Technology Opportunities in the Electric Vehicle Battery Market
The technologies in electric vehicle battery market have undergone significant changes in recent years, with battery technology evolving from low energy density to high energy density. The rising wave of new technologies, such as lithium-nickel-cobalt-aluminum (NCA) and lithium-nickel-manganese-cobalt (NMC) are creating growth potential in electric vehicle battery.
In the electric vehicle battery market, various technologies, such as lithium-ion, nickel metal hydride, and lead acid are used to make batteries for electric vehicle. Favorable government policies and subsidies, growing concern about environmental pollution, more electric vehicle models and continued sales growth are increasing demand for electric vehicle and thus for electric vehicle battery.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the electric vehicle battery market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.
Lucintel’s study finds that electric vehicle battery technology is forecast to grow at 38% CAGR from 2020 to 2025. Lithium-ion battery technology is the largest segment of the electric vehicle battery market, and is growing at above average growth.
Emerging technology trend, which has a direct impact on the dynamics of the industry, includes development of light weight as well as high energy density lithium-ion batteries.
The study includes trends and forecast for the global electric vehicle battery market by application, technology, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecast by Technology Type [$B shipment analysis from 2014 to 2025]:
- Lithium-ion Battery
- Lithium-iron Phosphate (LFP)
- Lithium-nickel-manganese-cobalt (NMC)
- Lithium-manganese-spinal (LMO)
- Lithium-nickel-cobalt-aluminum (NCA)
- Lithium-Titanate (LTO)
- Nickle Metal Hydride
- Lead Acid Battery
Technology Trends and Forecast by Propulsion [$B shipment analysis from 2014 to 2025]:
- Battery Electric Vehicle
- Hybrid Electric Vehicle & Plug-in Hybrid Electric Vehicle
Technology Trends and Forecast by Vehicle [$B shipment analysis from 2014 to 2025]:
- Passenger Cars
- Commercial Vehicles
Technology Trends and Forecast by Region [$B shipment analysis from 2014 to 2025]:
- North America
- United States
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
Latest Developments and Innovations in the Global Electric Vehicle Battery Technologies
Strategic Opportunities by Technology Type
Some of the electric vehicle battery technology companies profiled in this report include Panasonic, Samsung SDI, Johnson Controls, Kokam, BYD, Toshiba Corporation, LG Chem, and Sanyo Electric are among the major players in the electric vehicle battery market.
This report answers following 6 key questions:
Q.1 What are some of the most promising potential, high-growth technology opportunities for the global automotive detection and ranging sensor market?
Q.2 Which technology segment/segments will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in automotive detection and ranging sensor market?
Q.4 What are the business risks and threats to these technologies in automotive detection and ranging sensor market?
Q.5 What are the new technology developments in automotive detection and ranging sensor market? Which companies are leading these developments?
Q.6 Who are the major players in this automotive detection and ranging sensor market? What strategic initiatives are being implemented by key players for business growth?