Electric Vehicle Battery Market 2021 – 2022 | Scope, Revenue, Trends, Drivers, Challenges, and Competitive Landscape

Electric vehicle batteries are extremely important for electric drive kind of vehicle which comprises hybrid electric vehicles, all electric vehicles as well as the plug-in variety of hybrid electric vehicle. In only China itself there are more than a hundred electric vehicle battery manufacturers and the market value is estimated to reach a value of close to 240 billion dollars in the next two decades, while by 2020 it is estimated to be about 37 billion dollars. These batteries are usually secondary batteries and are made to provide power over sustained periods of time.

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Market Dynamics:-
The major growth driver behind the surge in the market size and value of electric vehicles is the fact that electric vehicles will account for around 40% of the entire world’s vehicle purchases in the next two decades. This prediction stems from the fact that various countries throughout the world are now intently focusing on keeping public transportation infrastructure as pollution free as possible, mostly in case of the cities which are densely polluted. Air pollution is a major concern that acts as a growth driver for electric cars and consequently electric vehicle batteries.

Market Segmentation:-
Electric vehicle batteries can be classified on the basis of their type or their capacity.In terms of type they are classified as:-

i) Lead- Acid: – These are the most inexpensive and are commonly available and are traditionally preferred owing to their lower cost, higher availability and evolved technology.

ii) Nickel Metal Hydride:- Their technology has also evolved over time but are preferred less over lead-acid batteries owing to their relatively lesser efficiency when it comes to charging and discharging.
iii) Zebra: – These batteries are somewhat less used due to their poorer power density which reduces the charge storage time.
iv) Lithium ion: – These are used most frequently in modern day electric cars.

In terms of capacity they can be classified as full electric, non plug-in hybrids and plug-in hybrids.

Regional/ Geographic Analysis:-
Geographically speaking Asia Pacific has been the major manufacturer in this space, followed closely by North America and Europe. China, Japan and South Korea in Asia Pacific have been the major exporters to European countries. In this context Europe is expected to see a major growth..

Key Players:-
The main players who operate in this space of electric vehicle batteries are BYD Company Limited, Panasonic Corporation, Lithium Energy and Power GmbH & Co. KG, LG Chem., Hitachi Vehicle Energy Ltd., Zhejiang Tianneng Energy Technology Co. Ltd., Tianneng Power International Co. Ltd, Automotive Energy Supply Corporation and Shenzhen Bak Battery Co. Ltd.

The report contains comprehensive analysis on:-
Electric vehicle battery market Segments
Electric vehicle battery market Drivers, Restraints and Opportunities
Electric vehicle battery market Size & Forecast 2016 to 2022

Supply & Demand Value Chain
Electric vehicle battery market Current Trends
Competition &Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

Regional analysis for Electric vehicle battery market includes :-
North America
US and Canada
Latin America

Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

Report Highlights:
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage

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