Global Electric Vehicle Battery Market Overview
According to SPER Market Research, the Global EV Battery Market is estimated to reach USD 353.60 billion by 2032 with a CAGR of 20.15%.
Over the past two decades, the growth rate of batteries has been propelled by the development of Lithium-ion technology. Li-ion batteries have mostly replaced Nickel Metal Hydride (NiMH) batteries, which were initially used in hybrid cars to power plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). The advantages of Li-ion as a battery technology are high energy density, charge holding capacity, and ease of maintenance. It is projected that automakers would provide Li-ion powered solutions as the main power source in their cars when they introduce BEVs and PHEVs to the EV battery market.
Impact of COVID-19 on the Global Electric Vehicle Battery Market
The COVID-19 epidemic has had a detrimental impact on the world economy since several industries' activities have ceased. Due to the COVID-19 epidemic, there has been a decrease in demand for electric cars around the globe, mostly as a result of lockdowns and job losses. In addition, several government organizations purchase electric vehicles for use in public transportation. Government agencies have been obliged to spend less on public transportation and more on healthcare and other associated infrastructure as a result of the epidemic. To protect workers' safety, the majority of hybrid EV battery supply chain firms have halted operations. But some businesses are just working at bare minimum levels to serve the transportation industry. Due to the huge fall in demand, the automobile sector has seen a detrimental impact.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Propulsion Type, By Battery Type, By Vehicle Type
|
| Regions covered | Asia Pacific, Europe, Latin America, Middle East and Africa, North America
|
| Companies Covered | Beijing pride power battery technology co ltd, BYD company limited (byd auto co., ltd.), Enersys (Quallion llc), GSR capital (automotive energy supply corporation), LG Chem ltd., Mitsubishi electric corporation, Panasonic corporation, Samsung electronics co. Ltd., Tianneng power international limited, Wanxiang group corporation
|
Electric Vehicle Battery Market Battery Market Segmentation:
1. By Propulsion Type:
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
2. By Battery Type:
- Lead Acid Battery
- Nickel Metal Hydride Battery
- Lithium-ion Battery
3. By Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Two-Wheeler
4. By Region Type:
- Asia Pacific
- Europe
- Latin America
- Middle East
- Africa
- North America
Key Topics Covered in the Report:
- Size of Global EV Battery Market (FY’2019-FY’2032)
- Overview of Global EV Battery Market
- Segmentation of Global EV Battery Market By Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug in Hybrid Electric Vehicle)
- Segmentation of Global EV Battery Market By Battery Type (Lead Acid Battery, Nickel Metal Hydride Battery, Lithium ion battery)
- Segmentation of Global EV Battery Market By Vehicle Type (Passenger Car, Commercial Vehicle, Two Wheeler)
- Statistical Snap of Global EV Battery Market
- Growth Analysis of Global EV Battery Market
- Problems and Challenges in Global EV Battery Market
- Competitive Landscape in the Global EV Battery Market
- Impact of COVID-19 and Demonetization on Global EV Battery Market
- Details on Recent Investment in Global EV Battery Market
- Competitive Analysis of Global EV Battery Market
- Major Players in the Global EV Battery Market
- SWOT Analysis of Global EV Battery Market
- Global EV Battery Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global EV Battery Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global EV Battery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global EV Battery Market
7. Global EV Battery Market, By Propulsion Type, 2019-2032 (USD Million)
7.1 Battery Electric Vehicle
7.2 Hybrid Electric Vehicle
7.3 Plug-in Hybrid Electric Vehicle
8. Global EV Battery Market, By Battery Type, 2019-2032 (USD Million)
8.1 Lead Acid Battery
8.2 Nickel Metal Hydride Battery
8.3 Lithium-ion Battery
9. Global EV Battery Market, By Vehicle Type, 2019-2032 (USD Million)
9.1 Passenger Car
9.2 Commercial Vehicle
9.3 Two-Wheeler
10. Global EV Battery Market, By Region Type, 2019-2032 (USD Million)
10.1 Global EV Battery Market Size and Market Share by Region (2019-2025)
10.2 Global EV Battery Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Russia
10.4.4 United Kingdom
10.4.5 Rest of Europe
10.5 Latin America, Middle East, and Africa
10.5.1 Latin America
10.5.2 Middle East
10.5.3 Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
11. Company Profiles
11.1 Beijing Pride Power Battery Technology Co Ltd
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 BYD Company Limited (BYD AUTO CO., LTD.)
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Enersys
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent development
11.4 LG Chem Ltd.
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Mitsubishi Electric Corporation
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Panasonic Corporation
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Samsung Electronics CO. LTD.
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Tianneng Power International Limited
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Wanxiang Group Corporation
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent development
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
