GLOBAL ELECTRIC VEHICLE BATTERY MARKET FORECAST 2019-2027

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GLOBAL ELECTRIC VEHICLE BATTERY MARKET FORECAST 2019-2027

Batteries used for propulsion of electric vehicles are included in the electric vehicles battery market. Lead acid battery, lithium-ion battery and nickel-metal hydride are included in the report. The global electric vehicle battery market is estimated to grow with a CAGR of xx% in terms of revenue. The market is anticipated to grow to $xx million by 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. Batteries are getting cheaper, especially lithium-ion, with its evolution in the market. The high energy with large charge retention along with low maintenance are some of the benefits, which makes the battery suitable for the electric vehicle.

GLOBAL ELECTRIC VEHICLE BATTERY MARKET FORECAST 2019-2027

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Batteries used for propulsion of electric vehicles are included in the electric vehicles battery market. Lead acid battery, lithium-ion battery and nickel-metal hydride are included in the report. The global electric vehicle battery market is estimated to grow with a CAGR of xx% in terms of revenue. The market is anticipated to grow to $xx million by 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027.

Batteries are getting cheaper, especially lithium-ion, with its evolution in the market. The high energy with large charge retention along with low maintenance are some of the benefits, which makes the battery suitable for the electric vehicle. The growth in the abundant availability of resources used in batteries such as magnesium and lithium has decreased the overall cost involved in the electric vehicle battery system. In addition, there is a growing trend to decrease the negative effects of pollution caused by nonrenewable energy sources. Governmental and environmental bodies are putting a cap on the emission.

The major adoption of electric vehicle battery is seen in the hybrid vehicle segment. A hybrid electric vehicle (HEV) uses a mixture of both the traditional source of fuel and electricity to power its motor engine. This is carried out with the amalgamation of two complementary drive systems, such as a gas engine with a fuel tank and an electric motor with battery. The HEV cannot be recharged via a power grid; it depends fully on the regenerative braking technology for that purpose. Low carbon emissions and low initial cost are the key factors that drive this segment. Moreover, stringent vehicle norms and regulations have fueled the adoption of electric vehicles significantly.

One of the major factors that is restraining the market is the inadequacy of raw materials. Fluctuations in lithium, cobalt and lead prices also affect the battery manufacturers profit margins. The majority of batteries use cobalt as raw material. The cobalt prices are expected to show rising trends, and the supply structure is also fragile for cobalt mineral. The problems with the supply of raw material will be a major restraining factor for the market growth.

The report on the global electric vehicle battery market includes segmentation based on vehicle propulsion type, battery type, vehicle type and region.

Market by Battery Propulsion Type

  • Hybrid electric vehicle
  • Battery electric vehicle
  • Plug-in hybrid electric vehicle

Market by Vehicle Type

  • Passenger cars
  • Two-wheeler
  • Commercial vehicles

Market by Battery Type

  • Lithium-ion battery
  • Lead acid battery
  • Nickel metal hydride

Geographically, the global electric vehicle battery market has been segmented on the basis of four major regions, which includes:

  • North America: the United States & Canada
  • Europe: Spain, Germany, Italy, United Kingdom, France & Rest of Europe
  • Asia Pacific: Japan, China, South Korea, Australia, India & Rest of Asia Pacific
  • Rest of World: the Middle East & Africa and Latin America

The global electric vehicle battery market is segmented into battery propulsion type, battery type and vehicle type. Battery Propulsion type is further sub-segmented into hybrid electric vehicle, battery electric vehicle and plug-in hybrid electric vehicle. Battery type is segmented into lithium-ion battery, lead-acid battery and nickel metal hydride. Vehicle type is sub-segmented into passenger cars, commercial vehicles and two-wheeler.

The major market players in the global electric vehicle battery market include

  • BYD
  • LG Chem
  • Mitsubishi
  • Panasonic
  • Wanxiang Group Corporation
  • Others

Company profiles cover an analysis of important players. These companies are utilizing organic and inorganic strategies for growth. For instance, in July 2019, Toyota and BYD signed an agreement for the development of battery electric vehicles (BEVs). In July 2019, Samsung, in reference to the alliance with Volvo group agreed to provide battery cells and modules to Volvo Group.

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
  4. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
    • MARKET RESTRAINTS
    • MARKET OPPORTUNITIES
    • MARKET CHALLENGES
  5. MARKET BY VEHICLE PROPULSION TYPE
    • BATTERY ELECTRIC VEHICLE
    • HYBRID ELECTRIC VEHICLE
    • PLUG-IN HYBRID ELECTRIC VEHICLE
  6. MARKET BY BATTERY TYPE
    • LEAD ACID BATTERY
    • LITHIUM-ION BATTERY
    • NICKEL METAL HYDRIDE
  7. MARKET BY VEHICLE TYPE
    • TWO WHEELER
    • PASSENGER CARS
    • COMMERCIAL VEHICLES
  8. KEY ANALYTICS
    • PORTERS FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  9. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • BEIJING PRIDE POWER BATTERY TECHNOLOGY CO LTD
    • BYD COMPANY LIMITED (BYD AUTO CO., LTD.)
    • ENERSYS
    • GSR CAPITAL
    • LG CHEM LTD.
    • MITSUBISHI ELECTRIC CORPORATION
    • PANASONIC CORPORATION
    • SAMSUNG ELECTRONICS CO. LTD.
    • TIANNENG POWER INTERNATIONAL LIMITED
    • WANXIANG GROUP CORPORATION

LIST OF TABLES

TABLE 1: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE PROPULSION TYPE, 2019-2027, (IN $ MILLION)

TABLE 3: GLOBAL BATTERY ELECTRIC VEHICLE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4: GLOBAL HYBRID ELECTRIC VEHICLE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL PLUG-IN HYBRID ELECTRIC VEHICLE MARKET, BY REGION, 2019-2027 (IN $ MILLION

TABLE 6: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2019-2027, (IN $ MILLION)

TABLE 7: GLOBAL LEAD ACID BATTERY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL LITHIUM ION BATTERY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL NICKEL METAL HYDRIDE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE TYPE, 2019-2027, (IN $ MILLION)

TABLE 11: GLOBAL TWO WHEELER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL PASSENGER CARS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: OPPORTUNITY MATRIX

TABLE 15: VENDOR LANDSCAPE

TABLE 16: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 17: NORTH AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 18: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 19: ASIA PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 20: REST OF WORLD ELECTRIC VEHICLE BATTERY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY ELECTRIC VEHICLE, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC VEHICLE, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY LEAD ACID BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY LITHIUM ION BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL METAL HYDRIDE, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY TWO WHEELER, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CARS, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, BY COMMERCIAL VEHICLES, 2019-2027 (IN $ MILLION)

FIGURE 11: PORTER’S FIVE FORCE ANALYSIS

FIGURE 12: GLOBAL ELECTRIC VEHICLE BATTERY MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 13: UNITED STATES ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 14: CANADA ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15: UNITED KINGDOM ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16: GERMANY ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17: FRANCE ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18: SPAIN ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: ITALY ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: REST OF EUROPE ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: CHINA ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: JAPAN ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: INDIA ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: SOUTH KOREA ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: AUSTRALIA ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: REST OF ASIA PACIFIC ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: MIDDLE EAST & AFRICA ELECTRIC VEHICLE BATTERY MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY VEHICLE PROPULSION TYPE
    • BATTERY ELECTRIC VEHICLE
    • HYBRID ELECTRIC VEHICLE
    • PLUG-IN HYBRID ELECTRIC VEHICLE
  2. MARKET BY BATTERY TYPE
    • LEAD ACID BATTERY
    • LITHIUM-ION BATTERY
    • NICKEL METAL HYDRIDE
  3. MARKET BY VEHICLE TYPE
    • TWO WHEELER
    • PASSENGER CARS
    • COMMERCIAL VEHICLES
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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