Electric Vehicle Battery Market by Battery Type and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR43129
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The electric vehicle (EV) battery market has the potential to grow by USD 37.69 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 18.48%.

This electric vehicle battery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The advances in EV battery and associated technologies is notably driving the EV battery market growth, although factors such as safety concerns regarding lithium-ion batteries may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the electric vehicle battery industry get your FREE report sample now.

This report provides extensive insights on segmentation by battery type (lithium-ion battery, lead-acid battery, and others) and geography (APAC, North America, Europe, MEA, and South America). The electric vehicle battery market report also offers information on several market vendors, including A123 Systems LLC, Ballard Power Systems Inc., BYD Company Ltd., Cummins Inc., EnerSys, Exide Technologies, GS Yuasa International Ltd., LG Chem Ltd., Panasonic Corp., and Samsung SDI Co. Ltd. among others.

What will the Electric Vehicle (EV) Battery Market Size be in 2021?

Electric-Vehicle-(EV)-Battery-Market-Market-Size-2020-2025

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Electric Vehicle (EV) Battery Market: Key Drivers and Trends

  • The advances in EV batteries and associated technologies are expected to drive the electric vehicle battery market growth. 
  • Several automotive companies are engaging in collaborative partnerships with other manufacturers for developing batteries with improved specifications.
  • Next-generation batteries are safer compared to lithium-ion batteries, have high charging rates, and low battery leakage risks.
  • Several initiatives are being implemented for improving battery quality. Such rising initiatives to enhance the efficiency of electric vehicles will drive the EV battery market growth during the forecast period.
  • Significant developments in EV charging infrastructure will also influence the growth of this market. 
  • Factors, including the deployment targets for charging stations, enactment of regulations, provision of financial aids, and the mobilization of funding for installations are supporting the development of infrastructure for EVs.
  • Because of the contribution of several key members in the EV value chain, the infrastructure for EVs will continue to grow and develop while leading to high electric vehicle battery sales.

This electric vehicle battery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Electric Vehicle (EV) Battery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A123 Systems LLC
  • Ballard Power Systems Inc.
  • BYD Company Ltd.
  • Cummins Inc.
  • EnerSys
  • Exide Technologies
  • GS Yuasa International Ltd.
  • LG Chem Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.

 

The EV battery market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the electric vehicle battery market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Electric Vehicle (EV) Battery Market?

Electric-Vehicle-(EV)-Battery-Market-Market-Share-by-Region-2020-2025

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67% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for electric vehicle batteries in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The presence of numerous established vendors will facilitate the electric vehicle battery market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Battery Type Segments in the Electric Vehicle (EV) Battery Market?

Electric-Vehicle-(EV)-Battery-Market-Market-Share-by-Battery Type-2020-2025

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The electric vehicle battery market share growth by the lithium-ion battery segment will be significant during the forecast period. The growth of this segment can be attributed to the high demand for lithium-ion batteries from the EV industry and the declining prices of battery technology. Lithium-ion batteries do not have the various drawbacks of other battery chemistries such as lead-acid batteries and NiMH batteries, and thus, the demand for these batteries for use in EVs will continue to rise.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the electric vehicle battery market size.

 

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What are the Key Factors Covered in this Electric Vehicle (EV) Battery Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive electric vehicle battery market growth during the next five years
  • Precise estimation of the EV battery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle battery industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle battery market vendors

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Electric Vehicle (EV) Battery Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 18%

Market growth 2021-2025

$ 37.69 billion

Market structure

Fragmented

YoY growth (%)

13.20

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 67%

Key consumer countries

China, Japan, US, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A123 Systems LLC, BYD Company Ltd., Cummins Inc., EnerSys, Exide Technologies, LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., Ballard Power Systems Inc., and GS Yuasa International Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Lithium-ion battery - Market size and forecast 2020-2025
    • Lead-acid battery - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • A123 Systems LLC
    • Ballard Power Systems Inc.
    • BYD Company Ltd.
    • Cummins Inc.
    • EnerSys
    • Exide Technologies
    • GS Yuasa International Ltd.
    • LG Chem Ltd.
    • Panasonic Corp.
    • Samsung SDI Co. Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The electric vehicle (ev) battery market growth will increase by $44243.52 million during 2019-2024.
    The electric vehicle (ev) battery market is expected to grow at a CAGR of 21.78% during 2019-2024.
    Technavio has segmented the electric vehicle (ev) battery market by other 1 (Lithium-ion battery, Lead-acid battery, and Others) and geographic (APAC, North America, Europe, and South America).
    A123 Systems LLC, Ballard Power Systems Inc., BYD Company Ltd., Cummins Inc., EnerSys, Exide Technologies, GS Yuasa International Ltd., LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd. are a few of the key vendors in the electric vehicle (ev) battery market.
    APAC will register the highest growth rate of 68.65% among the other regions. Therefore, the electric vehicle (ev) battery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the electric vehicle (ev) battery market growth are:
    • Advances in EV battery and associated technologies
    • Increasing adoption of telerehabilitation
    The electric vehicle (ev) battery market vendors should focus on grabbing business opportunities from the lithium-ion battery segment as it accounted for the largest market share in the base year.
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