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Global Electric Vehicle Battery Market 2017-2021

Global Electric Vehicle Battery Market 2017-2021

About Electric Vehicle Battery

An electric vehicle battery is different from other batteries used in automobiles for starting, ignition, and lighting. They use a different chemistry to have a high density and high potential for the propulsion of the vehicle. Electric vehicle batteries are mostly lithium-ion batteries as other batteries, such as lead-acid batteries, consume more space and have less efficiency. The capacity of the batteries would differ based on the type of vehicle. An electric vehicle can be categorized into HEV, PHEVs, and BEVs.

Technavio’s analysts forecast the global electric vehicle battery market to grow at a CAGR of 41.95% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric vehicle battery market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Electric Vehicle Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • SAMSUNG SDI
  • BYD Company
  • LG Chem
  • A123 Systems
  • Panasonic Automotive and Industrial systems
Other prominent vendors
  • Bosch
  • Hitachi Automotive Systems
  • Johnson Controls
  • E-one Moli Energy
  • Tianneng Power International
  • Tesla Motors
  • Contemporary Amperex Technology
  • Automotive Energy Supply Corporation
  • Mitsubishi/GS Yuasa
  • Wanxiang
Market driver
  • Decline in price of electric vehicle batteries
  • For a full, detailed list, view our report
Market challenge
  • Increasing global power crisis
  • For a full, detailed list, view our report
Market trend
  • Faster charging of electric vehicles
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Electric Vehicle Battery Market 2017-2021

Technavio recognizes the following companies as the key players in the global electric vehicle battery market: SAMSUNG SDI, BYD Company, LG Chem, A123 Systems, and Panasonic Automotive and Industrial systems.

Other Prominent Vendors in the market are: Bosch, Hitachi Automotive Systems, Johnson Controls, E-one Moli Energy, Tianneng Power International, Tesla Motors, Contemporary Amperex Technology, Automotive Energy Supply Corporation, Mitsubishi/GS Yuasa, and Wanxiang.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is faster charging of electric vehicles. EVs are rapidly changing with technological innovations. Manufacturers have introduced hybrids (HEVs) and plug-in hybrids (PHEVs). They are developing high energy density batteries, which can store more energy in the same space.”

According to the report, one driver in the market is decline in price of electric vehicle batteries. The major cost-consuming factor of EVs is the battery. If the cost of EV batteries could be brought down, then the total cost of the vehicle would see a significant decline. This would lead to a shift of the global EV market toward mainstream automotive business. It is estimated that an EV battery can be produced at $150/kWh or even lesser, which would be cost-competitive to gasoline-powered vehicles. Tesla Model S 90D can cover 270 miles on its 85kWh battery. The cost of EV batteries has dropped significantly since 2010.

Further, the report states that one challenge in the market is increasing global power crisis. As the global hybrid and EV markets are growing, it is creating a proportional demand for high power. Most of the developing and underdeveloped countries cannot afford to have high sales of EVs because of the scarcity of power. This is a challenge for the global EV batteries market. The EVs in Europe represent almost 25% of the vehicles on the road, which minimizes the consumption of approximately 13 million barrels per day of crude oil. However, it consumes electricity that equals 11% of the global power demand.

Companies Mentioned

SAMSUNG SDI, BYD Company, LG Chem, A123 Systems, and Panasonic Automotive and Industrial systems, Bosch, Hitachi Automotive Systems, Johnson Controls, E-one Moli Energy, Tianneng Power International, Tesla Motors, Contemporary Amperex Technology, Automotive Energy Supply Corporation, Mitsubishi/GS Yuasa, and Wanxiang.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Rated battery capacity of EVs
      • Table Average cost of EV battery from 2010-2016 ($/kWh)
  • Market landscape
    • Market overview
      • Table Market landscape of global EV battery market
    • Market size and forecast
      • Table Global EV battery market 2016-2021 (million units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by vehicle type
    • Overview: Global EV battery market by vehicle type
      • Table Global EV battery market by vehicle type 2016
      • Table EV battery market by vehicle type 2021
      • Table EV battery market by vehicle type 2016-2021 (million units)
    • Global EV battery market by HEVs
      • Table EV battery market by HEVs 2016-2021 (million units)
    • Global EV battery market by BEVs
      • Table EV battery market by BEVs 2016-2021 (million units)
    • Global EV battery market by PHEVs
      • Table EV battery market by PHEVs 2016-2021 (million units)
  • Geographical segmentation
    • Overview: Global EV battery market by geography
      • Table Global EV battery market by geography 2016
      • Table Global EV battery market by geography 2021
      • Table Global EV battery market by geography 2016-2021 (million units)
    • EV battery market in APAC
      • Table EV battery market in APAC 2016-2021 (million units)
    • EV battery market in Americas
      • Table EV battery market in the Americas 2016-2021 (million units)
    • EV battery market in EMEA
      • Table EV battery market in EMEA 2016-2021 (million units)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Change in price of EV batteries from 2010 to 2016 ($/kWh)
    • Market challenges
  • Market trends
    • Faster charging of electric vehicles
    • Ultra-capacitors in EV energy storage system
      • Table Energy storage comparison: Ultra-capacitors and Li-ion batteries
    • Wireless charging: A trend to address major drawback
  • Vendor landscape
    • Competitive benchmarking
      • Table Key vendors of EV battery market
    • Other prominent vendors
  • Key vendor analysis
    • BYD Company
    • SAMSUNG SDI
    • LG Chem.
      • Table EV models using LG Chem. batteries
    • A123 Systems
      • Table Electric vehicle companies using A123 Systems batteries
    • Panasonic Automotive and Industrial systems
  • Appendix
    • List of abbreviations
  • Explore Technavio

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