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EV Battery Market by Battery Capacity (<50, 50-110, 111-200, 201-300 and >300), Method (Wire, Laser), Propulsion (BEV, PHEV, HEV, FCEV), Battery Type, Material Type, Li-ion Battery Component, Battery Form, Vehicle Type & Region - Global Forecast to 2027

EV Battery Market by Battery Capacity (<50, 50-110, 111-200, 201-300 and >300), Method (Wire, Laser), Propulsion (BEV, PHEV, HEV, FCEV), Battery Type, Material Type, Li-ion Battery Component, Battery Form, Vehicle Type & Region - Global Forecast to 2027

The global EV battery market is projected to grow at a CAGR of 19.0% from USD 56.4 billion in 2022 to USD 134.6 billion by 2027. The EV battery market will be driven by elements like developing battery technology, supportive governmental policies and regulations, and the introduction of new plug-in EV models.

Manufacturers of EV batteries have developed novel approaches to battery design and chemistry. The reduction of the volume that the battery takes up is another key area of attention for R&D in EV batteries. For instance, Samsung SDI considerably changed the anode-cathode battery separator in order to make the battery smaller. A Chinese EV battery manufacturer named CATL developed "blade-thin" battery cells with a centimeter-thick thickness. A battery system is made up of stacked cells system.

Apart from government initiatives and incentives, the EV battery ecosystem is witnessing various innovations when it comes to the use of advanced metals in the battery. Apart from that, there is a shift in the manner in which batteries are built. For instance, with the introduction of Cell to Pack (CTP) technology, the need for putting cells in modules has been eliminated, thereby making the battery lighter in weight. Similarly, investments by major battery players and few automotive OEMs in capacity expansions as well as green field investments are also poised to play a major role in the growth of the EV battery market.

With improving battery chemistries, the new age batteries are estimated to have better performance characteristics and low cost due to increasing mining of various metals that are used in the anode and cathode of the battery cells. Low cost coupled with better performance is estimated to cause a shift in paradigm of the battery ecosystem and create more demand for EV batteries. With rising demand for EVs, major EV manufacturers are adopting backward integration strategy when it comes to battery manufacturing which will again be a major boost for EV batteries.

The market for electric vehicles has recently undergone changes that have resulted in the introduction of batteries with better characteristics. The limited range of electric vehicles, lengthy charging times, high cost, lifespan, and accessibility of charging stations all discourage users from choosing electric vehicles over internal combustion engines (ICEs), even though these batteries are expected to improve the performance and range of electric vehicles. In order to overcome these obstacles, EV battery makers are concentrating on creating sophisticated batteries with cutting-edge fast- and rapid-charging technologies.

“The medium & heavy truck segment would grow at the quickest rate in near future.”

Heavy trucks are preferred for long-distance transportation, medium trucks are typically utilised for distribution and trash services. A number of OEMs have been inspired to introduce electric trucks in 2021 as a result of the usage of electricity as a fuel in medium and heavy vehicles. This will eventually drive up demand for EV batteries. For instance, Navistar intends to release international medium-duty electric trucks in 2021 through its newly created business segment, NEXT e Mobility Solutions. Production of Tesla's electric heavy-duty vehicle, the Tesla Semi, with a 500-mile range, is anticipated to start in 2021 as well. All of these prospective projects will increase worldwide EV battery manufacturing, driving the EV battery market.

During the forecast period, North America is expected to dominate the market for medium and heavy trucks. The market in this area is driven by OEMs like Peterbilt, Freightliner, Kenworth, and Navistar, who concentrate on making electric medium-duty trucks. Due to the growing use of these vehicles for distribution and trash services, the market for EV batteries is anticipated to grow in demand. Frito-Lay received their first Peterbilt EV medium truck model in January 2020.

“Electrolyte is anticipated to be the largest li-ion battery component segment in the forecast period.”

An electrolyte is a liquid that conducts electricity and is found in lithium-ion batteries. It serves as a conduit for ions to readily travel between the positive and negative electrodes inside the battery. In lithium-ion batteries, the electrolyte aids in achieving excellent performance and safety. There are numerous conceivable and accessible composition types, but not all of them are compatible with other battery components.

Lithium-ion batteries typically use non-aqueous solutions as their electrolytes. Salts of lithium hexafluorophosphate (LiPF6) and organic carbonate solvents, such as ethylene carbonate, are employed as electrolytes in this type of battery (EC). The range of the operating temperature of the electrolyte is -20 OC to +50 OC.

Electrolytes risk lasting harm if they are exposed to surroundings with temperatures outside of this range.

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.
Table of Contents

1INTRODUCTION26
1.1STUDY OBJECTIVES26
1.2MARKET DEFINITION27
1.2.1EV BATTERY MARKET DEFINITION, BY BATTERY TYPE27
1.2.2EV BATTERY MARKET DEFINITION, BY LI-ION BATTERY COMPONENT27
1.2.3EV BATTERY MARKET DEFINITION, BY PROPULSION28
1.2.4EV BATTERY MARKET DEFINITION, BY VEHICLE TYPE28
1.2.5EV BATTERY MARKET DEFINITION, BY MATERIAL TYPE29
1.2.6EV BATTERY MARKET DEFINITION, BY METHOD29
1.2.7EV BATTERY MARKET DEFINITION, BY BATTERY FORM30
1.3INCLUSIONS & EXCLUSIONS30
TABLE 1INCLUSIONS & EXCLUSIONS FOR EV BATTERY MARKET30
1.4MARKET SCOPE32
FIGURE 1MARKET SEGMENTATION: EV BATTERY MARKET32
1.4.1YEARS CONSIDERED32
1.5CURRENCY CONSIDERED33
TABLE 2CURRENCY EXCHANGE RATES (PER USD)33
1.6STAKEHOLDERS33
1.7SUMMARY OF CHANGES34
2RESEARCH METHODOLOGY35
2.1RESEARCH DATA35
FIGURE 2RESEARCH DESIGN35
FIGURE 3RESEARCH METHODOLOGY MODEL36
2.1.1SECONDARY DATA37
2.1.1.1Key secondary sources37
2.1.1.2Key data from secondary sources38
2.1.2PRIMARY DATA38
2.1.2.1Key data from primary sources39
2.1.2.2List of participating companies for primary research39
2.1.2.3Key industry insights40
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION40
2.1.2.4List of primary participants41
2.2MARKET ESTIMATION METHODOLOGY41
FIGURE 5RESEARCH METHODOLOGY: HYPOTHESIS BUILDING42
2.3MARKET SIZE ESTIMATION43
2.3.1BOTTOM-UP APPROACH43
FIGURE 6GLOBAL EV BATTERY MARKET SIZE: BOTTOM-UP APPROACH43
2.3.2TOP-DOWN APPROACH44
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY FOR EV BATTERY MARKET: TOP-DOWN APPROACH44
FIGURE 8EV BATTERY MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF SAMSUNG SDI REVENUE ESTIMATION44
2.3.3FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES45
2.4DATA TRIANGULATION46
FIGURE 9DATA TRIANGULATION46
2.5FACTOR ANALYSIS47
2.6RESEARCH ASSUMPTIONS47
2.7RISK ASSESSMENT48
2.8RESEARCH LIMITATIONS49
3EXECUTIVE SUMMARY50
FIGURE 10PASSENGER CARS SEGMENT ESTIMATED TO LEAD MARKET FROM 2022 TO 202750
FIGURE 11EV BATTERY MARKET, BY REGION, 2022–202751
4PREMIUM INSIGHTS52
4.1OPPORTUNITIES FOR PLAYERS IN EV BATTERY MARKET52
FIGURE 12INCREASING ADOPTION OF ELECTRIC VEHICLES AND GROWING GOVERNMENT INCENTIVES TO DRIVE MARKET52
4.2EV BATTERY MARKET, BY VEHICLE TYPE52
FIGURE 13PASSENGER CARS SEGMENT EXPECTED TO DOMINATE MARKET DURING FORECAST PERIOD52
4.3EV BATTERY MARKET, BY PROPULSION53
FIGURE 14FCEV SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD53
4.4EV BATTERY MARKET, BY BATTERY FORM53
FIGURE 15PRISMATIC SEGMENT EXPECTED TO LEAD MARKET FROM 2022 TO 202753
4.5EV BATTERY MARKET, BY MATERIAL54
FIGURE 16LITHIUM SEGMENT ESTIMATED TO LEAD MARKET IN 202254
4.6EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT54
FIGURE 17ELECTROLYTE SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 202754
4.7EV BATTERY MARKET, BY BATTERY CAPACITY55
FIGURE 1850–110 KWH SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD55
4.8EV BATTERY MARKET, BY BATTERY TYPE55
FIGURE 19LITHIUM-ION BATTERY SEGMENT ESTIMATED TO BE LARGEST BATTERY TYPE SEGMENT IN 202255
4.9EV BATTERY MARKET, BY REGION56
FIGURE 20ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 202256
5MARKET OVERVIEW57
5.1INTRODUCTION57
TABLE 3IMPACT OF MARKET DYNAMICS58
5.2MARKET DYNAMICS59
FIGURE 21EV BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES59
5.2.1DRIVERS59
5.2.1.1Increasing demand for electric vehicles59
FIGURE 22BEV, HEV, AND PHEV SALES DATA FOR MAJOR COUNTRIES, THOUSAND UNITS (2019–2021)60
5.2.1.2Improvements in battery technology60
TABLE 4EV BATTERY IMPROVEMENTS/INNOVATIONS61
FIGURE 23DAWN OF EUROPEAN GIGAFACTORIES: ANNOUNCED LITHIUM-ION BATTERY CELL PRODUCTION SITES62
5.2.1.3Faster charging speed to enable plug and charge use of EVs62
FIGURE 24TIME REQUIRED TO CHARGE ELECTRIC VEHICLES63
5.2.1.4Government policies and regulations64
FIGURE 25EV-RELATED POLICIES ACROSS MAJOR MARKETS65
TABLE 5GOVERNMENT INITIATIVES (2019–2022)65
5.2.1.5Launch of new plug-in models by major EV manufacturers66
TABLE 6LATEST EV MODELS BY OEMS66
TABLE 7PARTNERSHIPS AND SUPPLY CONTRACTS BY OEMS69
5.2.2RESTRAINTS69
5.2.2.1Procurement concerns related to raw materials69
FIGURE 26COBALT RESERVES, BY COUNTRY70
FIGURE 27LITHIUM RESERVES, BY COUNTRY71
5.2.2.2Lack of charging infrastructure71
FIGURE 28RATIO OF PUBLIC CHARGERS PER EV STOCK, BY COUNTRY (2020)72
5.2.3OPPORTUNITIES72
5.2.3.1Rising electric micromobility72
TABLE 8COUNTRY-WISE GOVERNMENT INCENTIVES AND SUBSIDIES72
5.2.3.2Introduction of battery-as-a-service (BaaS) models74
FIGURE 29BATTERY-AS-A-SERVICE IN EV CARS74
5.2.4CHALLENGES75
5.2.4.1High initial investments and high cost of electricity75
TABLE 9GLOBAL AVERAGE ELECTRICITY COST, 2020–202175
5.2.4.2Bottlenecks in battery charging75
FIGURE 30OVERVIEW OF FAST AND SLOW PUBLIC CHARGERS, BY COUNTRY (2015–2021)76
5.2.4.3Concerns over battery safety76
5.2.4.4High cost of electric vehicles compared to ICE77
FIGURE 31COST COMPARISON OF ELECTRIC VEHICLES AND ICE VEHICLES77

5.3TRENDS AND DISRUPTIONS78
FIGURE 32TRENDS AND DISRUPTIONS78
5.4PATENT ANALYSIS79
TABLE 10PATENT ANALYSIS: EV BATTERY MARKET (ACTIVE PATENTS)79
FIGURE 33NUMBER OF ACTIVE PATENTS RELATED TO EV BATTERIES (2010–2022)83
FIGURE 34PATENTS PUBLISHED BY MAJOR COMPANIES IN EV ECOSYSTEM (2012–2021)83
5.5VALUE CHAIN ANALYSIS84
FIGURE 35EV BATTERY MARKET: VALUE CHAIN ANALYSIS84
FIGURE 36LITHIUM-ION BATTERY MARKET: VALUE CHAIN ANALYSIS85
5.6TECHNOLOGY ANALYSIS85
5.6.1INTRODUCTION85
5.6.2IMPROVEMENT IN BATTERY COMPOSITION85
5.6.3IMPROVEMENT IN BATTERY CHARGING RATE86
FIGURE 37CHARGING TIME FOR CARS, BY MODEL (IN HOURS)86
5.6.4BATTERY DESIGN AND LOCATION IN EV87
5.6.5BATTERY-RELATED SERVICES87
5.6.6BATTERY OPTIMIZATION87
5.6.7CELL-TO-PACK TECHNOLOGY88
5.6.8AB BATTERY SYSTEM88
5.6.9SODIUM-ION BATTERY88
5.7AVERAGE SELLING PRICE FOR EV BATTERY RAW MATERIALS88
FIGURE 38PRICE OF EV BATTERY PER KWH88
FIGURE 39COST PER KWH OF MAJOR RAW MATERIALS USED IN EV BATTERIES (2021)89
FIGURE 40COST BREAKDOWN OF CELL, BY MATERIALS/COMPONENTS (2021)89
FIGURE 41TOTAL COST OF LITHIUM-ION BATTERY CELL (2021)89
FIGURE 42LITHIUM-ION BATTERY PRICE TREND, 2013–2021 (USD/KWH)90
5.8TRADE/SALES DATA90
TABLE 11ELECTRIC VEHICLE MARKET: TRADE DATA FOR MOTOR VEHICLES IN 2021 (HS 8703)90
5.9PORTER’S FIVE FORCES ANALYSIS91
FIGURE 43PORTER’S FIVE FORCES: EV BATTERY MARKET91
TABLE 12EV BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS92
5.9.1THREAT OF NEW ENTRANTS92
5.9.1.1Major automobile giants entering EV market92
5.9.1.2Emergence of new companies92
5.9.1.3Incentives by governments for EV battery manufacturing92
5.9.1.4Strict safety regulations92
5.9.2THREAT OF SUBSTITUTES92
5.9.2.1Types of automobile batteries92
5.9.2.2Threat of substitution of lithium-ion batteries92
5.9.2.3Development of new types of batteries93
5.9.2.4Development of alternative clean-fuel vehicles93
5.9.3BARGAINING POWER OF BUYERS93
5.9.3.1Declining prices of EV batteries93
5.9.3.2Increased demand for EV batteries93
5.9.3.3Major buyers of EV batteries93
5.9.3.4Increasing demand for micromobility93
5.9.3.5Demand for EVs for public transportation93
5.9.4BARGAINING POWER OF SUPPLIERS94
5.9.4.1Change in demand for major raw materials94
5.9.4.2Prices of major raw materials94
5.9.4.3Emphasis on eliminating requirement of certain raw materials94
5.9.4.4Limited sources and non-uniform distribution of raw materials94
5.9.5INTENSITY OF COMPETITIVE RIVALRY94
5.9.5.1Currently limited number of major players94
5.9.5.2Exceptional growth of certain companies94
5.9.5.3Heavy R&D in battery technology94
5.9.5.4Requirement of technical know-how94
5.9.5.5Entry of large automakers into EV market95
5.9.6KEY STAKEHOLDERS IN BUYING PROCESS95
TABLE 13INFLUENCE OF KEY STAKEHOLDERS IN BUYING EV BATTERIES95
5.9.7BUYING CRITERIA95
TABLE 14KEY BUYING CRITERIA95
5.10MACROECONOMIC INDICATORS96
5.10.1GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES96
TABLE 15GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES, 2018–2026 (USD BILLION)96
TABLE 16REAL GDP GROWTH RATE (ANNUAL PERCENTAGE CHANGE AND FORECAST) FOR MAJOR ECONOMIES, 2022–202697
TABLE 17GDP PER CAPITA TRENDS AND FORECASTS FOR MAJOR ECONOMIES, 2022–2026 (USD)98
5.11EV BATTERY MARKET, MARKET SCENARIOS (2022–2027)99
5.11.1MOST LIKELY SCENARIO99
TABLE 18EV BATTERY MARKET: MOST LIKELY SCENARIO, BY REGION, 2022–2027 (USD BILLION)99
5.11.2OPTIMISTIC SCENARIO99
TABLE 19EV BATTERY MARKET: OPTIMISTIC SCENARIO, BY REGION, 2022–2027 (USD MILLION)99
5.11.3PESSIMISTIC SCENARIO100
TABLE 20EV BATTERY MARKET: PESSIMISTIC SCENARIO, BY REGION, 2022–2027 (USD BILLION)100
5.12EV MARKET ECOSYSTEM100
FIGURE 44EV MARKET: ECOSYSTEM ANALYSIS100
5.12.1EV CHARGING PROVIDERS101
5.12.2TIER I SUPPLIERS101
5.12.3OEMS101
5.12.4END USERS101
TABLE 21ELECTRIC VEHICLE MARKET: ROLE OF COMPANIES IN ECOSYSTEM101
TABLE 22TOP ELECTRIC VEHICLES WITH BATTERY SPECIFICATION103
5.13CASE STUDY ANALYSIS103
5.13.1TESLA CLAIMS TO REDUCE BATTERY COSTS THROUGH INNOVATION103
5.13.2INDIAN OIL CORPORATION LIMITED (IOCL) LAUNCHES BATTERY SWAPPING SERVICE104
5.13.3CATL DEVELOPING NO NICKEL, NO COBALT EV BATTERY104
5.13.4PANASONIC ANNOUNCES DEVELOPMENT OF SOLID-STATE BATTERY104
5.13.5MERCEDES BENZ TO MANUFACTURE BATTERY CELLS105
5.13.6VOLKSWAGEN TO CONSIDER IN-HOUSE MANUFACTURING OF BATTERY CELLS105
5.14REGULATORY OVERVIEW105
TABLE 23CHANGE IN REGULATORY ENVIRONMENT GLOBALLY105
TABLE 24REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY PERFORMANCE107
TABLE 25REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY DURABILITY107
TABLE 26REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY SAFETY108
TABLE 27REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY RECYCLING108
5.15KEY CONFERENCES AND EVENTS IN 2022–2023109
TABLE 28EV BATTERY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS109
5.16LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS110
TABLE 29NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS110
TABLE 30EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS111
TABLE 31ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS112
6EV BATTERY MARKET, BY BATTERY FORM113
6.1INTRODUCTION114
FIGURE 45EV BATTERY MARKET, BY BATTERY FORM, 2022 VS. 2027114
TABLE 32EV BATTERY MARKET, BY BATTERY FORM, 2018–2021 (THOUSAND UNITS)115
TABLE 33EV BATTERY MARKET, BY BATTERY FORM, 2022–2027 (THOUSAND UNITS)115
6.1.1CHARACTERISTICS115
TABLE 34EV BATTERY CELL CHARACTERISTICS115
6.1.2ASSUMPTIONS118
TABLE 35ASSUMPTIONS, BY BATTERY FORM118
FIGURE 46BATTERY FORMS119
6.1.3RESEARCH METHODOLOGY119
6.2PRISMATIC119
6.2.1ADOPTION OF EVS TO DRIVE SEGMENT119
FIGURE 47PRISMATIC CELL BATTERY PACK120
TABLE 36PRISMATIC EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)120
TABLE 37PRISMATIC EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)120
6.3POUCH121
6.3.1OPTIMUM UTILIZATION FOR BATTERY SPACE TO DRIVE SEGMENT121
TABLE 38POUCH EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)121
TABLE 39POUCH EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)121
6.4CYLINDRICAL122
6.4.1LOW-COST MANUFACTURING TO DRIVE FASTER ADOPTION OF CYLINDRICAL CELLS122
FIGURE 48CROSS-SECTION OF LITHIUM-ION CYLINDRICAL CELL123
TABLE 40CYLINDRICAL EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)123
TABLE 41CYLINDRICAL EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)123
6.5KEY PRIMARY INSIGHTS124
7EV BATTERY MARKET, BY METHOD125
7.1INTRODUCTION126
FIGURE 49EV BATTERY MARKET, BY METHOD, 2022 VS. 2027126
FIGURE 50APPLICATION OF INTERCONNECTION TECHNOLOGIES127
TABLE 42EV BATTERY MARKET, BY METHOD, 2018–2021 (THOUSAND UNITS)127
TABLE 43EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)127
7.1.1OPERATIONAL DATA128
TABLE 44DIFFERENT BATTERY ASSEMBLY METHODS128
7.1.2ASSUMPTIONS129
TABLE 45ASSUMPTIONS, BY METHOD129
7.1.3RESEARCH METHODOLOGY129
7.2WIRE BONDING130
7.2.1ADOPTION OF WIRE BONDING BY OEMS TO FURTHER BOOST SEGMENT130
TABLE 46WIRE BONDING: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)130
TABLE 47WIRE BONDING: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)130
7.3LASER BONDING131
7.3.1HIGHER ACCURACY AND FASTER PROCESS RESULT IN HIGHER ADOPTION OF LASER BONDING131
TABLE 48LASER BONDING: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)131
TABLE 49LASER BONDING: EV BATTERY MARKET, BY REGION, 2022–2027(THOUSAND UNITS)131
7.4KEY PRIMARY INSIGHTS132

8EV BATTERY MARKET, BY BATTERY TYPE133
8.1INTRODUCTION134
FIGURE 51EV BATTERY MARKET, BY BATTERY TYPE, 2022 VS. 2027 (UNITS)135
TABLE 50EV BATTERY MARKET, BY BATTERY TYPE, 2018–2021 (THOUSAND UNITS)135
TABLE 51EV BATTERY MARKET, BY BATTERY TYPE, 2022–2027 (THOUSAND UNITS)135
8.1.1OPERATIONAL DATA136
TABLE 52ELECTRIC VEHICLE MODELS, BY BATTERY TYPE136
8.1.2RESEARCH METHODOLOGY137
8.1.3ASSUMPTIONS137
TABLE 53ASSUMPTIONS, BY BATTERY TYPE137
8.2LITHIUM-ION137
8.2.1HIGH ENERGY DENSITY AND LONG LIFE CYCLE TO DRIVE SEGMENT137
FIGURE 52COMPARATIVE EVALUATION OF ELECTRIC VEHICLES USING LITHIUM-ION BATTERIES138
TABLE 54LITHIUM-ION BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)138
TABLE 55LITHIUM-ION BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)138
8.3LEAD-ACID139
8.3.1DEVELOPMENT OF ADVANCED LEAD-ACID BATTERIES TO DRIVE MARKET139
8.4NICKEL-METAL HYDRIDE139
8.4.1LONG LIFE CYCLE AND HIGH TOLERANCE TO DRIVE DEMAND FOR NICKEL-METAL HYDRIDE BATTERIES139
8.5SOLID-STATE139
8.5.1HIGH ENERGY STORAGE CAPABILITY TO FUEL DEMAND FOR SOLID-STATE BATTERIES139
TABLE 56US TRANSIT AGENCIES USING BATTERY-POWERED ELECTRIC BUSES140
TABLE 57SOLID-STATE BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)141
8.6SODIUM-ION BATTERY141
8.6.1ADOPTION OF SOLID-ION BATTERIES TO BOOST DEMAND141
8.7OTHERS142
TABLE 58OTHERS: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)142
8.8KEY PRIMARY INSIGHTS142
9EV BATTERY MARKET, BY MATERIAL TYPE143
9.1INTRODUCTION144
FIGURE 53EV BATTERY MARKET, BY MATERIAL TYPE, 2022 VS. 2027144
TABLE 59EV BATTERY MARKET, BY MATERIAL TYPE, 2018–2021 (USD MILLION)144
TABLE 60EV BATTERY MARKET, BY MATERIAL TYPE, 2022–2027 (USD MILLION)145
9.1.1OPERATIONAL DATA145
TABLE 61TYPES OF LITHIUM-ION BATTERY CHEMISTRIES145
FIGURE 54ELECTRIC VEHICLE PACTS – JOINT VENTURES BETWEEN AUTOMAKERS AND LI-ION BATTERY MAKERS146
9.1.2RESEARCH METHODOLOGY146
9.1.3ASSUMPTIONS147
TABLE 62ASSUMPTIONS, BY MATERIAL TYPE147
9.2COBALT147
9.2.1RESISTANCE TOWARD HIGH TEMPERATURE TO DRIVE DEMAND FOR COBALT147
TABLE 63COBALT IN EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)147
TABLE 64COBALT IN EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)148
9.3LITHIUM148
9.3.1HIGHER ENERGY DENSITY TO FUEL DEMAND FOR LITHIUM148
TABLE 65LITHIUM IN EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)148
TABLE 66LITHIUM IN EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)149
9.4NATURAL GRAPHITE149
9.4.1EXPLORATION OF NEW EXTRACTION SITES EXPECTED TO BOOST MARKET149
TABLE 67NATURAL GRAPHITE IN EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)149
TABLE 68NATURAL GRAPHITE IN EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)150
9.5MANGANESE150
9.5.1ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET150
TABLE 69MANGANESE IN EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)150
TABLE 70MANGANESE IN EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)151
9.6KEY PRIMARY INSIGHTS151
10EV BATTERY MARKET, BY PROPULSION152
10.1INTRODUCTION153
FIGURE 55EV BATTERY MARKET, BY PROPULSION, 2022 VS. 2027153
TABLE 71EV BATTERY MARKET, BY PROPULSION, 2018–2021 (THOUSAND UNITS)154
TABLE 72EV BATTERY MARKET, BY PROPULSION, 2022–2027 (THOUSAND UNITS)154
10.1.1OPERATIONAL DATA155
TABLE 73POPULAR EVS WORLDWIDE155
TABLE 74ELECTRIC COMMERCIAL VEHICLE DATA, BY COMPANY, MODEL, AND PROPULSION155
10.1.2RESEARCH METHODOLOGY156
10.1.3ASSUMPTIONS156
TABLE 75ASSUMPTIONS, BY PROPULSION156
10.2BATTERY ELECTRIC VEHICLE (BEV)157
10.2.1HIGHER BEV SALES LIKELY TO DRIVE MARKET157
TABLE 76BEV: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)157
TABLE 77BEV: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)157
10.3HYBRID ELECTRIC VEHICLE (HEV)158
10.3.1RISING ADOPTION OF HEVS TO FURTHER BOOST EV BATTERY MARKET158
TABLE 78HEV: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)158
TABLE 79HEV: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)158

10.4PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)159
10.4.1DEMAND FOR PHEVS TO SUPPORT EV BATTERY MARKET GROWTH159
TABLE 80PHEV: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)159
TABLE 81PHEV: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)159
10.5FUEL CELL ELECTRIC VEHICLE (FCEV)160
10.5.1EXPECTED INCREASE IN DEMAND FOR FCEV TO DRIVE SEGMENT160
TABLE 82FCEV: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)160
TABLE 83FCEV: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)160
10.6KEY PRIMARY INSIGHTS161
11EV BATTERY MARKET, BY VEHICLE TYPE162
11.1INTRODUCTION163
FIGURE 56EV BATTERY MARKET, BY VEHICLE TYPE, 2022 VS. 2027163
TABLE 84EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)164
TABLE 85EV BATTERY MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)164
TABLE 86EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)164
TABLE 87EV BATTERY MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)165
11.1.1OPERATIONAL DATA165
TABLE 88ELECTRIC VEHICLES, BY MODEL, VEHICLE TYPE, & PROPULSION165
11.1.2RESEARCH METHODOLOGY166
11.1.3ASSUMPTIONS166
TABLE 89ASSUMPTIONS, BY VEHICLE TYPE166
11.2PASSENGER CARS167
11.2.1GROWING EMISSION NORMS FOR PASSENGER CARS TO BOOST DEMAND FOR EV BATTERIES167
TABLE 90EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2018–2021 (THOUSAND UNITS)167
TABLE 91EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2022–2027 (THOUSAND UNITS)167
TABLE 92EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2018–2021 (USD MILLION)168
TABLE 93EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2022–2027 (USD MILLION)168
TABLE 94EV BATTERY MARKET IN PASSENGER CARS, BY BATTERY CAPACITY, 2018–2021 (THOUSAND UNITS)168
TABLE 95EV BATTERY MARKET IN PASSENGER CARS, BY BATTERY CAPACITY, 2022–2027 (THOUSAND UNITS)168
TABLE 96<50 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2018–2021 (THOUSAND UNITS)169
TABLE 97<50 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2022–2027 (THOUSAND UNITS)169
TABLE 9850–110 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2018–2021 (THOUSAND UNITS)169
TABLE 9950–110 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2022–2027 (THOUSAND UNITS)169
TABLE 100111–200 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2018–2021 (THOUSAND UNITS)170
TABLE 101111–200 KWH: EV BATTERY MARKET IN PASSENGER CARS, BY REGION, 2022–2027 (THOUSAND UNITS)170
11.3VANS/LIGHT TRUCKS170
11.3.1INCREASING DEMAND FROM LOGISTICS SECTOR TO DRIVE SEGMENT170
TABLE 102ELECTRIC VAN MODELS171
TABLE 103EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)171
TABLE 104EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)172
TABLE 105EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2021 (USD MILLION)172
TABLE 106EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2022–2027 (USD MILLION)172
TABLE 107EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY BATTERY CAPACITY, 2018–2021 (THOUSAND UNITS)172
TABLE 108EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY BATTERY CAPACITY, 2022–2027 (THOUSAND UNITS)173
TABLE 109<50 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)173
TABLE 110<50 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)173
TABLE 11150–110 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)174
TABLE 11250–110 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)174
TABLE 113111–200 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)174
TABLE 114111–200 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)174
TABLE 115201–300 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)175
TABLE 116201–300 KWH: EV BATTERY MARKET IN VANS/LIGHT TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)175
11.4MEDIUM & HEAVY TRUCKS175
11.4.1ADOPTION OF ELECTRIC MEDIUM AND HEAVY TRUCKS FOR SHORT AND LONG RANGES TO BOOST MARKET175
TABLE 117EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)176
TABLE 118EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)176
TABLE 119EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2018–2021 (USD MILLION)176
TABLE 120EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2022–2027 (USD MILLION)176
TABLE 121EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY BATTERY CAPACITY, 2018–2021 (THOUSAND UNITS)177
TABLE 122EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY BATTERY CAPACITY, 2022–2027 (THOUSAND UNITS)177
TABLE 12350–110 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)177
TABLE 12450–110 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)178
TABLE 125111–200 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)178
TABLE 126111–200 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)178
TABLE 127201–300 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2018–2021 (THOUSAND UNITS)178
TABLE 128201–300 KWH: EV BATTERY MARKET IN MEDIUM & HEAVY TRUCKS, BY REGION, 2022–2027 (THOUSAND UNITS)179
11.5BUSES179
11.5.1HIGH DEMAND FROM MAJOR OEMS IN ASIA PACIFIC TO DRIVE MARKET SIGNIFICANTLY179
TABLE 129ELECTRIC BUS DATA BASED ON PROPULSION180
TABLE 130EV BATTERY MARKET IN BUSES, BY REGION, 2018–2021 (THOUSAND UNITS)180
TABLE 131EV BATTERY MARKET IN BUSES, BY REGION, 2022–2027 (THOUSAND UNITS)180
TABLE 132EV BATTERY MARKET IN BUSES, BY REGION, 2018–2021 (USD MILLION)181
TABLE 133EV BATTERY MARKET IN BUSES, BY REGION, 2022–2027 (USD MILLION)181
TABLE 134EV BATTERY MARKET IN BUSES, BY BATTERY CAPACITY, 2018–2021 (THOUSAND UNITS)181
TABLE 135EV BATTERY MARKET IN BUSES, BY BATTERY CAPACITY, 2022–2027 (THOUSAND UNITS)181
TABLE 136111–200 KWH: EV BATTERY MARKET IN BUSES, BY REGION, 2018–2021 (THOUSAND UNITS)182
TABLE 137111–200 KWH: EV BATTERY MARKET IN BUSES, BY REGION, 2022–2027 (THOUSAND UNITS)182
TABLE 138201–300 KWH: EV BATTERY MARKET IN BUSES, BY REGION, 2018–2021 (THOUSAND UNITS)182
TABLE 139201–300 KWH: EV BATTERY MARKET IN BUSES, BY REGION, 2022–2027 (THOUSAND UNITS)182
TABLE 140>300 KWH: EV BATTERY MARKET IN BUSES, BY REGION, 2018–2021 (THOUSAND UNITS)183
TABLE 141>300 KWH: EV BATTERY MARKET IN BUSES, BY REGION, 2022–2027 (THOUSAND UNITS)183
11.6OFF-HIGHWAY VEHICLES183
11.6.1DEMAND FOR HIGH-POWER HEAVY-DUTY ELECTRIC TRUCKS IN AGRICULTURE AND CONSTRUCTION INDUSTRIES TO DRIVE MARKET183
TABLE 142MAJOR OFF-HIGHWAY VEHICLE MODELS184
TABLE 143EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2021 (THOUSAND UNITS)186
TABLE 144EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2022–2027 (THOUSAND UNITS)186
TABLE 145EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2021 (USD MILLION)186
TABLE 146EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2022–2027 (USD MILLION)186
TABLE 147EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY BATTERY CAPACITY, 2018–2021 (THOUSAND UNITS)187
TABLE 148EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY BATTERY CAPACITY, 2022–2027 (THOUSAND UNITS)187
TABLE 149<50 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2021 (THOUSAND UNITS)187
TABLE 150<50 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2022–2027 (THOUSAND UNITS)188
TABLE 15150–110 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2021 (THOUSAND UNITS)188
TABLE 15250–110 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2022–2027 (THOUSAND UNITS)188
TABLE 153111–200 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2021 (THOUSAND UNITS)188
TABLE 154111–200 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2022–2027 (THOUSAND UNITS)189
TABLE 155201–300 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2021 (THOUSAND UNITS)189
TABLE 156201–300 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2022–2027 (THOUSAND UNITS)189
TABLE 157>300 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2018–2021 (THOUSAND UNITS)189
TABLE 158>300 KWH: EV BATTERY MARKET IN OFF-HIGHWAY VEHICLES, BY REGION, 2022–2027 (THOUSAND UNITS)190
11.7KEY PRIMARY INSIGHTS190
12EV BATTERY MARKET, BY BATTERY CAPACITY191
12.1INTRODUCTION192
FIGURE 57EV BATTERY MARKET, BY BATTERY CAPACITY, 2022 VS. 2027193
TABLE 159EV BATTERY MARKET, BY BATTERY CAPACITY, 2018–2021 (THOUSAND UNITS)193
TABLE 160EV BATTERY MARKET, BY BATTERY CAPACITY, 2022–2027 (THOUSAND UNITS)193
TABLE 161EV BATTERY MARKET, BY BATTERY CAPACITY, 2018–2021 (USD MILLION)194
TABLE 162EV BATTERY MARKET, BY BATTERY CAPACITY, 2022–2027 (USD MILLION)194
12.1.1OPERATIONAL DATA195
TABLE 163ELECTRIC VEHICLE DATA, BY MODEL & BATTERY CAPACITY195
FIGURE 58TESLA’S NEW TABLESS BATTERY CELL '4680'195
12.1.2RESEARCH METHODOLOGY196
12.1.3ASSUMPTIONS196
TABLE 164ASSUMPTIONS, BY BATTERY CAPACITY196
12.2<50 KWH196
12.2.1COST FACTOR TO DRIVE MARKET FOR BATTERY WITH <50 KWH CAPACITY196
TABLE 165<50 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)197
TABLE 166<50 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)197
TABLE 167<50 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)197
TABLE 168<50 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)197
12.350–110 KWH198
12.3.1INCREASED DEMAND FOR ELECTRIC VANS/LIGHT TRUCKS TO FUEL MARKET FOR BATTERIES WITH 50–110 KWH CAPACITY198
TABLE 16950–110 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)198
TABLE 17050–110 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)198
TABLE 17150–110 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)199
TABLE 17250–110 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)199
12.4111–200 KWH199
12.4.1DEMAND FOR ELECTRIC COMMERCIAL TRUCKS & BUSES EXPECTED TO DRIVE SEGMENT199
TABLE 173111–200 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)200
TABLE 174111–200 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)200
TABLE 175111–200 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)200
TABLE 176111–200 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)200
12.5201–300 KWH201
12.5.1BUSES AND TRUCKS WITH 201–300 KWH BATTERY CAPACITY DOMINATE CHINESE PUBLIC TRANSPORT FLEET201
TABLE 177201–300 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)201
TABLE 178201–300 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)201
TABLE 179201–300 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)201
TABLE 180201–300 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)202
12.6>300 KWH202
12.6.1INCREASED DEMAND FOR HEAVY COMMERCIAL AND OFF-HIGHWAY VEHICLES TO DRIVE MARKET FOR BATTERIES WITH >300 CAPACITY202
TABLE 181>300 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)202
TABLE 182>300 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)203
TABLE 183>300 KWH: EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)203
TABLE 184>300 KWH: EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)203
12.7KEY PRIMARY INSIGHTS204

13EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT205
13.1INTRODUCTION206
FIGURE 59EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT, 2022 VS. 2027206
TABLE 185EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT, 2018–2021 (USD MILLION)207
TABLE 186EV BATTERY MARKET, BY LI-ION BATTERY COMPONENT, 2022–2027 (USD MILLION)207
TABLE 187ELECTROLYTE SOLVENTS, BY TEMPERATURE & FLASHPOINT207
TABLE 188MOST COMMONLY USED LITHIUM-ION BATTERIES AND THEIR SPECIFICATIONS208
TABLE 189LIST OF VEHICLE MODELS AND CATHODE MATERIAL SUPPLIERS208
TABLE 190LIST OF VEHICLE MODELS AND ANODE MATERIAL SUPPLIERS209
FIGURE 60LITHIUM-ION BATTERY WORKING PRINCIPLE210
13.1.1RESEARCH METHODOLOGY210
13.1.2ASSUMPTIONS211
TABLE 191ASSUMPTIONS, BY LI-ION BATTERY COMPONENT211
13.2NEGATIVE ELECTRODE211
13.2.1HIGH PRESENCE OF NEGATIVE ELECTRODE COMPANIES DRIVES MARKET IN ASIA PACIFIC211
TABLE 192NEGATIVE ELECTRODE EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)211
TABLE 193NEGATIVE ELECTRODE EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)212
13.3POSITIVE ELECTRODE212
13.3.1DEMAND FOR HIGH-PERFORMANCE AND LONG LIFE CYCLE CELLS TO DRIVE MARKET212
TABLE 194POSITIVE ELECTRODE EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)212
TABLE 195POSITIVE ELECTRODE EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)213
13.4ELECTROLYTE213
13.4.1SAFETY AND HIGH PERFORMANCE OF BATTERIES TO DRIVE MARKET FOR ELECTROLYTES213
TABLE 196ELECTROLYTE EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)213
TABLE 197ELECTROLYTE EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)214
13.5SEPARATOR214
13.5.1NEED FOR SEPARATORS IN BATTERIES TO ATTAIN TEMPERATURE STABILITY TO DRIVE MARKET214
TABLE 198SEPARATOR EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)214
TABLE 199SEPARATOR EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)215
13.6KEY PRIMARY INSIGHTS215

14EV BATTERY MARKET, BY REGION216
14.1INTRODUCTION217
TABLE 200EV BATTERY MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)217
TABLE 201EV BATTERY MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)218
TABLE 202EV BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)218
TABLE 203EV BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)218
14.2ASIA PACIFIC219
FIGURE 61ASIA PACIFIC: EV BATTERY MARKET SNAPSHOT220
TABLE 204ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)220
TABLE 205ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2022–2027(THOUSAND UNITS)221
TABLE 206ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)221
TABLE 207ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)221
14.2.1CHINA222
14.2.1.1Presence of global leaders and rising EV demand drive market222
TABLE 208EV MOBILITY LANDSCAPE IN CHINA222
TABLE 209CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)223
TABLE 210CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)223
TABLE 211CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2018–20

Report Title: EV Battery Market by Battery Capacity (<50, 50-110, 111-200, 201-300 and >300), Method (Wire, Laser), Propulsion (BEV, PHEV, HEV, FCEV), Battery Type, Material Type, Li-ion Battery Component, Battery Form, Vehicle Type & Region - Global Forecast to 2027


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