Overview of the Global EV Battery Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global EV Battery Market By Type (Blister Packaging, Clamshell Packaging, Skin Packaging, Others), By Material (Plastic, Aluminum, Paper & Paperboat), By Heat Seal Coating (Solvent-Based, Water-Based, Hot-Melt-Based), By End-Use Industry (Food & Beverages, Pharmaceuticals, Electronics, Home & Personal Care, Others) and Others, The Global EV Battery Market size was valued at USD 132.5 billion in 2023 & is projected to reach USD 495.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global EV Battery Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 14.4%
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Global EV Battery Market Opportunity:
Emergence of Battery-as-a-Service Model – The Battery-as-a-service model is emerging as a concrete approach and solution to the high cost of electric vehicles worldwide. The model allows the consumers to subscribe or lease the electric vehicle battery separately from the vehicle itself, thereby reducing the overall cost of electric vehicles and increasing overall affordability. Moreover, the concerns about battery degradation and high replacement costs are also alleviated by the BaaS model, as the service providers handle all these maintenance and upgrade costs. Various automobile manufacturers, start-ups, battery providers, etc., have been providing this model under their offerings to reduce the cost burden on consumers prompting electric vehicle adoption globally.
These models would be more economically viable for the consumers. As a result, they would continue to adopt the BaaS services. Along with it, this service model addresses the concerns about battery longevity, health, performance, degradation, replacements, etc., which would help to gain consumer trust and confidence. This, in turn, would create significant market opportunities in the Global Electric Vehicle Battery Market and surge market growth in forecast years.
A Comprehensive Analysis of Leading Companies of EV Battery Market by MarkNtel Advisors:
Contemporary Amperex Technology Co., Limited (CATL)
LG Energy Solutions
BYD Company Limited
Panasonic Corporation
Toshiba Corporation
Mitsubishi Corporation
Enersys
SK Inc.
CALB
Gotion Inc.
Sunwoda Electronic Co. Ltd.
Farasis Energy
Vehicle Energy Japan, Inc.
Exide Industries
Primearth EV Energy Co., Ltd.
Others
Key EV Battery Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/ev-battery-market.html
-By Battery Type
Lithium-Ion- Market Size & Forecast 2020-2030F, (Thousand Units)
Lead-Acid- Market Size & Forecast 2020-2030F, (Thousand Units)
Nickel-Metal Hydride- Market Size & Forecast 2020-2030F, (Thousand Units)
Others (Sodium Ion, Solid-State)- Market Size & Forecast 2020-2030F, (Thousand Units)
-By Battery Capacity
<50 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
50-110 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
111-200 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
201-300 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
>300 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
-By Battery Form
Prismatic- Market Size & Forecast 2020-2030F, (Thousand Units)
Pouch- Market Size & Forecast 2020-2030F, (Thousand Units)
Cylindrical - Market Size & Forecast 2020-2030F, (Thousand Units)
-By Propulsion Type
Battery Electric Vehicle (BEV)- Market Size & Forecast 2020-2030F, (Thousand Units)
Plug-In Hybrid Electric Vehicle (PHEV)- Market Size & Forecast 2020-2030F, (Thousand Units)
Fuel-Cell Electric Vehicle- Market Size & Forecast 2020-2030F, (Thousand Units)
Hybrid Vehicle- Market Size & Forecast 2020-2030F, (Thousand Units)
-By Vehicle Type
Two-wheeler- Market Size & Forecast 2020-2030F, USD Million
Passenger Cars- Market Size & Forecast 2020-2030F, USD Million
Commercial Vehicles- Market Size & Forecast 2020-2030F, USD Million
-By Method
Wire Bonding- Market Size & Forecast 2020-2030F, (Thousand Units)
Laser Bonding- Market Size & Forecast 2020-2030F, (Thousand Units)
Ultrasonic Bonding - Market Size & Forecast 2020-2030F, (Thousand Units)
Geographical Analysis
-By Region
North America
South America
Europe
Middle East & Africa
Asia Pacific
Key Reports Highlights:
Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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