The research uses extensive secondary sources, such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the EV battery market. Primary sources, such as experts from related industries, OEMs, and suppliers, have been interviewed to obtain and verify critical information and assess the growth prospects and market estimations.
Secondary Research
Secondary sources for this research study include corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; whitepapers and electric vehicles and EV Battery-related journals; certified publications; articles by recognized authors; directories; and databases. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research
After understanding the EV battery market scenario through secondary research, extensive primary research has been conducted. Primary interviews have been conducted with market experts from both demand and supply sides across North America, Europe, and Asia Pacific. Approximately 43% of interviews have been conducted from the demand side, while 57% of primary interviews have been conducted from the supply side. The primary data has been collected through questionnaires, emails, and telephone interviews.
In the canvassing of primaries, various departments within organizations, such as sales and operations, have been covered to provide a holistic viewpoint in this report. Primary sources from the supply side include various industry experts, such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders have also been interviewed.
Note: Others include sales, managers, and product managers.
Company tiers are based on the value chain; the company's revenue is not considered.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Multiple approaches were adopted for estimating and forecasting the web content management market. The first approach involves estimating the market size by companies’ revenue generated through the sale of WCM products.
Market Size Estimation Methodology- Top-down approach
Both top-down and bottom-up approaches were used to estimate and validate the total size of the EV battery market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
EV Battery Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size of the global market through the methodology mentioned above, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact market value data for the key segments and sub-segments, wherever applicable. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand and supply-side participants.
Market Definition
According to the Batteries Directive 2006/66/EC, batteries are defined as any source of electrical energy generated by direct conversion of chemical energy and consisting of one or more primary battery cells (non-rechargeable) or one or more secondary battery cells (rechargeable). An EV battery is a rechargeable battery used to power BEVs), PHEVs, and HEVs. An EV battery usually comprises numerous small, individual cells arranged in series or parallel to achieve the desired voltage and capacity.
Stakeholders
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Automotive OEMs
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Battery-related Service Providers
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End Users
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EV Battery Casing Manufacturers
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EV Component Manufacturers
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EV Battery Manufacturing Organizations
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EV Battery Cell Manufacturing Organizations
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EV Battery Pack Manufacturing Organizations
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EV Battery Raw Material Miners and Suppliers
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EV Battery Raw Material Refinery Companies
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EV Infrastructure Component Manufacturers
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EV Infrastructure Developers
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Government Bodies (who directly and indirectly provide incentives, aid, and orders to EV manufacturers)
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Manufacturers of Electric Vehicles (EVs)
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Regulatory Bodies
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Traders and Distributors of Electric Vehicles
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Traders, Distributors, and Suppliers of EV Battery Components
Report Objectives
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To analyze and forecast the EV battery market in terms of volume (thousand units) and value (USD million) from 2024 to 2035
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To segment the market by Battery Capacity, Battery Form, Battery Type, Lithium-ion Battery Component, Material Type, Method, Propulsion, Vehicle Type, and Region
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To segment and forecast the market by Battery Capacity (<50 kWh, 51-110 kWh, 111-200 kWh, 201-300 kWh, and >301 kWh)
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To segment and forecast the market by Battery Form (Prismatic, Pouch, and Cylindrical)
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To segment and forecast the market by Battery Type (Lithium-ion, Nickel-metal Hydride, Solid-state, and Sodium-ion)
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To segment and forecast the market by Lithium-ion Battery Component (Negative electrode, Positive electrode, Electrolyte, and Separator)
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To segment and forecast the market by Material Type (Cobalt, Lithium, Natural Graphite, Manganese, Iron, Phosphate, and Nickel)
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To segment and forecast the market by Method (Wire Bonding, Laser Bonding, and Ultrasonic Metal Welding)
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To segment and forecast the market by Propulsion (Battery Electric Vehicles, Plug-In Hybrid Electric Vehicles, Fuel Cell Electric Vehicles, and Hybrid Electric Vehicles)
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To segment and forecast the market by Vehicle Type (Passenger Cars, Vans/Light Trucks, Medium & Heavy Trucks, Buses, and Off-highway Vehicles)
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To forecast the market by Region (North America, Europe, and Asia Pacific)
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To identify and analyze key drivers, challenges, restraints, and opportunities influencing the market growth
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To strategically analyze the market for individual growth trends, prospects, and contributions to the total market
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To study the following with respect to the market
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Pricing Analysis
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Investment and Funding Scenario
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Value Chain Analysis
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Ecosystem Analysis
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Technology Analysis
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HS Code
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Case Study Analysis
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Patent Analysis
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Regulatory Landscape
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Key Stakeholders and Buying Criteria
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Key Conferences and Events
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To strategically profile the key players and comprehensively analyze their market share and core competencies
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To analyze the impact of AI on the market
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To track and analyze competitive developments such as deals, product launches/developments, expansions, and other activities undertaken by the key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the company's specific needs.
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Additional Company Profiles (Up to 5)
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Global EV battery market, By Propulsion Type, at Country Level
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Global EV battery market, By Propulsion Type at Vehicle Type Level
LARGEST MARKET IN 2024-2035
CHINA, LARGEST MARKET IN REGION
John
Jun, 2022
Which factors are majorly influencing the global growth of EV Battery Market?.
Evan
Jul, 2022
We need details on the passenger cars segment for this market in Asia & Africa.