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Asia Pacific EV Battery Market
Asia-Pacific EV Battery Market by Type (Li-ion, Ni-MH, SLA, Ultracapacitors, Solid-state Batteries), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Bonding Type (Wire, Laser), Form, Application, End User, and Country - Forecast to 2029
Report ID:MRAUTO - 104529 Pages: 215 Apr-2022 Formats*: PDF Category: Automotive and Transportation Delivery: 2 to 4 HoursThe Asia-Pacific EV Battery Market is expected to reach a value of $120.9 billion by 2029, at a CAGR of 23.3% during the forecast period 2022–2029. The increasing adoption of EVs in emerging economies, growing investments by leading automotive OEMs to set up battery manufacturing facilities in the region, and rising government initiatives to support EV and EV battery manufacturing in the region are some of the major factors driving the growth of this market. The growing deployment of battery-as-a-service provides significant growth opportunities for players operating in this market.
The Impact of COVID-19 on the Asia-Pacific EV Battery Market
The COVID-19 pandemic has severely impacted several sectors, including the automotive sector, with major manufacturers temporarily shutting down their operations or operating with limited capacities in accordance with the directives issued by their respective governments. The energy materials and renewable generation and conversion industry are no exception, including battery-powered electric vehicles, grid storage, and personal electronic devices. These factors caused a severe decline in overall electric vehicle sales, which directly affected the sales of EV batteries.
The electric vehicle batteries market in Asia-Pacific was severely affected as developing countries in the Asia-Pacific region witnessed a sharp decline in their economy due to low consumer demands, disrupted supply chain of batteries and other materials, and increased prices for essential commodities. The adoption of EVs also decreased significantly, thereby affecting the EV batteries market.
In addition, various automotive OEMs halted their plans due to the pandemic. For instance, LG Chem halted its lithium-ion battery project in India as the auto sector struggled amidst the ongoing COVID-19 pandemic. Also, in April 2020, Ford Motor Co. and Plymouth-based electric vehicle startup Rivian Automotive LLC canceled their plans to develop a new electric vehicle for the Lincoln luxury brand due to the COVID-19 outbreak.
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Increasing Adoption of EVs In Emerging Economies
EVs have witnessed rapid evolution due to the ongoing developments in the automotive sector. The rising consumer preference for shared mobility, growing adoption of mobility-as-a-service (MaaS), declining costs of high-capacity batteries, and significant investments by EV manufacturers are fueling the adoption of electric mobility in emerging economies.
Supportive government incentives in the form of tax reductions and grants for residential and commercial infrastructure are encouraging the adoption of electric mobility. These developments are expected to support the growth of EVs across the globe in the coming years. China’s EV market is growing significantly with extensive government support and expansion in charging infrastructures. In 2020, China recorded sales of 1.3 million EVs, attributing to an increase in the adoption of the Tesla Model 3 and the Hongguang Mini. Increasing government efforts to push EV sales to 25% of the car sales by 2025 has driven this market’s growth considerably in China. To achieve the set target, the government had extended the tax exemptions for purchasing an EV by 2023.
Similarly, South Korea is a growing automobile market and a leading country in Asia-Pacific. The sales of electric and hybrid vehicles in South Korea reached 17,992 units in January 2021, and exports reached 32,053 units. The country's electric and hybrid vehicle exports reached a record-high of 276,000 units in 2020. Moreover, automotive OEMs are increasingly launching new EVs in the market. For instance, Tesla launched the Model–Y and updated Tesla Model 3 in 2021. Additionally, Tesla Korea announced plans to establish supercharger stations in 27 locations across the country and eight maintenance centers nationwide. In 2021, Hyundai launched its Ioniq 5 midsize electric crossover with a maximum driving range of about 480 km (298 miles).
Growing investments by leading investors worldwide in the Indian EV market are anticipated as opportunities for this market's stakeholders. In 2019, India's EV start-ups' investment soared to $406 million from $20 million in 2017. Ola Electric raised around $300 million of that investment leading the company to establish its mark in the Indian EV market. Also, the company has partnered with numerous battery manufacturers and OEMs to work in accordance with the automotive industry and create seamless solutions for EV operations. These developments are expected to support the growth of EVs across the globe in the coming years, which will boost the demand for electric batteries in the market.
Key Findings in the Asia-Pacific EV Battery Market Study :
The Solid-state Battery Segment Projected to Grow at Fastest Rate Once Commercialized
Based on type, the solid-state battery segment is expected to grow faster once it gets commercialized. As per Meticulous Research Analysis, the commercialization of solid-state batteries is expected to occur from 2025. 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.
The 101kWh to 300kwh Segment Projected to Grow at Highest CAGR During Forecast Period
The 101kWh to 300kWh segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly because 101kWh to 300kWh power capacity batteries are widely used in medium EVs such as light commercial vehicles and utility vehicles.
The adoption of EVs is increasing due to the rise in fuel prices and government initiatives to lower fleet emissions of logistics and public transportation. Also, the increasing launch of new EVs by automotive OEMs for electrification of logistics and public transport fleets and increasing adoption of electric vehicles by e-commerce companies such as Amazon and UPS are expected to support the growth of the market during the forecast period.
The Laser Bonding Segment to Grow at Significant Pace During Forecast Period
Based on bonding type, the laser bonding segment is expected to grow at the highest CAGR during the forecast period. The high market growth of this segment is mainly attributed to the numerous advantages of laser-welded bonds, such as its ability to withstand higher currents, offer narrow welds, high welding speed, and low heat level, which is important for battery tab welding since the chemicals within the batteries are heat-sensitive. Laser welding is a reliable technology to connect battery cells and achieve fast, automated, precise production of battery pack conductive joints. Lasers also offer the advantages of precision and non-contact welding, which can be adapted to fit small areas with low accessibility using a concentrated heat source.
The Pouch Segment to Grow at Significant Pace During Forecast Period
Based on form, the pouch segment is expected to grow at the highest CAGR during the forecast period. The high market growth of this segment is attributed to its higher energy density compared to the same weight of prismatic cells, more safety performance, and lower internal resistance. A pouch cell’s energy storage capacity is much greater in a given physical space than cylindrical cells. Leading automotive and battery OEMs are investing in pouch cell formats for powering their upcoming EVs. For instance, in April 2020, General Motors and LG Energy Solution announced a joint venture to supply large-format pouch cells for GM’s Ultium battery strategy to power the upcoming GMC Hummer EV models and a Chevrolet Silverado EV in 2023.
Light Commercial Vehicle Segment Projected to Grow at Highest CAGR During Forecast Period
Based on application, the light commercial vehicle segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment during the forecast period is attributed to the increasing shift of retail MNCs and transport fleet operators to electric light commercial vehicles, growing awareness regarding the role of electric vehicles in reducing emissions, increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards vehicle emissions. The mass production of batteries and the attractive tax incentives offered by governments have further brought down vehicle costs, making electric light commercial vehicles much more cost-effective.
Battery Swapping Stations Segment Projected to Grow at Highest CAGR During Forecast Period
Based on end user, the battery swapping stations segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to the benefits offered by battery swapping services, such as reduction of EV acquisition costs and increased battery lifespan. The increase in battery swapping services by various automotive start-up companies also contributes to the market growth of this segment. Also, other mobility stakeholders such as oil refining companies are partnering with e-mobility start-ups to set up battery swapping stations, which is expected to significantly boost the market growth of this segment.
Thailand to Be the Fastest-growing Regional Market
China is expected to account for the largest share of the APAC EV battery market in 2021, followed by Japan, South Korea, and Thailand. However, Thailand is expected to witness the fastest market growth during the forecast period, followed by Indonesia. The major factor attributed to Thailand’s high market growth rate is the growing production of EV batteries through manufacturing plants operated by SAIC, Honda, Toyota, and Mercedes.
Indonesia is also expected to witness significant market growth during the forecast period. The factors attributed to the high market growth in this country are the availability of raw availability needed for EV batteries production and growing company initiatives for the development of EV batteries.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the APAC electric vehicle battery market over the last four years. The key players profiled in the Asia-Pacific EV batteries market are 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), and E-One Moli Energy Corp. (Taiwan).
Scope of the Report
Asia-Pacific EV Battery Market, by Type
- Lithium-ion Batteries
- Sealed Lead Acid Batteries
- Nickel-Metal Hydride Batteries
- Ultracapacitors
- Solid-State Batteries
- Other Batteries
Asia-Pacific EV Battery Market, by Capacity
- Less Than 50 kWh
- 51 kWh to 100 kWh
- 101 kWh to 300 kWh
- More Than 300 kWh
Asia-Pacific EV Battery Market, by Bonding Type
- Wire Bonding
- Laser Bonding
Asia-Pacific EV Battery Market, by Form
- Prismatic
- Cylindrical
- Pouch
Asia-Pacific EV Battery 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
- Battery Electric Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- E-scooters & Motorcycles
- E-bikes
Asia-Pacific EV Battery Market, by End User
- Electric Vehicle OEMs
- Battery Swapping Stations
Asia-Pacific EV Battery Market, by Country
- China
- Japan
- South Korea
- Thailand
- Indonesia
- India
- Taiwan
- Philippines
- Malaysia
- Singapore
- Australia
- New Zealand
- Rest of Asia-Pacific
Key Questions Answered in the Report:
The Asia-Pacific EV batteries market report covers the market size & forecasts for the EV batteries by type, capacity, bonding type, form, application, end-user, and country. The Asia-Pacific EV batteries market study in this report involves the value analysis of various segments and sub-segments of the Asia-Pacific EV Batteries Market at regional and country levels.
The Asia-Pacific EV batteries market is projected to reach a value of $120.90 billion by 2029, at a CAGR of ~23.3% during the forecast period.
Based on the type, the lithium-ion battery segment is expected to account for the largest share of the Asia-Pacific EV batteries market in 2022.
Based on application, the light commercial vehicles segment is expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the increasing shift of retail MNCs and transport fleet operators to electric light commercial vehicles, growing awareness regarding the role of electric vehicles in reducing emissions, increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards vehicle emissions. The mass production of batteries and the attractive tax incentives offered by governments have further brought down vehicle costs, making electric light commercial vehicles much more cost-effective.
Factors such as increasing adoption of EVs, decreasing battery prices, and growing investment by leading automotive OEMs to secure the battery supply chain for their future electric vehicles support this market's growth. Moreover, increasing adoption of electric mobility in emerging economies in the region, growing investments in developing lithium-ion battery capacity, and growing deployment of battery-as-a-service are expected to create lucrative opportunities for players operating in this market.
Southeast Asian countries are expected to offer lucrative growth opportunities for APAC EV battery OEMs during the forecast period.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.2.3. Market Size Estimation
3. Executive Summary
4. COVID-19 Impact Assessment
4.1. Scenario A: Severe Impact
4.2. Scenario B: Moderate Recovery
4.3. Scenario C: Fast Recovery
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.1.1. Increasing Adoption of EVs in Emerging Economies
5.2.1.2. Increasing Investments by Leading Automotive OEMs to Set Up Battery Manufacturing Facilities in the Region
5.2.1.3. Rising Government Initiatives to Support EV and EV Battery Manufacturing in the Region
5.2.2. Opportunities
5.2.2.1. Growing Deployment of Battery-as-a-Service
5.2.3. Challenges
5.2.3.1. High Import Cost of Raw Materials for Battery Manufacturing
5.2.3.2. Less Energy Density of Batteries
5.3. Value Chain Analysis
5.4. Technology Analysis
5.4.1. Improvement in Battery Composition
5.4.2. Improvement in Battery Charging Rate
5.4.3. Improvement in Battery Optimization
5.4.4. Battery Design and Location in EV
5.5. Patent Analysis
5.6. Raw Material Analysis
6. Asia-Pacific Electric Vehicle Batteries Market, by Type
6.1. Introduction
6.2. Lithium-Ion Battery
6.3. Sealed Lead Acid Battery
6.4. Nickel-Metal Hydride Battery
6.5. Ultracapacitors
6.6. Solid-State Battery
6.7. Other Battery Types
7. Asia-Pacific Electric Vehicle Batteries Market, by Capacity
7.1. Introduction
7.2. 51kWh to 100kWh
7.3. Less than 50kWh
7.4. 101kWh to 300kWh
7.5. More than 300kWh
8. Asia-Pacific Electric Vehicle Batteries Market, by Bonding Type
8.1. Introduction
8.2. Wire Bonding
8.3. Laser Bonding
9. Asia-Pacific Electric Vehicle Batteries Market, by Form
9.1. Introduction
9.2. Prismatic
9.3. Pouch
9.4. Cylindrical
10. Asia-Pacific Electric Vehicle Batteries Market, by Application
10.1. Introduction
10.2. Electric Cars
10.2.1. Battery Electric Vehicles
10.2.2. Pure Hybrid Electric Vehicles
10.2.3. Plug-in Hybrid Electric Vehicles
10.3. E-Bikes
10.4. Light Commercial Vehicles
10.5. Heavy Commercial Vehicles
10.6. E-Scooters & Motorcycles
11. Asia-Pacific Electric Vehicle Batteries Market, by End User
11.1. Introduction
11.2. Electric Vehicle OEMs
11.3. Battery Swapping Stations
12. Asia-Pacific EV Battery Market, by Geography
12.1. Introduction
12.1.1. China
12.1.2. Japan
12.1.3. South Korea
12.1.4. Taiwan
12.1.5. India
12.1.6. Thailand
12.1.7. Indonesia
12.1.8. Philippines
12.1.9. Malaysia
12.1.10. Singapore
12.1.11. Australia
12.1.12. New Zealand
13. Competitive Landscape
13.1. Introduction
13.2. Key Growth Strategies
13.3. Market Share Analysis (2021)
13.3.1. LG Chem, Ltd.
13.3.2. Contemporary Amperex Technology Co., Limited (CATL)
13.3.3. Panasonic Corporation
14. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
14.1. SK Innovation Co., Ltd.
14.2. LG Chem, Ltd.
14.3. Farasis Energy(Ganzhou) Co., Ltd.
14.4. SVOLT Energy Technology Co., Ltd.
14.5. BYD Company Limited
14.6. Samsung SDI Co., Ltd.
14.7. GS Yuasa International Ltd.
14.8. Vehicle Energy Japan Inc.
14.9. Northvolt AB
14.10. Panasonic Corporation
14.11. Contemporary Amperex Technology Co. Limited
14.12. A123 Systems, LLC
14.13. Exide Industries Limited
14.14. Primearth EV Energy Co., Ltd.
14.15. E-One Moli Energy Corp.
15. Appendix
15.1. Questionnaire
15.2. Available Customization
List of Tables
Table 1 Impact of COVID-19 on the APAC Electric Vehicle Battery Market (USD Million)
Table 2 APAC Electric Vehicle Battery Market Size, by Type, 2020–2029 (USD Million)
Table 3 Asia-Pacific Lithium-Ion EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 4 Asia-Pacific Sealed Lead Acid EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 5 Asia-Pacific Nickel-Metal Hydride EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 6 Asia-Pacific Ultracapacitors EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 7 Asia-Pacific Solid-State EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 8 Asia-Pacific Market Size for Other Battery Types, by Country, 2020–2029 (USD Million)
Table 9 APAC Electric Vehicle Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 10 Asia-Pacific 51kWh to 100kWh EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 11 Asia-Pacific Less Than 50kWh EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 12 Asia-Pacific 101kWh to 300kWh EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 13 Asia-Pacific More than 300kWh EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 14 Asia-Pacific EV Battery Market Size, by Bonding Type, 2020–2029 (USD Million)
Table 15 Asia-Pacific Wire Bonding EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 16 Asia-Pacific Laser Bonding EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 17 APAC EV Battery Market Size, by Form, 2020–2029 (USD Million)
Table 18 Asia-Pacific Prismatic EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 19 Asia-Pacific Pouch EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 20 Asia-Pacific Cylindrical EV Batteries Market Size, by Country, 2020–2029 (USD Million)
Table 21 APAC EV Battery Market Size, by Application, 2020–2029 (USD Million)
Table 22 APAC EV Battery Market Size for Electric Cars, by Type, 2020–2029 (USD Million)
Table 23 Asia-Pacific EV Battery Market Size for Electric Cars, by Country, 2020–2029 (USD Million)
Table 24 Asia-Pacific EV Battery Market Size for Battery Electric Vehicles, by Type, 2020–2029 (USD Million)
Table 25 APAC EV Battery Market Size for Battery Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 26 Asia-Pacific Lithium-Ion EV Batteries Market Size for Battery Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 27 Asia-Pacific Nickel-Metal Hydride EV Batteries Market Size for Battery Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 28 Asia-Pacific Ultracapacitors EV Batteries Market Size for Battery Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 29 Asia-Pacific Solid-State Batteries EV Batteries Market Size for Battery Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 30 Asia-Pacific Other Battery Types Market Size for Battery Electric Vehicles, by Country2020–2029 (USD Million)
Table 31 APAC EV Battery Market Size for Pure Hybrid Electric Vehicles, by Type, 2020–2029 (USD Million)
Table 32 APAC EV Battery Market Size for Pure Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 33 Asia-Pacific Lithium-Ion EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 34 Asia-Pacific Nickel-Metal Hydride EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 35 Asia-Pacific Ultracapacitors EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 36 Asia-Pacific Solid-State Batteries EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 37 Asia-Pacific Other EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 38 Asia-Pacific EV Battery Market Size for Plug-in Hybrid Electric Vehicles, by Type, 2020–2029 (USD Million)
Table 39 Asia-Pacific EV Battery Market Size for Plug-in Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 40 Asia-Pacific Lithium-Ion EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 41 Asia-Pacific Ultracapacitors EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 42 Asia-Pacific Solid-State Batteries EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 43 Asia-Pacific Other EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Country, 2020–2029 (USD Million)
Table 44 APAC EV Battery Market Size for E-Bikes, by Country, 2020–2029 (USD Million)
Table 45 APAC EV Battery Market Size for Light Commercial Vehicles, by Country, 2020–2029 (USD Million)
Table 46 APAC EV Battery Market Size for Heavy Commercial Vehicles, by Country, 2020–2029 (USD Million)
Table 47 APAC EV Battery Market Size for E-Scooters & Motorcycles, by Country, 2020–2029 (USD Million)
Table 48 APAC EV Battery Market Size, by End User, 2020–2029 (USD Million)
Table 49 Asia-Pacific EV Battery Market Size for Electric Vehicle OEMS, by Country, 2020–2029 (USD Million)
Table 50 Asia-Pacific EV Battery Market Size for Battery Swapping Stations, by Country, 2020–2029 (USD Million)
Table 51 China: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 52 China: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 53 China: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 54 China: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 55 China: EV Batteries Market Size, by Application, 2020-2029 (USD Million)
Table 56 China: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 57 China: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 58 China: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 59 China: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 60 China: EV Batteries Market Size, by End User, 2020-2029 (USD Million)
Table 61 Japan: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 62 Japan: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 63 Japan: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 64 Japan: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 65 Japan: EV Batteries Market Size, by Application, 2020-2029 (USD Million)
Table 66 Japan: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 67 Japan: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 68 Japan: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 69 Japan: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029(USD Million)
Table 70 Japan: EV Batteries Market Size, by End User, 2020-2029 (USD Million)
Table 71 South Korea: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 72 South Korea: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 73 South Korea: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 74 South Korea: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 75 South Korea: EV Batteries Market Size, by Application, 2020-2029 (USD Million)
Table 76 South Korea: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 77 South Korea: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 78 South Korea: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 79 South Korea: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 80 South Korea: EV Batteries Market Size, by End User, 2020-2029 (USD Million)
Table 81 Taiwan: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 82 Taiwan: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 83 Taiwan: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 84 Taiwan: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 85 Taiwan: EV Batteries Market Size, by Application, 2020–2029, (USD Million)
Table 86 Taiwan: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 87 Taiwan: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 88 Taiwan: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 89 Taiwan: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 90 Taiwan: EV Batteries Market Size, by End User, 2020–2029, (USD Million)
Table 91 India: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 92 India: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 93 India: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 94 India: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 95 India: EV Batteries Market Size, by Application, 2020-2029 (USD Million)
Table 96 India: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 97 India: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 98 India: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 99 India: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 100 India: EV Batteries Market Size, by End User, 2020-2029 (USD Million)
Table 101 Thailand: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 102 Thailand: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 103 Thailand: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 104 Thailand: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 105 Thailand: EV Batteries Market Size, by Application, 2020-2029 (USD Million)
Table 106 Thailand: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 107 Thailand: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 108 Thailand: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 109 Thailand: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 110 Thailand: EV Batteries Market Size, by End User, 2020-2029 (USD Million)
Table 111 Indonesia: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 112 Indonesia: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 113 Indonesia: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 114 Indonesia: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 115 Indonesia: EV Batteries Market Size, by Application, 2020-2029 (USD Million)
Table 116 Indonesia: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 117 Indonesia: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 118 Indonesia: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 119 Indonesia: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 120 Indonesia: EV Batteries Market Size, by End User, 2020–2029, (USD Million)
Table 121 Philippines: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 122 Philippines: EV Batteries Market Size, by Capacity, 2020–2029, (USD Million)
Table 123 Philippines: EV Batteries Market Size, by Bonding Type, 2020–2029, (USD Million)
Table 124 Philippines: EV Batteries Market Size, by Form, 2020–2029, (USD Million)
Table 125 Philippines: EV Batteries Market Size, by Application, 2020–2029, (USD Million)
Table 126 Philippines: EV Batteries Market Size for Electric Cars, by Type, 2020–2029, (USD Million)
Table 127 Philippines: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 128 Philippines: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 129 Philippines: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 130 Philippines: EV Batteries Market Size, by End User, 2020–2029, (USD Million)
Table 131 Malaysia: EV Batteries Market Size, by Type, 2020–2029, (USD Million)
Table 132 Malaysia: EV Batteries Market Size, by Capacity, 2020–2029, (USD Million)
Table 133 Malaysia: EV Batteries Market Size, by Bonding Type, 2020–2029, (USD Million)
Table 134 Malaysia: EV Batteries Market Size, by Form, 2020–2029, (USD Million)
Table 135 Malaysia: EV Batteries Market Size, by Application, 2020–2029, (USD Million)
Table 136 Malaysia: EV Batteries Market Size for Electric Cars, by Type, 2020–2029, (USD Million)
Table 137 Malaysia: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 138 Malaysia: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 139 Malaysia: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 140 Malaysia: EV Batteries Market Size, by End User, 2020–2029, (USD Million)
Table 141 Singapore: EV Batteries Market Size, by Type, 2020–2029, (USD Million)
Table 142 Singapore: EV Batteries Market Size, by Capacity, 2020–2029, (USD Million)
Table 143 Singapore: EV Batteries Market Size, by Bonding Type, 2020–2029, (USD Million)
Table 144 Singapore: EV Batteries Market Size, by Form, 2020–2029, (USD Million)
Table 145 Singapore: EV Batteries Market Size, by Application, 2020–2029, (USD Million)
Table 146 Singapore: EV Batteries Market Size for Electric Cars, by Type, 2020–2029, (USD Million)
Table 147 Singapore: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 148 Singapore: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 149 Singapore: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020–2029, (USD Million)
Table 150 Singapore: EV Batteries Market Size, by End User, 2020–2029, (USD Million)
Table 151 Australia: EV Batteries Market Size, by Type, 2020–2029, (USD Million)
Table 152 Australia: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 153 Australia: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 154 Australia: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 155 Australia: EV Batteries Market Size, by Application, 2020-2029 (USD Million)
Table 156 Australia: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 157 Australia: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 158 Australia: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 159 Australia: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 160 Australia: EV Batteries Market Size, by End User, 2020–2029 (USD Million)
Table 161 New Zealand: EV Batteries Market Size, by Type, 2020–2029 (USD Million)
Table 162 New Zealand: EV Batteries Market Size, by Capacity, 2020-2029 (USD Million)
Table 163 New Zealand: EV Batteries Market Size, by Bonding Type, 2020-2029 (USD Million)
Table 164 New Zealand: EV Batteries Market Size, by Form, 2020-2029 (USD Million)
Table 165 New Zealand: EV Batteries Market Size, by Application, 2020-2029 (USD Million)
Table 166 New Zealand: EV Batteries Market Size for Electric Cars, by Type, 2020-2029 (USD Million)
Table 167 New Zealand: EV Batteries Market Size for Battery Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 168 New Zealand: EV Batteries Market Size for Plug-in Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 169 New Zealand: EV Batteries Market Size for Pure Hybrid Electric Vehicles, by Battery Type, 2020-2029 (USD Million)
Table 170 New Zealand: EV Batteries Market Size, by End User, 2020-2029 (USD Million)
Table 171 Recent Key Developments, by Company (2018–2021)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Currency and limitations
Figure 3 Key Stakeholders
Figure 4 Research Process
Figure 5 Key Secondary Sources
Figure 6 Key Executives Interviewed
Figure 7 Primary Research Techniques
Figure 8 Market Size Estimation
Figure 9 Key Insights
Figure 10 Asia-Pacific EV Battery Market, by Type, 2029 (USD Million)
Figure 11 Asia-Pacific EV Battery Market, by Capacity, 2029 (USD Million)
Figure 12 Asia-Pacific EV Battery Market, by Bonding Type, 2022 VS. 2029 (USD Million)
Figure 13 Asia-Pacific EV Battery Market, by Form, 2029 (USD Million)
Figure 14 Asia-Pacific EV Battery Market, by application, 2029 (USD Million)
Figure 15 Asia-Pacific EV Battery Market, by End User, 2022 VS. 2029 (USD Million)
Figure 16 Geographic Snapshot: Asia-Pacific EV Battery Market (Value Share & CAGR)
Figure 17 The Impact of COVID-19 on the Asia-Pacific EV Battery Market
Figure 18 Market Dynamics
Figure 19 Electric Vehicle Battery Value Chain
Figure 20 Patent Filed by Leading Battery Players (2019)
Figure 21 APAC Electric Vehicle Battery Market size, by Type, 2022 VS. 2029 (USD Million)
Figure 22 APAC Electric Vehicle Battery Market size, by Capacity, 2022 VS. 2029 (USD Million)
Figure 23 Unit Sales of E-motorcycles and E-mopeds in the Asia-Pacific Market (2016–2021)
Figure 24 APAC EV Battery Market, by Bonding Type, 2022 VS. 2029 (USD Million)
Figure 25 APAC EV Battery Market Size, by Form, 2022 VS. 2029 (USD Million)
Figure 26 APAC EV Battery Market Size, by Application, 2022 VS. 2029 (USD Million)
Figure 27 APAC EV Battery Market Size, by End User, 2022 VS. 2029 (USD Million)
Figure 28 APAC EV Battery Market Size, By Country, 2022 VS. 2029, (USD Million)
Figure 29 Key Growth Strategies Adopted by Leading Players (2018–2021)
Figure 30 Market Share Analysis, by Leading Players (2021)
Figure 31 SK Innovation Co., Ltd.: Financial Overview (2020)
Figure 32 Lg Chem, Ltd.: Financial Overview (2021)
Figure 33 BYD company limited: Financial Overview (2021)
Figure 34 Samsung SDI Co., Ltd.: Financial Overview (2021)
Figure 35 GS Yuasa Corporation: Financial Overview (2020)
Figure 36 Panasonic Corporation: Financial Overview (2020)
Figure 37 Contemporary Amperex Technology Co. Limited: Financial Overview (2020)
Figure 38 Exide Industries Limited: Financial overview (2020)
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