Global EV Battery Market Comprehensive Analysis and Forecast 2025 to 2030

Global EV Battery Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-2030
The Global EV Battery Market size was valued at USD 132.5 billion in 2023 & is projected to reach USD 495.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2025-30. The Global EV Battery Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Global EV Battery Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Global EV Battery Market drivers, barriers, Global EV Battery Market Trends, and Key Players in Global EV Battery Market.
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Global EV Battery Market Dynamics: 2025-2030
Global EV Battery Market Opportunity:
Emergence of Battery-as-a-Service Model – The Battery-as-a-service model is emerging as a concrete approach and solution to the high cost of electric vehicles worldwide. The model allows the consumers to subscribe or lease the electric vehicle battery separately from the vehicle itself, thereby reducing the overall cost of electric vehicles and increasing overall affordability. Moreover, the concerns about battery degradation and high replacement costs are also alleviated by the BaaS model, as the service providers handle all these maintenance and upgrade costs. Various automobile manufacturers, start-ups, battery providers, etc., have been providing this model under their offerings to reduce the cost burden on consumers prompting electric vehicle adoption globally.

These models would be more economically viable for the consumers. As a result, they would continue to adopt the BaaS services. Along with it, this service model addresses the concerns about battery longevity, health, performance, degradation, replacements, etc., which would help to gain consumer trust and confidence. This, in turn, would create significant market opportunities in the Global Electric Vehicle Battery Market and surge market growth in forecast years.
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Global EV Battery Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Battery Type
-Lithium-Ion- Market Size & Forecast 2020-2030F, (Thousand Units)
-Lead-Acid- Market Size & Forecast 2020-2030F, (Thousand Units)
-Nickel-Metal Hydride- Market Size & Forecast 2020-2030F, (Thousand Units)
-Others (Sodium Ion, Solid-State)- Market Size & Forecast 2020-2030F, (Thousand Units)
By Battery Capacity
-<50 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
-50-110 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
-111-200 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
-201-300 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
->300 KWh- Market Size & Forecast 2020-2030F, (Thousand Units)
By Battery Form
-Prismatic- Market Size & Forecast 2020-2030F, (Thousand Units)
-Pouch- Market Size & Forecast 2020-2030F, (Thousand Units)
-Cylindrical - Market Size & Forecast 2020-2030F, (Thousand Units)
By Propulsion Type
-Battery Electric Vehicle (BEV)- Market Size & Forecast 2020-2030F, (Thousand Units)
-Plug-In Hybrid Electric Vehicle (PHEV)- Market Size & Forecast 2020-2030F, (Thousand Units)
-Fuel-Cell Electric Vehicle- Market Size & Forecast 2020-2030F, (Thousand Units)
-Hybrid Vehicle- Market Size & Forecast 2020-2030F, (Thousand Units)
By Vehicle Type
-Two-wheeler- Market Size & Forecast 2020-2030F, USD Million
-Passenger Cars- Market Size & Forecast 2020-2030F, USD Million
-Commercial Vehicles- Market Size & Forecast 2020-2030F, USD Million
-Vans/Light Trucks- Market Size & Forecast 2020-2030F, USD Million
-Medium & Heavy Trucks- Market Size & Forecast 2020-2030F, USD Million
-Buses- Market Size & Forecast 2020-2030F, USD Million
-Off-Highway Vehicles- Market Size & Forecast 2020-2030F, USD Million
By Method
-Wire Bonding- Market Size & Forecast 2020-2030F, (Thousand Units)
-Laser Bonding- Market Size & Forecast 2020-2030F, (Thousand Units)
-Ultrasonic Bonding - Market Size & Forecast 2020-2030F, (Thousand Units)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
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Top Companies Operating in the Global EV Battery Market:
Contemporary Amperex Technology Co., Limited, LG Energy Solutions, BYD Company Limited, Panasonic Corporation, Toshiba Corporation, Mitsubishi Corporation, Enersys, SK Inc., CALB, Gotion Inc, Sunwoda Electronic Co. Ltd, Farasis Energy, Vehicle Energy Japan, Inc, Exide Industries, Primearth EV Energy Co., Ltd, Others.
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