Electric Vehicle Battery Market Size, Share & Trends Analysis Report By Battery Type (Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Sodium-Ion), By Vehicle Type, By Propulsion, By Region, And Segments Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global electric vehicle battery market size is expected to reach USD 38.6 billion by 2025, registering a CAGR of 16.7% from 2019 to 2025, according to the new report from Grand View Research, Inc. The growing preference for e-mobility and the subsequent rise in the popularity of electric vehicles (EVs) is expected to drive the market growth. Several countries have taken a lead in deploying various EVs, including two wheelers, buses, and other commercial vehicles.

Increasing efforts to reduce the production cost of electric vehicle batteries is prompting manufacturers to invest in developing countries, including China, India, and Mexico. Having realized the potential for economic development in emerging economies, some large plants for manufacturing batteries have already been planned in Asia Pacific. At the same time, the rising fuel prices coupled with increasing environmental concerns are prompting several governments to encourage the adoption of EVs.

EVs require more battery power because apart from functions, such as GPS navigation system, power windows, air-conditioning systems, and dashboard displays, which are powered by a battery, their entire drivetrain is dependent on battery power. Advances in battery technology have led to the advent of batteries that can cater not only to the conventional battery-driven functions but also to the drivetrain. Such favorable advances in battery technology are expected to drive the market growth.

In several metropolitan cities across the world, city administrations are drafting policies to support the deployment of electric vehicle supply equipment (EVSE) and rollout of adequate charging stations. For instance, in the Netherlands, the metropolitan area of Amsterdam has adopted a demand-based approach for deploying its EVSE network and making it accessible to owners of EVs. Similarly, a multi-government policy forum named Electric Vehicle Initiative (EVI) was established in 2009 under the Clean Energy Ministerial (CEM) to monitor and encourage the adoption of EVs across the globe. The International Energy Association (IEA) is serving as the EVI coordinator.

At present, EVs account for a relatively smaller share in the overall automobile sales. However, favorable regulatory initiatives are expected to trigger the adoption of EVs and subsequently open growth opportunities for the market for over the forecast period. For instance, the Paris Agreement endorsed by the European Union, the U.S., and Japan to support zero-emission vehicles is conducive to an increase in the sales of EVs.

Further key findings from the report suggest:

• Continued efforts by automotive manufacturers to produce more vehicles with electric drivetrains is necessitating the use of lithium-ion batteries for onboard energy storage

• The battery electric vehicle (BEV) segment dominated the market in 2018 and is expected to continue being the largest segment over the forecast period. The plug-in hybrid electric vehicle (PHEV) segment is anticipated to register the highest CAGR over the forecast period

• Companies based in Europe and North America have entered the Chinese market either by setting up manufacturing units in China or by striking strategic partnerships with Chinese companies

• The evolving automotive industry in Indonesia, Mexico, India, Vietnam, and Thailand bodes well for the market growth over the forecast period

• Advances in battery technology coupled with the growing preference for hybrid vehicles and zero-emission EVs are expected to drive the electric vehicle battery demand over the forecast period

• The electric vehicle battery market growth largely depends on the policies drafted by governments and government agencies to encourage the adoption of EVs and deployment of charging infrastructure.

 Table of Contents

Chapter 1 Methodology and Scope
                    1.1 Market segmentation & scope
                    1.2. Market definition
                    1.3. Information procurement
                        1.3.1. Purchased database
                        1.3.2. GVR's internal database
                        1.3.3. Secondary sources & third-party perspectives
                        1.3.4. Primary research
                    1.4. Information analysis
                        1.4.1. Data analysis models
                    1.5. Market formulation & data visualization

Chapter 2 Executive Summary
                    2.1 Market Outlook

Chapter 3 Industry Outlook
                    3.1 Market Segmentation & Scope
                    3.2 Electric Vehicle Battery Market Size and Growth Prospects
                    3.3 Vendor Landscape
                    3.4 Raw Material Outlook
                        3.4.1 Lead
                        3.4.2 Lithium
                        3.4.3 Nickel and high nickel alloys
                        3.4.4 Polyethylene
                        3.4.5 Polyvinyl chloride (PVC)
                        3.4.6 Polypropylene
                        3.4.7 Carbon black
                    3.5 Electric Vehicle Battery - Value Chain Analysis
                    3.6 Market Dynamics
                        3.6.1 Market driver analysis
                        3.6.2 Market restraint analysis
                    3.7. Industry Analysis - Porter's
                        3.7.1. Supplier power
                        3.7.2. Buyer power
                        3.7.3. Substitution threat
                        3.7.4. Threat from new entrant
                        3.7.5. Competitive rivalry
                    3.8. PEST Analysis
                        3.8.1. Political landscape
                        3.8.2. Economic landscape
                        3.8.3. Social landscape
                        3.8.4. Technology landscape

Chapter 4 Electric Vehicle Battery Market: Battery Type Estimates & Trend Analysis
                    4.1 Electric Vehicle Battery Market: Battery Type Movement Analysis
                    4.2 Lead-Acid
                    4.3 Lithium-Ion
                    4.4 Sodium-Ion
                    4.5 Nickel-Metal Hydride
                    4.6 Others

Chapter 5 Electric Vehicle Battery Market: Vehicle Type Estimates & Trend Analysis
                    5.1 Electric Vehicle Battery Market: Vehicle Type Movement Analysis
                    5.2 Passenger Vehicles
                    5.3 Commercial Vehicles

Chapter 6 Electric Vehicle Battery Market: Propulsion Estimates & Trend Analysis
                    6.1 Electric Vehicle Battery Market: Propulsion Movement Analysis
                    6.2 Battery Electric Vehicle (BEV)
                    6.3 Plug-In Electric Hybrid Vehicle (PHEV)

Chapter 7 Electric Vehicle Battery Market: Regional Estimates & Trend Analysis
                    7.1 Electric Vehicle Battery Market Share by Region
                    7.2 North America
                        7.2.1 North America market place: Key takeaways
                        7.2.2 U.S.
                        7.2.3 Canada
                        7.2.4 Mexico
                    7.3 Europe
                        7.3.1 Europe market place: Key takeaways
                        7.3.2 U.K.
                        7.3.3 Germany
                        7.3.4 France
                    7.4 Asia Pacific
                        7.4.1 Asia Pacific market place: Key takeaways
                        7.4.2 China
                        7.4.3 India
                        7.4.4 Japan
                        7.4.5 South Korea
                    7.5 South America
                        7.5.1 South America market place: Key takeaways
                        7.5.2 Brazil
                    7.6 MEA
                        7.6.1 MEA market place: Key takeaways

Chapter 8 Competitive Landscape
                    8.1 A123 Systems, LLC
                        8.1.1 Company overview
                        8.1.2 Financial performance
                        8.1.3 Product benchmarking
                        8.1.4 Strategic initiatives
                    8.2 BYD Co. Ltd.
                        8.2.1 Company overview
                        8.2.2 Financial performance
                        8.2.3 Product benchmarking
                        8.2.4 Strategic initiatives
                    8.3 East Penn Manufacturing Company
                        8.3.1 Company overview
                        8.3.2 Financial performance
                        8.3.3 Product benchmarking
                        8.3.4 Strategic initiatives
                    8.4 EnerSys
                        8.4.1 Company overview
                        8.4.2 Financial performance
                        8.4.3 Product benchmarking
                        8.4.4 Strategic initiatives
                    8.5 Exide Technologies
                        8.5.1 Company overview
                        8.5.2 Product benchmarking
                        8.5.3 Strategic initiatives
                    8.6 GS Yuasa Corporation
                        8.6.1 Company overview
                        8.6.2 Financial performance
                        8.6.3 Product benchmarking
                        8.6.4 Strategic initiatives
                    8.7 Hitachi, Ltd.
                        8.7.1 Company overview
                        8.7.2 Financial performance
                        8.7.3 Product benchmarking
                        8.7.4 Strategic initiatives
                    8.8 Johnson Controls
                        8.8.1 Company overview
                        8.8.2 Financial performance
                        8.8.3 Product benchmarking
                        8.8.4 Strategic initiatives
                    8.9 LG Chem Ltd.
                        8.9.1 Company overview
                        8.9.2 Financial performance
                        8.9.3 Product benchmarking
                        8.9.4 Strategic initiatives

List of Tables

TABLE 1 Electric vehicle battery - Industry snapshot & critical success factor, 2014 - 2025
TABLE 2 Global electric vehicle battery market, 2014 - 2025 (USD million)
TABLE 3 Global electric vehicle battery market estimates and forecasts by battery type, 2014 - 2025 (USD Million)
TABLE 4 Global electric vehicle battery market estimates and forecasts by vehicle type, 2014 - 2025 (USD Million)
TABLE 5 Global electric vehicle battery market estimates and forecasts by propulsion, 2014 - 2025 (USD Million)
TABLE 6 Global electric vehicle battery market estimates and forecasts by region, 2014 - 2025 (USD Million)
TABLE 7 Raw materials for different batteries
TABLE 8 Key company analysis
TABLE 9 Advantages and disadvantages of NiMH batteries
TABLE 10 Advantages and disadvantages of lead-acid batteries
TABLE 11 Advantages and disadvantages of Li-ion batteries
TABLE 12 Battery usage in various industries
TABLE 13 Global lead-acid battery market by region, 2014 - 2025 (USD Million)
TABLE 14 Global lithium-ion battery market by region, 2014 - 2025 (USD Million)
TABLE 15 Global sodium-ion battery market by region, 2014 - 2025 (USD Million)
TABLE 16 Global nickel-metal hydride battery market by region, 2014 - 2025 (USD Million)
TABLE 17 Global others battery market by region, 2014 - 2025 (USD Million)
TABLE 18 Global passenger vehicles market by region, 2014 - 2025 (USD Million)
TABLE 19 Global commercial vehicles market by region, 2014 - 2025 (USD Million)
TABLE 20 Global battery electric vehicle (BEV) market by region, 2014 - 2025 (USD Million)
TABLE 21 Global plug-in hybrid electric vehicle (PHEV) market by region, 2014 - 2025 (USD Million)
TABLE 22 North America electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 23 North America electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 24 North America electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 25 U.S. electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 26 U.S. electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 27 U.S. electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 28 Canada electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 29 Canada electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 30 Canada electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 31 Mexico electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 32 Mexico electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 33 Mexico electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 34 Europe electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 35 Europe electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 36 Europe electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 37 U.K. electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 38 U.K. electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 39 U.K. electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 40 Germany electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 41 Germany electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 42 Germany electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 43 France electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 44 France electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 45 France electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 46 Asia Pacific electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 47 Asia Pacific electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 48 Asia Pacific electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 49 China electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 50 China electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 51 China electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 52 India electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 53 India electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 54 India electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 55 Japan electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 56 Japan electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 57 Japan electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 58 South Korea electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 59 South Korea electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 60 South Korea electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 61 South America electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 62 South America electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 63 South America electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 64 Brazil electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 65 Brazil electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 66 Brazil electric vehicle market by propulsion, 2014 - 2025 (USD Million)
TABLE 67 MEA electric vehicle battery market by battery type, 2014 - 2025 (USD Million)
TABLE 68 MEA electric vehicle battery market by vehicle type, 2014 - 2025 (USD Million)
TABLE 69 MEA electric vehicle market by propulsion, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market segmentation & scope
FIG. 2 Electric vehicle battery - Value chain analysis
FIG. 3 Market dynamics
FIG. 4 Porter's five forces analysis
FIG. 5 Electric vehicle battery - PEST analysis
FIG. 6 Electric vehicle battery market share by battery type, 2018 & 2025
FIG. 7 Electric vehicle battery market share by vehicle type, 2018 & 2025
FIG. 8 Electric vehicle battery market share by propulsion, 2018 & 2025