Europe Electric Commercial Vehicle Battery Pack Market Size
Icons | Lable | Value |
---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 1.49 Billion |
|
Market Size (2029) | USD 3.85 Billion |
|
Largest Share by Propulsion Type | BEV |
|
CAGR (2024 - 2029) | 20.91 % |
|
Largest Share by Country | Poland |
Major Players |
||
![]() |
||
*Disclaimer: Major Players sorted in alphabetical order. |
Europe Electric Commercial Vehicle Battery Pack Market Analysis
The Europe Electric Commercial Vehicle Battery Pack Market size is estimated at 1.49 billion USD in 2024, and is expected to reach 3.85 billion USD by 2029, growing at a CAGR of 20.91% during the forecast period (2024-2029).
1.49 Billion
Market Size in 2024 (USD)
3.85 Billion
Market Size in 2029 (USD)
12.65 %
CAGR (2017-2023)
20.91 %
CAGR (2024-2029)
Largest Segment by Body Type
70.65 %
value share, LCV, 2023
In Europe, the popularity of electric mobility and strict government regulations, battery electric light commercial vehicles are the category with the quickest growth.
Largest Segment by Propulsion Type
99.77 %
value share, BEV, 2023
The increasing adoption of BEVs in the European commercial vehicle segment highlights the industry's shift towards greener and more sustainable mobility solutions.
Largest Segment by Battery Chemistry
43.28 %
value share, NCM, 2023
NCM batteries dominate the market because of their high safety, long cycle life, and low cost in Europe electric commercial vehicle battery pack market.
Largest Segment by Battery Form
53.63 %
value share, Pouch, 2023
Pouch batteries offer higher energy density and improved thermal management, making them suitable for demanding commercial applications.
Leading Market Player
33.42 %
market share, Contemporary Amperex Technology Co. Ltd. (CATL), 2022
CATL dominates the market by providing advanced, high-energy density lithium-ion batteries that meet the stringent requirements of Europe's automotive sector and leveraging strategic partnerships with leading European automakers.
Cost decline and technological advancements drive demand for battery packs in the European electric commercial vehicle market
- The European electric commercial vehicle battery pack market grew significantly from 2017 to 2022. According to a report, Europe witnessed a 57% increase in electric commercial vehicle sales in 2020, with over 36,000 units sold. LCVs and M&HDT were the most popular categories, representing over 80% of total sales. The adoption and penetration of electric commercial vehicles are expected to grow in the coming years, driven by regulations and incentives.
- The growing demand for electric commercial vehicles has also increased the demand for battery packs. Battery density and range have been improving rapidly, with the average range of electric commercial vehicles increasing by over 20% in the past year alone. However, the cost of battery packs remains a significant barrier to adoption. The cost of battery packs for electric commercial vehicles is expected to decline by 56% by 2030, driven by economies of scale and technological advancements.
- Looking toward the future, the pure electric battery pack market for commercial vehicles is expected to continue to grow in Europe. With increasing environmental regulations and a push toward a carbon-neutral economy, many companies are looking to electrify their fleets. There are also significant opportunities in the development of battery technology, including solid-state batteries and battery recycling. Additionally, the development of charging infrastructure will be critical to support the widespread adoption of electric commercial vehicles.
Government support and investments drive electric vehicle adoption in Europe
- Between 2017 and 2021, the European electric commercial vehicle battery pack market experienced significant growth. This growth was driven by factors such as rising environmental concerns, government regulations promoting electric vehicle adoption, and advancements in battery technology, which improved the performance and reliability of electric commercial vehicles.
- In 2022, the European electric commercial vehicle battery pack market continued its positive trajectory. This growth was influenced by factors such as increased awareness among businesses about long-term cost savings associated with electric commercial vehicles, the expansion of charging infrastructure, and ongoing advancements in battery technology, which enhanced the efficiency and appeal of battery packs.
- During the forecast period of 2023-2029, the European electric commercial vehicle battery pack market is expected to exhibit strong growth. This growth is expected to increase due to factors such as government initiatives promoting the electrification of transportation, decreasing costs of battery packs, and ongoing research and development efforts to improve battery performance. Heightened consumer awareness and a strong focus on the environmental advantages of electric vehicles are propelling the transition toward sustainable transportation. As these factors continue to converge, the EV battery market is poised to see continued growth and advancements in the coming years, making electric vehicles attractive and accessible for consumers worldwide.
Europe Electric Commercial Vehicle Battery Pack Market Trends
TOYOTA GROUP LEADS THE EUROPEAN EV MARKET, FOLLOWED BY RENAULT, TESLA, KIA, AND BMW
- The market for electric vehicles in various European countries is growing significantly, with numerous players operating, but it is largely driven by five major companies, which held more than 50% of the market in 2022. These companies include Toyota Group, Kia, Renault, Tesla, Kia, and Volkswagen. Toyota Group is the largest seller of electric vehicles in Europe, accounting for around 14.84% share of the electric car market. The company has a strong supply and distribution network catering to the demand and supply of customers in various European countries. The company has a wide product portfolio offering in the EV market.
- Renault holds a market share of around 7.47%, making it the second-largest seller of electric vehicles across Europe. The company has a good brand image and a strong financial position. The company has alliances and strategic partnerships with good brands such as Nissan. The 3rd highest market share, 6.71%, for electric vehicle sales was recorded by Tesla. The business focuses on cutting-edge innovations and has solid strategic alliances with producers of several EV parts, including batteries.
- The 4th largest place in European EV sales is Kia, accounting for around 6.26% of the market share. The company has wide product offerings for various types of customers with various budget-friendly options compared to other brands. The 5th largest player operating in the European EV market is BMW, maintaining its market share at around 6.14%. Some of the other players selling EVs in various European countries include Hyundai, Mercedes-Benz, BMW, Audi, and Ford.
Tesla and Renault are the largest contributors to the demand for battery packs, as a result of the widespread sale of EVs in Europe in 2022
- The demand for electric vehicles has dramatically increased during the past several years in every part of Europe. Electric vehicles are now more prevalent on European roadways. Although consumer interest in buying electric vehicles varies by area and by country, SUVs are the most popular type of electric vehicle in Germany and the United Kingdom, the region's two biggest markets for electric vehicles. The demand for electric SUVs is outpacing that for sedans in various European countries due to the increased interest in comfortable transportation and the fact that SUVs are roomier than sedans.
- The number of compact SUVs purchased by consumers has increased dramatically across Europe. The Tesla Model Y offers a fully electric motor, a 5-star NCAP safety certification, spacious seating for up to 7 passengers, a long-range, and other features. It became one of the most popular models in several major European markets, including the United Kingdom and Germany, in 2022. The Renault Arkana provides a full hybrid engine, which has received a strong sales reaction from customers in several European nations like France due to its fuel efficiency and competitive pricing.
- Captur was one of the best sellers from Renault in the European countries in 2022, owing to its offering of a hybrid and a plug-in hybrid powertrain, and is packed with lots of features attracting buyers. The European EV market also features a variety of electric SUVs and sedans from various international brands. One of the common cars is the Toyota Yaris and Ford Kuga, which recorded good sales in 2022. Other cars in the European EV market that are in the competition include the Fiat 500 and Toyota Yaris Cross.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- ENVIRONMENTAL CONCERNS, GOVERNMENT SUPPORT, AND DECARBONIZATION GOALS FUEL EUROPEAN ELECTRIC VEHICLE DEMAND AND SALES
- DECLINING BATTERY PRICES AND GOVERNMENT INITIATIVES DRIVE DEMAND FOR ELECTRIC VEHICLES IN EUROPE
- Technological innovations, production efficiency, and competition are expected to continue exerting downward pressure on lithium-ion battery prices in Europe
- RISING SALES AND GOVERNMENT INITIATIVES SIGNAL A ROBUST GROWTH IN THE EUROPEAN ELECTRIC VEHICLE SECTOR
- GROWTH IN THE DEMAND FOR VARIOUS BATTERY CHEMISTRIES ACROSS VARIOUS EUROPEAN COUNTRIES
- DEMAND FOR BATTERY MATERIALS AND EVOLVING BATTERY CHEMISTRIES INCREASES AS EUROPE'S ELECTRIC VEHICLE MARKET GROWS
- SALES OF ELECTRIC VEHICLES IN EUROPE HAVE BEEN ON THE RISE DUE TO DEVELOPMENTS IN BATTERY TECHNOLOGY
Europe Electric Commercial Vehicle Battery Pack Industry Overview
The Europe Electric Commercial Vehicle Battery Pack Market is moderately consolidated, with the top five companies occupying 57.45%. The major players in this market are Akasol AG, BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), LG Energy Solution Ltd. and SAIC Volkswagen Power Battery Co. Ltd. (sorted alphabetically).
Europe Electric Commercial Vehicle Battery Pack Market Leaders
Akasol AG
BYD Company Ltd.
Contemporary Amperex Technology Co. Ltd. (CATL)
LG Energy Solution Ltd.
SAIC Volkswagen Power Battery Co. Ltd.
Other important companies include BMZ Batterien-Montage-Zentrum GmbH, Microvast Holdings Inc, NorthVolt AB, Panasonic Holdings Corporation, Samsung SDI Co. Ltd., SK Innovation Co. Ltd., SVOLT Energy Technology Co. Ltd. (SVOLT), TOSHIBA Corp..
*Disclaimer: Major Players sorted in alphabetical order.
Europe Electric Commercial Vehicle Battery Pack Market News
- February 2023: LG Energy Solution will invest 10 trillion won this year, up 50 percent from 6.3 trillion won a year ago, and expand its global production capacity by 50 percent to 300 gigawatt hours (GWh).
- February 2023: LG Energy Solution is unlocking more sustainable battery value chain with the world's first battery passport.
- February 2023: LG Energy Solution and Freudenberg e-Power Systems have signed a multi-year contract for the supply of lithium-ion battery cell modules with a total capacity of 19 GWh.
Free with this Report
Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.
Europe Electric Commercial Vehicle Battery Pack Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Electric Commercial Vehicle Sales
2.2. Electric Commercial Vehicle Sales By OEMs
2.3. Best-selling EV Models
2.4. OEMs With Preferable Battery Chemistry
2.5. Battery Pack Price
2.6. Battery Material Cost
2.7. Price Chart Of Different Battery Chemistry
2.8. Who Supply Whom
2.9. EV Battery Capacity And Efficiency
2.10. Number Of EV Models Launched
2.11. Regulatory Framework
2.11.1. Belgium
2.11.2. France
2.11.3. Germany
2.11.4. Hungary
2.11.5. Poland
2.11.6. UK
2.12. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Body Type
3.1.1. Bus
3.1.2. LCV
3.1.3. M&HDT
3.2. Propulsion Type
3.2.1. BEV
3.2.2. PHEV
3.3. Battery Chemistry
3.3.1. LFP
3.3.2. NCA
3.3.3. NCM
3.3.4. NMC
3.3.5. Others
3.4. Capacity
3.4.1. 15 kWh to 40 kWh
3.4.2. 40 kWh to 80 kWh
3.4.3. Above 80 kWh
3.4.4. Less than 15 kWh
3.5. Battery Form
3.5.1. Cylindrical
3.5.2. Pouch
3.5.3. Prismatic
3.6. Method
3.6.1. Laser
3.6.2. Wire
3.7. Component
3.7.1. Anode
3.7.2. Cathode
3.7.3. Electrolyte
3.7.4. Separator
3.8. Material Type
3.8.1. Cobalt
3.8.2. Lithium
3.8.3. Manganese
3.8.4. Natural Graphite
3.8.5. Nickel
3.8.6. Other Materials
3.9. Country
3.9.1. France
3.9.2. Germany
3.9.3. Hungary
3.9.4. Italy
3.9.5. Poland
3.9.6. Sweden
3.9.7. UK
3.9.8. Rest-of-Europe
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Akasol AG
4.4.2. BMZ Batterien-Montage-Zentrum GmbH
4.4.3. BYD Company Ltd.
4.4.4. Contemporary Amperex Technology Co. Ltd. (CATL)
4.4.5. LG Energy Solution Ltd.
4.4.6. Microvast Holdings Inc
4.4.7. NorthVolt AB
4.4.8. Panasonic Holdings Corporation
4.4.9. SAIC Volkswagen Power Battery Co. Ltd.
4.4.10. Samsung SDI Co. Ltd.
4.4.11. SK Innovation Co. Ltd.
4.4.12. SVOLT Energy Technology Co. Ltd. (SVOLT)
4.4.13. TOSHIBA Corp.
5. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, EUROPE, 2017 - 2029
- Figure 2:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, EUROPE, 2023
- Figure 3:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, EUROPE, 2023
- Figure 4:
- BEST-SELLING EV MODELS, UNITS, EUROPE, 2023
- Figure 5:
- OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, EUROPE, 2023
- Figure 6:
- ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, EUROPE, 2017 - 2029
- Figure 7:
- ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, EUROPE, 2017 - 2029
- Figure 8:
- ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, EUROPE, 2017 - 2029
- Figure 9:
- EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, EUROPE, 2023
- Figure 10:
- UPCOMING EV MODELS, BY BODY TYPE, UNITS, EUROPE, 2023
- Figure 11:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, KWH, EUROPE, 2017 - 2029
- Figure 12:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, USD, EUROPE, 2017 - 2029
- Figure 13:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BODY TYPE, KWH, EUROPE, 2017 - 2029
- Figure 14:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BODY TYPE, USD, EUROPE, 2017 - 2029
- Figure 15:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 16:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 17:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BUS, KWH, EUROPE, 2017 - 2029
- Figure 18:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BUS, USD, EUROPE, 2017 - 2029
- Figure 19:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 20:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LCV, KWH, EUROPE, 2017 - 2029
- Figure 21:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LCV, USD, EUROPE, 2017 - 2029
- Figure 22:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 23:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY M&HDT, KWH, EUROPE, 2017 - 2029
- Figure 24:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY M&HDT, USD, EUROPE, 2017 - 2029
- Figure 25:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 26:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, EUROPE, 2017 - 2029
- Figure 27:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PROPULSION TYPE, USD, EUROPE, 2017 - 2029
- Figure 28:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 29:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 30:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BEV, KWH, EUROPE, 2017 - 2029
- Figure 31:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BEV, USD, EUROPE, 2017 - 2029
- Figure 32:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 33:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PHEV, KWH, EUROPE, 2017 - 2029
- Figure 34:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PHEV, USD, EUROPE, 2017 - 2029
- Figure 35:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 36:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, EUROPE, 2017 - 2029
- Figure 37:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, EUROPE, 2017 - 2029
- Figure 38:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 39:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 40:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY DELETE, KWH, EUROPE, 2017 - 2029
- Figure 41:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY DELETE, USD, EUROPE, 2017 - 2029
- Figure 42:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 43:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LFP, KWH, EUROPE, 2017 - 2029
- Figure 44:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LFP, USD, EUROPE, 2017 - 2029
- Figure 45:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 46:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NCA, KWH, EUROPE, 2017 - 2029
- Figure 47:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NCA, USD, EUROPE, 2017 - 2029
- Figure 48:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 49:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NCM, KWH, EUROPE, 2017 - 2029
- Figure 50:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NCM, USD, EUROPE, 2017 - 2029
- Figure 51:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 52:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NMC, KWH, EUROPE, 2017 - 2029
- Figure 53:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NMC, USD, EUROPE, 2017 - 2029
- Figure 54:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 55:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY OTHERS, KWH, EUROPE, 2017 - 2029
- Figure 56:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY OTHERS, USD, EUROPE, 2017 - 2029
- Figure 57:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 58:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CAPACITY, KWH, EUROPE, 2017 - 2029
- Figure 59:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CAPACITY, USD, EUROPE, 2017 - 2029
- Figure 60:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 61:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 62:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, EUROPE, 2017 - 2029
- Figure 63:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, EUROPE, 2017 - 2029
- Figure 64:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 65:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, EUROPE, 2017 - 2029
- Figure 66:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, EUROPE, 2017 - 2029
- Figure 67:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 68:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, EUROPE, 2017 - 2029
- Figure 69:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, EUROPE, 2017 - 2029
- Figure 70:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 71:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, EUROPE, 2017 - 2029
- Figure 72:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, EUROPE, 2017 - 2029
- Figure 73:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 74:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BATTERY FORM, KWH, EUROPE, 2017 - 2029
- Figure 75:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BATTERY FORM, USD, EUROPE, 2017 - 2029
- Figure 76:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 77:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 78:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CYLINDRICAL, KWH, EUROPE, 2017 - 2029
- Figure 79:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CYLINDRICAL, USD, EUROPE, 2017 - 2029
- Figure 80:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 81:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY POUCH, KWH, EUROPE, 2017 - 2029
- Figure 82:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY POUCH, USD, EUROPE, 2017 - 2029
- Figure 83:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 84:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PRISMATIC, KWH, EUROPE, 2017 - 2029
- Figure 85:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PRISMATIC, USD, EUROPE, 2017 - 2029
- Figure 86:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 87:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY METHOD, KWH, EUROPE, 2017 - 2029
- Figure 88:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY METHOD, USD, EUROPE, 2017 - 2029
- Figure 89:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 90:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, METHOD, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 91:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LASER, KWH, EUROPE, 2017 - 2029
- Figure 92:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LASER, USD, EUROPE, 2017 - 2029
- Figure 93:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 94:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY WIRE, KWH, EUROPE, 2017 - 2029
- Figure 95:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY WIRE, USD, EUROPE, 2017 - 2029
- Figure 96:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 97:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COMPONENT, UNITS, EUROPE, 2017 - 2029
- Figure 98:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COMPONENT, USD, EUROPE, 2017 - 2029
- Figure 99:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 100:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 101:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ANODE, UNITS, EUROPE, 2017 - 2029
- Figure 102:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ANODE, USD, EUROPE, 2017 - 2029
- Figure 103:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 104:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CATHODE, UNITS, EUROPE, 2017 - 2029
- Figure 105:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CATHODE, USD, EUROPE, 2017 - 2029
- Figure 106:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 107:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, EUROPE, 2017 - 2029
- Figure 108:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ELECTROLYTE, USD, EUROPE, 2017 - 2029
- Figure 109:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 110:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY SEPARATOR, UNITS, EUROPE, 2017 - 2029
- Figure 111:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY SEPARATOR, USD, EUROPE, 2017 - 2029
- Figure 112:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 113:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY MATERIAL TYPE, KG, EUROPE, 2017 - 2029
- Figure 114:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY MATERIAL TYPE, USD, EUROPE, 2017 - 2029
- Figure 115:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 116:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 117:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COBALT, KG, EUROPE, 2017 - 2029
- Figure 118:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COBALT, USD, EUROPE, 2017 - 2029
- Figure 119:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 120:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LITHIUM, KG, EUROPE, 2017 - 2029
- Figure 121:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LITHIUM, USD, EUROPE, 2017 - 2029
- Figure 122:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 123:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY MANGANESE, KG, EUROPE, 2017 - 2029
- Figure 124:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY MANGANESE, USD, EUROPE, 2017 - 2029
- Figure 125:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 126:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, EUROPE, 2017 - 2029
- Figure 127:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, EUROPE, 2017 - 2029
- Figure 128:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 129:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NICKEL, KG, EUROPE, 2017 - 2029
- Figure 130:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NICKEL, USD, EUROPE, 2017 - 2029
- Figure 131:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 132:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY OTHER MATERIALS, KG, EUROPE, 2017 - 2029
- Figure 133:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY OTHER MATERIALS, USD, EUROPE, 2017 - 2029
- Figure 134:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 135:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COUNTRY, KWH, EUROPE, 2017 - 2029
- Figure 136:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 137:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), EUROPE, 2022 & 2029
- Figure 138:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, COUNTRY, VALUE SHARE (%), EUROPE, 2022 & 2029
- Figure 139:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY FRANCE, KWH, EUROPE, 2017 - 2029
- Figure 140:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY FRANCE, USD, EUROPE, 2017 - 2029
- Figure 141:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 142:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY GERMANY, KWH, EUROPE, 2017 - 2029
- Figure 143:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY GERMANY, USD, EUROPE, 2017 - 2029
- Figure 144:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 145:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY HUNGARY, KWH, EUROPE, 2017 - 2029
- Figure 146:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY HUNGARY, USD, EUROPE, 2017 - 2029
- Figure 147:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 148:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ITALY, KWH, EUROPE, 2017 - 2029
- Figure 149:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ITALY, USD, EUROPE, 2017 - 2029
- Figure 150:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 151:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY POLAND, KWH, EUROPE, 2017 - 2029
- Figure 152:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY POLAND, USD, EUROPE, 2017 - 2029
- Figure 153:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 154:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY SWEDEN, KWH, EUROPE, 2017 - 2029
- Figure 155:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY SWEDEN, USD, EUROPE, 2017 - 2029
- Figure 156:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 157:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY UK, KWH, EUROPE, 2017 - 2029
- Figure 158:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY UK, USD, EUROPE, 2017 - 2029
- Figure 159:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 160:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY REST-OF-EUROPE, KWH, EUROPE, 2017 - 2029
- Figure 161:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY REST-OF-EUROPE, USD, EUROPE, 2017 - 2029
- Figure 162:
- BREAKDOWN OF EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
- Figure 163:
- EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 164:
- EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 165:
- EUROPE ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023
Europe Electric Commercial Vehicle Battery Pack Industry Segmentation
Bus, LCV, M&HDT are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type. France, Germany, Hungary, Italy, Poland, Sweden, UK, Rest-of-Europe are covered as segments by Country.
- The European electric commercial vehicle battery pack market grew significantly from 2017 to 2022. According to a report, Europe witnessed a 57% increase in electric commercial vehicle sales in 2020, with over 36,000 units sold. LCVs and M&HDT were the most popular categories, representing over 80% of total sales. The adoption and penetration of electric commercial vehicles are expected to grow in the coming years, driven by regulations and incentives.
- The growing demand for electric commercial vehicles has also increased the demand for battery packs. Battery density and range have been improving rapidly, with the average range of electric commercial vehicles increasing by over 20% in the past year alone. However, the cost of battery packs remains a significant barrier to adoption. The cost of battery packs for electric commercial vehicles is expected to decline by 56% by 2030, driven by economies of scale and technological advancements.
- Looking toward the future, the pure electric battery pack market for commercial vehicles is expected to continue to grow in Europe. With increasing environmental regulations and a push toward a carbon-neutral economy, many companies are looking to electrify their fleets. There are also significant opportunities in the development of battery technology, including solid-state batteries and battery recycling. Additionally, the development of charging infrastructure will be critical to support the widespread adoption of electric commercial vehicles.
Body Type | |
Bus | |
LCV | |
M&HDT |
Propulsion Type | |
BEV | |
PHEV |
Battery Chemistry | |
LFP | |
NCA | |
NCM | |
NMC | |
Others |
Capacity | |
15 kWh to 40 kWh | |
40 kWh to 80 kWh | |
Above 80 kWh | |
Less than 15 kWh |
Battery Form | |
Cylindrical | |
Pouch | |
Prismatic |
Method | |
Laser | |
Wire |
Component | |
Anode | |
Cathode | |
Electrolyte | |
Separator |
Material Type | |
Cobalt | |
Lithium | |
Manganese | |
Natural Graphite | |
Nickel | |
Other Materials |
Country | |
France | |
Germany | |
Hungary | |
Italy | |
Poland | |
Sweden | |
UK | |
Rest-of-Europe |
Market Definition
- Battery Chemistry - Various types of battery chemistry considred under this segment include LFP, NCA, NCM, NMC, Others.
- Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
- Body Type - Body types considered under this segment include, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
- Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
- Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
- Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, nickel, other material.
- Method - The types of method covered under this segment include laser and wire.
- Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
- ToC Type - ToC 2
- Vehicle Type - Vehicle type considered under this segment include commercial vehicles with various EV powertrains.
Keyword | Definition |
---|---|
Electric vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids. |
Battery-as-a-Service | A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge |
Battery Cell | The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy. |
Module | A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance. |
Battery Management System (BMS) | An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it. |
Energy Density | A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L). |
Power Density | The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg). |
Cycle Life | The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity. |
State of Charge (SOC) | A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity. |
State of Health (SOH) | An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new. |
Thermal Management System | A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods. |
Fast Charging | A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment. |
Regenerative Braking | A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms