Market Overview

The Global Electric Vehicle (EV) Battery Market was valued at USD 54,121.4 million in 2023 and is expected to reach USD 250,335.4 million by 2031 while growing at a CAGR of 21.1% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global electric vehicle (EV) battery market growth. An Electric Vehicle (EV) Battery is a specialized rechargeable battery designed to power electric vehicles, replacing internal combustion engines and liquid fuels. These batteries serve as the energy storage system, providing the necessary energy for electric vehicles by storing and releasing electricity to propel the vehicle.

Increasing environmental consciousness among consumers and ongoing advancements in battery technology drive the electric vehicle (EV) battery market's growth. However, obstacles like high initial cost, limited driving range, and charging infrastructure may hinder further market expansion.

Furthermore, the global electric vehicle (EV) battery industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Electric Vehicle (EV) Battery Market is segmented among Lithium-Ion Battery, Lead-Acid Battery, and Others, based on Type. In 2023, Lithium-Ion Battery accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Propulsion Type Analysis

The Global Electric Vehicle (EV) Battery Market is segmented among Battery Electric Vehicle (BEV), and Plug-In Hybrid Electric Vehicle (PHEV), based on Propulsion Type. In 2023, Battery Electric Vehicle (BEV) accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Electric Vehicle (EV) Battery Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Contemporary Amperex Technology Co., Limited (CATL), LG Energy Solution, BYD Company Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., SK Innovation Co., Ltd., Toshiba Corporation, EnerSys, Inc., Hitachi, Ltd., and Mitsubishi Corporation

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Electric Vehicle (EV) Battery Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Electric Vehicle (EV) Battery Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Electric Vehicle (EV) Battery Market Segmentation, By Type

• Global Electric Vehicle (EV) Battery Market Share Analysis, By Type

• Global Electric Vehicle (EV) Battery Market Growth Analysis, By Type

• Global Electric Vehicle (EV) Battery Market Trends, By Type

o Lithium-Ion Battery

o Lead-Acid Battery

o Others (Solid-state Battery, Nickel-Metal Hydride, Sodium-ion Battery)

6. Global Electric Vehicle (EV) Battery Market Segmentation, By Propulsion Type

• Global Electric Vehicle (EV) Battery Market Share Analysis, By Propulsion Type

• Global Electric Vehicle (EV) Battery Market Growth Analysis, By Propulsion Type

• Global Electric Vehicle (EV) Battery Market Trends, By Propulsion Type

o Battery Electric Vehicle (BEV)

o Plug-In Hybrid Electric Vehicle (PHEV)

7. Global Electric Vehicle (EV) Battery Market Segmentation, By Vehicle Type

• Global Electric Vehicle (EV) Battery Market Share Analysis, By Vehicle Type

• Global Electric Vehicle (EV) Battery Market Growth Analysis, By Vehicle Type

• Global Electric Vehicle (EV) Battery Market Trends, By Vehicle Type

o Two-Wheeler

o Passenger Cars

o Buses

o Commercial Light Duty Vehicles

Ø Three-Wheeler

Ø Four-Wheeler

o Others (Trucks, Trailers)

8. Global Electric Vehicle (EV) Battery Market Segmentation, By Region

• Global Electric Vehicle (EV) Battery Market Share Analysis, By Region

• Global Electric Vehicle (EV) Battery Market Growth Analysis, By Region

• Global Electric Vehicle (EV) Battery Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Contemporary Amperex Technology Co., Limited (CATL)*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• LG Energy Solution

• BYD Company Ltd.

• Panasonic Corporation

• Samsung SDI Co., Ltd.

• SK Innovation Co., Ltd.

• Toshiba Corporation

• EnerSys, Inc.

• Hitachi, Ltd.

• Mitsubishi Corporation.

*Similar analysis will be provided for each company listed above.