Global Electric Vehicle Battery Market Size & Outlook
Global electric vehicle battery market, 2018-2030 (US$M)
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Global electric vehicle battery market highlights
- The global electric vehicle battery market generated a revenue of USD 61,311.0 million in 2024 and is expected to reach USD 198,861.7 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 21.7% by 2030.
- In terms of segment, lithium-ion battery accounted for a revenue of USD 41,353.5 million in 2024.
- Lithium-Ion Battery is the most lucrative battery type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 61,311.0 million |
| Market revenue in 2030 | USD 198,861.7 million |
| Growth rate | 21.7% (CAGR from 2025 to 2030) |
| Largest segment | Lithium-ion battery |
| Fastest growing segment | Lithium-Ion Battery |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-Ion Battery, Lead-Acid Battery |
Other key industry trends
- In terms of revenue, the North America accounted for 14.6% of the global electric vehicle battery market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 19,473.2 million by 2030.
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Electric Vehicle Battery Market Scope
Electric Vehicle Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Contemporary Amperex Technology | View profile | 10001+ | Xining, Qinghai, China, Asia | https://www.catl.com/en/ |
| Samsung | View profile | - | - | - |
| Panasonic Corporation | View profile | - | - | - |
| BYD Company | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | https://en.byd.com |
| SK on | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://eng.sk-on.com |
| LG Energy Solution | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgensol.com |
| EnerSys | View profile | 10797 | 2366 Bernville Road, Reading, PA, United States, 19605 | https://www.enersys.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Global electric vehicle battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle battery market will help companies and investors design strategic landscapes.
Lithium-ion battery was the largest segment with a revenue share of 67.45% in 2024. Horizon Databook has segmented the Global electric vehicle battery market based on lithium-ion battery, lead-acid battery covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Electric Vehicle Battery Battery Type Outlook (Revenue, USD Million, 2018-2030)
- Lithium-Ion Battery
- Lead-Acid Battery
- Others
- Global Electric Vehicle Battery Propulsion Type Outlook (Revenue, USD Million, 2018-2030)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Global Electric Vehicle Battery Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Two-Wheeler
- Passenger Cars
- Buses
- Commercial Light Duty Vehicles
- Three-Wheeler
- Four-Wheeler
- Others
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Our clientele includes a mix of electric vehicle battery market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global electric vehicle battery market , including forecasts for subscribers. This global databook contains high-level insights into Global electric vehicle battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global electric vehicle battery market size, by regions, 2018-2030 (US$M)
Top 10 countries: Electric vehicle battery market size, 2023 (US$M)
Global electric vehicle battery market share, by battery type, 2023 & 2030 (%, US$M)
Electric vehicle battery market: Opportunity assessment by country
Global electric vehicle battery market, by region, 2024 (US$M)
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