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Electric Vehicle Batteries Global Market Report 2020-30: Covid 19 Growth and Change

Region:Global

Author(s):

Product Code:7459

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Published on

May 2020

Total pages

200

Table of Content

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About the Report

About the Report

Major players in the electric vehicles batteries market are Panasonic Corporation, Mitsubishi Motors Corporation, Beijing Pride New Energy Battery Technology Co., Ltd, Automotive Energy Supply Corporation, BYD Company Ltd, Daimler AG, Robert Bosch GmbH, SAMSUNG SDI CO, Tianneng Power International Co., Ltd, and Johnson Controls.
 
The global electric vehicle batteries market is expected to decline from USD 23.17 billion in 2019 to USD 22.24 billion in 2020 at a compound annual growth rate (CAGR) of -6.17%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach USD 35.36 billion in 2023 at CAGR of 16.71%.
 
The electric vehicles batteries market consists of sales of electric vehicle batteries. Electric vehicles batteries are used to power the electronic vehicles and are rechargeable in nature. These batteries support the clean energy initiative as they don't emit any harmful gases which causes damage to the environment.
 
Asia Pacific was the largest market in the electric vehicles batteries market in 2019.
 
The charging of Electric vehicle batteries using Vehicle to grid technology is expected to gain traction in EV batteries Market. Vehicle to grid technology is a Bi-directional charging system technology in which plug-in electric vehicles like battery electric vehicles (BEV), plug-in hybrids (PHEV) or hydrogen fuel cell electric vehicles (FCEV) batteries' can communicate with the power grid for either returning electricity to the grid, to homes during the peak times or increase their charging rate to discharge and charge the battery accordingly. The new vehicle released by the Nissan along with ENEL X the Nissan leaf in October 2017 in Japan for the model year 2018 uses Vehicle to grid Technology which can be used to power the home during times of need or push back energy to the grid that is to sell the electricity to the gird. Thus, Vehicle to grid technology is anticipated to be a major trend in the electric battery market.
 
The EV batteries market covered in this report is segmented by battery type into lithium-ion, lead-acid, nickel-metal hydride, sodium-ion, others and by vehicle type into passenger vehicles, commercial vehicles.
 
The extraction of raw materials like lithium cobalt used in the electric vehicle battery has a harmful effect on the environment and governments impose restrictions on mining the raw materials, hindering the growth of the market. The extraction process of one ton of lithium requires 50,000 gallons of water. Lithium mining has resulted in the consumption of 65% water of the Salar de Atacama region, Chile, which has led to water shortages in Chile, South America along with severe toxic spills. As the demand upsurges, the mining activity also rises with increasing damage to the environment and will force the governments to enforce stringent regulation to curb the negative effects which would increase the production cost. Therefore, the harmful effect of electric vehicle batteries on the environment is expected to be a hindrance to the electric vehicle battery market over the coming years.
 
In May 2019, Tesla, the American based clean energy and electric vehicle company have acquired San-Diego based batteries and ultra-capacitor maker Maxwell technologies for USD 235.0 million. This Deal gives Tesla access to the patented technology of Maxwell-the dry cathode technology, which would allow Tesla to develop its own set of battery cells with high density and durability. Maxwell technologies are considered to be the pioneers in the area of supercapacitors, their dry battery electrode technology is projected to improve the battery energy capacity by 50.0%, which in effect will double the battery life.
 
Advances in electric vehicles (EV) batteries and their associated technologies are attracting the interests of individuals to purchase EVs, contributing to the growth of the EV batteries. Recent advancements such as lithium-ion batteries, fast charging, and better mileage have helped electric cars become more passenger-friendly. According to the United States Department of Energy, the range of average electric car have increased to 171% in 7 years which was 73 miles in 2011 to 125 miles in 2018. Moreover, technological developments are contributing to reduced prices of electronic batteries. According to the Bloomberg report, battery prices that were above USD 1,100 in 2010 have fallen by 87% to USD 156 per kilowatt-hour in 2019 and is likely to decline to USD 100 per kilowatt-hour by the end of 2023. Therefore, the advances in electronic battery and its associated technologies increase the vehicles mileage and draws more customers driving the electronic battery market.
 

Products

Products

1) By Battery Type: Lithium-Ion; Lead-Acid; Nickel-Metal Hydride; Sodium-Ion; Others 2) By Vehicle Type: Passenger Vehicles; Commercial Vehicles


Companies

Panasonic Corporation; Mitsubishi Motors Corporation; Beijing Pride New Energy Battery Technology Co., Ltd; Automotive Energy Supply Corporation; BYD Company Ltd; Daimler AG; Robert Bosch GmbH; SAMSUNG SDI CO; Tianneng Power International Co., Ltd; Johnson Controls; GS Yuasa International Ltd; Hitachi, Ltd; CATL

Table of Contents

Table of Contents

1. Executive Summary

2. Electric Vehicle Batteries Market Characteristics

3. Electric Vehicle Batteries Market Size And Growth

3.1. Global Electric Vehicle Batteries Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Electric Vehicle Batteries Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Electric Vehicle Batteries Market Segmentation

4.1. Global Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Lithium-Ion

Lead-Acid

Nickel-Metal Hydride

Sodium-Ion

Others

4.2. Global Electric Vehicle Batteries Market, Segmentation By Vehicle Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Passenger Vehicles

Commercial Vehicles

5. Electric Vehicle Batteries Market Regional And Country Analysis

5.1. Global Electric Vehicle Batteries Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Electric Vehicle Batteries Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Electric Vehicle Batteries Market

6.1. Asia-Pacific Electric Vehicle Batteries Market Overview

6.2. Asia-Pacific Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Electric Vehicle Batteries Market

7.1. China Electric Vehicle Batteries Market Overview

7.2. China Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Electric Vehicle Batteries Market

8.1. India Electric Vehicle Batteries Market Overview

8.2. India Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Electric Vehicle Batteries Market

9.1. Japan Electric Vehicle Batteries Market Overview

9.2. Japan Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Electric Vehicle Batteries Market

10.1. Australia Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Electric Vehicle Batteries Market

11.1. Indonesia Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Electric Vehicle Batteries Market

12.1. South Korea Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Electric Vehicle Batteries Market

13.1. Western Europe Electric Vehicle Batteries Market Overview

13.2. Western Europe Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Electric Vehicle Batteries Market

14.1. UK Electric Vehicle Batteries Market Overview

14.2. UK Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Electric Vehicle Batteries Market

15.1. Germany Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Electric Vehicle Batteries Market

16.3. France Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Electric Vehicle Batteries Market

17.1. Eastern Europe Electric Vehicle Batteries Market Overview

17.2. Eastern Europe Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Electric Vehicle Batteries Market

18.1. Russia Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Electric Vehicle Batteries Market

19.1. North America Electric Vehicle Batteries Market Overview

19.2. North America Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Electric Vehicle Batteries Market

20.1. USA Electric Vehicle Batteries Market Overview

20.2. USA Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Electric Vehicle Batteries Market

21.1. South America Electric Vehicle Batteries Market Overview

21.2. South America Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Electric Vehicle Batteries Market

22.1. Brazil Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Electric Vehicle Batteries Market

23.1. Middle East Electric Vehicle Batteries Market Overview

23.2. Middle East Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Electric Vehicle Batteries Market

24.1. Africa Electric Vehicle Batteries Market Overview

24.2. Africa Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Electric Vehicle Batteries Market Competitive Landscape And Company Profiles

25.1. Electric Vehicle Batteries Market Competitive Landscape

25.2. Electric Vehicle Batteries Market Company Profiles

25.2.1. Panasonic Corporation

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Mitsubishi Motors Corporation

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Beijing Pride New Energy Battery Technology Co., Ltd

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Automotive Energy Supply Corporation

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. BYD Company Ltd

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Electric Vehicle Batteries Market

27. Electric Vehicle Batteries Market Trends And Strategies

28. Electric Vehicle Batteries Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Electric Vehicle Batteries Market, Segmentation By Vehicle Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Electric Vehicle Batteries Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Electric Vehicle Batteries Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Asia-Pacific, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: China, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: India, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: Japan, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Australia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Indonesia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: South Korea, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: Western Europe, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: UK, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: Germany, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: France, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Eastern Europe, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Russia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: North America, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: USA, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: South America, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: Brazil, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Middle East, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Africa, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Panasonic Corporation Financial Performance

Figure 27: Mitsubishi Motors Corporation Financial Performance

Figure 28: Beijing Pride New Energy Battery Technology Co., Ltd Financial Performance

Figure 29: Automotive Energy Supply Corporation Financial Performance

Figure 30: BYD Company Ltd Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Electric Vehicle Batteries Market, Segmentation By Vehicle Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Electric Vehicle Batteries Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Electric Vehicle Batteries Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Asia-Pacific, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: China, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: India, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: Japan, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Australia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Indonesia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: South Korea, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: Western Europe, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: UK, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: Germany, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: France, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Eastern Europe, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Russia, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: North America, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: USA, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: South America, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: Brazil, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Middle East, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Africa, Electric Vehicle Batteries Market, Segmentation By Battery Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Panasonic Corporation Financial Performance

Table 27: Mitsubishi Motors Corporation Financial Performance

Table 28: Beijing Pride New Energy Battery Technology Co., Ltd Financial Performance

Table 29: Automotive Energy Supply Corporation Financial Performance

Table 30: BYD Company Ltd Financial Performance

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