Electric Vehicle Battery Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2022

Published on : May-2019 | List of Tables : 216 | List of Figures : 66 | No. of Pages : 170 | Report Code : FACT3587MR |

In Brief:

  • Electric vehicle battery market registered a value CAGR of 12.2% during the period, 2012-2016. Growing consumer inclination towards electric vehicles (EVs) that run without fossil fuels, amid increasing concerns regarding alarming pollution levels and negative impact of climate change, has underpinned the market growth.
  • Worldwide sales of electric vehicle batteries closed in on revenues worth US$ 90,700 million in 2018, and are estimated to record a Y-o-Y growth of nearly 14% in 2019.
  • Asia Pacific Excluding Japan (APEJ) continues to retain its leading position in the electric vehicle battery market, with revenues exceeding US$ 35,000 million in 2018. Sales of electric vehicle batteries in the region remain driven by strong automotive industry and improving economy conditions.
  • North America is likely to be a high growth market for electric vehicle batteries, accounting for nearly one-third share in 2018.
electric vehicles battery market

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What are the Key Growth Drivers of Electric Vehicle Battery Market?

  • A notable rise in the demand for zero-emission vehicles, on the account of increasing fuel prices, depletion of fossil fuel reserves, and tightening emission regulations, has been influencing the sales of batteries for electric vehicles. Prospects of the electric vehicle battery market will be promising, as cell manufacturers shift their focus towards adopting cutting-edge technologies and entering into strategic partnerships with automotive OEMs.
  • Several government initiatives to push the adoption of electric vehicles to reduce emission and ease pollution along with expanding lists of countries announcing plans to ban the future production and sales of fossil fuel cars will continue to augur well with the growth electric vehicle battery market.
  • Apart from its innovative technology, EVs are gaining increasing popularity among consumers for wide range of benefits including quieter ride, lower running cost, unique exterior styling, and increased interior space, which in turn will impact the sales of electric vehicle batteries.
  • With significant increase in the demand of electric vehicles, key manufacturers are directing their investments towards R&D activities for the development of high-density lithium ion batteries, solid state battery technology, and others that can achieve longer range as well as reduce the time to charge. This, coupled with advances in battery management systems and improved pack design will continue to remain the key growth influencer of electric vehicle battery market.

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What are the Key Challenges Faced by Electric Vehicle Battery Market Players?

  • While electric vehicles are growing in popularity, there are still number of barriers before majority of consumers are comfortable with the switch; customer concerns regarding driving range, cost premium, lack of charging infrastructure, and time required to charge have limited the adoption of these vehicles. This may continue to challenge the sales growth of electric vehicle batteries.
  • High cost of battery packs and various challenges associated with lithium-ion batteries including decrease in cell storage capacity over time, volatility of electrolytes, and suitable porous membrane to keep the electrolytes intact, may impede the adoption of electric vehicle batteries.

Electric Vehicle Battery Market - Competitive Landscape

  • In May 2019, Panasonic Corporation, a leading player in electric vehicle battery market, announced the launch of ‘Nymbus’ – the first of its kind smart EV charging service in India. The new service, designed and developed to cater the growing Indian mobility market, combines various physical components such as charging stations, telematics systems, and others with virtual components including AI, cloud service, and analytics to deliver one stop solution.
  • In April 2019, Robert Bosch GmbH announced that it has formed an alliance with the Swedish manufacturer of fuel-cell stacks - Powercell Sweden AB. Under the agreement, the two companies will work together to make the polymer-electrolyte membrane (PEM) fuel cells ready for production and use in commercial trucks and cars.

Toshiba Corporation

Founded in 1939, Toshiba Corporation is headquartered in Tokyo, Japan and has operations worldwide. The company is organized into for main groupings including the Digital Products Group, the Electronics Devices Group, the Social Infrastructure Group, and the Home Appliances Group. Toshiba’s line of SCiB™
rechargeable batteries offer the benefits of high energy density and rapid recharging, making important contributions to promoting the spread of electric vehicles.

Delphi Automotive PLC (Aptiv)

Founded in 1994, Delphi Automotive PLC is headquartered in Dublin, Ireland, and has renamed itself Aptiv in December 2017. Aptiv offers an extensive EV/HEV product portfolio with a complete range of E/E architecture systems and components for every high power and high voltage application.

Samsung SDI Co., Ltd.

Established in 1970, Samsung SDI Co., Ltd. is based in Yongin, South Korea, and specializes in manufacturing and sales of batteries worldwide. The company operates through three main segments including Chemicals, Electronic Materials, and Energy, and also offers a range of prismatic lithium-ion battery cells, battery modules and battery packs.

LG Chem Ltd.

Founded in 1947, LG Chem Ltd. is headquartered in Seoul, South Korea, and engages in the basic materials and chemicals, IT and electronic materials, energy solution, advanced materials, and life sciences businesses. The company specializes in supplying high-performance and quality batteries for electric vehicles to the global automobile manufacturers.

Denso Corporation

Established in 1949, Denso Corporation is based in Aichi Prefecture, Japan and operates in various regions around the world. In addition to automotive components, service parts and accessories, the company offers a range of product for electric and hybrid vehicles.

Additional Insights

Parallel hybrid powertrains continue to account for relatively large sales of electric vehicle batteries, with nearly 70% share in 2018. Sales of these batteries remain driven by increasing use of parallel hybrid powertrains in EVs and HEVs, as they eliminate the inefficiency of converting mechanical power to electricity and increase efficiency for highway driving.

Electric vehicle battery market gains also remain significant from passenger cars, with sales in 2022 estimated to exceed US$ 33,000 million.

Research Methodology

The Fact.MR study on electric vehicle battery market provides industry-based intelligence and in-depth insights into the global market. To carry out a detailed analysis on the growth of electric vehicle battery market for the period, 2017-2022, a unique methodology and holistic approach have been adapted.

An elaborate and complete secondary research is followed by a thorough primary research, to obtain valuable information about historical and current growth parameters of the electric vehicle battery market.

Request research methodology of this report.

A new Fact.MR report on electric vehicle battery market offers an elaborate and exhaustive market forecast for the period, 2017-2022. Various dynamics influencing the electric vehicle battery market are identified and their degree of impact has been analyzed and covered in the report. Further, the report offers both qualitative and quantitative analysis of the macro- and micro-economic factors impacting electric vehicle battery market growth. The Fact.MR report also provides in-depth insights into the competitive landscape of electric vehicle battery market to direct its readers towards implementing and devising well-informed decisions.

Chapter 1 - Executive Summary

The report begins with an executive summary that offers multiple nodes and antinodes in the electric vehicle battery market including global market outlook, market dynamics, supply chain, cost structure, pricing analysis, mega trends, view-point of analysts, list of distributors, and opportunity assessment.

Chapter 2 - Market Overview

Current scenario of the electric vehicle battery market has been analyzed and briefly introduced in this chapter followed by a concrete definition of the targeted product – electric vehicle battery. Several segments identified in the global market of electric vehicle battery have been represented in the form of a taxonomy table.

Chapter 3 - Global Electric Vehicle Battery Market Analysis and Forecast by Power Source

This chapter focuses on the segment-wise analysis of electric vehicle battery market based on power source. On the basis of power source, the electric vehicle battery has been segmented into stored electricity and on board electric generator.

Chapter 4 - Global Electric Vehicle Battery Market Analysis and Forecast by Powertrain 

The chapter covers segmental analysis of global electric vehicle battery market based on powertrain. Based on powertrain, electric vehicle battery can be segmented into series hybrid, parallel hybrid, and combine hybrid.

Chapter 5 - Global Electric Vehicle Battery Market Analysis and Forecast by Vehicle Type

Under the chapter, the report offers segmental analysis of global electric vehicle battery market based on vehicle type including passenger cars, commercial vehicles, two wheelers, and others (golf cart etc.)

Chapter 6 - Global Electric Vehicle Battery Market Analysis and Forecast by Region

The chapter covers historical market value along with current and future market value projections across six key regions. Y-o-Y growth trend analysis and market value share of each region have been provided in the chapter.

Chapter 7 - North America Electric Vehicle battery Market Analysis and Forecast

The chapter offers the key opportunities and challenges in the electric vehicle battery market in North America. It also includes insights into the market scenario in each country of North America.

Chapter 8 - Latin America Electric Vehicle battery Market Analysis and Forecast

The chapter details an accurate forecast of the electric vehicle battery market in Latin America, and provides detailed information of regional market. Key countries analyzed in the Latin America electric vehicle battery market include Argentina, Brazil, and rest of Latin America.

Chapter 9 - Europe Electric Vehicle battery Market Analysis and Forecast

The chapter covers an elaborate insights into the factors influencing the growth of electric vehicle battery market in Europe. It also includes market share analysis on the basis of country, power source, powertrain, and vehicle type.

Chapter 10 - Japan Electric Vehicle battery Market Analysis and Forecast

In this chapter, the report focuses on the novel developments and opportunities in the Japan electric vehicle battery market. Comprehensive insights into market performance in the country are also provided in the chapter.

Chapter 11 - APEJ Electric Vehicle battery Market Analysis and Forecast

The chapter focuses on important factors influencing the growth of the electric vehicle battery market in APEJ. Market value proportion analysis, pricing analysis, and detailed insights into performance of all market segments in the region have been included in this chapter.

Chapter 12 - Middle East & Africa Electric Vehicle battery Market Analysis and Forecast                                                                                                                           

The chapter provides comprehensive insights into the electric vehicle battery market in the Middle East & Africa (MEA) including key drivers, recent trends, opportunities, and challenges in the region. It also offers current scenario of the electric vehicle battery market in various countries across MEA.

Chapter 13 - Competitive Landscape

The chapter offers a dashboard view of the market share analysis of key players in electric vehicle battery market, along with structural analysis. It also provides company profiles, product offerings, key financials, strategies, and regional presence of each leading player in the electric vehicle battery market.

1. Electric Vehicle Battery Market - Executive Summary

2. Electric Vehicle Battery Market Overview
2.1. Introduction
       2.1.1. Electric Vehicle Battery Market Taxonomy
       2.1.2. Electric Vehicle Battery Market Definition
2.2. Electric Vehicle Battery Market Size (US$ Mn) and Forecast, 2012-2022
       2.2.1. Electric Vehicle Battery Market Y-o-Y Growth
2.3. Electric Vehicle Battery Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis 
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region

3. Electric Vehicle Battery Market Analysis and Forecast By Power Source 
3.1. Electric Vehicle Battery Market Size and Forecast By Power Source, 2012-2022
       3.1.1. Stored Electricity Electric Vehicle Battery Market Size and Forecast, 2012-2022
                3.1.1.1. Revenue (US$ Mn) Comparison, By Region
                3.1.1.2. Market Share Comparison, By Region
                3.1.1.3. Y-o-Y growth Comparison, By Region
       3.1.2. On Board Electric Generator Electric Vehicle Battery Market Size and Forecast, 2012-2022
                3.1.2.1. Revenue (US$ Mn) Comparison, By Region
                3.1.2.2. Market Share Comparison, By Region
                3.1.2.3. Y-o-Y growth Comparison, By Region

4. Electric Vehicle Battery Market Analysis and Forecast By Powertrain 
4.1. Electric Vehicle Battery Market Size and Forecast By Powertrain, 2012-2022
       4.1.1. Series Hybrid Electric Vehicle Battery Market Size and Forecast, 2012-2022
                4.1.1.1. Revenue (US$ Mn) Comparison, By Region
                4.1.1.2. Market Share Comparison, By Region
                4.1.1.3. Y-o-Y growth Comparison, By Region
       4.1.2. Parallel Hybrid Electric Vehicle Battery Market Size and Forecast, 2012-2022
                4.1.2.1. Revenue (US$ Mn) Comparison, By Region
                4.1.2.2. Market Share Comparison, By Region
                4.1.2.3. Y-o-Y growth Comparison, By Region
       4.1.3. Combined Hybrid Electric Vehicle Battery Market Size and Forecast, 2012-2022
                4.1.3.1. Revenue (US$ Mn) Comparison, By Region
                4.1.3.2. Market Share Comparison, By Region
                4.1.3.3. Y-o-Y growth Comparison, By Region

5. Electric Vehicle Battery Market Analysis and Forecast By Vehicle Type 
5.1. Electric Vehicle Battery Market Size and Forecast By Vehicle Type, 2012-2022
       5.1.1. Passenger Cars Electric Vehicle Battery Market Size and Forecast, 2012-2022
                5.1.1.1. Revenue (US$ Mn) Comparison, By Region
                5.1.1.2. Market Share Comparison, By Region
                5.1.1.3. Y-o-Y growth Comparison, By Region
       5.1.2. Commercial Vehicles Electric Vehicle Battery Market Size and Forecast, 2012-2022
                5.1.2.1. Revenue (US$ Mn) Comparison, By Region
                5.1.2.2. Market Share Comparison, By Region
                5.1.2.3. Y-o-Y growth Comparison, By Region
       5.1.3. Two Wheelers Electric Vehicle Battery Market Size and Forecast, 2012-2022
                5.1.3.1. Revenue (US$ Mn) Comparison, By Region
                5.1.3.2. Market Share Comparison, By Region
                5.1.3.3. Y-o-Y growth Comparison, By Region
       5.1.4. Others (Golf Cart etc.) Electric Vehicle Battery Market Size and Forecast, 2012-2022
                5.1.4.1. Revenue (US$ Mn) Comparison, By Region
                5.1.4.2. Market Share Comparison, By Region
                5.1.4.3. Y-o-Y growth Comparison, By Region

6. Electric Vehicle Battery Market Analysis and Forecast By Region
6.1. Electric Vehicle Battery Market Size and Forecast, 2012-2022
       6.1.1. North America  Electric Vehicle Battery Market Size and Forecast, 2012-2022
                6.1.1.1. Revenue (US$ Mn) Comparison, By Power Source 
                6.1.1.2. Revenue (US$ Mn) Comparison, By Powertrain 
                6.1.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
       6.1.2. Latin America  Electric Vehicle Battery Market Size and Forecast, 2012-2022
                6.1.2.1. Revenue (US$ Mn) Comparison, By Power Source 
                6.1.2.2. Revenue (US$ Mn) Comparison, By Powertrain 
                6.1.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
       6.1.3. Europe  Electric Vehicle Battery Market Size and Forecast, 2012-2022
                6.1.3.1. Revenue (US$ Mn) Comparison, By Power Source 
                6.1.3.2. Revenue (US$ Mn) Comparison, By Powertrain 
                6.1.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
       6.1.4. Japan Electric Vehicle Battery Market Size and Forecast, 2012-2022
                6.1.4.1. Revenue (US$ Mn) Comparison, By Power Source 
                6.1.4.2. Revenue (US$ Mn) Comparison, By Powertrain 
                6.1.4.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
       6.1.5. APEJ  Electric Vehicle Battery Market Size and Forecast, 2012-2022
                6.1.5.1. Revenue (US$ Mn) Comparison, By Power Source 
                6.1.5.2. Revenue (US$ Mn) Comparison, By Powertrain 
                6.1.5.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
       6.1.6. MEA  Electric Vehicle Battery Market Size and Forecast, 2012-2022
                6.1.6.1. Revenue (US$ Mn) Comparison, By Power Source 
                6.1.6.2. Revenue (US$ Mn) Comparison, By Powertrain 
                6.1.6.3. Revenue (US$ Mn) Comparison, By Vehicle Type 

7. North America  Electric Vehicle Battery Market Analysis and Forecast, By Country, 2012-2022
7.1. US Electric Vehicle Battery Market Size and Forecast, 2012-2022
       7.1.1. Revenue (US$ Mn) Comparison, By Power Source 
       7.1.2. Revenue (US$ Mn) Comparison, By Powertrain 
       7.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
7.2. Canada Electric Vehicle Battery Market Size and Forecast, 2012-2022
       7.2.1. Revenue (US$ Mn) Comparison, By Power Source 
       7.2.2. Revenue (US$ Mn) Comparison, By Powertrain 
       7.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type 

8. Latin America  Electric Vehicle Battery Market Analysis and Forecast, By Country, 2012-2022
8.1. Brazil Electric Vehicle Battery Market Size and Forecast, 2012-2022
       8.1.1. Revenue (US$ Mn) Comparison, By Power Source 
       8.1.2. Revenue (US$ Mn) Comparison, By Powertrain 
       8.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
8.2. Mexico Electric Vehicle Battery Market Size and Forecast, 2012-2022
       8.2.1. Revenue (US$ Mn) Comparison, By Power Source 
       8.2.2. Revenue (US$ Mn) Comparison, By Powertrain 
       8.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
8.3. Argentina Electric Vehicle Battery Market Size and Forecast, 2012-2022
       8.3.1. Revenue (US$ Mn) Comparison, By Power Source 
       8.3.2. Revenue (US$ Mn) Comparison, By Powertrain 
       8.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type 

9. Europe  Electric Vehicle Battery Market Analysis and Forecast, By Country, 2012-2022
9.1. Germany Electric Vehicle Battery Market Size and Forecast, 2012-2022
       9.1.1. Revenue (US$ Mn) Comparison, By Power Source 
       9.1.2. Revenue (US$ Mn) Comparison, By Powertrain 
       9.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
9.2. UK Electric Vehicle Battery Market Size and Forecast, 2012-2022
       9.2.1. Revenue (US$ Mn) Comparison, By Power Source 
       9.2.2. Revenue (US$ Mn) Comparison, By Powertrain 
       9.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
9.3. France Electric Vehicle Battery Market Size and Forecast, 2012-2022
       9.3.1. Revenue (US$ Mn) Comparison, By Power Source 
       9.3.2. Revenue (US$ Mn) Comparison, By Powertrain 
       9.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
9.4. Spain Electric Vehicle Battery Market Size and Forecast, 2012-2022
       9.4.1. Revenue (US$ Mn) Comparison, By Power Source 
       9.4.2. Revenue (US$ Mn) Comparison, By Powertrain 
       9.4.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
9.5. Italy Electric Vehicle Battery Market Size and Forecast, 2012-2022
       9.5.1. Revenue (US$ Mn) Comparison, By Power Source 
       9.5.2. Revenue (US$ Mn) Comparison, By Powertrain 
       9.5.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
9.6. Rest of Europe Electric Vehicle Battery Market Size and Forecast, 2012-2022
       9.6.1. Revenue (US$ Mn) Comparison, By Power Source 
       9.6.2. Revenue (US$ Mn) Comparison, By Powertrain 
       9.6.3. Revenue (US$ Mn) Comparison, By Vehicle Type 

10. Japan Electric Vehicle Battery Market Analysis and Forecast, By Country, 2012-2022
10.1. Japan  Electric Vehicle Battery Market Size and Forecast, 2012-2022
       10.1.1. Revenue (US$ Mn) Comparison, By Power Source 
       10.1.2. Revenue (US$ Mn) Comparison, By Powertrain 
       10.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type 

11. APEJ  Electric Vehicle Battery Market Analysis and Forecast, By Country, 2012-2022
11.1. China Electric Vehicle Battery Market Size and Forecast, 2012-2022
       11.1.1. Revenue (US$ Mn) Comparison, By Power Source 
       11.1.2. Revenue (US$ Mn) Comparison, By Powertrain 
       11.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
11.2. India Electric Vehicle Battery Market Size and Forecast, 2012-2022
       11.2.1. Revenue (US$ Mn) Comparison, By Power Source 
       11.2.2. Revenue (US$ Mn) Comparison, By Powertrain 
       11.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
11.3. Malaysia Electric Vehicle Battery Market Size and Forecast, 2012-2022
       11.3.1. Revenue (US$ Mn) Comparison, By Power Source 
       11.3.2. Revenue (US$ Mn) Comparison, By Powertrain 
       11.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
11.4. Thailand Electric Vehicle Battery Market Size and Forecast, 2012-2022
       11.4.1. Revenue (US$ Mn) Comparison, By Power Source 
       11.4.2. Revenue (US$ Mn) Comparison, By Powertrain 
       11.4.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
11.5. Singapore Electric Vehicle Battery Market Size and Forecast, 2012-2022
       11.5.1. Revenue (US$ Mn) Comparison, By Power Source 
       11.5.2. Revenue (US$ Mn) Comparison, By Powertrain 
       11.5.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
11.6. Australia Electric Vehicle Battery Market Size and Forecast, 2012-2022
       11.6.1. Revenue (US$ Mn) Comparison, By Power Source 
       11.6.2. Revenue (US$ Mn) Comparison, By Powertrain 
       11.6.3. Revenue (US$ Mn) Comparison, By Vehicle Type 

12. MEA  Electric Vehicle Battery Market Analysis and Forecast, By Country, 2012-2022
12.1. GCC Countries Electric Vehicle Battery Market Size and Forecast, 2012-2022
       12.1.1. Revenue (US$ Mn) Comparison, By Power Source 
       12.1.2. Revenue (US$ Mn) Comparison, By Powertrain 
       12.1.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
12.2. South Africa Electric Vehicle Battery Market Size and Forecast, 2012-2022
       12.2.1. Revenue (US$ Mn) Comparison, By Power Source 
       12.2.2. Revenue (US$ Mn) Comparison, By Powertrain 
       12.2.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
12.3. Israel Electric Vehicle Battery Market Size and Forecast, 2012-2022
       12.3.1. Revenue (US$ Mn) Comparison, By Power Source 
       12.3.2. Revenue (US$ Mn) Comparison, By Powertrain 
       12.3.3. Revenue (US$ Mn) Comparison, By Vehicle Type 
12.4. Turkey Electric Vehicle Battery Market Size and Forecast, 2012-2022
       12.4.1. Revenue (US$ Mn) Comparison, By Power Source 
       12.4.2. Revenue (US$ Mn) Comparison, By Powertrain 
       12.4.3. Revenue (US$ Mn) Comparison, By Vehicle Type 

13. Electric Vehicle Battery Market Company Share, Competition Landscape and Company Profiles
13.1. Company Share Analysis
13.2. Competition Landscape
13.3. Company Profiles
       13.3.1. Bayerische Motoren Werke AG
       13.3.2. Daimler AG
       13.3.3.Ford Motor Company
       13.3.4. General Motors
       13.3.5. Honda Motor Company, Limited
       13.3.6. Mitsubishi Heavy Industries Ltd
       13.3.7.Nissan Motor Corporation, Limited
       13.3.8. Renault SA
       13.3.9. Tesla Motors, Inc.
       13.3.10. Toyota Motor Corporation
       13.3.11. Volkswagen AG

14. Research Methodology

15. Secondary and Primary Sources

16. Assumptions and Acronyms

17. Disclaimer

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Electric Vehicle Battery Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2022