South America Electric Bus Battery Pack Market Size
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Study Period | 2017 - 2029 |
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Base Year For Estimation | 2023 |
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Market Size (2023) | USD 9.76 Million |
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Market Size (2029) | USD 28.62 Million |
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Largest Share by Propulsion Type | PHEV |
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CAGR (2023 - 2029) | 19.63 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Electric Bus Battery Pack Market Analysis
The South America Electric Bus Battery Pack Market size is estimated at 9.76 million USD in 2023, and is expected to reach 28.62 million USD by 2029, growing at a CAGR of 19.63% during the forecast period (2023-2029).
9.76 Million
Market Size in 2023 (USD)
28.62 Million
Market Size in 2029 (USD)
0.00 %
CAGR (2022-2022)
19.63 %
CAGR (2023-2029)
Largest Segment by Propulsion Type
99.16 %
value share, PHEV, 2022
Due to carbon free emissions, low maintenance, and government requirements, inexpensive technology over PHEV, BEV e-buses dominate South America.
Largest Segment by Battery Chemistry
56.32 %
value share, NCM, 2022
Fats charging capability, high energy density, require less space over other batteries are factors making the NMC batteries the top seller for e buses in South America.
Largest Segment by Battery Form
54.44 %
value share, Pouch, 2022
Due to its low cost, simple built with fewer electrical connections, great energy density, and safety, prismatic batteries dominate the South American e-bus industry.
Largest Segment by Capacity
72.11 %
value share, Above 80 kWh, 2022
Intercity travel, affordable long-distance transit, and simple accessibility are driving demand for big buses with batteries beyond 250 kWH in South America.
- In many of the countries falling under the South America region, buses are one of the main modes of public transit. Old traditional buses emit a lot of carbon dioxide due to ICE engines, therefore during the recent years, demand for electric buses has gradually grown in various South American countries such as Brazil, Chile, colombia etc. The demand for electric buses increased by xx% in 2021 over 2017 due to growing government's imposition of strict EV regulations, promotion of EVs through subsidies and rebates, rise in green transportation to cut down the carbon emission. As a result, the demand for battery packs for battery electric buses and plug in hybrid electric buses also increased by xx% in 2021 over 2017 throughout the region.
- Electric buses are gradually increasing in countries under the region. As of 2022 in South America, Chile has one of the highest demands of various type of electric buses and battery packs to power them. Chile has more than 800 buses being the major contributor to the battery market, some of the other countries such as Brazil, Colombia, Peru is also contributing to the growth of battery packs owing to the growing demand for electric buses in these countries gradaully. As a result, the region has witnessed a growth in the demand of electric buses by xx% in 2022 over 2021.
- Various companies are getting orders of electric buses from different countries falling under the region. In November 2022, the Chinese automaker BYD has announced to deliver 100 electric buses chassis in Sap Paulo, Brazil by the 1st half of 2023. These chassis will be further assembled to electric buses, which will also increase the demand of the battery packs for various types of buses such as battery electric and PHEB. Such developments are expected to enhance the demand for the battery packs during the forecast period in South America.
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South America Electric Bus Battery Pack Market Trends
Growing Demand and Government Incentives Drive Electric Vehicle Market in South America
- Various countries falling under the South America region such as Brazil and Argentina etc. have great potential for the automobile market, and the South American vehicle industry has experienced substantial growth over the past few years. In recent years, the demand for electric vehicles, primarily passenger cars, has increased in the region owing to the factors such as rising awareness of electric vehicles, growing environmental concern, governmental push towards the adoption of electric vehicles. These factors are gradually shifting consumers to electric vehicles and the sales of the EVs have grown to 17.95% in 2022 over 2021.
- South America has various potential electric vehicle markets and Brazil holds potential demand for electric buses as the country is focusing on the adoption of more renewable power generation, which may utilize the country’s large niobium and lithium reserves, a crucial factor for EV batteries’ development. Moreover, In December, 2022, Sao Paulo bans the purchasing of diesel buses and has announced to deploy 2600 electric buses by the end of 2024. Similar factors in other countries are expected to boost the electrification of vehicles in the South America during the forecast period.
- The electrification of vehicles in South America is anticipated to be fueled by the policies and incentive programs implemented by the governments of the various countries in the region. Tax benefits are the main motivation, as the Government of Colombia is using incentives and subsidies to reach an ambitious goal of 600,000 EVs on the road by 2030 to address the carbon emission issues. As a result, similar factors in other countries in South America is anticipated to increase the sales of the EVs during the forecast period.
Understand The Key Trends Shaping This Market
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Understand The Key Trends Shaping This Market
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Growing Adoption of Electric Vehicles and Advancements in Battery Technology Drive South America's EV Market
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.
South America Electric Bus 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 Bus Sales
- 4.2 Electric Bus 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 Propulsion Type
- 5.1.1 BEV
- 5.1.2 PHEV
-
5.2 Battery Chemistry
- 5.2.1 LFP
- 5.2.2 NCA
- 5.2.3 NCM
- 5.2.4 NMC
- 5.2.5 Others
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5.3 Capacity
- 5.3.1 15 kWh to 40 kWh
- 5.3.2 40 kWh to 80 kWh
- 5.3.3 Above 80 kWh
- 5.3.4 Less than 15 kWh
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5.4 Battery Form
- 5.4.1 Cylindrical
- 5.4.2 Pouch
- 5.4.3 Prismatic
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5.5 Method
- 5.5.1 Laser
- 5.5.2 Wire
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5.6 Component
- 5.6.1 Anode
- 5.6.2 Cathode
- 5.6.3 Electrolyte
- 5.6.4 Separator
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5.7 Material Type
- 5.7.1 Cobalt
- 5.7.2 Lithium
- 5.7.3 Manganese
- 5.7.4 Natural Graphite
- 5.7.5 Nickel
- 5.7.6 Other Materials
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
- 6.4 Company Profiles
- *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, SOUTH AMERICA, 2017 - 2029
- Figure 2:
- OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, SOUTH AMERICA, 2022
- Figure 3:
- ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 4:
- EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, SOUTH AMERICA, 2022
- Figure 5:
- UPCOMING EV MODELS, BY BODY TYPE, UNITS, SOUTH AMERICA, 2022
- Figure 6:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 7:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, USD, SOUTH AMERICA, 2017 - 2029
- Figure 8:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 9:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY PROPULSION TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 10:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 11:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 12:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY BEV, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 13:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY BEV, USD, SOUTH AMERICA, 2017 - 2029
- Figure 14:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY PHEV, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 15:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY PHEV, USD, SOUTH AMERICA, 2017 - 2029
- Figure 16:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 17:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 18:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 19:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 20:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY LFP, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 21:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY LFP, USD, SOUTH AMERICA, 2017 - 2029
- Figure 22:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NCA, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 23:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NCA, USD, SOUTH AMERICA, 2017 - 2029
- Figure 24:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NCM, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 25:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NCM, USD, SOUTH AMERICA, 2017 - 2029
- Figure 26:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NMC, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 27:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NMC, USD, SOUTH AMERICA, 2017 - 2029
- Figure 28:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY OTHERS, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 29:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY OTHERS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 30:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY CAPACITY, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 31:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY CAPACITY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 32:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 33:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 34:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 35:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, SOUTH AMERICA, 2017 - 2029
- Figure 36:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 37:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, SOUTH AMERICA, 2017 - 2029
- Figure 38:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 39:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, SOUTH AMERICA, 2017 - 2029
- Figure 40:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 41:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, SOUTH AMERICA, 2017 - 2029
- Figure 42:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY BATTERY FORM, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 43:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY BATTERY FORM, USD, SOUTH AMERICA, 2017 - 2029
- Figure 44:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 45:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 46:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY CYLINDRICAL, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 47:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY CYLINDRICAL, USD, SOUTH AMERICA, 2017 - 2029
- Figure 48:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY POUCH, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 49:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY POUCH, USD, SOUTH AMERICA, 2017 - 2029
- Figure 50:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY PRISMATIC, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 51:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY PRISMATIC, USD, SOUTH AMERICA, 2017 - 2029
- Figure 52:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY METHOD, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 53:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY METHOD, USD, SOUTH AMERICA, 2017 - 2029
- Figure 54:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 55:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, METHOD, VALUE SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 56:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY LASER, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 57:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY LASER, USD, SOUTH AMERICA, 2017 - 2029
- Figure 58:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY WIRE, KWH, SOUTH AMERICA, 2017 - 2029
- Figure 59:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY WIRE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 60:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY COMPONENT, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 61:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY COMPONENT, USD, SOUTH AMERICA, 2017 - 2029
- Figure 62:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 63:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 64:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY ANODE, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 65:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY ANODE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 66:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY CATHODE, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 67:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY CATHODE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 68:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 69:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY ELECTROLYTE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 70:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY SEPARATOR, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 71:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY SEPARATOR, USD, SOUTH AMERICA, 2017 - 2029
- Figure 72:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY MATERIAL TYPE, KG, SOUTH AMERICA, 2017 - 2029
- Figure 73:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY MATERIAL TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 74:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 75:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), SOUTH AMERICA, 2022 & 2029
- Figure 76:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY COBALT, KG, SOUTH AMERICA, 2017 - 2029
- Figure 77:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY COBALT, USD, SOUTH AMERICA, 2017 - 2029
- Figure 78:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY LITHIUM, KG, SOUTH AMERICA, 2017 - 2029
- Figure 79:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY LITHIUM, USD, SOUTH AMERICA, 2017 - 2029
- Figure 80:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY MANGANESE, KG, SOUTH AMERICA, 2017 - 2029
- Figure 81:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY MANGANESE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 82:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, SOUTH AMERICA, 2017 - 2029
- Figure 83:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 84:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NICKEL, KG, SOUTH AMERICA, 2017 - 2029
- Figure 85:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY NICKEL, USD, SOUTH AMERICA, 2017 - 2029
- Figure 86:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY OTHER MATERIALS, KG, SOUTH AMERICA, 2017 - 2029
- Figure 87:
- BREAKDOWN OF SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, BY OTHER MATERIALS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 88:
- SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 89:
- SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 90:
- SOUTH AMERICA ELECTRIC BUS BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2022
South America Electric Bus Battery Pack Industry Segmentation
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.
- In many of the countries falling under the South America region, buses are one of the main modes of public transit. Old traditional buses emit a lot of carbon dioxide due to ICE engines, therefore during the recent years, demand for electric buses has gradually grown in various South American countries such as Brazil, Chile, colombia etc. The demand for electric buses increased by xx% in 2021 over 2017 due to growing government's imposition of strict EV regulations, promotion of EVs through subsidies and rebates, rise in green transportation to cut down the carbon emission. As a result, the demand for battery packs for battery electric buses and plug in hybrid electric buses also increased by xx% in 2021 over 2017 throughout the region.
- Electric buses are gradually increasing in countries under the region. As of 2022 in South America, Chile has one of the highest demands of various type of electric buses and battery packs to power them. Chile has more than 800 buses being the major contributor to the battery market, some of the other countries such as Brazil, Colombia, Peru is also contributing to the growth of battery packs owing to the growing demand for electric buses in these countries gradaully. As a result, the region has witnessed a growth in the demand of electric buses by xx% in 2022 over 2021.
- Various companies are getting orders of electric buses from different countries falling under the region. In November 2022, the Chinese automaker BYD has announced to deliver 100 electric buses chassis in Sap Paulo, Brazil by the 1st half of 2023. These chassis will be further assembled to electric buses, which will also increase the demand of the battery packs for various types of buses such as battery electric and PHEB. Such developments are expected to enhance the demand for the battery packs during the forecast period in South America.
| 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 |
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Market Definition
- BEV - BEV or all-electric vehicle is an EV that has an electric motor and a battery but no internal combustion engine.
- Plug-in Hybrid EV - A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can It can be charged externally.
- LFP - LFP stands for Lithium Iron Phosphate and are known for their high energy density, long cycle life, and excellent safety features.
- NMC - NMC stands for Nickel Manganese Cobalt. NMC batteries are known for their high energy density, which makes them ideal for use in electric vehicles and other high-performance applications.
- NCM - NCM batteries, or Nickel Cobalt Manganese batteries, are a type of lithium-ion battery that uses a combination of nickel, cobalt, and manganese in the cathode material. They are a popular choice for high-performance applications where energy density and cycle life are important factors to consider.
- Others - Others include li-ion batteries with cathode material such as LTO, LMO, NCA, and LMO.
- Prismatic - Prismatic cells are rectangular in shape and have a higher energy density. They are commonly used in many electric vehicle models and large energy storage systems.
- Cylindrical - Cylindrical cells have a cylindrical shape and are more durable and easier to cool than other cell types. They can be arranged in different configurations to optimize performance and energy density.
- Pouch - Pouch cells have a flexible and lightweight design, and can be shaped and arranged to fit a wide range of applications. They are typically used in smaller battery packs for electric vehicles, and are often less expensive to manufacture than other cell types.
- Wire - Wire welding involves using metal wires to connect the terminals of adjacent cells. This method is simple and low-cost, but can result in a less secure and less durable connection.
- Laser - Laser welding, uses a high-energy laser to melt the metal at the contact points between adjacent cells, creating a strong and durable bond.
- Commercial Vehicles - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
- Passenger Vehicles - Passenger cars are electric motor– or engine driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
- Light Commercial Vehicles - Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
- M&HDT - Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
| 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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