MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Global EV Battery Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Global EV Battery Market: 2024-2030
The Global EV Battery Market size was valued at USD 132.5 billion in 2023 & is projected to reach USD 495.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2024-30.
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Global Electric Vehicle (EV) Battery Market Trend:
Increasing Adoption of Solid-State Battery Technology – The solid-state batteries use solid electrolytes instead of liquid or gel which helps in preventing leakage issues & fire hazards and offers safety to the consumers. These batteries offer high energy density on a single charge, providing more dependability & greater vehicle range in electric vehicles. Moreover, the charging speed of solid-state batteries is half the time of other lithium-ion batteries, which results in less time consumption for charging, further gaining consumer interest. Additionally, these batteries have longer life spans and better stability than other electric vehicle batteries. As a result, the need for solid-state batteries in electric vehicles is increasing and major EV manufacturers are introducing vehicles integrated with solid-state batteries. For instance:
In 2024, Nissan announced to launch of solid-state battery-powered EVs by early 2029 under its Ambition 2030 strategy.
Thus, the proliferation in solid-state battery adoption by EV manufacturers is emerging as a significant market trend in the Global Electric Vehicle Battery Market, which is expected to upsurge overall market growth.
Global EV Battery Market Segmentation:
The Global EV Battery Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Battery Type
-Lithium-Ion- Market Size & Forecast 2019-2030F, (Thousand Units)
-Lead-Acid- Market Size & Forecast 2019-2030F, (Thousand Units)
-Nickel-Metal Hydride- Market Size & Forecast 2019-2030F, (Thousand Units)
-Others (Sodium Ion, Solid-State)- Market Size & Forecast 2019-2030F, (Thousand Units)
By Battery Capacity
-<50 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
-50-110 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
-111-200 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
-201-300 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
->300 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
By Battery Form
-Prismatic- Market Size & Forecast 2019-2030F, (Thousand Units)
-Pouch- Market Size & Forecast 2019-2030F, (Thousand Units)
-Cylindrical - Market Size & Forecast 2019-2030F, (Thousand Units)
By Propulsion Type
-Battery Electric Vehicle (BEV)- Market Size & Forecast 2019-2030F, (Thousand Units)
-Plug-In Hybrid Electric Vehicle (PHEV)- Market Size & Forecast 2019-2030F, (Thousand Units)
-Fuel-Cell Electric Vehicle- Market Size & Forecast 2019-2030F, (Thousand Units)
-Hybrid Vehicle- Market Size & Forecast 2019-2030F, (Thousand Units)
By Vehicle Type
-Two-wheeler- Market Size & Forecast 2019-2030F, USD Million
-Passenger Cars- Market Size & Forecast 2019-2030F, USD Million
-Commercial Vehicles- Market Size & Forecast 2019-2030F, USD Million
-Vans/Light Trucks- Market Size & Forecast 2019-2030F, USD Million
-Medium & Heavy Trucks- Market Size & Forecast 2019-2030F, USD Million
-Buses- Market Size & Forecast 2019-2030F, USD Million
-Off-Highway Vehicles- Market Size & Forecast 2019-2030F, USD Million
By Method
-Wire Bonding- Market Size & Forecast 2019-2030F, (Thousand Units)
-Laser Bonding- Market Size & Forecast 2019-2030F, (Thousand Units)
-Ultrasonic Bonding - Market Size & Forecast 2019-2030F, (Thousand Units).
Geographical Analysis into the Global EV Battery Market:
· North America
· South America
· Europe
· The Middle East & Africa
· Asia-Pacific
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Competitive Landscape and Global EV Battery Market Share Analysis:
The competitive landscape of the Global EV Battery Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Contemporary Amperex Technology Co., Limited, LG Energy Solutions, BYD Company Limited, Panasonic Corporation, Toshiba Corporation, Mitsubishi Corporation, Enersys, SK Inc., CALB, Gotion Inc, Sunwoda Electronic Co. Ltd, Farasis Energy, Vehicle Energy Japan, Inc, Exide Industries, Primearth EV Energy Co., Ltd, Others.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
· What factors are driving the Global EV Battery Market growth?
· How is the Global EV Battery Market expected to grow over the next five years?
· What are the key insights into the current trends in the Global EV Battery Market?
· What is the current size of the Global EV Battery Market, and how is it projected to change in the future?
· What is the future outlook for the Global EV Battery Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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