Evolution of EV Batteries by Cell Type (Prismatic, Pouch, Cylindrical), Forecast to 2030

Prismatic EV Batteries will Experience Transformational Growth by 2030. Pouch Cells will Gain Popularity, Driven by the Growing Adoption of Solid-state Batteries.

RELEASE DATE
24-Oct-2024

REGION
Global

Deliverable Type
Market Research

Research Code: MH7E-01-00-00-00

SKU: AU_2024_1078

$2,450.00

In stock

SKU

AU_2024_1078

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Description

Global demand for electric vehicle (EV) batteries is surging, driven by the rapid growth of EVs and the increasingly stringent environmental regulations. In response, the industry is experiencing a transformative shift, with advancements in battery formats, chemistries, and structural designs. Cylindrical, prismatic, and pouch cells—each with unique advantages—compete for market leadership. Innovations in lithium-ion technology, alongside emerging solid-state and alternative chemistries, are reshaping the landscape. As the drive for higher energy density, faster charging, and enhanced safety accelerates, the EV batteries industry is set for significant evolution.

Currently, prismatic cells lead the industry due to their high energy density, efficient packaging, and effective thermal management, making them a preferred choice among manufacturers. However, cylindrical and pouch formats are gaining traction in specific applications. China remains the dominant market and producer of EV batteries, with major manufacturers such as CATL, BYD, and CALB. Meanwhile, companies from South Korea, including Samsung SDI, LG Energy, and Panasonic, are also influential industry participants.

Investments in high energy density and safety-focused batteries are driving innovation, with expectations for the industry to adopt new chemistries, advanced battery pack designs, and alternative cathode and anode materials by 2030.

This Frost & Sullivan study provides an in-depth analysis of battery formats and their evolution, along with their anticipated demand through 2030. It includes a detailed analysis of format preferences among key OEMs over the years and forecasts future trends. The study also covers regional battery installations in GWh over the past 4 years, leading suppliers' cell format offerings, and future expectations for the 3 cell formats.

Table of Contents

Strategic Imperatives

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the EV Batteries Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Ecosystem

Scope of Analysis

Key Highlights (2023) and Future Predictions (2030)

Conventional EV Battery Configuration

Battery Cell Segmentation by Format

Key Cell Formats Companies Offer

Key Cell Formats Companies Offer (continued)

OEMs and their Battery Suppliers

OEM and their Battery Suppliers (continued)

Growth Drivers

Growth Restraints

Future Trends

Key Future Trends in the EV Batteries Market

Solid-state and Sodium-ion Battery Developments

Reducing Battery Prices

Preferred Battery Chemistry by Cell Format

Developments in Battery Pack Design

Format Segments

EV Battery Installations

Market Share: Key Cell Formats

Key Suppliers’ Market Share

Different Cell Formats’ Estimated Market Share

Different Cell Formats’ Estimated Market Share (continued)

Growth Opportunity Analysis

Assessment Criteria for Cell Format Selection

Structural Simplification and Development

Cylindrical Cells: Outer Dimensions

Prismatic Cells: Outer Dimensions

Pouch Cells: Outer Dimensions

Key OEM Profiles

Tesla: Vehicle Battery Evolution

Mercedes-Benz: Vehicle Battery Evolution

NIO: Vehicle Battery Evolution

Ford: Vehicle Battery Evolution

Audi: Vehicle Battery Evolution

Hyundai: Vehicle Battery Evolution

Toyota: Vehicle Battery Evolution

General Motors: Vehicle Battery Evolution

XPeng: Vehicle Battery Evolution

BMW: Vehicle Battery Evolution

Growth Opportunity Universe

Growth Opportunity 1: Multiple Cell Format Strategy

Growth Opportunity 1: Multiple Cell Format Strategy (continued)

Growth Opportunity 2: Multiple Cell Chemistry Strategy

Growth Opportunity 2: Multiple Cell Chemistry Strategy (continued)

Growth Opportunity 3: Setting Up Technology-agnostic Gigafactories

Growth Opportunity 3: Setting Up Technology-agnostic Gigafactories (continued)

Appendix & Next Steps

Benefits and Impacts of Growth Opportunities

Next Steps

List of Exhibits

Legal Disclaimer

List of Figures & Charts

List of Figures

EV Batteries: Growth Drivers, Global, 2024–2030
EV Batteries: Growth Restraints, Global, 2024–2030
LIB Prices, Global, 2014–2023
EV Batteries: Installations by Region, Global, 2020–2023
EV Batteries: Cell Formats’ Market Share, Global, 2023
EV Batteries: Key Suppliers’ Market Share, Global, 2023
EV Batteries: Cell Formats’ Estimated Market Share in Percentage, Global, 2020–2030
EV Batteries: Cell Formats’ Estimated Market Share in MWh, Global, 2020–2030

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Details

Global demand for electric vehicle (EV) batteries is surging, driven by the rapid growth of EVs and the increasingly stringent environmental regulations. In response, the industry is experiencing a transformative shift, with advancements in battery formats, chemistries, and structural designs. Cylindrical, prismatic, and pouch cells each with unique advantages compete for market leadership. Innovations in lithium-ion technology, alongside emerging solid-state and alternative chemistries, are reshaping the landscape. As the drive for higher energy density, faster charging, and enhanced safety accelerates, the EV batteries industry is set for significant evolution. Currently, prismatic cells lead the industry due to their high energy density, efficient packaging, and effective thermal management, making them a preferred choice among manufacturers. However, cylindrical and pouch formats are gaining traction in specific applications. China remains the dominant market and producer of EV batteries, with major manufacturers such as CATL, BYD, and CALB. Meanwhile, companies from South Korea, including Samsung SDI, LG Energy, and Panasonic, are also influential industry participants. Investments in high energy density and safety-focused batteries are driving innovation, with expectations for the industry to adopt new chemistries, advanced battery pack designs, and alternative cathode and anode materials by 2030. This Frost & Sullivan study provides an in-depth analysis of battery formats and their evolution, along with their anticipated demand through 2030. It includes a detailed analysis of format preferences among key OEMs over the years and forecasts future trends. The study also covers regional battery installations in GWh over the past 4 years, leading suppliers' cell format offerings, and future expectations for the 3 cell formats.

More Information

More Information
Deliverable Type	Market Research
Author	Gargi Dam Kanunjna
Industries	Automotive
No Index	No
Is Prebook	No
Keyword 1	EV battery cell types
Keyword 2	cylindrical battery trends
Keyword 3	battery market growth
List of Charts and Figures	EV Batteries: Growth Drivers, Global, 2024–2030~ EV Batteries: Growth Restraints, Global, 2024–2030~ LIB Prices, Global, 2014–2023~ EV Batteries: Installations by Region, Global, 2020–2023~ EV Batteries: Cell Formats’ Market Share, Global, 2023~ EV Batteries: Key Suppliers’ Market Share, Global, 2023~ EV Batteries: Cell Formats’ Estimated Market Share in Percentage, Global, 2020–2030~ EV Batteries: Cell Formats’ Estimated Market Share in MWh, Global, 2020–2030~
Podcast	No
Predecessor	MG70-01-00-00-00
WIP Number	MH7E-01-00-00-00

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Evolution of EV Batteries by Cell Type (Prismatic, Pouch, Cylindrical), Forecast to 2030

Prismatic EV Batteries will Experience Transformational Growth by 2030. Pouch Cells will Gain Popularity, Driven by the Growing Adoption of Solid-state Batteries.