The "Electric Vehicle Battery Market Size" 2021 Research report presents an in-depth analysis of the Electric Vehicle Battery Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future road-map, revenue and 2028 forecast. Moreover, this research report categorizes the global Electric Vehicle Battery Market by companies, region, type and end-user industry.
The market is projected to grow from USD 27.30 billion in 2021 to USD 154.90 billion in 2028 at a CAGR of 28.1% in the 2021-2028 period.
Market Growth Drivers:
At present, the main source of power for electric vehicles is lithium-ion batteries. According to a study published by the U.S. International Trade Commission in 2018, Li-ion batteries account for more than 70 percent of the rechargeable battery market. In addition, the battery prices per kilowatt-hour (kWh) have dropped to less than 200 USD in 2019 from around 1000 USD in 2010. Furthermore, due to the advancement of cell chemistry and battery pack manufacturing techniques, battery prices are expected to drop below 100 USD/kWh in the coming years. Therefore, a decrease in the costs of battery packs that are responsible for around 35% to 45% of electric vehicle manufacturing costs is anticipated to drive the electric vehicle battery market growth.
Who are the Major Electric Vehicle Battery Market Vendors?
Panasonic Corporation (Osaka, Japan)
LG Chem (Seoul, South Korea)
BYD Company Ltd. (Shenzhen, China)
GS Yuasa International Ltd. (Kyoto, Japan)
Samsung SDI CO., LTD (Seoul, South Korea)
Hitachi Chemical Co., Ltd. (Tokyo, Japan)
Contemporary Amperex Technology Co., Limited (CATL) (Ningde, China)
EXIDE INDUSTRIES LIMITED (Kolkata, India)
SK INNOVATION CO. LTD. (Seoul, South Korea)
East Penn Manufacturing Company (Pennsylvania, U.S.)
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Key Points from Table of Contents:
Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and AssumptionsExecutive Summary
Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market OpportunitiesKey Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers and AcquisitionsGlobal Electric Vehicle Battery Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
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