Market Overview

Global EV Li-ion Battery Market 2018-2022| 22% CAGR Projection Over the Next Four Years| Technavio


The global EV Li-ion battery market is expected to post a CAGR of nearly 22%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global EV Li-ion battery market from 201 ...

Technavio has published a new market research report on the global EV Li-ion battery market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the declining EV
battery prices. The manufacturing cost of EVs is almost double compared
with conventional vehicles. A major portion of the costs incurred is
associated with the battery and electronics. However, EV costs are
expected to decline significantly as the manufacturing cost of batteries
is decreasing. The cost of battery packs has fallen in the past years as
the scale of production has increased tremendously. This can be
attributed to the development of cost-effective production methods by

This market research report on the global
EV Li-ion battery market 2018-2022
also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

In this report, Technavio highlights the growing need for
environment-friendly vehicles as one of the key emerging trends in the
global EV Li-ion battery market:

Global EV Li-ion battery market: Growing need
for environment-friendly vehicles

Green vehicles can be powered by advanced vehicle technologies and
alternative fuels. They include plug-in HEVs, HEVs, BEVs, hydrogen and
fuel cell vehicles, natural gas vehicles, and ethanol vehicles. Some
vehicles use blends of biodiesel and ethanol fuel or gasohol. EVs have
been gaining high traction in the recent years because of the growing
need for environment-friendly vehicles. An EV requires a sizeable
battery pack to store energy. Typically, EVs are loaded with a 16-30 kWh
battery. The use of EVs decreases the dependency on fossil fuel energy
sources, such as petroleum or diesel.

"The emissions from EVs are very low, which is a major
differentiating factor from traditional automotive vehicles. Harmful
emissions pollute the environment and cause severe smog, which leads to
health problems. EVs have almost zero emissions. EVs can be changed
using renewable energy sources, such as photovoltaic cells. The world is
becoming aware of the growing concerns over climate changes. People are
switching to the use of alternatives to keep the environment safe,"
a senior analyst at Technavio for research on energy storage.

Global EV Li-ion battery market: Segmentation

This market research report segments the global EV Li-ion battery market
by application (BEV and PHEV) and geographical regions (APAC, EMEA, and
the Americas).

The BEV segment held the largest market share in 2017, accounting for
nearly 72% of the market. This application segment is expected to
dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 63%. The
region is expected to dominate the market through 2022, with an increase
in its market share.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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