Japan EV Battery Pack Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 6.5 Billion |
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Market Size (2029) | USD 7.67 Billion |
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Largest Share by Propulsion Type | BEV |
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CAGR (2024 - 2029) | 3.37 % |
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Fastest Growing by Propulsion Type | BEV |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Japan EV Battery Pack Market Analysis
The Japan EV Battery Pack Market size is estimated at 6.5 billion USD in 2024, and is expected to reach 7.67 billion USD by 2029, growing at a CAGR of 3.37% during the forecast period (2024-2029).
6.5 Billion
Market Size in 2024 (USD)
7.67 Billion
Market Size in 2029 (USD)
11.64 %
CAGR (2017-2023)
3.37 %
CAGR (2024-2029)
Largest Segment by Body Type
97.09 %
value share, Passenger Car, 2023
Due to the launching of inexpensive EVs, tax subsidies, the benefits of EVs over gasoline cars, and strict regulations, electric cars are the biggest body type in Japan.
Largest Segment by Propulsion Type
88.12 %
value share, BEV, 2023
BEVs outsell PHEVs owing to their easy affordability, little maintenance, zero carbon emissions, high subsidies and no fuel expenditures.
Largest Segment by Battery Chemistry
99.40 %
value share, LFP, 2023
LFP batteries are the most frequent due of their low cost, long range, durability, and high import rate from China (80% of Chinese batteries are LFP).
Largest Segment by Battery Form
99.59 %
value share, Prismatic, 2023
Prismatic cells are the most frequent battery type in Japanese EVs due to its cheap cost, higher safety, and high density per volume.
Leading Market Player
19.28 %
market share, GS Yuasa International Ltd., 2022
Due to its wide battery supply to EV producers including Nissan, BMW, and others, GS Yuasa dominates the Japan Electric Vehicle Battery Pack Market.
Government support and technological advancements drive the adoption of BEVs
- Electrification of vehicles has been gaining popularity in Japan over the past few years. Factors such as growing environmental concern, enforcing norms related to electric vehicles, advantages of electric vehicles over fossil fuel vehicles, and government help in terms of rebates and subsidies (such as since 2021, a subsidy of USD 7,200 has been offered on battery electric vehicles) have increased the demand of electric vehicles such BEVs and PHEVs in the country. This led to a significant growth in the demand for lithium-ion batteries for electric vehicles and plug-in hybrid electric vehicles in Japan.
- The demand for plug-in hybrid electric vehicles is higher than the battery electric vehicles. However, the majority of the market, i.e., around more than 90% of the sales of overall electric vehicles, is dominated by hybrid vehicles. Plug-in hybrid vehicles have the option of switching to fuel or battery. However, development in the charging infrastructure is encouraging people to invest in battery electric vehicles gradually.
- The requirement for lithium-ion batteries is increasing with the increased demand for battery electric vehicles. Batteries used in pure electric cars acquired a share of xx% in the overall sales of EVs in 2022. However, various companies are launching new products in the plug-in hybrid category. In March 2023, Toyota unveiled its new plug-in hybrid electric car, Prius, which provides a battery range of around 105 km, and bookings of the vehicle started. The introduction of new products is anticipated to strengthen Japan's electric car and battery industries during the forecast period.
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Japan EV Battery Pack Market Trends
TOYOTA GROUP DOMINATES THE MARKET, FOLLOWED BY NISSAN, HONDA, MITSUBISHI, AND BMW, DRIVING THE SHIFT TOWARD SUSTAINABLE MOBILITY
- The Japanese electric vehicle market is growing gradually. The market is highly consolidated and is largely driven by five major companies, which held more than 90% of the market in 2022. These companies include Toyota Group, Nissan, Honda, Mitsubishi, and BMW. Toyota Group is the largest seller of electric vehicles in Japan, accounting for around 57% of the share in EV sales. Being a domestic manufacturer, the company has the trust of consumers. The company is offering a wide product portfolio and a huge sales and service network across the country.
- Nissan holds a market share of around 21%, making it the second-largest seller of electric vehicles across Japan. The company has a strong brand image and is extensively involved with work on innovation and technology. The company offers a wide product portfolio and has a strong financial condition. The third highest market share, 17%, for electric vehicle sales was recorded by Honda. The company has strong R&D capabilities and focuses on the areas of development.
- Mitsubishi has secured fourth place in EV sales across Japan with 2.8% of the market share. The company is customer-centric and primarily focuses on customer requirements, and being a domestic brand, the company has reliable and loyal customers. The 5th largest player operating in the Japanese EV market is BMW, maintaining its market share at around 0.33%. Other players selling EVs in Japan include Mercedes-Benz, Renault, Peugeot, and Volvo.
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In 2022, Nissan and Toyota sold the most EVs in Japan, driving battery pack demand
- The Japanese electric vehicle market has been growing gradually over the past few years. The country has witnessed a growing demand for electric cars. Consumers in Japan are looking for economical and small cars that can be parked easily. Various brands in Japan are offering good options for electric sub-compact hatchbacks. As a result, the demand for electric hatchbacks and compact SUVs is growing in the country as SUVs offer comfortable rides in various road conditions compared to other models.
- Since more people choose tiny cars to avoid traffic and for easier parking, the hatchback has seen strong sales across the country. Toyota Aqua Prius C saw significant sales growth in 2022, as it is among the very affordable hybrid hatchbacks with good fuel efficiency, attracting consumers. People in Japan are showing interest in various segments, such as Toyota’s Yaris Cross, a compact SUV that witnessed good sales units in 2022. Owing to its highly reliable brand image, the company is a bestselling brand in Japan.
- Corolla Cross was also one of the bestsellers from Toyota in the Japanese EV market in 2022 due to its hybrid powertrain, attracting consumers due to its high fuel efficiency and large seating capacity. The Japanese EV market also features a variety of electric SUVs and sedans from various brands. One of the common cars is the Honda Vezel, which saw good sales in 2022. Other cars in the Japanese EV market that are in the competition include Toyota Sienta and Toyota Raize Hybrid.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- JAPAN'S ELECTRIC VEHICLE MARKET GROWING GRADUALLY DUE TO GOVERNMENT AND INDUSTRY PARTNERSHIPS
- DECLINING BATTERY PRICES AND TECHNOLOGICAL ADVANCEMENTS DRIVE ELECTRIC VEHICLE DEMAND IN JAPAN
- BATTERY PACK PRICES IN JAPAN'S ELECTRIC VEHICLE MARKET CONTINUE TO FALL AS A RESULT OF TECHNOLOGICAL PROGRESS, INCREASED PRODUCTION EFFICIENCY, ECONOMIES OF SCALE, AND MORE COMPETITION
- AUTOMAKERS ARE LAUNCHING ELECTRIC SUVS TO DRIVE ELECTRIFICATION AND BATTERY PACK DEMAND IN JAPAN
- VEHICLE ELECTRIFICATION IS DRIVING DEMAND FOR LFP BATTERIES IN JAPAN. NISSAN AND MITSUBISHI DOMINATE, AS OTHER BRANDS CONTRIBUTE TO THE REMAINING MARKET SHARE. ENVIRONMENTAL FOCUS WILL ENCOURAGE FURTHER GROWTH
- THE RAPID GROWTH OF ELECTRIC VEHICLES IN JAPAN FUELS THE DEMAND FOR BATTERY MATERIALS, WITH LFP BATTERIES DOMINATING THE MARKET
- THE RAPID GROWTH OF ELECTRIC VEHICLES IN JAPAN IS FUELED BY TECHNOLOGICAL ADVANCEMENTS AND INVESTMENTS IN THE BATTERY INDUSTRY
Japan EV Battery Pack Industry Overview
The Japan EV Battery Pack Market is fragmented, with the top five companies occupying 38.69%. The major players in this market are Contemporary Amperex Technology Co. Ltd. (CATL), GS Yuasa International Ltd., Lithium Energy Japan Inc., Prime Planet Energy & Solutions Inc. and Primearth EV Energy Co. Ltd. (sorted alphabetically).
Japan EV Battery Pack Market Leaders
Contemporary Amperex Technology Co. Ltd. (CATL)
GS Yuasa International Ltd.
Lithium Energy Japan Inc.
Prime Planet Energy & Solutions Inc.
Primearth EV Energy Co. Ltd.
Other important companies include Blue Energy Co. Ltd., BYD Company Ltd., Envision AESC Japan Co. Ltd., Maxell Ltd., Panasonic Holdings Corporation, TOSHIBA Corp., Vehicle Energy Japan Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Japan EV Battery Pack Market News
- May 2023: Honda Motor Co., Ltd. (Honda) and GS Yuasa International Ltd. (GS Yuasa) have signed a joint venture agreement to form the HondaGS Yuasa EV Battery R&D Co., Ltd.
- 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).
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.
Japan 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
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4.11 Regulatory Framework
- 4.11.1 Japan
- 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)
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5.1 Body Type
- 5.1.1 Bus
- 5.1.2 LCV
- 5.1.3 M&HDT
- 5.1.4 Passenger Car
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5.2 Propulsion Type
- 5.2.1 BEV
- 5.2.2 PHEV
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5.3 Battery Chemistry
- 5.3.1 LFP
- 5.3.2 NCM
- 5.3.3 NMC
- 5.3.4 Others
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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
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5.5 Battery Form
- 5.5.1 Cylindrical
- 5.5.2 Pouch
- 5.5.3 Prismatic
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5.6 Method
- 5.6.1 Laser
- 5.6.2 Wire
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5.7 Component
- 5.7.1 Anode
- 5.7.2 Cathode
- 5.7.3 Electrolyte
- 5.7.4 Separator
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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
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Blue Energy Co. Ltd.
- 6.4.2 BYD Company Ltd.
- 6.4.3 Contemporary Amperex Technology Co. Ltd. (CATL)
- 6.4.4 Envision AESC Japan Co. Ltd.
- 6.4.5 GS Yuasa International Ltd.
- 6.4.6 Lithium Energy Japan Inc.
- 6.4.7 Maxell Ltd.
- 6.4.8 Panasonic Holdings Corporation
- 6.4.9 Prime Planet Energy & Solutions Inc.
- 6.4.10 Primearth EV Energy Co. Ltd.
- 6.4.11 TOSHIBA Corp.
- 6.4.12 Vehicle Energy Japan Inc.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS
8. APPENDIX
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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, JAPAN, 2017 - 2029
- Figure 2:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, JAPAN, 2023
- Figure 3:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, JAPAN, 2023
- Figure 4:
- BEST-SELLING EV MODELS, UNITS, JAPAN, 2023
- Figure 5:
- OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, JAPAN, 2023
- Figure 6:
- ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, JAPAN, 2017 - 2029
- Figure 7:
- ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, JAPAN, 2017 - 2029
- Figure 8:
- ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, JAPAN, 2017 - 2029
- Figure 9:
- EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, JAPAN, 2023
- Figure 10:
- UPCOMING EV MODELS, BY BODY TYPE, UNITS, JAPAN, 2023
- Figure 11:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, KWH, JAPAN, 2017 - 2029
- Figure 12:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, USD, JAPAN, 2017 - 2029
- Figure 13:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BODY TYPE, KWH, JAPAN, 2017 - 2029
- Figure 14:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BODY TYPE, USD, JAPAN, 2017 - 2029
- Figure 15:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), JAPAN, 2022 & 2029
- Figure 16:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2022 & 2029
- Figure 17:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BUS, KWH, JAPAN, 2017 - 2029
- Figure 18:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BUS, USD, JAPAN, 2017 - 2029
- Figure 19:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 20:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LCV, KWH, JAPAN, 2017 - 2029
- Figure 21:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LCV, USD, JAPAN, 2017 - 2029
- Figure 22:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 23:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY M&HDT, KWH, JAPAN, 2017 - 2029
- Figure 24:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY M&HDT, USD, JAPAN, 2017 - 2029
- Figure 25:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 26:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY PASSENGER CAR, KWH, JAPAN, 2017 - 2029
- Figure 27:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY PASSENGER CAR, USD, JAPAN, 2017 - 2029
- Figure 28:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 29:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, JAPAN, 2017 - 2029
- Figure 30:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY PROPULSION TYPE, USD, JAPAN, 2017 - 2029
- Figure 31:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), JAPAN, 2022 & 2029
- Figure 32:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), JAPAN, 2022 & 2029
- Figure 33:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BEV, KWH, JAPAN, 2017 - 2029
- Figure 34:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BEV, USD, JAPAN, 2017 - 2029
- Figure 35:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 36:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY PHEV, KWH, JAPAN, 2017 - 2029
- Figure 37:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY PHEV, USD, JAPAN, 2017 - 2029
- Figure 38:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 39:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, JAPAN, 2017 - 2029
- Figure 40:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, JAPAN, 2017 - 2029
- Figure 41:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), JAPAN, 2022 & 2029
- Figure 42:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), JAPAN, 2022 & 2029
- Figure 43:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LFP, KWH, JAPAN, 2017 - 2029
- Figure 44:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LFP, USD, JAPAN, 2017 - 2029
- Figure 45:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 46:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY NCM, KWH, JAPAN, 2017 - 2029
- Figure 47:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY NCM, USD, JAPAN, 2017 - 2029
- Figure 48:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 49:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY NMC, KWH, JAPAN, 2017 - 2029
- Figure 50:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY NMC, USD, JAPAN, 2017 - 2029
- Figure 51:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 52:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY OTHERS, KWH, JAPAN, 2017 - 2029
- Figure 53:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY OTHERS, USD, JAPAN, 2017 - 2029
- Figure 54:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 55:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY CAPACITY, KWH, JAPAN, 2017 - 2029
- Figure 56:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY CAPACITY, USD, JAPAN, 2017 - 2029
- Figure 57:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), JAPAN, 2022 & 2029
- Figure 58:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), JAPAN, 2022 & 2029
- Figure 59:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, JAPAN, 2017 - 2029
- Figure 60:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, JAPAN, 2017 - 2029
- Figure 61:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 62:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, JAPAN, 2017 - 2029
- Figure 63:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, JAPAN, 2017 - 2029
- Figure 64:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 65:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, JAPAN, 2017 - 2029
- Figure 66:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, JAPAN, 2017 - 2029
- Figure 67:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 68:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, JAPAN, 2017 - 2029
- Figure 69:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, JAPAN, 2017 - 2029
- Figure 70:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 71:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BATTERY FORM, KWH, JAPAN, 2017 - 2029
- Figure 72:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY BATTERY FORM, USD, JAPAN, 2017 - 2029
- Figure 73:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), JAPAN, 2022 & 2029
- Figure 74:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), JAPAN, 2022 & 2029
- Figure 75:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY CYLINDRICAL, KWH, JAPAN, 2017 - 2029
- Figure 76:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY CYLINDRICAL, USD, JAPAN, 2017 - 2029
- Figure 77:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 78:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY POUCH, KWH, JAPAN, 2017 - 2029
- Figure 79:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY POUCH, USD, JAPAN, 2017 - 2029
- Figure 80:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 81:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY PRISMATIC, KWH, JAPAN, 2017 - 2029
- Figure 82:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY PRISMATIC, USD, JAPAN, 2017 - 2029
- Figure 83:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 84:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY METHOD, KWH, JAPAN, 2017 - 2029
- Figure 85:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY METHOD, USD, JAPAN, 2017 - 2029
- Figure 86:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), JAPAN, 2022 & 2029
- Figure 87:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, METHOD, VALUE SHARE (%), JAPAN, 2022 & 2029
- Figure 88:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LASER, KWH, JAPAN, 2017 - 2029
- Figure 89:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LASER, USD, JAPAN, 2017 - 2029
- Figure 90:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 91:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY WIRE, KWH, JAPAN, 2017 - 2029
- Figure 92:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY WIRE, USD, JAPAN, 2017 - 2029
- Figure 93:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 94:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY COMPONENT, UNITS, JAPAN, 2017 - 2029
- Figure 95:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY COMPONENT, USD, JAPAN, 2017 - 2029
- Figure 96:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), JAPAN, 2022 & 2029
- Figure 97:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), JAPAN, 2022 & 2029
- Figure 98:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY ANODE, UNITS, JAPAN, 2017 - 2029
- Figure 99:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY ANODE, USD, JAPAN, 2017 - 2029
- Figure 100:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 101:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY CATHODE, UNITS, JAPAN, 2017 - 2029
- Figure 102:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY CATHODE, USD, JAPAN, 2017 - 2029
- Figure 103:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 104:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, JAPAN, 2017 - 2029
- Figure 105:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY ELECTROLYTE, USD, JAPAN, 2017 - 2029
- Figure 106:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 107:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY SEPARATOR, UNITS, JAPAN, 2017 - 2029
- Figure 108:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY SEPARATOR, USD, JAPAN, 2017 - 2029
- Figure 109:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 110:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY MATERIAL TYPE, KG, JAPAN, 2017 - 2029
- Figure 111:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY MATERIAL TYPE, USD, JAPAN, 2017 - 2029
- Figure 112:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), JAPAN, 2022 & 2029
- Figure 113:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), JAPAN, 2022 & 2029
- Figure 114:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY COBALT, KG, JAPAN, 2017 - 2029
- Figure 115:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY COBALT, USD, JAPAN, 2017 - 2029
- Figure 116:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 117:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LITHIUM, KG, JAPAN, 2017 - 2029
- Figure 118:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY LITHIUM, USD, JAPAN, 2017 - 2029
- Figure 119:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 120:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY MANGANESE, KG, JAPAN, 2017 - 2029
- Figure 121:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY MANGANESE, USD, JAPAN, 2017 - 2029
- Figure 122:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 123:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, JAPAN, 2017 - 2029
- Figure 124:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, JAPAN, 2017 - 2029
- Figure 125:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 126:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY NICKEL, KG, JAPAN, 2017 - 2029
- Figure 127:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY NICKEL, USD, JAPAN, 2017 - 2029
- Figure 128:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 129:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY OTHER MATERIALS, KG, JAPAN, 2017 - 2029
- Figure 130:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BY OTHER MATERIALS, USD, JAPAN, 2017 - 2029
- Figure 131:
- BREAKDOWN OF JAPAN EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), JAPAN, 2017-2029
- Figure 132:
- JAPAN EV BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 133:
- JAPAN EV BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 134:
- JAPAN EV BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023
Japan 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, 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.
- Electrification of vehicles has been gaining popularity in Japan over the past few years. Factors such as growing environmental concern, enforcing norms related to electric vehicles, advantages of electric vehicles over fossil fuel vehicles, and government help in terms of rebates and subsidies (such as since 2021, a subsidy of USD 7,200 has been offered on battery electric vehicles) have increased the demand of electric vehicles such BEVs and PHEVs in the country. This led to a significant growth in the demand for lithium-ion batteries for electric vehicles and plug-in hybrid electric vehicles in Japan.
- The demand for plug-in hybrid electric vehicles is higher than the battery electric vehicles. However, the majority of the market, i.e., around more than 90% of the sales of overall electric vehicles, is dominated by hybrid vehicles. Plug-in hybrid vehicles have the option of switching to fuel or battery. However, development in the charging infrastructure is encouraging people to invest in battery electric vehicles gradually.
- The requirement for lithium-ion batteries is increasing with the increased demand for battery electric vehicles. Batteries used in pure electric cars acquired a share of xx% in the overall sales of EVs in 2022. However, various companies are launching new products in the plug-in hybrid category. In March 2023, Toyota unveiled its new plug-in hybrid electric car, Prius, which provides a battery range of around 105 km, and bookings of the vehicle started. The introduction of new products is anticipated to strengthen Japan's electric car and battery industries during the forecast period.
| Body Type | Bus |
| LCV | |
| M&HDT | |
| Passenger Car | |
| Propulsion Type | BEV |
| PHEV | |
| Battery Chemistry | LFP |
| 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 |
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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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