Single User License: $5500
Member Price: FREE
Use code SUMMER at checkout for 50% OFF
Already a member? Login to access this report free.
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.
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 |
|
||||||||||||||||
| Companies studied |
|
||||||||||||||||
Frequently Asked Questions (FAQs)
- 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).
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.
Related Reports
Battery Separators: Global Markets
The global market for battery separators is expected to grow from $8.1 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.6% during the forecast period of 2024 to 2029.
Solid State Batteries: Global Markets
The global market for solid state batteries is estimated to increase from $274.0 million in 2023 to reach $1.7 billion by 2029, at a compound annual growth rate (CAGR) of 36.7% from 2024 through 2029.
Hydrogen Storage: Materials, Technologies and Global Markets
The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.
Hydrogen Fuel Cell: Global Markets
The global market for hydrogen fuel cells reached $6.6 billion in 2021. The market should grow from $7.5 billion in 2022 to $19.5 billion by 2027, at a compound annual growth rate (CAGR) of 21.0% during 2022-2027.
Recent Reports
Electric Vehicles and Fuel Cell Vehicles: Global Markets
The global market for electric vehicles and fuel cell vehicles was valued at $655.9 billion in 2023. The market is expected to grow from $758.0 billion in 2024 to $1.8 trillion by 2029, at a compound annual growth rate (CAGR) of 18.6% from 2024 to 2029.
Global Market for PEM Electrolyzer
The global market for proton exchange membrane (PEM) electrolyzer was valued at $60.2 million in 2023. The market is expected to grow from $83.7 million in 2024 to $507.6 million by 2029, at a compound annual growth rate (CAGR) of 43.4% from 2024 to 2029.
Solid State Batteries: Global Markets
The global market for solid state batteries is estimated to increase from $274.0 million in 2023 to reach $1.7 billion by 2029, at a compound annual growth rate (CAGR) of 36.7% from 2024 through 2029.
E-Bike: Global Markets
The global market for e-bikes is expected to grow from $44.9 billion in 2023 and projected to reach $77.6 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.6% from 2023 through 2028.
Global Electric Vehicle Insulation Market
The global market for electric vehicle insulation is expected to increase from $3.1 billion in 2023 to $9.1 billion by the end of 2028, with a compound annual growth rate (CAGR) of 24.4% during the forecast period of 2023-2028.
Top Trending Reports
Life Science Tools and Reagents: Global Markets
The global market for life science tools and reagents, including COVID-19 diagnostics was valued at $59.4 billion in 2023. This market is expected to grow from $53.2 billion in 2024 to reach $66.5 billion by the end of 2029, at a CAGR of 4.6% during the forecast period of 2024-2029.
Wearable Medical Devices: Technologies and Global Markets
The global market for wearable medical devices was valued at $35.6 billion in 2023. This market is estimated to grow from $45.0 billion in 2024 to $151.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.5% from 2024 through 2029.
Carbon Credits Market: Global Outlook
This report provides an up-to-date analysis of current and future markets for carbon credits and the carbon offsets industry. It presents a thorough and up-to-date global assessment of the market and business of carbon credits. The report also includes a competitive landscape, ESG analysis, and detailed company profiles of leading market players.
Biodegradable Polymers: Global Markets and Technologies
The global market volumes of biodegradable polymers is expected to grow from 1,286.0 kilotons in 2023 and is projected to reach 4,140.0 kilotons by the end of 2028, at a compound annual growth rate (CAGR) of 26.3% during the forecast period of 2023 to 2028.
Radiotherapy, Radiopharmaceuticals and Nuclear Medicine: Global Markets
The global market for radiation therapy products and radiopharmaceuticals is expected to grow from $17.5 billion in 2024 and is projected to reach $31.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.3% during the forecast period of 2024 to 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More