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The technologies in electric vehicle battery market have undergone significant changes in recent years, with battery technology evolving from low energy density to high energy density. The rising wave of new technologies, such as lithium-nickel-cobalt-aluminum (NCA) and lithium-nickel-manganese-cobalt (NMC) are creating growth potential in electric vehicle battery.
 
In the electric vehicle battery market, various technologies, such as lithium-ion, nickel metal hydride, and lead acid are used to make batteries for electric vehicle. Favorable government policies and subsidies, growing concern about environmental pollution, more electric vehicle models and continued sales growth are increasing demand for electric vehicle and thus for electric vehicle battery.
 
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the electric vehicle battery market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.

 
electric vehicle battery


electric vehicle battery


electric vehicle battery
Lucintel’s study finds that electric vehicle battery technology is forecast to grow at 38% CAGR from 2020 to 2025. Lithium-ion battery technology is the largest segment of the electric vehicle battery market, and is growing at above average growth. 
 
Emerging technology trend, which has a direct impact on the dynamics of the industry, includes development of light weight as well as high energy density lithium-ion batteries. 
 
The study includes trends and forecast for the global electric vehicle battery market by application, technology, and region as follows:
 
Technology Readiness by Technology Type
 
Competitive Intensity and Regulatory Compliance
 
Disruption Potential by Technology Type
 
Trends and Forecast by Technology Type [$B shipment analysis from 2014 to 2025]:
  • Lithium-ion Battery
  • Lithium-iron Phosphate (LFP)
  • Lithium-nickel-manganese-cobalt (NMC)
  • Lithium-manganese-spinal (LMO)
  • Lithium-nickel-cobalt-aluminum (NCA)
  • Lithium-Titanate (LTO)
  • Nickle Metal Hydride
  • Lead Acid Battery
Technology Trends and Forecast by Propulsion [$B shipment analysis from 2014 to 2025]:
  • Battery Electric Vehicle
  • Hybrid Electric Vehicle & Plug-in Hybrid Electric Vehicle
Technology Trends and Forecast by Vehicle [$B shipment analysis from 2014 to 2025]:
  • Passenger Cars
  • Commercial Vehicles
Technology Trends and Forecast by Region [$B shipment analysis from 2014 to 2025]:
  • North America
  • United States
  • Canada 
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Asia Pacific
  • Japan
  • China
  • South Korea
  • India
  • The Rest of the World 
Latest Developments and Innovations in the Global Electric Vehicle Battery Technologies
 
Companies/Ecosystems
 
Strategic Opportunities by Technology Type
 
Some of the electric vehicle battery technology companies profiled in this report include Panasonic, Samsung SDI, Johnson Controls, Kokam, BYD, Toshiba Corporation, LG Chem, and Sanyo Electric are among the major players in the electric vehicle battery market.
 
This report answers following 6 key questions:
Q.1 What are some of the most promising potential, high-growth technology opportunities for the global automotive detection and ranging sensor market?
Q.2 Which technology segment/segments will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in automotive detection and ranging sensor market?
Q.4 What are the business risks and threats to these technologies in automotive detection and ranging sensor market?
Q.5 What are the new technology developments in automotive detection and ranging sensor market? Which companies are leading these developments? 
Q.6 Who are the major players in this automotive detection and ranging sensor market? What strategic initiatives are being implemented by key players for business growth?
 
Table of Contents
 
 
 
1. Executive Summary
 
2. Technology Landscape
2.1: Technology Background and Evolution
2.2: Technology and Application Mapping
2.3: Supply Chain
 
3. Technology Readiness
3.1: Technology Commercialization and Readiness
3.2: Drivers and Challenges in Electric Vehicle Battery Technologies
 
4. Technology Trends and Opportunities
4.1: Electric Vehicle Battery Market Opportunity
4.2: Technology Trends and Growth Forecasts
4.2.1: Lithium-ion
4.2.1.1:By Type
4.2.1.1.1: Lithium-nickel-manganese-cobalt (NMC)
4.2.1.1.2: Lithium-nickel-cobalt-aluminum (NCA)
4.2.1.1.3: Lithium-Titanate (LTO)
4.2.1.1.4: Lithium-iron Phosphate (LFP)
4.2.1.1.5: Lithium-manganese-spinal (LMO)
4.2.2: Lead Acid
4.2.3: Nickel Metal Hydride
4.3: Technology Opportunities by Propulsion
4.3.1: Battery Electric Vehicle (BEV)
4.3.2: Hybrid Electric Vehicle & Plug-in Hybrid Electric Vehicle (HEV & PHEV)
4.4: Technology Opportunities by Vehicle
4.4.1: Passenger Cars
4.4.2: Commercial Vehicle
 
5. Technology Opportunity by Region
5.1:  Electric Vehicle Battery Market by Region
5.2: North American Electric Vehicle Battery Market
5.2.1: Market by Technology
5.2.2: The United States Electric Vehicle Battery Market
5.2.3: Canadian Electric Vehicle Battery Market
5.2.4: Mexican Electric Vehicle Battery Market
5.3 European Electric Vehicle Battery Market
5.3.1 Market by Technology
5.3.2 German Electric Vehicle Battery Market
5.3.3 French Electric Vehicle Battery Market
5.3.4 The United Kingdom Electric Vehicle Battery Market
5.4 APAC Electric Vehicle Battery Market
5.4.1: Market by Technology
5.4.2: Chinese Electric Vehicle Battery Market
5.4.3: Japanese Electric Vehicle Battery Market
5.4.4: Indian Electric Vehicle Battery Market
5.5: ROW Electric Vehicle Battery Market
5.5.1: Market by Technology
 
6. Companies and Ecosystem
6.1: Product Portfolio Analysis
6.2: Geographical Reach
6.3: Porter’s Five Forces Analysis
 
7. Strategic Implications
7.1: Implications
7.2: Growth Opportunity Analysis
7.2.1: Growth Opportunities for the  Electric Vehicle Battery Market by Technology
7.2.2: Growth Opportunities for the  Electric Vehicle Battery Market by Propulsion
7.2.3: Growth Opportunities for the  Electric Vehicle Battery Market by Region
7.3: Emerging Trends in  Electric Vehicle Battery Market
7.4: Strategic Analysis
7.4.1: New Product Development
7.4.2: Capacity Expansion of the  Electric Vehicle Battery Market
 
8. Company Profiles of Leading Players
8.1: LG Chemical
8.2: Contemporary Amperex Technology (CATL)
8.3: Panasonic Corporation
8.4: Kokam Co. Ltd.
8.5: BYD
8.6: Samsung SDI
 
 
List of Figures
 
Chapter 2. Technology Landscape
Figure 2:1: Evolution and Future of Technologies in the Electric Vehicle Battery Market
Figure 2:2: Horizontal Technology Mapping
Figure 2:3: Vertical Technology Mapping
Figure 2:4: Supply Chain of the  Electric Vehicle Battery Market
 
Chapter 3. Technology Readiness
Figure 3:1: Innovation Technology Readiness in the Electric Vehicle Battery Market
Figure 3.2: Level of Technology Maturity, Disruption Potential in Various Markets
Figure 3.3: Level of Battery Technology Maturity, Disruption Potential in Various Markets
Figure 3:4: Major Drivers and Challenges for the  Electric Vehicle Battery Market
 
Chapter 4. Technology Trends and Opportunities
Figure 4:1: Trends and Forecast for the  Electric Vehicle Battery Market (2014-2025)
Figure 4:2: Trends of the  Electric Vehicle Battery Market ($B) by Technology
Figure 4:3: Forecast for the  Electric Vehicle Battery Market ($B) by Technology (2020-2025)
Figure 4.4: Lithium-ion Technology Trends of the  Electric Vehicle Battery Market ($B) (2014-2019)
Figure 4.5: Lithium-ion Technology Forecast for the  Electric Vehicle Battery Market ($B) (2020-2025)
Figure 4.6: Trends and Forecast for Lithium-nickel-manganese-cobalt (NMC) in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.7: Trends and Forecast for Lithium-nickel-cobalt-aluminum (NCA) in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.8: Trends and Forecast for Lithium-Titanate (LTO) in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.9: Trends and Forecast for Lithium-Iron Phosphate (LFP) in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.10: Trends and Forecast for Lithium-manganese-spinal (LMO) in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.11: Trends and Forecast for Lead Acid Battery in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.12: Trends and Forecast for Nickel Metal Hydride Battery in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.13: Technology Trends of the  Electric Vehicle Battery Market ($B) by Propulsion (2014-2019)
Figure 4.14: Technology Forecast for the  Electric Vehicle Battery Market ($B) by Propulsion (2020-2025)
Figure 4.15: Trends and Forecast for Battery Electric Vehicle in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.16: Trends and Forecast for HEV & PHEV in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.17: Technology Trends of the  Electric Vehicle Battery Market ($B) by Vehicle (2014-2019)
Figure 4.18: Technology Forecast for the  Electric Vehicle Battery Market ($B) by Vehicle (2020-2025)
Figure 4.19: Trends and Forecast for Passenger Vehicle in the  Electric Vehicle Battery Market (2014-2025)
Figure 4.20: Trends and Forecast for Commercial Vehicle in the  Electric Vehicle Battery Market (2014-2025)
 
Chapter 5. Technology Opportunity by Region
Figure 5.1: Trends of the  Electric Vehicle Battery Market ($B) by Region (2014-2019)
Figure 5.2: Forecast for the  Electric Vehicle Battery Market ($B) by Region
Figure 5.3: Trends and Forecast for the North American Electric Vehicle Battery Market (2014-2025)
Figure 5.4: Technology Trends of the North American Electric Vehicle Battery Market ($B) (2014-2019)
Figure 5.5: Technology Forecast for the North American Electric Vehicle Battery Market ($B) (2020-2025)
Figure 5.6: Trends and Forecast for the United States Electric Vehicle Battery Market ($B) (2014-2025)
Figure 5.7: Trends and Forecast for the Canadian Electric Vehicle Battery Market ($B) (2014-2025)
Figure 5.8: Trends and Forecast for the Mexican Electric Vehicle Battery Market ($B)
Figure 5.9: Trends and Forecast for the European Electric Vehicle Battery Market
Figure 5.10: Technology Trends of the European Electric Vehicle Battery Market ($B)
Figure 5.11: Technology Forecast for the European Electric Vehicle Battery Market ($B) (2020-2025)
Figure 5.12: Trends and Forecast for the German Electric Vehicle Battery Market ($B) (2014-2025)
Figure 5.13: Trends and Forecast for the French Electric Vehicle Battery Market ($B)
Figure 5.14: Trends and Forecast for the United Kingdom Electric Vehicle Battery Market ($B) (2014-2025)
Figure 5.15: Trends and Forecast for the APAC Electric Vehicle Battery Market (2014- 2025)
Figure 5.16: Technology Trends of the APAC Electric Vehicle Battery Market ($B)
Figure 5.17: Technology Forecast for the APAC Electric Vehicle Battery Market ($B)
Figure 5.18: Trends and Forecast for the Chinese Electric Vehicle Battery Market ($B) (2014-2025)
Figure 5.19: Trends and Forecast for the Japanese Electric Vehicle Battery Market ($B) (2014-2025)
Figure 5.20: Trends and Forecast for the Indian Electric Vehicle Battery Market ($B) (2014-2025)
Figure 5.21: Trends and Forecast for the ROW Electric Vehicle Battery Market (2014-2025)
Figure 5.22: Technology Trends of the ROW Electric Vehicle Battery Market ($B) (2014-2019)
Figure 5.23: Technology Forecast for the ROW Electric Vehicle Battery Market ($B) (2020-2025)
 
Chapter 6. Companies and Ecosystem
Figure 6.1: Locations of Major  Electric Vehicle Battery Suppliers
Figure 6.2: Porter’s Five Forces Market Analysis Model for  Electric Vehicle Battery Market
 
Chapter 7. Strategic Implications
Figure 7.1: Growth Opportunities for  Electric Vehicle Battery Market by Technology (2020-2025)
Figure 7.2: Growth Opportunities for  Electric Vehicle Battery Market by Propulsion (2020-2025)
Figure 7.3: Growth Opportunities for  Electric Vehicle Battery Market by Region
Figure 7.4: Emerging Trends of the  Electric Vehicle Battery Market (2020-2025)
Figure 7.5: Strategic Initiatives by Major Competitors for  Electric Vehicle Battery Market
Figure 7.6: Major Capacity Expansions of the  Electric Vehicle Battery Market
 
 
List of Tables
 
Chapter 1. Executive Summary
Table 1:1:  Electric Vehicle Battery Technology Parameters and Attributes
 
Chapter 2. Technology Landscape
Table 2.1: Key Initiatives for Battery Technology in the  Electric Vehicle Battery Market
 
Chapter 4. Technology Trends and Opportunities
Table 4:1: Market Trends of the  Electric Vehicle Battery Market (2014-2019)
Table 4:2: Market Forecast for the  Electric Vehicle Battery Market (2020-2025)
Table 4:3: Market Size and CAGR of Various Technologies in the  Electric Vehicle Battery Market (2014-2019)
Table 4:4: Market Size and CAGR of Various Technologies in the  Electric Vehicle Battery Market (2020-2025)
Table 4.5: Market Size and CAGR of Various Lithium-ion Technologies in the  Electric Vehicle Battery Market (2014-2019)
Table 4.6: Market Size and CAGR of Various Lithium-ion Technologies in the  Electric Vehicle Battery Market (2020-2025)
Table 4.7: Market Trends of Lithium-nickel-manganese-cobalt (NMC) in the  Electric Vehicle Battery Market (2014-2019)
Table 4.8: Market Forecast for Lithium-nickel-manganese-cobalt (NMC) in the  Electric Vehicle Battery Market (2020-2025)
Table 4.9: Market Trends of Lithium-nickel-cobalt-aluminum (NCA) in the  Electric Vehicle Battery Market (2014-2019)
Table 4.10: Market Forecast for Lithium-nickel-cobalt-aluminum (NCA) in the  Electric Vehicle Battery Market (2020-2025)
Table 4.11: Market Trends of Lithium-Titanate (LTO) in the  Electric Vehicle Battery Market (2014-2025)
Table 4.12: Market Forecast for Lithium-Titanate (LTO) in the  Electric Vehicle Battery Market (2020-2025)
Table 4.13: Market Trends of Lithium-Iron Phosphate (LFP) in the  Electric Vehicle Battery Market (2014-2025)
Table 4.14: Market Forecast for Lithium-Iron Phosphate (LFP) in the  Electric Vehicle Battery Market (2020-2025)
Table 4.15: Market Trends of Lithium-manganese-spinal (LMO) in the  Electric Vehicle Battery Market (2014-2025)
Table 4.16: Market Forecast for Lithium-manganese-spinal (LMO) in the  Electric Vehicle Battery Market (2020-2025)
Table 4.17: Market Trends of Lead Acid Battery in the  Electric Vehicle Battery Market (2014-2019)
Table 4.18: Market Forecast for Lead Acid Battery in the  Electric Vehicle Battery Market (2020-2025)
Table 4.19: Market Trends of Nickel Metal Hydride Battery in the  Electric Vehicle Battery Market (2014-2019)
Table 4.20: Market Forecast for Nickel Metal Hydride Battery in the  Electric Vehicle Battery Market (2020-2025)
Table 4.21: Market Size and CAGR of Various Propulsions in the  Electric Vehicle Battery Market (2014-2019)
Table 4.22: Market Size and CAGR of Various Propulsions in the  Electric Vehicle Battery Market (2020-2025)
Table 4.23: Market Trends of Battery Electric Vehicle in the  Electric Vehicle Battery Market (2014-2019)
Table 4.24: Market Forecast for Battery Electric Vehicle in the  Electric Vehicle Battery Market (2020-2025)
Table 4.25: Market Trends of HEV & PHEV in the  Electric Vehicle Battery Market (2014-2019)
Table 4.26: Market Forecast for HEV & PHEV in the  Electric Vehicle Battery Market (2020-2025)
Table 4.27: Market Size and CAGR of Various Vehicle Types in the  Electric Vehicle Battery Market (2014-2019)
Table 4.28: Market Size and CAGR of Various Vehicle Types in the  Electric Vehicle Battery Market (2020-2025)
Table 4.29: Market Trends of Passenger Vehicle in the  Electric Vehicle Battery Market (2014-2019)
Table 4.30: Market Forecast for Passenger Vehicle in the  Electric Vehicle Battery Market (2020-2025)
Table 4.31: Market Trends of Commercial Vehicle in the  Electric Vehicle Battery Market (2014-2019)
Table 4.32: Market Forecast for Commercial Vehicle in the  Electric Vehicle Battery Market (2020-2025)
 
Chapter 5. Technology Opportunity by Region
Table 5.1: Market Size and CAGR of Various Regions in the  Electric Vehicle Battery Market (2014-2019)
Table 5.2: Market Size and CAGR of Various Regions in the  Electric Vehicle Battery Market (2020-2025)
Table 5.3: Market Trends of the North American Electric Vehicle Battery Market (2014-2019)
Table 5.4: Market Forecast for the North American Electric Vehicle Battery Market
Table 5.5: Market Size and CAGR of Various Technologies in the North American Electric Vehicle Battery Market (2014-2019)
Table 5.6: Market Size and CAGR of Various Technologies in the North American Electric Vehicle Battery Market (2020-2025)
Table 5.7: Trends and Forecast for the United States Electric Vehicle Battery Market
Table 5.8: Trends and Forecast for the Canadian Electric Vehicle Battery Market
Table 5.9: Trends and Forecast for the Mexican Electric Vehicle Battery Market (2014-2025)
Table 5.10: Market Trends of the European Electric Vehicle Battery Market (2014-2019)
Table 5.11: Market Forecast for the European Electric Vehicle Battery Market (2020-2025)
Table 5.12: Market Size and CAGR of Various Technologies in the European Electric Vehicle Battery Market (2014-2019)
Table 5.13: Market Size and CAGR of Various Technologies in the European Electric Vehicle Battery Market (2020-2025)
Table 5.14: Trends and Forecast for the German Electric Vehicle Battery Market
Table 5.15: Trends and Forecast for the French Electric Vehicle Battery Market (2014-2025)
Table 5.16: Trends and Forecast for the United Kingdom Electric Vehicle Battery Market (2014-2025)
Table 5.17: Market Trends of the APAC Electric Vehicle Battery Market (2014-2019)
Table 5.18: Market Forecast for the APAC Electric Vehicle Battery Market (2020-2025)
Table 5.19: Market Size and CAGR of Various Technologies in the APAC Electric Vehicle Battery Market (2014-2019)
Table 5.20: Market Size and CAGR of Various Technologies in the APAC Electric Vehicle Battery Market (2020-2025)
Table 5.21: Trends and Forecast for Chinese Electric Vehicle Battery Market (2014-2025)
Table 5.22: Trends and Forecast for the Japanese Electric Vehicle Battery Market (2014-2025)
Table 5.23: Trends and Forecast for the Indian Electric Vehicle Battery Market (2014-2025)
Table 5.24: Market Trends of the ROW Electric Vehicle Battery Market (2014-2019)
Table 5.25: Market Forecast for the ROW Electric Vehicle Battery Market (2020-2025)
Table 5.26: Market Size and CAGR of Various Technologies in the ROW Electric Vehicle Battery Market (2014-2019)
Table 5.27: Market Size and CAGR of Various Technologies in the ROW Electric Vehicle Battery Market (2019-2024)
 
Chapter 6. Companies and Ecosystem
Table 6.1: Leading Companies in the Electric Vehicle Battery Ecosystem
Table 6.2: Product Mapping of  Electric Vehicle Battery Based on Markets Served
 
Chapter 7. Strategic Implications
Table 7.1: Electric Vehicle Battery Installation by Electric Vehicle Models (Source: Lucintel)
Table 7.2:  Electric Vehicle Battery Market Parameters and Attributes
 
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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