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EVバッテリー市場ー業界洞察、主要プレーヤー・企業別、成長機会別、最新傾向別、開発別、主要な成長ドライバー別、主要な課題別によってセグメンテーション、予測 2025年


[ 英語タイトル ] 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 & Region - Global Forecast to 2025


Product Code : MNMAT00114065
Survey : MarketsandMarkets
Publish On : May, 2021
Number of Pages : 244
Category : Automotive and Transportation
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD4950 / Question Form
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[Report Description]

The global EV battery market is projected to grow at a CAGR of 25.3% from USD 27.3 billion in 2021 to USD 67.2 billion by 2025. Factors such as improving battery technology, supporting government policies and regulations, and launch of new plug-in EV models will drive the EV battery market.
EV battery manufacturers have achieved innovative solutions in battery composition as well as battery design. An important focus on R&D in EV batteries is also on the reduction of volume that the battery occupies. For example, Samsung SDI modified the anode-cathode battery separator significantly to reduce the battery size. A Chinese EV battery manufacturer, CATL came up with ‘blade-thin’ battery cells that have a thickness of around a centimeter. The cells are stacked up to form a battery system.
Apart from reducing battery size, companies are also working on using different battery materials for improved battery performance. Companies like Toshiba, Targray, and Altairnano have adopted lithium titanate and graphite as anode and cathode materials, respectively. The materials improve battery safety and lifetime. In addition, there is a significant emphasis on the location of the battery in an EV. Unlike traditional vehicles where starter motor batteries are placed close to the engine at the front, the EV battery systems occupy a significantly large portion of the car space and are often placed at the bottom of the vehicle. Researchers are synthesizing battery systems such that they are smaller in size, have more energy density, and can be placed closer to drive wheels such that the size of the drivetrain is reduced as much as possible.
Recent developments in the electric vehicle market have led to the introduction of batteries with improved specifications. While these batteries are expected to enhance the performance and range of electric vehicles, factors such as the limited range of electric vehicles, significant charging time required, high price of EV batteries, the life of batteries, and availability of charging stations make users hesitant to opt for electric vehicles over ICE vehicles. Thus, EV battery manufacturers are focusing on overcoming these factors by developing advanced batteries with innovative fast- and rapid-charging solutions.
As of January 2021, the global EV battery market, by propulsion, is dominated by hybrid electric vehicles. Electric vehicles were initially commercialized to reduce the emissions from traditional fossil-fuel run ICE vehicles. As a result, hybrid electric vehicles still hold the largest share of the market as of 2021. However, the increasing focus on replacing conventional ICE vehicles with environment-friendly vehicles that run on pure electrical energy is expected to boost the market for BEVs exponentially, creating opportunities for EV battery makers.
“The medium & heavy trucks segment is expected to be the fastest segment in the forecast.”
Medium trucks are generally used for distribution and refuse services, while heavy trucks are preferred for long haul transportation. The use of electricity as a fuel in medium & heavy trucks have encouraged several OEMs to launch electric trucks in 2021, which will eventually boost the EV battery market. For example, Navistar, which has launched its new business unit called NEXT eMobility Solutions, has plans to introduce international medium-duty electric trucks in 2021. The Tesla Semi, Tesla’s electric heavy-duty truck with a range of 500 miles, is also expected to begin production in 2021. All these upcoming projects raise the production of electric vehicle batteries globally and thereby drive the EV battery market.
North America is to lead the market for medium & heavy trucks during the forecast period. The presence of OEMs like Peterbilt, Freightliner, Kenworth, and Navistar and their focus on the production of electric medium-duty trucks drive the market in this region. The demand for these trucks is expected to boost the EV battery market, due to the increasing adoption of these trucks for refuse and distribution services. In January 2020, Frito-Lay took delivery of its first Peterbilt EV medium truck model.

“Electrolyte is expected to be the largest li-ion battery component segment in the forecast period.”
An electrolyte is an electrically conducted solution present in lithium-ion batteries. It acts as a medium inside the battery that allows ions to move freely between positive and negative electrodes. The electrolyte helps attain safety and high performance in lithium-ion batteries. There are many different types of compositions possible and available, yet not all of them are compatible with other battery components.
Most electrolytes in lithium-ion batteries are non-aqueous solutions. Electrolytes used for such battery type consist of lithium hexafluorophosphate (LiPF6) salts and organic carbonate solvents such as Ethylene Carbonate (EC). Electrolyte operating temperature is limited and is between -20 0C and +50 0C. When electrolytes are exposed to environments that are not within this range of temperature, they could be permanently damaged.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I - 52%, Tier II - 9%, and OEMs - 39%
• By Designation: CXOs - 24%, Director Level - 45%, and Others - 31%
• By Region: North America - 29%, Europe - 38%, and Asia Pacific - 33%
The EV battery market comprises major companies such as players CATL (China), Panasonic (Japan), LG Chem (South Korea), BYD (China), and Samsung SDI (South Korea).
Research Coverage:
The study covers the EV battery market size and future growth potential across different segments such as by battery type, battery capacity, battery form, method, material type, propulsion, vehicle type, li-ion battery component, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
• The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall EV battery market and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

1 INTRODUCTION 28
1.1 OBJECTIVES OF THE STUDY 28
1.2 MARKET DEFINITION 29
1.2.1 INCLUSIONS & EXCLUSIONS 30
TABLE 1 INCLUSIONS & EXCLUSIONS FOR EV BATTERY MARKET 30
1.3 MARKET SCOPE 31
FIGURE 1 MARKET SEGMENTATION: EV BATTERY MARKET 31
1.3.1 YEARS CONSIDERED FOR THE STUDY 32
1.4 STAKEHOLDERS 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 2 RESEARCH DESIGN 33
FIGURE 3 RESEARCH METHODOLOGY MODEL 34
2.1.1 SECONDARY DATA 35
2.1.1.1 List of key secondary sources 35
2.1.1.2 Key data from secondary sources 36
2.1.2 PRIMARY DATA 37
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 37
2.1.2.1 List of primary participants 38
2.2 MARKET ESTIMATION METHODOLOGY 38
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 39
2.3 MARKET SIZE ESTIMATION 40
2.3.1 BOTTOM-UP APPROACH 40
FIGURE 6 GLOBAL EV BATTERY MARKET SIZE: BOTTOM-UP APPROACH 40
2.3.2 TOP-DOWN APPROACH 41
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR EV BATTERY MARKET: TOP-DOWN APPROACH 41
FIGURE 8 EV BATTERY MARKET: RESEARCH DESIGN & METHODOLOGY 41
FIGURE 9 EV BATTERY MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF SAMSUNG SDI REVENUE ESTIMATION 42
2.3.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE 42
2.4 DATA TRIANGULATION 43
FIGURE 10 DATA TRIANGULATION 43
2.5 FACTOR ANALYSIS 44
2.6 RESEARCH ASSUMPTIONS 44
2.7 RESEARCH LIMITATIONS 45
3 EXECUTIVE SUMMARY 46
FIGURE 11 EV BATTERY MARKET: MARKET DYNAMICS 47
FIGURE 12 EV BATTERY MARKET, BY REGION, 2021–2025 48
FIGURE 13 PASSENGER CARS SEGMENT ESTIMATED TO LEAD EV BATTERY MARKET FROM 2021 TO 2025 49
3.1 COVID-19 IMPACT ON EV BATTERY MARKET, 2018–2025 49
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES IN THE EV BATTERY MARKET 51
FIGURE 14 INCREASING ADOPTION OF ELECTRIC VEHICLES AND GROWING GOVERNMENT INCENTIVES WILL DRIVE THE MARKET IN THE NEXT 5 YEARS 51
4.2 EV BATTERY MARKET, BY REGION 52
FIGURE 15 ASIA PACIFIC IS ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE EV BATTERY MARKET IN 2021 52
4.3 ASIA PACIFIC EV BATTERY MARKET, BY COUNTRY & VEHICLE TYPE 52
FIGURE 16 CHINA ESTIMATED TO BE THE LARGEST EV BATTERY MARKET IN ASIA PACIFIC IN 2021 52
4.4 EV BATTERY MARKET, BY VEHICLE TYPE 53
FIGURE 17 PASSENGER CARS SEGMENT EXPECTED TO BE THE LARGEST SEGMENT FROM 2021 TO 2025 53
4.5 EV BATTERY MARKET, BY PROPULSION 53
FIGURE 18 FCEV SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (BY VOLUME) 53
4.6 EV BATTERY MARKET, BY BATTERY FORM 54
FIGURE 19 PRISMATIC SEGMENT EXPECTED TO BE THE LARGEST SEGMENT FROM
2021 TO 2025 54
4.7 EV BATTERY MARKET, BY METHOD 54
FIGURE 20 LASER BONDING SEGMENT IS PROJECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD (BY VOLUME) 54
4.8 EV BATTERY MARKET, BY MATERIAL 55
FIGURE 21 LITHIUM IS ESTIMATED TO BE THE LARGEST SEGMENT IN 2021 55
4.9 EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT 55
FIGURE 22 ELECTROLYTE IS ESTIMATED TO BE THE LARGEST SEGMENT IN
2021 (BY VALUE) 55
4.10 EV BATTERY MARKET, BY BATTERY CAPACITY 56
FIGURE 23 50-110 KWH IS ESTIMATED TO BE THE LARGEST SEGMENT IN 2021 56
4.11 EV BATTERY MARKET, BY BATTERY TYPE 56
FIGURE 24 LITHIUM-ION BATTERY TYPE IS ESTIMATED TO BE THE LARGEST SEGMENT IN 2021 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 58
FIGURE 25 EV BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 58
5.2.1.1 Increasing demand for electric vehicles 58
TABLE 2 GOVERNMENT INCENTIVES, BY COUNTRY 59
5.2.1.2 Improvement in battery technology 59
TABLE 3 EV BATTERY IMPROVEMENTS/INNOVATION 60
5.2.1.3 Government policies & regulations 60
TABLE 4 GOVERNMENT REGULATIONS 61
5.2.1.4 Launch of new plug-in models by major EV manufacturers 61
TABLE 5 PARTNERSHIPS BY OEMS 62
5.2.2 RESTRAINTS 62
5.2.2.1 Procurement concerns related to raw materials 62
5.2.2.2 Concerns over battery safety 63
5.2.3 OPPORTUNITIES 63
5.2.3.1 Rising electric micromobility 63
FIGURE 26 GLOBAL EV SALES, 2017-2019 63
5.2.3.2 Introduction of the battery-as-a-service model (BaaS) 64
5.2.4 CHALLENGES 64
5.2.4.1 Reduction in subsidies in major markets 64
TABLE 6 SUBSIDIES OFFERED FOR ELECTRIC VEHICLES IN CHINA 64
5.2.4.2 Charging-related issues 65
5.2.5 IMPACT OF MARKET DYNAMICS 65
TABLE 7 IMPACT OF MARKET DYNAMICS 65
5.3 EV BATTERY MARKET, MARKET SCENARIOS (2021–2025) 66
FIGURE 27 EV BATTERY MARKET: FUTURE TRENDS & SCENARIOS, 2020–2025 66
5.3.1 MOST LIKELY SCENARIO 67
TABLE 8 EV BATTERY MARKET: MOST LIKELY SCENARIO, BY REGION,
2018–2025 (USD MILLION) 67
5.3.2 OPTIMISTIC SCENARIO 67
TABLE 9 EV BATTERY MARKET: OPTIMISTIC SCENARIO, BY REGION,
2020–2025 (USD MILLION) 67
5.3.3 PESSIMISTIC SCENARIO 68
TABLE 10 EV BATTERY MARKET: PESSIMISTIC SCENARIO, BY REGION,
2020–2025 (USD MILLION) 68
5.4 PORTER’S FIVE FORCES 68
FIGURE 28 PORTER’S FIVE FORCES: EV BATTERY MARKET 69
5.4.1 THREAT OF NEW ENTRANTS 69
5.4.1.1 Major automobile giants entering the EV market 69
5.4.1.2 Emergence of new companies 69
5.4.1.3 Incentives by governments throughout the world for EV battery manufacturing 69
5.4.1.4 Strict safety regulations 70

5.4.2 THREAT OF SUBSTITUTES 70
5.4.2.1 Types of automobile batteries 70
5.4.2.2 Threat of substitution of lithium-ion battery 70
5.4.2.3 Development of new types of batteries 70
5.4.2.4 Development of alternative clean-fuel vehicles 70
5.4.3 BARGAINING POWER OF BUYERS 70
5.4.3.1 Declining prices of EV batteries 70
5.4.3.2 Increased demand for EV batteries 70
5.4.3.3 Major buyers of EV batteries 70
5.4.3.4 Increasing demand for micro-mobility 71
5.4.3.5 Demand for EVs for public transportation 71
5.4.4 BARGAINING POWER OF SUPPLIERS 71
5.4.4.1 Change in demand of major raw materials 71
5.4.4.2 Prices of major raw materials 71
5.4.4.3 Emphasis on eliminating the requirement of certain raw materials 71
5.4.4.4 Limited sources and non-uniform distribution of raw materials 71
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 71
5.4.5.1 Currently limited number of major players 71
5.4.5.2 Exceptional growth of certain companies 71
5.4.5.3 Heavy R&D in battery technology 72
5.4.5.4 Requirement of technical know-how 72
5.4.5.5 Entry of large automakers in EV market 72
5.5 PRICING ANALYSIS 72
FIGURE 29 PRICE OF EV BATTERY PER KWH 72
FIGURE 30 COST PER KWH OF MAJOR RAW MATERIALS USED IN EV BATTERIES 73
FIGURE 31 COST BREAKDOWN OF CELL BY MATERIALS/COMPONENTS 73
FIGURE 32 TOTAL COST OF LITHIUM-ION BATTERY CELL 74
5.6 SUPPLY CHAIN ANALYSIS 74
FIGURE 33 EV BATTERY MARKET: SUPPLY CHAIN ANALYSIS 74
FIGURE 34 EV BATTERY MARKET: VALUE CHAIN ANALYSIS 75
5.7 ECOSYSTEM 75
TABLE 11 TOP EV WITH BATTERY SPECIFICATION 76
5.8 TECHNOLOGY ANALYSIS 76
5.8.1 INTRODUCTION 76
5.8.2 IMPROVEMENT IN BATTERY COMPOSITION 77
5.8.3 IMPROVEMENT IN BATTERY CHARGING RATE 77
FIGURE 35 CHARGING TIME FOR CARS, BY MODEL (IN HOURS) 78
5.8.4 BATTERY DESIGN AND LOCATION IN EV 78
5.8.5 BATTERY RELATED SERVICES 79
5.8.6 BATTERY OPTIMIZATION 79
5.9 PATENT ANALYSIS 79
TABLE 12 IMPORTANT PATENT REGISTRATIONS RELATED TO EV BATTERY MARKET 79
5.10 CASE STUDY 79
5.10.1 TESLA CLAIMS TO REDUCE BATTERY COSTS BY INNOVATION 79
5.10.2 INDIAN OIL CORPORATION LIMITED (IOCL) LAUNCHES BATTERY SWAPPING SERVICE 80
5.10.3 CATL DEVELOPING NO NICKEL, NO COBALT EV BATTERY 80
5.10.4 PANASONIC ANNOUNCES DEVELOPMENT OF SOLID-STATE BATTERY 80
5.11 TRADE/SALES DATA 81
5.11.1 CHINA 81
TABLE 13 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN CHINA (UNITS) 81
5.11.2 JAPAN 81
TABLE 14 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN JAPAN (UNITS) 81
5.11.3 SOUTH KOREA 81
TABLE 15 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN SOUTH KOREA (UNITS) 81
5.11.4 INDIA 81
TABLE 16 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN INDIA (UNITS) 81
5.11.5 US 82
TABLE 17 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN US (UNITS) 82
5.11.6 GERMANY 82
TABLE 18 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN GERMANY (UNITS) 82
5.11.7 UK 82
TABLE 19 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN UK (UNITS) 82
5.11.8 NORWAY 82
TABLE 20 ELECTRIC VEHICLE SALES (BEV AND PHEV) IN NORWAY (UNITS) 82
5.12 REGULATORY OVERVIEW 83
TABLE 21 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY PERFORMANCE 83
TABLE 22 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY DURABILITY 84
TABLE 23 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY SAFETY 84
TABLE 24 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY RECYCLING 84
5.13 EV BATTERY MARKET: COVID-19 IMPACT 85
5.13.1 IMPACT ON RAW MATERIAL SUPPLY 85
5.13.2 IMPACT ON BATTERY PRODUCTION 85
5.13.3 IMPACT DUE TO SLOWDOWN OF EV DEMAND 85
6 EV BATTERY MARKET, BY BATTERY TYPE 86
6.1 INTRODUCTION 87
FIGURE 36 EV BATTERY MARKET, BY BATTERY TYPE, 2021 VS. 2025 (UNITS) 87
TABLE 25 EV BATTERY MARKET, BY BATTERY TYPE, 2018–2025 (UNITS) 88
6.2 OPERATIONAL DATA 88
TABLE 26 ELECTRIC COMMERCIAL VEHICLE DATA, BY COMPANY, MODEL & BATTERY TYPE 88
FIGURE 37 US: PLUG-IN SALES, BY MODEL 89
6.2.1 RESEARCH METHODOLOGY 89
6.2.2 ASSUMPTIONS 90
6.2.3 KEY PRIMARY INSIGHTS 90
FIGURE 38 KEY PRIMARY INSIGHTS 90
6.3 LITHIUM-ION 90
6.3.1 HIGH ENERGY DENSITY AND LONG-LIFE CYCLE DRIVE THIS SEGMENT 90
FIGURE 39 COMPARATIVE EVALUATION OF ELECTRIC VEHICLES USING LITHIUM-ION BATTERY 90
TABLE 27 LITHIUM-ION BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 91
6.4 LEAD-ACID 91
6.4.1 DEVELOPMENT OF ADVANCED LEAD-ACID BATTERY WILL DRIVE THE MARKET IN FUTURE 91
6.5 NICKEL-METAL HYDRIDE 91
6.5.1 LONG LIFE CYCLE AND HIGH TOLERANCE OF NICKEL METAL HYDRIDE BATTERIES WILL DRIVE THEIR DEMAND 91
6.6 SOLID-STATE 92
6.6.1 HIGH ENERGY STORAGE CAPABILITY OF SOLID-STATE BATTERIES FUEL THEIR DRIVE DEMAND 92
TABLE 28 US TRANSIT AGENCIES USING BATTERY-POWERED ELECTRIC BUSES 92
TABLE 29 SOLID-STATE MARKET, BY REGION, 2018–2025 (UNITS) 93
6.7 OTHERS 93
TABLE 30 OTHERS: EV BATTERIES MARKET, BY REGION, 2018–2025 (UNITS) 93
7 EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT 94
7.1 INTRODUCTION 95
FIGURE 40 EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT, 2021 VS. 2025 95
TABLE 31 EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT,
2018–2025 (USD MILLION) 96
7.2 OPERATIONAL DATA 96
TABLE 32 ELECTROLYTE SOLVENTS, BY TEMPERATURE & FLASHPOINT 96
TABLE 33 MOST COMMONLY USED LITHIUM-ION BATTERIES AND THEIR SPECIFICATIONS 97
7.2.1 RESEARCH METHODOLOGY 97
7.2.2 ASSUMPTIONS 98
7.2.3 KEY PRIMARY INSIGHTS 98
FIGURE 41 KEY PRIMARY INSIGHTS 98
7.3 NEGATIVE ELECTRODE 98
7.3.1 HIGH PRESENCE OF NEGATIVE ELECTRODE COMPANIES WILL DRIVE THE MARKET IN ASIA PACIFIC 98
TABLE 34 NEGATIVE ELECTRODE IN EV BATTERY MARKET, BY REGION,
2018–2025 (USD MILLION) 98
7.4 POSITIVE ELECTRODE 99
7.4.1 DEMAND FOR HIGH PERFORMANCE AND LONG-LIFE CYCLE CELLS WILL DRIVE THE MARKET 99
TABLE 35 POSITIVE ELECTRODE IN EV BATTERY MARKET, BY REGION,
2018–2025 (USD MILLION) 99

7.5 ELECTROLYTE 99
7.5.1 SAFETY AND HIGH PERFORMANCE OF BATTERIES DRIVE THE MARKET FOR ELECTROLYTE 99
TABLE 36 ELECTROLYTE IN EV BATTERY MARKET, BY REGION,
2018–2025 (USD MILLION) 100
7.6 SEPARATOR 100
7.6.1 NEED FOR SEPARATORS IN BATTERIES TO ATTAIN TEMPERATURE STABILITY WILL DRIVE THE MARKET 100
TABLE 37 SEPARATOR IN EV BATTERY MARKET, BY REGION,
2018–2025 (USD MILLION) 100
8 EV BATTERY MARKET, BY PROPULSION 101
8.1 INTRODUCTION 102
FIGURE 42 EV BATTERY MARKET, BY PROPULSION, 2021 VS. 2025 102
TABLE 38 EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 103
8.2 OPERATIONAL DATA 103
TABLE 39 REGION-WISE EV SALES DATA, 2016-2019, (THOUSAND UNITS) 103
TABLE 40 ELECTRIC COMMERCIAL VEHICLE DATA, BY COMPANY, MODEL & PROPULSION TYPE 103
8.2.1 RESEARCH METHODOLOGY 104
8.2.2 ASSUMPTIONS 104
8.2.3 KEY PRIMARY INSIGHTS 104
FIGURE 43 KEY PRIMARY INSIGHTS 104
8.3 BATTERY ELECTRIC VEHICLES (BEVS) 104
TABLE 41 BEV: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 105
8.4 HYBRID ELECTRIC VEHICLES (HEVS) 105
TABLE 42 HEV: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 105
8.5 PLUG-HYBRID ELECTRIC VEHICLES (PHEVS) 106
TABLE 43 PHEV: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 106
8.6 FUEL CELL ELECTRIC VEHICLES (FCEVS) 106
TABLE 44 FCEV: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 106
9 EV BATTERY MARKET, BY VEHICLE TYPE 107
9.1 INTRODUCTION 108
FIGURE 44 EV BATTERY MARKET, BY VEHICLE TYPE, 2021 VS. 2025 108
TABLE 45 EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 109
TABLE 46 EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 109
9.2 OPERATIONAL DATA 110
TABLE 47 ELECTRIC VEHICLES, BY MODEL, VEHICLE TYPE & PROPULSION 110
9.2.1 RESEARCH METHODOLOGY 111
9.2.2 ASSUMPTIONS 111
9.2.3 KEY PRIMARY INSIGHTS 111
FIGURE 45 KEY PRIMARY INSIGHTS 111

9.3 PASSENGER CARS 111
9.3.1 GROWING EMISSION NORMS FO PASSENGER CARS WILL BOOST THE DEMAND FOR EV BATTERIES 111
TABLE 48 EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2018–2025 (UNITS) 112
TABLE 49 EV BATTERY MARKET IN PASSENGER CARS, BY REGION,
2018–2025 (USD MILLION) 112
TABLE 50 EV BATTERY MARKET IN PASSENGER CARS, BY BATTERY CAPACITY,
2018–2025 (UNITS) 112
TABLE 51 <50 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION,
2018–2025 (UNITS) 113
TABLE 52 50-110 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION,
2018–2025 (UNITS) 113
TABLE 53 111-200 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2018–2025 (UNITS) 113
9.4 VANS/LIGHT TRUCKS 114
9.4.1 INCREASING DEMAND FROM LOGISTICS SECTOR EXPECTED TO DRIVE THIS SEGMENT 114
TABLE 54 EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION,
2018–2025 (UNITS) 114
TABLE 55 EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION,
2018–2025 (USD MILLION) 114
TABLE 56 EV BATTERY MARKET IN VANS/LIGHT TRUCKS: BY BATTERY CAPACITY,
2018–2025 (UNITS) 115
TABLE 57 <50 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION,
2018–2025 (UNITS) 115
TABLE 58 50-110 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2025 (UNITS) 115
TABLE 59 111-200 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2025 (UNITS) 116
TABLE 60 201-300 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2025 (UNITS) 116
TABLE 61 >300 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2025 (UNITS) 116
9.5 MEDIUM & HEAVY TRUCKS 117
9.5.1 ADOPTION OF ELECTRIC MEDIUM AND HEAVY TRUCKS FOR SHORT AND LONG RANGES TO BOOST MARKET 117
TABLE 62 EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION,
2018–2025 (UNITS) 117
TABLE 63 EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION,
2018–2025 (USD MILLION) 117
TABLE 64 EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY BATTERY CAPACITY, 2018–2025 (UNITS) 118
TABLE 65 50-110 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS,
BY REGION, 2018–2025 (UNITS) 118
TABLE 66 111-200 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS,
BY REGION, 2018–2025 (UNITS) 118
TABLE 67 201-300 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS,
BY REGION, 2018–2025 (UNITS) 119
TABLE 68 >300 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2018–2025 (UNITS) 119
9.6 BUSES 119
9.6.1 HIGH DEMAND FROM MAJOR OEMS IN ASIA PACIFIC WILL DRIVE THE MARKET SIGNIFICANTLY 119
TABLE 69 US TRANSIT AGENCIES PURCHASING BATTERY-POWERED ELECTRIC BUSES 120
TABLE 70 EV BATTERY MARKET IN BUSES, BY REGION, 2018–2025 (UNITS) 121
TABLE 71 EV BATTERY MARKET IN BUSES, BY REGION, 2018–2025 (USD MILLION) 121
TABLE 72 EV BATTERY MARKET IN BUSES, BY BATTERY CAPACITY, 2018–2025 (UNITS) 121
TABLE 73 111-200 KWH: EV BATTERY MARKET IN BUSES, BY REGION,
2018–2025 (UNITS) 121
TABLE 74 201-300 KWH: EV BATTERY MARKET IN BUSES, BY REGION,
2018–2025 (UNITS) 122
TABLE 75 >300 KWH: EV BATTERY MARKET IN BUSES, BY REGION, 2018–2025 (UNITS) 122
9.7 OFF-HIGHWAY VEHICLES 122
9.7.1 DEMAND OF HIGH POWER HEAVY-DUTY ELECTRIC TRUCKS IN AGRICULTURE AND CONSTRUCTION INDUSTRIES DRIVE THE MARKET 122
TABLE 76 EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION,
2018–2025 (UNITS) 123
TABLE 77 EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION,
2018–2025 (USD MILLION) 123
TABLE 78 EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY BATTERY CAPACITY, 2018–2025 (UNITS) 123
TABLE 79 <50 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2025 (UNITS) 124
TABLE 80 50-110 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2025 (UNITS) 124
TABLE 81 111-200 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2025 (UNITS) 124
TABLE 82 201-300 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 125
TABLE 83 >300 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2025 (UNITS) 125
10 EV BATTERY MARKET, BY BATTERY CAPACITY 126
10.1 INTRODUCTION 127
FIGURE 46 EV BATTERY MARKET, BY BATTERY CAPACITY, 2021 VS. 2025 127
TABLE 84 EV BATTERY MARKET, BY BATTERY CAPACITY, 2018–2025 (UNITS) 128
TABLE 85 EV BATTERY MARKET, BY BATTERY CAPACITY, 2018–2025 (USD MILLION) 128
TABLE 86 ELECTRIC COMMERCIAL VEHICLE DATA, BY MODEL & BATTERY CAPACITY 128
10.1.1 RESEARCH METHODOLOGY 129
10.1.2 ASSUMPTIONS 129
10.1.3 KEY PRIMARY INSIGHTS 129
FIGURE 47 KEY PRIMARY INSIGHTS 129
10.2 <50 KWH 129
10.2.1 COST FACTOR WILL DRIVE THE MARKET FOR BATTERY WITH <50 KWH CAPACITY 129
TABLE 87 <50 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 130
TABLE 88 <50 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (USD MILLION) 130
TABLE 89 <50 KWH: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 130
10.3 50-110 KWH 131
10.3.1 INCREASED DEMAND FOR ELECTRIC VANS/LIGHT TRUCKS WILL FUEL THE MARKET FOR BATTERIES WITH CAPACITY RANGING FROM 50-110 KWH 131
TABLE 90 50-110 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 131
TABLE 91 50-110 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (USD MILLION) 131
TABLE 92 50-110 KWH: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 131
10.4 111-200 KWH 132
10.4.1 DEMAND FOR ELECTRIC COMMERCIAL TRUCKS & BUSES EXPECTED TO DRIVE THIS SEGMENT 132
TABLE 93 111-200 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 132
TABLE 94 111-200 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (USD MILLION) 132
TABLE 95 111-200 KWH: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 133
10.5 201-300 KWH 133
10.5.1 BUSES AND TRUCKS WITH 201-300 KWH BATTERY CAPACITY DOMINATE CHINESE PUBLIC TRANSPORT FLEET 133
TABLE 96 201-300 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 133
TABLE 97 201-300 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (USD MILLION) 134
TABLE 98 201-300 KWH: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 134
10.6 >300 KWH 134
10.6.1 INCREASED DEMAND FOR HEAVY COMMERCIAL AND OFF-HIGHWAY VEHICLES DRIVE THE MARKET FOR BATTERIES WITH >300 CAPACITY 134
TABLE 99 >300 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 135
TABLE 100 >300 KWH: EV BATTERY MARKET, BY REGION, 2018–2025 (USD MILLION) 135
TABLE 101 >300 KWH: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 135
11 EV BATTERY MARKET, BY MATERIAL TYPE 136
11.1 INTRODUCTION 137
FIGURE 48 EV BATTERY MARKET, BY MATERIAL TYPE, 2021 VS. 2025 137
TABLE 102 EV BATTERY MARKET, BY MATERIAL TYPE, 2018–2025 (USD MILLION) 137
11.2 OPERATIONAL DATA 138
TABLE 103 TYPES OF LITHIUM-ION BATTERY CHEMISTRIES 138
11.2.1 RESEARCH METHODOLOGY 138
11.2.2 ASSUMPTIONS 139
11.2.3 KEY PRIMARY INSIGHTS 139
FIGURE 49 KEY PRIMARY INSIGHTS 139
11.3 COBALT 139
11.3.1 RESISTANCE TOWARDS HIGH TEMPERATURE WILL DRIVE THE DEMAND FOR COBALT 139
FIGURE 50 COBALT DEPLOYMENT IN ELECTRIC VEHICLES, BY REGION 140
TABLE 104 COBALT IN EV BATTERY MARKET, BY REGION, 2018–2025 (USD MILLION) 140
11.4 LITHIUM 140
11.4.1 HIGHER ENERGY DENSITY OF LITHIUM IS EXPECTED TO FUEL ITS DEMAND 140
FIGURE 51 LITHIUM DEPLOYMENT IN EVS, BY REGION 141
TABLE 105 LITHIUM IN EV BATTERY MARKET, BY REGION, 2018–2025 (USD MILLION) 141
11.5 NATURAL GRAPHITE 142
11.5.1 DEMAND FOR NATURAL GRAPHITE IN HEVS AND PHEVS IS EXPECTED TO BOOST ITS MARKET 142
FIGURE 52 NATURAL GRAPHITE RESERVES 142
TABLE 106 NATURAL GRAPHITE IN EV BATTERY MARKET, BY REGION,
2018–2025 (USD MILLION) 142
11.6 MANGANESE 143
11.6.1 ADVANCEMENT IN BATTERY TECHNOLOGY WILL DRIVE THE MARKET 143
FIGURE 53 MANGANESE RESERVES 143
TABLE 107 MANGANESE IN EV BATTERY MARKET, BY REGION,
2018–2025 (USD MILLION) 143
12 EV BATTERY MARKET, BY METHOD 145
12.1 INTRODUCTION 146
FIGURE 54 EV BATTERY MARKET, BY METHOD, 2021 VS. 2025 146
TABLE 108 EV BATTERY MARKET, BY METHOD, 2018–2025 (UNITS) 146
12.2 OPERATIONAL DATA 147
FIGURE 55 DIFFERENT BATTERY ASSEMBLY METHODS 147
12.2.1 ASSUMPTIONS 147
12.2.2 RESEARCH METHODOLOGY 147
12.2.3 KEY PRIMARY INSIGHTS 148
FIGURE 56 KEY PRIMARY INSIGHTS 148
12.3 WIRE BONDING 148
TABLE 109 WIRE BONDING: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 148
12.4 LASER BONDING 148
TABLE 110 LASER BONDING: EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 149
13 EV BATTERY MARKET, BY BATTERY FORM 150
13.1 INTRODUCTION 151
FIGURE 57 EV BATTERY MARKET, BY BATTERY FORM, 2021 VS. 2025 151
TABLE 111 EV BATTERY MARKET, BY BATTERY FORM, 2018–2025 (UNITS) 152
13.2 OPERATIONAL DATA 152
TABLE 112 EV BATTERY CELL CHARACTERISTICS 152
13.2.1 ASSUMPTIONS 152
13.2.2 RESEARCH METHODOLOGY 153
13.2.3 KEY PRIMARY INSIGHTS 153
FIGURE 58 KEY PRIMARY INSIGHTS 153

13.3 PRISMATIC 153
TABLE 113 PRISMATIC EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 154
13.4 POUCH 154
TABLE 114 POUCH EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 154
13.5 CYLINDRICAL 155
TABLE 115 CYLINDRICAL EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 155
14 EV BATTERY MARKET, BY REGION 156
14.1 INTRODUCTION 157
FIGURE 59 EV BATTERY MARKET, BY REGION, 2021 VS. 2025 157
TABLE 116 EV BATTERY MARKET, BY REGION, 2018–2025 (UNITS) 158
TABLE 117 EV BATTERY MARKET, BY REGION, 2018–2025 (USD MILLION) 158
14.2 ASIA PACIFIC 158
FIGURE 60 ASIA PACIFIC: EV BATTERY MARKET SNAPSHOT 159
TABLE 118 ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2018–2025 (UNITS) 160
TABLE 119 ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 160
14.2.1 CHINA 160
14.2.1.1 Presence of global leaders drive the market in China 160
TABLE 120 CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 161
TABLE 121 CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 161
TABLE 122 CHINA: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 161
14.2.2 JAPAN 162
14.2.2.1 Electrification of commercial vehicles expected to drive the market 162
TABLE 123 JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 162
TABLE 124 JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 162
TABLE 125 JAPAN: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 163
14.2.3 INDIA 163
14.2.3.1 Government subsidies to electric commercial vehicles will drive the market 163
TABLE 126 INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 163
TABLE 127 INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 164
TABLE 128 INDIA: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 164
14.2.4 SOUTH KOREA 165
14.2.4.1 Increasing focus on electrifying public transport will boost the market 165
TABLE 129 SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 165
TABLE 130 SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE,
2018–2025 (USD MILLION) 165
TABLE 131 SOUTH KOREA: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 166
14.2.5 THAILAND 166
TABLE 132 THAILAND: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 166
TABLE 133 THAILAND: EV BATTERY MARKET, BY VEHICLE TYPE,
2018–2025 (USD MILLION) 167
TABLE 134 THAILAND: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 167
14.3 EUROPE 167
FIGURE 61 EUROPE: EV BATTERY MARKET SNAPSHOT 168
TABLE 135 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2018–2025 (UNITS) 169
TABLE 136 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 169
14.3.1 FRANCE 170
14.3.1.1 Rise in e-logistics transport to drive the market 170
TABLE 137 FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 170
TABLE 138 FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 170
TABLE 139 FRANCE: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 171
14.3.2 GERMANY 171
14.3.2.1 Presence of leading companies expected to drive the market 171
TABLE 140 GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 171
TABLE 141 GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 172
TABLE 142 GERMANY: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 172
14.3.3 SPAIN 172
14.3.3.1 Growing commercial vehicle production projected to drive the market 172
TABLE 143 SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 173
TABLE 144 SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 173
TABLE 145 SPAIN: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 173
14.3.4 ITALY 174
14.3.4.1 Growing advancement in EVs to drive the market 174
TABLE 146 ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 174
TABLE 147 ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 174
TABLE 148 ITALY: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 174
14.3.5 UK 175
14.3.5.1 Increased demand for electric public fleets expected to drive the market 175
TABLE 149 UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 175
TABLE 150 UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 175
TABLE 151 UK: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 176
14.3.6 DENMARK 176
14.3.6.1 Favorable regulations will drive the market 176
TABLE 152 DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 176
TABLE 153 DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 177
TABLE 154 DENMARK: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 177
14.3.7 NORWAY 177
14.3.7.1 Replacement of conventional vehicles with advanced EVs is expected to drive the market 177
TABLE 155 NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 178
TABLE 156 NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025
(USD MILLION) 178
TABLE 157 NORWAY: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 178
14.3.8 SWEDEN 179
14.3.8.1 The presence of OEMs in the country will boost demand for EV battery 179
TABLE 158 SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 179
TABLE 159 SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE,
2018–2025 (USD MILLION) 179
TABLE 160 SWEDEN: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 180
14.4 NORTH AMERICA 180
TABLE 161 NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2018–2025 (UNITS) 180
TABLE 162 NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 181
14.4.1 US 181
14.4.1.1 Growing demand for electric trucks in the country will drive the market 181
TABLE 163 US: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 181
TABLE 164 US: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 182
TABLE 165 US: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 182
14.4.2 CANADA 182
14.4.2.1 Government support to promote EVs will drive the market 182
TABLE 166 CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 183
TABLE 167 CANADA: EV BATTERY MARKET, BY VEHICLE TYPE,
2018–2025 (USD MILLION) 183
TABLE 168 CANADA: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 183
14.4.3 MEXICO 184
14.4.3.1 Presence of OEMs will drive the market 184
TABLE 169 MEXICO: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (UNITS) 184
TABLE 170 MEXICO: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 184
TABLE 171 MEXICO: EV BATTERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 185
15 COMPETITIVE LANDSCAPE 186
15.1 MARKET EVALUATION FRAMEWORK 186
FIGURE 62 MARKET EVALUATION FRAMEWORK 186
15.2 OVERVIEW 186
FIGURE 63 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE EV BATTERY MARKET 187
15.3 MARKET SHARE ANALYSIS FOR EV BATTERY MARKET 188
FIGURE 64 MARKET SHARE ANALYSIS, 2020 188
15.4 MARKET RANKING ANALYSIS FOR EV BATTERY MARKET 189
FIGURE 65 MARKET RANKING ANALYSIS, 2020 189
15.5 COVID-19 IMPACT ON EV BATTERY COMPANIES 189
15.5.1 IMPACT ON RAW MATERIAL SUPPLY 189
15.5.2 IMPACT ON BATTERY PRODUCTION 189
15.5.3 IMPACT DUE TO EV DEMAND SLOWDOWN 189

15.6 COMPETITIVE SCENARIO 190
15.6.1 NEW PRODUCT DEVELOPMENTS 190
TABLE 172 NEW PRODUCT DEVELOPMENTS, 2018–2020 190
15.6.2 JOINT VENTURES/PARTNERSHIPS/AGREEMENTS/COLLABORATIONS, 2018–2020 192
TABLE 173 JOINT VENTURES/PARTNERSHIPS/AGREEMENTS/COLLABORATIONS, 2018–2020 192
15.6.3 MERGERS & ACQUISITIONS, 2018–2020 194
TABLE 174 MERGERS & ACQUISITIONS, 2018–2020 194
15.6.4 EXPANSIONS, 2018–2020 195
TABLE 175 EXPANSIONS, 2018–2020 195
15.7 COMPETITIVE LEADERSHIP MAPPING FOR EV BATTERY MARKET 195
15.7.1 STARS 196
15.7.2 EMERGING LEADERS 196
15.7.3 PERVASIVE 196
15.7.4 EMERGING COMPANIES 196
FIGURE 66 EV BATTERY MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020 197
15.8 STRENGTH OF PRODUCT PORTFOLIO 198
FIGURE 67 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN EV BATTERY MARKET 198
FIGURE 68 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN EV BATTERY MARKET 199
15.9 STARTUP/SME EVALUATION MATRIX, 2020 200
FIGURE 69 EV BATTERY MARKET: STARTUP MATRIX, 2020 200
15.10 WINNERS VS. TAIL-ENDERS 201
TABLE 176 WINNERS VS. TAIL-ENDERS 201
16 COMPANY PROFILES 202
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
16.1 CATL 202
FIGURE 70 CATL: COMPANY SNAPSHOT 202
16.2 SAMSUNG SDI 205
FIGURE 71 SAMSUNG SDI: COMPANY SNAPSHOT 205
16.3 PANASONIC 208
FIGURE 72 PANASONIC: COMPANY SNAPSHOT 208
16.4 LG CHEM 211
FIGURE 73 LG CHEM: COMPANY SNAPSHOT 211
16.5 BYD COMPANY LIMITED 214
FIGURE 74 BYD COMPANY LIMITED: COMPANY SNAPSHOT 214
16.6 VEHICLE ENERGY JAPAN CO. LTD. (UNDER HITACHI AUTOMOTIVE SYSTEMS, LTD.) 217
FIGURE 75 HITACHI: COMPANY SNAPSHOT 217
16.7 TOSHIBA CORPORATION 219
FIGURE 76 TOSHIBA CORPORATION: COMPANY SNAPSHOT 219
16.8 MITSUBISHI CORPORATION 222
FIGURE 77 MITSUBISHI CORPORATION: COMPANY SNAPSHOT 222
16.9 ENVISION AESC 225
16.10 ENERSYS 226
FIGURE 78 ENERSYS: COMPANY SNAPSHOT 226
16.11 A123 SYSTEMS (SUBSIDIARY OF WANXIANG GROUP) 229
16.12 SK INNOVATION CO. LTD. 231
FIGURE 79 SK INNOVATION CO. LTD.: COMPANY SNAPSHOT 231
16.13 GS YUASA 234
FIGURE 80 GS YUASA CORPORATION: COMPANY SNAPSHOT 234
16.14 OTHER KEY REGIONAL PLAYERS 237
16.14.1 ASIA PACIFIC 237
16.14.1.1 Exide industries limited 237
16.14.1.2 Primearth EV Energy Co., Ltd. 237
16.14.1.3 Lithium Energy Japan 237
16.14.1.4 E-One Moli Energy Corp. 237
16.14.2 NORTH AMERICA 238
16.14.2.1 Targray Technology International Inc. 238
16.14.2.2 Altair Nanotechnologies Inc. 238
16.14.2.3 Clarios 238
16.14.3 EUROPE 238
16.14.3.1 Northvolt AB 238
16.14.3.2 Leclanché SA 238
16.14.3.3 APTIV PLC 239
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
17 RECOMMENDATIONS BY MARKETSANDMARKETS 240
17.1 EV BATTERY MAKERS NEED TO KEEP UP WITH CONTINUOUS ADVANCEMENTS IN ELECTRIC VEHICLES, BATTERY TECHNOLOGIES, AND CHARGING SOLUTIONS 240
17.2 JAPAN, KOREA, AND INDIA EMERGING AS PROMISING ALTERNATIVES TO CHINA FOR SUPPLY OF COMPONENTS 240
17.3 CONCLUSION 240
18 APPENDIX 241
18.1 KEY INSIGHTS OF INDUSTRY EXPERTS 241
18.2 DISCUSSION GUIDE 241
18.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 245
18.4 AVAILABLE CUSTOMIZATIONS 247
18.5 RELATED REPORTS 247
18.6 AUTHOR DETAILS 248

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