.
Asia-Pacific is expected to dominate the EV battery market, owing to the increasing demand from countries such as China, India, Japan, and other countries.

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Asia-Pacific to Dominate the Market
The Asia-Pacific region dominated the global market share in 2020. With the increasing deployment of electric vehicles in countries such as China, Japan, and India, and the high demand for vehicles with urbanization and increasing power purchase parity, the usage of lithium-ion batteries is expected to witness significant growth in the region.
China is one of the largest markets for electric vehicles, and the increasing adoption of electric vehicles in the country has been in line with the clean energy policy. Moreover, the Government of China has been providing both financial and non-financial incentives to promote the adoption of electric vehicles.

Regional Outlook:

This research report focuses on New Energy Vehicle Battery market volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.

Europe would enjoy the second spot where several factors like automation and better technical inclusion and Scope. The Asia Pacific region has better prospect in growing with a high CAGR in the coming years as the regional market would witness several changes in the infrastructure.

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Table of Contents: New Energy Vehicle Battery Market

Chapter 1: Global New Energy Vehicle Battery Market Overview

Chapter 2: Economic Impact on Industry

Chapter 3: New Energy Vehicle BatteryMarket Competition by Manufacturers

Chapter 4: Production, Revenue (Value) by Region

Chapter 5: Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Production, Revenue (Value), Price Trend by Type

Chapter 7: New Energy Vehicle Battery Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: New Energy Vehicle Battery Market Effect Factors Analysis

Chapter 12: Research Conclusions of Global New Energy Vehicle Battery Market

Impact of COVID-19:

The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.

Report Customization:

The Global New Energy Vehicle Battery Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.

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