Electric Vehicle Battery Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

Electric Vehicle Battery Market is segmented By Battery Type (Lithium-Ion Batteries (Li-ion), Nickel Metal Hydride (NiMH) Batteries, Lead-Acid Batteries, Others), By Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.

Electric Vehicle Battery Market is segmented By Battery Type (Lithium-Ion Batteries (Li-ion), Nickel Metal Hydride (NiMH) Batteries, Lead-Acid Batteri....

Electric Vehicle Battery Market Size

Market Size in USD Bn

CAGR6.4%

Study Period	2025 - 2032
Base Year of Estimation	2025
CAGR	6.4%
Market Concentration	Medium
Major Players	Panasonic Corporation, LG Chem (LG Energy Solution), BYD Company Ltd., Contemporary Amperex Technology Co., Limited (CATL), Samsung SDI Co., Ltd. and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Electric Vehicle Battery Market Analysis

The electric vehicle battery market is estimated to be valued at USD 62.84 Bn in 2025 and is expected to reach USD 97.01 Bn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2032. With an increasing focus on developing sustainable and eco-friendly transportation, the electric vehicle battery market has seen significant growth over the past few years.

Electric Vehicle Battery Market Report Snapshots

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