電気自動車用固体電池市場 - 成長、動向、COVID-19の影響、予測（2022年～2027年）
EV Solid State Battery Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)
|電気自動車用固体電池市場 - 成長、動向、COVID-19の影響、予測（2022年～2027年）|
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 100 Pages
The EV solid state battery market is anticipated to surpass USD 1 billion by 2027, registering a CAGR of about 52.8% during the forecast period (2022 - 2027).
The impact of COVID-19 on the electric vehicle market was inevitable as it affected almost like every other industry. However, the electric vehicle (EVs) market is witnessing substantial growth owing to the swiftly escalating year-on-year adoption rate of electric vehicles across the globe. For instance, there was a dramatic rise in electric vehicle sales in China a total of 3.3 million in 2021, 1.3 million in 2020 and 1.2 million in 2019 and Europe 2.2 million in 2021, 1.37 million in 2020 and 0.55 million in 2019 despite the pandemic, showing signs of active market growth during the forecast period.
As of now, the electric vehicle market is dominated by Toyota Motor Corporation, Tesla Motors Inc., Volkswagen AG, Honda Motor Company Ltd, General Motors Group, Hyundai Kia Automotive Group, etc. with more than 86% of the market share. Further, these comapanies are expected to be early movers in the solid state battery market and are likely to remain to hold the larger chunk in market share pie.
Asia-Pacific region is expected to witness the fastest growth, followed by Europe and North America. The automotive industry in countries such as China, India, Japan, and South Korea is inclined toward innovation, technology, and the development of advanced electric vehicles and battery. The increasing demand for reducing carbon emissions and developing more advanced battery technology are expected to propel the growth of solid state battery during the forecast period.
The movement to accelerate the adoption of light-duty passenger electric cars (EVs) and phase out traditional vehicles with internal combustion engines is gaining traction around the world. The increase in average fuel prices reflects the fact that Europe has a higher share of new electric car registrations than other parts of the world. Hence, mass adoption of electric vehicles, owing to rising fuel prices, is expected to proliferate globally on the electric powertrain market.
Europe is a crucial market for electric powertrains and holds a substantial share of automotive production. Countries, such as Finland, Norway, Sweden, and the Netherlands, have the highest adoption rate of EVs in the world. Globally, around 3 million new electric cars were registered in 2020, and Europe led with 1.4 million new registrations, followed by China with 1.2 million registrations and United States with 295 000 registrations of new electric cars.
The annual sales volume of battery-electric passenger cars is projected to cross the 7 million mark by the end of 2026. It is expected to account for about 15% of the overall vehicle sales by the end of 2026. Hence, the increase in electric car registrations resulted in an increased production of electric vehicle powertrains.
The electric vehicle market has been witnessing healthy growth rates in recent years. In 2020, many European countries witnessed double-digit growth in EV sales. The European region captured around 43% of global electric car sales in 2020, compared to 26% in 2019. The overall plug-in vehicle sales reached about 3.24 million units compared to 2.26 million in 2019. This spike in sales is mainly due to an increase in regulatory norms by various organizations and governments to control emission levels and propagate zero-emissions vehicles.
Consumers spent USD 120 billion on electric car purchases in 2020, recording a 50% increase from 2019, which breaks down to a 41% increase in sales and a 6% rise in average prices. Moreover, post-COVID recovery, improving business sentiments and increasing awareness about green vehicles increased consumer spending on electric vehicles. The uptick in electric vehicle sales offers great opportunities for EV parts manufacturers, including electric vehicle powertrains manufacturers.
Lower operating expenses, along with lower up-front expenditures, make electric vehicles more appealing to a wider range of customers, particularly low-income customers. Currently, transportation expenditures account for a significant portion of overall household expenses, and low-income households will gain the most from this more reasonable, accessible option.
The increasing demand for electric vehicles and the benefits of solid state batteries are expected to the drive the demand over the forecast period.
The Asia-Pacific market is lead by countries including China, India and Japan. Asia-Pacific is still a unmature market which have immense hidden potential.
The government of China is encouraging people to adopt electric vehicles. The country has already made plans to phase out diesel fuel, which runs the current generation of commercial vehicles, such as trucks. The country is planning to completely ban diesel and petrol vehicles by 2050. The country sales of electric cars accounted for 931 thousand units in 2020, with a growth of 11.64%, over 2019. Therefore, the country being one of the largest growing electric markets, along with new developments and orders for commercial vehicles, is likely to drive the Chinese electric vehicle market.
The electric vehicle market of India is on the growing stage, automobile manufacturers giants in India, includes TATA, Mahindra, Maruti Suzuki and Hyundai Motors, etc., are taking initiatives to provide affordable options for electric drive in India. Moreover, the government is providing subsidies and schemes to adopt electric mobility in India.
The government has been formulating various strategies to reduce pollution in the country. For instance, with its FAME and FAME II policies, the country has been providing incentives to customers and attractive options for investors and manufacturers to set up EV plants to propel the nation toward the faster adoption of green vehicles.
Moreover, electric cars at reasonable prices are attracting consumers, such as Tata Nexon. The recently launched mid-size SUV is one of the hot-selling cars in India, more than 4,000 units have been sold within the year. Similarly, 3,000 units sold by MG electric cars at a reasonable price is one of the factors increasing the sales of electric cars in India.
In 2020, the Japanese government proposed a 'carbon neutral' goal of achieving zero carbon emissions by 2050. To achieve its environmental protection goals, Huis Ten Bosch introduced pure electric buses, despite disruptions of the COVID-19 pandemic. Moreover, the demand for alternative powered vehicles, such as plug-in hybrid, fuel cell electric vehicle, and battery electric vehicles, has increased significantly over the past few years. Vehicle manufacturers across the country are testing the possibilities of electric trucks, which may support the government's move from IC engine vehicles, thereby, protecting the environment.
Such Instances will aid the growth trajectory of elctric vehicle market which inturn propel the demand for solid state batteries over the coming decade.
The EV solid state market is expected to be dominated by Toyota Motor Corporation, Renault Group, Stellantis N.V., General Motors, Mitsubishi Motors, Volkswagen Ag, Ford Motor Company, Hyundai Group, Samsung Sdi, Panasonic and LG Chem.