Lithium-ion type of electric vehicle battery market is expected to grow with a CAGR of 19.5% over the forecast period, 2019-2027 owing to its high-energy density, low maintenance and charge retention capacity. Lithium-ion batteries are preferred substitutes due to longer lifecycle and better performance characteristics. It is the leading as well as fastest growing segment in the battery type segment. Use of lithium-ion batteries for onboard energy storage is increasing owing to the continuous efforts by automotive manufacturers to produce more vehicles with electric driven trains. Moreover, the government initiatives to subsidizing EV battery manufacturers will push the market over the future period. Increasing investment in the research and developments of lithium-ion battery and technological advancements will lead the EV battery price trends in a decreasing pattern, which will drive the overall market.

Global Electric Vehicle Battery market is expected to grow with a CAGR over 20% during the forecast period 2019-2027, owing to increasing demand for electric vehicles all over the world. Electric Vehicle battery is the primary component of any electric vehicles; therefore, the increasing electric vehicles market will propel the EV battery market over the forecast period.

Competitive Dynamics

The report provides both, qualitative and quantitative research of global electric vehicle battery market, as well as provides worthy insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in global EV battery market and detailed insights on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarters, competitors, product, application and specification, pricing, and gross margin.

The primary market participants in the global electric vehicle battery market include Panasonic Corporation, LG CHEM LTD., Mitsubishi Electric Corporation, Samsung Electronics Co. Ltd., BYD Company Limited, Hitachi Chemical Company, Ltd., Enersys, Narada Power Source Co. Ltd, Johnson Controls International Plc, Crown Battery Corporation, Toshiba Corporation, Automotive Energy Supply Corporation, Narada Power Source Co. Ltd, Beijing Pride Power Battery Technology Co Ltd, etc.

Don’t miss the opportunity to strengthen your feet in Global Electric Vehicle Battery Market. Consult to our experienced analyst and gain crucial insights and facilitate your business growth. 

The in-depth analysis of the report provides insights into growth potential, upcoming trends and statistics of Global Electric Vehicle (EV) Battery Market size and forecast. The report promises to provide state-of-the-art technology of EV battery production process and industry insights which helps decision makers to make sound and strategic choices. Furthermore, the report also analyzes market drivers, challenges and competitive analysis of the market.

By Battery Type

• Lithium-ion Battery
• Lead Acid Battery
• Nickel Metal Hydride Battery
• Others

By Vehicle Technology 

• BEV
• PHEV
• HEV

By Vehicle Type

• Passenger Car
• Commercial Car
• Two-Wheeler

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
  • Rest of North America
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Argentina
  • Brazil
  • Rest of Latin America