Cell to Pack Battery Market by Form (Prismatic, Pouch, Cylindrical), Battery Type (LFP, NMC), Propulsion (BEV, PHEV), Technology (Blade, LiSER), Vehicle Type (Passenger Cars, Commercial Vehicles) and Region - Global Forecast to 2030
Cell to Pack Battery Market by Form (Prismatic, Pouch, Cylindrical), Battery Type (LFP, NMC), Propulsion (BEV, PHEV), Technology (Blade, LiSER), Vehicle Type (Passenger Cars, Commercial Vehicles) and Region - Global Forecast to 2030
Abstract
The cell to pack battery market is projected to grow from USD 5.5 billion in 2023 to USD 29.3 billion by 2030 at a CAGR of 26.9%. The growth of this market is mainly driven by the increasing demand for high-voltage batteries to achieve a longer drive range. CTP battery is one of the results of such advancement, which eliminates the usage of modules and directly integrates cells into battery packs. This allows the use of larger and more cells within battery packs with reduced interconnections and a simplified assembly process resulting in an increased volumetric density of batteries and reduced cost. CTP technology is yet to be commercially launched in most EV-dominating countries. It is expected to gain traction by 2024−2025 in the US, South Korea, Japan, and European countries.
"Passenger electric vehicles is the largest market for cell to pack battery."
The demand for electric passenger cars has increased in the past few years owing to the rising demand for safer personal commutes in inter-city and cross-country travel. Asia Pacific is predicted to be the largest market for the sale of passenger electric cars, with China being the major contributor in the region. Demand for electric passenger cars in Europe and North America has also grown due to rising fuel prices and increasing awareness for decarbonized vehicles. Some electric passenger car models offer an average driving range of 500-600 km, but these are higher-ranged electric passenger cars. Cell to pack batteries would help to equip economical electric passenger cars with high energy density at lower cost and reduced weight.
Further, cell to pack battery technology will support the noteworthy developments undertaken by electric vehicle manufacturers in high-voltage battery areas for the passenger cars segment to improve vehicle range and reduce charging time. For instance, Hyundai and Kia have introduced high-speed 800V architecture for upcoming passenger vehicles. Porsche has an EV model Taycan which supports an 800 V battery architecture. Other OEMs have also announced using cell to pack batteries in upcoming models.
In December 2021, Toyota Motor Corporation partnered with BYD Company Ltd. to build an electric car with a blade battery. In October 2021, Hyundai MOBIS (South Korea) entered a partnership with CATL, wherein CATL would supply the cell- to-pack battery technology to Hyundai MOBIS. This will likely bring some EV models to South Korea from 2023−2024 onwards. Further, a few Chinese OEMs – BYD Company Ltd., Neta, Xpeng Inc., etc. have either expanded or planned to expand with electric passenger car models in other parts of the world. All of these factors will help to dominate the passenger vehicle segment for cell to pack battery market
"Lithium iron phosphate chemistry to hold the largest share in the cell to pack battery."
Lithium iron phosphate (LFP) battery chemistry (a form of Lithium-ion battery) is also the most preferred choice among other chemistry for cell to pack battery technology. LFP batteries offer numerous advantages such as lightweight, lower cost, enhanced discharge, charge efficiency, durability, longer life span, minimal maintenance, and optimized safety, among others. Owing to these benefits, >90% of batteries developed with the cell to pack technology use LFP chemistry across all-electric vehicles.
In October 2021, Tesla declared that it would completely switch to LFP batteries in all its models owing to lower cost and easy production process rather than using NCA batteries for increasing the range of its vehicles. Currently, Tesla has adopted the use of LFP batteries in its best-selling models like Model 3 and Model Y. Apart from passenger cars, LFP has also been used in electric buses due to its lower costs and high voltage bearing feature. Thus, these factors and the need for an optimized energy density range would drive the LFP batteries' demand for CTP technology over the coming years.
Europe is speculated to be the fastest-growing market for cell to pack battery
Europe is anticipated to grow at the fastest rate for cell to pack battery market by 2030. Europe is witnessing significant expansion in the micro-cars segment owing to factors such as the stringent carbon emission mandate, incentive boost by green recovery funds, viable charging infrastructure, and intense promotion of electric and plug-in hybrid vehicles. The market demand for cell to pack batteries will be initially driven by the entry of foreign OEMs with vehicles equipped with this technology. For instance, BYD Tang, Han EV, and Atto 3 are offered in some European countries, including Norway, Germany, Sweden, and the UK.
Tesla sells Model 3 and Model Y in Europe and is expected to deploy cell to pack batteries in these models in the coming years as it has started deploying these CTP batteries in China. Further, some electric commercial vehicle manufacturers (Solaris Bus & Coach sp. z o.o., VDL Bus & Coach BV) have partnered with Chinese battery supplier- CATL to receive cell to pack batteries in electric buses. However, the Russia-Ukraine crisis has disrupted the supply chain for batteries and other raw material supplies for electric vehicles and also affected EV sales to some extent. The situation is anticipated to recover in the coming years, thereby fueling the demand for cell to pack batteries in the years to come.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
•By Stakeholders: Demand Side – 20% and Supply Side – 80%
•By Designation: C Level Executives - 10%, Directors - 30%, and Others – 60%
•By Region: Europe – 10%, North America – 10%, and Others – 80%
Contemporary Amperex Technology Co., Limited. (China), BYD Company Ltd. (China), LG Energy Solution. (South Korea), Tesla (US), XPENG INC. (China), C4V (US), and Sunwoda Electronic Co., Ltd. (China) are the leading supplier of cell to pack battery in the global market.
Research Coverage:
The cell to pack battery market is segmented By Form (Prismatic, Pouch, Cylindrical), Battery Type [Lithium Iron Phosphate (LFP), Nickel Manganese Cobalt (NMC), Other Battery Types], Propulsion (BEV, PHEV), Technology (Blade Battery Technology, LiSER Battery Technology, Other Battery Technology), Electric Vehicle Type [Electric Passenger Cars, Electric Commercial Vehicles (Buses and Trucks)], and Region (Asia Pacific, Europe, and North America).
The study also includes an in-depth competitive analysis of the major cell to pack battery manufacturers in the market, 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 the market leaders with information on the closest approximations of the revenue numbers for the overall cell to pack battery market and the sub-segments. This report covers technological trends like improved battery designs and battery chemistry, the development of new cell to chassis battery technology about cell to pack battery market, which would help the stakeholders to understand more about the battery technology advancements in the industry. This report would help stakeholders understand the fastest growing market that is Europe, and the largest market that is Asia Pacific, for cell to pack batteries at regional and global levels and the factors influencing the growth of these regions. This report will help stakeholders to understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
Content
Table of Contents
1INTRODUCTION33
1.1STUDY OBJECTIVES33
1.2MARKET DEFINITION33
1.3INCLUSIONS & EXCLUSIONS34
1.4STUDY SCOPE35
FIGURE 1MARKET SEGMENTATION: CELL TO PACK BATTERY MARKET35
1.4.1REGIONAL SCOPE35
FIGURE 2CELL TO PACK BATTERY MARKET: REGIONAL SCOPE35
1.4.2YEARS CONSIDERED36
1.5CURRENCY CONSIDERED36
TABLE 1CURRENCY EXCHANGE RATES36
1.6LIMITATIONS37
1.7STAKEHOLDERS37
2RESEARCH METHODOLOGY38
2.1RESEARCH DATA38
FIGURE 3RESEARCH DESIGN38
FIGURE 4RESEARCH METHODOLOGY MODEL39
2.1.1SECONDARY DATA40
2.1.1.1Key data from secondary sources40
2.1.1.2Key data from secondary sources41
2.1.2PRIMARY DATA42
FIGURE 5BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, AND REGION42
2.1.2.1Breakdown of primary interviews43
2.2MARKET ESTIMATION METHODOLOGY43
FIGURE 6RESEARCH METHODOLOGY: HYPOTHESIS BUILDING44
2.2.1RECESSION IMPACT ANALYSIS45
2.3MARKET SIZE ESTIMATION45
2.3.1BOTTOM-UP APPROACH45
FIGURE 7CELL TO PACK BATTERY MARKET, BY VEHICLE TYPE: BOTTOM-UP APPROACH46
2.3.2TOP-DOWN APPROACH46
FIGURE 8CELL TO PACK BATTERY MARKET, BY BATTERY TYPE: TOP-DOWN APPROACH46
2.3.3FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE47
2.4FACTOR ANALYSIS47
2.5DATA TRIANGULATION48
FIGURE 9DATA TRIANGULATION METHODOLOGY48
2.6RESEARCH ASSUMPTIONS49
2.7RISK ASSESSMENT50
2.8RESEARCH LIMITATIONS52
3EXECUTIVE SUMMARY53
3.1INTRODUCTION53
3.1.1PRE VS. POST-RECESSION SCENARIO53
FIGURE 10PRE VS. POST-RECESSION SCENARIO: CELL TO PACK BATTERY MARKET SIZE, 2020−2030 (USD MILLION)53
TABLE 2PRE VS. POST-RECESSION SCENARIO: CELL TO PACK BATTERY MARKET, 2020–2030 (USD MILLION)54
3.1.2REPORT SUMMARY55
FIGURE 11CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION)55
4PREMIUM INSIGHTS58
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CELL TO PACK BATTERY MARKET58
FIGURE 12RISING DEMAND FOR HIGH ENERGY DENSITY BATTERIES TO DRIVE MARKET GROWTH58
4.2CELL TO PACK BATTERY MARKET, BY REGION59
FIGURE 13ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD59
4.3CELL TO PACK BATTERY MARKET, BY BATTERY FORM59
FIGURE 14PRISMATIC FORM SEGMENT PREDICTED TO DOMINATE MARKET DURING FORECAST PERIOD59
4.4CELL TO PACK BATTERY MARKET, BY BATTERY TYPE60
FIGURE 15LITHIUM IRON PHOSPHATE SEGMENT TO HOLD LARGEST SHARE FOR CELL TO PACK BATTERY MARKET60
4.5CELL TO PACK BATTERY MARKET, BY PROPULSION60
FIGURE 16BEVS SEGMENT PROJECTED TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD60
4.6CELL TO PACK BATTERY MARKET, BY TECHNOLOGY61
FIGURE 17BLADE BATTERY TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD61
4.7CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE61
FIGURE 18PASSENGER CARS SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD61
5MARKET OVERVIEW62
5.1INTRODUCTION62
5.2MARKET DYNAMICS63
FIGURE 19CELL TO PACK BATTERY: MARKET DYNAMICS63
5.2.1DRIVERS63
5.2.1.1Increase in EV demand63
FIGURE 20EV BATTERY MARKET, BY MATERIAL TYPE, 2022 VS 202764
5.2.1.2Growing technological advancements in batteries64
5.2.2RESTRAINTS65
5.2.2.1Limiting use of electric vehicles65
5.2.3OPPORTUNITIES65
5.2.3.1Electrification of commercial vehicles65
FIGURE 21ELECTRIC BUSES MARKET, BY REGION, 2018-202166
FIGURE 22ELECTRIC TRUCKS MARKET, BY REGION, 2019-202166
5.2.4CHALLENGES67
5.2.4.1Battery design and initial costs67
5.2.4.2Safety concerns due to battery thermal management67
5.3PORTER'S FIVE FORCES ANALYSIS68
TABLE 3PORTER'S FIVE FORCES ANALYSIS68
FIGURE 23PORTER'S FIVE FORCES ANALYSIS68
5.3.1THREAT OF NEW ENTRANTS69
5.3.2THREAT OF SUBSTITUTES69
5.3.3BARGAINING POWER OF SUPPLIERS69
5.3.4BARGAINING POWER OF BUYERS69
5.3.5INTENSITY OF COMPETITIVE RIVALRY70
5.4IMPACT OF RECESSION ON CELL TO PACK BATTERY MARKET SCENARIO ANALYSIS70
5.4.1INTRODUCTION70
5.4.2REGIONAL MACRO-ECONOMIC OVERVIEW70
5.4.3ANALYSIS OF KEY ECONOMIC INDICATORS71
TABLE 4KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021−202271
5.4.4ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION72
5.4.4.1Europe72
TABLE 5EUROPE: KEY ECONOMIC INDICATORS, 2021−202372
5.4.4.2Asia Pacific73
TABLE 6ASIA PACIFIC: KEY ECONOMIC INDICATORS, 2021–202373
5.4.4.3Americas73
TABLE 7AMERICAS: KEY ECONOMIC INDICATORS, 2021−202373
5.4.5ECONOMIC OUTLOOK/PROJECTIONS74
TABLE 8GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024−2027 (% GROWTH)74
5.5IMPACT ON ELECTRIC VEHICLE SALES75
5.5.1ANALYSIS OF ELECTRIC VEHICLE SALES75
5.5.1.1Europe75
FIGURE 24EUROPE: ELECTRIC PASSENGER CARS, BEV, AND PHEV SALES, BY COUNTRY, 2021–202275
5.5.1.2Asia Pacific76
FIGURE 25ASIA PACIFIC: PASSENGER CARS, BEV AND PHEV SALES, BY COUNTRY, 2021–202276
5.5.1.3North America77
FIGURE 26NORTH AMERICA: PASSENGER CARS, BEVS, AND PHEVS SALES, BY COUNTRY, 2021−202277
5.5.2ELECTRIC VEHICLE SALES OUTLOOK78
FIGURE 27PASSENGER CARS, BEVS, AND PHEVS VEHICLE SALES FORECAST, 2022 VS. 2030 (UNITS)78
5.5.3IMPACT OF RECESSION ON CELL TO PACK BATTERY MARKET: SCENARIO ANALYSIS81
FIGURE 28SCENARIO ANALYSIS: CELL TO PACK BATTERY MARKET SCENARIO, 2020−2030 (USD MILLION)81
5.5.3.1Most likely recession scenario81
TABLE 9CELL TO PACK BATTERY MARKET (MOST LIKELY RECESSION SCENARIO), BY REGION, 2020−2030 (USD MILLION)82
5.5.3.2High-impact recession scenario82
TABLE 10CELL TO PACK BATTERY MARKET (HIGH-IMPACT RECESSION SCENARIO), BY REGION, 2020−2030 (USD MILLION)82
5.5.3.3Low-impact recession scenario83
TABLE 11CELL TO PACK BATTERY MARKET (LOW-IMPACT RECESSION SCENARIO), BY REGION, 2020−2030 (USD MILLION)83
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES84
FIGURE 29REVENUE SHIFT DRIVING MARKET GROWTH84
5.7SUPPLY CHAIN ANALYSIS85
FIGURE 30SUPPLY CHAIN ANALYSIS: CELL TO PACK BATTERY MARKET (1/2)85
FIGURE 31SUPPLY CHAIN ANALYSIS: CELL TO PACK BATTERY MARKET (2/2)86
5.8ECOSYSTEM87
FIGURE 32CELL TO PACK BATTERY MARKET: ECOSYSTEM87
FIGURE 33CELL TO PACK BATTERY MARKET: ECOSYSTEM ANALYSIS88
TABLE 12ROLE OF COMPANIES IN CELL TO PACK BATTERY MARKET ECOSYSTEM88
5.9TECHNOLOGY ANALYSIS89
5.9.1IMPROVED BATTERY DESIGN AND COMPOSITION89
5.9.2CELL TO CHASSIS BATTERY TECHNOLOGY90
5.10AVERAGE SELLING PRICE ANALYSIS90
TABLE 13AVERAGE SELLING PRICE, BY REGION90
TABLE 14AVERAGE SELLING PRICE, BY BATTERY FORM90
5.11CELL TO PACK BATTERY MARKET: PATENT ANALYSIS, 2019−202291
TABLE 15PATENT ANALYSIS 2019−202291
5.12REGULATORY LANDSCAPE94
5.12.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS94
5.12.1.1North America: List of regulatory bodies, government agencies, and other organizations94
TABLE 16NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS94
5.12.1.2Europe: List of regulatory bodies, government agencies, and other organizations96
TABLE 17EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS96
5.12.1.3Asia Pacific: List of regulatory bodies, government agencies, and other organizations97
TABLE 18ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS97
5.12.1.4Rest of the World: List of regulatory bodies, government agencies, and other organizations98
TABLE 19REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
5.13CASE STUDY ANALYSIS98
5.13.1USE CASE 1: DEVELOPMENT OF BLADE BATTERY BY BYD COMPANY LTD.98
6CELL TO PACK BATTERY MARKET, BY BATTERY FORM99
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
6.1INTRODUCTION100
6.1.1RESEARCH METHODOLOGY100
6.1.2ASSUMPTIONS100
6.1.3INDUSTRY INSIGHTS101
FIGURE 34CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023 VS. 2030101
TABLE 20CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2020−2022 (UNITS)101
TABLE 21CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023−2030 (UNITS)102
TABLE 22CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2020−2022 (USD MILLION)102
TABLE 23CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023−2030 (USD MILLION)102
6.2PRISMATIC CELLS103
6.2.1SIMPLE DESIGN AND HIGH-ENERGY-DENSITY CAPACITY TO BOOST MARKET103
TABLE 24PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)103
TABLE 25PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)103
TABLE 26PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)104
TABLE 27PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)104
6.3POUCH CELLS104
6.3.1FLEXIBLE STRUCTURAL FEATURE TO PROMOTE SEGMENT GROWTH104
TABLE 28POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)105
TABLE 29POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)105
TABLE 30POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)105
TABLE 31POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)105
6.4CYLINDRICAL CELLS106
6.4.1LESS SPACE UTILIZATION TO BOOST DEMAND106
TABLE 32CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)106
TABLE 33CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)107
TABLE 34CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)107
TABLE 35CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)107
7CELL TO PACK BATTERY MARKET, BY BATTERY TYPE108
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
7.1INTRODUCTION109
7.1.1RESEARCH METHODOLOGY109
7.1.2ASSUMPTIONS110
7.1.3INDUSTRY INSIGHTS110
FIGURE 35CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023 VS. 2030 (USD MILLION)110
TABLE 36CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2020−2022 (UNITS)111
TABLE 37CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023−2030 (UNITS)111
TABLE 38CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2020−2022 (USD MILLION)111
TABLE 39CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023−2030 (USD MILLION)112
7.2LITHIUM IRON PHOSPHATE BATTERIES (LFP)112
7.2.1LOW-COST FEATURE TO BENEFIT SEGMENT112
TABLE 40LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)112
TABLE 41LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)113
TABLE 42LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)113
TABLE 43LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)113
7.3NICKEL MANGANESE COBALT BATTERIES (NMC)114
7.3.1HIGHER ENERGY DENSITY TO STRENGTHEN SEGMENTAL GROWTH114
TABLE 44NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)114
TABLE 45NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)114
TABLE 46NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)115
TABLE 47NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)115
7.4OTHER BATTERY TYPES115
7.4.1NEED TO REDUCE DEPENDENCY ON LFP BATTERIES TO PROMOTE SEGMENT EXPANSION115
TABLE 48OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)116
TABLE 49OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)116
TABLE 50OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)116
TABLE 51OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)117
8CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE118
Note: The chapter is on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
8.1INTRODUCTION119
8.1.1RESEARCH METHODOLOGY119
8.1.2ASSUMPTIONS119
8.1.3INDUSTRY INSIGHTS120
FIGURE 36CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023 VS. 2030 (USD MILLION)120
TABLE 52CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020−2022 (UNITS)120
TABLE 53CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (UNITS)121
TABLE 54CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020−2022 (USD MILLION)121
TABLE 55CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (USD MILLION)121
8.2ELECTRIC PASSENGER CARS122
8.2.1RISING DEMAND FOR LONG-RANGE AND LIGHTWEIGHT BATTERIES TO DRIVE SEGMENT GROWTH122
TABLE 56ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)122
TABLE 57ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)122
TABLE 58ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)123
TABLE 59ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)123
8.3ELECTRIC BUSES123
8.3.1GROWING TREND OF ELECTRIFICATION OF PUBLIC TRANSPORT BUSES TO DRIVE DEMAND FOR HIGH-ENERGY-DENSITY BATTERIES123
TABLE 60ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)124
TABLE 61ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)124
TABLE 62ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)124
TABLE 63ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)125
8.4ELECTRIC TRUCKS125
8.4.1RISING TREND FOR ELECTRIFICATION OF TRUCKS TO CREATE OPPORTUNITIES FOR MARKET125
TABLE 64ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)125
TABLE 65ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)126
TABLE 66ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2020–2022 (USD MILLION)126
TABLE 67ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)126
9CELL TO PACK BATTERY MARKET, BY PROPULSION127
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
9.1INTRODUCTION128
9.1.1RESEARCH METHODOLOGY128
9.1.2ASSUMPTIONS129
9.1.3INDUSTRY INSIGHTS129
FIGURE 37CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023 VS. 2030 (USD MILLION)129
TABLE 68CELL TO PACK BATTERY MARKET, BY PROPULSION, 2020−2022 (UNITS)129
TABLE 69CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023−2030 (UNITS)130
TABLE 70CELL TO PACK BATTERY MARKET, BY PROPULSION, 2020−2022 (USD MILLION)130
TABLE 71CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023−2030 (USD MILLION)130
9.2BATTERY ELECTRIC VEHICLES (BEVS)131
9.2.1RISING DEMAND FOR LIGHTWEIGHT, COST-EFFICIENT, AND HIGH-ENERGY-DENSITY BATTERIES TO DRIVE MARKET131
TABLE 72BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)131
TABLE 73BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)131
TABLE 74BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)132
TABLE 75BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)132
9.3PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)132
9.3.1INCREASE IN PHEV DEMAND TO SUPPORT MARKET GROWTH132
TABLE 76PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020–2022 (UNITS)133
TABLE 77PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)133
TABLE 78PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)133
TABLE 79PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)134
10CELL TO PACK BATTERY MARKET, BY TECHNOLOGY135
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume
10.1INTRODUCTION136
10.1.1RESEARCH METHODOLOGY136
10.1.2ASSUMPTIONS136
10.1.3INDUSTRY INSIGHTS137
FIGURE 38CELL TO PACK BATTERY MARKET, BY TECHNOLOGY, 2023 VS. 2030 (THOUSAND UNITS)137
TABLE 80CELL TO PACK BATTERY MARKET, BY BATTERY TECHNOLOGY, 2020−2022 (UNITS)137
TABLE 81CELL TO PACK BATTERY MARKET, BY BATTERY TECHNOLOGY, 2023−2030 (UNITS)138
10.2BLADE BATTERY138
10.2.1HIGHER VCTPR AND GCTPR OF BLADE BATTERIES TO SUPPORT GROWTH138
TABLE 82BLADE BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)139
TABLE 83BLADE BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)139
10.3LISER BATTERY139
10.3.1100% NICKEL AND COBALT-FREE FEATURE TO DRIVE SEGMENTAL GROWTH139
TABLE 84LISER BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)140
TABLE 85LISER BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)140
10.4OTHER BATTERY TECHNOLOGIES141
10.4.1HIGH COMPETITION IN EV BATTERY MARKET TO DRIVE DEMAND141
TABLE 86OTHER BATTERY TECHNOLOGIES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)141
TABLE 87OTHER BATTERY TECHNOLOGIES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)141
11CELL TO PACK BATTERY MARKET, BY REGION142
Note: The chapter is provided by vehicle type at country level – Asia Pacific (China, India, Japan, South Korea), Europe (France, Germany, Norway, The Netherlands, Switzerland, Spain, Sweden, UK, and Europe Others) and North America (US and Canada). The market size is provided in terms of volume and value
11.1INTRODUCTION143
11.1.1RESEARCH METHODOLOGY143
11.1.2ASSUMPTIONS144
11.1.3INDUSTRY INSIGHTS144
FIGURE 39CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION)144
TABLE 88CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)145
TABLE 89CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)145
TABLE 90CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)145
TABLE 91CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)145
11.2ASIA PACIFIC146
FIGURE 40ASIA PACIFIC: CELL TO PACK BATTERY MARKET SNAPSHOT147
TABLE 92ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (UNITS)147
TABLE 93ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (UNITS)148
TABLE 94ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (USD MILLION)148
TABLE 95ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (USD MILLION)148
11.2.1CHINA149
11.2.1.1Rising EV demand and increasing technological advancement for improved battery performance149
TABLE 96CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)149
TABLE 97CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)149
TABLE 98CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)150
TABLE 99CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)150
11.2.2JAPAN150
11.2.2.1Regional EV OEMs partnering with battery suppliers to use advanced battery solutions150
TABLE 100JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)151
TABLE 101JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)151
TABLE 102JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)151
TABLE 103JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)152
11.2.3INDIA152
11.2.3.1Government subsidies and incentives to drive market152
TABLE 104INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)153
TABLE 105INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)153
TABLE 106INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)153
TABLE 107INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023–2030 (USD MILLION)154
11.2.4SOUTH KOREA154
11.2.4.1Increasing focus on sustainable electric mobility to boost market154
TABLE 108SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)154
TABLE 109SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)155
TABLE 110SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)155
TABLE 111SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)155
11.3EUROPE156
FIGURE 41EUROPE: CELL TO PACK BATTERY MARKET SNAPSHOT157
TABLE 112EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (UNITS)158
TABLE 113EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (UNITS)158
TABLE 114EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (USD MILLION)159
TABLE 115EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030(USD MILLION)159
11.3.1FRANCE160
11.3.1.1Rise in e-logistics transport to drive market160
TABLE 116FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)160
TABLE 117FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)160
TABLE 118FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)161
TABLE 119FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)161
11.3.2GERMANY161
11.3.2.1Presence of leading companies and higher demand for BEVs to benefit market161
TABLE 120GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)162
TABLE 121GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)162
TABLE 122GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)162
TABLE 123GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)163
11.3.3NORWAY163
11.3.3.1Replacement of conventional vehicles with advanced EVs to drive market163
TABLE 124NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)164
TABLE 125NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (UNITS)164
TABLE 126NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)164
TABLE 127NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)165
11.3.4SWITZERLAND165
11.3.4.1Rapid adoption of EVs to create demand for high energy density batteries to boost market165
TABLE 128SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)165
TABLE 129SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)166
TABLE 130SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)166
TABLE 131SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)166
11.3.5NETHERLANDS167
11.3.5.1Rising focus on enhanced battery technology in commercial vehicles to strengthen market167
TABLE 132NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)167
TABLE 133NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)167
TABLE 134NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020−2022 (USD MILLION)168
TABLE 135NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)168
11.3.6SPAIN168
11.3.6.1Rising domestic battery cell production to offer opportunities168
TABLE 136SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)169
TABLE 137SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)169
TABLE 138SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)169
TABLE 139SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)170
11.3.7SWEDEN170
11.3.7.1Presence of OEMs to boost demand for EV batteries170
TABLE 140SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)170
TABLE 141SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)171
TABLE 142SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)171
TABLE 143SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)171
11.3.8UK172
11.3.8.1Increasing presence of international EV manufacturers to augment market size172
TABLE 144UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)172
TABLE 145UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (UNITS)172
TABLE 146UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)173
TABLE 147UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (USD MILLION)173
11.3.9EUROPE OTHERS173
TABLE 148EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)174
TABLE 149EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)174
TABLE 150EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)174
TABLE 151EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)175
11.4NORTH AMERICA175
FIGURE 42NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION)176
TABLE 152NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (UNITS)176
TABLE 153NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (UNITS)176
TABLE 154NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (USD MILLION)177
TABLE 155NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (USD MILLION)177
11.4.1US177
11.4.1.1Growing demand for electric SUVs to drive market177
TABLE 156US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)178
TABLE 157US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)178
TABLE 158US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)178
TABLE 159US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (USD MILLION)179
11.4.2CANADA179
11.4.2.1Government subsidies to promote EVs to drive market179
TABLE 160CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)179
TABLE 161CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)180
TABLE 162CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)180
TABLE 163CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)180
12RECOMMENDATIONS BY MARKETSANDMARKETS181
12.1ADVANCEMENT IN BATTERY PACKS TO DRIVE CELL TO PACK BATTERY DEMAND181
12.2DEMAND FOR EFFICIENT AND LOW-COST BATTERY CHEMISTRY TO DRIVE MARKET182
12.3CONCLUSION182
13COMPETITIVE LANDSCAPE183
13.1OVERVIEW183
13.2CELL TO PACK BATTERY MARKET RANKING, 2022183
FIGURE 43CELL TO PACK BATTERY MARKET RANKING, 2022183
13.3REVENUE ANALYSIS OF TOP FIVE PLAYERS185
FIGURE 44CELL TO PACK BATTERY MARKET, REVENUE ANALYSIS185
13.4COMPANY EVALUATION QUADRANT185
13.4.1TERMINOLOGY185
13.4.2STARS186
13.4.3PERVASIVE PLAYERS186
13.4.4EMERGING LEADERS186
13.4.5PARTICIPANTS186
FIGURE 45CELL TO PACK BATTERY MARKET COMPETITIVE LEADERSHIP MAPPING, 2022187
13.5CELL TO PACK BATTERY MARKET: COMPANY FOOTPRINT188
TABLE 164CELL TO PACK BATTERY MARKET: COMPANY FOOTPRINT ANALYSIS, 2022188
TABLE 165CELL TO PACK BATTERY MARKET: COMPANY PRODUCT CATEGORY FOOTPRINT, 2022189
TABLE 166CELL TO PACK BATTERY MARKET: COMPANY REGION FOOTPRINT, 2022190
13.6COMPETITIVE BENCHMARKING191
TABLE 167CELL TO PACK BATTERY MARKET: KEY SMES191
TABLE 168CELL TO PACK BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [SMES]192
13.7COMPETITIVE SCENARIO193
13.7.1PRODUCT LAUNCHES193
TABLE 169PRODUCT LAUNCHES, 2019−2022193
13.7.2DEALS194
TABLE 170DEALS, 2020−2022194
13.7.3OTHERS200
TABLE 171OTHERS, 2020−2022200
13.8STRATEGIES ADOPTED BY KEY PLAYERS202
TABLE 172OVERVIEW OF STRATEGIES DEPLOYED BY KEY CELL TO PACK BATTERY MARKET OEMS202
14COMPANY PROFILES205
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
14.1KEY PLAYERS205
14.1.1CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.205
TABLE 173CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: BUSINESS OVERVIEW205
FIGURE 46CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: COMPANY SNAPSHOT206
TABLE 174CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: PRODUCT LAUNCHES206
TABLE 175CONTEMPORARY AMPEREX TECHNOLOGY LIMITED.: DEALS207
TABLE 176CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: OTHERS209
14.1.2LG ENERGY SOLUTION.211
TABLE 177LG ENERGY SOLUTION.: BUSINESS OVERVIEW211
FIGURE 47LG ENERGY SOLUTION.: COMPANY SNAPSHOT212
TABLE 178LG ENERGY SOLUTION.: PRODUCT LAUNCHES212
TABLE 179LG ENERGY SOLUTION.: DEALS212
14.1.3BYD COMPANY LTD.215
TABLE 180BYD COMPANY LTD.: BUSINESS OVERVIEW215
FIGURE 48BYD COMPANY LTD.: COMPANY SNAPSHOT216
TABLE 181BYD COMPANY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED216
TABLE 182BYD COMPANY LTD.: PRODUCT LAUNCHES217
TABLE 183BYD COMPANY LTD.: DEALS218
TABLE 184BYD COMPANY LTD: OTHERS218
14.1.4C4V220
TABLE 185C4V: BUSINESS OVERVIEW220
TABLE 186C4V: PRODUCT LAUNCHES221
TABLE 187C4V: DEALS221
14.1.5SUNWODA ELECTRONIC CO., LTD.223
TABLE 188SUNWODA ELECTRONIC CO., LTD.: BUSINESS OVERVIEW223
FIGURE 49SUNWODA ELECTRONIC CO., LTD.: COMPANY SNAPSHOT224
TABLE 189SUNWODA ELECTRONIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED224
TABLE 190SUNWODA ELECTRONIC CO., LTD.: PRODUCT LAUNCHES225
TABLE 191SUNWODA ELECTRONIC CO., LTD.: DEALS225
TABLE 192SUNWODA ELECTRONIC CO., LTD.: OTHERS226
14.1.6TESLA228
TABLE 193TESLA: BUSINESS OVERVIEW228
FIGURE 50TESLA: COMPANY SNAPSHOT229
TABLE 194TESLA: DEALS229
14.1.7PANASONIC HOLDINGS CORPORATION230
TABLE 195PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW230
FIGURE 51PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT231
TABLE 196PANASONIC HOLDINGS CORPORATION: DEALS231
TABLE 197PANASONIC HOLDINGS CORPORATION: OTHERS232
14.1.8ELEVENES233
TABLE 198ELEVENES: BUSINESS OVERVIEW233
14.1.9ELECTRA234
TABLE 199ELECTRA: BUSINESS OVERVIEW234
TABLE 200ELECTRA: DEALS234
14.1.10CAMELOT ELECTRONIC TECHNOLOGY CO., LTD.235
TABLE 201CAMELOT ELECTRONIC TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW235
TABLE 202CAMELOT ELECTRONIC TECHNOLOGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED235
14.1.11SILVER POWER SYSTEMS236
TABLE 203SILVER POWER SYSTEMS: BUSINESS OVERVIEW236
14.1.12BMW AG237
TABLE 204BMW AG: BUSINESS OVERVIEW237
FIGURE 52BMW AG: COMPANY SNAPSHOT238
TABLE 205BMW AG: DEALS239
14.1.13FORD MOTOR COMPANY240
TABLE 206FORD MOTOR COMPANY: BUSINESS OVERVIEW240
FIGURE 53FORD MOTOR COMPANY: COMPANY SNAPSHOT241
TABLE 207FORD MOTOR COMPANY: DEALS241
14.1.14SOLARIS BUS & COACH SP. Z O.O.242
TABLE 208SOLARIS BUS & COACH SP. Z O.O.: BUSINESS OVERVIEW242
TABLE 209SOLARIS BUS & COACH SP. Z O.O.: DEALS242
14.1.15HENKEL AG & CO. KGAA243
TABLE 210HENKEL AG & CO. KGAA: BUSINESS OVERVIEW243
FIGURE 54HENKEL AG & CO. KGAA: COMPANY SNAPSHOT244
TABLE 211HENKEL AG & CO. KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED244
TABLE 212HENKEL AG & CO. KGAA.: DEALS245
TABLE 213HENKEL AG & CO. KGAA: OTHERS245
14.1.16AZL AACHEN GMBH246
TABLE 214AZL AACHEN GMBH: BUSINESS OVERVIEW246
14.1.17XPENG INC.247
TABLE 215XPENG INC.: BUSINESS OVERVIEW247
FIGURE 55XPENG INC.: COMPANY SNAPSHOT248
TABLE 216XPENG INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED248
TABLE 217XPENG INC.: PRODUCT LAUNCHES249
TABLE 218XPENG INC.: OTHERS249
14.1.18NIO250
TABLE 219NIO: BUSINESS OVERVIEW250
FIGURE 56NIO.: COMPANY SNAPSHOT251
TABLE 220NIO INC.: PRODUCT LAUNCHES251
14.1.19VDL BUS &
"Passenger electric vehicles is the largest market for cell to pack battery."
The demand for electric passenger cars has increased in the past few years owing to the rising demand for safer personal commutes in inter-city and cross-country travel. Asia Pacific is predicted to be the largest market for the sale of passenger electric cars, with China being the major contributor in the region. Demand for electric passenger cars in Europe and North America has also grown due to rising fuel prices and increasing awareness for decarbonized vehicles. Some electric passenger car models offer an average driving range of 500-600 km, but these are higher-ranged electric passenger cars. Cell to pack batteries would help to equip economical electric passenger cars with high energy density at lower cost and reduced weight.
Further, cell to pack battery technology will support the noteworthy developments undertaken by electric vehicle manufacturers in high-voltage battery areas for the passenger cars segment to improve vehicle range and reduce charging time. For instance, Hyundai and Kia have introduced high-speed 800V architecture for upcoming passenger vehicles. Porsche has an EV model Taycan which supports an 800 V battery architecture. Other OEMs have also announced using cell to pack batteries in upcoming models.
In December 2021, Toyota Motor Corporation partnered with BYD Company Ltd. to build an electric car with a blade battery. In October 2021, Hyundai MOBIS (South Korea) entered a partnership with CATL, wherein CATL would supply the cell- to-pack battery technology to Hyundai MOBIS. This will likely bring some EV models to South Korea from 2023−2024 onwards. Further, a few Chinese OEMs – BYD Company Ltd., Neta, Xpeng Inc., etc. have either expanded or planned to expand with electric passenger car models in other parts of the world. All of these factors will help to dominate the passenger vehicle segment for cell to pack battery market
"Lithium iron phosphate chemistry to hold the largest share in the cell to pack battery."
Lithium iron phosphate (LFP) battery chemistry (a form of Lithium-ion battery) is also the most preferred choice among other chemistry for cell to pack battery technology. LFP batteries offer numerous advantages such as lightweight, lower cost, enhanced discharge, charge efficiency, durability, longer life span, minimal maintenance, and optimized safety, among others. Owing to these benefits, >90% of batteries developed with the cell to pack technology use LFP chemistry across all-electric vehicles.
In October 2021, Tesla declared that it would completely switch to LFP batteries in all its models owing to lower cost and easy production process rather than using NCA batteries for increasing the range of its vehicles. Currently, Tesla has adopted the use of LFP batteries in its best-selling models like Model 3 and Model Y. Apart from passenger cars, LFP has also been used in electric buses due to its lower costs and high voltage bearing feature. Thus, these factors and the need for an optimized energy density range would drive the LFP batteries' demand for CTP technology over the coming years.
Europe is speculated to be the fastest-growing market for cell to pack battery
Europe is anticipated to grow at the fastest rate for cell to pack battery market by 2030. Europe is witnessing significant expansion in the micro-cars segment owing to factors such as the stringent carbon emission mandate, incentive boost by green recovery funds, viable charging infrastructure, and intense promotion of electric and plug-in hybrid vehicles. The market demand for cell to pack batteries will be initially driven by the entry of foreign OEMs with vehicles equipped with this technology. For instance, BYD Tang, Han EV, and Atto 3 are offered in some European countries, including Norway, Germany, Sweden, and the UK.
Tesla sells Model 3 and Model Y in Europe and is expected to deploy cell to pack batteries in these models in the coming years as it has started deploying these CTP batteries in China. Further, some electric commercial vehicle manufacturers (Solaris Bus & Coach sp. z o.o., VDL Bus & Coach BV) have partnered with Chinese battery supplier- CATL to receive cell to pack batteries in electric buses. However, the Russia-Ukraine crisis has disrupted the supply chain for batteries and other raw material supplies for electric vehicles and also affected EV sales to some extent. The situation is anticipated to recover in the coming years, thereby fueling the demand for cell to pack batteries in the years to come.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
•By Stakeholders: Demand Side – 20% and Supply Side – 80%
•By Designation: C Level Executives - 10%, Directors - 30%, and Others – 60%
•By Region: Europe – 10%, North America – 10%, and Others – 80%
Contemporary Amperex Technology Co., Limited. (China), BYD Company Ltd. (China), LG Energy Solution. (South Korea), Tesla (US), XPENG INC. (China), C4V (US), and Sunwoda Electronic Co., Ltd. (China) are the leading supplier of cell to pack battery in the global market.
Research Coverage:
The cell to pack battery market is segmented By Form (Prismatic, Pouch, Cylindrical), Battery Type [Lithium Iron Phosphate (LFP), Nickel Manganese Cobalt (NMC), Other Battery Types], Propulsion (BEV, PHEV), Technology (Blade Battery Technology, LiSER Battery Technology, Other Battery Technology), Electric Vehicle Type [Electric Passenger Cars, Electric Commercial Vehicles (Buses and Trucks)], and Region (Asia Pacific, Europe, and North America).
The study also includes an in-depth competitive analysis of the major cell to pack battery manufacturers in the market, 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 the market leaders with information on the closest approximations of the revenue numbers for the overall cell to pack battery market and the sub-segments. This report covers technological trends like improved battery designs and battery chemistry, the development of new cell to chassis battery technology about cell to pack battery market, which would help the stakeholders to understand more about the battery technology advancements in the industry. This report would help stakeholders understand the fastest growing market that is Europe, and the largest market that is Asia Pacific, for cell to pack batteries at regional and global levels and the factors influencing the growth of these regions. This report will help stakeholders to understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
1INTRODUCTION33
1.1STUDY OBJECTIVES33
1.2MARKET DEFINITION33
1.3INCLUSIONS & EXCLUSIONS34
1.4STUDY SCOPE35
FIGURE 1MARKET SEGMENTATION: CELL TO PACK BATTERY MARKET35
1.4.1REGIONAL SCOPE35
FIGURE 2CELL TO PACK BATTERY MARKET: REGIONAL SCOPE35
1.4.2YEARS CONSIDERED36
1.5CURRENCY CONSIDERED36
TABLE 1CURRENCY EXCHANGE RATES36
1.6LIMITATIONS37
1.7STAKEHOLDERS37
2RESEARCH METHODOLOGY38
2.1RESEARCH DATA38
FIGURE 3RESEARCH DESIGN38
FIGURE 4RESEARCH METHODOLOGY MODEL39
2.1.1SECONDARY DATA40
2.1.1.1Key data from secondary sources40
2.1.1.2Key data from secondary sources41
2.1.2PRIMARY DATA42
FIGURE 5BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, AND REGION42
2.1.2.1Breakdown of primary interviews43
2.2MARKET ESTIMATION METHODOLOGY43
FIGURE 6RESEARCH METHODOLOGY: HYPOTHESIS BUILDING44
2.2.1RECESSION IMPACT ANALYSIS45
2.3MARKET SIZE ESTIMATION45
2.3.1BOTTOM-UP APPROACH45
FIGURE 7CELL TO PACK BATTERY MARKET, BY VEHICLE TYPE: BOTTOM-UP APPROACH46
2.3.2TOP-DOWN APPROACH46
FIGURE 8CELL TO PACK BATTERY MARKET, BY BATTERY TYPE: TOP-DOWN APPROACH46
2.3.3FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE47
2.4FACTOR ANALYSIS47
2.5DATA TRIANGULATION48
FIGURE 9DATA TRIANGULATION METHODOLOGY48
2.6RESEARCH ASSUMPTIONS49
2.7RISK ASSESSMENT50
2.8RESEARCH LIMITATIONS52
3EXECUTIVE SUMMARY53
3.1INTRODUCTION53
3.1.1PRE VS. POST-RECESSION SCENARIO53
FIGURE 10PRE VS. POST-RECESSION SCENARIO: CELL TO PACK BATTERY MARKET SIZE, 2020−2030 (USD MILLION)53
TABLE 2PRE VS. POST-RECESSION SCENARIO: CELL TO PACK BATTERY MARKET, 2020–2030 (USD MILLION)54
3.1.2REPORT SUMMARY55
FIGURE 11CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION)55
4PREMIUM INSIGHTS58
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CELL TO PACK BATTERY MARKET58
FIGURE 12RISING DEMAND FOR HIGH ENERGY DENSITY BATTERIES TO DRIVE MARKET GROWTH58
4.2CELL TO PACK BATTERY MARKET, BY REGION59
FIGURE 13ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD59
4.3CELL TO PACK BATTERY MARKET, BY BATTERY FORM59
FIGURE 14PRISMATIC FORM SEGMENT PREDICTED TO DOMINATE MARKET DURING FORECAST PERIOD59
4.4CELL TO PACK BATTERY MARKET, BY BATTERY TYPE60
FIGURE 15LITHIUM IRON PHOSPHATE SEGMENT TO HOLD LARGEST SHARE FOR CELL TO PACK BATTERY MARKET60
4.5CELL TO PACK BATTERY MARKET, BY PROPULSION60
FIGURE 16BEVS SEGMENT PROJECTED TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD60
4.6CELL TO PACK BATTERY MARKET, BY TECHNOLOGY61
FIGURE 17BLADE BATTERY TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD61
4.7CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE61
FIGURE 18PASSENGER CARS SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD61
5MARKET OVERVIEW62
5.1INTRODUCTION62
5.2MARKET DYNAMICS63
FIGURE 19CELL TO PACK BATTERY: MARKET DYNAMICS63
5.2.1DRIVERS63
5.2.1.1Increase in EV demand63
FIGURE 20EV BATTERY MARKET, BY MATERIAL TYPE, 2022 VS 202764
5.2.1.2Growing technological advancements in batteries64
5.2.2RESTRAINTS65
5.2.2.1Limiting use of electric vehicles65
5.2.3OPPORTUNITIES65
5.2.3.1Electrification of commercial vehicles65
FIGURE 21ELECTRIC BUSES MARKET, BY REGION, 2018-202166
FIGURE 22ELECTRIC TRUCKS MARKET, BY REGION, 2019-202166
5.2.4CHALLENGES67
5.2.4.1Battery design and initial costs67
5.2.4.2Safety concerns due to battery thermal management67
5.3PORTER'S FIVE FORCES ANALYSIS68
TABLE 3PORTER'S FIVE FORCES ANALYSIS68
FIGURE 23PORTER'S FIVE FORCES ANALYSIS68
5.3.1THREAT OF NEW ENTRANTS69
5.3.2THREAT OF SUBSTITUTES69
5.3.3BARGAINING POWER OF SUPPLIERS69
5.3.4BARGAINING POWER OF BUYERS69
5.3.5INTENSITY OF COMPETITIVE RIVALRY70
5.4IMPACT OF RECESSION ON CELL TO PACK BATTERY MARKET SCENARIO ANALYSIS70
5.4.1INTRODUCTION70
5.4.2REGIONAL MACRO-ECONOMIC OVERVIEW70
5.4.3ANALYSIS OF KEY ECONOMIC INDICATORS71
TABLE 4KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021−202271
5.4.4ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION72
5.4.4.1Europe72
TABLE 5EUROPE: KEY ECONOMIC INDICATORS, 2021−202372
5.4.4.2Asia Pacific73
TABLE 6ASIA PACIFIC: KEY ECONOMIC INDICATORS, 2021–202373
5.4.4.3Americas73
TABLE 7AMERICAS: KEY ECONOMIC INDICATORS, 2021−202373
5.4.5ECONOMIC OUTLOOK/PROJECTIONS74
TABLE 8GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024−2027 (% GROWTH)74
5.5IMPACT ON ELECTRIC VEHICLE SALES75
5.5.1ANALYSIS OF ELECTRIC VEHICLE SALES75
5.5.1.1Europe75
FIGURE 24EUROPE: ELECTRIC PASSENGER CARS, BEV, AND PHEV SALES, BY COUNTRY, 2021–202275
5.5.1.2Asia Pacific76
FIGURE 25ASIA PACIFIC: PASSENGER CARS, BEV AND PHEV SALES, BY COUNTRY, 2021–202276
5.5.1.3North America77
FIGURE 26NORTH AMERICA: PASSENGER CARS, BEVS, AND PHEVS SALES, BY COUNTRY, 2021−202277
5.5.2ELECTRIC VEHICLE SALES OUTLOOK78
FIGURE 27PASSENGER CARS, BEVS, AND PHEVS VEHICLE SALES FORECAST, 2022 VS. 2030 (UNITS)78
5.5.3IMPACT OF RECESSION ON CELL TO PACK BATTERY MARKET: SCENARIO ANALYSIS81
FIGURE 28SCENARIO ANALYSIS: CELL TO PACK BATTERY MARKET SCENARIO, 2020−2030 (USD MILLION)81
5.5.3.1Most likely recession scenario81
TABLE 9CELL TO PACK BATTERY MARKET (MOST LIKELY RECESSION SCENARIO), BY REGION, 2020−2030 (USD MILLION)82
5.5.3.2High-impact recession scenario82
TABLE 10CELL TO PACK BATTERY MARKET (HIGH-IMPACT RECESSION SCENARIO), BY REGION, 2020−2030 (USD MILLION)82
5.5.3.3Low-impact recession scenario83
TABLE 11CELL TO PACK BATTERY MARKET (LOW-IMPACT RECESSION SCENARIO), BY REGION, 2020−2030 (USD MILLION)83
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES84
FIGURE 29REVENUE SHIFT DRIVING MARKET GROWTH84
5.7SUPPLY CHAIN ANALYSIS85
FIGURE 30SUPPLY CHAIN ANALYSIS: CELL TO PACK BATTERY MARKET (1/2)85
FIGURE 31SUPPLY CHAIN ANALYSIS: CELL TO PACK BATTERY MARKET (2/2)86
5.8ECOSYSTEM87
FIGURE 32CELL TO PACK BATTERY MARKET: ECOSYSTEM87
FIGURE 33CELL TO PACK BATTERY MARKET: ECOSYSTEM ANALYSIS88
TABLE 12ROLE OF COMPANIES IN CELL TO PACK BATTERY MARKET ECOSYSTEM88
5.9TECHNOLOGY ANALYSIS89
5.9.1IMPROVED BATTERY DESIGN AND COMPOSITION89
5.9.2CELL TO CHASSIS BATTERY TECHNOLOGY90
5.10AVERAGE SELLING PRICE ANALYSIS90
TABLE 13AVERAGE SELLING PRICE, BY REGION90
TABLE 14AVERAGE SELLING PRICE, BY BATTERY FORM90
5.11CELL TO PACK BATTERY MARKET: PATENT ANALYSIS, 2019−202291
TABLE 15PATENT ANALYSIS 2019−202291
5.12REGULATORY LANDSCAPE94
5.12.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS94
5.12.1.1North America: List of regulatory bodies, government agencies, and other organizations94
TABLE 16NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS94
5.12.1.2Europe: List of regulatory bodies, government agencies, and other organizations96
TABLE 17EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS96
5.12.1.3Asia Pacific: List of regulatory bodies, government agencies, and other organizations97
TABLE 18ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS97
5.12.1.4Rest of the World: List of regulatory bodies, government agencies, and other organizations98
TABLE 19REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
5.13CASE STUDY ANALYSIS98
5.13.1USE CASE 1: DEVELOPMENT OF BLADE BATTERY BY BYD COMPANY LTD.98
6CELL TO PACK BATTERY MARKET, BY BATTERY FORM99
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
6.1INTRODUCTION100
6.1.1RESEARCH METHODOLOGY100
6.1.2ASSUMPTIONS100
6.1.3INDUSTRY INSIGHTS101
FIGURE 34CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023 VS. 2030101
TABLE 20CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2020−2022 (UNITS)101
TABLE 21CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023−2030 (UNITS)102
TABLE 22CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2020−2022 (USD MILLION)102
TABLE 23CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023−2030 (USD MILLION)102
6.2PRISMATIC CELLS103
6.2.1SIMPLE DESIGN AND HIGH-ENERGY-DENSITY CAPACITY TO BOOST MARKET103
TABLE 24PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)103
TABLE 25PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)103
TABLE 26PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)104
TABLE 27PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)104
6.3POUCH CELLS104
6.3.1FLEXIBLE STRUCTURAL FEATURE TO PROMOTE SEGMENT GROWTH104
TABLE 28POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)105
TABLE 29POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)105
TABLE 30POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)105
TABLE 31POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)105
6.4CYLINDRICAL CELLS106
6.4.1LESS SPACE UTILIZATION TO BOOST DEMAND106
TABLE 32CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)106
TABLE 33CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)107
TABLE 34CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)107
TABLE 35CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)107
7CELL TO PACK BATTERY MARKET, BY BATTERY TYPE108
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
7.1INTRODUCTION109
7.1.1RESEARCH METHODOLOGY109
7.1.2ASSUMPTIONS110
7.1.3INDUSTRY INSIGHTS110
FIGURE 35CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023 VS. 2030 (USD MILLION)110
TABLE 36CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2020−2022 (UNITS)111
TABLE 37CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023−2030 (UNITS)111
TABLE 38CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2020−2022 (USD MILLION)111
TABLE 39CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023−2030 (USD MILLION)112
7.2LITHIUM IRON PHOSPHATE BATTERIES (LFP)112
7.2.1LOW-COST FEATURE TO BENEFIT SEGMENT112
TABLE 40LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)112
TABLE 41LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)113
TABLE 42LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)113
TABLE 43LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)113
7.3NICKEL MANGANESE COBALT BATTERIES (NMC)114
7.3.1HIGHER ENERGY DENSITY TO STRENGTHEN SEGMENTAL GROWTH114
TABLE 44NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)114
TABLE 45NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)114
TABLE 46NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)115
TABLE 47NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)115
7.4OTHER BATTERY TYPES115
7.4.1NEED TO REDUCE DEPENDENCY ON LFP BATTERIES TO PROMOTE SEGMENT EXPANSION115
TABLE 48OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)116
TABLE 49OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)116
TABLE 50OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)116
TABLE 51OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)117
8CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE118
Note: The chapter is on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
8.1INTRODUCTION119
8.1.1RESEARCH METHODOLOGY119
8.1.2ASSUMPTIONS119
8.1.3INDUSTRY INSIGHTS120
FIGURE 36CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023 VS. 2030 (USD MILLION)120
TABLE 52CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020−2022 (UNITS)120
TABLE 53CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (UNITS)121
TABLE 54CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020−2022 (USD MILLION)121
TABLE 55CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (USD MILLION)121
8.2ELECTRIC PASSENGER CARS122
8.2.1RISING DEMAND FOR LONG-RANGE AND LIGHTWEIGHT BATTERIES TO DRIVE SEGMENT GROWTH122
TABLE 56ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)122
TABLE 57ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)122
TABLE 58ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)123
TABLE 59ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)123
8.3ELECTRIC BUSES123
8.3.1GROWING TREND OF ELECTRIFICATION OF PUBLIC TRANSPORT BUSES TO DRIVE DEMAND FOR HIGH-ENERGY-DENSITY BATTERIES123
TABLE 60ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)124
TABLE 61ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)124
TABLE 62ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)124
TABLE 63ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)125
8.4ELECTRIC TRUCKS125
8.4.1RISING TREND FOR ELECTRIFICATION OF TRUCKS TO CREATE OPPORTUNITIES FOR MARKET125
TABLE 64ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)125
TABLE 65ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)126
TABLE 66ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2020–2022 (USD MILLION)126
TABLE 67ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)126
9CELL TO PACK BATTERY MARKET, BY PROPULSION127
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
9.1INTRODUCTION128
9.1.1RESEARCH METHODOLOGY128
9.1.2ASSUMPTIONS129
9.1.3INDUSTRY INSIGHTS129
FIGURE 37CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023 VS. 2030 (USD MILLION)129
TABLE 68CELL TO PACK BATTERY MARKET, BY PROPULSION, 2020−2022 (UNITS)129
TABLE 69CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023−2030 (UNITS)130
TABLE 70CELL TO PACK BATTERY MARKET, BY PROPULSION, 2020−2022 (USD MILLION)130
TABLE 71CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023−2030 (USD MILLION)130
9.2BATTERY ELECTRIC VEHICLES (BEVS)131
9.2.1RISING DEMAND FOR LIGHTWEIGHT, COST-EFFICIENT, AND HIGH-ENERGY-DENSITY BATTERIES TO DRIVE MARKET131
TABLE 72BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)131
TABLE 73BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)131
TABLE 74BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)132
TABLE 75BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)132
9.3PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)132
9.3.1INCREASE IN PHEV DEMAND TO SUPPORT MARKET GROWTH132
TABLE 76PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020–2022 (UNITS)133
TABLE 77PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)133
TABLE 78PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)133
TABLE 79PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)134
10CELL TO PACK BATTERY MARKET, BY TECHNOLOGY135
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume
10.1INTRODUCTION136
10.1.1RESEARCH METHODOLOGY136
10.1.2ASSUMPTIONS136
10.1.3INDUSTRY INSIGHTS137
FIGURE 38CELL TO PACK BATTERY MARKET, BY TECHNOLOGY, 2023 VS. 2030 (THOUSAND UNITS)137
TABLE 80CELL TO PACK BATTERY MARKET, BY BATTERY TECHNOLOGY, 2020−2022 (UNITS)137
TABLE 81CELL TO PACK BATTERY MARKET, BY BATTERY TECHNOLOGY, 2023−2030 (UNITS)138
10.2BLADE BATTERY138
10.2.1HIGHER VCTPR AND GCTPR OF BLADE BATTERIES TO SUPPORT GROWTH138
TABLE 82BLADE BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)139
TABLE 83BLADE BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)139
10.3LISER BATTERY139
10.3.1100% NICKEL AND COBALT-FREE FEATURE TO DRIVE SEGMENTAL GROWTH139
TABLE 84LISER BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)140
TABLE 85LISER BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)140
10.4OTHER BATTERY TECHNOLOGIES141
10.4.1HIGH COMPETITION IN EV BATTERY MARKET TO DRIVE DEMAND141
TABLE 86OTHER BATTERY TECHNOLOGIES: CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)141
TABLE 87OTHER BATTERY TECHNOLOGIES: CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)141
11CELL TO PACK BATTERY MARKET, BY REGION142
Note: The chapter is provided by vehicle type at country level – Asia Pacific (China, India, Japan, South Korea), Europe (France, Germany, Norway, The Netherlands, Switzerland, Spain, Sweden, UK, and Europe Others) and North America (US and Canada). The market size is provided in terms of volume and value
11.1INTRODUCTION143
11.1.1RESEARCH METHODOLOGY143
11.1.2ASSUMPTIONS144
11.1.3INDUSTRY INSIGHTS144
FIGURE 39CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION)144
TABLE 88CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (UNITS)145
TABLE 89CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (UNITS)145
TABLE 90CELL TO PACK BATTERY MARKET, BY REGION, 2020−2022 (USD MILLION)145
TABLE 91CELL TO PACK BATTERY MARKET, BY REGION, 2023−2030 (USD MILLION)145
11.2ASIA PACIFIC146
FIGURE 40ASIA PACIFIC: CELL TO PACK BATTERY MARKET SNAPSHOT147
TABLE 92ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (UNITS)147
TABLE 93ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (UNITS)148
TABLE 94ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (USD MILLION)148
TABLE 95ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (USD MILLION)148
11.2.1CHINA149
11.2.1.1Rising EV demand and increasing technological advancement for improved battery performance149
TABLE 96CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)149
TABLE 97CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)149
TABLE 98CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)150
TABLE 99CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)150
11.2.2JAPAN150
11.2.2.1Regional EV OEMs partnering with battery suppliers to use advanced battery solutions150
TABLE 100JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)151
TABLE 101JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)151
TABLE 102JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)151
TABLE 103JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)152
11.2.3INDIA152
11.2.3.1Government subsidies and incentives to drive market152
TABLE 104INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)153
TABLE 105INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)153
TABLE 106INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)153
TABLE 107INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023–2030 (USD MILLION)154
11.2.4SOUTH KOREA154
11.2.4.1Increasing focus on sustainable electric mobility to boost market154
TABLE 108SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)154
TABLE 109SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)155
TABLE 110SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)155
TABLE 111SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)155
11.3EUROPE156
FIGURE 41EUROPE: CELL TO PACK BATTERY MARKET SNAPSHOT157
TABLE 112EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (UNITS)158
TABLE 113EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (UNITS)158
TABLE 114EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (USD MILLION)159
TABLE 115EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030(USD MILLION)159
11.3.1FRANCE160
11.3.1.1Rise in e-logistics transport to drive market160
TABLE 116FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)160
TABLE 117FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)160
TABLE 118FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)161
TABLE 119FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)161
11.3.2GERMANY161
11.3.2.1Presence of leading companies and higher demand for BEVs to benefit market161
TABLE 120GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)162
TABLE 121GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)162
TABLE 122GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)162
TABLE 123GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)163
11.3.3NORWAY163
11.3.3.1Replacement of conventional vehicles with advanced EVs to drive market163
TABLE 124NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)164
TABLE 125NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (UNITS)164
TABLE 126NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)164
TABLE 127NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)165
11.3.4SWITZERLAND165
11.3.4.1Rapid adoption of EVs to create demand for high energy density batteries to boost market165
TABLE 128SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)165
TABLE 129SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)166
TABLE 130SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)166
TABLE 131SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)166
11.3.5NETHERLANDS167
11.3.5.1Rising focus on enhanced battery technology in commercial vehicles to strengthen market167
TABLE 132NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)167
TABLE 133NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)167
TABLE 134NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020−2022 (USD MILLION)168
TABLE 135NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)168
11.3.6SPAIN168
11.3.6.1Rising domestic battery cell production to offer opportunities168
TABLE 136SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)169
TABLE 137SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)169
TABLE 138SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)169
TABLE 139SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)170
11.3.7SWEDEN170
11.3.7.1Presence of OEMs to boost demand for EV batteries170
TABLE 140SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)170
TABLE 141SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)171
TABLE 142SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)171
TABLE 143SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)171
11.3.8UK172
11.3.8.1Increasing presence of international EV manufacturers to augment market size172
TABLE 144UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)172
TABLE 145UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (UNITS)172
TABLE 146UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)173
TABLE 147UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (USD MILLION)173
11.3.9EUROPE OTHERS173
TABLE 148EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)174
TABLE 149EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)174
TABLE 150EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)174
TABLE 151EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)175
11.4NORTH AMERICA175
FIGURE 42NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION)176
TABLE 152NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (UNITS)176
TABLE 153NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (UNITS)176
TABLE 154NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020−2022 (USD MILLION)177
TABLE 155NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023−2030 (USD MILLION)177
11.4.1US177
11.4.1.1Growing demand for electric SUVs to drive market177
TABLE 156US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)178
TABLE 157US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)178
TABLE 158US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)178
TABLE 159US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023−2030 (USD MILLION)179
11.4.2CANADA179
11.4.2.1Government subsidies to promote EVs to drive market179
TABLE 160CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (UNITS)179
TABLE 161CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (UNITS)180
TABLE 162CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020−2022 (USD MILLION)180
TABLE 163CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023−2030 (USD MILLION)180
12RECOMMENDATIONS BY MARKETSANDMARKETS181
12.1ADVANCEMENT IN BATTERY PACKS TO DRIVE CELL TO PACK BATTERY DEMAND181
12.2DEMAND FOR EFFICIENT AND LOW-COST BATTERY CHEMISTRY TO DRIVE MARKET182
12.3CONCLUSION182
13COMPETITIVE LANDSCAPE183
13.1OVERVIEW183
13.2CELL TO PACK BATTERY MARKET RANKING, 2022183
FIGURE 43CELL TO PACK BATTERY MARKET RANKING, 2022183
13.3REVENUE ANALYSIS OF TOP FIVE PLAYERS185
FIGURE 44CELL TO PACK BATTERY MARKET, REVENUE ANALYSIS185
13.4COMPANY EVALUATION QUADRANT185
13.4.1TERMINOLOGY185
13.4.2STARS186
13.4.3PERVASIVE PLAYERS186
13.4.4EMERGING LEADERS186
13.4.5PARTICIPANTS186
FIGURE 45CELL TO PACK BATTERY MARKET COMPETITIVE LEADERSHIP MAPPING, 2022187
13.5CELL TO PACK BATTERY MARKET: COMPANY FOOTPRINT188
TABLE 164CELL TO PACK BATTERY MARKET: COMPANY FOOTPRINT ANALYSIS, 2022188
TABLE 165CELL TO PACK BATTERY MARKET: COMPANY PRODUCT CATEGORY FOOTPRINT, 2022189
TABLE 166CELL TO PACK BATTERY MARKET: COMPANY REGION FOOTPRINT, 2022190
13.6COMPETITIVE BENCHMARKING191
TABLE 167CELL TO PACK BATTERY MARKET: KEY SMES191
TABLE 168CELL TO PACK BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [SMES]192
13.7COMPETITIVE SCENARIO193
13.7.1PRODUCT LAUNCHES193
TABLE 169PRODUCT LAUNCHES, 2019−2022193
13.7.2DEALS194
TABLE 170DEALS, 2020−2022194
13.7.3OTHERS200
TABLE 171OTHERS, 2020−2022200
13.8STRATEGIES ADOPTED BY KEY PLAYERS202
TABLE 172OVERVIEW OF STRATEGIES DEPLOYED BY KEY CELL TO PACK BATTERY MARKET OEMS202
14COMPANY PROFILES205
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
14.1KEY PLAYERS205
14.1.1CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.205
TABLE 173CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: BUSINESS OVERVIEW205
FIGURE 46CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: COMPANY SNAPSHOT206
TABLE 174CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: PRODUCT LAUNCHES206
TABLE 175CONTEMPORARY AMPEREX TECHNOLOGY LIMITED.: DEALS207
TABLE 176CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: OTHERS209
14.1.2LG ENERGY SOLUTION.211
TABLE 177LG ENERGY SOLUTION.: BUSINESS OVERVIEW211
FIGURE 47LG ENERGY SOLUTION.: COMPANY SNAPSHOT212
TABLE 178LG ENERGY SOLUTION.: PRODUCT LAUNCHES212
TABLE 179LG ENERGY SOLUTION.: DEALS212
14.1.3BYD COMPANY LTD.215
TABLE 180BYD COMPANY LTD.: BUSINESS OVERVIEW215
FIGURE 48BYD COMPANY LTD.: COMPANY SNAPSHOT216
TABLE 181BYD COMPANY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED216
TABLE 182BYD COMPANY LTD.: PRODUCT LAUNCHES217
TABLE 183BYD COMPANY LTD.: DEALS218
TABLE 184BYD COMPANY LTD: OTHERS218
14.1.4C4V220
TABLE 185C4V: BUSINESS OVERVIEW220
TABLE 186C4V: PRODUCT LAUNCHES221
TABLE 187C4V: DEALS221
14.1.5SUNWODA ELECTRONIC CO., LTD.223
TABLE 188SUNWODA ELECTRONIC CO., LTD.: BUSINESS OVERVIEW223
FIGURE 49SUNWODA ELECTRONIC CO., LTD.: COMPANY SNAPSHOT224
TABLE 189SUNWODA ELECTRONIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED224
TABLE 190SUNWODA ELECTRONIC CO., LTD.: PRODUCT LAUNCHES225
TABLE 191SUNWODA ELECTRONIC CO., LTD.: DEALS225
TABLE 192SUNWODA ELECTRONIC CO., LTD.: OTHERS226
14.1.6TESLA228
TABLE 193TESLA: BUSINESS OVERVIEW228
FIGURE 50TESLA: COMPANY SNAPSHOT229
TABLE 194TESLA: DEALS229
14.1.7PANASONIC HOLDINGS CORPORATION230
TABLE 195PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW230
FIGURE 51PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT231
TABLE 196PANASONIC HOLDINGS CORPORATION: DEALS231
TABLE 197PANASONIC HOLDINGS CORPORATION: OTHERS232
14.1.8ELEVENES233
TABLE 198ELEVENES: BUSINESS OVERVIEW233
14.1.9ELECTRA234
TABLE 199ELECTRA: BUSINESS OVERVIEW234
TABLE 200ELECTRA: DEALS234
14.1.10CAMELOT ELECTRONIC TECHNOLOGY CO., LTD.235
TABLE 201CAMELOT ELECTRONIC TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW235
TABLE 202CAMELOT ELECTRONIC TECHNOLOGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED235
14.1.11SILVER POWER SYSTEMS236
TABLE 203SILVER POWER SYSTEMS: BUSINESS OVERVIEW236
14.1.12BMW AG237
TABLE 204BMW AG: BUSINESS OVERVIEW237
FIGURE 52BMW AG: COMPANY SNAPSHOT238
TABLE 205BMW AG: DEALS239
14.1.13FORD MOTOR COMPANY240
TABLE 206FORD MOTOR COMPANY: BUSINESS OVERVIEW240
FIGURE 53FORD MOTOR COMPANY: COMPANY SNAPSHOT241
TABLE 207FORD MOTOR COMPANY: DEALS241
14.1.14SOLARIS BUS & COACH SP. Z O.O.242
TABLE 208SOLARIS BUS & COACH SP. Z O.O.: BUSINESS OVERVIEW242
TABLE 209SOLARIS BUS & COACH SP. Z O.O.: DEALS242
14.1.15HENKEL AG & CO. KGAA243
TABLE 210HENKEL AG & CO. KGAA: BUSINESS OVERVIEW243
FIGURE 54HENKEL AG & CO. KGAA: COMPANY SNAPSHOT244
TABLE 211HENKEL AG & CO. KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED244
TABLE 212HENKEL AG & CO. KGAA.: DEALS245
TABLE 213HENKEL AG & CO. KGAA: OTHERS245
14.1.16AZL AACHEN GMBH246
TABLE 214AZL AACHEN GMBH: BUSINESS OVERVIEW246
14.1.17XPENG INC.247
TABLE 215XPENG INC.: BUSINESS OVERVIEW247
FIGURE 55XPENG INC.: COMPANY SNAPSHOT248
TABLE 216XPENG INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED248
TABLE 217XPENG INC.: PRODUCT LAUNCHES249
TABLE 218XPENG INC.: OTHERS249
14.1.18NIO250
TABLE 219NIO: BUSINESS OVERVIEW250
FIGURE 56NIO.: COMPANY SNAPSHOT251
TABLE 220NIO INC.: PRODUCT LAUNCHES251
14.1.19VDL BUS &
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