0

Electric Vehicle Battery Market by Battery Type and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 146
  • SKU: IRTNTR43129
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The electric vehicle (EV) battery market share is estimated to reach a value of USD 38.05 billion from 2021 to 2026 at an accelerating CAGR of 14.87%.

The electric vehicle (EV) battery market has been broadly categorized into the following demographic segmentations: 

  • Type - Lithium-ion battery and lead-acid battery 
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa.

This electric vehicle (EV) battery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The electric vehicle (EV) battery market report also offers information on several market vendors, including A123 Systems LLC, Ballard Power Systems Inc., BYD Co. Ltd., Clarios, Crown Battery Manufacturing Co., Cummins Inc., East Penn Manufacturing Co. Inc., EnerSys, Enertech International Inc., Envision Energy USA Ltd., Exide Industries Ltd., GS Yuasa Corp., Hitachi Ltd., LG Chem Ltd., Zhejiang Narada Power Source Co. Ltd., OptimumNano Energy Co. Ltd., Panasonic Corp., Samsung SDI Co. Ltd., SK Innovation Co. Ltd., Solid Power Inc., and Tianneng Battery among others.

One of the key highlights of the single-use bioprocessing system industry research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

What will the Electric Vehicle (EV) Battery Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Electric Vehicle (EV) Battery Market Size for the Forecast Period and Other Important Statistics

 

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

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for EVs and their expanded applications is notably driving the electric vehicle (EV) battery market growth, although factors such as the growing global power crisis may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric vehicle (EV) battery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Vehicle (EV) Battery Market Driver

The increasing demand for EVs and their expanded applications is one of the key drivers supporting the electric vehicle (EV) battery market growth.  Nowadays, consumers have started adopting hybrid electric vehicles (HEVs) due to the following factors:

  • There is a trend developed to reduce fuel and GHG emissions. In view of this, consumers are shifting toward green cars. 
  • Many countries are offering various attractive incentives and tax benefits to increase the adoption of green vehicles.

  • Most countries have come up with stringent emission norms to minimize the impact of global warming and reduce the emission of GHGs. 

These initiatives will fuel the electric vehicle (EV) battery market growth during the forecast period. 

Key Electric Vehicle (EV) Battery Market Trend

The increasing use of software and sensors for intelligent BMS is one of the key electric vehicle (EV) battery market trends fueling the electric vehicle (EV) battery market growth. BMS is basically characterized by the accuracy, fault detectability, and robustness of the controller incorporated into the system. Therefore, the increasing use of software and sensors for intelligent BMS trend develops and implements integrated circuits and sensors that provide precise information and helps to design an intelligent BMS. They can monitor and detect small changes in the battery voltage and current through sensors with an accuracy of 0.5% for current and 0.1% for voltage over full operating temperature and throughout the lifetime. Such factors are expected to increase the use of EV batteries, which, in turn, will drive the growth of the market during the forecast period. 

Key Electric Vehicle (EV) Battery Market Challenge

The growing global power crisis is one of the challenges hampering the electric vehicle (EV) battery market growth. For instance, EVs in Europe represent almost 25% of the vehicles on the road, which minimizes the consumption of approximately 13 million barrels of crude oil per day. However, it consumes electricity, which equals an 11% share of the global power demand. Moreover, India and Japan are among the Asian countries that are facing a power crisis. Currently, Japan meets more than 85% of its primary energy requirements through imports. The country's dependence on oil imports has consequently increased, thereby increasing the cost of electricity. Thus, the power crisis, along with the increased cost of electricity generation, is significantly affecting the sales of EVs, thereby affecting the sales of EV batteries. Such factors are expected to drive the growth of the electric vehicle battery market during the forecast period. 

This electric vehicle (EV) 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. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electric vehicle (EV) battery market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric vehicle (EV) battery market during the forecast period.

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 Co. Ltd.
  • Clarios
  • Crown Battery Manufacturing Co.
  • Cummins Inc.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Enertech International Inc.
  • Envision Energy USA Ltd.
  • Exide Industries Ltd.
  • GS Yuasa Corp.
  • Hitachi Ltd.
  • LG Chem Ltd.
  • Zhejiang Narada Power Source Co. Ltd.
  • OptimumNano Energy Co. Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
  • SK Innovation Co. Ltd.
  • Solid Power Inc.
  • Tianneng Battery

 

This statistical study of the electric vehicle (EV) battery market encompasses successful business strategies deployed by the key vendors. The electric vehicle (EV) battery market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • A123 Systems LLC - Under the systems segment, the company offers battery systems such as 12V Starter Battery and 48V Battery. 
  • A123 Systems LLC - The company offers 12-volt starter battery and 48-volt lithium-ion battery storage solutions which enable higher performance and increased efficiency for many automotive applications.

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.

The electric vehicle (EV) battery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Vehicle (EV) Battery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric vehicle (EV) battery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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

For more insights on the market share of various regions Request for a FREE sample now!

50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the electric vehicle (EV) battery market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high industrialization rate will facilitate the electric vehicle (EV) battery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 led to a temporary shutdown of business operations in APAC, which had a negative impact on the market growth. However, the initiation of vaccination drives has led to a decrease in the number of COVID-19 cases, which has increased the demand for EV batteries in the region. This, in turn, will drive the growth of the electric vehicle (EV) battery market in the region during the forecast period.

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

To gain further insights on the market contribution of various segments Request for a FREE sample

The electric vehicle (EV) battery market share growth by the lithium-ion battery segment will be significant during the forecast period. Lithium-ion batteries have emerged as the most promising solution for energy storage in EVs because of their outstanding electrochemical performance and capacity. These batteries are smaller and lighter than lead-acid batteries of similar capacity, which reduces the weight of the EVs and offers more flexibility to EV manufacturers. Also, the batteries practically require no maintenance, which reduces the chances of downtime in EVs powered by lithium-ion batteries. Such factors of lithium-ion batteries will drive EV market growth during the forecast period.

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

 

Electric Vehicle (EV) Battery Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 14.87%

Market growth 2022-2026

$ 38.05 billion

Market structure

Fragmented

YoY growth (%)

11.06

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key consumer countries

US, China, Japan, Norway, Germany, US, China, Japan, Norway, Germany, US, China, Japan, Norway, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A123 Systems LLC, Ballard Power Systems Inc., BYD Co. Ltd., Clarios, Crown Battery Manufacturing Co., Cummins Inc., East Penn Manufacturing Co. Inc., EnerSys, Enertech International Inc., Envision Energy USA Ltd., Exide Industries Ltd., GS Yuasa Corp., Hitachi Ltd., LG Chem Ltd., Zhejiang Narada Power Source Co. Ltd., OptimumNano Energy Co. Ltd., Panasonic Corp., Samsung SDI Co. Ltd., SK Innovation Co. Ltd., Solid Power Inc., and Tianneng Battery

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis 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.

Request for a FREE sample

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive electric vehicle (EV) battery market growth during the next five years
  • Precise estimation of the electric vehicle (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 (EV) battery industry across APAC, Europe, North America, South America, and Middle East and Africa
  • 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 (EV) battery market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Lithium-ion battery - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Lithium-ion battery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Lithium-ion battery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Lithium-ion battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Lithium-ion battery - Year-over-year growth 2021-2026 (%)
    • 5.4 Lead-acid battery - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Lead-acid battery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Lead-acid battery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Lead-acid battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Lead-acid battery - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Norway - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Norway - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Norway - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Norway - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Norway - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 A123 Systems LLC
              • Exhibit 93: A123 Systems LLC - Overview
              • Exhibit 94: A123 Systems LLC - Product / Service
              • Exhibit 95: A123 Systems LLC - Key offerings
            • 10.4 Ballard Power Systems Inc.
              • Exhibit 96: Ballard Power Systems Inc. - Overview
              • Exhibit 97: Ballard Power Systems Inc. - Business segments
              • Exhibit 98: Ballard Power Systems Inc. - Key news
              • Exhibit 99: Ballard Power Systems Inc. - Key offerings
              • Exhibit 100: Ballard Power Systems Inc. - Segment focus
            • 10.5 BYD Co. Ltd.
              • Exhibit 101: BYD Co. Ltd. - Overview
              • Exhibit 102: BYD Co. Ltd. - Business segments
              • Exhibit 103: BYD Co. Ltd. - Key news
              • Exhibit 104: BYD Co. Ltd. - Key offerings
              • Exhibit 105: BYD Co. Ltd. - Segment focus
            • 10.6 Cummins Inc.
              • Exhibit 106: Cummins Inc. - Overview
              • Exhibit 107: Cummins Inc. - Business segments
              • Exhibit 108: Cummins Inc. - Key offerings
              • Exhibit 109: Cummins Inc. - Segment focus
            • 10.7 EnerSys
              • Exhibit 110: EnerSys - Overview
              • Exhibit 111: EnerSys - Business segments
              • Exhibit 112: EnerSys - Key news
              • Exhibit 113: EnerSys - Key offerings
              • Exhibit 114: EnerSys - Segment focus
            • 10.8 Exide Industries Ltd.
              • Exhibit 115: Exide Industries Ltd. - Overview
              • Exhibit 116: Exide Industries Ltd. - Business segments
              • Exhibit 117: Exide Industries Ltd. - Key offerings
              • Exhibit 118: Exide Industries Ltd. - Segment focus
            • 10.9 GS Yuasa Corp.
              • Exhibit 119: GS Yuasa Corp. - Overview
              • Exhibit 120: GS Yuasa Corp. - Business segments
              • Exhibit 121: GS Yuasa Corp. - Key news
              • Exhibit 122: GS Yuasa Corp. - Key offerings
              • Exhibit 123: GS Yuasa Corp. - Segment focus
            • 10.10 LG Chem Ltd.
              • Exhibit 124: LG Chem Ltd. - Overview
              • Exhibit 125: LG Chem Ltd. - Business segments
              • Exhibit 126: LG Chem Ltd. - Key news
              • Exhibit 127: LG Chem Ltd. - Key offerings
              • Exhibit 128: LG Chem Ltd. - Segment focus
            • 10.11 Panasonic Corp.
              • Exhibit 129: Panasonic Corp. - Overview
              • Exhibit 130: Panasonic Corp. - Business segments
              • Exhibit 131: Panasonic Corp. - Key offerings
              • Exhibit 132: Panasonic Corp. - Segment focus
            • 10.12 Samsung SDI Co. Ltd.
              • Exhibit 133: Samsung SDI Co. Ltd. - Overview
              • Exhibit 134: Samsung SDI Co. Ltd. - Business segments
              • Exhibit 135: Samsung SDI Co. Ltd. - Key offerings
              • Exhibit 136: Samsung SDI Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: 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
              Interested in this report?
              Get your FREE sample now!
              The electric vehicle (ev) battery market growth will increase by $38.05 billion during 2022-2026.
              The electric vehicle (ev) battery market is expected to grow at a CAGR of 14.87% during 2022-2026.
              Technavio has segmented the electric vehicle (ev) battery market by type (Lithium-ion battery, Lead-acid battery, and Others) and geographic (APAC, Europe, North America, South America, Middle East and Africa, APAC, North America, Europe, and South America).
              A123 Systems LLC, Ballard Power Systems Inc., BYD Co. Ltd., Clarios, Crown Battery Manufacturing Co., Cummins Inc., East Penn Manufacturing Co. Inc., EnerSys, Enertech International Inc., Envision Energy USA Ltd., Exide Industries Ltd., GS Yuasa Corp., Hitachi Ltd., LG Chem Ltd., Zhejiang Narada Power Source Co. Ltd., OptimumNano Energy Co. Ltd., Panasonic Corp., Samsung SDI Co. Ltd., SK Innovation Co. Ltd., Solid Power Inc., Tianneng Battery are a few of the key vendors in the electric vehicle (ev) battery market.
              APAC will register the highest growth rate of 49.67% 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.
              • US
              • China
              • Japan
              • Norway
              • Germany
              • US
              • China
              • Japan
              • Norway
              • Germany
              • US
              • China
              • Japan
              • Norway
              • Germany
              The key factors driving the electric vehicle (ev) battery market growth are:
              • Increasing demand for EVs and their expanded applications
              • Increasing use of software and sensors for intelligent BMS
              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.
              Safe and Secure SSL Encrypted
              Technavio

              Single User:

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Want to customize this report?

              This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

              We offer $1000 worth of FREE customization at the time of purchase
              Technavio
              Enquire Before Buying
              1. Home
              2. Utilities
              3. Published Report
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>