Press release
Electric Vehicle (EV) Batteries Plant Construction Market on Track for Strong Growth, Estimated to Grow at 10.8% CAGR Through 2029
Electric Vehicle (EV) Batteries Plant Construction
What Is the Expected CAGR for the Electric Vehicle (EV) Batteries Plant Construction Market Through 2025?
In recent times, the market size of the construction of electric vehicle (EV) battery plants has significantly expanded. Expectations are that it will increase from $10.35 billion in 2024 and achieve a value of $11.51 billion in 2025, maintaining a compound annual growth rate (CAGR) of approximately 11.2%. The substantial growth experienced during the historical period can be tied to factors such as the surge in consumer demand for electric vehicles, an escalation in investments pouring into EV battery technologies, a broader acceptance of renewable energy resources, amplified support and subsidies from government bodies, and a heightened global focus on achieving carbon neutrality goals.
What's the Projected Size of the Global Electric Vehicle (EV) Batteries Plant Construction Market by 2029?
The market size for constructing electric vehicle (EV) battery plants is set for a fast-paced expansion in the upcoming years, predicted to reach a value of $17.37 billion in 2029 with a compound annual growth rate (CAGR) of 10.8%. This projected growth during the forecast period is driven by factors such as increasing collaborations and joint ventures among automotive OEMs, heightened demand for energy storage systems beyond automotive use, ambitious expansion plans by prominent battery manufacturers, augmented urbanisation and smart city initiatives, and a surge in demand for fast-charging infrastructure. Trending advancements within this period encompass progress in lithium-ion battery technology, incorporation of renewable energy sources in battery plants, technological advancements in battery recycling methods, emerging developments in modular and scalable battery pack designs, and forward strides in battery thermal management systems.
View the full report here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-batteries-plant-construction-global-market-report
Top Growth Drivers in the Electric Vehicle (EV) Batteries Plant Construction Industry: What's Accelerating the Market?
The surge in consumer interest for electric vehicles is anticipated to significantly fuel the electric vehicle (EV) battery plant construction market's expansion. An electric vehicle - either fully or partially powered by electricity from rechargeable batteries - is becoming increasingly sought-after due to soaring fuel costs, making electric vehicles a more economical and budget-friendly mode of transport. The production conducted at electric vehicle (EV) batteries plant guarantees a consistent and expandable battery supply, facilitating wider acceptance and production efficacy. As an illustration, data from Cox Automotive, an American system software corporation, suggested in January 2025, that sales of electric vehicles saw an upward revision to 1,212,758 units in 2023, indicating a 49% increase when juxtaposed with 2022. Sales persisted in ascending by 7.3% in 2024, culminating in 1,301,411 units. Thus, the escalating consumer demand for electric vehicles is the key driver for the rise of the electric vehicle (EV) battery plant construction industry.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25310&type=smp
What Trends Will Shape the Electric Vehicle (EV) Batteries Plant Construction Market Through 2029 and Beyond?
Primary firms in the EV battery plant construction industry are prioritizing the incorporation of advanced technologies such as ARC technology stack to boost efficiency in battery design, scalability, and production pace. The ARC technology stack is a modular battery design and manufacturing system that simplifies the creation of customized EV battery packs, reducing design time, enhancing scalability, and allowing for a quicker shift from prototype to production. For instance, in February 2025, Ionetic Ltd., a UK-based company specializing in software-accelerated battery pack technology, inaugurated a £5 million ARC fab pilot facility in Brackley, UK. The goal is to leverage its arc technology stack, expedite the production of custom EV battery packs, and enhance efficiency, scalability, and decrease time-to-market. The 5,000 square feet facility is anticipated to be fully functional by the third quarter of 2025, serving as the worldwide headquarters for Ionetic. The facility's design is intended to support the creation of battery packs for specialist original equipment manufacturers who produce trucks, buses, and off-road commercial vehicles.
What Are the Main Segments in the Electric Vehicle (EV) Batteries Plant Construction Market?
The electric vehicle (EV) batteries plant construction market covered in this report is segmented -
1) By Component: Building And Infrastructure, Machinery And Equipment, Energy Storage Systems, Control Systems And Automation
2) By Battery: Lithium-Ion Batteries, Solid-State Batteries, Lead-Acid Batteries, Nickel-Metal Hydride (NiMH) Batteries, Other Batteries
3) By Construction Type: New Plant Construction, Plant Expansion, Plant Renovation
4) By Plant Capacity: Up To 10 Gigawatt-Hour, 10-50 Gigawatt-Hour, Above 50 Gigawatt-Hour
Subsegments:
1) By Building And Infrastructure: Structural Framework, Roofing And Cladding, Heating, Ventilation, And Air Conditioning (HVAC) Systems, Water Supply And Drainage, Fire Safety And Suppression Systems, Interior Fit-Outs, Parking And Access Roads
2) By Machinery And Equipment: Battery Cell Assembly Machines, Module And Pack Assembly Systems, Conveyors And Handling Equipment, Welding And Laser Equipment, Dry Rooms And Air Handling Units, Mixing And Coating Machines, Formation And Aging Equipment
3) By Energy Storage Systems: Battery Racks And Cabinets, Battery Management Systems (BMS), Inverters And Converters, Thermal Management Systems, Power Conditioning Units, Charging And Discharging Stations
4) By Control Systems And Automation: Supervisory Control And Data Acquisition (SCADA) Systems, Programmable Logic Controllers (PLCs), Robotics And Automation Arms, Human-Machine Interface (HMI), Data Acquisition And Monitoring Systems, Quality Control And Testing Systems
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=25310&type=smp
Which Top Companies are Driving Growth in the Electric Vehicle (EV) Batteries Plant Construction Market?
Major Companies operating in the electric vehicle (EV) batteries plant construction market are Volkswagen AG, Toyota Motor Corporation, Panasonic Energy Co. Ltd., SK Innovation Co. Ltd., Contemporary ere*x Technology Co. Limited, LG Energy Solution Ltd., Samsung SDI Co. Ltd., Sunwoda Electronic Co. Ltd., Barton Malow Company, EVE Energy Co. Ltd., Northvolt AB, VinFast Auto Ltd., Amara Raja Energy & Mobility Limited, BMZ Batterien-Montage-Zentrum GmbH, Ola Electric Mobility Private Limited, Shenzhen BAK Power Battery Co. Ltd., Microvast Holdings Inc., Forsee Power SA, Electrovaya Inc., Amplify Cell Technologies LLC, SVOLT Energy Technology Co. Ltd.
Which Regions Will Dominate the Electric Vehicle (EV) Batteries Plant Construction Market Through 2029?
Asia-Pacific was the largest region in the electric vehicle (EV) batteries plant construction market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle (EV) batteries plant construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=25310
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Vehicle (EV) Batteries Plant Construction Market on Track for Strong Growth, Estimated to Grow at 10.8% CAGR Through 2029 here
News-ID: 4154509 • Views: …
More Releases from The Business Research Company
Rise in High-Rise And Supertall Constructions Fueling The Growth Of The Market D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Building Maintenance Unit (BMU) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the building maintenance unit market has significantly escalated in the past few years. It is projected to increase from $3.16 billion in 2024 to $3.44 billion in 2025, with a…
Future of the Blasting Mats Market: Trends, Innovations, and Key Forecasts Throu …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Blasting Mats Market Size Growth Forecast: What to Expect by 2025?
In recent times, the blasting mats market size has seen robust growth. The market is forecasted to expand from $1.26 billion in 2024 to $1.35 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. This…
Belt Loader Market Expected to Achieve 6.7% CAGR by 2029: Growth Forecast Insigh …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Belt Loader Market Size By 2025?
The market size of belt loader has experienced significant growth in the past few years. The prediction is that it will rise from $1.01 billion in 2024 to $1.08 billion in 2025, registering a compound annual growth rate (CAGR)…
Global Aviation IoT Market Projected to Grow at 20.6% CAGR, Reaching $19.34 Bill …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Aviation IoT Industry Market Size Be by 2025?
In the recent past, the market size of aviation IoT has witnessed massive growth. It is projected that the market will expand from $7.55 billion in 2024 to $9.13 billion in 2025, indicating a compound annual growth rate…
More Releases for Batteries
Lithium Coin Batteries Market | Duracell, Energizer, FDK, GP Batteries
The global lithium coin batteries market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the lithium coin batteries market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
As electrode materials for India Lithium-Ion Battery Market, nanomaterials have several unique physicochemical properties, such as large surface area, short transport length, high reversible capacity, and long cycle life. Energy storage in lithium-ion batteries is based on inserting lithium into either a type of graphite (cathode) or an oxide (anode). Charging and discharging consist of the transport of lithium ions between two storage media.
Developing next-generation lithium-ion batteries with dramatically…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
India Lithium-Ion Battery Market are a group of rechargeable battery types in which lithium ions move to the anode at the negative electrode during discharge and re-move during charging. Chemical, performance, cost, and safety characteristics depend on the type of lithium-ion battery.
India Lithium-Ion Battery Market is common in home appliances. They are the most popular rechargeable batteries for portable electronics, either with the highest energy-to-weight ratio, high open…
India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.
Beyond consumer electronics, lithium-ion…
Motorcycle Batteries Market Growing Up By Type: Lithium-ion Batteries, Lead-acid …
Acumen Research and Consulting has announced the addition of the "Motorcycle Batteries Market” report to their offering.
The Motorcycle Batteries Market Report 2018 is an in depth study analyzing the current state of the Motorcycle Batteries Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Motorcycle Batteries Market provides analysis of China market covering the industry trends, recent…
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current…
