Electric Vehicle (EV) Battery Market
Electric Vehicle (EV) Battery Market Analysis by Lithium-ion Batteries, Lead Acid Batteries, and Nickel Hydride Batteries for Passenger Cars, Commercial Vehicles, and Two Wheelers from 2023 to 2033
Analysis of Electric Vehicle (EV) Battery Market Covering 30+ Countries Including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electric Vehicle (EV) Battery Market Outlook (2023 to 2033)
The global electric vehicle (EV) battery market is projected to expand at a prolific CAGR of 18.5% and reach a valuation of US$ 347 billion by the end of 2033, up from US$ 63.55 billion in 2023.
A battery is an essential component of any electric vehicle (EV). A battery is a device that uses an electrochemical process to transform chemical energy into electric energy. In an electrical circuit, an electrochemical reaction happens when electrons move from one substance to another. A battery is usually made to meet all of the needs of the charging system needed by an electric vehicle. A typical EV battery pack is made up of blocks of 18 to 30 parallel cells connected in series to produce the required propulsion voltage.
- Increased consumer awareness of the benefits of EVs, evolving lifestyles, rapid urbanization, and rising disposable income are anticipated to push the sales of electric vehicles, thereby driving the need for more EV batteries.
- Deployment of electric vehicle batteries in passenger cars is expected to increase at a CAGR of 18.6% over the forecast period owing to stricter emission rules by several governments around the world.
For electric vehicles to be capable of long-distance commuting, several charging stations are essential. However, a comprehensive electrification program has yet to be put into place for all types of transport vehicles, including automobiles, two-wheelers, public transport vehicles, and freight delivery trucks.
Longer-range electric vehicles are more practical for people who travel over longer distances. Due to improvements in battery technology and electric car battery charger efficiency, high-speed charging will also become a reality, reducing downtime while driving. As a result, the market will be driven by rising EV demand.
Increased demand for electric cars, improvements in battery technology, favorable government policies and regulations, and the release of new plug-in EV models are some of the reasons propelling the market for EV batteries. Sales have been influenced by a significant increase in demand for zero-emission vehicles as a result of rising fuel prices, the depletion of fossil fuel reserves, and tightening pollution rules.
The future of the electric vehicle battery business will be more promising as manufacturers reorient their efforts toward cutting-edge technology and establish strategic partnerships with automotive OEMs. Manufacturers are considering alternative energy sources to power vehicles in response to growing environmental concerns such as global warming and rising pollution levels.
| Report Attributes | Details |
|---|---|
| Electric Vehicle Battery Market Size (2023) | US$ 63.55 Billion |
| Projected Market Value (2033) | US$ 347 Billion |
| Global Market Growth Rate (2023 to 2033) | 18.5% CAGR |
| Market Share of Lithium-ion Batteries (2023) | 63% |
| Japan Market Size (2033) | US$ 10.76 Billion |
| Germany Market Growth Rate (2023 to 2033) | 19.8% CAGR |
| Market Share of Passenger Cars (2023) | 82% |
| South Korea Market Growth Rate (2023 to 2033) | 19.7% CAGR |
| United States Market Size (2023) | US$ 4.38 Billion |
| Key Companies Profiled | CATL; LG Energy Solution; BYD; Panasonic; SK on; Samsung SDI; CALB; Guoxuan; Sunwoda; SVOLT |
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Which are the Key Elements Contributing to Electric Vehicle Battery Market Growth?
“Rapidly Rising Sales of Plug-in EV Models”
The market for electric vehicles is rapidly growing on a global scale. Major automakers are entering the market as a result of the rising demand for EVs, which will ultimately boost the need for EV batteries. Leading producers are creating electric car models to boost their market share. The attention of major manufacturers in the industry is expected to boost the development of electric vehicles.
“Surging E-mobility Trends to Push EV Battery Sales”
The e-mobility trend is predicted to gain pace due to rising electric car sales over the coming years. Market growth is driven by the continued deployment of integrated charging stations and the development of green power production capacities.
Strategic collaborations between e-mobility providers, battery manufacturers, and energy suppliers are boosting sales of electric vehicle batteries. Automakers are simultaneously promoting technological breakthroughs to guarantee that the propulsion systems in their electric vehicles are powerful.
“Introduction of Battery-as-a-service (BaaS) Model”
Manufacturers are creating commercial models such as battery swapping and battery-as-a-service (BaaS) that allow users to replace or exchange electric vehicle batteries after they have run out. This decreases the amount of time users spend charging their batteries, improving customer satisfaction and reducing one of the main obstacles keeping customers from purchasing EVs.
As it saves EV customers time from needing to charge their batteries, battery swapping at EV charging stations has grown in popularity. Battery switching has become popular as an alternative to rapid charging stations over the past several years.
How is Market Growth Being Restrained to Some Extent?
“Fluctuating Raw Material Prices”
Rechargeable lithium-ion battery pack demand has grown significantly during the past several years. Lead, cobalt, and other raw elements used to create batteries are in inconsistent supply. It is also projected that market expansion will be significantly hampered by fluctuating raw material prices used in the production of EV batteries.
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What are New Market Entrants Doing to Enhance Their Profit Margins?
“Start-ups Focusing on Introducing Low-cost and High-performance Batteries”
New companies are investing in R&D to diversify their product offerings, which will drive the market for electric vehicle batteries. Aspiring market players are concentrating on introducing low-cost and high-performance batteries to make a mark in this industry.
- Northvolt, a start-up based in Sweden, offers lithium-ion batteries for electric cars. To produce low-cost lithium-ion batteries for use in electric and off-road vehicles, the platform is presently concentrating on discovering novel production processes. It offers customized cells that are enhanced for various applications, battery systems, and more.
Country-wise Insights
What is Driving the Sales of Electric Vehicle Batteries in the United States?
“Strict Government Regulations Regarding Emissions”
- Demand for electric vehicle batteries in the United States is expected to develop at a stupendous CAGR of 19.2% over the projection period.
The United States has established a dominant position in the electric vehicle battery landscape. Continuing development of electric vehicles is intensifying competition among industry participants, translating into a flurry of product launches.
Growing sales of electric vehicles, strict government regulations regarding emissions, and the presence of well-known electric vehicle manufacturers are supporting market expansion. Market growth is aided by rising consumer demand for environmentally friendly products and the rising uptake of cutting-edge technology.
How is Demand for Electric Vehicle Batteries Shaping Up in Germany?
“Increase in Gigafactories Driving Market Value”
- The market in Germany is valued at US$ 2.8 billion in 2023.
Germany is anticipated to remain at the forefront of the European EV battery industry. An increase in gigafactories, the high adoption of electric transportation, an advantageous regulatory environment along with the provided subsidies, incentives, and tax benefits for the adoption of EVs are the factors projected to boost market expansion over the coming years.
Will Japan Be an Opportune Market for Providers of Electric Vehicle Batteries?
“Rising Investments in Construction of Charging Infrastructure”
- Sales of electric vehicle batteries in Japan are set to surge at a CAGR of 19.3% through 2033.
Market expansion is attributed to rising government incentives to promote EV production and easy availability of low-cost labor. The market is primarily driven by a large consumer base, a rise in investments in the construction of charging infrastructure, and expanding government initiatives to encourage the adoption of electric vehicles.
What Supporting Increasing EV Battery Sales in South Korea?
“Increasing Localized Manufacturing of Battery Raw Materials, Parts, and Components”
- The market in South Korea is slated to reach US$ 11.1 billion by 2033.
Presence of OEMs in the country provides the potential for the EV battery market to flourish. Increasing localized manufacturing of battery raw materials, parts, and components and growing consumer awareness of renewable energy sources are the key factors expected to have a favorable effect on revenue growth.
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Category-wise Insights
Why are Lithium-ion Batteries So Popular?
“Lithium-ion Batteries Have High Energy Density and Need Low Maintenance”
The market is segmented into lithium-ion batteries, lead acid batteries, nickel hydride batteries, and other batteries by battery type.
- Lithium-ion batteries account for 63% share of the global market.
Lithium-ion batteries are becoming more popular, mostly because of their advantageous capacity-to-weight ratio. High energy density, charge retention capacity, and low maintenance are a few advantages that have driven the rise of lithium-ion batteries in the battery industry.
Rising demand for lightweight, high-energy-density batteries for effective electric cars is predicted to boost the sales of lithium-ion batteries. All pure electric cars and hybrid electric vehicles now use lithium-ion batteries as their main power source. In comparison to previous battery technologies, lithium-ion batteries are far safer, and all battery manufacturers comply with strict safety regulations to safeguard customers in the case of a battery failure.
Competitive Landscape
Top manufacturers of electric vehicle batteries are focusing on new developments, quality control, product standards, collaborations, and supply chain management. Top automakers are concentrating on forming strategic alliances with battery producers to secure a stable supply of batteries.
For instance,
- In 2021, Panasonic introduced its new Tesla-specific 4680 battery cell. According to the manufacturer, the new battery offers six times higher power capacity and five times more energy. A new battery cell may also be less expensive, have great efficiency, and have a long range in tiny battery packs.
Key Segments of Electric Vehicle Battery Industry Research
-
By Battery Type :
- Lithium-ion Batteries
- Lithium Cobalt Oxide Batteries
- Lithium Magnesium Oxide Batteries
- Lithium Iron Phosphate Batteries
- Lithium Nickle Manganese Cobalt Oxide Batteries
- Lithium Nickle Cobalt Aluminium Oxide Batteries
- Lithium Titanate Batteries
- Lead Acid Batteries
- Nickel Hydride Batteries
- Other Batteries
- Lithium-ion Batteries
-
By Power Source :
- Stored Electricity
- On-board Electric Generators
-
By Powertrain :
- Series
- Parallel
- Combined
-
By Vehicle Type :
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
- Others
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Analysis and Forecast By Power Source
- 3.1. Stored Electricity
- 3.2. On Board Electric Generator
- 4. Market Analysis and Forecast By Powertrain
- 4.1. Series Hybrid
- 4.2. Parallel Hybrid
- 4.3. Combined Hybrid
- 5. Market Analysis and Forecast By Vehicle Type
- 5.1. Passenger Cars
- 5.2. Commercial Vehicles
- 5.3. Two Wheelers
- 5.4. Others (Golf Cart etc.)
- 6. Market Analysis and Forecast By Region
- 6.1. North America
- 6.2. Latin America
- 6.3. Europe
- 6.4. Japan
- 6.5. APEJ
- 6.6. MEA
- 7. North America Market Analysis and Forecast, By Country, 2018 to 2033
- 8. Latin America Market Analysis and Forecast, By Country, 2018 to 2033
- 9. Europe Market Analysis and Forecast, By Country, 2018 to 2033
- 10. Japan Market Analysis and Forecast, By Country, 2018 to 2033
- 11. APEJ Market Analysis and Forecast, By Country, 2018 to 2033
- 12. MEA Market Analysis and Forecast, By Country, 2018 to 2033
- 13. Market Company Share, Competition Landscape and Company Profiles
- 13.1. Bayerische Motoren Werke AG
- 13.2. Daimler AG
- 13.3. Ford Motor Company
- 13.4. General Motors
- 13.5. Honda Motor Company, Limited
- 13.6. Mitsubishi Heavy Industries Ltd
- 13.7. Nissan Motor Corporation, Limited
- 13.8. Renault SA
- 13.9. Tesla Motors, Inc.
- 13.10. Toyota Motor Corporation
- 13.11. Volkswagen AG
- 14. Research Methodology
- 15. Secondary and Primary Sources
- 16. Assumptions and Acronyms
- 17. Disclaimer
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List Of Table
TABLE 1: Electric Vehicle Battery Market Value (US$ Mn), 2018 to 2022
TABLE 2: Electric Vehicle Battery Market Value (US$ Mn), 2023 to 2033
TABLE 3: Electric Vehicle Battery Market Value (US$ Mn) and Y-o-Y, 2015 to 2033
TABLE 4: Global Stored Electricity Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 5: Global Stored Electricity Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 6: Global Stored Electricity Segment Market Share, By Region 2018 to 2022
TABLE 7: Global Stored Electricity Segment Market Share, By Region 2023 to 2033
TABLE 8: Global Stored Electricity Segment Y-o-Y, By Region 2015 to 2033
TABLE 9: Global On Board Electric Generator Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 10: Global On Board Electric Generator Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 11: Global On Board Electric Generator Segment Market Share, By Region 2018 to 2022
TABLE 12: Global On Board Electric Generator Segment Market Share, By Region 2023 to 2033
TABLE 13: Global On Board Electric Generator Segment Y-o-Y, By Region 2015 to 2033
TABLE 14: Global Series Hybrid Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 15: Global Series Hybrid Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 16: Global Series Hybrid Segment Market Share, By Region 2018 to 2022
TABLE 17: Global Series Hybrid Segment Market Share, By Region 2023 to 2033
TABLE 18: Global Series Hybrid Segment Y-o-Y, By Region 2015 to 2033
TABLE 19: Global Parallel Hybrid Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 20: Global Parallel Hybrid Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 21: Global Parallel Hybrid Segment Market Share, By Region 2018 to 2022
TABLE 22: Global Parallel Hybrid Segment Market Share, By Region 2023 to 2033
TABLE 23: Global Parallel Hybrid Segment Y-o-Y, By Region 2015 to 2033
TABLE 24: Global Combined Hybrid Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 25: Global Combined Hybrid Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 26: Global Combined Hybrid Segment Market Share, By Region 2018 to 2022
TABLE 27: Global Combined Hybrid Segment Market Share, By Region 2023 to 2033
TABLE 28: Global Combined Hybrid Segment Y-o-Y, By Region 2015 to 2033
TABLE 29: Global Passenger Cars Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 30: Global Passenger Cars Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 31: Global Passenger Cars Segment Market Share, By Region 2018 to 2022
TABLE 32: Global Passenger Cars Segment Market Share, By Region 2023 to 2033
TABLE 33: Global Passenger Cars Segment Y-o-Y, By Region 2015 to 2033
TABLE 34: Global Commercial Vehicles Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 35: Global Commercial Vehicles Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 36: Global Commercial Vehicles Segment Market Share, By Region 2018 to 2022
TABLE 37: Global Commercial Vehicles Segment Market Share, By Region 2023 to 2033
TABLE 38: Global Commercial Vehicles Segment Y-o-Y, By Region 2015 to 2033
TABLE 39: Global Two Wheelers Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 40: Global Two Wheelers Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 41: Global Two Wheelers Segment Market Share, By Region 2018 to 2022
TABLE 42: Global Two Wheelers Segment Market Share, By Region 2023 to 2033
TABLE 43: Global Two Wheelers Segment Y-o-Y, By Region 2015 to 2033
TABLE 44: Global Others (Golf Cart etc.) Segment Value (US$ Mn), By Region 2018 to 2022
TABLE 45: Global Others (Golf Cart etc.) Segment Value (US$ Mn), By Region 2023 to 2033
TABLE 46: Global Others (Golf Cart etc.) Segment Market Share, By Region 2018 to 2022
TABLE 47: Global Others (Golf Cart etc.) Segment Market Share, By Region 2023 to 2033
TABLE 48: Global Others (Golf Cart etc.) Segment Y-o-Y, By Region 2015 to 2033
TABLE 49: North America Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 50: North America Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 51: North America Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 52: North America Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 53: North America Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 54: North America Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 55: Latin America Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 56: Latin America Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 57: Latin America Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 58: Latin America Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 59: Latin America Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 60: Latin America Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 61: Europe Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 62: Europe Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 63: Europe Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 64: Europe Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 65: Europe Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 66: Europe Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 67: Japan Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 68: Japan Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 69: Japan Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 70: Japan Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 71: Japan Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 72: Japan Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 73: APEJ Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 74: APEJ Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 75: APEJ Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 76: APEJ Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 77: APEJ Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 78: APEJ Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 79: MEA Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 80: MEA Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 81: MEA Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 82: MEA Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 83: MEA Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 84: MEA Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 85: US Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 86: US Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 87: US Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 88: US Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 89: US Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 90: US Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 91: Canada Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 92: Canada Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 93: Canada Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 94: Canada Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 95: Canada Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 96: Canada Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 97: Brazil Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 98: Brazil Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 99: Brazil Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 100: Brazil Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 101: Brazil Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 102: Brazil Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 103: Mexico Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 104: Mexico Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 105: Mexico Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 106: Mexico Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 107: Mexico Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 108: Mexico Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 109: Argentina Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 110: Argentina Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 111: Argentina Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 112: Argentina Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 113: Argentina Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 114: Argentina Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 115: Germany Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 116: Germany Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 117: Germany Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 118: Germany Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 119: Germany Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 120: Germany Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 121: UK Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 122: UK Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 123: UK Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 124: UK Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 125: UK Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 126: UK Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 127: France Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 128: France Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 129: France Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 130: France Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 131: France Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 132: France Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 133: Spain Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 134: Spain Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 135: Spain Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 136: Spain Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 137: Spain Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 138: Spain Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 139: Italy Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 140: Italy Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 141: Italy Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 142: Italy Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 143: Italy Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 144: Italy Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 145: Rest of Europe Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 146: Rest of Europe Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 147: Rest of Europe Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 148: Rest of Europe Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 149: Rest of Europe Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 150: Rest of Europe Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 151: Japan Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 152: Japan Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 153: Japan Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 154: Japan Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 155: Japan Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 156: Japan Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 157: China Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 158: China Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 159: China Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 160: China Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 161: China Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 162: China Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 163: India Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 164: India Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 165: India Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 166: India Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 167: India Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 168: India Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 169: Malaysia Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 170: Malaysia Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 171: Malaysia Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 172: Malaysia Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 173: Malaysia Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 174: Malaysia Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 175: Thailand Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 176: Thailand Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 177: Thailand Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 178: Thailand Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 179: Thailand Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 180: Thailand Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 181: Singapore Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 182: Singapore Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 183: Singapore Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 184: Singapore Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 185: Singapore Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 186: Singapore Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 187: Australia Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 188: Australia Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 189: Australia Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 190: Australia Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 191: Australia Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 192: Australia Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 193: GCC Countries Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 194: GCC Countries Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 195: GCC Countries Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 196: GCC Countries Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 197: GCC Countries Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 198: GCC Countries Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 199: South Africa Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 200: South Africa Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 201: South Africa Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 202: South Africa Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 203: South Africa Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 204: South Africa Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 205: Israel Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 206: Israel Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 207: Israel Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 208: Israel Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 209: Israel Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 210: Israel Market Value (US$ Mn), By Vehicle Type 2023 to 2033
TABLE 211: Turkey Market Value (US$ Mn), By Power Source 2018 to 2022
TABLE 212: Turkey Market Value (US$ Mn), By Power Source 2023 to 2033
TABLE 213: Turkey Market Value (US$ Mn), By Powertrain 2018 to 2022
TABLE 214: Turkey Market Value (US$ Mn), By Powertrain 2023 to 2033
TABLE 215: Turkey Market Value (US$ Mn), By Vehicle Type 2018 to 2022
TABLE 216: Turkey Market Value (US$ Mn), By Vehicle Type 2023 to 2033
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List Of Figures
FIG. 1: Electric Vehicle Battery Market Value (US$ Mn), 2018 to 2022
FIG. 2: Electric Vehicle Battery Market Value (US$ Mn) Forecast, 2023 to 2033
FIG. 3: Electric Vehicle Battery Market Value (US$ Mn) and Y-o-Y, 2015 to 2033
FIG. 4: Global Stored Electricity Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 5: Global Stored Electricity Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 6: Global Stored Electricity Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 7: Global On Board Electric Generator Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 8: Global On Board Electric Generator Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 9: Global On Board Electric Generator Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 10: Global Series Hybrid Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 11: Global Series Hybrid Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 12: Global Series Hybrid Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 13: Global Parallel Hybrid Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 14: Global Parallel Hybrid Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 15: Global Parallel Hybrid Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 16: Global Combined Hybrid Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 17: Global Combined Hybrid Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 18: Global Combined Hybrid Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 19: Global Passenger Cars Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 20: Global Passenger Cars Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 21: Global Passenger Cars Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 22: Global Commercial Vehicles Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 23: Global Commercial Vehicles Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 24: Global Commercial Vehicles Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 25: Global Two Wheelers Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 26: Global Two Wheelers Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 27: Global Two Wheelers Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 28: Global Others (Golf Cart etc.) Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 29: Global Others (Golf Cart etc.) Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 30: Global Others (Golf Cart etc.) Segment Y-o-Y Growth Rate, By Region, 2015 to 2033
FIG. 31: North America Market Value (US$ Mn), By Power Source 2018 to 2022
FIG. 32: North America Market Value (US$ Mn), By Power Source 2023 to 2033
FIG. 33: North America Market Value (US$ Mn), By Powertrain 2018 to 2022
FIG. 34: North America Market Value (US$ Mn), By Powertrain 2023 to 2033
FIG. 35: North America Market Value (US$ Mn), By Vehicle Type 2018 to 2022
FIG. 36: North America Market Value (US$ Mn), By Vehicle Type 2023 to 2033
FIG. 37: Latin America Market Value (US$ Mn), By Power Source 2018 to 2022
FIG. 38: Latin America Market Value (US$ Mn), By Power Source 2023 to 2033
FIG. 39: Latin America Market Value (US$ Mn), By Powertrain 2018 to 2022
FIG. 40: Latin America Market Value (US$ Mn), By Powertrain 2023 to 2033
FIG. 41: Latin America Market Value (US$ Mn), By Vehicle Type 2018 to 2022
FIG. 42: Latin America Market Value (US$ Mn), By Vehicle Type 2023 to 2033
FIG. 43: Europe Market Value (US$ Mn), By Power Source 2018 to 2022
FIG. 44: Europe Market Value (US$ Mn), By Power Source 2023 to 2033
FIG. 45: Europe Market Value (US$ Mn), By Powertrain 2018 to 2022
FIG. 46: Europe Market Value (US$ Mn), By Powertrain 2023 to 2033
FIG. 47: Europe Market Value (US$ Mn), By Vehicle Type 2018 to 2022
FIG. 48: Europe Market Value (US$ Mn), By Vehicle Type 2023 to 2033
FIG. 49: Japan Electric Vehicle Battery Market Value (US$ Mn), By Power Source 2018 to 2022
FIG. 50: Japan Electric Vehicle Battery Market Value (US$ Mn), By Power Source 2023 to 2033
FIG. 51: Japan Electric Vehicle Battery Market Value (US$ Mn), By Powertrain 2018 to 2022
FIG. 52: Japan Electric Vehicle Battery Market Value (US$ Mn), By Powertrain 2023 to 2033
FIG. 53: Japan Electric Vehicle Battery Market Value (US$ Mn), By Vehicle Type 2018 to 2022
FIG. 54: Japan Electric Vehicle Battery Market Value (US$ Mn), By Vehicle Type 2023 to 2033
FIG. 55: APEJ Market Value (US$ Mn), By Power Source 2018 to 2022
FIG. 56: APEJ Market Value (US$ Mn), By Power Source 2023 to 2033
FIG. 57: APEJ Market Value (US$ Mn), By Powertrain 2018 to 2022
FIG. 58: APEJ Market Value (US$ Mn), By Powertrain 2023 to 2033
FIG. 59: APEJ Market Value (US$ Mn), By Vehicle Type 2018 to 2022
FIG. 60: APEJ Market Value (US$ Mn), By Vehicle Type 2023 to 2033
FIG. 61: MEA Market Value (US$ Mn), By Power Source 2018 to 2022
FIG. 62: MEA Market Value (US$ Mn), By Power Source 2023 to 2033
FIG. 63: MEA Market Value (US$ Mn), By Powertrain 2018 to 2022
FIG. 64: MEA Market Value (US$ Mn), By Powertrain 2023 to 2033
FIG. 65: MEA Market Value (US$ Mn), By Vehicle Type 2018 to 2022
FIG. 66: MEA Market Value (US$ Mn), By Vehicle Type 2023 to 2033
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- FAQs -
What is the current size of the electric vehicle battery market?
The global electric vehicle battery market is valued at US$ 63.55 billion in 2023.
How big will the market for electric vehicle batteries be by 2033?
Worldwide sales of electric vehicle batteries are set to reach US$ 347 billion by 2033.
What will the growth rate of the global market be from 2023 to 2033?
The market for EV batteries market is predicted to surge at a CAGR of 18.5% through 2033.
What is the expected valuation of the market in the United States for 2033?
Demand for electric vehicle batteries in the United States is predicted to reach US$ 25.33 billion by the end of 2033.
What is the estimated CAGR for the market in China?
The market in China is set to swell at a CAGR of 18.7% through 2033.
Electric Vehicle (EV) Battery Market