ASEAN EV Battery Pack Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The ASEAN EV Battery Pack Market is segmented by Body Type (Bus, LCV, M&HDT, Passenger Car), by Propulsion Type (BEV, PHEV), by Battery Chemistry (LFP, NCA, NCM, NMC), by Capacity (15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh), by Battery Form (Cylindrical, Pouch, Prismatic), by Method (Laser, Wire), by Component (Anode, Cathode, Electrolyte, Separator), by Material Type (Cobalt, Lithium, Manganese, Natural Graphite, Nickel) and by Country (Thailand). Market Size is represented by the total volume of EV battery packs sold, measured in kilowatt-hours (kWh), along with the Market Value in USD. Key data points observed include the total energy capacity of battery packs sold, expressed in kilowatt-hours (kWh), segmented by battery chemistry, the capacity range of each battery pack, and the specific application or vehicle type associated with each battery chemistry segment.

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ASEAN EV Battery Pack Market Size

ASEAN EV Battery Pack Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 0.33 Billion
svg icon Market Size (2029) USD 1.47 Billion
svg icon Largest Share by Vehicle Type Commercial Vehicle
svg icon CAGR (2024 - 2029) 34.68 %
svg icon Largest Share by Country Thailand

Major Players

ASEAN EV Battery Pack Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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ASEAN EV Battery Pack Market Analysis

The ASEAN EV Battery Pack Market size is estimated at 0.33 billion USD in 2024, and is expected to reach 1.47 billion USD by 2029, growing at a CAGR of 34.68% during the forecast period (2024-2029).

0.33 Billion

Market Size in 2024 (USD)

1.47 Billion

Market Size in 2029 (USD)

174.69 %

CAGR (2021-2023)

34.68 %

CAGR (2024-2029)

Largest Segment by Body Type

98.36 %

value share, Passenger Car, 2023

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Passenger car is the most popular ASEAN EV body type due to affordable costs, less EVs due to the market's early stage, government rebates, and government push for EVs.

Largest Segment by Propulsion Type

100 %

value share, BEV, 2023

Icon image

Due to their affordabble cost, simple maintenance, negligible carbon impact, and no fuel expenditures, BEVs dominate ASEAN EV sales.

Largest Segment by Battery Chemistry

60.79 %

value share, NMC, 2023

Icon image

Due to its great range, cost effectiveness, extended lifespan, and excellent safety rating, LFP batteries dominate the ASEAN EV industry.

Largest Segment by Battery Form

47.14 %

value share, Prismatic, 2023

Icon image

Due to its cheap manufacturing costs, excellent safety ratings, ease of manufacture, and high density, prismatic cells are commonly used in ASEAN electric vehicles.

Leading Market Player

45 %

market share, Contemporary Amperex Technology Co. Ltd. (CATL), 2022

Icon image

(CATL) is the leading battery provider in ASEAN due to its strong client base, massive manufacturing capacity, and well-established export network.

An overview of the ASEAN electric vehicle battery pack market

  • The ASEAN countries collectively contribute to the growth and development of the battery pack market in the Asia-Pacific region. With various government initiatives, abundant resources, and an increasing focus on electric mobility, these countries create a dynamic market for battery pack manufacturers, suppliers, and investors.
  • Thailand is making significant strides in the battery pack market, driven by the government's push for electric vehicle production and export. The country offers attractive investment incentives, skilled labor, and a well-established automotive industry. With its strategic location in the ASEAN region, Thailand serves as a manufacturing hub for battery packs, attracting domestic and international players. Thailand's commitment to becoming a regional leader in electric mobility presents ample opportunities for the growth of the battery pack market.
  • Indonesia is emerging as a significant player in the battery pack market, driven by its growing electric vehicle industry and ample reserves of nickel, a crucial component in lithium-ion batteries. With supportive government policies and a focus on becoming a major player in the global electric vehicle and battery market, Indonesia holds promising prospects for the battery pack market. Countries like Malaysia, Singapore, Vietnam, and the Philippines are also witnessing increasing interest in electric vehicles and renewable energy sources. These countries have implemented supportive policies, incentives, and infrastructure development to promote the adoption of electric vehicles, which drives the demand for battery packs. The ASEAN region's growing consumer market, combined with a shift toward clean energy solutions, presents a favorable landscape for the expansion of the battery pack industry.

ASEAN EV Battery Pack Market Trends

The ASEAN region has several EV manufacturers, but Wuling, Tesla, and BYD were the primary demand generators for battery packs in 2022

  • In several ASEAN countries, the demand for electric cars has risen sharply during the last few years. The interest in purchasing EVs varies by location and country. However, in the ASEAN region, SUVs are the most popular EVs. The rising popularity of SUVs as a practical and spacious alternative to sedans is driving the demand for electric SUVs throughout the ASEAN region.
  • The demand for compact sport utility vehicles (SUVs) among ASEAN customers has increased dramatically in recent years. Several key ASEAN countries have made the Tesla Model Y one of their top picks due to the vehicle's all-electric powertrain, 5-star NCAP safety certification, room for up to 7 people, long range, and other attributes. The BYD Song DM's plug-in hybrid engine has been well-accepted by consumers in numerous ASEAN nations as well, owing to the vehicle's low price and high fuel economy.
  • The Model 3 was one of Tesla's best-selling cars in ASEAN countries in 2022. This is because it has a fully electric engine and several features that make it appealing to buyers. There are also electric SUVs and sedans from different foreign brands in the ASEAN EV market. The Haval H6, Nissan Licks, is a popular car that sold well in 2022. Other cars in the ASEAN EV market that are in competition include the Toyota Innova and Hyundai Ionic.
ASEAN EV Battery Pack Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Growing adoption of electric vehicles in the ASEAN region is driven by government initiatives and infrastructure development
  • The dominance of NMC batteries, the growing popularity of LFP batteries, and adoption of NCA batteries
  • Foreign investments will boost domestic battery production in APAC
  • Growing electrification of vehicles in the ASEAN region is driven by technological advancements and increasing battery capacity and efficiency
  • The market is majorly based on imported vehicles and is dominated by Chinese brands
  • Electric vehicle sales in New Zealand have been on the rise because of falling battery prices
  • Downward price trend in ASEAN battery chemistries: factors driving the decline and future outlook for the electric vehicle industry
  • International automakers are entering the Thai EV market with new models, thus driving EV and battery pack demand.

ASEAN EV Battery Pack Industry Overview

The ASEAN EV Battery Pack Market is moderately consolidated, with the top five companies occupying 53.19%. The major players in this market are BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), Deutsche ACCUmotive GmbH & Co. KG, LG Energy Solution Ltd. and Samsung SDI Co. Ltd. (sorted alphabetically).

ASEAN EV Battery Pack Market Leaders

  1. BYD Company Ltd.

  2. Contemporary Amperex Technology Co. Ltd. (CATL)

  3. Deutsche ACCUmotive GmbH & Co. KG

  4. LG Energy Solution Ltd.

  5. Samsung SDI Co. Ltd.

ASEAN EV Battery Pack Market Concentration

Other important companies include Denso Corporation, Do-Fluoride (Jiaozuo) New Energy Technology, Guoxuan High-tech Co. Ltd., Ningde E-CON Power System Co. Ltd., Panasonic Holdings Corporation, SK Innovation Co. Ltd., SVOLT Energy Technology Co. Ltd. (SVOLT).

*Disclaimer: Major Players sorted in alphabetical order.

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ASEAN EV Battery Pack Market News

  • April 2023: CATL announced that it will launch its sodium-ion battery in Chery models first. In addition, the two parties will jointly build the new ENER-Q battery brand, covering all application scenarios of all power types and all material systems.
  • March 2023: Contemporary Amperex Technology Co., Ltd. (CATL) announced that it signed a strategic cooperation agreement on business cooperation and advanced technology development with Beijing Automotive Group Co., Ltd. (BAIC Group).
  • March 2023: Contemporary Amperex Technology Co., Ltd. (CATL) announced that it has established a joint venture (JV) named Jiefang Shidai New Energy Technology Co., Ltd. with FAW Jiefang Automotive Co., Ltd. (FAW Jiefang). The JV has a registered capital of CNY 90 million, with CATL and FAW Jiefang each holding a 50% share.

Free with this Report

Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.

ASEAN EV Battery Pack Market
ASEAN EV Battery Pack Market
ASEAN EV Battery Pack Market
ASEAN EV Battery Pack Market

ASEAN EV Battery Pack Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Electric Vehicle Sales
  • 4.2 Electric Vehicle Sales By OEMs
  • 4.3 Best-Selling EV Models
  • 4.4 OEMs With Preferable Battery Chemistry
  • 4.5 Battery Pack Price
  • 4.6 Battery Material Cost
  • 4.7 Price Chart Of Different Battery Chemistry
  • 4.8 Who Supply Whom
  • 4.9 EV Battery Capacity And Efficiency
  • 4.10 Number Of EV Models Launched
  • 4.11 Regulatory Framework
  • 4.12 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Body Type
    • 5.1.1 Bus
    • 5.1.2 LCV
    • 5.1.3 M&HDT
    • 5.1.4 Passenger Car
  • 5.2 Propulsion Type
    • 5.2.1 BEV
    • 5.2.2 PHEV
  • 5.3 Battery Chemistry
    • 5.3.1 LFP
    • 5.3.2 NCA
    • 5.3.3 NCM
    • 5.3.4 NMC
  • 5.4 Capacity
    • 5.4.1 15 kWh to 40 kWh
    • 5.4.2 40 kWh to 80 kWh
    • 5.4.3 Above 80 kWh
    • 5.4.4 Less than 15 kWh
  • 5.5 Battery Form
    • 5.5.1 Cylindrical
    • 5.5.2 Pouch
    • 5.5.3 Prismatic
  • 5.6 Method
    • 5.6.1 Laser
    • 5.6.2 Wire
  • 5.7 Component
    • 5.7.1 Anode
    • 5.7.2 Cathode
    • 5.7.3 Electrolyte
    • 5.7.4 Separator
  • 5.8 Material Type
    • 5.8.1 Cobalt
    • 5.8.2 Lithium
    • 5.8.3 Manganese
    • 5.8.4 Natural Graphite
    • 5.8.5 Nickel
    • 5.8.6 Other Materials
  • 5.9 Country
    • 5.9.1 Thailand

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 BYD Company Ltd.
    • 6.4.2 Contemporary Amperex Technology Co. Ltd. (CATL)
    • 6.4.3 Denso Corporation
    • 6.4.4 Deutsche ACCUmotive GmbH & Co. KG
    • 6.4.5 Do-Fluoride (Jiaozuo) New Energy Technology
    • 6.4.6 Guoxuan High-tech Co. Ltd.
    • 6.4.7 LG Energy Solution Ltd.
    • 6.4.8 Ningde E-CON Power System Co. Ltd.
    • 6.4.9 Panasonic Holdings Corporation
    • 6.4.10 Samsung SDI Co. Ltd.
    • 6.4.11 SK Innovation Co. Ltd.
    • 6.4.12 SVOLT Energy Technology Co. Ltd. (SVOLT)
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 2:  
  2. BEST-SELLING EV MODELS, UNITS, ASIA-PACIFIC, 2023
  1. Figure 3:  
  2. ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 4:  
  2. ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 5:  
  2. ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 6:  
  2. EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, ASIA-PACIFIC, 2023
  1. Figure 7:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 8:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 9:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BODY TYPE, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 10:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BODY TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 11:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 12:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 13:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BUS, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 14:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BUS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 15:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 16:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LCV, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 17:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LCV, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 18:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 19:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY M&HDT, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 20:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY M&HDT, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 21:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 22:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY PASSENGER CAR, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 23:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY PASSENGER CAR, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 24:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 25:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 26:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY PROPULSION TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 27:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 28:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 29:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BEV, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 30:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BEV, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 31:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 32:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY PHEV, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 33:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY PHEV, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 34:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 35:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 36:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 37:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 38:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 39:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LFP, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 40:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LFP, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 41:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 42:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NCA, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 43:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NCA, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 44:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 45:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NCM, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 46:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NCM, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 47:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 48:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NMC, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 49:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NMC, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 50:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 51:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY CAPACITY, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 52:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY CAPACITY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 53:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 54:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 55:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 56:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 57:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 58:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 59:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 60:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 61:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 62:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 63:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 64:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 65:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 66:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 67:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BATTERY FORM, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 68:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY BATTERY FORM, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 69:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 70:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 71:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY CYLINDRICAL, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 72:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY CYLINDRICAL, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 73:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 74:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY POUCH, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 75:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY POUCH, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 76:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 77:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY PRISMATIC, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 78:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY PRISMATIC, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 79:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 80:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY METHOD, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 81:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY METHOD, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 82:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 83:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, METHOD, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 84:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LASER, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 85:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LASER, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 86:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 87:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY WIRE, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 88:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY WIRE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 89:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 90:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY COMPONENT, UNITS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 91:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY COMPONENT, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 92:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 93:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 94:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY ANODE, UNITS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 95:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY ANODE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 96:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 97:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY CATHODE, UNITS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 98:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY CATHODE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 99:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 100:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 101:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY ELECTROLYTE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 102:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 103:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY SEPARATOR, UNITS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 104:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY SEPARATOR, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 105:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 106:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY MATERIAL TYPE, KG, ASIA-PACIFIC, 2017 - 2029
  1. Figure 107:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY MATERIAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 108:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 109:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 110:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY COBALT, KG, ASIA-PACIFIC, 2017 - 2029
  1. Figure 111:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY COBALT, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 112:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 113:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LITHIUM, KG, ASIA-PACIFIC, 2017 - 2029
  1. Figure 114:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY LITHIUM, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 115:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 116:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY MANGANESE, KG, ASIA-PACIFIC, 2017 - 2029
  1. Figure 117:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY MANGANESE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 118:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 119:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, ASIA-PACIFIC, 2017 - 2029
  1. Figure 120:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 121:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 122:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NICKEL, KG, ASIA-PACIFIC, 2017 - 2029
  1. Figure 123:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY NICKEL, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 124:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 125:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY OTHER MATERIALS, KG, ASIA-PACIFIC, 2017 - 2029
  1. Figure 126:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY OTHER MATERIALS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 127:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 128:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY COUNTRY, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 129:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 130:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 131:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, COUNTRY, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
  1. Figure 132:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY THAILAND, KWH, ASIA-PACIFIC, 2017 - 2029
  1. Figure 133:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BY THAILAND, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 134:  
  2. BREAKDOWN OF ASEAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
  1. Figure 135:  
  2. ASEAN EV BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
  1. Figure 136:  
  2. ASEAN EV BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
  1. Figure 137:  
  2. ASEAN EV BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023

ASEAN EV Battery Pack Industry Segmentation

Bus, LCV, M&HDT, Passenger Car are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type. Thailand are covered as segments by Country.

Body Type Bus
LCV
M&HDT
Passenger Car
Propulsion Type BEV
PHEV
Battery Chemistry LFP
NCA
NCM
NMC
Capacity 15 kWh to 40 kWh
40 kWh to 80 kWh
Above 80 kWh
Less than 15 kWh
Battery Form Cylindrical
Pouch
Prismatic
Method Laser
Wire
Component Anode
Cathode
Electrolyte
Separator
Material Type Cobalt
Lithium
Manganese
Natural Graphite
Nickel
Other Materials
Country Thailand
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Market Definition

  • Battery Chemistry - Various types of battery chemistry considred under this segment include LFP, NCA, NCM, NMC, Others.
  • Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
  • Body Type - Body types considered under this segment include, passenger cars, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
  • Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
  • Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
  • Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, nickel, other material.
  • Method - The types of method covered under this segment include laser and wire.
  • Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
  • ToC Type - ToC 1
  • Vehicle Type - Vehicle type considered under this segment include passenger vehicles, and commercial vehicles with various EV powertrains.
Keyword Definition
Electric vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids.
Battery-as-a-Service A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge
Battery Cell The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy.
Module A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance.
Battery Management System (BMS) An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it.
Energy Density A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L).
Power Density The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg).
Cycle Life The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity.
State of Charge (SOC) A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity.
State of Health (SOH) An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new.
Thermal Management System A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods.
Fast Charging A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment.
Regenerative Braking A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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ASEAN EV Battery Pack Market Research FAQs

The ASEAN EV Battery Pack Market size is expected to reach USD 331.09 million in 2024 and grow at a CAGR of 34.68% to reach USD 1.47 billion by 2029.

In 2024, the ASEAN EV Battery Pack Market size is expected to reach USD 331.09 million.

BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), Deutsche ACCUmotive GmbH & Co. KG, LG Energy Solution Ltd. and Samsung SDI Co. Ltd. are the major companies operating in the ASEAN EV Battery Pack Market.

In the ASEAN EV Battery Pack Market, the Commercial Vehicle segment accounts for the largest share by vehicle type.

In 2024, Thailand accounts for the largest share by country in the ASEAN EV Battery Pack Market.

In 2023, the ASEAN EV Battery Pack Market size was estimated at 331.09 million. The report covers the ASEAN EV Battery Pack Market historical market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. The report also forecasts the ASEAN EV Battery Pack Market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023.

ASEAN EV Battery Pack Industry Report

Statistics for the 2023 ASEAN EV Battery Pack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. ASEAN EV Battery Pack analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

ASEAN EV Battery Pack Market Report Snapshots

ASEAN EV Battery Pack Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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