Global Electrical Vehicle Battery Market

Sep 2023| FCB063A| BCC Publishing
Sample Report

Report Highlights

The global electric vehicle batteries market should reach $161.3 billion by 2028 from $66.4 billion in 2023 at a compound annual growth rate (CAGR) of 19.4% for the forecast period of 2023 to 2028.

Report Includes

  • 47 data tables and 51 additional tables
  • An overview of the global markets for electrical vehicle battery
  • Estimation of market size and analyses of global market trends, with data from 2022, estimates for 2023 and 2024, and projections of compound annual growth rates (CAGRs) through 2028
  • Highlights of the market potential and characterization of electrical vehicle battery market by battery type, propulsion, vehicle type, method, battery capacity, battery form, material type and region
  • Insights into government initiatives, laws, and incentives to encourage electric vehicle usage and information on significant improvements in battery chemistry, materials, and manufacturing techniques
  • Description of gigafactories, the companies who run them and discussion on how they help in improving battery production capacity resulting in low cost and easy availability of EV batteries
  • Coverage of emerging technologies and developments of the industry
  • Evaluation of key industry acquisitions and strategic alliances and market share analysis of the leading suppliers of the industry
  • Profiles of the key companies of the industry, including BYD Co. Ltd., LG Chem, Mitsubishi Corp., Panasonic Holdings Corp. and Toshiba Corp.

Report Scope

This report provides an analysis of the global market for electric vehicle batteries. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. This report also offers insights on drivers and opportunities for the market, which were gathered through primary and secondary research. It also covers various market factors, including COVID-19 impact, the Russia-Ukraine war, Porter’s five forces, use case analysis, and the regulatory landscape.

The report has been prepared in a simple, easy-to-understand format, with some tables and charts/figures. The report’s scope includes a detailed study of global and regional markets for battery type, propulsion, vehicle type, method, battery capacity, battery form, and material type. The qualitative and quantitative data of all segments are provided in the report. The report examines each segment, determines its current market size, and estimates its future market size with compound annual growth rates (CAGR).

The report also provides detailed profiles of the significant electric vehicle battery players and their strategies to enhance their market presence. The report also includes a competitive landscape chapter that discusses the market ecosystem of the top electric vehicle battery provider in 2022.

Frequently Asked Questions (FAQs)

The global electric vehicle battery market was valued at $58.4 billion in 2022 and is expected to reach $161.3 billion by 2028 with a CAGR of 19.4%.
  • Reduction of carbon emissions.
  • Cost Reductions for EV batteries.
  • Growing demand for clean energy.
  • Increase Demand for Electric Vehicles (HEVs, PHEVs, Pure EVs, and FCEVs).
The electric vehicle battery market is segmented based on battery type, propulsion, vehicle type, bonding method, battery capacity, battery form, material type, and region.
The lithium-ion and advanced battery segment will dominate the market by 2028.
Asia-Pacific holds the highest share of the global market.
Key companies in the market include BYD Company Ltd, Contemporary Amperex Technology Co. Limited, China Aviation Lithium Battery Technology Co., Ltd., Clarios, Enersy, and Envision AESC Group Ltd. LG chem, Mitsubishi Corporation, E-One Moli Energy Corp, Panasonic Holdings Corporation, Samsung SDI Co Ltd, SK ON Co., Ltd, Toshiba Corporation, Vehicle Energy Japan Co Ltd, Primearth Ev Energy Co., Ltd, and others.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $58.4 billion
Market size forecast $161.3 billion
Growth rate CAGR of 19.4%
Units considered $ Billions
Segments covered Battery Type, Propulsion, Vehicle Type, Bonding Method, Battery Capacity, Battery Form, Material Type, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (ROW)
Countries covered U.S., Canada, Mexico, Germany, France, Norway, U.K., Netherlands, Rest of Europe, China, India, Japan, South Korea, Rest of Asia-Pacific, South America, Middle East and Africa
Key Market Drivers
  • Increase in Demand for Electric Vehicles (HEVs, PHEVs, Pure EVs, and FCEVs)
  • Cost Reductions for EV Batteries
  • Growing Demand for Clean Energy
  • Reduction of Carbon Emissions
Companies studied
  • BYD CO. LTD.
  • SK ON CO. LTD.

Table of Contents & Pricing

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at
. Title/Chapter NamePagesPrice Member Price
Full Report: Global Electrical Vehicle Battery Market302 $5,500 Free
Chapter- 1: Introduction14Free DownloadFree
Chapter- 2: Summary and Highlights4$250Free
Chapter- 3: Market Overview13$238Free
Chapter- 4: Market Dynamics10$183Free
Chapter- 5: Market Breakdown by Type of Battery12$220Free
Chapter- 6: Market Breakdown by Type of Propulsion18$330Free
Chapter- 7: Market Breakdown by Type of Vehicle17$312Free
Chapter- 8: Market Breakdown by Bonding Method5$92Free
Chapter- 9: Market Breakdown by Battery Capacity8$147Free
Chapter- 10: Market Breakdown by Battery Form6$110Free
Chapter- 11: Market Breakdown by Type of Material9$165Free
Chapter- 12: Market Breakdown by Region75$1,375Free
Chapter- 13: ESG Development19$348Free
Chapter- 14: Emerging Technologies and Developments9$165Free
Chapter- 15: Patent Analysis9$165Free
Chapter- 16: M&A and Funding Outlook7$128Free
Chapter- 17: Competitive Landscape15$275Free
Chapter- 18: Company Profiles50$917Free
Chapter- 19: Appendix: Acronyms2$37Free
Global Electrical Vehicle Battery Market

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