Global Electric Vehicle Battery Market Outlook to 2027 – Featuring LG Chem, Panasonic and BYD Company Among Others –

DUBLIN–(BUSINESS WIRE)–The “Global Electric Vehicle Battery Market Outlook, 2027” report has been added to’s offering.

According to this report the electric vehicle battery market is growing rapidly. This market directs to an important factor called ‘Green Energy’. Electric battery vehicle is one of the most efficient and promising technology for reducing the carbon emissions by global transportation.

Technical advancements happening in electric vehicle battery industry implies more demand towards electric vehicles. Government is also planning proactive initiatives in order to support the growth of the battery market. Global electric vehicle battery market is expected to grow with the CAGR of more than 25% by 2027. Asia Pacific is the major revenue generating region. Automation and innovation in the vehicle market is the major driving force for this industry. Europe is planning heavy investments for production and development in EV batteries. Indonesia is also preferring to make own electric vehicle batteries by 2030.

Electric vehicle is quieter than other conventional vehicles so that they reduce noise pollution. Another important aspect is zero carbon emissions from the vehicle. This important factor is providing reduction in environmental pollution. Using electricity as the fuel of the vehicle can save us from raised prices of petrol/diesel. Electric vehicles are safer and more stable with lower center of gravity. Bulk production of batteries results into lower price for overall electric vehicle. This can be appropriate factor for consumer. Technology for the batteries is also improving which makes it affordable for larger population. Industries are emphasizing on producing new variations and technologies related to electrical. At present there are three types for electric vehicle based on their propulsion system which are BEV (battery electric vehicle), PHEV (Plug-in hybrid electric vehicle) and HEV (hybrid electric vehicle). In those segments, BEV has the largest market share globally followed by PHEV and HEV. BEV has almost 60% of market share covered and rest 40% is covered by PHEV and HEV with fluctuating figures.

According to the report, global electric vehicle battery market is segmented into different categories based on the applications and data. On the basis of region, EV battery market has five major regions which are North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In which Asia Pacific region leads with high market share value. On the basis of vehicle type, EV battery market is segmented in to two different segments which are Passenger vehicle and commercial vehicle. In which Passenger vehicles leads the global electric vehicle battery market and commercial segment is improving with a slower pace. By country, China, USA, UK, Germany are some major players. China is ruling the electric vehicle battery market with almost 28% of total market share. By company, Contemporary Amperex Technology Co Limited, LG Chem Limited, LG energy solutions, Panasonic are some top manufacturers of electric batteries. These companies are responsible for more than 50% of market share in electric battery market.

Most of our modern world is powered by Lithium batteries or batteries having similar factors but due to COVID-19 pandemic, the global Automobile industry faced a slowdown because lockdown situations in several regions which in turn restricted the production of electric vehicles. But with more people adopting social distancing norms, idea of adopting clean energy options is also spreading. That will result into greater demands and progressive growth of global electric vehicle market. Lockdown situations gave enough time regions for industries to bring more improvement and innovations into battery technology.

Key Topics Covered:

1 Executive Summary

2 Report Methodology

3 Market Structure

3.1 Market Considerate

3.2 Market Definition

4 Economic/Demographic Snapshot

5 Global Electric Vehicle Battery Market Outlook

5.1 Market Size By Value

5.2 Market Share

5.2.1 By Region

5.2.2 By Propulsion Type

5.2.3 By Battery Type

5.2.4 By Vehicle Type

5.2.5 By Company

5.2.6 By Country

6 North America Electric Vehicle Battery Market Outlook

7 Europe Electric Vehicle Battery Market Outlook

8 Asia-Pacific Electric Vehicle Battery Market Outlook

9 Latin America Electric Vehicle Battery Market Outlook

10 Middle East & Africa Electric Vehicle Battery Market Outlook

11 Market Dynamics

12 Market Trends and Developments

13 Company Profiles

14 Strategic Recommendations

15 Disclaimer

Companies Mentioned

  • Contemporary Amperex Technology Co. Limited
  • LG Chem Limited
  • Panasonic Corporation
  • BYD Company Limited
  • Samsung SDI Co. Limited
  • SK Innovation Co Limited
  • East Penn Manufacturing Company
  • Clarios (US) Formerly Know Johnson controls inc
  • GS Yuasa International Limited
  • Mitsubishi Corporation
  • Envision (Automotive Energy Supply Corporation)
  • A123 Systems LLC (Subsidiary Of Wanxiang Group Corporation)
  • Beijing Pride Power Battery Technology Co Limited
  • Lithium Energy Japan
  • Targray Technology International Inc
  • Altair Nanotechnologies Inc.
  • Aptiv Plc
  • Enersys (Quallion LLC)
  • Tianneng Power International Co. Limited
  • Primearth EV Energy Co. Limited
  • E-One Moli Energy Corporation
  • StoreDot Limited
  • Lithium Werks B.V
  • QuantumScape Corporation
  • Northvolt AB
  • Farasis Energy Co. Limited
  • Svolt Energy Technology Co. Limited
  • Vehicle Energy Japan Co. Ltd. (Under Hitachi Automotive System. Limited)
  • Narada Power Source Co. Limited

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Laura Wood, Senior Press Manager
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