EV Battery Market by Battery Capacity (<50, 50-110, 111-200, 201-300 and >300), Battery Form (Wire, Laser), Propulsion (BEV, PHEV, PHEV, FCEV), Battery Type, Material Type, Li-ion Battery Component, Method, Vehicle Type - Global Industry Analysis,Share,Growth,Regional Outlook And Forecasts, 2021-2027

The global EV Battery market gathered revenue around USD 26.0 Billion in 2020 and market is set to grow USD 69.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 26.9% during the prediction period 2021 to 2027. Increasing demand of electric vehicles, improvement in battery technology, supporting government policies and regulations, and launch of new plug-in EV models are factors responsible to drive the EV battery market.

Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around the world are encouraging the adoption of vehicles using alternative sources of fuel. EVs are zero-emission vehicles and are gaining preference for clean public transport across countries. Several national governments offer financial incentives, such as tax exemptions and rebates, subsidies, reduced parking/toll fees for EVs, and free charging, to encourage the adoption of EVs. Thus, globally the requirement of EV battery is gaining fast pace.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the EV Battery market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global EV Battery market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

EV Battery market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Challenge: Reduction in subsidies in major markets

Purchase subsidies were reduced in key markets, such as China and France. For example, the Chinese Ministry of Finance announced plans to cut down on subsidies associated with electric cars by about half in 2019, 21% in 2021, and 31% by 2022. However, vehicles for public transport and those costing below USD 42,000 would continue to receive subsidies, with the new ruling only hitting luxury car brands. Since the Chinese Ministry of Finance only provides subsidies for cars with a high battery capacity, EV battery manufacturers have to either provide car manufacturers with high-capacity batteries or reduce battery prices to ensure the overall cost of a vehicle falls under the subsidized range. Though this is done to boost local manufacturing, EV battery manufacturers may struggle as they would need to improve battery capacity to receive more subsidies while keeping the price of the battery low.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Significant Market Participants Operational in the EV Battery Market are:

CATL (China), Panasonic (Japan), LG Chem (South Korea), BYD (China), and Samsung SDI (South Korea)

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Based on the battery type:

• Lead-acid
• Lithium-ion
• Nickel-metal Hydride
• Solid-state

Based on the Li-ion battery component:

• Positive Electrode
• Negative Electrode
• Electrolyte
• Separator

Based on the propulsion :

• BEV
• HEV
• PHEV
• FCEV

Based on the vehicle type:

• Passenger Cars
• Vans/Light Trucks
• Medium & Heavy Trucks
• Buses
• Off-highway Vehicles

Based on the method:

• Wire Bonding
• Laser Bonding

Based on the battery capacity:

• <50 kWh
• 50-110 kWh
• 111-200 kWh
• 201-300 kWh
• >300 kWh

Based on the battery form:

• Prismatic
• Cyindrical
• Pouch

Based on the material type:

• Lithium
• Cobalt
• Manganese
• Natural Graphite

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa