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Evolution of EV Batteries by Cell Type (Prismatic, Pouch, Cylindrical), Forecast to 2030

Publisher Frost & Sullivan
Published Oct 24, 2024
SKU # MC19281344

Description

Evolution of EV Batteries by Cell Type (Prismatic, Pouch, Cylindrical), Forecast to 2030


Prismatic EV Batteries will Experience Transformational Growth by 2030. Pouch Cells will Gain Popularity, Driven by the Growing Adoption of Solid-state Batteries.

Global demand for electric vehicle (EV) batteries is surging, driven by the rapid growth of EVs and the increasingly stringent environmental regulations. In response, the industry is experiencing a transformative shift, with advancements in battery formats, chemistries, and structural designs. Cylindrical, prismatic, and pouch cells—each with unique advantages—compete for market leadership. Innovations in lithium-ion technology, alongside emerging solid-state and alternative chemistries, are reshaping the landscape. As the drive for higher energy density, faster charging, and enhanced safety accelerates, the EV batteries industry is set for significant evolution.

Currently, prismatic cells lead the industry due to their high energy density, efficient packaging, and effective thermal management, making them a preferred choice among manufacturers. However, cylindrical and pouch formats are gaining traction in specific applications. China remains the dominant market and producer of EV batteries, with major manufacturers such as CATL, BYD, and CALB. Meanwhile, companies from South Korea, including Samsung SDI, LG Energy, and Panasonic, are also influential industry participants.

Investments in high energy density and safety-focused batteries are driving innovation, with expectations for the industry to adopt new chemistries, advanced battery pack designs, and alternative cathode and anode materials by 2030.

This Frost & Sullivan study provides an in-depth analysis of battery formats and their evolution, along with their anticipated demand through 2030. It includes a detailed analysis of format preferences among key OEMs over the years and forecasts future trends. The study also covers regional battery installations in GWh over the past 4 years, leading suppliers' cell format offerings, and future expectations for the 3 cell formats.

Table of Contents

Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the EV Batteries Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Ecosystem
Scope of Analysis
Key Highlights (2023) and Future Predictions (2030)
Conventional EV Battery Configuration
Battery Cell Segmentation by Format
Key Cell Formats Companies Offer
OEMs and their Battery Suppliers
Growth Drivers
Growth Restraints
Future Trends
Key Future Trends in the EV Batteries Market
Solid-state and Sodium-ion Battery Developments
Reducing Battery Prices
Preferred Battery Chemistry by Cell Format
Developments in Battery Pack Design
Format Segments
EV Battery Installations
Market Share: Key Cell Formats
Key Suppliers’ Market Share
Different Cell Formats’ Estimated Market Share
Growth Opportunity Analysis
Assessment Criteria for Cell Format Selection
Structural Simplification and Development
Cylindrical Cells: Outer Dimensions
Prismatic Cells: Outer Dimensions
Pouch Cells: Outer Dimensions
Key OEM Profiles
Tesla: Vehicle Battery Evolution
Mercedes-Benz: Vehicle Battery Evolution
NIO: Vehicle Battery Evolution
Ford: Vehicle Battery Evolution
Audi: Vehicle Battery Evolution
Hyundai: Vehicle Battery Evolution
Toyota: Vehicle Battery Evolution
General Motors: Vehicle Battery Evolution
XPeng: Vehicle Battery Evolution
BMW: Vehicle Battery Evolution
Growth Opportunity Universe
Growth Opportunity 1: Multiple Cell Format Strategy
Growth Opportunity 2: Multiple Cell Chemistry Strategy
Growth Opportunity 3: Setting Up Technology-agnostic Gigafactories
Appendix & Next Steps
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
Legal Disclaimer

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