Electric Car Battery Market, Size, Share, Outlook and Growth Opportunities 2019-2025
- ID:OGAMSC1908143
- Published: August-2021
- Pages:130
- OGAnalysis
Global Electric Car Battery Market, Size, Share, Outlook and Growth Opportunities to 2025: By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Hybrid Electric Vehicle), By Battery Type (lithium ion battery, lead acid battery, and nickel metal alloy hydride battery), By Vehicle Type (passenger car, and commercial car) and By Region
Key Highlights
- Global Electric Car Battery market projected at a CAGR of 16.49% during the forecast period 2019 to 2025.
- Among the battery types, lithium ion battery leads the global electric car battery market.
- Asia Pacific region contributed for major share in global electric car battery market in terms of revenue volume.
- Europe region is fastest growing segment contributed due to the stringent regulations towards the environmental preservation.
Increasing concerns regarding environmental conservation and pollution, the automakers are shifting from conventionally used fossil fuels such as petrol, diesel, LPG and others to electric car batteries in Electric Vehicles (EVs). Further, electric cars evolved at pace due to fewer emissions compared to conventional vehicles and continuous developments in science and technology are taking place.
Many countries have regulated the stringent regulations towards the emission norms, which proportionally contributed to global electric car market growth. Furthermore, the existence of electric cars increases globally, then the demand for electric car batteries also driven parallel witnessing the electric car batteries market growth.
Increasing concerns towards the negative impact on climate change on environmental conservation with the increase in pollution levels recorded in metropolitan cities have created a significant potential for electric cars. Further, various government agencies and authorities are encouraging the sales of these electric cars globally. The market for electric cars depends on the electric car batteries which act as major component in driving electric car batteries demand. Further, investments are made on establishment of production facilities for electric car batteries could be a growth opportunity in driving the electric car batteries market size.
The electric car manufacturers projected their productions of electric cars to a large extent but, the metals used to make electric car batteries may face supply crisis by the end of 2020. Metals such as lithium, nickel, and cobalt supplies may worsen compared to current scenario; and the electric cars production may boom in the upcoming years but, electric car batteries supply may limited due to less metal production. Furthermore, there are limited reserves of lithium, cobalt, and nickel existing on earth. However, electric car battery manufacturers should replace these metals with other metals to overcome the production demand.
Giant electric car manufacturers in the industry are collaborating with battery makers to meet the production demand and to promote their business presence. These type collaborations and deal between key vendors in the electric car batteries market enables them to increase the production capacity of electric car batteries.
For instance, in September 2019 Volkswagen signed a deal with Sweden's Northvolt to build a large battery factory in Germany. Further, the production electric cars batteries are estimated by begin in late 2023 or early 2024. Further, Germany region rely on China for Lithium-Ion Batteries and the dependence on China to meet the demand for electric car batteries is expected to be eliminated in future.
Based on propulsion type, the electric car batteries are categorized into Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Hybrid Electric Vehicle. Hybrid electric vehicles are attributed for growth opportunities of electric car batteries, when the electric car battery discharges then, consumers may shift to fossil fuels such as petrol, diesel, and others.
Further, the electric car batteries are segmented into three types based on battery types into lithium ion battery, lead acid battery, and nickel metal alloy hydride battery. Among these, lithium battery accounted for major share due to its ease of abundance, availability, and effective cost.
Vehicle types of electric car batteries are segmented in to passenger cars, and commercial cars. Among these, passenger cars lead the global electric car battery market due to consumer preferences shifting from conventional vehicles such as petrol, diesel, and others to electrical vehicles. Easy availability of electrification stations across various locations due to rapid industrialization and urbanization. Furthermore, penetration of passenger cars in rural areas may tend to avail growth opportunities to drive the electric car batteries market size.
Asia pacific holds the major share in global electric car batteries market due to large population, industrialization, and government initiatives to encourage electric vehicles. China contributed for major production base of electric car batteries globally. Further, government initiatives such as subsidiaries and tax exception rates are estimated to encourage the penetration of electric car batteries to a large extend.
Global Electric Car Battery Market Insights
The 2019 series of global market size, share, outlook, trends and growth prospects is a comprehensive analysis on global Electric Car Battery market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of Electric Car Battery market, detailed porter’s five forces analysis and competitive insights are included in the research report.
Global Electric Car Battery Market Size by Propulsion Type
Amidst increasing emphasis on new Propulsion Types and stagnant growth of conventional large Propulsion Types, the report presents in-depth insights into each of the leading Electric Car Battery Propulsion Type verticals along with annual forecasts to 2025. Various Propulsion Types that are studied in the report include Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Hybrid Electric Vehicle.
Global Electric Car Battery Market Size by Battery Type
The report presents the detailed annual outlook of each battery type of the Electric Car Battery market to 2025. Lithium ion battery, lead acid battery, and nickel metal alloy hydride battery are three battery types included in the Electric Car Battery market report. Of these battery types, Lithium ion battery occupies major share in the global industry.
Global Electric Car Battery Market Size by Vehicle Type
The report presents the detailed annual outlook of each vehicle type of the electric car battery market to 2025. Commercial cars and passenger cars are the two vehicle types included in the electric car battery market report.
Global Electric Car Battery Market Revenue by Region
The current Electric Car Battery market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2025 are also included in the research report. Globally, Asia Pacific is the major revenue contributor to the global market.
Global Electric Car Battery Market Analysis by Company
Top 10 leading companies in global Electric Car Battery market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and Electric Car Battery products & services.
Global Electric Car Battery Market News and Recent Developments
Latest news and industry developments in terms of Electric Car Battery capacity expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.
Scope
Long term perspective on the Electric Car Battery industry: 2018 (base year), 2019- 2025 (forecast period)
Electric Car Battery Market- Forecasts by Segments- By Propulsion Type, By Battery Type, and By Vehicle Type by geography.
- The report categorizes the market based on Propulsion Type into 3 categories such as Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Hybrid Electric Vehicle.
- Based on battery types, this report is segmented into 3 categorises that include lithium ion battery, lead acid battery, and nickel metal alloy hydride battery.
- The report segmented the market based on vehicle types into 2 categorise including passenger cars, and commercial cars.
- Electric Car Battery market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.
Electric Car Battery Market- Strategic Analysis Review
- Key strategies opted by leading players
- Short to Long Term Industry Trends
- Porter’s Five Forces Analysis
- Supply side and Demand Side Drivers and Challenges
Electric Car Battery Market- Growth Opportunities
- Potential New Business Opportunities
- Key Areas of Focus in forecast period
Electric Car Battery Market- Competitive Scenario
- 10 companies are analysed in the report including Panasonic Corporation, Mitsubishi Electric Corporation, LG Chem Ltd., Samsung Electronics Co. Ltd., GSR Capital (Automotive Energy Supply Corporation), BYD Company Limited (BYD Auto Co., Ltd.), Wanxiang Group Corporation, Beijing Pride Power Battery Technology Co Ltd, Tianneng Power International Limited, and Enersys (Quallion LLC).
- Company Peer-to-Peer Comparison
- Company Profile and SWOT Analysis
- Financial Analysis
Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Electric Car Battery Market
2.1 Global Electric Car Battery Market Snapshot, 2018
2.2 Electric Car Battery Industry Overview
2.3 Research Perspective
3. Global Electric Car Battery Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Electric Car Battery Market
3.2 Leading Electric Car Battery Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Electric Car Battery
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Electric Car Battery Market Outlook and Growth Opportunities by Propulsion Type
4.1 Electric Car Battery Demand in Battery Electric Vehicle, Market Outlook, 2019- 2025
4.2 Electric Car Battery Demand in Plug-in Hybrid Electric Vehicle, Market Outlook, 2019- 2025
4.3 Electric Car Battery Demand in Hybrid Electric Vehicle, Market Outlook, 2019- 2025
5. Global Electric Car Battery Market Outlook and Growth Opportunities by Battery Type
5.1 Electric Car Battery Demand in lithium ion battery, Market Outlook, 2019- 2025
5.2 Electric Car Battery Demand in lead acid battery, Market Outlook, 2019- 2025
5.3 Electric Car Battery Demand in nickel metal alloy hydride battery, Market Outlook, 2019- 2025
6. Global Electric Car Battery Market Outlook and Growth Opportunities by vehicle Type
6.1 Electric Car Battery Demand in Commercial Cars, Market Outlook, 2019- 2025
6.2 Electric Car Battery Demand in Passenger Cars, Market Outlook, 2019- 2025
7. Asia Pacific Electric Car Battery Market Outlook and Growth Opportunities
7.1 Key Findings, 2018
7.2 Asia Pacific Electric Car Battery Market Outlook by Propulsion Type, 2019- 2025
7.3 Asia Pacific Electric Car Battery Market Outlook by Battery Type, 2019- 2025
7.4 Asia Pacific Electric Car Battery Market Outlook by Vehicle Type, 2019- 2025
7.5 Asia Pacific Electric Car Battery Market Outlook by Country, 2019- 2025
8. Europe Electric Car Battery Market Outlook and Growth Opportunities
8.1 Key Findings, 2018
8.2 Europe Electric Car Battery Market Outlook by Propulsion Type, 2019- 2025
8.3 Europe Electric Car Battery Market Outlook by Battery Type, 2019- 2025
8.4 Europe Electric Car Battery Market Outlook by Vehicle Type, 2019- 2025
8.5 Europe Electric Car Battery Market Outlook by Country, 2019- 2025
9. North America Electric Car Battery Market Outlook and Growth Opportunities
9.1 Key Findings, 2018
9.2 North America Electric Car Battery Market Outlook by Propulsion Type, 2019- 2025
9.3 North America Electric Car Battery Market Outlook by Battery Type, 2019- 2025
9.4 North America Electric Car Battery Market Outlook by Vehicle Type, 2019- 2025
9.5 North America Electric Car Battery Market Outlook by Country, 2019- 2025
10. South & Central America Electric Car Battery Market Outlook and Growth Opportunities
10.1 Key Findings, 2018
10.2 South & Central America Electric Car Battery Market Outlook by Propulsion Type, 2019- 2025
10.3 South & Central America Electric Car Battery Market Outlook by Battery Type, 2019- 2025
10.4 South & Central America Electric Car Battery Market Outlook by Vehicle Type, 2019- 2025
10.5 South & Central America Electric Car Battery Market Outlook by Country, 2019- 2025
11. Middle East & Africa Electric Car Battery Market Outlook and Growth Opportunities
11.1 Key Findings, 2018
11.2 Middle East & Africa Electric Car Battery Market Outlook by Propulsion Type, 2019- 2025
11.3 Middle East & Africa Electric Car Battery Market Outlook by Battery Type, 2019- 2025
11.4 Middle East & Africa Electric Car Battery Market Outlook by Vehicle Type, 2019- 2025
11.5 Middle East & Africa Electric Car Battery Market Outlook by Country, 2019- 2025
12. Competitive Landscape
12.1 Leading Players (Company Profile, SWOT Analysis, Electric Car Battery Products, Financial Analysis)
12.1.1 Panasonic Corporation
12.1.2 Mitsubishi Electric Corporation
12.1.3 LG Chem Ltd.
12.1.4 Samsung Electronics Co. Ltd.
12.1.5 GSR Capital (Automotive Energy Supply Corporation)
12.1.6 BYD Company Limited (BYD Auto Co., Ltd.)
12.1.7 Wanxiang Group Corporation
12.1.8 Beijing Pride Power Battery Technology Co Ltd
12.1.9 Tianneng Power International Limited
12.1.10 Enersys (Quallion LLC)
12.2 Company Benchmarking
12.3 Financial Analysis
13. Recent News and Deals Landscape
13.1 Mergers and Acquisitions
13.2 New Product Launches
13.2 Asset Transactions
13.3 Financial Announcements
14. Appendix
14.1 OGAnalysis Expertise
14.2 Sources and Research Methodology
14.3 Contact Information
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