Market Overview:

The Electric Vehicle Battery Market size is estimated to reach $243.75 Million by 2031, growing at a CAGR of 20.31% during the forecast period 2025-2031, according to a recent report published by IndustryARC, titled, “Electric Vehicle Battery Market – By Battery Type (Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries, Ultracapacitors and Others), By Battery Capacity (<50 kWh, 51-100 kWh, 101-300 kWh and >300 kWh), By Electric Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and Fuel cell Electric vehicle), By Application (Electric cars (Passenger Cars and Commercial Cars and Others), Electric scooters and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2025 – 2031”.

For More Queries About "Electric Vehicle Battery Market " @ https://www.industryarc.com/reports/request-quote?id=17131

Scope of the Report: 

      Report Metric

                        Details

Base Year Considered

2024

Forecast Period

2025–2031

CAGR

20.31%

Market Size in 2031

$243.75 Million

Segments Covered

Battery Type, Battery Capacity, Electric Vehicle Type, Application and Region
 

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa) 


 

Key Market Players
  1. Contemporary Amperex Technology Co. Limited (CATL)
  2. BYD Co. Ltd.
  3. LG Energy Solution
  4. Panasonic Corporation
  5. SK On
  6. Samsung SDI
  7. China Aviation Lithium Battery Co. (CALB)
  8. Gotion High-Tech
  9. Farasis Energy
  10. Envision AESC

 

 
    

Recent Developments:

  • The electric vehicle battery market has seen significant technological strides, particularly in battery chemistry innovations that enhance energy density, charging speed, and safety. Manufacturers are advancing beyond conventional lithium-ion systems to explore solid-state and lithium-sulfur technologies, these developments promise higher performance and extended lifecycles, addressing key limitations like thermal runaway and degradation.
  • Manufacturers are also investing in recycling technologies to recover valuable materials and reduce environmental waste. Lifecycle analyses and green certification programs are being integrated into production practices to minimize carbon footprints. Efforts to repurpose used batteries for second-life applications in energy storage systems further extend their utility, these initiatives not only address the end-of-life challenges associated with battery disposal but also contribute to a circular economy, reinforcing the market’s commitment to sustainability.
  • In December 2023, Panasonic Energy Co., Ltd. partnered with Sila for next-gen silicon anode material procurement for EV batteries. This collaboration aims to enhance battery performance, reflecting Panasonic's commitment to advancing electric mobility technology in North America.

Electric Vehicle Battery Market: Competitive Landscape

Key companies profiled in the Electric Vehicle Battery Market are:

Contemporary Amperex Technology Co. Limited (CATL)

  1. BYD Co. Ltd.
  2. LG Energy Solution
  3. Panasonic Corporation
  4. SK On
  5. Samsung SDI
  6.  China Aviation Lithium Battery Co. (CALB)
  7. Gotion High-Tech
  8. Farasis Energy
  9.  Envision AESC

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

Contact Us:

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA: (+1) 518-282-4727