$120.9 Billion Asia-Pacific EV Battery Industry Forecast to 2029 - Players Include SK Innovations, LG Chem, Farasis Energy and SVOLT Energy Technology

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Dublin, Nov. 15, 2022 (GLOBE NEWSWIRE) -- 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.

The key players operating 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).

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?

Key Topics Covered:

1. Introduction

2. Research Methodology

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

For more information about this report visit https://www.researchandmarkets.com/r/mu395v

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