EV Battery Pack Market Analysis

Name: EV Battery Pack Market Analysis | Industry Report, Size & Forecast
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EV Battery Pack Market Size

Icons	Lable	Value
	Study Period	2017 - 2029
	Market Size (2024)	USD 165.1 Billion
	Market Size (2029)	USD 265.1 Billion
	Largest Share by Propulsion Type	BEV
	CAGR (2024 - 2029)	9.93 %
	Largest Share by Region	Asia-Pacific
	Market Concentration	High
Major Players

*Disclaimer: Major Players sorted in alphabetical order.

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The EV Battery Pack Market size is estimated at 165.1 billion USD in 2024, and is expected to reach 265.1 billion USD by 2029, growing at a CAGR of 9.93% during the forecast period (2024-2029).

165.1 Billion

Market Size in 2024 (USD)

265.1 Billion

Market Size in 2029 (USD)

38.68 %

CAGR (2017-2023)

9.93 %

CAGR (2024-2029)

Largest Segment by Body Type

84.66 %

value share, Passenger Car, 2023

Sales of electric cars grew the most due to affordable model launches, government rebates and subsidies, EV benefits over conventional cars, and regulatory standards.

Largest Segment by Propulsion Type

94.41 %

value share, BEV, 2023

Affordable option over PHEV, less maintenance, zero emissions, no fuel expenses have contributed to the highest growth of BEV segment in Global EV sales.

Largest Segment by Battery Chemistry

41.25 %

value share, LFP, 2023

LFP batteries have acquired the highest share due to cheap production, long battery range, durability and highly manufactured by largest exporter of batteries i.e. China.

Largest Segment by Battery Form

66.40 %

value share, Prismatic, 2023

Prismatic cells are largely used due to easy manufacturing, higher density in similar volume over other forms, unexpensive production and high safety rating.

Leading Market Player

37 %

market share, Contemporary Amperex Technology Co. Ltd. (CATL), 2022

Contemporary Amperex Technology Co., Ltd. (CATL) sells the most batteries worldwide due to its vast production capacity, extensive client base, and global reach.

China leads battery demand for BEVs, PHEVs surge in Europe and North America

The electrification of vehicles in various countries globally has grown significantly over the past few years, making a positive impact on the demand for batteries as it is one of the major components of electric vehicles. The adoption of electric vehicles is growing due to various factors, including awareness of electric vehicles, strict norms from the government for EV adoption, advantages of EVs over the old fossil fuel vehicles, and zero-emission programs in various countries. As a result, the battery industry has grown parallelly and witnessed sales growth of 205% in 2021 over 2017 globally.
The major demand for batteries for PHEVs and BEVs is from Asian countries, with China as one of the biggest players in the electric automotive industry. The demand for BEVs is higher compared to the PHEVs in the majority of the market; for instance, 90% is acquired by China. Various regions, such as Europe and North America, are also witnessing a significant growth in the demand for BEV and PHEV, which has also contributed to the growth of the demand for batteries across the globe. As a result, the use of lithium-ion batteries in battery electric vehicles grew by 89% in 2022 over 2021 globally.
Launching of new products is attracting consumers to invest in EVs. For instance, in November 2022, the Chinese automaker BYD launched its electric SUV Atto 3 in India, which is equipped with a 60.48 kWh battery and offers a range of 521 km. The car has already got more than 2,000 bookings, and deliveries started in January 2023. Such launches are attracting customers, which is further expected to raise the demand for batteries with PHEV and BEV models during the forecast period in various countries globally.

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Governmental push for EVs and development in battery production infrastructure are driving the global EV battery pack market

The electrification of vehicles has been growing significantly across various countries over the past few years and also impacting the growth of the battery industry. Various factors, such as the introduction of stringent norms by governments worldwide for electric vehicles, the various advantages of EVs over conventional fuel vehicles, subsidies, and tax benefits, including rebates, aided the tremendous growth of EVs by around 219.05% in the historical period, thus, positively impacting the battery demand from OEMs and aftermarket suppliers. The rise in EV adoption rates increased the battery demand by 217.99% in the historical period (2017-2021) worldwide.
Electric cars are among the major contributors to the overall battery pack sales, followed by light trucks and buses. Growth in the demand for EVs in 2022 in various countries such as China, the United States, and Germany increased the demand for batteries by around 86.00% in 2022, majorly driven by APAC countries. As a result, global demand for EV battery packs witnessed a growth of 87.78% in 2022 over the previous year. Various emerging markets, such as India and Thailand, are expected to register increased sales of EVs, which would further boost their demand for battery packs in the future.
The governments of various countries worldwide are supporting battery manufacturers in enhancing their production of batteries domestically. In May 2023, the Government of Canada announced that it would provide USD 9.90 billion in manufacturing tax credits and USD 532 million to construct a battery manufacturing plant in the country. Such developments in various countries are expected to enhance the demand for batteries during the forecast period globally.

EV Battery Pack Market Trends

BYD AND TESLA ARE LEADING THE CHARGE IN THE EV MARKET AND SHAPING THE FUTURE

In 2022, BYD was the market leader in electric vehicle sales and held a share of 13.3%. BYD's leading position can be attributed to several factors. It has been an early and prominent player in the EV industry, with a strong focus on producing electric vehicles and related technologies. The company's early entry into the market allowed it to establish a solid foundation and gain recognition among consumers. BYD has also been actively expanding its operations globally, forging partnerships, and investing in research and development, all of which contribute to its leading position.
Tesla has been at the forefront of electric vehicle innovation and has played a crucial role in popularizing EVs worldwide. Tesla was a significant player in the EV industry in 2022, with a market share of 12.2%. Tesla's strong brand image, cutting-edge technology, and extensive Supercharger network have contributed to its success.
Among the other players in the EV market, there are several notable companies that hold significant market shares. BMW's established reputation in the automotive industry, coupled with its commitment to electric mobility through its "BMW i" sub-brand, has contributed to its market presence. Similarly, Volkswagen, which held a market share of 3.9% in 2022, has been actively investing in electric mobility under its "Volkswagen Group" umbrella. These companies, along with others like Mercedes-Benz, Kia, and Hyundai, are recolonizing the EV industry by leveraging their existing brand recognition, introducing compelling electric vehicle models, and investing in technology to enhance the range and performance of their electric offerings.

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TESLA AND BYD DOMINATED THE BEST-SELLING EV MODELS OF 2022

The best-selling EV models in 2022 were dominated by two key OEMs: Tesla and BYD. Tesla held a strong market position with two of its models, the Model Y and Model 3, capturing the first and third spots, respectively. The Tesla Model Y was the most popular plug-in electric vehicle, with global unit sales of roughly 771,300 in 2022. That year, deliveries of Tesla's Model 3 and Model Y surpassed 1.2 million, a Y-o-Y increase of 36.77% for Tesla's best-selling models. While two of the five best-selling plug-in electric vehicle (PEV) models were Tesla-branded, the battery electric vehicle manufacturer faced competition from Asian brands in 2022. China-based BYD overtook Tesla as the best-selling PEV brand in 2022, relying on a large offering of plug-in hybrid electric models. Following closely behind the Tesla Model Y, the BYD Song Plus (BEV + PHEV) secured the second spot, with sales reaching 477,090 units. BYD's established presence in the Chinese market, along with its reputation for producing reliable and technologically advanced electric vehicles, likely contributed to the strong sales performance of the Song Plus models.
The Volkswagen ID.4 stood out among the best-selling EV models as the only European PEV (Plug-in Electric Vehicle) in the top ten. With a sales volume of 174,090 units in 2022, the ID.4 demonstrated Volkswagen's commitment to electric mobility and its growing presence in the EV market.
Overall, these top-performing EV models from Tesla and BYD, along with other notable contenders like the Wuling Hong Guang MINI EV and Volkswagen ID.4, demonstrate the increasing consumer demand for electric vehicles.

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

INCREASING GLOBAL DEMAND AND GOVERNMENT SUPPORT PROPELLING ELECTRIC VEHICLE MARKET GROWTH
EV BATTERY PACK PRICES DECLINED DUE TO ECONOMIES OF SCALE AND TECHNOLOGICAL ADVANCEMENTS, BUT FACED A TEMPORARY INCREASE IN 2022
THE DECREASING COST OF BATTERIES IS A MAJOR FACTOR IN THE EXPANDING AND MORE ACCESSIBLE GLOBAL EV MARKET
AUTOMAKERS LAUNCHED NEW ELECTRIC VEHICLE MODELS TO MEET THE INCREASING DEMAND, BOOSTING BATTERY PACK DEMAND WORLDWIDE

LFP, NMC, NCA, AND NCM BATTERIES ARE LEADING THE WAY, WITH DIFFERENT GEOGRAPHIES SHOWING A PREFERENCE FOR SPECIFIC CHEMISTRIES
INCREASING GLOBAL DEMAND FOR ELECTRIC VEHICLE BATTERIES AND MATERIALS DRIVEN BY INCREASING ELECTRIFICATION OF VEHICLES, WITH LFP BATTERIES LEADING THE TREND
INCREASING GLOBAL DEMAND AND TECHNOLOGICAL ADVANCEMENTS DRIVE THE ELECTRIC VEHICLE MARKET AND BATTERY INDUSTRY

EV Battery Pack Industry Overview

The EV Battery Pack Market is fairly consolidated, with the top five companies occupying 65.47%. The major players in this market are BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), LG Energy Solution Ltd., Samsung SDI Co. Ltd. and SK Innovation Co. Ltd. (sorted alphabetically).

EV Battery Pack Market Leaders

BYD Company Ltd.
Contemporary Amperex Technology Co. Ltd. (CATL)
LG Energy Solution Ltd.
Samsung SDI Co. Ltd.
SK Innovation Co. Ltd.

Other important companies include China Aviation Battery Co. Ltd. (CALB), ENVISION AESC UK Ltd., EVE Energy Co. Ltd., Farasis Energy (Ganzhou) Co. Ltd., Guoxuan High-tech Co. Ltd., Panasonic Holdings Corporation, Primearth EV Energy Co. Ltd., SVOLT Energy Technology Co. Ltd. (SVOLT), TOSHIBA Corp..

*Disclaimer: Major Players sorted in alphabetical order.

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EV Battery Pack Market News

June 2023: CATL announced that it launched Qiji Energy, a battery swap solution for heavy-duty trucks. The solution consists of Qiji Swapping Electric Blocks, Qiji Battery Swap Station, and Qiji Cloud Platform. Based on the CATL鈥檚 3rd-generation LFP battery chemistry, Qiji Swapping Electric Blocks adopt the innovative NP (Non Propagation) technology and CTP (cell-to-pack) technology, striking a balance between safety and usage costs. Qiji Battery Swap Station enables one-stop swapping for different truck models and brands.
January 2023: Chinese cell manufacturer, China Lithium Battery Technology Co., Ltd. (CALB), has partnered with Forsee Power to integrate high energy density cells into its battery systems.
January 2023: Shinhan Securities Co., Ltd. has signed an MOU with SK On Co., Ltd. (SK On) on an investment alliance for a secondary battery ecosystem.

Free with this Report

Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.

EV Battery Pack Market Report - Table of Contents

EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1. 1.1. Study Assumptions & Market Definition
2. 1.2. Scope of the Study鈥�
3. 1.3. Research Methodology
2. KEY INDUSTRY TRENDS
1. 2.1. Electric Vehicle Sales
2. 2.2. Electric Vehicle Sales By OEMs
3. 2.3. Best-selling EV Models
4. 2.4. OEMs With Preferable Battery Chemistry
5. 2.5. Battery Pack Price
6. 2.6. Battery Material Cost
7. 2.7. Price Chart Of Different Battery Chemistry
8. 2.8. Who Supply Whom
9. 2.9. EV Battery Capacity And Efficiency
10. 2.10. Number Of EV Models Launched
11. 2.11. Regulatory Framework
  1. 2.11.1. Belgium
  2. 2.11.2. Brazil
  3. 2.11.3. Canada
  4. 2.11.4. China
  5. 2.11.5. Colombia
  6. 2.11.6. France
  7. 2.11.7. Germany
  8. 2.11.8. Hungary
  9. 2.11.9. India
  10. 2.11.10. Indonesia
  11. 2.11.11. Japan
  12. 2.11.12. Mexico
  13. 2.11.13. Poland
  14. 2.11.14. Thailand
  15. 2.11.15. UK
  16. 2.11.16. US
12. 2.12. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
1. 3.1. Body Type
  1. 3.1.1. Bus
  2. 3.1.2. LCV
  3. 3.1.3. M&HDT
  4. 3.1.4. Passenger Car
2. 3.2. Propulsion Type
  1. 3.2.1. BEV
  2. 3.2.2. PHEV
3. 3.3. Battery Chemistry
  1. 3.3.1. LFP
  2. 3.3.2. NCA
  3. 3.3.3. NCM
  4. 3.3.4. NMC
  5. 3.3.5. Others
4. 3.4. Capacity
  1. 3.4.1. 15 kWh to 40 kWh
  2. 3.4.2. 40 kWh to 80 kWh
  3. 3.4.3. Above 80 kWh
  4. 3.4.4. Less than 15 kWh
5. 3.5. Battery Form
  1. 3.5.1. Cylindrical
  2. 3.5.2. Pouch
  3. 3.5.3. Prismatic
6. 3.6. Method
  1. 3.6.1. Laser
  2. 3.6.2. Wire
7. 3.7. Component
  1. 3.7.1. Anode
  2. 3.7.2. Cathode
  3. 3.7.3. Electrolyte
  4. 3.7.4. Separator
8. 3.8. Material Type
  1. 3.8.1. Cobalt
  2. 3.8.2. Lithium
  3. 3.8.3. Manganese
  4. 3.8.4. Natural Graphite
  5. 3.8.5. Nickel
  6. 3.8.6. Other Materials
9. 3.9. Region
  1. 3.9.1. Asia-Pacific
    1. 3.9.1.1. By Country
      1. 3.9.1.1.1. China
      2. 3.9.1.1.2. India
      3. 3.9.1.1.3. Japan
      4. 3.9.1.1.4. South Korea
      5. 3.9.1.1.5. Thailand
      6. 3.9.1.1.6. Rest-of-Asia-Pacific
  2. 3.9.2. Europe
    1. 3.9.2.1. By Country
      1. 3.9.2.1.1. France
      2. 3.9.2.1.2. Germany
      3. 3.9.2.1.3. Hungary
      4. 3.9.2.1.4. Italy
      5. 3.9.2.1.5. Poland
      6. 3.9.2.1.6. Sweden
      7. 3.9.2.1.7. UK
      8. 3.9.2.1.8. Rest-of-Europe
  3. 3.9.3. Middle East & Africa
  4. 3.9.4. North America
    1. 3.9.4.1. By Country
      1. 3.9.4.1.1. Canada
      2. 3.9.4.1.2. US
  5. 3.9.5. South America
4. COMPETITIVE LANDSCAPE
1. 4.1. Key Strategic Moves
2. 4.2. Market Share Analysis
3. 4.3. Company Landscape
4. 4.4. Company Profiles
  1. 4.4.1. BYD Company Ltd.
  2. 4.4.2. China Aviation Battery Co. Ltd. (CALB)
  3. 4.4.3. Contemporary Amperex Technology Co. Ltd. (CATL)
  4. 4.4.4. ENVISION AESC UK Ltd.
  5. 4.4.5. EVE Energy Co. Ltd.
  6. 4.4.6. Farasis Energy (Ganzhou) Co. Ltd.
  7. 4.4.7. Guoxuan High-tech Co. Ltd.
  8. 4.4.8. LG Energy Solution Ltd.
  9. 4.4.9. Panasonic Holdings Corporation
  10. 4.4.10. Primearth EV Energy Co. Ltd.
  11. 4.4.11. Samsung SDI Co. Ltd.
  12. 4.4.12. SK Innovation Co. Ltd.
  13. 4.4.13. SVOLT Energy Technology Co. Ltd. (SVOLT)
  14. 4.4.14. TOSHIBA Corp.
5. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS
6. APPENDIX
1. 6.1. Global Overview
  1. 6.1.1. Overview
  2. 6.1.2. Porter鈥檚 Five Forces Framework
  3. 6.1.3. Global Value Chain Analysis
  4. 6.1.4. Market Dynamics (DROs)
2. 6.2. Sources & References
3. 6.3. List of Tables & Figures
4. 6.4. Primary Insights
5. 6.5. Data Pack
6. 6.6. Glossary of Terms

List of Tables & Figures

Figure 1:
ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, GLOBAL, 2017 - 2029

Figure 2:
ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, GLOBAL, 2023

Figure 3:
ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, GLOBAL, 2023

Figure 4:
BEST-SELLING EV MODELS, UNITS, GLOBAL, 2023

Figure 5:
OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, GLOBAL, 2023

Figure 6:
ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, GLOBAL, 2017 - 2029

Figure 7:
ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, GLOBAL, 2017 - 2029

Figure 8:
ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, GLOBAL, 2017 - 2029

Figure 9:
EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, GLOBAL, 2023

Figure 10:
UPCOMING EV MODELS, BY BODY TYPE, UNITS, GLOBAL, 2023

Figure 11:
BREAKDOWN OF EV BATTERY PACK MARKET, KWH, GLOBAL, 2017 - 2029

Figure 12:
BREAKDOWN OF EV BATTERY PACK MARKET, USD, GLOBAL, 2017 - 2029

Figure 13:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BODY TYPE, KWH, GLOBAL, 2017 - 2029

Figure 14:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BODY TYPE, USD, GLOBAL, 2017 - 2029

Figure 15:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 16:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 17:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BUS, KWH, GLOBAL, 2017 - 2029

Figure 18:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BUS, USD, GLOBAL, 2017 - 2029

Figure 19:
BREAKDOWN OF EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 20:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LCV, KWH, GLOBAL, 2017 - 2029

Figure 21:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LCV, USD, GLOBAL, 2017 - 2029

Figure 22:
BREAKDOWN OF EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 23:
BREAKDOWN OF EV BATTERY PACK MARKET, BY M&HDT, KWH, GLOBAL, 2017 - 2029

Figure 24:
BREAKDOWN OF EV BATTERY PACK MARKET, BY M&HDT, USD, GLOBAL, 2017 - 2029

Figure 25:
BREAKDOWN OF EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 26:
BREAKDOWN OF EV BATTERY PACK MARKET, BY PASSENGER CAR, KWH, GLOBAL, 2017 - 2029

Figure 27:
BREAKDOWN OF EV BATTERY PACK MARKET, BY PASSENGER CAR, USD, GLOBAL, 2017 - 2029

Figure 28:
BREAKDOWN OF EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 29:
BREAKDOWN OF EV BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, GLOBAL, 2017 - 2029

Figure 30:
BREAKDOWN OF EV BATTERY PACK MARKET, BY PROPULSION TYPE, USD, GLOBAL, 2017 - 2029

Figure 31:
BREAKDOWN OF EV BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 32:
BREAKDOWN OF EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 33:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BEV, KWH, GLOBAL, 2017 - 2029

Figure 34:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BEV, USD, GLOBAL, 2017 - 2029

Figure 35:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 36:
BREAKDOWN OF EV BATTERY PACK MARKET, BY PHEV, KWH, GLOBAL, 2017 - 2029

Figure 37:
BREAKDOWN OF EV BATTERY PACK MARKET, BY PHEV, USD, GLOBAL, 2017 - 2029

Figure 38:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 39:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, GLOBAL, 2017 - 2029

Figure 40:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, GLOBAL, 2017 - 2029

Figure 41:
BREAKDOWN OF EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 42:
BREAKDOWN OF EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 43:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LFP, KWH, GLOBAL, 2017 - 2029

Figure 44:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LFP, USD, GLOBAL, 2017 - 2029

Figure 45:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 46:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NCA, KWH, GLOBAL, 2017 - 2029

Figure 47:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NCA, USD, GLOBAL, 2017 - 2029

Figure 48:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 49:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NCM, KWH, GLOBAL, 2017 - 2029

Figure 50:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NCM, USD, GLOBAL, 2017 - 2029

Figure 51:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 52:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NMC, KWH, GLOBAL, 2017 - 2029

Figure 53:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NMC, USD, GLOBAL, 2017 - 2029

Figure 54:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 55:
BREAKDOWN OF EV BATTERY PACK MARKET, BY OTHERS, KWH, GLOBAL, 2017 - 2029

Figure 56:
BREAKDOWN OF EV BATTERY PACK MARKET, BY OTHERS, USD, GLOBAL, 2017 - 2029

Figure 57:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 58:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CAPACITY, KWH, GLOBAL, 2017 - 2029

Figure 59:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CAPACITY, USD, GLOBAL, 2017 - 2029

Figure 60:
BREAKDOWN OF EV BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 61:
BREAKDOWN OF EV BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 62:
BREAKDOWN OF EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, GLOBAL, 2017 - 2029

Figure 63:
BREAKDOWN OF EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, GLOBAL, 2017 - 2029

Figure 64:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 65:
BREAKDOWN OF EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, GLOBAL, 2017 - 2029

Figure 66:
BREAKDOWN OF EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, GLOBAL, 2017 - 2029

Figure 67:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 68:
BREAKDOWN OF EV BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, GLOBAL, 2017 - 2029

Figure 69:
BREAKDOWN OF EV BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, GLOBAL, 2017 - 2029

Figure 70:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 71:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, GLOBAL, 2017 - 2029

Figure 72:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, GLOBAL, 2017 - 2029

Figure 73:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 74:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BATTERY FORM, KWH, GLOBAL, 2017 - 2029

Figure 75:
BREAKDOWN OF EV BATTERY PACK MARKET, BY BATTERY FORM, USD, GLOBAL, 2017 - 2029

Figure 76:
BREAKDOWN OF EV BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 77:
BREAKDOWN OF EV BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 78:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CYLINDRICAL, KWH, GLOBAL, 2017 - 2029

Figure 79:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CYLINDRICAL, USD, GLOBAL, 2017 - 2029

Figure 80:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 81:
BREAKDOWN OF EV BATTERY PACK MARKET, BY POUCH, KWH, GLOBAL, 2017 - 2029

Figure 82:
BREAKDOWN OF EV BATTERY PACK MARKET, BY POUCH, USD, GLOBAL, 2017 - 2029

Figure 83:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 84:
BREAKDOWN OF EV BATTERY PACK MARKET, BY PRISMATIC, KWH, GLOBAL, 2017 - 2029

Figure 85:
BREAKDOWN OF EV BATTERY PACK MARKET, BY PRISMATIC, USD, GLOBAL, 2017 - 2029

Figure 86:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 87:
BREAKDOWN OF EV BATTERY PACK MARKET, BY METHOD, KWH, GLOBAL, 2017 - 2029

Figure 88:
BREAKDOWN OF EV BATTERY PACK MARKET, BY METHOD, USD, GLOBAL, 2017 - 2029

Figure 89:
BREAKDOWN OF EV BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 90:
BREAKDOWN OF EV BATTERY PACK MARKET, METHOD, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 91:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LASER, KWH, GLOBAL, 2017 - 2029

Figure 92:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LASER, USD, GLOBAL, 2017 - 2029

Figure 93:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 94:
BREAKDOWN OF EV BATTERY PACK MARKET, BY WIRE, KWH, GLOBAL, 2017 - 2029

Figure 95:
BREAKDOWN OF EV BATTERY PACK MARKET, BY WIRE, USD, GLOBAL, 2017 - 2029

Figure 96:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 97:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COMPONENT, UNITS, GLOBAL, 2017 - 2029

Figure 98:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COMPONENT, USD, GLOBAL, 2017 - 2029

Figure 99:
BREAKDOWN OF EV BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 100:
BREAKDOWN OF EV BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 101:
BREAKDOWN OF EV BATTERY PACK MARKET, BY ANODE, UNITS, GLOBAL, 2017 - 2029

Figure 102:
BREAKDOWN OF EV BATTERY PACK MARKET, BY ANODE, USD, GLOBAL, 2017 - 2029

Figure 103:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 104:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CATHODE, UNITS, GLOBAL, 2017 - 2029

Figure 105:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CATHODE, USD, GLOBAL, 2017 - 2029

Figure 106:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 107:
BREAKDOWN OF EV BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, GLOBAL, 2017 - 2029

Figure 108:
BREAKDOWN OF EV BATTERY PACK MARKET, BY ELECTROLYTE, USD, GLOBAL, 2017 - 2029

Figure 109:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 110:
BREAKDOWN OF EV BATTERY PACK MARKET, BY SEPARATOR, UNITS, GLOBAL, 2017 - 2029

Figure 111:
BREAKDOWN OF EV BATTERY PACK MARKET, BY SEPARATOR, USD, GLOBAL, 2017 - 2029

Figure 112:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 113:
BREAKDOWN OF EV BATTERY PACK MARKET, BY MATERIAL TYPE, KG, GLOBAL, 2017 - 2029

Figure 114:
BREAKDOWN OF EV BATTERY PACK MARKET, BY MATERIAL TYPE, USD, GLOBAL, 2017 - 2029

Figure 115:
BREAKDOWN OF EV BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 116:
BREAKDOWN OF EV BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 117:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COBALT, KG, GLOBAL, 2017 - 2029

Figure 118:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COBALT, USD, GLOBAL, 2017 - 2029

Figure 119:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 120:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LITHIUM, KG, GLOBAL, 2017 - 2029

Figure 121:
BREAKDOWN OF EV BATTERY PACK MARKET, BY LITHIUM, USD, GLOBAL, 2017 - 2029

Figure 122:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 123:
BREAKDOWN OF EV BATTERY PACK MARKET, BY MANGANESE, KG, GLOBAL, 2017 - 2029

Figure 124:
BREAKDOWN OF EV BATTERY PACK MARKET, BY MANGANESE, USD, GLOBAL, 2017 - 2029

Figure 125:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 126:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, GLOBAL, 2017 - 2029

Figure 127:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, GLOBAL, 2017 - 2029

Figure 128:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 129:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NICKEL, KG, GLOBAL, 2017 - 2029

Figure 130:
BREAKDOWN OF EV BATTERY PACK MARKET, BY NICKEL, USD, GLOBAL, 2017 - 2029

Figure 131:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 132:
BREAKDOWN OF EV BATTERY PACK MARKET, BY OTHER MATERIALS, KG, GLOBAL, 2017 - 2029

Figure 133:
BREAKDOWN OF EV BATTERY PACK MARKET, BY OTHER MATERIALS, USD, GLOBAL, 2017 - 2029

Figure 134:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 135:
BREAKDOWN OF EV BATTERY PACK MARKET, BY REGION, KWH, GLOBAL, 2017 - 2029

Figure 136:
BREAKDOWN OF EV BATTERY PACK MARKET, BY REGION, USD, GLOBAL, 2017 - 2029

Figure 137:
BREAKDOWN OF EV BATTERY PACK MARKET, REGION, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 138:
BREAKDOWN OF EV BATTERY PACK MARKET, REGION, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 139:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COUNTRY, KWH, GLOBAL, 2017 - 2029

Figure 140:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COUNTRY, USD, GLOBAL, 2017 - 2029

Figure 141:
BREAKDOWN OF EV BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 142:
BREAKDOWN OF EV BATTERY PACK MARKET, COUNTRY, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 143:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CHINA, KWH, GLOBAL, 2017 - 2029

Figure 144:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CHINA, USD, GLOBAL, 2017 - 2029

Figure 145:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 146:
BREAKDOWN OF EV BATTERY PACK MARKET, BY INDIA, KWH, GLOBAL, 2017 - 2029

Figure 147:
BREAKDOWN OF EV BATTERY PACK MARKET, BY INDIA, USD, GLOBAL, 2017 - 2029

Figure 148:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 149:
BREAKDOWN OF EV BATTERY PACK MARKET, BY JAPAN, KWH, GLOBAL, 2017 - 2029

Figure 150:
BREAKDOWN OF EV BATTERY PACK MARKET, BY JAPAN, USD, GLOBAL, 2017 - 2029

Figure 151:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 152:
BREAKDOWN OF EV BATTERY PACK MARKET, BY SOUTH KOREA, KWH, GLOBAL, 2017 - 2029

Figure 153:
BREAKDOWN OF EV BATTERY PACK MARKET, BY SOUTH KOREA, USD, GLOBAL, 2017 - 2029

Figure 154:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 155:
BREAKDOWN OF EV BATTERY PACK MARKET, BY THAILAND, KWH, GLOBAL, 2017 - 2029

Figure 156:
BREAKDOWN OF EV BATTERY PACK MARKET, BY THAILAND, USD, GLOBAL, 2017 - 2029

Figure 157:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 158:
BREAKDOWN OF EV BATTERY PACK MARKET, BY REST-OF-ASIA-PACIFIC, KWH, GLOBAL, 2017 - 2029

Figure 159:
BREAKDOWN OF EV BATTERY PACK MARKET, BY REST-OF-ASIA-PACIFIC, USD, GLOBAL, 2017 - 2029

Figure 160:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 161:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COUNTRY, KWH, GLOBAL, 2017 - 2029

Figure 162:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COUNTRY, USD, GLOBAL, 2017 - 2029

Figure 163:
BREAKDOWN OF EV BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 164:
BREAKDOWN OF EV BATTERY PACK MARKET, COUNTRY, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 165:
BREAKDOWN OF EV BATTERY PACK MARKET, BY FRANCE, KWH, GLOBAL, 2017 - 2029

Figure 166:
BREAKDOWN OF EV BATTERY PACK MARKET, BY FRANCE, USD, GLOBAL, 2017 - 2029

Figure 167:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 168:
BREAKDOWN OF EV BATTERY PACK MARKET, BY GERMANY, KWH, GLOBAL, 2017 - 2029

Figure 169:
BREAKDOWN OF EV BATTERY PACK MARKET, BY GERMANY, USD, GLOBAL, 2017 - 2029

Figure 170:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 171:
BREAKDOWN OF EV BATTERY PACK MARKET, BY HUNGARY, KWH, GLOBAL, 2017 - 2029

Figure 172:
BREAKDOWN OF EV BATTERY PACK MARKET, BY HUNGARY, USD, GLOBAL, 2017 - 2029

Figure 173:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 174:
BREAKDOWN OF EV BATTERY PACK MARKET, BY ITALY, KWH, GLOBAL, 2017 - 2029

Figure 175:
BREAKDOWN OF EV BATTERY PACK MARKET, BY ITALY, USD, GLOBAL, 2017 - 2029

Figure 176:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 177:
BREAKDOWN OF EV BATTERY PACK MARKET, BY POLAND, KWH, GLOBAL, 2017 - 2029

Figure 178:
BREAKDOWN OF EV BATTERY PACK MARKET, BY POLAND, USD, GLOBAL, 2017 - 2029

Figure 179:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 180:
BREAKDOWN OF EV BATTERY PACK MARKET, BY SWEDEN, KWH, GLOBAL, 2017 - 2029

Figure 181:
BREAKDOWN OF EV BATTERY PACK MARKET, BY SWEDEN, USD, GLOBAL, 2017 - 2029

Figure 182:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 183:
BREAKDOWN OF EV BATTERY PACK MARKET, BY UK, KWH, GLOBAL, 2017 - 2029

Figure 184:
BREAKDOWN OF EV BATTERY PACK MARKET, BY UK, USD, GLOBAL, 2017 - 2029

Figure 185:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 186:
BREAKDOWN OF EV BATTERY PACK MARKET, BY REST-OF-EUROPE, KWH, GLOBAL, 2017 - 2029

Figure 187:
BREAKDOWN OF EV BATTERY PACK MARKET, BY REST-OF-EUROPE, USD, GLOBAL, 2017 - 2029

Figure 188:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 189:
BREAKDOWN OF EV BATTERY PACK MARKET, BY MIDDLE EAST & AFRICA, KWH, GLOBAL, 2017 - 2029

Figure 190:
BREAKDOWN OF EV BATTERY PACK MARKET, BY MIDDLE EAST & AFRICA, USD, GLOBAL, 2017 - 2029

Figure 191:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 192:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COUNTRY, KWH, GLOBAL, 2017 - 2029

Figure 193:
BREAKDOWN OF EV BATTERY PACK MARKET, BY COUNTRY, USD, GLOBAL, 2017 - 2029

Figure 194:
BREAKDOWN OF EV BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), GLOBAL, 2022 & 2029

Figure 195:
BREAKDOWN OF EV BATTERY PACK MARKET, COUNTRY, VALUE SHARE (%), GLOBAL, 2022 & 2029

Figure 196:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CANADA, KWH, GLOBAL, 2017 - 2029

Figure 197:
BREAKDOWN OF EV BATTERY PACK MARKET, BY CANADA, USD, GLOBAL, 2017 - 2029

Figure 198:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 199:
BREAKDOWN OF EV BATTERY PACK MARKET, BY US, KWH, GLOBAL, 2017 - 2029

Figure 200:
BREAKDOWN OF EV BATTERY PACK MARKET, BY US, USD, GLOBAL, 2017 - 2029

Figure 201:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 202:
BREAKDOWN OF EV BATTERY PACK MARKET, BY SOUTH AMERICA, KWH, GLOBAL, 2017 - 2029

Figure 203:
BREAKDOWN OF EV BATTERY PACK MARKET, BY SOUTH AMERICA, USD, GLOBAL, 2017 - 2029

Figure 204:
BREAKDOWN OF EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), GLOBAL, 2017-2029

Figure 205:
EV BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022

Figure 206:
EV BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022

Figure 207:
EV BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023

EV Battery Pack Industry Segmentation

Bus, LCV, M&HDT, Passenger Car are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.

The electrification of vehicles in various countries globally has grown significantly over the past few years, making a positive impact on the demand for batteries as it is one of the major components of electric vehicles. The adoption of electric vehicles is growing due to various factors, including awareness of electric vehicles, strict norms from the government for EV adoption, advantages of EVs over the old fossil fuel vehicles, and zero-emission programs in various countries. As a result, the battery industry has grown parallelly and witnessed sales growth of 205% in 2021 over 2017 globally.
The major demand for batteries for PHEVs and BEVs is from Asian countries, with China as one of the biggest players in the electric automotive industry. The demand for BEVs is higher compared to the PHEVs in the majority of the market; for instance, 90% is acquired by China. Various regions, such as Europe and North America, are also witnessing a significant growth in the demand for BEV and PHEV, which has also contributed to the growth of the demand for batteries across the globe. As a result, the use of lithium-ion batteries in battery electric vehicles grew by 89% in 2022 over 2021 globally.
Launching of new products is attracting consumers to invest in EVs. For instance, in November 2022, the Chinese automaker BYD launched its electric SUV Atto 3 in India, which is equipped with a 60.48 kWh battery and offers a range of 521 km. The car has already got more than 2,000 bookings, and deliveries started in January 2023. Such launches are attracting customers, which is further expected to raise the demand for batteries with PHEV and BEV models during the forecast period in various countries globally.

Body Type
		Bus
		LCV
		M&HDT
		Passenger Car

Propulsion Type
		BEV
		PHEV

Battery Chemistry
		LFP
		NCA
		NCM
		NMC
		Others

Capacity
		15 kWh to 40 kWh
		40 kWh to 80 kWh
		Above 80 kWh
		Less than 15 kWh

Battery Form
		Cylindrical
		Pouch
		Prismatic

Method
		Laser
		Wire

Component
		Anode
		Cathode
		Electrolyte
		Separator

Material Type
		Cobalt
		Lithium
		Manganese
		Natural Graphite
		Nickel
		Other Materials

Region

Asia-Pacific

By Country
	China
	India
	Japan
	South Korea
	Thailand
	Rest-of-Asia-Pacific

Europe

By Country
	France
	Germany
	Hungary
	Italy
	Poland
	Sweden
	UK
	Rest-of-Europe

Middle East & Africa

North America

By Country
	Canada
	US

South America

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Market Definition

Battery Chemistry - Various types of battery chemistry considred under this segment include LFP, NCA, NCM, NMC, Others.
Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
Body Type - Body types considered under this segment include, passenger cars, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, nickel, other material.
Method - The types of method covered under this segment include laser and wire.
Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
ToC Type - ToC 1
Vehicle Type - Vehicle type considered under this segment include passenger vehicles, and commercial vehicles with various EV powertrains.

Keyword	Definition
Electric vehicle (EV)	A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
PEV	A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids.
Battery-as-a-Service	A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge
Battery Cell	The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy.
Module	A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance.
Battery Management System (BMS)	An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it.
Energy Density	A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L).
Power Density	The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg).
Cycle Life	The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity.
State of Charge (SOC)	A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity.
State of Health (SOH)	An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new.
Thermal Management System	A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods.
Fast Charging	A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment.
Regenerative Braking	A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery.

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Research Methodology

糖心vlog传媒 follows a four-step methodology in all its reports.

Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
Step-2: Build a Market Model: Market-size estimations for the historical and聽forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Electric Vehicle Battery Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

EV Battery Pack Market Size

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