The Global Li-Ion Battery for AEVs Market size is projected to grow to USD 16.2 billion by 2028, at a CAGR of 7.6% from 2021-2028. The key factors driving the growth of this market are the increasing number of electric vehicles (HEVs, PHEVs, and BEVs) sales and the high demand for energy storage systems in buildings and industries worldwide.
Li-Ion Battery for AEVs is a type of rechargeable battery. It is used in various applications such as electric vehicles (HEVs, PHEVs, and BEVs) to provide power. It can also be used in the industrial sector where it stores energy from renewable sources to a grid storage system. In the future, Li-ion batteries are expected to replace lead-acid batteries for HEVs and PHEV due to their high capacity and low cost of operation. This will help boost the growth rate of the global Li-ion Battery Market for AEVs market size over the forecast period of 2021-2028.
On the basis of Type, the market is segmented into Cylindrical Cell, Prismatic Cell, Pouch Cell, and Secondary Cells.
Cylindrical Cell is one of three most widely used battery cell shapes, the other two being Prismatic Cell and Pouch Cell. They are also known as 18650 or flashlight cells because they fit inside a standard size AA or AAA flashlight. Cylindrical cells are the most commonly used type of battery for HEVs, PHEVs, and BEVs due to their higher energy density which is required in these applications.
A prismatic Cell is a cylindrical-shaped battery cell with one end cut off to allow room for the terminals. Prismatic cells are often used in laptop batteries and other types of rechargeable batteries because they can usually hold more energy than Cylindrical Cells or Pouch Cells, have lower self-discharge rates, and produce less heat when charging. In addition, prismatic cells have been gaining popularity as they can be assembled into modules or packs that offer a high power output with a long life span.
Prismatic batteries are currently being increasingly adopted by major players in this market such as BYD Company Limited (China) who has recently introduced its "e-bike" model equipped with an electric motor produced by Fuhrlander AG's subsidiary company Mabuchi Motor Co., Ltd.(Japan).
Pouch cells are flattened foil packages with no sidewalls. The flat shape means there’s more surface area within the same space as cylindrical cells which leads to higher power density per volume over prismatic cells but does not offer the same protection against short circuits. Pouch Cell batteries have also been gaining traction in the market for their flexibility and ability to be fitted into confined spaces of AEVs such as UAVs.
A secondary cell has been used to power electrical devices and provides backup power for primary cells, such as disposable zinc-air or alkaline batteries found in most household smoke detectors. Batteries are often separated into two categories: Primary Cells that have no replaceable parts; and Secondary Cells which do have replaceable parts like the cathode electrode(s), electrolyte, separator (spacer) material, covering foil, and protective case. However, with the development of nanotechnology, there will be less use of these types of batteries due to their low energy density capacity because they require more volume than other battery formats for storing charge.
On the basis of Application, the market is segmented into HEVs, PHEVs, and BEVs. Li-ion battery as a power source is increasingly used for HEVs and PHEVs segment with a capacity of 48-230 kWh, both accounting for up to 20% share by 2028. Growth is expected to be driven by the introduction of new models such as Nissan Leaf II (2020) Tesla Model S III (2020), Audi E-Tron Quattro Concept (2019). Moreover, technological advancements like the HEV energy management system which optimizes the use of Li-ion batteries are also anticipated to positively impact adoption rates. In addition, fuel cell electric vehicles (FCEV) offer an alternative solution but currently, FCEVs have a limited production scale due to high costs per kWh.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East Africa. In the region of North America, U.S is one of the leading countries in this market owing to its advanced infrastructure and expanding usage for HEVs and PHEVs segment with a capacity range between 48-230 kWh. The Asia Pacific market is expected to witness substantial growth owing to the increasing adoption of BEVs vehicles in countries such as Japan, China, and India.
The European market is expected to grow in the coming years owing to the increasing adoption of BEVs vehicles such as Renault Zoe, Tesla Model S, and BMW I series. The Middle East & Africa market is expected to witness significant growth due to the growing need for HEVs and PHEVs segment with a capacity range between 48-230 kWh. The Latin American market will be driven by countries such as Brazil that have emission standards designed that mandate zero-emission car from 2020 onwards. Mexico is anticipated to also experience strong demand on account of its continuously improving infrastructure with a focus on light electric vehicle (LEV) solutions including public transportation systems such as bus fleets which are powered by LEVs.
Up Market Research published a new report titled “Li ion Battery for AEVs Market research report which is segmented by Types (Cylindrical Cell, Prismatic Cell, Pouch Cell, Secondary Cell, Battery Module), By Applications (HEVs, PHEVs, BEVs), By Players/Companies AESC, Blue Energy, Hitachi, LG Chem, Panasonic, Toshiba, Deutsche ACCUmotive, Samsung SDI, Johnson Controls, Sony, A123 Systems, Shenzhen BAK battery”.
|Report Attributes||Report Details|
|Report Title||Li ion Battery for AEVs Market Research Report|
|By Type||Cylindrical Cell, Prismatic Cell, Pouch Cell, Secondary Cell, Battery Module|
|By Application||HEVs, PHEVs, BEVs|
|By Companies||AESC, Blue Energy, Hitachi, LG Chem, Panasonic, Toshiba, Deutsche ACCUmotive, Samsung SDI, Johnson Controls, Sony, A123 Systems, Shenzhen BAK battery|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||247|
|Number of Tables & Figures||173|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Cylindrical Cell, Prismatic Cell, Pouch Cell, Secondary Cell, Battery Module and By Application HEVs, PHEVs, BEVs.
Some of the companies that are profiled in this report are:
Li ion Battery for AEVs Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Li ion Battery for AEVs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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