Global Electrical Vehicle Battery Market Analysis Report 2023-2028: Cost Reductions for EV Batteries & Surging Demand for Clean Energy Propels Adoption

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Sep 15, 2023, 06:15 ET

DUBLIN, Sept. 15, 2023 /PRNewswire/ -- The "Global Electrical Vehicle Battery Market" report has been added to ResearchAndMarkets.com's offering.

This report provides an analysis of the global market for electric vehicle batteries. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. This report also offers insights on drivers and opportunities for the market, which were gathered through primary and secondary research.

Due to their high energy density by weight, lithium-ion and lithium-polymer batteries are the most prevalent battery types in modern electric vehicles. Nickel-cadmium, nickel-metal hydride, lead-acid (and, less frequently, zinc-air and sodium nickel chloride) batteries are also used in electric vehicles. The quantity of energy stored in batteries is expressed in ampere-hours or coulombs, with the overall amount of energy frequently expressed in kilowatt-hours.

Consumer electronics, laptop computers, mobile phones, and power tools have driven innovations in lithium-ion battery equipment. These performance and energy density advancements have benefited the BEV and HEV markets. Unlike previous battery chemistries, particularly that of nickel-cadmium, the chemistry of lithium-ion batteries enables them to be discharged and recharged regularly and at any level of charge.

As the market for electric vehicles increases, the supply of second-life batteries increases. Forecasts from university studies and trade reports approximate a range of 112-275 GWh per year of second-life batteries becoming accessible by 2030 globally. After 8 to 12 years in a vehicle, the lithium batteries utilized in EVs are expected to hold more than two-thirds of their operational energy storage. Changing their condition, used EV batteries can serve an additional 5-8 years of service in a secondary application.

The capability of a battery to preserve and quickly discharge electricity degrades with use. Constant consumption of the maximum storage capacity of the battery, rapid charge and discharge cycles, and exposure to high temperatures are all likely to reduce battery performance.

Given the light-duty cycles suffered by EV batteries, some modules with minimal degradation and absent defects or damage could likely be refurbished and reused immediately as a substitute for the exact model vehicle. Leading car manufacturers, including Nissan and Tesla, have suggested rebuilding or refurbishing battery packs for buying or warranty replacement of original battery packs in EVs. The economics of second-life battery storage also depends on the cost of the repurposed system competing with new battery storage. To be used as stationary storage, used batteries must undergo numerous processes that are presently costly and time intensive.

The COVID-19 outbreak and the Russia-Ukraine war have disrupted global supply chains, particularly in the automotive industry. Soon, delays in EV delivery to clients may stifle sales growth in some countries. However, in the long run, government and business efforts to electrify transportation are laying a solid foundation for future EV sales growth.

The report's scope includes a detailed study of global and regional markets for battery type, propulsion, vehicle type, method, battery capacity, battery form, and material type. The qualitative and quantitative data of all segments are provided in the report. The report examines each segment, determines its current market size, and estimates its future market size with compound annual growth rates (CAGR).

The report also provides detailed profiles of the significant electric vehicle battery players and their strategies to enhance their market presence. The report also includes a competitive landscape chapter that discusses the market ecosystem of the top electric vehicle battery provider in 2022.

Report Includes

Estimation of market size and analyses of global market trends, with data from 2022, estimates for 2023 and 2024, and projections of compound annual growth rates (CAGRs) through 2028
Highlights of the market potential and characterization of electrical vehicle battery market by battery type, propulsion, vehicle type, method, battery capacity, battery form, material type and region
Insights into government initiatives, laws, and incentives to encourage electric vehicle usage and information on significant improvements in battery chemistry, materials, and manufacturing techniques
Description of gigafactories, the companies who run them and discussion on how they help in improving battery production capacity resulting in low cost and easy availability of EV batteries
Coverage of emerging technologies and developments of the industry
Evaluation of key industry acquisitions and strategic alliances and market share analysis of the leading suppliers of the industry
Profiles of the key companies of the industry, including BYD Co. Ltd., LG Chem, Mitsubishi Corp., Panasonic Holdings Corp. and Toshiba Corp.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

Introduction
Evolution of Electric Vehicle Batteries
Value Chain Analysis
Raw and Processed Materials
Cell Component Manufacturing
Cell Manufacturing
Battery Pack Manufacturing
Electric Vehicles Manufacturing
Recycling
Porter's Five Forces Model
Supplier Power
Buyer Power
Threat of New Entrants
Threat of Substitute
Competitive Rivalry
Impact of Covid-19 and Ukraine-Russia War on the Global Market
Covid-19 Impact
Impact of the Russia-Ukraine War

Chapter 4 Market Dynamics

Overview
Key Market Drivers
Increase in Demand for Electric Vehicles (Hevs, Phevs, Pure Evs, and Fcevs)
Cost Reductions for Ev Batteries
Growing Demand for Clean Energy
Reduction of Carbon Emissions
Market Restraints
High Capital Cost for Electric Vehicles Compared to Conventional Ice Vehicles
Inadequate Electric Vehicle Charging Infrastructure
Key Challenges in the Market for Electric Vehicle Batteries
Battery Capacity is Limited
Inadequate Uniformity of Electric Vehicle Charging Infrastructure
Market Opportunities
Government Efforts Relating to Electric Vehicles
Government Agencies Are Promoting the Establishment of Electric Charging Stations
To Feed the Market, Researchers Are Developing Wireless Ev Charging Technologies for On-The-Go Charging
Short-Term and Long-Term Impact of Market Dynamics

Chapter 5 Market Breakdown by Type of Battery

Overview
Lithium-Ion Batteries and Advanced Batteries
Lithium Battery Chemistry
Construction of Lithium-Ion Batteries
Advance Battery
Solid-State Batteries
Sodium-Ion Battery
Nickel-Metal Hydride Batteries
Lead-Acid Batteries

Chapter 6 Market Breakdown by Type of Propulsion

Overview
Battery Electric Vehicle (Bev)
Market Drivers for Battery Electric Vehicles
Key Components of Battery Electric Vehicle (Bev)
Hybrid Electric Vehicle (Hev)
Market Drivers for Hybrid Electric Vehicles
Operation of Hybrid Electric Vehicles
Key Components of a Hybrid Electric Vehicle (Hev)
Plug-In Hybrid Electric Vehicle (Phev)
Operation of Plug-In Hybrid Electric Vehicles
Market Drivers for Plug-In Hybrid Electric Vehicle
Key Components of a Plug-In Hybrid Electric Car (Phev)
Fuel Cell Electric Vehicle (Fcev)
Key Components of a Fuel Cell Electric Vehicle (Fcev)

Chapter 7 Market Breakdown by Type of Vehicle

Overview
Passenger Cars
Passenger Vehicle Market Summary
Vans
Bus
Electric Bus Market Summary
Truck
Other Types of Vehicles
Two-Wheeler
Off-Highway Vehicle

Chapter 8 Market Breakdown by Bonding Method

Overview
Wire Bonding
Laser Bonding

Chapter 9 Market Breakdown by Battery Capacity

Overview
<50 Kwh
50-100 Kwh
100-200 Kwh
200-300 Kwh
>300 Kwh

Chapter 10 Market Breakdown by Battery Form

Overview
Prismatic
Cylindrical
Pouch

Chapter 11 Market Breakdown by Type of Material

Overview
Lithium
Cobalt
Nickel
Other Types of Materials
Manganese
Natural Graphite

Chapter 12 Market Breakdown by Region

Overview
North America
U.S.
Canada
Europe
Germany
France
Norway
U.K.
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
Rest of the World
Middle East and Africa
South America

Chapter 13 Esg Development

Overview
Electric Vehicle Batteries and Esg Are Closely Related
Importance of Esg in the Electric Vehicle Battery Industry
Approach by Electric Vehicle Batteries to Achieve Esg Goals
Esg Penetration for Ev Battery Manufactures
Current Status of Esg in the Market for Electric Vehicle Batteries
Future of Esg With Electric Vehicle Battery Industry
Case Study: Examples of Successful Implementation of Esg
Concluding Remarks

Chapter 14 Emerging Technologies and Developments

Introduction
Current Market Trends
Increased Energy Density
Cost Reduction
Extended Battery Life
Fast-Charging Infrastructure
Sustainable and Recyclable Batteries
Emerging and Upcoming Trends in Electric Vehicle Batteries
Technological Background
Advancements in Electric Vehicle Batteries Technology
Longer Battery Lifespan
Recycling and Second-Life Applications
Integration of Battery and Vehicle Systems
Sustainable Battery Materials
Collaborations and Partnerships

Chapter 15 Patent Analysis

Overview
Key Patents

Chapter 16 M&A and Funding Outlook

M&A Analysis
Start-Up Funding in Electric Vehicle Batteries

Chapter 17 Competitive Landscape

Overview
Market Share Analysis
Market Strategy Analysis for Electric Vehicle Batteries
Agreements
Partnerships
Product Launches
Expansions
Investments
Key Market Developments
Agreement
Partnership
Product Launch
Expansion
Investment

Chapter 18 Company Profiles

Byd Co. Ltd.
Contemporary Amperex Technology Ltd. (Catl)
China Lithium Battery Technology Co. Ltd. (Calb)
Clariosno
Enersys
Envision Automotive Energy Supply Corp. (Aesc)
Lg Chem
Mitsubishi Corp.
Molicel
Panasonic Holdings Corp.
Samsung Sdi Co. Ltd.
Sk on Co. Ltd.
Toshiba Corp.
Vehicle Energy Japan Inc.
Primearth Ev Energy Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/jh8qrr

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