EV Battery Market Overview and Insights:
According to Markntel Advisors Report, EV Battery Market size was valued at USD 132.5 billion in 2023 & is projected to reach USD 495.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2025-30.
EV Battery Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Industry Market Driver:
Rising Government Initiatives Promoting EV Adoption Among Consumers – The surging government policies & plans towards adopting alternative fuel vehicles worldwide are emerging as a significant driving factor in the EV battery industry. Conventional vehicles running on fossil fuels have been a pivotal source of GHG emissions. Moreover, the global CO2 emissions due to transportation activities grew by more than 250Mt CO2 to nearly 8Gt CO2 in 2022 making the transport sector a major contributor to overall emissions. Hence, official authorities across the globe have been trying to reduce the emission rates by providing subsidies, incentives, and tax reductions on electric automobiles. Countries like Thailand, India, Germany, the US, etc., have offered subsidies and financial incentives such as value-added tax (VAT) and exemptions from car registration taxes for higher EV Adoption.
What is Included in EV Battery Market Segmentation?
The report has segmented the market into the following categories:
By Battery Type
– Lithium-Ion- Market Size & Forecast 2020-2030F, (Thousand Units)
– Lead-Acid- Market Size & Forecast 2020-2030F, (Thousand Units)
– Nickel-Metal Hydride- Market Size & Forecast 2020-2030F, (Thousand Units)
– Others (Sodium Ion, Solid-State)- Market Size & Forecast 2020-2030F, (Thousand Units)
By Battery Capacity
– <50 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
– 50-110 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
– 111-200 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
– 201-300 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
– >300 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
By Battery Form
– Prismatic- Market Size & Forecast 2020-2030F, (Thousand Units)
– Pouch- Market Size & Forecast 2020-2030F, (Thousand Units)
– Cylindrical – Market Size & Forecast 2020-2030F, (Thousand Units)
By Propulsion Type
– Battery Electric Vehicle (BEV)- Market Size & Forecast 2020-2030F, (Thousand Units)
– Plug-In Hybrid Electric Vehicle (PHEV)- Market Size & Forecast 2020-2030F, (Thousand Units)
– Fuel-Cell Electric Vehicle- Market Size & Forecast 2020-2030F, (Thousand Units)
– Hybrid Vehicle- Market Size & Forecast 2020-2030F, (Thousand Units)
By Vehicle Type
– Two-wheeler- Market Size & Forecast 2020-2030F, USD Million
– Passenger Cars- Market Size & Forecast 2020-2030F, USD Million
– Commercial Vehicles- Market Size & Forecast 2020-2030F, USD Million
– – Vans/Light Trucks- Market Size & Forecast 2020-2030F, USD Million
– – Medium & Heavy Trucks- Market Size & Forecast 2020-2030F, USD Million
– – Buses- Market Size & Forecast 2020-2030F, USD Million
– – Off-Highway Vehicles- Market Size & Forecast 2020-2030F, USD Million
The Passenger Cars segment accounts for the maximum share of the Global EV Battery Market due to the rising sales and usage of electric cars for mobility. People around the globe are becoming more environment-conscious and seeking sustainable & eco-friendly transportation solutions to travel intercity & intracity. Moreover, cab-hailing companies, like Ola & Uber, are also looking for ways to reduce their carbon footprint. Owing to this, they are adding more EV cars to their fleet. The expansion of their EV passenger car fleet is generating the demand for EV batteries, supporting market growth. Moreover, to provide consumers with more adequate passenger cars, the leading companies are launching different Sedan, Hatchback, and SUV models, which would continue to propel the market growth.
By Method
– Wire Bonding- Market Size & Forecast 2020-2030F, (Thousand Units)
– Laser Bonding- Market Size & Forecast 2020-2030F, (Thousand Units)
– Ultrasonic Bonding – Market Size & Forecast 2020-2030F, (Thousand Units)
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Who are the Key Players Operating in the EV Battery Industry?
The top companies of the EV Battery market ruling the industry are:
- Contemporary Amperex Technology Co., Limited,
- LG Energy Solutions,
- BYD Company Limited,
- Panasonic Corporation,
- Toshiba Corporation,
- Mitsubishi Corporation,
- Enersys, SK Inc.,
- CALB, Gotion Inc,
- Sunwoda Electronic Co.
- Ltd, Farasis Energy,
- Vehicle Energy Japan, Inc,
- Exide Industries,
- Primearth EV Energy Co., Ltd, Others
(“Kindly use your official email ID for all correspondence to ensure seamless engagement and access to exclusive benefits, along with prioritized support from our sales team.”)
Key Objectives of Choosing Markntel Advisor’s Report
- Focused Industry Expertise
- Diverse Report Offerings
- Personalized Research Solutions
- Robust Research Methodology
- In-depth Report Coverage
- Tracking Technological Advancements
- Comprehensive Value-Chain Analysis
- Discovering Market Opportunities
- Analyzing Growth Trajectories
- Assured Quality Insights
- Dedicated After-Sales Support
- Trusted by Fortune 500 Companies
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address
FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the EV Battery Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the EV Battery industry?
- Which is the Leading segment in the market?
About US:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
For Media Inquiries, Please Contact:
Phone: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
More Stories
The Importance of Roof Inspections for Homeowners and Businesses
Baddie Aesthetic 101: How BaddieHub is Redefining Fashion Trends
Download Podcasts, Music, and Lectures from noTube YouTube MP3 Converter