Table of Content

1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.3 INCLUSIONS & EXCLUSIONS 34
1.4 STUDY SCOPE 35
FIGURE 1 MARKET SEGMENTATION: CELL TO PACK BATTERY MARKET 35
1.4.1 REGIONAL SCOPE 35
FIGURE 2 CELL TO PACK BATTERY MARKET: REGIONAL SCOPE 35
1.4.2 YEARS CONSIDERED 36
1.5 CURRENCY CONSIDERED 36
TABLE 1 CURRENCY EXCHANGE RATES 36
1.6 LIMITATIONS 37
1.7 STAKEHOLDERS 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 3 RESEARCH DESIGN 38
FIGURE 4 RESEARCH METHODOLOGY MODEL 39
2.1.1 SECONDARY DATA 40
2.1.1.1 Key data from secondary sources 40
2.1.1.2 Key data from secondary sources 41
2.1.2 PRIMARY DATA 42
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, AND REGION 42
2.1.2.1 Breakdown of primary interviews 43
2.2 MARKET ESTIMATION METHODOLOGY 43
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 44
2.2.1 RECESSION IMPACT ANALYSIS 45
2.3 MARKET SIZE ESTIMATION 45
2.3.1 BOTTOM-UP APPROACH 45
FIGURE 7 CELL TO PACK BATTERY MARKET, BY VEHICLE TYPE: BOTTOM-UP APPROACH 46
2.3.2 TOP-DOWN APPROACH 46
FIGURE 8 CELL TO PACK BATTERY MARKET, BY BATTERY TYPE: TOP-DOWN APPROACH 46
2.3.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE 47
2.4 FACTOR ANALYSIS 47
2.5 DATA TRIANGULATION 48
FIGURE 9 DATA TRIANGULATION METHODOLOGY 48
2.6 RESEARCH ASSUMPTIONS 49
2.7 RISK ASSESSMENT 50
2.8 RESEARCH LIMITATIONS 52
3 EXECUTIVE SUMMARY 53
3.1 INTRODUCTION 53
3.1.1 PRE VS. POST-RECESSION SCENARIO 53
FIGURE 10 PRE VS. POST-RECESSION SCENARIO: CELL TO PACK BATTERY MARKET SIZE, 2020?2030 (USD MILLION) 53
TABLE 2 PRE VS. POST-RECESSION SCENARIO: CELL TO PACK BATTERY MARKET, 2020–2030 (USD MILLION) 54
3.1.2 REPORT SUMMARY 55
FIGURE 11 CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION) 55
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CELL TO PACK BATTERY MARKET 58
FIGURE 12 RISING DEMAND FOR HIGH ENERGY DENSITY BATTERIES TO DRIVE MARKET GROWTH 58
4.2 CELL TO PACK BATTERY MARKET, BY REGION 59
FIGURE 13 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD 59
4.3 CELL TO PACK BATTERY MARKET, BY BATTERY FORM 59
FIGURE 14 PRISMATIC FORM SEGMENT PREDICTED TO DOMINATE MARKET DURING FORECAST PERIOD 59
4.4 CELL TO PACK BATTERY MARKET, BY BATTERY TYPE 60
FIGURE 15 LITHIUM IRON PHOSPHATE SEGMENT TO HOLD LARGEST SHARE FOR CELL TO PACK BATTERY MARKET 60
4.5 CELL TO PACK BATTERY MARKET, BY PROPULSION 60
FIGURE 16 BEVS SEGMENT PROJECTED TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD 60
4.6 CELL TO PACK BATTERY MARKET, BY TECHNOLOGY 61
FIGURE 17 BLADE BATTERY TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 61
4.7 CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE 61
FIGURE 18 PASSENGER CARS SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 63
FIGURE 19 CELL TO PACK BATTERY: MARKET DYNAMICS 63
5.2.1 DRIVERS 63
5.2.1.1 Increase in EV demand 63
FIGURE 20 EV BATTERY MARKET, BY MATERIAL TYPE, 2022 VS 2027 64
5.2.1.2 Growing technological advancements in batteries 64
5.2.2 RESTRAINTS 65
5.2.2.1 Limiting use of electric vehicles 65
5.2.3 OPPORTUNITIES 65
5.2.3.1 Electrification of commercial vehicles 65
FIGURE 21 ELECTRIC BUSES MARKET, BY REGION, 2018-2021 66
FIGURE 22 ELECTRIC TRUCKS MARKET, BY REGION, 2019-2021 66
5.2.4 CHALLENGES 67
5.2.4.1 Battery design and initial costs 67
5.2.4.2 Safety concerns due to battery thermal management 67
5.3 PORTER’S FIVE FORCES ANALYSIS 68
TABLE 3 PORTER’S FIVE FORCES ANALYSIS 68
FIGURE 23 PORTER’S FIVE FORCES ANALYSIS 68
5.3.1 THREAT OF NEW ENTRANTS 69
5.3.2 THREAT OF SUBSTITUTES 69
5.3.3 BARGAINING POWER OF SUPPLIERS 69
5.3.4 BARGAINING POWER OF BUYERS 69
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 70
5.4 IMPACT OF RECESSION ON CELL TO PACK BATTERY MARKET SCENARIO ANALYSIS 70
5.4.1 INTRODUCTION 70
5.4.2 REGIONAL MACRO-ECONOMIC OVERVIEW 70
5.4.3 ANALYSIS OF KEY ECONOMIC INDICATORS 71
TABLE 4 KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021?2022 71
5.4.4 ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION 72
5.4.4.1 Europe 72
TABLE 5 EUROPE: KEY ECONOMIC INDICATORS, 2021?2023 72
5.4.4.2 Asia Pacific 73
TABLE 6 ASIA PACIFIC: KEY ECONOMIC INDICATORS, 2021–2023 73
5.4.4.3 Americas 73
TABLE 7 AMERICAS: KEY ECONOMIC INDICATORS, 2021?2023 73
5.4.5 ECONOMIC OUTLOOK/PROJECTIONS 74
TABLE 8 GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024?2027 (% GROWTH) 74
5.5 IMPACT ON ELECTRIC VEHICLE SALES 75
5.5.1 ANALYSIS OF ELECTRIC VEHICLE SALES 75
5.5.1.1 Europe 75
FIGURE 24 EUROPE: ELECTRIC PASSENGER CARS, BEV, AND PHEV SALES, BY COUNTRY, 2021–2022 75
5.5.1.2 Asia Pacific 76
FIGURE 25 ASIA PACIFIC: PASSENGER CARS, BEV AND PHEV SALES, BY COUNTRY, 2021–2022 76
5.5.1.3 North America 77
FIGURE 26 NORTH AMERICA: PASSENGER CARS, BEVS, AND PHEVS SALES, BY COUNTRY, 2021?2022 77
5.5.2 ELECTRIC VEHICLE SALES OUTLOOK 78
FIGURE 27 PASSENGER CARS, BEVS, AND PHEVS VEHICLE SALES FORECAST, 2022 VS. 2030 (UNITS) 78
5.5.3 IMPACT OF RECESSION ON CELL TO PACK BATTERY MARKET: SCENARIO ANALYSIS 81
FIGURE 28 SCENARIO ANALYSIS: CELL TO PACK BATTERY MARKET SCENARIO, 2020?2030 (USD MILLION) 81
5.5.3.1 Most likely recession scenario 81
TABLE 9 CELL TO PACK BATTERY MARKET (MOST LIKELY RECESSION SCENARIO), BY REGION, 2020?2030 (USD MILLION) 82
5.5.3.2 High-impact recession scenario 82
TABLE 10 CELL TO PACK BATTERY MARKET (HIGH-IMPACT RECESSION SCENARIO), BY REGION, 2020?2030 (USD MILLION) 82
5.5.3.3 Low-impact recession scenario 83
TABLE 11 CELL TO PACK BATTERY MARKET (LOW-IMPACT RECESSION SCENARIO), BY REGION, 2020?2030 (USD MILLION) 83
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 84
FIGURE 29 REVENUE SHIFT DRIVING MARKET GROWTH 84
5.7 SUPPLY CHAIN ANALYSIS 85
FIGURE 30 SUPPLY CHAIN ANALYSIS: CELL TO PACK BATTERY MARKET (1/2) 85
FIGURE 31 SUPPLY CHAIN ANALYSIS: CELL TO PACK BATTERY MARKET (2/2) 86
5.8 ECOSYSTEM 87
FIGURE 32 CELL TO PACK BATTERY MARKET: ECOSYSTEM 87
FIGURE 33 CELL TO PACK BATTERY MARKET: ECOSYSTEM ANALYSIS 88
TABLE 12 ROLE OF COMPANIES IN CELL TO PACK BATTERY MARKET ECOSYSTEM 88
5.9 TECHNOLOGY ANALYSIS 89
5.9.1 IMPROVED BATTERY DESIGN AND COMPOSITION 89
5.9.2 CELL TO CHASSIS BATTERY TECHNOLOGY 90
5.10 AVERAGE SELLING PRICE ANALYSIS 90
TABLE 13 AVERAGE SELLING PRICE, BY REGION 90
TABLE 14 AVERAGE SELLING PRICE, BY BATTERY FORM 90
5.11 CELL TO PACK BATTERY MARKET: PATENT ANALYSIS, 2019?2022 91
TABLE 15 PATENT ANALYSIS 2019?2022 91
5.12 REGULATORY LANDSCAPE 94
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
5.12.1.1 North America: List of regulatory bodies, government agencies, and other organizations 94
TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
5.12.1.2 Europe: List of regulatory bodies, government agencies, and other organizations 96
TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
5.12.1.3 Asia Pacific: List of regulatory bodies, government agencies, and other organizations 97
TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
5.12.1.4 Rest of the World: List of regulatory bodies, government agencies, and other organizations 98
TABLE 19 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
5.13 CASE STUDY ANALYSIS 98
5.13.1 USE CASE 1: DEVELOPMENT OF BLADE BATTERY BY BYD COMPANY LTD. 98
6 CELL TO PACK BATTERY MARKET, BY BATTERY FORM 99
Note: The chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
6.1 INTRODUCTION 100
6.1.1 RESEARCH METHODOLOGY 100
6.1.2 ASSUMPTIONS 100
6.1.3 INDUSTRY INSIGHTS 101
FIGURE 34 CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023 VS. 2030 101
TABLE 20 CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2020?2022 (UNITS) 101
TABLE 21 CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023?2030 (UNITS) 102
TABLE 22 CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2020?2022 (USD MILLION) 102
TABLE 23 CELL TO PACK BATTERY MARKET, BY BATTERY FORM, 2023?2030 (USD MILLION) 102
6.2 PRISMATIC CELLS 103
6.2.1 SIMPLE DESIGN AND HIGH-ENERGY-DENSITY CAPACITY TO BOOST MARKET 103
TABLE 24 PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 103
TABLE 25 PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 103
TABLE 26 PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 104
TABLE 27 PRISMATIC CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 104
6.3 POUCH CELLS 104
6.3.1 FLEXIBLE STRUCTURAL FEATURE TO PROMOTE SEGMENT GROWTH 104
TABLE 28 POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 105
TABLE 29 POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 105
TABLE 30 POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 105
TABLE 31 POUCH CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 105
6.4 CYLINDRICAL CELLS 106
6.4.1 LESS SPACE UTILIZATION TO BOOST DEMAND 106
TABLE 32 CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 106
TABLE 33 CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 107
TABLE 34 CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 107
TABLE 35 CYLINDRICAL CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 107
7 CELL TO PACK BATTERY MARKET, BY BATTERY TYPE 108
Note: The Chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
7.1 INTRODUCTION 109
7.1.1 RESEARCH METHODOLOGY 109
7.1.2 ASSUMPTIONS 110
7.1.3 INDUSTRY INSIGHTS 110
FIGURE 35 CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023 VS. 2030 (USD MILLION) 110
TABLE 36 CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2020?2022 (UNITS) 111
TABLE 37 CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023?2030 (UNITS) 111
TABLE 38 CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2020?2022 (USD MILLION) 111
TABLE 39 CELL TO PACK BATTERY MARKET, BY BATTERY TYPE, 2023?2030 (USD MILLION) 112
7.2 LITHIUM IRON PHOSPHATE BATTERIES (LFP) 112
7.2.1 LOW-COST FEATURE TO BENEFIT SEGMENT 112
TABLE 40 LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 112
TABLE 41 LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 113
TABLE 42 LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 113
TABLE 43 LFP: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 113
7.3 NICKEL MANGANESE COBALT BATTERIES (NMC) 114
7.3.1 HIGHER ENERGY DENSITY TO STRENGTHEN SEGMENTAL GROWTH 114
TABLE 44 NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 114
TABLE 45 NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 114
TABLE 46 NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 115
TABLE 47 NMC: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 115
7.4 OTHER BATTERY TYPES 115
7.4.1 NEED TO REDUCE DEPENDENCY ON LFP BATTERIES TO PROMOTE SEGMENT EXPANSION 115
TABLE 48 OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 116
TABLE 49 OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 116
TABLE 50 OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 116
TABLE 51 OTHER BATTERY TYPES: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 117

8 CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE 118
Note: The Chapter is on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
8.1 INTRODUCTION 119
8.1.1 RESEARCH METHODOLOGY 119
8.1.2 ASSUMPTIONS 119
8.1.3 INDUSTRY INSIGHTS 120
FIGURE 36 CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023 VS. 2030 (USD MILLION) 120
TABLE 52 CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020?2022 (UNITS) 120
TABLE 53 CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023?2030 (UNITS) 121
TABLE 54 CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020?2022 (USD MILLION) 121
TABLE 55 CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023?2030 (USD MILLION) 121
8.2 ELECTRIC PASSENGER CARS 122
8.2.1 RISING DEMAND FOR LONG-RANGE AND LIGHTWEIGHT BATTERIES TO DRIVE SEGMENT GROWTH 122
TABLE 56 ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 122
TABLE 57 ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 122
TABLE 58 ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 123
TABLE 59 ELECTRIC PASSENGER CARS: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 123
8.3 ELECTRIC BUSES 123
8.3.1 GROWING TREND OF ELECTRIFICATION OF PUBLIC TRANSPORT BUSES TO DRIVE DEMAND FOR HIGH-ENERGY-DENSITY BATTERIES 123
TABLE 60 ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 124
TABLE 61 ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 124
TABLE 62 ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 124
TABLE 63 ELECTRIC BUSES: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 125
8.4 ELECTRIC TRUCKS 125
8.4.1 RISING TREND FOR ELECTRIFICATION OF TRUCKS TO CREATE OPPORTUNITIES FOR MARKET 125
TABLE 64 ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 125
TABLE 65 ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 126
TABLE 66 ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2020–2022 (USD MILLION) 126
TABLE 67 ELECTRIC TRUCKS: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 126
9 CELL TO PACK BATTERY MARKET, BY PROPULSION 127
Note: The Chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume and value
9.1 INTRODUCTION 128
9.1.1 RESEARCH METHODOLOGY 128
9.1.2 ASSUMPTIONS 129
9.1.3 INDUSTRY INSIGHTS 129
FIGURE 37 CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023 VS. 2030 (USD MILLION) 129
TABLE 68 CELL TO PACK BATTERY MARKET, BY PROPULSION, 2020?2022 (UNITS) 129
TABLE 69 CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023?2030 (UNITS) 130
TABLE 70 CELL TO PACK BATTERY MARKET, BY PROPULSION, 2020?2022 (USD MILLION) 130
TABLE 71 CELL TO PACK BATTERY MARKET, BY PROPULSION, 2023?2030 (USD MILLION) 130
9.2 BATTERY ELECTRIC VEHICLES (BEVS) 131
9.2.1 RISING DEMAND FOR LIGHTWEIGHT, COST-EFFICIENT, AND HIGH-ENERGY-DENSITY BATTERIES TO DRIVE MARKET 131
TABLE 72 BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 131
TABLE 73 BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 131
TABLE 74 BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 132
TABLE 75 BATTERY ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 132
9.3 PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS) 132
9.3.1 INCREASE IN PHEV DEMAND TO SUPPORT MARKET GROWTH 132
TABLE 76 PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020–2022 (UNITS) 133
TABLE 77 PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 133
TABLE 78 PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 133
TABLE 79 PLUG-IN HYBRID ELECTRIC VEHICLE: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 134
10 CELL TO PACK BATTERY MARKET, BY TECHNOLOGY 135
Note: The Chapter is provided on regional level – Asia Pacific, Europe, and North America. The market size is provided in terms of volume
10.1 INTRODUCTION 136
10.1.1 RESEARCH METHODOLOGY 136
10.1.2 ASSUMPTIONS 136
10.1.3 INDUSTRY INSIGHTS 137
FIGURE 38 CELL TO PACK BATTERY MARKET, BY TECHNOLOGY, 2023 VS. 2030 (THOUSAND UNITS) 137
TABLE 80 CELL TO PACK BATTERY MARKET, BY BATTERY TECHNOLOGY, 2020?2022 (UNITS) 137
TABLE 81 CELL TO PACK BATTERY MARKET, BY BATTERY TECHNOLOGY, 2023?2030 (UNITS) 138
10.2 BLADE BATTERY 138
10.2.1 HIGHER VCTPR AND GCTPR OF BLADE BATTERIES TO SUPPORT GROWTH 138
TABLE 82 BLADE BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 139
TABLE 83 BLADE BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 139
10.3 LISER BATTERY 139
10.3.1 100% NICKEL AND COBALT-FREE FEATURE TO DRIVE SEGMENTAL GROWTH 139
TABLE 84 LISER BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 140
TABLE 85 LISER BATTERY: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 140
10.4 OTHER BATTERY TECHNOLOGIES 141
10.4.1 HIGH COMPETITION IN EV BATTERY MARKET TO DRIVE DEMAND 141
TABLE 86 OTHER BATTERY TECHNOLOGIES: CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 141
TABLE 87 OTHER BATTERY TECHNOLOGIES: CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 141
11 CELL TO PACK BATTERY MARKET, BY REGION 142
Note: The Chapter is provided by vehicle type at country level – Asia Pacific (China, India, Japan, South Korea), Europe (France, Germany, Norway, The Netherlands, Switzerland, Spain, Sweden, UK, and Europe Others) and North America (US and Canada). The market size is provided in terms of volume and value
11.1 INTRODUCTION 143
11.1.1 RESEARCH METHODOLOGY 143
11.1.2 ASSUMPTIONS 144
11.1.3 INDUSTRY INSIGHTS 144
FIGURE 39 CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION) 144
TABLE 88 CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (UNITS) 145
TABLE 89 CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (UNITS) 145
TABLE 90 CELL TO PACK BATTERY MARKET, BY REGION, 2020?2022 (USD MILLION) 145
TABLE 91 CELL TO PACK BATTERY MARKET, BY REGION, 2023?2030 (USD MILLION) 145
11.2 ASIA PACIFIC 146
FIGURE 40 ASIA PACIFIC: CELL TO PACK BATTERY MARKET SNAPSHOT 147
TABLE 92 ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020?2022 (UNITS) 147
TABLE 93 ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023?2030 (UNITS) 148
TABLE 94 ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020?2022 (USD MILLION) 148
TABLE 95 ASIA PACIFIC: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023?2030 (USD MILLION) 148
11.2.1 CHINA 149
11.2.1.1 Rising EV demand and increasing technological advancement for improved battery performance 149
TABLE 96 CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 149
TABLE 97 CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 149
TABLE 98 CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 150
TABLE 99 CHINA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 150
11.2.2 JAPAN 150
11.2.2.1 Regional EV OEMs partnering with battery suppliers to use advanced battery solutions 150
TABLE 100 JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 151
TABLE 101 JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 151
TABLE 102 JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 151
TABLE 103 JAPAN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 152
11.2.3 INDIA 152
11.2.3.1 Government subsidies and incentives to drive market 152
TABLE 104 INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 153
TABLE 105 INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 153
TABLE 106 INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 153
TABLE 107 INDIA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023–2030 (USD MILLION) 154
11.2.4 SOUTH KOREA 154
11.2.4.1 Increasing focus on sustainable electric mobility to boost market 154
TABLE 108 SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 154
TABLE 109 SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 155
TABLE 110 SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 155
TABLE 111 SOUTH KOREA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 155
11.3 EUROPE 156
FIGURE 41 EUROPE: CELL TO PACK BATTERY MARKET SNAPSHOT 157
TABLE 112 EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020?2022 (UNITS) 158
TABLE 113 EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023?2030 (UNITS) 158
TABLE 114 EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020?2022 (USD MILLION) 159
TABLE 115 EUROPE: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023?2030(USD MILLION) 159
11.3.1 FRANCE 160
11.3.1.1 Rise in e-logistics transport to drive market 160
TABLE 116 FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 160
TABLE 117 FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 160
TABLE 118 FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 161
TABLE 119 FRANCE: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 161
11.3.2 GERMANY 161
11.3.2.1 Presence of leading companies and higher demand for BEVs to benefit market 161
TABLE 120 GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 162
TABLE 121 GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 162
TABLE 122 GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 162
TABLE 123 GERMANY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 163
11.3.3 NORWAY 163
11.3.3.1 Replacement of conventional vehicles with advanced EVs to drive market 163
TABLE 124 NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 164
TABLE 125 NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023?2030 (UNITS) 164
TABLE 126 NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 164
TABLE 127 NORWAY: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 165
11.3.4 SWITZERLAND 165
11.3.4.1 Rapid adoption of EVs to create demand for high energy density batteries to boost market 165
TABLE 128 SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 165
TABLE 129 SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 166
TABLE 130 SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 166
TABLE 131 SWITZERLAND: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 166
11.3.5 NETHERLANDS 167
11.3.5.1 Rising focus on enhanced battery technology in commercial vehicles to strengthen market 167
TABLE 132 NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 167
TABLE 133 NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 167
TABLE 134 NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2020?2022 (USD MILLION) 168
TABLE 135 NETHERLANDS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 168
11.3.6 SPAIN 168
11.3.6.1 Rising domestic battery cell production to offer opportunities 168
TABLE 136 SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 169
TABLE 137 SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 169
TABLE 138 SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 169
TABLE 139 SPAIN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 170
11.3.7 SWEDEN 170
11.3.7.1 Presence of OEMs to boost demand for EV batteries 170
TABLE 140 SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 170
TABLE 141 SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 171
TABLE 142 SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 171
TABLE 143 SWEDEN: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 171
11.3.8 UK 172
11.3.8.1 Increasing presence of international EV manufacturers to augment market size 172
TABLE 144 UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 172
TABLE 145 UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023?2030 (UNITS) 172
TABLE 146 UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 173
TABLE 147 UK: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023?2030 (USD MILLION) 173
11.3.9 EUROPE OTHERS 173
TABLE 148 EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 174
TABLE 149 EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 174
TABLE 150 EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 174
TABLE 151 EUROPE OTHERS: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 175
11.4 NORTH AMERICA 175
FIGURE 42 NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION) 176
TABLE 152 NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020?2022 (UNITS) 176
TABLE 153 NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023?2030 (UNITS) 176
TABLE 154 NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2020?2022 (USD MILLION) 177
TABLE 155 NORTH AMERICA: CELL TO PACK BATTERY MARKET, BY COUNTRY, 2023?2030 (USD MILLION) 177
11.4.1 US 177
11.4.1.1 Growing demand for electric SUVs to drive market 177
TABLE 156 US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 178
TABLE 157 US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 178
TABLE 158 US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 178
TABLE 159 US: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE TYPE, 2023?2030 (USD MILLION) 179
11.4.2 CANADA 179
11.4.2.1 Government subsidies to promote EVs to drive market 179
TABLE 160 CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (UNITS) 179
TABLE 161 CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (UNITS) 180
TABLE 162 CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2020?2022 (USD MILLION) 180
TABLE 163 CANADA: CELL TO PACK BATTERY MARKET, BY ELECTRIC VEHICLE, 2023?2030 (USD MILLION) 180
12 RECOMMENDATIONS BY MARKETSANDMARKETS 181
12.1 ADVANCEMENT IN BATTERY PACKS TO DRIVE CELL TO PACK BATTERY DEMAND 181
12.2 DEMAND FOR EFFICIENT AND LOW-COST BATTERY CHEMISTRY TO DRIVE MARKET 182
12.3 CONCLUSION 182
13 COMPETITIVE LANDSCAPE 183
13.1 OVERVIEW 183
13.2 CELL TO PACK BATTERY MARKET RANKING, 2022 183
FIGURE 43 CELL TO PACK BATTERY MARKET RANKING, 2022 183
13.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS 185
FIGURE 44 CELL TO PACK BATTERY MARKET, REVENUE ANALYSIS 185
13.4 COMPANY EVALUATION QUADRANT 185
13.4.1 TERMINOLOGY 185
13.4.2 STARS 186
13.4.3 PERVASIVE PLAYERS 186
13.4.4 EMERGING LEADERS 186
13.4.5 PARTICIPANTS 186
FIGURE 45 CELL TO PACK BATTERY MARKET COMPETITIVE LEADERSHIP MAPPING, 2022 187
13.5 CELL TO PACK BATTERY MARKET: COMPANY FOOTPRINT 188
TABLE 164 CELL TO PACK BATTERY MARKET: COMPANY FOOTPRINT ANALYSIS, 2022 188
TABLE 165 CELL TO PACK BATTERY MARKET: COMPANY PRODUCT CATEGORY FOOTPRINT, 2022 189
TABLE 166 CELL TO PACK BATTERY MARKET: COMPANY REGION FOOTPRINT, 2022 190
13.6 COMPETITIVE BENCHMARKING 191
TABLE 167 CELL TO PACK BATTERY MARKET: KEY SMES 191
TABLE 168 CELL TO PACK BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [SMES] 192
13.7 COMPETITIVE SCENARIO 193
13.7.1 PRODUCT LAUNCHES 193
TABLE 169 PRODUCT LAUNCHES, 2019?2022 193
13.7.2 DEALS 194
TABLE 170 DEALS, 2020?2022 194
13.7.3 OTHERS 200
TABLE 171 OTHERS, 2020?2022 200
13.8 STRATEGIES ADOPTED BY KEY PLAYERS 202
TABLE 172 OVERVIEW OF STRATEGIES DEPLOYED BY KEY CELL TO PACK