Asia-Pacific EV Battery Market Report to 2029: Growing Deployment of Battery-as-a-Service Presents Opportunities – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Asia-Pacific EV Battery Market by Type, Capacity, Bonding Type, Form, Application, End User, and Country – Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
This research report provides an in-depth analysis of the Asia-Pacific EV batteries market and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2029. The Asia-Pacific EV Batteries Market is expected to reach a value of $120.90 billion by 2029, at a CAGR of 23.3% during the forecast period 2022-2029.
The growth of this market is mainly attributed to factors such as increasing adoption of EVs, decreasing battery prices, and increasing investment by leading automotive OEMs to secure battery supply chains for their future electric vehicles. Increasing adoption of electric mobility in emerging economies, growing investments in developing lithium-ion battery capacity, and growing deployment of battery-as-a-service provide significant growth opportunities for players operating in this market.
The study offers a comprehensive analysis of the Asia-Pacific EV batteries market based on type (lithium-ion batteries, sealed lead acid batteries, nickel-metal hydride batteries, ultracapacitors, solid-state batteries, and other batteries), capacity (less than 50 kWh, 51 kWh to 100 kWh, 101 kWh to 300 kWh, and more than 300 kWh), bonding type (wire bonding and laser bonding), form (prismatic, cylindrical, and pouch), application (electric cars, light commercial vehicles, heavy commercial vehicles, e-scooters and motorcycles, and e-bikes), end user (electric vehicle OEMs and battery swapping stations), and country. This study also evaluates industry competitors and analyzes the market at the country level.
A solid-state battery has a higher energy density than a Li-ion battery that uses liquid electrolyte solution. The solid electrolyte used in a solid-state battery provides increased safety due to its non-volatile and non-flammable components, in contrast to the liquid electrolytes found in lithium-ion batteries. A solid-state battery also effectively increases the energy density per unit area as compared to lithium-ion batteries. Due to such properties, a solid-state battery pack has a higher capacity than a lithium-ion battery of the same size. Hence, these are some of the major factors attributed to the high market growth of this segment.
Key Questions Answered in the Report
- Which are the high-growth market segments in terms of type, capacity, bonding type, form, application, end-user, and country?
- What is the historical market size for the Asia-Pacific EV batteries market?
- What are the market forecasts and estimates for the period 2022-2029?
- What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific EV batteries market?
- Who are the major players in operating the market, and what share of the market do they hold?
- How is the competitive landscape for the Asia-Pacific EV batteries market?
- What are the recent developments in the Asia-Pacific EV batteries market?
- What are the different strategies adopted by the major players operating in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the Asia-Pacific EV batteries market, and how do they compete with the other players?
Market Dynamics
Drivers
- Increasing Adoption of EVs in Emerging Economies
- Increasing Investments by Leading Automotive OEMs to Set Up Battery Manufacturing Facilities in the Region
- Rising Government Initiatives to Support EV and EV Battery Manufacturing in the Region
Opportunities
- Growing Deployment of Battery-as-a-Service
Challenges
- High Import Cost of Raw Materials for Battery Manufacturing
- Less Energy Density of Batteries
Companies Mentioned
- SK Innovations Co. Ltd. ( South Korea)
- LG Chem Ltd (South Korea)
- Farasis Energy (GanZhou) Co. Ltd. (China)
- SVOLT Energy Technology Co. Ltd. (China)
- BYD Company Limited (China)
- Samsung SDI Co. Ltd. (South Korea)
- GS Yuasa International Ltd. (Japan)
- Vehicle Energy Japan Inc. (Japan)
- Contemporary Amperex Technology Co. Limited (CATL) (China)
- A123 Systems LLC (China)
- Exide Industries Ltd. (India)
- Primearth EV Energy Co. Ltd. (Japan)
- E-One Moli Energy Corp. (Taiwan)
Scope of the Report
Asia-Pacific EV Batteries Market, by Type
- Lithium-ion Batteries
- Sealed Lead Acid Batteries
- Nickel-Metal Hydride Batteries
- Ultracapacitors
- Solid-State Batteries
- Other Batteries
Asia-Pacific EV Batteries Market, by Capacity
- Less Than 50 kWh
- 51 kWh to 100 kWh
- 101 kWh to 300 kWh
- More Than 300 kWh
Asia-Pacific EV Batteries Market, by Bonding Type
- Wire Bonding
- Laser Bonding
Asia-Pacific EV Batteries Market, by Form
- Prismatic
- Cylindrical
- Pouch
Asia-Pacific EV Batteries Market, by Application
- Electric Cars
- Battery Electric Vehicles
- Lithium-ion Batteries
- Nickel-Metal Hydride Batteries
- Ultracapacitors
- Solid-state Batteries
- Other Batteries
- Plug-in Hybrid Electric Vehicles
- Lithium-ion Batteries
- Ultracapacitors
- Solid-state Batteries
- Other Batteries
- Pure Hybrid Electric Vehicles
- Lithium-ion Batteries
- Nickel-Metal Hydride Batteries
- Ultracapacitors
- Solid-State Batteries
- Other Batteries
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- E-scooters & Motorcycles
- E-bikes
Asia-Pacific EV Batteries Market, by End User
- Electric Vehicle OEMs
- Battery Swapping Stations
Asia-Pacific EV Batteries Market, by Country
- China
- Japan
- South Korea
- Thailand
- Indonesia
- India
- Taiwan
- Philippines
- Malaysia
- Singapore
- Australia
- New Zealand
- Rest of Asia-Pacific
For more information about this report visit https://www.researchandmarkets.com/r/l8qv9o
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