EV Battery Market
EV Battery Market - Global Industry Assessment & Forecast
#
Pages:
100
2023
Feb - 2024
VMR-1425
Segments Covered
By
Battery Type Lithium-Ion, Solid-State, Nickel-Metal Hydride, Sodium-Ion, Others
-
By
Propulsion BEV, PHEV, FCEV
-
By
Battery Form Prismatic, Pouch, Cylindrical
-
By
Vehicle Type Passenger Cars, Vans/Light Trucks, Medium & Heavy Trucks, Buses, Off-Highway Vehicles
-
By
Material Type Cobalt, Lithium, Natural Graphite, Manganese, Iron, Phosphate, Nickel, Others
-
By
Battery Capacity <50 kWh, 50-100 kWh, 111-200 kWh, 201-300 kWh, >300 kWh
-
By
Li-Ion Battery Component Positive Electrode, Negative Electrode, Electrolyte, Separator
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 147 Billion |
 Revenue 2032:
|
USD 475 Billion |
 Revenue CAGR
(2024 - 2032): |
14% |
Fastest Growing Region (2024 -
2032)
|
North America and Europe |
Largest Region (2023):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: EV Battery Market by Battery Type by Propulsion by Battery Form by Vehicle Type by Material Type by Battery Capacity by Li-Ion Battery Component by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the EV Battery supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- EV Battery market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the EV Battery supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the EV Battery market.
Vantage Market
Research | 06-Mar-2024
FAQ
Frequently Asked Question
What is the global demand for EV Battery in terms of revenue?
-
The global EV Battery valued at USD 147 Billion in 2023 and is expected to reach USD 475 Billion in 2032 growing at a CAGR of 14%.
Which are the prominent players in the market?
-
The prominent players in the market are LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Limited (China), SK Innovation Co. Ltd. (South Korea), Contemporary Amperex Technology Co. Limited (China), Samsung SDI Co. Ltd. (South Korea), Gotion Inc. (U.S.), Mitsubishi Corporation (Japan), Sunwoda Electronic Co. Ltd. (China), EnerSys (U.S.), Farasis Energy (Ganzhou) Co. Ltd. (China).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 14% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the EV Battery include
- Increasing demand for electric vehicles
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the EV Battery in 2023.
