EV Battery Market by Battery Type (Lead-Acid, Lithium-Ion, Nickel-Metal Hydride), Propulsion (BEV, FCEV, HEV), Battery Form, Method, Battery Capacity, Vehicle Type, Material Type - Global Forecast 2023-2030

EV Battery Market by Battery Type (Lead-Acid, Lithium-Ion, Nickel-Metal Hydride), Propulsion (BEV, FCEV, HEV), Battery Form, Method, Battery Capacity, Vehicle Type, Material Type - Global Forecast 2023-2030


The EV Battery Market size was estimated at USD 54.99 billion in 2022 and expected to reach USD 65.47 billion in 2023, at a CAGR 19.52% to reach USD 229.08 billion by 2030 .

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the EV Battery Market.
  • Based on Battery Type, market is studied across Lead-Acid, Lithium-Ion, Nickel-Metal Hydride, and Solid-State. The Solid-State is projected to witness significant market share during forecast period.
  • Based on Propulsion, market is studied across BEV, FCEV, HEV, and PHEV. The FCEV is projected to witness significant market share during forecast period.
  • Based on Battery Form, market is studied across Cylindrical, Pouch, and Prismatic. The Cylindrical is projected to witness significant market share during forecast period.
  • Based on Method, market is studied across Laser Bonding and Wire Bonding. The Wire Bonding is projected to witness significant market share during forecast period.
  • Based on Battery Capacity, market is studied across 111-200 kWh, 201-300 kWh, 50-110 kWh,<50 kWh, and >300 kWh. The 50-110 kWh is projected to witness significant market share during forecast period.
  • Based on Vehicle Type, market is studied across Buses, Medium & Heavy Trucks, Off-highway Vehicles, Passenger Cars, and Vans or Light Trucks. The Medium & Heavy Trucks is projected to witness significant market share during forecast period.
  • Based on Material Type, market is studied across Cobalt, Lithium, Manganese, and Natural Graphite. The Lithium is projected to witness significant market share during forecast period.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the EV Battery Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape EV Battery Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the EV Battery Market, highlighting leading vendors and their innovative profiles. These include Amara Raja Batteries Limited, BYD Co. Ltd, Clarios, Contemporary Amperex Technology Co. Limited, Exicom Tele-Systems Limited, Exide Industries Ltd., GS Yuasa Corporation, Hero Electric Vehicles Pvt. Ltd., Hitachi Ltd, LG Energy Solution Ltd., Mitsubishi Motors Corporation, Narada Power Source Co. Ltd., Okaya Power Pvt. Ltd., Panasonic Corporation, SAMSUNG SDI CO.,LTD, Tata Motors Limited, Tianneng Power International Limited, and Wanxiang Group Corporation.

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the EV Battery Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the EV Battery Market?
  3. What is the competitive strategic window for identifying opportunities in the EV Battery Market?
  4. What are the latest technology trends and regulatory frameworks in the EV Battery Market?
  5. What is the market share of the leading vendors in the EV Battery Market?
  6. Which modes and strategic moves are suitable for entering the EV Battery Market?


Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. EV Battery Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing demand for zero-emission vehicles and hybrid vehicles in the developing economies
5.1.1.2. Cost of lithium-ion batteries decreasing due to large renewable generation capacity addition
5.1.1.3. Favorable government policies and investments for the adoption of EVs
5.1.2. Restraints
5.1.2.1. High import tax of raw materials causing an increase in the price of EV batteries
5.1.3. Opportunities
5.1.3.1. Surge in development and investments of public charging infrastructures by the governments
5.1.3.2. Rising investments in the development of advanced technologies in EV batteries
5.1.3.3. Introduction of the battery-as-a-service model in EV batteries
5.1.4. Challenges
5.1.4.1. Charging related issues coupled with taking a lot of time to charge the batteries
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. EV Battery Market, by Battery Type
6.1. Introduction
6.2. Lead-Acid
6.3. Lithium-Ion
6.4. Nickel-Metal Hydride
6.5. Solid-State
7. EV Battery Market, by Propulsion
7.1. Introduction
7.2. BEV
7.3. FCEV
7.4. HEV
7.5. PHEV
8. EV Battery Market, by Battery Form
8.1. Introduction
8.2. Cylindrical
8.3. Pouch
8.4. Prismatic
9. EV Battery Market, by Method
9.1. Introduction
9.2. Laser Bonding
9.3. Wire Bonding
10. EV Battery Market, by Battery Capacity
10.1. Introduction
10.2. 111-200 kWh
10.3. 201-300 kWh
10.4. 50-110 kWh
10.5.<50 kWh
10.6. >300 kWh
11. EV Battery Market, by Vehicle Type
11.1. Introduction
11.2. Buses
11.3. Medium & Heavy Trucks
11.4. Off-highway Vehicles
11.5. Passenger Cars
11.6. Vans or Light Trucks
12. EV Battery Market, by Material Type
12.1. Introduction
12.2. Cobalt
12.3. Lithium
12.4. Manganese
12.5. Natural Graphite
13. Americas EV Battery Market
13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States
14. Asia-Pacific EV Battery Market
14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam
15. Europe, Middle East & Africa EV Battery Market
15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom
16. Competitive Landscape
16.1. FPNV Positioning Matrix
16.2. Market Share Analysis, By Key Player
16.3. Competitive Scenario Analysis, By Key Player
17. Competitive Portfolio
17.1. Key Company Profiles
17.1.1. Amara Raja Batteries Limited
17.1.2. BYD Co. Ltd
17.1.3. Clarios
17.1.4. Contemporary Amperex Technology Co. Limited
17.1.5. Exicom Tele-Systems Limited
17.1.6. Exide Industries Ltd.
17.1.7. GS Yuasa Corporation
17.1.8. Hero Electric Vehicles Pvt. Ltd.
17.1.9. Hitachi Ltd
17.1.10. LG Energy Solution Ltd.
17.1.11. Mitsubishi Motors Corporation
17.1.12. Narada Power Source Co. Ltd.
17.1.13. Okaya Power Pvt. Ltd.
17.1.14. Panasonic Corporation
17.1.15. SAMSUNG SDI CO.,LTD
17.1.16. Tata Motors Limited
17.1.17. Tianneng Power International Limited
17.1.18. Wanxiang Group Corporation
17.2. Key Product Portfolio
18. Appendix
18.1. Discussion Guide
18.2. License & Pricing

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