Electric Vehicle Battery Market Size, Share & Industry Analysis Report By Battery Type (Lead-acid Battery, Lithium-ion Battery, and Others), By Vehicle Type (Passenger Vehicles and Commercial Vehicles), Regions, Segment and Forecast 2022 to 2030.

 Pulichser: Innovation Market Research

March 2020

 Pages: 117

 IMR 9507

The burgeoning market for Electric Vehicle (EV) batteries is experiencing an unprecedented surge, fueled by a confluence of factors. Among these catalysts are the escalating demand for electric vehicles, relentless advancements in battery technology, supportive government policies and regulations, and the advent of innovative plug-in EV models. As the global automotive landscape undergoes a paradigm shift towards sustainability, Electric Vehicles (EVs), recognized for their zero-emission attributes, are rapidly gaining traction as a preferred choice for eco-conscious public transportation worldwide. This transformative trend is further incentivized by various financial perks offered by national governments, including tax exemptions, subsidies, reduced parking/toll rates for EVs, and complimentary charging services, collectively propelling the demand for EV batteries on a global scale.

A comprehensive analysis of the market spans regions such as North America, Europe, South America, Asia Pacific, the Middle East, and Africa. In 2022, Asia Pacific emerged as the epicenter of the global electric vehicle battery market, commanding an impressive 59% market revenue share. This dominance is underpinned by the presence of key manufacturers facilitating the mass production of both electric vehicles and their corresponding batteries. Countries such as China and India, with their cost-effective labor and production variables, coupled with pro-industrial government policies, have become magnets for substantial investments from multinational corporations. The expansive consumer base in the region, coupled with a growing appetite for electric passenger and commercial vehicles, escalating investments in charging infrastructure development, and concerted government initiatives to encourage electric vehicle adoption, collectively drive the flourishing Asia Pacific EV battery market.

Within the electric vehicle battery market, a nuanced analysis reveals that the hybrid electric vehicle (HEV) segment secured a commanding 70% share in 2022. The ascendancy of HEVs over Plug-in Hybrid Electric Vehicles (PHEVs) and Battery Electric Vehicles (BEVs) establishes them as the preeminent market for electric vehicle batteries. This dominance is attributed to the dual-powered engine of HEVs, comprising an Internal Combustion (IC) engine and an electric motor, effectively curbing fuel consumption.

Contrastingly, the market for PHEVs and BEVs has encountered impediments in the form of insufficient charging stations and the perceived vulnerability of standalone battery-powered vehicles. Projections indicate that hybrid electric vehicles are poised to remain the most lucrative segment, both in terms of value and volume, throughout the forecast period in the electric vehicle battery market.

Further dissecting market dynamics, the two-wheelers segment is anticipated to register the highest Compound Annual Growth Rate (CAGR) over the forecast period. Notably, two-wheelers constitute one of the most electrified market segments, particularly in developing economies and emerging markets where they outnumber traditional cars. For example, India, with its substantial two-wheeler market, stands out as a leading proponent of electric two-wheelers, bolstered by support from both national and local governments. In parallel, the commercial light-duty vehicle segment is poised to experience the second-highest CAGR during the forecast period, emphasizing the diverse and dynamic landscape of the electric vehicle battery market.

Innovation Market Research, Inc team offers a comprehensive analysis of Electric Vehicles Battery market, SWOT analysis of the most prominent players in this landscape. Along with an industrial chain,market statistics in terms of revenue, sales, price, capacity, regional market analysis,segment-wise data,and market forecast information are offered in the full study, etc.

This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering
BYD
Panasonic
CATL
OptimumNano
LG Chem
GuoXuan
Lishen
PEVE
AESC
Samsung
Lithium Energy Japan
Beijing Pride Power
BAK Battery
WanXiang
Hitachi
ACCUmotive
Boston Power

On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into
Lithium Ion Battery
NI-MH Battery
Other Battery

By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into
HEVs
BEVs

By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2022 to 2030 (forecast), like
China
USA
Europe
Japan
Korea
India
Southeast Asia
South America

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