Asia-Pacific EV Battery Pack Market Size
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 63.54 Billion | |
Market Size (2029) | USD 87.13 Billion | |
Largest Share by Propulsion Type | BEV | |
CAGR (2024 - 2029) | 6.52 % | |
Largest Share by Country | China | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific EV Battery Pack Market Analysis
The Asia-Pacific EV Battery Pack Market size is estimated at 63.54 billion USD in 2024, and is expected to reach 87.13 billion USD by 2029, growing at a CAGR of 6.52% during the forecast period (2024-2029).
63.54 Billion
Market Size in 2024 (USD)
87.13 Billion
Market Size in 2029 (USD)
21.99 %
CAGR (2017-2023)
6.52 %
CAGR (2024-2029)
Largest Segment by Body Type
88.57 %
value share, Passenger Car, 2023
Passenger car are the most popular body type in APAC EV sales due to reasonable prices, government subsidies, benefits over petrol cars, and good charging infrastructure.
Largest Segment by Propulsion Type
96.43 %
value share, BEV, 2023
BEVs has the largest segment in APAC EV sales due to their affordable price tag, low maintenance, no carbon footprint, and no fuel costs.
Largest Segment by Battery Chemistry
58.97 %
value share, LFP, 2023
LFP batteries dominate due to efficient manufacturing, extended battery range, durability, and China's dominance in the APAC EV and battery industry.
Largest Segment by Battery Form
86.88 %
value share, Prismatic, 2023
Prismatic cells are widely utilised in APAC EVs owing to its low cost production, high safety rating, simple manufacture, and great density.
Leading Market Player
29.93 %
market share, Contemporary Amperex Technology Co. Ltd. (CATL), 2022
CATL dominates the APAC LFP battery market because to its technology, pricing, financial strength, and strong sales channel.
Asia-Pacific is a prominent EV market, driven by Chinese sales, rising environmental awareness, regulations, and government support. Demand for lithium-ion batteries for EVs is growing, especially BEVs, with new product launches boosting the industry
- Asia-Pacific is one of the prominent markets for EVs due to China being one of the major markets worldwide. The sales of electric vehicles in the region have surged as a result of rising environmental awareness, the application of EV regulations, the benefits of electric vehicles over those powered by fossil fuels, and government support in the form of rebates and subsidies. The demand for lithium-ion batteries for electric vehicles and plug-in hybrid electric vehicles parallelly increased in 2021 over 2017 across Asia-Pacific countries.
- The demand for battery electric vehicles is higher compared to PHEVs, and the majority of the market is acquired by China. The demand for PHEVs is also growing gradually. For example, in 2022, PHEV sales in China registered a growth of 32% over 2021, which impacted the overall growth of the region. As a result, the demand for lithium-ion batteries used in electric vehicles in the region grew in 2022 compared to 2021.
- The need for lithium-ion batteries in Asian countries is increasing, along with the demand for battery electric vehicles. The launch of new products is also attracting consumers to invest in EVs. For example, in January 2023, at Auto Expo India, Hyundai launched its battery-electric car Ionic 5. The car is equipped with a 72-kWH battery, offering a range of 488 km on a single charge. The booking of the car has already started. Therefore, new product launches are expected to boost the electric vehicle and battery industries in Asia-Pacific countries during the forecast period.
Domestic production and government support propel China to become a leading player in the automotive lithium battery industry
- Asia-Pacific presents a thriving market for battery packs, driven by factors such as government support, strong domestic demand, and a focus on EV adoption. As the demand for electric vehicles continues to rise, along with growing technological advancements in battery packs, Asia-Pacific is expected to play a pivotal role in shaping the future of the global electric vehicle market.
- China stands out as a dominant player in the battery pack market, with consistently high market values. The country's rapid growth can be attributed to several factors, including government support for electric vehicles, a large consumer market, and a robust domestic manufacturing ecosystem. The country has made substantial investments in electric vehicle production, leading to increased demand for battery packs.
- Japan and South Korea also contribute significantly to the Asia-Pacific battery pack market. Both countries have experienced steady growth in market value over the years. These countries have well-established automotive industries, technological expertise, and strong government support for EV adoption, thus driving the demand for battery packs. India's battery pack market is gaining momentum as the country focuses on EV adoption and renewable energy targets. With supportive government policies and increasing consumer awareness, the demand for battery packs is on the rise. Thailand's commitment to becoming a regional leader in electric mobility also presents ample opportunities for the growth of the battery pack market.
Asia-Pacific EV Battery Pack Market Trends
A VARIETY OF AUTOMAKERS ARE PRESENT IN THE MARKET, MAJORLY DRIVEN BY TOYOTA, TESLA, AND WULING
- The APAC electric vehicle market is bustling with numerous competitors, but its momentum is chiefly steered by five dominant corporations, collectively grasping over 50% of the 2022 market share. Leading the charge is BYD, securing a remarkable 20.93% of EV sales in the region. Its potent financial standing, coupled with its advanced R&D infrastructure, has positioned BYD as a powerhouse. The company's competitive pricing, coupled with its vast sales and after-sales network, effectively appeals to new consumers.
- Following BYD, the Toyota Group clinches the second spot, with about 12.88% of the market. Its well-established reputation across the APAC region, bolstered by its extensive sales and service framework, instills trust among consumers, further cementing its footprint. Tesla claims the third position, seizing 8.27% of the market. Renowned for its avant-garde, tech-driven offerings, Tesla enjoys a seamless supply chain across nations, notably China and Australia.
- Wuling comes in fourth, holding approximately 7.10% of the market. Operating under its parent company, Liuzhou Wuling Automobile Industry Co. Ltd, Wuling has carved a niche in countries like China and Indonesia, catering to a diverse clientele with its varied EV lineup. Rounding out the top five is Honda, with a 3.85% market share. Other notable contenders in the APAC EV market encompass brands like Nissan, Chery, Changan, and Neta, among others.
IN 2022, WULING, TESLA, AND BYD WERE THE BIGGEST BATTERY PACK DEMAND GENERATORS IN APAC
- The electric vehicle landscape, encompassing cars, buses, and trucks, has witnessed a notable upswing across various Asian countries in the past few years. While the appetite for electric vehicles fluctuates across regions and nations, it is evident that SUVs have carved a niche in major markets like China, India, and Japan. As a direct reflection of Asia's growing preference for SUVs over traditional sedans, due to their enhanced utility and spaciousness, electric SUVs have seen a parallel surge across the Asia-Pacific belt.
- Recent times have spotlighted a burgeoning affinity for compact SUVs among the Asian populace. Tesla's Model Y stands out with its all-electric drivetrain, sterling 5-star NCAP safety rating, seven-seat capacity, commendable range, and other features, making it a sought-after option in pivotal APAC markets, notably China. BYD's Song DM, with its competitive pricing and efficient fuel dynamics, has resonated well with customers across several Asian territories.
- The year 2022 saw Tesla's Model 3 clinching accolades as one of the top sellers in the Asian domain, a testament to its purely electric mechanism, paired with an array of attractive functionalities. The dynamic APAC EV arena also presents a myriad of electric SUV and sedan alternatives from established global manufacturers. The year 2022 anticipated robust sales for vehicles like Toyota's Yaris Cross and BYD's Dolphin. Other players, such as the Toyota Corolla and Wuling's Hongguang MINIEV, also form a robust lineup in the APAC EV ecosystem.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- GOVERNMENT INITIATIVES AND COMMERCIAL VEHICLE ELECTRIFICATION ARE RAPIDLY DRIVING THE DEMAND AND SALES OF EVS IN ASIA-PACIFIC
- THE DEMAND FOR EVS IN ASIA-PACIFIC IS FUELED BY FALLING BATTERY PRICES
- INCREASING GOVERNMENT SUPPORT FOR ELECTRIC VEHICLES IN ASIA-PACIFIC CAUSED PRICES TO DROP
- DEMAND FOR ELECTRIC VEHICLES DRIVES INTERNATIONAL AUTOMAKERS TO LAUNCH NEW PRODUCTS, EXPANDING THE ASIA-PACIFIC EV BATTERY PACK MARKET
- RISING POPULARITY OF LFP BATTERIES IN ASIAN COUNTRIES IS AIDING THE MARKET
- THE LFP BATTERIES SEGMENT HEADS THE ASIA-PACIFIC ELECTRIC VEHICLE BATTERY DEMAND
- RISING ELECTRIC VEHICLE DEMAND AND ADVANCEMENTS IN BATTERY TECHNOLOGY DRIVE GROWTH IN THE ASIA-PACIFIC REGION
Asia-Pacific EV Battery Pack Industry Overview
The Asia-Pacific EV Battery Pack Market is fairly consolidated, with the top five companies occupying 69.30%. The major players in this market are BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), Farasis Energy (Ganzhou) Co. Ltd., FinDreams Battery Co. Ltd. and SAIC Volkswagen Power Battery Co. Ltd. (sorted alphabetically).
Asia-Pacific EV Battery Pack Market Leaders
BYD Company Ltd.
Contemporary Amperex Technology Co. Ltd. (CATL)
Farasis Energy (Ganzhou) Co. Ltd.
FinDreams Battery Co. Ltd.
SAIC Volkswagen Power Battery Co. Ltd.
Other important companies include EVE Energy Co. Ltd., Exide Industries Ltd., Gotion High-Tech Co. Ltd., GS Yuasa International Ltd., LG Energy Solution Ltd., Ningbo Tuopu Group Co. Ltd., Panasonic Holdings Corporation, Resonac Holdings Corporation, Samsung SDI Co. Ltd., SK Innovation Co. Ltd., SVOLT Energy Technology Co. Ltd. (SVOLT), Tesla Inc..
*Disclaimer: Major Players sorted in alphabetical order.
Asia-Pacific EV Battery Pack Market News
- June 2023: CATL announced that it launched Qiji Energy, a battery swap solution for heavy-duty trucks. The solution consists of Qiji Swapping Electric Blocks, Qiji Battery Swap Station, and Qiji Cloud Platform. Based on the CATL’s 3rd-generation LFP battery chemistry, Qiji Swapping Electric Blocks adopt the innovative NP (Non Propagation) technology and CTP (cell-to-pack) technology, striking a balance between safety and usage costs. Qiji Battery Swap Station enables one-stop swapping for different truck models and brands.
- January 2023: Volkswagen's energy and charging division is keeping all options open for the long-term structure of the business, including the possibility of an IPO for its charging and energy business.
- January 2023: Shinhan Securities Co., Ltd. has signed an MOU with SK On Co., Ltd. (SK On) on an investment alliance for a secondary battery ecosystem.
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.
Asia-Pacific 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
- 4.11.1 China
- 4.11.2 India
- 4.11.3 Indonesia
- 4.11.4 Japan
- 4.11.5 Thailand
- 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
- 5.3.5 Others
-
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 China
- 5.9.2 India
- 5.9.3 Japan
- 5.9.4 South Korea
- 5.9.5 Thailand
- 5.9.6 Rest-of-Asia-Pacific
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 EVE Energy Co. Ltd.
- 6.4.4 Exide Industries Ltd.
- 6.4.5 Farasis Energy (Ganzhou) Co. Ltd.
- 6.4.6 FinDreams Battery Co. Ltd.
- 6.4.7 Gotion High-Tech Co. Ltd.
- 6.4.8 GS Yuasa International Ltd.
- 6.4.9 LG Energy Solution Ltd.
- 6.4.10 Ningbo Tuopu Group Co. Ltd.
- 6.4.11 Panasonic Holdings Corporation
- 6.4.12 Resonac Holdings Corporation
- 6.4.13 SAIC Volkswagen Power Battery Co. Ltd.
- 6.4.14 Samsung SDI Co. Ltd.
- 6.4.15 SK Innovation Co. Ltd.
- 6.4.16 SVOLT Energy Technology Co. Ltd. (SVOLT)
- 6.4.17 Tesla Inc.
- *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
List of Tables & Figures
- Figure 1:
- ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, ASIA-PACIFIC, 2017 - 2029
- Figure 2:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, ASIA-PACIFIC, 2023
- Figure 3:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, ASIA-PACIFIC, 2023
- Figure 4:
- BEST-SELLING EV MODELS, UNITS, ASIA-PACIFIC, 2023
- Figure 5:
- OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, ASIA-PACIFIC, 2023
- Figure 6:
- ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 8:
- ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, ASIA-PACIFIC, 2023
- Figure 10:
- UPCOMING EV MODELS, BY BODY TYPE, UNITS, ASIA-PACIFIC, 2023
- Figure 11:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BODY TYPE, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BODY TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 16:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 17:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BUS, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 18:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BUS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 20:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LCV, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 21:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LCV, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 23:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY M&HDT, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 24:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY M&HDT, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 26:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY PASSENGER CAR, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 27:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY PASSENGER CAR, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 29:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY PROPULSION TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 31:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 32:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 33:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BEV, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 34:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BEV, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 36:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY PHEV, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 37:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY PHEV, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 39:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 40:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 41:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 42:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 43:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY DELETE, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 44:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY DELETE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 46:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LFP, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 47:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LFP, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 49:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NCA, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 50:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NCA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 52:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NCM, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 53:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NCM, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 54:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 55:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NMC, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 56:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NMC, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 57:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 58:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY OTHERS, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 59:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY OTHERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 60:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 61:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY CAPACITY, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 62:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY CAPACITY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 63:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 64:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 65:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 66:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 68:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 69:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 71:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 72:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 73:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 74:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 75:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 76:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 77:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BATTERY FORM, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 78:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY BATTERY FORM, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 79:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 80:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 81:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY CYLINDRICAL, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 82:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY CYLINDRICAL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 83:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 84:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY POUCH, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 85:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY POUCH, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 86:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 87:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY PRISMATIC, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 88:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY PRISMATIC, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 89:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 90:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY METHOD, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 91:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY METHOD, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 92:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 93:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, METHOD, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 94:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LASER, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 95:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LASER, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 96:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 97:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY WIRE, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 98:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY WIRE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 99:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 100:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY COMPONENT, UNITS, ASIA-PACIFIC, 2017 - 2029
- Figure 101:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY COMPONENT, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 102:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 103:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 104:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY ANODE, UNITS, ASIA-PACIFIC, 2017 - 2029
- Figure 105:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY ANODE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 106:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 107:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY CATHODE, UNITS, ASIA-PACIFIC, 2017 - 2029
- Figure 108:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY CATHODE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 109:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 110:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, ASIA-PACIFIC, 2017 - 2029
- Figure 111:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY ELECTROLYTE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 112:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 113:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY SEPARATOR, UNITS, ASIA-PACIFIC, 2017 - 2029
- Figure 114:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY SEPARATOR, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 115:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 116:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY MATERIAL TYPE, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 117:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY MATERIAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 118:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 119:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 120:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY COBALT, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 121:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY COBALT, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 122:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 123:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LITHIUM, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 124:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY LITHIUM, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 125:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 126:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY MANGANESE, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 127:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY MANGANESE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 128:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 129:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 130:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 131:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 132:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NICKEL, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 133:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY NICKEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 134:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 135:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY OTHER MATERIALS, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 136:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY OTHER MATERIALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 137:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 138:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY COUNTRY, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 139:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 140:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 141:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, COUNTRY, VALUE SHARE (%), ASIA-PACIFIC, 2022 & 2029
- Figure 142:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY CHINA, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 143:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY CHINA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 144:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 145:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY INDIA, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 146:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY INDIA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 147:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 148:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY JAPAN, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 149:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY JAPAN, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 150:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 151:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY SOUTH KOREA, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 152:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY SOUTH KOREA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 153:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 154:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY THAILAND, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 155:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY THAILAND, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 156:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 157:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY REST-OF-ASIA-PACIFIC, KWH, ASIA-PACIFIC, 2017 - 2029
- Figure 158:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BY REST-OF-ASIA-PACIFIC, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 159:
- BREAKDOWN OF ASIA-PACIFIC EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), ASIA-PACIFIC, 2017-2029
- Figure 160:
- ASIA-PACIFIC EV BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 161:
- ASIA-PACIFIC EV BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 162:
- ASIA-PACIFIC EV BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023
Asia-Pacific 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, Others 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. China, India, Japan, South Korea, Thailand, Rest-of-Asia-Pacific are covered as segments by Country.
- Asia-Pacific is one of the prominent markets for EVs due to China being one of the major markets worldwide. The sales of electric vehicles in the region have surged as a result of rising environmental awareness, the application of EV regulations, the benefits of electric vehicles over those powered by fossil fuels, and government support in the form of rebates and subsidies. The demand for lithium-ion batteries for electric vehicles and plug-in hybrid electric vehicles parallelly increased in 2021 over 2017 across Asia-Pacific countries.
- The demand for battery electric vehicles is higher compared to PHEVs, and the majority of the market is acquired by China. The demand for PHEVs is also growing gradually. For example, in 2022, PHEV sales in China registered a growth of 32% over 2021, which impacted the overall growth of the region. As a result, the demand for lithium-ion batteries used in electric vehicles in the region grew in 2022 compared to 2021.
- The need for lithium-ion batteries in Asian countries is increasing, along with the demand for battery electric vehicles. The launch of new products is also attracting consumers to invest in EVs. For example, in January 2023, at Auto Expo India, Hyundai launched its battery-electric car Ionic 5. The car is equipped with a 72-kWH battery, offering a range of 488 km on a single charge. The booking of the car has already started. Therefore, new product launches are expected to boost the electric vehicle and battery industries in Asia-Pacific countries during the forecast period.
Body Type | Bus |
LCV | |
M&HDT | |
Passenger Car | |
Propulsion Type | BEV |
PHEV | |
Battery Chemistry | LFP |
NCA | |
NCM | |
NMC | |
Others | |
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 | China |
India | |
Japan | |
South Korea | |
Thailand | |
Rest-of-Asia-Pacific |
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. |
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