Automotive Battery Technologies Market Trends and Analysis by Technology, Companies and Forecast to 2028

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Automotive Battery Technologies Market Report Overview

The advanced NiMH/lithium-ion batteries market size was 26.5 million units in 2023. The market will grow at a CAGR of more than 15% during 2023-2028. Lithium-ion batteries lead the advanced automotive batteries market. In 2023, Asia-Pacific accounted for a significant share of the automotive battery technologies market.

Advanced NiMH/Lithium-Ion Batteries Market Outlook, 2023-2028 (Million Units)

Automotive Battery Technologies Market Outlook 2023-2028 (Million Units)
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The automotive battery technologies market research report provides a comprehensive overview of the automotive battery market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives taken by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings in the sector across regions, countries, and top applicants.

Market Size (2023) 26.5 million units
CAGR (2023-2028) >15%
Historical Period 2018-2022
Forecast Period 2023-2028
Key Regions Asia-Pacific, Europe, North America, South America, and MEA
Key Companies CATL, BYD, Primearth Energy, LG Chem, and Panasonic
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Automotive Battery Technologies Market Trends

The key trends shaping the automotive battery market are an increasing search for alternative battery chemistries and a rise in the price of battery raw materials​.

Increasing search for alternative battery chemistries: The cost and availability of lithium-ion battery raw materials concern the automotive companies. The cost of recycling these batteries poses further challenges as well. Hence automotive companies must look for the development of alternative battery technologies.

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Automotive Battery Technologies Market Segmentation by Regions

In 2023, Asia-Pacific accounted for the highest share among all the regions

The key regions in the automotive battery technologies market are Asia-Pacific, Europe, North America, South America, and MEA. Recently, a few Southeast Asian countries including China, Japan, and South Korea have been promoting electric mobility adoption by implementing supportive policies, incentives, and infrastructure development.

Automotive Battery Technologies Market Analysis by Regions, 2023 (%)

Automotive Battery Technologies Market Analysis by Regions, 2023 (%)

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Automotive Battery Technologies Market - Competitive Landscape

CATL accounted for the highest market share in 2021

 A few of the top companies operating in the market are:

  • CATL
  • BYD
  • Primearth Energy
  • LG Chem
  • Panasonic

Chinese battery company CATL introduced condensed matter batteries. CATL claim that these batteries can provide enough energy to run electric passenger planes in civil aviation.

Moreover, the company is taking strategic actions to aid the growth of the automotive battery technologies market. In June 2023, the Bolivian government made a contract with CATL to invest in boosting the country’s unexplored lithium riches.

Automotive Battery Technologies Market Analysis by Companies, 2021 (%)

Automotive Battery Technologies Market Analysis by Companies, 2021 (%)

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Automotive Battery Technologies Market - Latest Developments

A few of the latest developments in the automotive battery technologies market are as follows:

  • 20th September 2023: Michigan-based Coherix developed a quality-control technology that increases EV battery security, longevity, and overall quality. The technology also decreases production costs.
  • 18th September 2023: GS Yuasa Corporation is a provider of OEM and aftermarket batteries. Osamu Murao, president of the GS Yuasa Corporation formally opened a new building at Ignition Park.

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Segments Covered in the Report

Automotive Battery Technologies Regional Outlook (Value, Million Units, 2018-2028)

  • Asia-Pacific
  • Europe
  • North America
  • South America
  • MEA

Scope

  • Provides an overview of the current key trends, drivers, technologies, and developments that will influence the sector’s growth in the future.
  • Provides a regional overview across five regions highlighting industry size, growth drivers, latest developments, and future inhibitors.

Reasons to Buy

  • The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
  • The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
  • The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
  • The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.

CATL
BYD Auto
Primearth Energy
LG Chem
Panasonic

Table of Contents

  • 1. Executive Summary
  • 2. Main Trends and Drivers
  • 2.1 Trends
  • 2.2 Drivers
  • 3 Technologies and Innovations
  • 4 PESTER Analysis
  • 5 Sector Forecast

  • 5.1 Sector Forecast Global Advanced NiMH/lithium-ion batteries Volumes

    • 5.1.1 Global Advanced NiMH/Lithium-Ion Batteries Volumes
    • 5.1.2 Asia-Pacific Market Growth Analysis
    • 5.1.3 European Market Growth Analysis
    • 5.1.4 North American Market Growth Analysis
    • 5.1.5 South America Market Growth Analysis
    • 5.1.6 MEA Market Growth Analysis

  • 6 Latest Developments
  • 7 Key Companies

  • 7.1 Top companies by Market Share – Advanced Automotive Batteries
  • 8 Patent Analysis
  • 9 Appendix

Table

List of Tables

Table 1: Main trends in the Battery technologies sector

Table 2: Market fitment/penetration rates of advanced automotive batteries fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 3: Market volumes of advanced automotive batteries fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 4: Market volumes of lead-acid starter batteries fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 5: Relative market sizes of lead-acid starter batteries fitted to newly-assembled light vehicles, 2016-2036, (% share)

Table 6: Global manufacturer market shares of OE and aftermarket for automotive lead-acid starter batteries for passenger cars and light vehicles, 2010-2021, % of sales volume

Table 7: Asia-Pacific manufacturer market shares of OE automotive lead-acid starter batteries for passenger cars and light vehicles, 2010-2021, % of sales volume

Table 8: European manufacturer market shares of OE and aftermarket for automotive lead-acid starter batteries for passenger cars and light vehicles, 2010-2021, % of sales volume

Table 9: German independent aftermarket manufacturer market shares for automotive lead-acid starter batteries for passenger cars and light vehicles, 2010-2021, % of sales volume

Table 10: UK independent aftermarket manufacturer market shares for automotive lead-acid starter batteries for passenger cars and light vehicles, 2010-2021, % of sales volume

Table 11: French independent aftermarket manufacturer market shares for automotive lead-acid starter batteries for passenger cars and light vehicles, 2010-2021, % of sales volume

Table 12: North American manufacturer market shares of OE automotive lead-acid starter batteries for passenger cars and light vehicles, 2010-2021, % of sales volume

Figures

List of Figures

Figure 1: Axeon’s custom-built battery pack for Modec

Figure 2: Electric vehicle battery

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