Li-ion Batteries for Electric Buses Market Size to Grow USD 65750 Million by 2030 at a CAGR of 5.3% | Valuates Reports

The global Li-ion Batteries for Electric Buses market was valued at US$ 46030 million in 2023 and is anticipated to reach US$ 65750 million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.

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The electric bus lithium battery is a power source for electric buses (electric buses) using lithium-ion battery technology. This type of battery is a rechargeable battery that is primarily used to store energy to power the electric motor of an electric bus.

China's policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China's new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China's lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.

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This report aims to provide a comprehensive presentation of the global market for Li-ion Batteries for Electric Buses, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Li-ion Batteries for Electric Buses.

The Li-ion Batteries for Electric Buses market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Li-ion Batteries for Electric Buses market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Li-ion Batteries for Electric Buses manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
• LFP
• NMC

By Application
• BEV
• PHEV
• FCEV

Key Companies
Electrovaya, Enerdel, Leclanche, LG Chem, Boston Power, Samsung, Panasonic, Microvast, SK Innovation, IMPACT Clean Power Technology, Wanxiang A123 Systems, CATL, BYD, Guoxuan High-Tech GHT, Gree Altairnano New Energy, AESC, Tianjin Lishen Battery

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