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ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET FORECAST 2021-2028

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ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET FORECAST 2021-2028

The Asia-Pacific electric vehicle battery market is forecasted to record a CAGR of 17.17% over the projected period of 2021 to 2028. The market growth of the region is mainly credited to the well-established presence of automotive manufacturers, the growing economy of developing countries like India, Japan, and China, as well as the availability of cheap labor and raw materials.

ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET FORECAST 2021-2028

Asia-Pacific Electric Vehicle Battery Market by Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle) Market by Battery Type (Lead Acid, Nickel Metal Hydride, Lithium-ion) Market by End-user (Commercial Vehicle, Passenger Car, Other) by Geography

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The Asia-Pacific electric vehicle battery market is forecasted to record a CAGR of 17.17% over the projected period of 2021 to 2028. The market growth of the region is mainly credited to the well-established presence of automotive manufacturers, the growing economy of developing countries like India, Japan, and China, as well as the availability of cheap labor and raw materials.asia-pacific-electric-vehicle-battery-market

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The Asia-Pacific electric vehicle battery market growth assessment includes the analysis of South Korea, China, India, Australia & New Zealand, Singapore, Japan, and the rest of the Asia-Pacific. The fuel economy of battery electric vehicles (BEV) in Japan witnessed significant progress. Moreover, in order to attain fuel economy improvement, the Japan Automobile Manufacturers Association (JAMA) proposed four approaches: traffic flow improvement, fuel diversity, vehicle efficiency improvement, and efficient vehicle usage. The country’s government is also concentrating on a 50% reduction in CO2 emission by 2050 through developments in eco-driving, hybrid vehicles, electric vehicles, and others.

Singapore is anticipated to witness a boom in electric vehicle charging operators, owing to the efforts established towards expanding the country’s charging infrastructure for green cars. This is primarily undertaken amid moves by the government to gradually phase out internal combustion engine (ICE) vehicles by 2040. Furthermore, under the Singapore Green Plan unveiled in February, 60,000 electric vehicle charging points will be built at private premises and public car parks by 2030.

LG Energy Solutions comes under the top five companies with regard to battery manufacturers. It has a strong R&D team, and operates in three segments, ESS battery, mobility & IT battery, and advanced automotive battery. The company is headquartered in Seoul, South Korea, with marketing subsidiaries in Germany, Australia, and Taiwan, and manufacturing facilities in China, the US, and Poland.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASED SALES OF ELECTRIC VEHICLES
        • GOVERNMENTAL SUPPORT FOR ELECTRIC VEHICLE INDUSTRY
        • IMPROVEMENT IN BATTERY TECHNOLOGY
        • GROWING NUMBER OF PUBLIC CHARGING INFRASTRUCTURE
      • KEY RESTRAINTS
        • RAW MATERIAL PROCUREMENT PROBLEMS
        • HIGH CHARGING TIME
        • SAFETY CONCERNS ASSOCIATED WITH THE BATTERY
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON ELECTRIC VEHICLE BATTERY MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIAL MINING
        • BATTERY CELL
        • BATTERY MODULE
        • BATTERY PACK
        • END-USER
        • END OF LIFE PROCESSES
      • TECHNOLOGY ANALYSIS
        • LI-ION BATTERY BASED ON VARIATION IN CATHODE MATERIAL
          • NCM (LITHIUM-COBALT-MANGANESE-OXIDE)
          • NCA (LITHIUM NICKEL COBALT ALUMINUM OXIDE)
          • LFP (LITHIUM IRON PHOSPHATE)
        • SOLID STATE BATTERIES
      • RAW MATERIAL ANALYSIS
        • KEY RAW MATERIALS
        • COUNTRIES HAVING HIGH DEPOSITS OF KEY RAW MATERIALS
          • LITHIUM
          • MANGANESE
          • NICKEL
          • COBALT
          • GRAPHITE
    1. MARKET BY VEHICLE TYPE
      • BATTERY ELECTRIC VEHICLE
      • HYBRID ELECTRIC VEHICLE
      • PLUG-IN HYBRID ELECTRIC VEHICLE
    2. MARKET BY BATTERY TYPE
      • LEAD ACID
      • NICKEL METAL HYDRIDE
      • LITHIUM-ION
    3. MARKET BY END-USER
      • COMMERCIAL VEHICLE
      • PASSENGER CAR
      • OTHER
    4. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • MARKET SHARE ANALYSIS
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • A123 SYSTEMS
        • BYD
        • CALB
        • CATL
        • ENVISION AESC
        • GS YUASA
        • LG ENSOL
        • LITHIUM ENERGY JAPAN
        • NORTHVOLT AB
        • PANASONIC
        • PRIME PLANET ENERGY SOLUTIONS
        • SAMSUNG SDI
        • SK INNOVATION
        • TOSHIBA CORPORATION
        • ULTIUM CELLS LLC
        • VEHICLE ENERGY JAPAN CO LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE BATTERY

    TABLE 2: MAJOR ELECTRIC VEHICLE KEY RAW MATERIALS PRODUCERS

    TABLE 3: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY ELECTRIC VEHICLE BATTERY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY ELECTRIC VEHICLE BATTERY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: ELECTRIC VEHICLE SALES, IN UNITS, 2010-2020

    FIGURE 2: LITHIUM-ION BATTERY PRICE PER KWH (2010-2020)

    FIGURE 3: KEY MARKET TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: VALUE CHAIN ANALYSIS

    FIGURE 8: SNAPSHOT OF A TYPICAL NCM BATTERY

    FIGURE 9: SNAPSHOT OF A TYPICAL NCA BATTERY

    FIGURE 10: SNAPSHOT OF A TYPICAL LFP BATTERY

    FIGURE 11: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY ELECTRIC VEHICLE BATTERY, IN 2020

    FIGURE 12: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY BATTERY TYPE, IN 2020

    FIGURE 16: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY LEAD ACID, 2021-2028 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL METAL HYDRIDE, 2021-2028 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY LITHIUM-ION, 2021-2028 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 20: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY COMMERCIAL VEHICLE, 2021-2028 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CAR, 2021-2028 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, BY OTHER, 2021-2028 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 24: CHINA ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 25: JAPAN ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 26: INDIA ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 27: SOUTH KOREA ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 28: SINGAPORE ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 29: AUSTRALIA & NEW ZEALAND ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 30: REST OF ASIA-PACIFIC ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY VEHICLE TYPE
      • BATTERY ELECTRIC VEHICLE
      • HYBRID ELECTRIC VEHICLE
      • PLUG-IN HYBRID ELECTRIC VEHICLE
    2. MARKET BY BATTERY TYPE
      • LEAD ACID
      • NICKEL METAL HYDRIDE
      • LITHIUM-ION
    3. MARKET BY END-USER
      • COMMERCIAL VEHICLE
      • PASSENGER CAR
      • OTHER

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