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Electric Vehicle Battery Market By Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), By Battery Type (Lead Acid Battery, Nickel Metal Hydride Battery, Lithium-Ion Battery), By Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket), By Application (Passenger Car, Commercial Vehicle) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2027

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Published: | Report ID: 14575 | Report Format : PDF

Market Insights

The global Electric Vehicle Battery market is expected to cross market value of USD 78.11 billion in 2027 from USD 26.62 billion in 2020. It is expected to grow at a CAGR of over 24.16% during the forecast period.

Hybrid cars have an internal combustion engine and an electric motor, and they use energy stored in batteries, which are charged by regenerative braking and the internal combustion engine. Credence Research is offering holistic information and absolute accuracy on the report titled “Global Electric Vehicle Battery Market”.

Key Market Drivers and Restraints

Factors that have high impact on the market growth of industrial electric vehicles will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to identify the revenue generation.

Impact of COVID 19

Although the outbreak of COVID-19 halted global production and sales of new vehicles, the effect on electric vehicles was positive. The total number of electric vehicles sold in 2020 was higher than the total number of electric vehicles sold in 2019. Part production, on the other hand, suffered a setback, and marginal Tier II and Tier III manufacturers faced cash flow problems.

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Asia-Pacific to Dominate the global market

On geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research is providing in-depth insight on prominent regions of market. Asia-Pacific dominated with over 58% share in 2020.

Global Market is led by the Lithium-Ion Battery

Nickel-Metal Hydride Battery, Lead Acid Battery, and Lithium-Ion Battery are the various battery type of the global market. In 2020, Lithium-Ion Battery accounted for the largest share in global market. Companies can use the refined constituent materials for producing lithium-ion batteries for energy storage systems by recycling lithium-ion batteries that are already used in electric vehicles (ESS).

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BEV continue to dominate the global market in terms of vehicle type

BEV, PHEV and HEV are three vehicle types of this market. BEV has dominated the market in 2020. The popularity of battery electric vehicles (BEVs) is skyrocketing, due to the continuous introduction of new BEV models to meet consumer demand.

 1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Electric Vehicle Battery Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Electric Vehicle Battery Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Battery Type
3.3.2.Vehicle Type
3.3.3.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Electric Vehicle Battery Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Electric Vehicle Battery Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle Battery Market, By Battery Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Lead Acid Battery
6.2.3.Nickel-Metal Hydride Battery
6.2.4.Lithium-Ion Battery
6.2.5.Plug-in hybrid
6.3.North America Electric Vehicle Battery Market, by Vehicle Type, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.BEV
6.3.3.PHEV
6.3.4.HEV

7.Europe

7.1.Europe Electric Vehicle Battery Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle Battery Market, By Battery Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Lead Acid Battery
7.2.3.Nickel-Metal Hydride Battery
7.2.4.Lithium-Ion Battery
7.3.Europe Electric Vehicle Battery Market, by Vehicle Type, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.BEV
7.3.3.PHEV
7.3.4.HEV

8.Asia Pacific

8.1.Asia Pacific Electric Vehicle Battery Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Battery Market, By Battery Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Lead Acid Battery
8.2.3.Nickel-Metal Hydride Battery
8.2.4.Lithium-Ion Battery
8.3.Asia Pacific Electric Vehicle Battery Market, by Vehicle Type, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.BEV
8.3.3.PHEV
8.3.4.HEV

9.Latin America

9.1.Latin America Electric Vehicle Battery Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle Battery Market, By Battery Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Lead Acid Battery
9.2.3.Nickel-Metal Hydride Battery
9.2.4.Lithium-Ion Battery
9.3.Latin America Electric Vehicle Battery Market, by Vehicle Type, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.BEV
9.3.3.PHEV
9.3.4.HEV

10.Middle East

10.1.Middle East Electric Vehicle Battery Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle Battery Market, By Battery Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Lead Acid Battery
10.2.3.Nickel-Metal Hydride Battery
10.2.4.Lithium-Ion Battery
10.3.Middle East Electric Vehicle Battery Market, by Vehicle Type, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.BEV
10.3.3.PHEV
10.3.4.HEV

11.Africa

11.1.Africa Electric Vehicle Battery Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Battery Market, By Battery Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Lead Acid Battery
11.2.3.Nickel-Metal Hydride Battery
11.2.4.Lithium-Ion Battery
11.3.Africa Electric Vehicle Battery Market, by Vehicle Type, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.BEV
11.3.3.PHEV
11.3.4.HEV

12.Global

12.1.Global Electric Vehicle Battery Market, By Battery Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Lead Acid Battery
12.1.3.Nickel-Metal Hydride Battery
12.1.4.Lithium-Ion Battery
12.2.Global Electric Vehicle Battery Market, by Vehicle Type, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.BEV
12.2.3.PHEV
12.2.4.HEV

13.Company Profiles

13.1.A123 Systems LLC
13.2. Automotive Energy Supply Corporation (AESC)
13.3. Bosch Mobility Solutions
13.4. BYD Co., Ltd.
13.5. Contemporary Amperex Technology Co., Limited
13.6. E-One Moli Energy Corporation
13.7. Hitachi Automotive Systems Ltd.
13.8. Johnson Controls, Inc.

List of Figures

FIG. 1 Global Electric Vehicle Battery Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Electric Vehicle Battery Market Segmentation

FIG. 4 Global Electric Vehicle Battery Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Electric Vehicle Battery Market, by End-user, 2019 (US$ Bn)

FIG. 6 Global Electric Vehicle Battery Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Electric Vehicle Battery Market Manufacturers, 2019

FIG. 9 Global Electric Vehicle Battery Market Value Contribution, By Type of Metal Extracted, 2019 & 2027 (Value %)

FIG. 10 Global Electric Vehicle Battery Market, by Metal 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Electric Vehicle Battery Market, by Metal 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Electric Vehicle Battery Market, by Metal 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Electric Vehicle Battery Market, by Metal 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Electric Vehicle Battery Market, by Metal 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Electric Vehicle Battery Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Electric Vehicle Battery Market Value Contribution, By Battery Type, 2019 & 2027 (Value %)

FIG. 17 Global Electric Vehicle Battery Market, by Process 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Electric Vehicle Battery Market, by Process 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Electric Vehicle Battery Market, by Process 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 24 France Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 27 China Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 28 India Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

Latin America Electric Vehicle Battery Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Vehicle Battery Market

TABLE 2 Global Electric Vehicle Battery Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 3 Global Electric Vehicle Battery Market, by Battery Type, 2015-2027 (US$ Bn)

TABLE 4 Global Electric Vehicle Battery Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 5 Global Electric Vehicle Battery Market, by Geography, 2015-2027 (US$ Bn)

TABLE 6 North America Electric Vehicle Battery Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 7 North America Electric Vehicle Battery Market, by Battery Type, 2015-2027 (US$ Bn)

TABLE 8 North America Electric Vehicle Battery Market, by Country, 2015-2027 (US$ Bn)

TABLE 9 Europe Electric Vehicle Battery Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 10 Europe Electric Vehicle Battery Market, by Battery Type, 2015-2027 (US$ Bn)

TABLE 11 Europe Electric Vehicle Battery Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Electric Vehicle Battery Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Electric Vehicle Battery Market, by Battery Type, 2015-2027 (US$ Bn)

TABLE 14 Asia Pacific Electric Vehicle Battery Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 15 Latin America Electric Vehicle Battery Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 16 Latin America Electric Vehicle Battery Market, by Battery Type, 2015-2027 (US$ Bn)

TABLE 17 Latin America Electric Vehicle Battery Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 18 Middle East Electric Vehicle Battery Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 19 Middle East Electric Vehicle Battery Market, by Battery Type, 2015-2027 (US$ Bn)

TABLE 20 Middle East Electric Vehicle Battery Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 21 Africa Electric Vehicle Battery Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 22 Africa Electric Vehicle Battery Market, by Battery Type, 2015-2027 (US$ Bn)

TABLE 23 Africa Electric Vehicle Battery Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 24 Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26  Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29  Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently asked questions

Which are the different Battery Types of this industry?

Nickel-Metal Hydride Battery, Lead Acid Battery, Full-hybrid, and Plug-in hybrid are different Battery Types

Who are the key players in the global industry?

A123 Systems LLC, Bosch Mobility Solutions, Automotive Energy Supply Corporation (AESC), BYD Co., Ltd., Hitachi Automotive Systems Ltd., Bosch Mobility Solutions, Contemporary Amperex Technology Co., Limited, are the key players operating in this market

Which is the fastest growing Vehicle Type segment for global industry

BEV Vehicle Type offers tremendous opportunities to players

Which is the leading regional market for global industry?

Asia-Pacific has the largest share owing to various developments happening in this space

What will be the CAGR (2021 – 2027) of in global industry?

The market is anticipated to grow at a CAGR of 24.16% throughout the forecast period

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