What is the market size for the electric vehicle (ev) battery?

The Market is expected to grow by $ 75359.7 mn in 2025-2029. <a href='https://www.technavio.com/report/electric-vehicle-battery-market-industry-size-analysis'>Read More</a>

What is the CAGR for the electric vehicle (ev) battery?

20% CAGR with $ 75359.7 mn Momentum. <a href='https://www.technavio.com/report/electric-vehicle-battery-market-industry-size-analysis'>Read More</a>

What is the growth rate of the Electric Vehicle (Ev) Battery market?

20% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/electric-vehicle-battery-market-industry-size-analysis'>Read More</a>

Which region held the largest market share in the Electric Vehicle (Ev) Battery market?

APAC with 48% of the market growth. <a href='https://www.technavio.com/report/electric-vehicle-battery-market-industry-size-analysis'>Read More</a>

Who are the prominent players in the Electric Vehicle (Ev) Battery market?

A123 Systems LLC, Ballard Power Systems Inc., BYD Co. Ltd., CLARIOS LLC, Crown Battery Manufacturing Co., Cummins Inc., East Penn Manufacturing Co. Inc., EnerSys, Enertech .... <a href='https://www.technavio.com/report/electric-vehicle-battery-market-industry-size-analysis'>Read More</a>

Electric Vehicle (EV) Battery Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Norway, France, Germany, UK, Italy, Japan, India, South Korea - Size and Forecast 2025-2029

Published: Feb 2025
Pages: 225
SKU: IRTNTR43129

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Electric Vehicle Battery Market Size 2025-2029

The electric vehicle (EV) battery market size is forecast to increase by USD 75.36 billion at a CAGR of 20% between 2024 and 2029.

The market is experiencing significant growth due to several key factors. The increasing demand for EVs and their expanded applications in various sectors, including transportation and energy storage, is driving market growth. Additionally, the adoption of advanced software and sensors for automotive battery management systems (BMS) is enhancing the efficiency and performance of EV batteries. Furthermore, the growing global power crisis is pushing governments and organizations to invest in renewable energy solutions, including EVs, which is expected to boost market demand. These trends are shaping the future of the market and presenting new opportunities for market participants.

What will be the Size of the Electric Vehicle (EV) Battery Market During the Forecast Period?

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1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Market Segmentation by Capacity
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation

2.3 Factors of disruption
- Overview on factors of disruption

2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

3.2 Market characteristics
- Market characteristics analysis

3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition

4.2 Market segment analysis
- Market segments

4.3 Market size 2024

4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Electric Vehicle (EV) Battery Market 2019 - 2023
- Historic Market Size - Data Table on Global Electric Vehicle (EV) Battery Market 2019 - 2023 ($ million)

5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)

5.3 Vehicle Type segment analysis 2019 - 2023
- Historic Market Size - Vehicle Type Segment 2019 - 2023 ($ million)

5.4 Capacity segment analysis 2019 - 2023
- Historic Market Size - Capacity Segment 2019 - 2023 ($ million)

5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)

5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI on the Global Electric Vehicle (EV) Battery Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029

7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029

7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029

7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029

7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029

7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029

7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)

8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type

8.3 Lithium-ion battery - Market size and forecast 2024-2029
- Chart on Lithium-ion battery - Market size and forecast 2024-2029 ($ million)
- Data Table on Lithium-ion battery - Market size and forecast 2024-2029 ($ million)
- Chart on Lithium-ion battery - Year-over-year growth 2024-2029 (%)
- Data Table on Lithium-ion battery - Year-over-year growth 2024-2029 (%)

8.4 Lead-acid battery - Market size and forecast 2024-2029
- Chart on Lead-acid battery - Market size and forecast 2024-2029 ($ million)
- Data Table on Lead-acid battery - Market size and forecast 2024-2029 ($ million)
- Chart on Lead-acid battery - Year-over-year growth 2024-2029 (%)
- Data Table on Lead-acid battery - Year-over-year growth 2024-2029 (%)

8.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)

8.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

9 Market Segmentation by Vehicle Type

9.1 Market segments
- Chart on Vehicle Type - Market share 2024-2029 (%)
- Data Table on Vehicle Type - Market share 2024-2029 (%)

9.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type

9.3 Battery electric vehicle - Market size and forecast 2024-2029
- Chart on Battery electric vehicle - Market size and forecast 2024-2029 ($ million)
- Data Table on Battery electric vehicle - Market size and forecast 2024-2029 ($ million)
- Chart on Battery electric vehicle - Year-over-year growth 2024-2029 (%)
- Data Table on Battery electric vehicle - Year-over-year growth 2024-2029 (%)

9.4 Plug-in hybrid electric vehicle - Market size and forecast 2024-2029
- Chart on Plug-in hybrid electric vehicle - Market size and forecast 2024-2029 ($ million)
- Data Table on Plug-in hybrid electric vehicle - Market size and forecast 2024-2029 ($ million)
- Chart on Plug-in hybrid electric vehicle - Year-over-year growth 2024-2029 (%)
- Data Table on Plug-in hybrid electric vehicle - Year-over-year growth 2024-2029 (%)

9.5 Hybrid electric vehicle - Market size and forecast 2024-2029
- Chart on Hybrid electric vehicle - Market size and forecast 2024-2029 ($ million)
- Data Table on Hybrid electric vehicle - Market size and forecast 2024-2029 ($ million)
- Chart on Hybrid electric vehicle - Year-over-year growth 2024-2029 (%)
- Data Table on Hybrid electric vehicle - Year-over-year growth 2024-2029 (%)

9.6 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ million)
- Data Table on Market opportunity by Vehicle Type ($ million)

10 Market Segmentation by Capacity

10.1 Market segments
- Chart on Capacity - Market share 2024-2029 (%)
- Data Table on Capacity - Market share 2024-2029 (%)

10.2 Comparison by Capacity
- Chart on Comparison by Capacity
- Data Table on Comparison by Capacity

10.3 Medium capacity batteries - Market size and forecast 2024-2029
- Chart on Medium capacity batteries - Market size and forecast 2024-2029 ($ million)
- Data Table on Medium capacity batteries - Market size and forecast 2024-2029 ($ million)
- Chart on Medium capacity batteries - Year-over-year growth 2024-2029 (%)
- Data Table on Medium capacity batteries - Year-over-year growth 2024-2029 (%)

10.4 High capacity batteries - Market size and forecast 2024-2029
- Chart on High capacity batteries - Market size and forecast 2024-2029 ($ million)
- Data Table on High capacity batteries - Market size and forecast 2024-2029 ($ million)
- Chart on High capacity batteries - Year-over-year growth 2024-2029 (%)
- Data Table on High capacity batteries - Year-over-year growth 2024-2029 (%)

10.5 Low capacity batteries - Market size and forecast 2024-2029
- Chart on Low capacity batteries - Market size and forecast 2024-2029 ($ million)
- Data Table on Low capacity batteries - Market size and forecast 2024-2029 ($ million)
- Chart on Low capacity batteries - Year-over-year growth 2024-2029 (%)
- Data Table on Low capacity batteries - Year-over-year growth 2024-2029 (%)

10.6 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
- Data Table on Market opportunity by Capacity ($ million)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)

12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)

12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)

12.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)

12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)

12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)

12.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)

12.9 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)

12.10 Norway - Market size and forecast 2024-2029
- Chart on Norway - Market size and forecast 2024-2029 ($ million)
- Data Table on Norway - Market size and forecast 2024-2029 ($ million)
- Chart on Norway - Year-over-year growth 2024-2029 (%)
- Data Table on Norway - Year-over-year growth 2024-2029 (%)

12.11 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)

12.12 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)

12.13 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)

12.14 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)

12.15 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)

12.16 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)

12.17 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)

12.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers

13.2 Market challenges

13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview

14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

14.3 Landscape disruption
- Overview on factors of disruption

14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered

15.2 Company ranking index
- Company ranking index

15.3 Market positioning of companies
- Matrix on companies position and classification

15.4 A123 Systems LLC
- A123 Systems LLC - Overview
- A123 Systems LLC - Product / Service
- A123 Systems LLC - Key offerings
- SWOT

15.5 Ballard Power Systems Inc.
- Ballard Power Systems Inc. - Overview
- Ballard Power Systems Inc. - Product / Service
- Ballard Power Systems Inc. - Key offerings
- SWOT

15.6 BYD Co. Ltd.
- BYD Co. Ltd. - Overview
- BYD Co. Ltd. - Business segments
- BYD Co. Ltd. - Key news
- BYD Co. Ltd. - Key offerings
- BYD Co. Ltd. - Segment focus
- SWOT

15.7 CLARIOS LLC
- CLARIOS LLC - Overview
- CLARIOS LLC - Product / Service
- CLARIOS LLC - Key news
- CLARIOS LLC - Key offerings
- SWOT

15.8 Crown Battery Manufacturing Co.
- Crown Battery Manufacturing Co. - Overview
- Crown Battery Manufacturing Co. - Product / Service
- Crown Battery Manufacturing Co. - Key offerings
- SWOT

15.9 Cummins Inc.
- Cummins Inc. - Overview
- Cummins Inc. - Business segments
- Cummins Inc. - Key news
- Cummins Inc. - Key offerings
- Cummins Inc. - Segment focus
- SWOT

15.10 EnerSys
- EnerSys - Overview
- EnerSys - Business segments
- EnerSys - Key news
- EnerSys - Key offerings
- EnerSys - Segment focus
- SWOT

15.11 Enertech International Inc.
- Enertech International Inc. - Overview
- Enertech International Inc. - Product / Service
- Enertech International Inc. - Key offerings
- SWOT

15.12 Exide Industries Ltd.
- Exide Industries Ltd. - Overview
- Exide Industries Ltd. - Product / Service
- Exide Industries Ltd. - Key news
- Exide Industries Ltd. - Key offerings
- SWOT

15.13 GS Yuasa International Ltd.
- GS Yuasa International Ltd. - Overview
- GS Yuasa International Ltd. - Business segments
- GS Yuasa International Ltd. - Key news
- GS Yuasa International Ltd. - Key offerings
- GS Yuasa International Ltd. - Segment focus
- SWOT

15.14 LG Chem Ltd.
- LG Chem Ltd. - Overview
- LG Chem Ltd. - Business segments
- LG Chem Ltd. - Key news
- LG Chem Ltd. - Key offerings
- LG Chem Ltd. - Segment focus
- SWOT

15.15 OptimumNano Energy Co. Ltd.
- OptimumNano Energy Co. Ltd. - Overview
- OptimumNano Energy Co. Ltd. - Product / Service
- OptimumNano Energy Co. Ltd. - Key offerings
- SWOT

15.16 Panasonic Holdings Corp.
- Panasonic Holdings Corp. - Overview
- Panasonic Holdings Corp. - Business segments
- Panasonic Holdings Corp. - Key news
- Panasonic Holdings Corp. - Key offerings
- Panasonic Holdings Corp. - Segment focus
- SWOT

15.17 Samsung SDI Co. Ltd.
- Samsung SDI Co. Ltd. - Overview
- Samsung SDI Co. Ltd. - Business segments
- Samsung SDI Co. Ltd. - Key news
- Samsung SDI Co. Ltd. - Key offerings
- Samsung SDI Co. Ltd. - Segment focus
- SWOT

15.18 Zhejiang Narada Power Source Co. Ltd.
- Zhejiang Narada Power Source Co. Ltd. - Overview
- Zhejiang Narada Power Source Co. Ltd. - Business segments
- Zhejiang Narada Power Source Co. Ltd. - Key offerings
- Zhejiang Narada Power Source Co. Ltd. - Segment focus
- SWOT

16 Appendix