Global Automotive 590 Battery Module Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Automotive 590 Battery Module market size was valued at US$ 26250 million in 2024 and is forecast to a readjusted size of USD 14520 million by 2031 with a CAGR of -8.2% during review period.

The automotive 590 battery module is an important module in battery technology and is widely used in the field of new energy vehicles. 590 refers to a battery module (Module) with a length of 590mm. It is an important component of the battery pack (PACK) and is assembled from multiple single cells through a specific connection method. Compared with modules of other sizes (VDA355, VDA390), the 590 module can accommodate more cells, thereby increasing the energy density of the battery pack.

The rapid growth of the electric vehicle market will continue to drive the demand for battery modules. Global support policies for new energy vehicles and consumers' preference for green travel will further promote market expansion.

Due to the development of the global electric vehicle and renewable energy markets, the expansion of the international market has provided new growth opportunities for automotive battery module companies. Especially in developed countries where the electric vehicle market is gradually saturated, the demand for battery modules in emerging market countries is also growing rapidly.

Accelerate the popularization of electric vehicles: Compared with 390, 355 or other models, the 590 module is large in size, which can reduce costs and has the highest group efficiency. Once the product is widely popularized, it will accelerate the popularization of electric vehicles.

According to our survey, the global sales volume of automotive 590 battery modules will be 163,989.91 MWh in 2023, and it is expected to reach 157,828.72 MWh in 2030, with a CAGR of -3.7% in the next six years (2024-2030).

Note: Regarding the global automotive 590 battery module revenue, it is based on the sum of the 590 battery module revenue of all manufacturers in the industry.

China's automotive 590 battery module market accounts for about 64.57% of the global market share, making it one of the world's most important consumer markets, and its growth rate is higher than the world. The market size in 2023 is about 11,539.82 million US dollars, and the compound annual growth rate from 2019 to 2023 is about 289.4%. With the acceleration of the development of new technologies such as CTP by domestic enterprises, and with the dual drive of new technologies and industrial policies, China's automotive 590 battery module market will gradually decline in the future. It is expected that by 2030, China's automotive 590 battery module market will drop to 6,094.38 million US dollars, and the compound annual growth rate from 2024 to 2030 will be about -8.7%.

This report is a detailed and comprehensive analysis for global Automotive 590 Battery Module market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Automotive 590 Battery Module market size and forecasts, in consumption value ($ Million), sales quantity (GWh), and average selling prices (US$/KWh), 2020-2031

Global Automotive 590 Battery Module market size and forecasts by region and country, in consumption value ($ Million), sales quantity (GWh), and average selling prices (US$/KWh), 2020-2031

Global Automotive 590 Battery Module market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (GWh), and average selling prices (US$/KWh), 2020-2031

Global Automotive 590 Battery Module market shares of main players, shipments in revenue ($ Million), sales quantity (GWh), and ASP (US$/KWh), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Automotive 590 Battery Module

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Automotive 590 Battery Module market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include CATL, LGES, SK On, CALB, Gotion, Farasis Energy, Lishen, JEVE, SVOLT, Wanxiang A123, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Automotive 590 Battery Module market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
NCx
LFP
Others

Market segment by Application
Passenger Vehicle
Commercial Vehicle

Major players covered
CATL
LGES
SK On
CALB
Gotion
Farasis Energy
Lishen
JEVE
SVOLT
Wanxiang A123
Battero Tech
CORNEX
ProLogium Technology

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automotive 590 Battery Module product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive 590 Battery Module, with price, sales quantity, revenue, and global market share of Automotive 590 Battery Module from 2020 to 2025.

Chapter 3, the Automotive 590 Battery Module competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automotive 590 Battery Module breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Automotive 590 Battery Module market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive 590 Battery Module.

Chapter 14 and 15, to describe Automotive 590 Battery Module sales channel, distributors, customers, research findings and conclusion.