Electric Vehicle (EV) Battery Market Growth and Industry Forecast
- The global electric vehicle (EV) battery market is projected to be valued at US$ 93.1 Bn in 2025.
- It is expected to reach US$ 182.4 Bn by 2032, expanding at a CAGR of 10.1% during 2025-2032.
Electric Vehicle (EV) Battery Market Summary: Key Insights & Trends
- Lithium-ion batteries lead with a 67.4% share in 2024, powering 95% of EVs worldwide.
- Solid-state batteries are the fastest growing, projected at a 49.4% CAGR to USD 6.3 Bn by 2032.
- 50–110 kWh capacity dominates with a 67.9% share in 2024, while over 300 kWh packs grow fastest from truck electrification.
- Battery Electric Vehicles (BEVs) capture over 70% share in 2024, driving 95% of global battery demand growth.
- Passenger vehicles lead with 17.3 million EVs in 2024, while trucks post the fastest growth with a 75% demand surge.
- Asia Pacific dominates with China’s 415 GWh demand in 2023, while North America grows fastest with a 45% annual demand rise.
- Global EV adoption drives battery demand to 950 GWh in 2024, up 25% from 2023, with LFP hitting 40% global share.
A Look Back and a Look Forward - Comparative Analysis
Between 2019 and 2024, the global electric vehicle (EV) battery market expanded from approximately US$30–40 billion to nearly US$69.2 billion, demonstrating strong resilience despite global disruptions. While the COVID-19 pandemic reduced the auto market by 23% in 2020, EV sales declined by only 18%, supported by government incentives and demand for clean mobility. Supply chain issues caused short delays, but the sector rebounded with growth above 30% annually after 2021. Falling lithium-ion battery prices from over US$200/kWh to US$149/kWh by 2023 and rising adoption of affordable LFP chemistries boosted capacity, pushing global installations to 750 GWh in 2023, a 40% jump
Between 2025 and 2032, the EV battery market is set for exponential growth, with demand projected to rise sevenfold. Supportive policies like the U.S. Inflation Reduction Act and Europe’s Green Deal are driving localized supply chains and sustainable materials. Technology advancements solid-state and sodium-ion batteries, will boost energy density and safety, while falling prices, potentially reaching US$80/kWh by 2026, may bring EVs to cost parity with combustion vehicles. Asia-Pacific will remain dominant, led by China’s 415 GWh demand in 2023, while North America grows 40% and Europe prioritizes recycling. New opportunities in Battery-as-a-Service (BaaS) and V2G integration will shape the transition.
Key Growth Drivers
- Global EV Adoption Accelerates Battery Growth and Strengthens Demand Worldwide
The EV battery market is propelled by unprecedented EV sales growth, with battery demand hitting 950 GWh in 2024, up 25% from 2023, as electric cars dominate 95% of this increase. According to the IEA, the United States and Europe saw over 40% year-on-year growth, while China reached 415 GWh, driven by PHEVs contributing 18% to demand. This surge justifies investments in scalable production, as emerging markets such as India and Southeast Asia witness 70%+ growth in battery needs. Government policies, including subsidies and emissions targets, amplify this, with LFP chemistries rising to 40% global share by 2023 for their cost advantages. As EV sales exceed 20 million in 2025, the electric vehicle (EV) batteries benefit from larger average battery sizes due to SUV dominance.
- Global Incentives and Next-Gen Chemistries Reshape the EV Battery Landscape
The global electric vehicle (EV) battery market is expanding rapidly, fueled by both policy incentives and breakthroughs in battery technologies. Innovations such as the shift to lithium iron phosphate (LFP), which accounted for over 40% of demand in 2023, and the emergence of sodium-ion batteries are driving cost efficiency and safety improvements. Global battery prices fell from US$153/kWh in 2022 to US$149/kWh in 2023, enabling affordable EV models in China with ranges around 150 km. Patent expirations on LFP have spurred global investments, including US$15.3 billion in Morocco’s phosphate reserves, while solid-state batteries forecast to grow at 49.4% CAGR to US$6.3 billion by 2032 promise higher energy density and faster charging. On the policy side, the U.S. IRA allocates US$369 billion, Europe’s CO₂ targets push BEV shares to 28% by 2025, and China, already holding 77% of global capacity (893 GWh) continues leadership. Collectively, these forces will drive global capacity to 7.9 TWh by 2030.
Key Growth Restraints
- Supply Chain Risks and Mineral Shortages Challenge Global EV Battery Growth
The electric vehicle (EV) battery market faces restraints from volatile mineral supplies, with lithium prices six times higher than 2015-2020 averages in early 2023, exacerbating costs amid demand outpacing supply. Russia's invasion of Ukraine and COVID-19 disruptions amplified this, causing nickel peaks twice the historical average in 2022. Overcapacity risks in battery manufacturing (projected at 3.8 TWh by 2025, double demand) could lead to inefficiencies, while transport issues for end-of-life batteries hinder recycling. These factors may slow growth in emerging markets, where black mass handling remains unregulated, potentially capping the market's expansion despite strong EV uptake.
- High Costs and Infrastructure Limitations Restrict Wider Electric Vehicle Battery Adoption
Despite declines, battery prices at US$149/kWh in 2023 restrain the EV battery market, making EVs less accessible in price-sensitive regions. Safety concerns with lithium-ion, including fire risks, and inadequate charging infrastructure (e.g., only 5 million public points globally in 2024) deter adoption. Policy uncertainties, such as subsidy phase-outs in China by 2022, add volatility, while high upfront investments for solid-state tech (USD 0.26 billion market in 2025) delay commercialization, limiting penetration in heavy-duty segments and overall market momentum.
Electric Vehicle (EV) Battery Market Trends and Opportunities
- Battery Recycling and Circular Economy Drive Sustainability and Resource Efficiency
The electric vehicle (ev) battery industry presents vast opportunities in recycling, projected to grow at a 28.3% CAGR to support sustainability amid rising end-of-life batteries. With demand at 950 GWh in 2024, recycling could recover critical minerals such as cobalt and nickel, reducing reliance on mining where lithium supply lags. Initiatives such as EU regulations and partnerships (e.g., LG's JV with Derichebourg in 2025) enable black mass processing, potentially saving billions in imports. As second-life applications emerge for stationary storage, this segment could reach USD 23.39 billion by 2030, fostering job creation and environmental compliance.
- Emerging Chemistries and Affordable EV Models Unlock Global Growth Opportunities
Opportunities abound in the electric vehicle (EV) battery market with solid-state and sodium-ion batteries, the former growing at a 49.4% CAGR to USD 6.3 billion by 2032 for superior density. Sodium-ion's debut in 2023-2024 EVs offers cost-effective alternatives to lithium, with ranges up to 932 miles, challenging incumbents. Investments in Morocco and China-driven LFP (two-thirds of EV sales there) enable affordable models below USD 29,000, tapping emerging markets such as Vietnam and Brazil with over 70% growth. This diversification could propel the market beyond 4.7 TWh demand by 2030, aligning with net-zero goals.
Segment-wise Trends & Analysis
- Lithium-Ion Leads While Solid-State and Sodium-Ion Drive Future Growth
Lithium-ion batteries lead with a 67.4% share in 2024, valued for high energy density and scalability, powering 95% of EVs globally. Their dominance stems from cost reductions to US$149/kWh in 2023 and widespread adoption in BEVs. Nickel-Metal Hydride holds niche hybrid applications, while Lead-Acid serves low-cost segments such as 2Ws. Sodium-ion, debuting in 2023-2024, grows rapidly for affordability, challenging lithium in China. Others, including emerging variants, contribute marginally but innovate for sustainability. Overall, Lithium-ion's leadership sustains the electric vehicle (ev) battery industry, while solid-state's pace drives future disruption.
- Mid-Range Batteries Dominate as Large-Capacity Packs Gain Strong Momentum
The 50–110 kWh segment leads the market with 67.9% share in 2024, ideal for passenger vehicles such as SUVs, balancing range (300-400 km) and cost. Less than 50 kWh suits urban 2Ws and entry-level EVs, while 111–200 kWh serves premium sedans. Over 300 kWh, fastest-growing due to truck electrification (75% demand rise in 2024), targets heavy-duty with 1000+ km ranges. 201–300 kWh grows for commercial vans. Larger battery packs are gaining momentum as electric SUVs account for about 5% of demand, pushing expansion of over-300 kWh units and driving overall capacity toward the 1 TWh mark in 2024.
- Battery Electric Vehicles Lead While Hybrids and Fuel Cells Emerge
Battery Electric Vehicles (BEVs) lead, capturing 70% share in 2024 with 65.2 million projected sales by 2030 under optimistic scenarios. Their full-electric nature demands high-capacity batteries, driving 95% of global demand growth. Plug-In Hybrid Electric Vehicles (PHEVs) grow steadily at 18% in China, with smaller batteries. Hybrid Electric Vehicles (HEVs) and Fuel Cell Electric Vehicles (FCEVs) lag but innovate. BEVs remain the fastest growing, with 24% market share in 2025, fuelled by policies such as EU bans, propelling the market.
- Passenger Vehicles Dominate as Truck Electrification Becomes Fastest Growing Segment
Passenger Vehicles dominate, with 17.3 million produced in 2024, driven by models such as SUVs (70% of EV offerings). Light Commercial Vehicles (LCVs) are used for urban logistics. Heavy Commercial Vehicles (HCVs) and 3Ws grow moderately, while 2Ws lead in emerging markets. Trucks are the fastest-growing, with a 75% battery demand surge in 2024, reaching 3% global share as electrification hits 2% of sales. This segment's rise, alongside passenger vehicles' leadership, fuels the Electric Vehicle (EV) Battery Market's expansion.
Regional Trends & Analysis
- North America Accelerates EV Battery Growth with IRA Incentives and Policies
North America is quickly emerging as significant regions in the global EV race, thanks to a wave of major investments and supportive government policies. In Canada, momentum is building with Honda’s US$11 billion plan to create a full EV value chain, including a massive 36 GWh battery plant. At the same time, Stellantis and Volkswagen are pouring US$8.8 billion into new gigafactories, while Northvolt’s US$7 billion project in Quebec, designed for 60 GWh capacity, highlights the country’s growing importance. Altogether, nearly US$31 billion has flowed into Canadian EV manufacturing over just four years.
The Department of Energy is putting US$1.7 billion into converting 11 existing auto plants for EV battery production, alongside another US$43 million dedicated to next-generation battery R&D. Private ventures such as Ford and SK On’s BlueOvalSK are further strengthening domestic supply chains and reducing dependence on imports.
- Europe Advances EV Battery Adoption Through CO2 Targets and Subsidies
Europe’s electric vehicle (EV) battery market is advancing rapidly, driven by strict CO₂ targets, subsidies, and major investments to strengthen its supply chain. The European Commission allocated €852 million from the Innovation Fund, backed by the EU ETS, to six new battery projects. Germany leads with a projected 353.5 GWh capacity by 2030, including Tesla’s Gigafactory Berlin (100 GWh). The Fraunhofer Institute forecasts nearly 400 GWh annually, powering 6.5 million EVs. Incentives and Volkswagen’s leadership helped Germany secure a 20.6% BEV share in 2023, aligned with the EU’s 95 g/km CO₂ target for 2025. Financing momentum includes €1.8 billion from the European Investment Bank and a €200 million Invest EU boost for manufacturing and R&D. The UK has mandated 28% BEVs by 2025, under its Vehicle Emissions Scheme, and secured £1.1 billion for AESC’s 15.8 GWh gigafactory. France, Italy, and Morocco (USD 15.3 billion investments) add support, as Europe’s 2023 demand surged 40% to 185 GWh.
- Asia Pacific Leads Global EV Battery Demand with China Driving Growth
Asia Pacific dominates the global EV battery market, spearheaded by China, which reached 415 GWh battery demand in 2023 up 40% year-on-year. Growth is fueled by surging PHEV/EREV adoption (33% of sales) and strong NEV subsidies. By 2035, regional demand is projected to hit 2,569 GWh, reinforcing Asia Pacific’s leadership. Key enablers include free-trade pacts, strategic investments such as TDSG’s battery plant, and urbanization driving electric two-wheeler uptake.
India is rapidly strengthening its position through the INR 18,100 crore PLI-ACC scheme, targeting 50 GWh capacity by 2026. By 2030, India expects 30% EV penetration, supported by OEM initiatives such as Maruti’s e-Vitara, alongside 115 GWh battery demand and 220 GWh domestic manufacturing capacity. Indonesia is emerging as a regional hub, leveraging the world’s largest nickel reserves. With $8 billion investments, the country launched Southeast Asia’s first EV battery plant (10 GWh, scaling to 40 GWh by 2028) backed by CATL’s $5.9 billion partnership. Meanwhile, Japan and South Korea retain strong positions in advanced technology and exports, though competition from China’s scale intensifies.
Competitive Landscape Analysis
The global EV battery market is dominated by a few key players competing on cost, performance, and supply chain security. China leads the industry, with CATL and BYD together controlling nearly 60% of global share. Both are scaling gigafactory output and developing LFP and silicon-anode technologies to lower battery pack costs below the crucial $100/kWh threshold, making EVs more affordable. CATL also strengthens its lead through partnerships with Tesla, while BYD expands rapidly across global markets.
South Korea’s LG Energy Solution, SK On, and Samsung SDI focus on nickel-rich NCM and advanced LFP cells, balancing premium and mass-market demand. Panasonic remains closely tied to Tesla, supplying high-nickel batteries for long-range EVs, while QuantumScape pushes next-gen solid-state technology. In Europe, Northvolt and Saft are building renewable-powered facilities and advancing battery recycling, reflecting the region’s sustainability focus.
Key Companies
- CATL (Contemporary Amperex Technology Co. Limited)
- BYD (Build Your Dreams)
- LG Energy Solution
- Panasonic Energy
- Samsung SDI
- SK On
- CALB (China Aviation Lithium Battery)
- Gotion High Tech (Guoxuan)
- EVE Energy
- Farasis Energy
- Sunwoda
- QuantumScape
- Redwood Materials
Recent Developments:
- In July 2025, the European Commission announced that six pioneering electric vehicle (EV) battery cell manufacturing projects will receive a total of €852 million in grants from the Innovation Fund, using revenues from the EU Emissions Trading System (EU ETS).
- In April 2025, LG formed a JV for battery recycling, boosting sustainability and mineral recovery in Europe. This addresses cobalt shortages, supporting circular economy goals. It enhances LG's position in the Electric Vehicle (EV) Battery Market.
- In August 2025, Ford's BlueOval SK joint venture launched cell production in Kentucky, providing domestic batteries for the F-150 Lightning and other EVs. This initiative supports compliance with the Inflation Reduction Act and enhances the domestic EV battery supply chain.
Global Electric Vehicle (EV) Battery Market Segmentation-
By Battery Type
- Lithium-ion Battery
- Lithium Ferrous Phosphate (LFP)
- Lithium Cobalt Oxide (LCO)
- Nickel Manganese Cobalt (NMC)
- Others
- Nickel-Metal Hydride Battery
- Sodium-ion Battery
- Lead-Acid Battery
- Solid-state Battery
- Others
By Battery Capacity
- Less than 50 kWh
- 50–110 kWh
- 111–200 kWh
- 201–300 kWh
- Over 300 kWh
By Propulsion Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicles (HEVs)
- Fuel Cell Electric Vehicles (FCEVs)
- Plug-In Hybrid Electric Vehicle (PHEV)
By Vehicle Type
- 2Ws
- 3Ws
- Passenger Vehicles
- HCVs (Heavy Commercial Vehicles)
- LCVs (Light Commercial Vehicles)
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
1. Executive Summary
1.1. Global Electric Vehicle (EV) Battery Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2025
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. COVID-19 Impact Analysis
2.5. Porter's Fiver Forces Analysis
2.6. Impact of Russia-Ukraine Conflict
2.7. PESTLE Analysis
2.8. Regulatory Analysis
2.9. Price Trend Analysis
2.9.1. Current Prices and Future Projections, 2024-2032
2.9.2. Price Impact Factors
3. Global Electric Vehicle (EV) Battery Market Outlook, 2019 - 2032
3.1. Global Electric Vehicle (EV) Battery Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
3.1.1. Lithium-ion Battery
3.1.1.1. Lithium Ferrous Phosphate (LFP)
3.1.1.2. Lithium Cobalt Oxide (LCO)
3.1.1.3. Nickel Manganese Cobalt (NMC)
3.1.1.4. Others
3.1.2. Nickel-Metal Hydride Battery
3.1.3. Sodium-ion Battery
3.1.4. Lead-Acid Battery
3.1.5. Solid-state Battery
3.1.6. Others
3.2. Global Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, Value (US$ Bn), 2019 - 2032
3.2.1. Less than 50 kWh
3.2.2. 50–110 kWh
3.2.3. 111–200 kWh
3.2.4. 201–300 kWh
3.2.5. Over 300 kWh
3.3. Global Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
3.3.1. Battery Electric Vehicle (BEV)
3.3.2. Hybrid Electric Vehicles (HEVs)
3.3.3. Fuel Cell Electric Vehicles (FCEVs)
3.3.4. Plug-In Hybrid Electric Vehicle (PHEV)
3.4. Global Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, Value (US$ Bn), 2019 - 2032
3.4.1. 2Ws
3.4.2. 3Ws
3.4.3. Passenger Vehicles
3.4.4. HCVs (Heavy Commercial Vehicles)
3.4.5. LCVs (Light Commercial Vehicles)
3.5. Global Electric Vehicle (EV) Battery Market Outlook, by Region, Value (US$ Bn), 2019 - 2032
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. Middle East & Africa
4. North America Electric Vehicle (EV) Battery Market Outlook, 2019 - 2032
4.1. North America Electric Vehicle (EV) Battery Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
4.1.1. Lithium-ion Battery
4.1.1.1. Lithium Ferrous Phosphate (LFP)
4.1.1.2. Lithium Cobalt Oxide (LCO)
4.1.1.3. Nickel Manganese Cobalt (NMC)
4.1.1.4. Others
4.1.2. Nickel-Metal Hydride Battery
4.1.3. Sodium-ion Battery
4.1.4. Lead-Acid Battery
4.1.5. Solid-state Battery
4.1.6. Others
4.2. North America Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, Value (US$ Bn), 2019 - 2032
4.2.1. Less than 50 kWh
4.2.2. 50–110 kWh
4.2.3. 111–200 kWh
4.2.4. 201–300 kWh
4.2.5. Over 300 kWh
4.3. North America Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
4.3.1. Battery Electric Vehicle (BEV)
4.3.2. Hybrid Electric Vehicles (HEVs)
4.3.3. Fuel Cell Electric Vehicles (FCEVs)
4.3.4. Plug-In Hybrid Electric Vehicle (PHEV)
4.4. North America Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, Value (US$ Bn), 2019 - 2032
4.4.1. 2Ws
4.4.2. 3Ws
4.4.3. Passenger Vehicles
4.4.4. HCVs (Heavy Commercial Vehicles)
4.4.5. LCVs (Light Commercial Vehicles)
4.5. North America Electric Vehicle (EV) Battery Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
4.5.1. U.S. Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
4.5.2. U.S. Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
4.5.3. U.S. Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
4.5.4. U.S. Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
4.5.5. Canada Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
4.5.6. Canada Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
4.5.7. Canada Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
4.5.8. Canada Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
4.6. BPS Analysis/Market Attractiveness Analysis
5. Europe Electric Vehicle (EV) Battery Market Outlook, 2019 - 2032
5.1. Europe Electric Vehicle (EV) Battery Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
5.1.1. Lithium-ion Battery
5.1.1.1. Lithium Ferrous Phosphate (LFP)
5.1.1.2. Lithium Cobalt Oxide (LCO)
5.1.1.3. Nickel Manganese Cobalt (NMC)
5.1.1.4. Others
5.1.2. Nickel-Metal Hydride Battery
5.1.3. Sodium-ion Battery
5.1.4. Lead-Acid Battery
5.1.5. Solid-state Battery
5.1.6. Others
5.2. Europe Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, Value (US$ Bn), 2019 - 2032
5.2.1. Less than 50 kWh
5.2.2. 50–110 kWh
5.2.3. 111–200 kWh
5.2.4. 201–300 kWh
5.2.5. Over 300 kWh
5.3. Europe Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
5.3.1. Battery Electric Vehicle (BEV)
5.3.2. Hybrid Electric Vehicles (HEVs)
5.3.3. Fuel Cell Electric Vehicles (FCEVs)
5.3.4. Plug-In Hybrid Electric Vehicle (PHEV)
5.4. Europe Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, Value (US$ Bn), 2019 - 2032
5.4.1. 2Ws
5.4.2. 3Ws
5.4.3. Passenger Vehicles
5.4.4. HCVs (Heavy Commercial Vehicles)
5.4.5. LCVs (Light Commercial Vehicles)
5.5. Europe Electric Vehicle (EV) Battery Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
5.5.1. Germany Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
5.5.2. Germany Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
5.5.3. Germany Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
5.5.4. Germany Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
5.5.5. Italy Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
5.5.6. Italy Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
5.5.7. Italy Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
5.5.8. Italy Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
5.5.9. France Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
5.5.10. France Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
5.5.11. France Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
5.5.12. France Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
5.5.13. U.K. Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
5.5.14. U.K. Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
5.5.15. U.K. Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
5.5.16. U.K. Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
5.5.17. Spain Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
5.5.18. Spain Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
5.5.19. Spain Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
5.5.20. Spain Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
5.5.21. Russia Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
5.5.22. Russia Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
5.5.23. Russia Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
5.5.24. Russia Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
5.5.25. Rest of Europe Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
5.5.26. Rest of Europe Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
5.5.27. Rest of Europe Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
5.5.28. Rest of Europe Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
5.6. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Electric Vehicle (EV) Battery Market Outlook, 2019 - 2032
6.1. Asia Pacific Electric Vehicle (EV) Battery Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
6.1.1. Lithium-ion Battery
6.1.1.1. Lithium Ferrous Phosphate (LFP)
6.1.1.2. Lithium Cobalt Oxide (LCO)
6.1.1.3. Nickel Manganese Cobalt (NMC)
6.1.1.4. Others
6.1.2. Nickel-Metal Hydride Battery
6.1.3. Sodium-ion Battery
6.1.4. Lead-Acid Battery
6.1.5. Solid-state Battery
6.1.6. Others
6.2. Asia Pacific Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, Value (US$ Bn), 2019 - 2032
6.2.1. Less than 50 kWh
6.2.2. 50–110 kWh
6.2.3. 111–200 kWh
6.2.4. 201–300 kWh
6.2.5. Over 300 kWh
6.3. Asia Pacific Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
6.3.1. Battery Electric Vehicle (BEV)
6.3.2. Hybrid Electric Vehicles (HEVs)
6.3.3. Fuel Cell Electric Vehicles (FCEVs)
6.3.4. Plug-In Hybrid Electric Vehicle (PHEV)
6.4. Asia Pacific Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, Value (US$ Bn), 2019 - 2032
6.4.1. 2Ws
6.4.2. 3Ws
6.4.3. Passenger Vehicles
6.4.4. HCVs (Heavy Commercial Vehicles)
6.4.5. LCVs (Light Commercial Vehicles)
6.5. Asia Pacific Electric Vehicle (EV) Battery Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
6.5.1. China Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
6.5.2. China Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
6.5.3. China Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
6.5.4. China Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
6.5.5. Japan Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
6.5.6. Japan Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
6.5.7. Japan Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
6.5.8. Japan Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
6.5.9. South Korea Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
6.5.10. South Korea Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
6.5.11. South Korea Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
6.5.12. South Korea Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
6.5.13. India Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
6.5.14. India Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
6.5.15. India Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
6.5.16. India Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
6.5.17. Southeast Asia Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
6.5.18. Southeast Asia Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
6.5.19. Southeast Asia Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
6.5.20. Southeast Asia Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
6.5.21. Rest of SAO Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
6.5.22. Rest of SAO Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
6.5.23. Rest of SAO Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
6.5.24. Rest of SAO Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
6.6. BPS Analysis/Market Attractiveness Analysis
7. Latin America Electric Vehicle (EV) Battery Market Outlook, 2019 - 2032
7.1. Latin America Electric Vehicle (EV) Battery Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
7.1.1. Lithium-ion Battery
7.1.1.1. Lithium Ferrous Phosphate (LFP)
7.1.1.2. Lithium Cobalt Oxide (LCO)
7.1.1.3. Nickel Manganese Cobalt (NMC)
7.1.1.4. Others
7.1.2. Nickel-Metal Hydride Battery
7.1.3. Sodium-ion Battery
7.1.4. Lead-Acid Battery
7.1.5. Solid-state Battery
7.1.6. Others
7.2. Latin America Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, Value (US$ Bn), 2019 - 2032
7.2.1. Less than 50 kWh
7.2.2. 50–110 kWh
7.2.3. 111–200 kWh
7.2.4. 201–300 kWh
7.2.5. Over 300 kWh
7.3. Latin America Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
7.3.1. Battery Electric Vehicle (BEV)
7.3.2. Hybrid Electric Vehicles (HEVs)
7.3.3. Fuel Cell Electric Vehicles (FCEVs)
7.3.4. Plug-In Hybrid Electric Vehicle (PHEV)
7.4. Latin America Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, Value (US$ Bn), 2019 - 2032
7.4.1. 2Ws
7.4.2. 3Ws
7.4.3. Passenger Vehicles
7.4.4. HCVs (Heavy Commercial Vehicles)
7.4.5. LCVs (Light Commercial Vehicles)
7.5. Latin America Electric Vehicle (EV) Battery Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
7.5.1. Brazil Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
7.5.2. Brazil Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
7.5.3. Brazil Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
7.5.4. Brazil Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
7.5.5. Mexico Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
7.5.6. Mexico Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
7.5.7. Mexico Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
7.5.8. Mexico Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
7.5.9. Argentina Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
7.5.10. Argentina Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
7.5.11. Argentina Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
7.5.12. Argentina Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
7.5.13. Rest of LATAM Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
7.5.14. Rest of LATAM Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
7.5.15. Rest of LATAM Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
7.5.16. Rest of LATAM Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
7.6. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Electric Vehicle (EV) Battery Market Outlook, 2019 - 2032
8.1. Middle East & Africa Electric Vehicle (EV) Battery Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
8.1.1. Lithium-ion Battery
8.1.1.1. Lithium Ferrous Phosphate (LFP)
8.1.1.2. Lithium Cobalt Oxide (LCO)
8.1.1.3. Nickel Manganese Cobalt (NMC)
8.1.1.4. Others
8.1.2. Nickel-Metal Hydride Battery
8.1.3. Sodium-ion Battery
8.1.4. Lead-Acid Battery
8.1.5. Solid-state Battery
8.1.6. Others
8.2. Middle East & Africa Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, Value (US$ Bn), 2019 - 2032
8.2.1. Less than 50 kWh
8.2.2. 50–110 kWh
8.2.3. 111–200 kWh
8.2.4. 201–300 kWh
8.2.5. Over 300 kWh
8.3. Middle East & Africa Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
8.3.1. Battery Electric Vehicle (BEV)
8.3.2. Hybrid Electric Vehicles (HEVs)
8.3.3. Fuel Cell Electric Vehicles (FCEVs)
8.3.4. Plug-In Hybrid Electric Vehicle (PHEV)
8.4. Middle East & Africa Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, Value (US$ Bn), 2019 - 2032
8.4.1. 2Ws
8.4.2. 3Ws
8.4.3. Passenger Vehicles
8.4.4. HCVs (Heavy Commercial Vehicles)
8.4.5. LCVs (Light Commercial Vehicles)
8.5. Middle East & Africa Electric Vehicle (EV) Battery Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
8.5.1. GCC Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
8.5.2. GCC Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
8.5.3. GCC Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
8.5.4. GCC Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
8.5.5. South Africa Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
8.5.6. South Africa Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
8.5.7. South Africa Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
8.5.8. South Africa Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
8.5.9. Egypt Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
8.5.10. Egypt Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
8.5.11. Egypt Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
8.5.12. Egypt Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
8.5.13. Nigeria Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
8.5.14. Nigeria Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
8.5.15. Nigeria Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
8.5.16. Nigeria Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
8.5.17. Rest of Middle East Electric Vehicle (EV) Battery Market Outlook, by Battery Type, 2019 - 2032
8.5.18. Rest of Middle East Electric Vehicle (EV) Battery Market Outlook, by Battery Capacity, 2019 - 2032
8.5.19. Rest of Middle East Electric Vehicle (EV) Battery Market Outlook, by Propulsion Type, 2019 - 2032
8.5.20. Rest of Middle East Electric Vehicle (EV) Battery Market Outlook, by Vehicle Type, 2019 - 2032
8.6. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Vs Segment Heatmap
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. CATL (Contemporary Amperex Technology Co. Limited)
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Developments
9.4.2. BYD (Build Your Dreams)
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Developments
9.4.3. LG Energy Solution
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Developments
9.4.4. Panasonic Energy
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Developments
9.4.5. Samsung SDI
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Developments
9.4.6. SK On
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Developments
9.4.7. CALB (China Aviation Lithium Battery)
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Developments
9.4.8. Gotion High Tech (Guoxuan)
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Developments
9.4.9. EVE Energy
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Developments
9.4.10. Farasis Energy
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Developments
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations
|
BASE YEAR |
HISTORICAL DATA |
FORECAST PERIOD |
UNITS |
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 |
2024 |
 |
2019 - 2024 |
 |
2025 - 2032 |
Value: US$ Billion |
|
REPORT FEATURES |
DETAILS |
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Battery Type Coverage |
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Battery Capacity Coverage |
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Propulsion Type Coverage |
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Vehicle Type Coverage |
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Geographical Coverage |
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Leading Companies |
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Report Highlights |
Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2024), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain) |
Quality assured
