Global Electric Vehicle Battery Market Research Report 2021: Patent Analysis, Raw Materials, Market Dynamics, Competitive Landscape, Forecasts
DUBLIN, Dec. 14, 2021 /PRNewswire/ -- The "Electric Vehicle Battery Market by Type, Capacity, Bonding Type, Form, Application, End-user, and Geography - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The EV Batteries Market is expected to reach $175.11 billion by 2028, at a CAGR of 26.0% during the forecast period, 2021-2028.
The growth of this market is mainly attributed to factors such as increasing adoption of EVs worldwide, decreasing battery prices, and increasing investment by leading automotive OEMs to secure the battery supply chain for their future electric vehicles.
Increasing adoption of electric mobility in emerging economies, growing investments in developing lithium-ion battery capacity, and growing deployment of battery-as-a-service provide significant growth opportunities for market players.
Europe is expected to witness the fastest growth during the forecast period. The factors attributed to the high growth of this region are numerous gigafactories planned to be commissioned in Europe during the forecast period and high adoption of electric mobility in the region.
The European region is expected to account for a third of global EV battery production capacities by 2030 from the current battery production capacity of 3%.
Key Questions Answered in the Report-
- Which are the high-growth market segments in terms of type, capacity, bonding type, form, application, end-user, and geography?
- What is the historical market size for the EV batteries market?
- What are the market forecasts and estimates for the period 2021-2028?
- What are the major drivers, restraints, opportunities, and challenges in the EV batteries market?
- Who are the major players in the market, and what share of the market do they hold?
- How is the competitive landscape for the EV batteries market?
- What are the recent developments in the EV batteries market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the EV batteries market, and how do they compete with the other players?
Market Dynamics
Drivers
- Increasing Adoption of EVs
- Decreasing Battery Prices
- Increasing Investment by Leading Automotive OEMs
Restraints
- Potential Shortfall in Lithium Mining Capabilities
- Less Energy Density of Lithium-Ion Batteries
Opportunities
- Increasing Adoption of Electric Mobility in Emerging Economies
- Growing Investments in Developing Lithium-Ion Battery Capacity
- Growing Deployment of Battery-as-a-Service
Challenges
- Potential Safety Issues in EV Batteries
- Value Chain Analysis
Technology Analysis
- Improvement in Battery Composition
- Improvement in Battery Charging Rate
- Improvement in Battery Optimization
- Battery Design and Location in EV
Patent Analysis
Raw Material Analysis
The key players operating in the EV batteries market are
- SK Innovations Co. Ltd.
- LG Chem Ltd
- Farasis Energy Co. Ltd.
- SVOLT Energy Technology Co. Ltd.
- BYD Company Limited
- Samsung SDI Co. Ltd.
- GS Yuasa International Ltd.
- Vehicle Energy Japan Inc.
- Northvolt AB
- Panasonic Corporation
- Contemporary Amperex Technology Co. Limited
- A123 Systems LLC
- Exide Industries Ltd.
- Primearth EV Energy Co. Ltd.
- E-One Moli Energy Corp.
- StoreDot Ltd.
- NOHMs Technologies Inc.
- Lithium Werks B.V.
- Faradion Limited
- QuantumScape Corporation
Scope of the Report
EV Batteries Market, by Type
- Lithium-ion Batteries
- Sealed Lead Acid Batteries
- Nickel-Metal Hydride Batteries
- Ultracapacitors
- Solid-State Batteries
- Other Batteries
EV Batteries Market, by Capacity
- Less Than 50 kWh
- 51 kWh to 100 kWh
- 101 kWh to 300 kWh
- More Than 300 kWh
EV Batteries Market, by Bonding Type
- Wire Bonding
- Laser Bonding
EV Batteries Market, by Form
- Prismatic
- Cylindrical
- Pouch
EV Batteries Market, by Application
- Electric Cars
- Battery Electric Vehicles
- Lithium-ion Batteries
- Nickel-Metal Hydride Batteries
- Ultracapacitors
- Solid-State Batteries
- Other Batteries
- Plug-in Hybrid Electric Vehicles
- Lithium-ion Batteries
- Ultracapacitors
- Solid-State Batteries
- Other Batteries
- Pure Hybrid Electric Vehicles
- Lithium-ion Batteries
- Nickel-Metal Hydride Batteries
- Ultracapacitors
- Solid-State Batteries
- Other Batteries
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- E-scooters & Motorcycles
- E-bikes
EV Batteries Market, by End User
- Electric Vehicle OEMs
- Battery Swapping Stations
EV Batteries Market, by Geography
- Asia-Pacific (APAC)
- China
- Japan
- South Korea
- Thailand
- Indonesia
- India
- Taiwan
- Rest of Asia-Pacific
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Poland
- Hungary
- Sweden
- Norway
- Rest of Europe (RoE)
- North America
- U.S.
- Canada
- Latin America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/yfnu2x
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article